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LOANS HELD FOR INVESTMENT | 6 Months Ended
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Jun. 30, 2022
Receivables [Abstract] |
LOAN HELD FOR INVESTMENT [Text Block] | NOTE 3 – LOANS HELD FOR INVESTMENT The following table provides information about the loan portfolio held for investment by portfolio segment and disaggregated by geographic location as of the indicated dates:
|  | As of June 30, 2022 |  | As of December 31, 2021
(In thousands) |
Puerto Rico and Virgin Island region: |  |  |  |  |
Residential mortgage loans, mainly secured by first mortgages | $ | 2,444,532 |  | $ | 2,549,573
Construction loans |  | 25,477 |  |  | 43,133
Commercial mortgage loans |  | 1,784,879 |  |  | 1,702,231
Commercial and Industrial ("C&I") loans |  | 1,869,210 |  |  | 1,946,597
Consumer loans |  | 3,093,629 |  |  | 2,872,384
| Loans held for investment |  | 9,217,727 |  |  | 9,113,918
Florida region: |  |  |  |  |
Residential mortgage loans, mainly secured by first mortgages | $ | 407,153 |  | $ | 429,322
Construction loans |  | 89,833 |  |  | 95,866
Commercial mortgage loans |  | 485,234 |  |  | 465,238
C&I loans |  | 993,707 |  |  | 940,654
Consumer loans |  | 13,220 |  |  | 15,660
| Loans held for investment |  | 1,989,147 |  |  | 1,946,740
Total: |  |  |  |  |
Residential mortgage loans, mainly secured by first mortgages | $ | 2,851,685 |  | $ | 2,978,895
Construction loans |  | 115,310 |  |  | 138,999
Commercial mortgage loans |  | 2,270,113 |  |  | 2,167,469
C&I loans (1) |  | 2,862,917 |  |  | 2,887,251
Consumer loans |  | 3,106,849 |  |  | 2,888,044
| Loans held for investment (2) | $ | 11,206,874 |  | $ | 11,060,658
(1) | As of June 30, 2022 and December 31, 2021, includes $893.0 million and $952.1 million, respectively, of commercial loans that were secured by real estate but were not dependent upon the real estate for repayment.
(2) | Includes accretable fair value net purchase discounts of $32.0 million and $35.3 million as of June 30, 2022 and December 31, 2021, respectively.
The Corporation’s aging of the loan portfolio held for investment by portfolio classes and nonaccrual loans with no ACL as of June 30, 2022 and December 31, 2021 are as follows:
As of June 30, 2022 |  |  |  | Days Past Due and Accruing |  |  |  |  |  |  |  |  |
| Current |  | 30-59 |  | 60-89 |  | 90 + (1) (2) (3) |  | Nonaccrual (4) (5) |  | Total loans held for investment |  | Nonaccrual Loans with no ACL (6)
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage loans, mainly secured by first mortgages: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| FHA/VA government-guaranteed loans (1) (3) (7) | $ | 63,062 |  | $ | - |  | $ | 2,346 |  | $ | 55,752 |  | $ | - |  | $ | 121,160 |  | $ | -
| Conventional residential mortgage loans (2) (7) |  | 2,633,359 |  |  | - |  |  | 30,964 |  |  | 21,614 |  |  | 44,588 |  |  | 2,730,525 |  |  | 3,351
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Construction loans |  | 112,932 |  |  | - |  |  | - |  |  | 3 |  |  | 2,375 |  |  | 115,310 |  |  | 982
| Commercial mortgage loans (2) (7) |  | 2,243,330 |  |  | - |  |  | 417 |  |  | 1,613 |  |  | 24,753 |  |  | 2,270,113 |  |  | 7,736
C&I loans |  | 2,828,679 |  |  | 4,990 |  |  | 197 |  |  | 11,972 |  |  | 17,079 |  |  | 2,862,917 |  |  | 11,619
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Auto loans |  | 1,668,658 |  |  | 29,884 |  |  | 4,771 |  |  | - |  |  | 6,916 |  |  | 1,710,229 |  |  | 2,535
| Finance leases |  | 626,352 |  |  | 5,234 |  |  | 1,148 |  |  | - |  |  | 1,047 |  |  | 633,781 |  |  | 266
| Personal loans |  | 321,892 |  |  | 2,903 |  |  | 1,458 |  |  | - |  |  | 893 |  |  | 327,146 |  |  | -
| Credit cards |  | 288,774 |  |  | 3,096 |  |  | 2,012 |  |  | 3,407 |  |  | - |  |  | 297,289 |  |  | -
| Other consumer loans |  | 134,142 |  |  | 1,857 |  |  | 946 |  |  | - |  |  | 1,459 |  |  | 138,404 |  |  | 13
|  | Total loans held for investment | $ | 10,921,180 |  | $ | 47,964 |  | $ | 44,259 |  | $ | 94,361 |  | $ | 99,110 |  | $ | 11,206,874 |  | $ | 26,502
(1) | It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $35.6 million of residential mortgage loans insured by the FHA that were over 15 months delinquent.
(2) | Includes purchased credit deteriorated ("PCD") loans previously accounted for under Accounting Standard Codification ("ASC") Subtopic 310-30, "Loans and Debt Securities Acquired with Deteriorated Credit Quality" ("ASC Subtopic 310-30") for which the Corporation made the accounting policy election of maintaining pools of loans as “units of account” both at the time of adoption of CECL on January 1, 2020 and on an ongoing basis for credit loss measurement. These loans will continue to be excluded from nonaccrual loan statistics as long as the Corporation can reasonably estimate the timing and amount of cash flows expected to be collected on the loan pools. The portion of such loans contractually past due 90 days or more, amounting to $15.3 million as of June 30, 2022 ($14.3 million conventional residential mortgage loans and $1.0 million commercial mortgage loans), is presented in the loans past due 90 days or more and still accruing category in the table above.
(3) | Include rebooked loans, which were previously pooled into GNMA securities, amounting to $10.8 million as of June 30, 2022. Under the GNMA program, the Corporation has the option but not the obligation to repurchase loans that meet GNMA’s specified delinquency criteria. For accounting purposes, these loans subject to the repurchase option are required to be reflected on the financial statements with an offsetting liability.
(4) | Nonaccrual loans in the Florida region amounted to $7.1 million as of June 30, 2022.
(5) | Nonaccrual loans exclude $345.4 million of TDR loans that were in compliance with modified terms and in accrual status as of June 30, 2022.
(6) | Includes $0.4 million of nonaccrual C&I loans with no ACL in the Florida region as of June 30, 2022.
(7) | 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, conventional residential mortgage loans, and commercial mortgage loans past due 30-59 days, but less than two payments in arrears, as of June 30, 2022 amounted to $6.7 million, $61.6 million, and $0.7 million, respectively.
As of December 31, 2021 |  |  |  | Days Past Due and Accruing |  |  |  |  |  |  |  |  |
| Current |  | 30-59 |  | 60-89 |  | 90+ (1) (2) (3) |  | Nonaccrual (4) (5) |  | Total loans held for investment |  | Nonaccrual Loans with no ACL (6)
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage loans, mainly secured by first mortgages: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| FHA/VA government-guaranteed loans (1) (3) (7) | $ | 57,522 |  | $ | - |  | $ | 2,355 |  | $ | 65,515 |  | $ | - |  | $ | 125,392 |  | $ | -
| Conventional residential mortgage loans (2) (7) |  | 2,738,111 |  |  | - |  |  | 31,832 |  |  | 28,433 |  |  | 55,127 |  |  | 2,853,503 |  |  | 3,689
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Construction loans |  | 136,317 |  |  | 18 |  |  | - |  |  | - |  |  | 2,664 |  |  | 138,999 |  |  | 1,000
| Commercial mortgage loans (2) (7) |  | 2,129,375 |  |  | 2,402 |  |  | 436 |  |  | 9,919 |  |  | 25,337 |  |  | 2,167,469 |  |  | 8,289
| C&I loans |  | 2,858,397 |  |  | 2,047 |  |  | 1,845 |  |  | 7,827 |  |  | 17,135 |  |  | 2,887,251 |  |  | 11,393
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Auto loans |  | 1,533,445 |  |  | 26,462 |  |  | 4,949 |  |  | - |  |  | 6,684 |  |  | 1,571,540 |  |  | 3,146
| Finance leases |  | 568,606 |  |  | 4,820 |  |  | 713 |  |  | - |  |  | 866 |  |  | 575,005 |  |  | 196
| Personal loans |  | 310,390 |  |  | 3,299 |  |  | 1,285 |  |  | - |  |  | 1,208 |  |  | 316,182 |  |  | -
| Credit cards |  | 282,179 |  |  | 3,158 |  |  | 1,904 |  |  | 2,985 |  |  | - |  |  | 290,226 |  |  | -
| Other consumer loans |  | 130,588 |  |  | 1,996 |  |  | 811 |  |  | - |  |  | 1,696 |  |  | 135,091 |  |  | 20
|  | Total loans held for investment | $ | 10,744,930 |  | $ | 44,202 |  | $ | 46,130 |  | $ | 114,679 |  | $ | 110,717 |  | $ | 11,060,658 |  | $ | 27,733
(1) | It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $46.6 million of residential mortgage loans insured by the FHA that were over 15 months delinquent.
(2) | Includes PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election of maintaining pools of loans as “units of account” both at the time of adoption of CECL on January 1, 2020 and on an ongoing basis for credit loss measurement. These loans will continue to be excluded from nonaccrual loan statistics as long as the Corporation can reasonably estimate the timing and amount of cash flows expected to be collected on the loan pools. The portion of such loans contractually past due 90 days or more, amounting to $20.6 million as of December 31, 2021 ($19.1 million conventional residential mortgage loans and $1.5 million commercial mortgage loans), is presented in the loans past due 90 days or more and still accruing category in the table above.
(3) | Include rebooked loans, which were previously pooled into GNMA securities, amounting to $7.2 million as of December 31, 2021. Under the GNMA program, the Corporation has the option but not the obligation to repurchase loans that meet GNMA’s specified delinquency criteria. For accounting purposes, these loans subject to the repurchase option are required to be reflected on the financial statements with an offsetting liability.
(4) | Nonaccrual loans in the Florida region amounted to $8.2 million as of December 31, 2021.
(5) | Nonaccrual loans exclude $363.4 million of TDR loans that were in compliance with modified terms and in accrual status as of December 31, 2021.
(6) | Includes $0.5 million of nonaccrual C&I loans with no ACL in the Florida region as of December 31, 2021.
(7) | 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, conventional residential mortgage loans, and commercial mortgage loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2021 amounted to $6.1 million, $66.0 million, and $0.7 million, respectively.
When a loan is placed on nonaccrual status, any accrued but uncollected interest income is reversed and charged against interest income and the amortization of any net deferred fees is suspended. The amount of accrued interest reversed against interest income totaled $0.3 million and $0.7 million for the quarter and six-month period ended June 30, 2022, respectively ($0.3 million and $1.3 million for the quarter and six-month period ended June 30, 2021, respectively). For the quarter and six-month period ended June 30, 2022, the cash interest recognized on nonaccrual loans amounted to $0.3 million and $0.7 million, respectively, compared with $0.8 million and $1.3 million for the quarter and six-month period ended June 30, 2021, respectively. As of June 30, 2022, the recorded investment on residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure amounted to $84.8 million, including $35.1 million of loans insured by the FHA or guaranteed by the VA, and $12.1 million of PCD loans acquired prior to the adoption, on January 1, 2020, of CECL. The Corporation commences the foreclosure process on residential real estate loans when a borrower becomes 120 days delinquent, in accordance with the requirements of the Consumer Financial Protection Bureau (“CFPB”). Foreclosure procedures and timelines vary depending on whether the property is located in a judicial or non-judicial state. Occasionally, foreclosures may be delayed due to, among other reasons, mandatory mediations, bankruptcy, court delays and title issues. Credit Quality Indicators: The Corporation categorizes loans into risk categories based on relevant information about the ability of the borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Corporation analyzes non-homogeneous loans, such as commercial mortgage, commercial and industrial, and construction loans individually to classify the loans’ credit risk. As mentioned above, the Corporation periodically reviews its commercial and construction loans to evaluate if they are properly classified. The frequency of these reviews will depend on the amount of the aggregate outstanding debt, and the risk rating classification of the obligor. In addition, during the renewal and annual review process of applicable credit facilities, the Corporation evaluates the corresponding loan grades. The Corporation uses the same definition for risk ratings as those described for Puerto Rico municipal bonds accounted for as held-to-maturity debt securities, as discussed in Note 5 – Investment Securities, in the 2021 Annual Report on Form 10-K. For residential mortgage and consumer loans, the Corporation also evaluates credit quality based on its interest accrual status. Based on the most recent analysis performed, the amortized cost of commercial and construction loans by portfolio classes and by origination year based on the internal credit-risk category as of June 30, 2022 and the amortized cost of commercial and construction loans by portfolio classes based on the internal credit-risk category as of December 31, 2021 was as follows:
|  |  |  |  |  | As of June 30, 2022 |  |  |  |  |  |  |  |
Puerto Rico and Virgin Islands region |  | Term Loans |  |  |  |  |  |  |  | As of December 31, 2021
| Amortized Cost Basis by Origination Year (1) |  |  |  |  |  |  |
|  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Total |  | Total
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CONSTRUCTION |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Risk Ratings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Pass |  | $ | 4,741 |  | $ | 12,633 |  | $ | 962 |  | $ | - |  | $ | - |  | $ | 3,747 |  | $ | - |  | $ | 22,083 |  | $ | 38,066
|  | Criticized: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Special Mention |  |  | - |  |  | - |  |  | - |  |  | 3 |  |  | - |  |  | - |  |  | - |  |  | 3 |  |  | 765
|  |  | Substandard |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 274 |  |  | 3,117 |  |  | - |  |  | 3,391 |  |  | 4,302
|  |  | Doubtful |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Loss |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  |  | Total construction loans |  | $ | 4,741 |  | $ | 12,633 |  | $ | 962 |  | $ | 3 |  | $ | 274 |  | $ | 6,864 |  | $ | - |  | $ | 25,477 |  | $ | 43,133
COMMERCIAL MORTGAGE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Risk Ratings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Pass |  | $ | 206,946 |  | $ | 156,607 |  | $ | 361,553 |  | $ | 236,728 |  | $ | 192,126 |  | $ | 328,477 |  | $ | 13 |  | $ | 1,482,450 |  | $ | 1,395,569
|  | Criticized: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Special Mention |  |  | 1,345 |  |  | - |  |  | 10,426 |  |  | 84,387 |  |  | 31,055 |  |  | 136,282 |  |  | - |  |  | 263,495 |  |  | 259,263
|  |  | Substandard |  |  | 140 |  |  | 637 |  |  | - |  |  | 2,952 |  |  | 768 |  |  | 34,437 |  |  | - |  |  | 38,934 |  |  | 47,399
|  |  | Doubtful |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Loss |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  |  | Total commercial mortgage loans |  | $ | 208,431 |  | $ | 157,244 |  | $ | 371,979 |  | $ | 324,067 |  | $ | 223,949 |  | $ | 499,196 |  | $ | 13 |  | $ | 1,784,879 |  | $ | 1,702,231
COMMERCIAL AND INDUSTRIAL |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Risk Ratings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Pass |  | $ | 57,862 |  | $ | 234,695 |  | $ | 196,485 |  | $ | 333,737 |  | $ | 134,771 |  | $ | 271,681 |  | $ | 542,321 |  | $ | 1,771,552 |  | $ | 1,852,552
|  | Criticized: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Special Mention |  |  | 1,037 |  |  | 9,395 |  |  | 1,293 |  |  | - |  |  | 239 |  |  | 5,696 |  |  | 16,010 |  |  | 33,670 |  |  | 32,650
|  |  | Substandard |  |  | 37 |  |  | 4,138 |  |  | 1,397 |  |  | 14,084 |  |  | 2,015 |  |  | 34,494 |  |  | 7,823 |  |  | 63,988 |  |  | 61,395
|  |  | Doubtful |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Loss |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  |  | Total commercial and industrial loans |  | $ | 58,936 |  | $ | 248,228 |  | $ | 199,175 |  | $ | 347,821 |  | $ | 137,025 |  | $ | 311,871 |  | $ | 566,154 |  | $ | 1,869,210 |  | $ | 1,946,597
(1) Excludes accrued interest receivable.
|  |  |  |  |  |  |  |  |  |  |  | As of June 30, 2022 |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  | Term Loans |  |  |  |  |  |  |  | As of December 31, 2021
Florida region |  |  |  |  |  |  |  | Amortized Cost Basis by Origination Year (1) |  |  |  |  |  |  |
|  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Total |  | Total
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CONSTRUCTION |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Risk Ratings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Pass |  | $ | 45,275 |  | $ | 44,085 |  | $ | - |  | $ | 103 |  | $ | - |  | $ | - |  | $ | 370 |  | $ | 89,833 |  | $ | 95,866
|  | Criticized: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Special Mention |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Substandard |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Doubtful |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Loss |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  |  | Total construction loans |  | $ | 45,275 |  | $ | 44,085 |  | $ | - |  | $ | 103 |  | $ | - |  | $ | - |  | $ | 370 |  | $ | 89,833 |  | $ | 95,866
COMMERCIAL MORTGAGE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Risk Ratings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Pass |  | $ | 108,137 |  | $ | 80,960 |  | $ | 43,270 |  | $ | 57,206 |  | $ | 83,347 |  | $ | 73,388 |  | $ | 16,955 |  | $ | 463,263 |  | $ | 404,304
|  | Criticized: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Special Mention |  |  | - |  |  | - |  |  | 7,062 |  |  | 13,430 |  |  | - |  |  | - |  |  | - |  |  | 20,492 |  |  | 60,618
|  |  | Substandard |  |  | - |  |  | - |  |  | 1,168 |  |  | - |  |  | - |  |  | 311 |  |  | - |  |  | 1,479 |  |  | 316
|  |  | Doubtful |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Loss |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  |  | Total commercial mortgage loans |  | $ | 108,137 |  | $ | 80,960 |  | $ | 51,500 |  | $ | 70,636 |  | $ | 83,347 |  | $ | 73,699 |  | $ | 16,955 |  | $ | 485,234 |  | $ | 465,238
COMMERCIAL AND INDUSTRIAL |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Risk Ratings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Pass |  | $ | 141,496 |  | $ | 188,753 |  | $ | 93,852 |  | $ | 204,060 |  | $ | 56,694 |  | $ | 60,919 |  | $ | 122,712 |  | $ | 868,486 |  | $ | 826,823
|  | Criticized: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Special Mention |  |  | - |  |  | - |  |  | - |  |  | 14,682 |  |  | 13,075 |  |  | 12,363 |  |  | 22,162 |  |  | 62,282 |  |  | 49,946
|  |  | Substandard |  |  | - |  |  | - |  |  | 24,196 |  |  | 33,964 |  |  | - |  |  | 4,444 |  |  | 335 |  |  | 62,939 |  |  | 63,885
|  |  | Doubtful |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Loss |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  |  | Total commercial and industrial loans |  | $ | 141,496 |  | $ | 188,753 |  | $ | 118,048 |  | $ | 252,706 |  | $ | 69,769 |  | $ | 77,726 |  | $ | 145,209 |  | $ | 993,707 |  | $ | 940,654
(1) Excludes accrued interest receivable.
|  |  |  |  |  | As of June 30, 2022 |  |  |  |  |  |  |  |
Total |  | Term Loans |  |  |  |  |  |  |  | As of December 31, 2021
|  |  |  |  |  | Amortized Cost Basis by Origination Year (1) |  |  |  |  |  |  |
|  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Total |  | Total
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CONSTRUCTION |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Risk Ratings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Pass |  | $ | 50,016 |  | $ | 56,718 |  | $ | 962 |  | $ | 103 |  | $ | - |  | $ | 3,747 |  | $ | 370 |  | $ | 111,916 |  | $ | 133,932
|  | Criticized: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Special Mention |  |  | - |  |  | - |  |  | - |  |  | 3 |  |  | - |  |  | - |  |  | - |  |  | 3 |  |  | 765
|  |  | Substandard |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 274 |  |  | 3,117 |  |  | - |  |  | 3,391 |  |  | 4,302
|  |  | Doubtful |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Loss |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  |  | Total construction loans |  | $ | 50,016 |  | $ | 56,718 |  | $ | 962 |  | $ | 106 |  | $ | 274 |  | $ | 6,864 |  | $ | 370 |  | $ | 115,310 |  | $ | 138,999
COMMERCIAL MORTGAGE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Risk Ratings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Pass |  | $ | 315,083 |  | $ | 237,567 |  | $ | 404,823 |  | $ | 293,934 |  | $ | 275,473 |  | $ | 401,865 |  | $ | 16,968 |  | $ | 1,945,713 |  | $ | 1,799,873
|  | Criticized: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Special Mention |  |  | 1,345 |  |  | - |  |  | 17,488 |  |  | 97,817 |  |  | 31,055 |  |  | 136,282 |  |  | - |  |  | 283,987 |  |  | 319,881
|  |  | Substandard |  |  | 140 |  |  | 637 |  |  | 1,168 |  |  | 2,952 |  |  | 768 |  |  | 34,748 |  |  | - |  |  | 40,413 |  |  | 47,715
|  |  | Doubtful |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Loss |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  |  | Total commercial mortgage loans |  | $ | 316,568 |  | $ | 238,204 |  | $ | 423,479 |  | $ | 394,703 |  | $ | 307,296 |  | $ | 572,895 |  | $ | 16,968 |  | $ | 2,270,113 |  | $ | 2,167,469
COMMERCIAL AND INDUSTRIAL |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Risk Ratings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Pass |  | $ | 199,358 |  | $ | 423,448 |  | $ | 290,337 |  | $ | 537,797 |  | $ | 191,465 |  | $ | 332,600 |  | $ | 665,033 |  | $ | 2,640,038 |  | $ | 2,679,375
|  | Criticized: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Special Mention |  |  | 1,037 |  |  | 9,395 |  |  | 1,293 |  |  | 14,682 |  |  | 13,314 |  |  | 18,059 |  |  | 38,172 |  |  | 95,952 |  |  | 82,596
|  |  | Substandard |  |  | 37 |  |  | 4,138 |  |  | 25,593 |  |  | 48,048 |  |  | 2,015 |  |  | 38,938 |  |  | 8,158 |  |  | 126,927 |  |  | 125,280
|  |  | Doubtful |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Loss |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  |  | Total commercial and industrial loans |  | $ | 200,432 |  | $ | 436,981 |  | $ | 317,223 |  | $ | 600,527 |  | $ | 206,794 |  | $ | 389,597 |  | $ | 711,363 |  | $ | 2,862,917 |  | $ | 2,887,251
(1) Excludes accrued interest receivable.
The following tables present the amortized cost of residential mortgage loans by origination year based on accrual status as of June 30, 2022, and the amortized cost of residential mortgage loans by accrual status as of December 31, 2021:
|  | As of June 30, 2022 |  |  |  |  |  |  |  | As of December 31, 2021
|  |  |  |  | Term Loans |  |  |  |  |  |  |
|  |  |  |  | Amortized Cost Basis by Origination Year (1) |  |  |  |  |  |  |
(In thousands) |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Total |  | Total
Puerto Rico and Virgin Islands Region: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| FHA/VA government-guaranteed loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | - |  | $ | 657 |  | $ | 871 |  | $ | 1,240 |  | $ | 2,924 |  | $ | 114,736 |  | $ | - |  | $ | 120,428 |  | $ | 124,652
|  | Non-Performing |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Total FHA/VA government-guaranteed loans |  | $ | - |  | $ | 657 |  | $ | 871 |  | $ | 1,240 |  | $ | 2,924 |  | $ | 114,736 |  | $ | - |  | $ | 120,428 |  | $ | 124,652
| Conventional residential mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 78,843 |  | $ | 78,100 |  | $ | 32,608 |  | $ | 50,519 |  | $ | 78,967 |  | $ | 1,966,451 |  | $ | - |  | $ | 2,285,488 |  | $ | 2,376,946
|  | Non-Performing |  |  | - |  |  | 35 |  |  | 77 |  |  | 113 |  |  | 279 |  |  | 38,112 |  |  | - |  |  | 38,616 |  |  | 47,975
|  |  | Total conventional residential mortgage loans |  | $ | 78,843 |  | $ | 78,135 |  | $ | 32,685 |  | $ | 50,632 |  | $ | 79,246 |  | $ | 2,004,563 |  | $ | - |  | $ | 2,324,104 |  | $ | 2,424,921
| Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 78,843 |  | $ | 78,757 |  | $ | 33,479 |  | $ | 51,759 |  | $ | 81,891 |  | $ | 2,081,187 |  | $ | - |  | $ | 2,405,916 |  | $ | 2,501,598
|  | Non-Performing |  |  | - |  |  | 35 |  |  | 77 |  |  | 113 |  |  | 279 |  |  | 38,112 |  |  | - |  |  | 38,616 |  |  | 47,975
|  |  | Total residential mortgage loans in Puerto Rico and Virgin Islands Region |  | $ | 78,843 |  | $ | 78,792 |  | $ | 33,556 |  | $ | 51,872 |  | $ | 82,170 |  | $ | 2,119,299 |  | $ | - |  | $ | 2,444,532 |  | $ | 2,549,573
(1) | Excludes accrued interest receivable.
|  | As of June 30, 2022 |  |  |  |  |  |  |  | As of December 31, 2021
|  |  |  |  | Term Loans |  |  |  |  |  |  |
|  |  |  |  | Amortized Cost Basis by Origination Year (1) |  |  |  |  |  |  |
(In thousands) |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Total |  | Total
Florida Region: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| FHA/VA government-guaranteed loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 732 |  | $ | - |  | $ | 732 |  | $ | 740
|  | Non-Performing |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Total FHA/VA government-guaranteed loans |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 732 |  | $ | - |  | $ | 732 |  | $ | 740
| Conventional residential mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 35,617 |  | $ | 50,948 |  | $ | 33,258 |  | $ | 34,427 |  | $ | 41,198 |  | $ | 205,001 |  | $ | - |  | $ | 400,449 |  | $ | 421,430
|  | Non-Performing |  |  | - |  |  | - |  |  | - |  |  | 281 |  |  | - |  |  | 5,691 |  |  | - |  |  | 5,972 |  |  | 7,152
|  |  | Total conventional residential mortgage loans |  | $ | 35,617 |  | $ | 50,948 |  | $ | 33,258 |  | $ | 34,708 |  | $ | 41,198 |  | $ | 210,692 |  | $ | - |  | $ | 406,421 |  | $ | 428,582
| Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 35,617 |  | $ | 50,948 |  | $ | 33,258 |  | $ | 34,427 |  | $ | 41,198 |  | $ | 205,733 |  | $ | - |  | $ | 401,181 |  | $ | 422,170
|  | Non-Performing |  |  | - |  |  | - |  |  | - |  |  | 281 |  |  | - |  |  | 5,691 |  |  | - |  |  | 5,972 |  |  | 7,152
|  |  | Total residential mortgage loans in Florida region |  | $ | 35,617 |  | $ | 50,948 |  | $ | 33,258 |  | $ | 34,708 |  | $ | 41,198 |  | $ | 211,424 |  | $ | - |  | $ | 407,153 |  | $ | 429,322
(1) | Excludes accrued interest receivable.
|  | As of June 30, 2022 |  |  |  |  |  |  |  | As of December 31, 2021
|  |  |  |  | Term Loans |  |  |  |  |  |  |
|  |  |  |  | Amortized Cost Basis by Origination Year (1) |  |  |  |  |  |  |
(In thousands) |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Total |  | Total
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| FHA/VA government-guaranteed loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | - |  | $ | 657 |  | $ | 871 |  | $ | 1,240 |  | $ | 2,924 |  | $ | 115,468 |  | $ | - |  | $ | 121,160 |  | $ | 125,392
|  | Non-Performing |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Total FHA/VA government-guaranteed loans |  | $ | - |  | $ | 657 |  | $ | 871 |  | $ | 1,240 |  | $ | 2,924 |  | $ | 115,468 |  | $ | - |  | $ | 121,160 |  | $ | 125,392
| Conventional residential mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 114,460 |  | $ | 129,048 |  | $ | 65,866 |  | $ | 84,946 |  | $ | 120,165 |  | $ | 2,171,452 |  | $ | - |  | $ | 2,685,937 |  | $ | 2,798,376
|  | Non-Performing |  |  | - |  |  | 35 |  |  | 77 |  |  | 394 |  |  | 279 |  |  | 43,803 |  |  | - |  |  | 44,588 |  |  | 55,127
|  |  | Total conventional residential mortgage loans |  | $ | 114,460 |  | $ | 129,083 |  | $ | 65,943 |  | $ | 85,340 |  | $ | 120,444 |  | $ | 2,215,255 |  | $ | - |  | $ | 2,730,525 |  | $ | 2,853,503
| Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 114,460 |  | $ | 129,705 |  | $ | 66,737 |  | $ | 86,186 |  | $ | 123,089 |  | $ | 2,286,920 |  | $ | - |  | $ | 2,807,097 |  | $ | 2,923,768
|  | Non-Performing |  |  | - |  |  | 35 |  |  | 77 |  |  | 394 |  |  | 279 |  |  | 43,803 |  |  | - |  |  | 44,588 |  |  | 55,127
|  |  | Total residential mortgage loans |  | $ | 114,460 |  | $ | 129,740 |  | $ | 66,814 |  | $ | 86,580 |  | $ | 123,368 |  | $ | 2,330,723 |  | $ | - |  | $ | 2,851,685 |  | $ | 2,978,895
(1) | Excludes accrued interest receivable.
The following tables present the amortized cost of consumer loans by origination year based on accrual status as of June 30, 2022 and the amortized cost of consumer loans by accrual status as of December 31, 2021:
|  | As of June 30, 2022 |  |  |  |  |  |  |  | As of December 31, 2021
|  |  |  |  | Term Loans |  |  |  |  |  |  |
|  |  |  |  | Amortized Cost Basis by Origination Year (1) |  |  |  |  |  |  |
(In thousands) |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Total |  | Total
Puerto Rico and Virgin Islands Region: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Auto loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 379,265 |  | $ | 579,362 |  | $ | 298,766 |  | $ | 250,492 |  | $ | 126,132 |  | $ | 63,509 |  | $ | - |  | $ | 1,697,526 |  | $ | 1,556,097
|  | Non-Performing |  |  | 65 |  |  | 1,170 |  |  | 883 |  |  | 1,810 |  |  | 1,415 |  |  | 1,504 |  |  | - |  |  | 6,847 |  |  | 6,684
|  |  | Total auto loans |  | $ | 379,330 |  | $ | 580,532 |  | $ | 299,649 |  | $ | 252,302 |  | $ | 127,547 |  | $ | 65,013 |  | $ | - |  | $ | 1,704,373 |  | $ | 1,562,781
| Finance leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 140,447 |  | $ | 210,366 |  | $ | 100,710 |  | $ | 96,801 |  | $ | 60,908 |  | $ | 23,502 |  | $ | - |  | $ | 632,734 |  | $ | 574,139
|  | Non-Performing |  |  | - |  |  | 120 |  |  | 166 |  |  | 238 |  |  | 282 |  |  | 241 |  |  | - |  |  | 1,047 |  |  | 866
|  |  | Total finance leases |  | $ | 140,447 |  | $ | 210,486 |  | $ | 100,876 |  | $ | 97,039 |  | $ | 61,190 |  | $ | 23,743 |  | $ | - |  | $ | 633,781 |  | $ | 575,005
| Personal loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 87,793 |  | $ | 70,988 |  | $ | 39,484 |  | $ | 72,802 |  | $ | 32,609 |  | $ | 22,191 |  | $ | - |  | $ | 325,867 |  | $ | 314,867
|  | Non-Performing |  |  | 6 |  |  | 157 |  |  | 107 |  |  | 362 |  |  | 145 |  |  | 116 |  |  | - |  |  | 893 |  |  | 1,208
|  |  | Total personal loans |  | $ | 87,799 |  | $ | 71,145 |  | $ | 39,591 |  | $ | 73,164 |  | $ | 32,754 |  | $ | 22,307 |  | $ | - |  | $ | 326,760 |  | $ | 316,075
| Credit cards: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 297,289 |  | $ | 297,289 |  | $ | 290,226
|  | Non-Performing |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Total credit cards |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 297,289 |  | $ | 297,289 |  | $ | 290,226
| Other consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 44,438 |  | $ | 34,988 |  | $ | 12,563 |  | $ | 17,666 |  | $ | 6,089 |  | $ | 5,682 |  | $ | 8,676 |  | $ | 130,102 |  | $ | 126,734
|  | Non-Performing |  |  | 38 |  |  | 256 |  |  | 113 |  |  | 191 |  |  | 36 |  |  | 551 |  |  | 139 |  |  | 1,324 |  |  | 1,563
|  |  | Total other consumer loans |  | $ | 44,476 |  | $ | 35,244 |  | $ | 12,676 |  | $ | 17,857 |  | $ | 6,125 |  | $ | 6,233 |  | $ | 8,815 |  | $ | 131,426 |  | $ | 128,297
| Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 651,943 |  | $ | 895,704 |  | $ | 451,523 |  | $ | 437,761 |  | $ | 225,738 |  | $ | 114,884 |  | $ | 305,965 |  | $ | 3,083,518 |  | $ | 2,862,063
|  | Non-Performing |  |  | 109 |  |  | 1,703 |  |  | 1,269 |  |  | 2,601 |  |  | 1,878 |  |  | 2,412 |  |  | 139 |  |  | 10,111 |  |  | 10,321
|  |  | Total consumer loans in Puerto Rico and Virgin Islands region |  | $ | 652,052 |  | $ | 897,407 |  | $ | 452,792 |  | $ | 440,362 |  | $ | 227,616 |  | $ | 117,296 |  | $ | 306,104 |  | $ | 3,093,629 |  | $ | 2,872,384
(1) | Excludes accrued interest receivable.
|  | As of June 30, 2022 |  |  |  |  |  |  |  | As of December 31, 2021
|  |  |  |  | Term Loans |  |  |  |  |  |  |
|  |  |  |  | Amortized Cost Basis by Origination Year (1) |  |  |  |  |  |  |
(In thousands) |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Total |  | Total
Florida Region: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Auto loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | - |  | $ | - |  | $ | - |  | $ | 444 |  | $ | 3,358 |  | $ | 1,985 |  | $ | - |  | $ | 5,787 |  | $ | 8,759
|  | Non-Performing |  |  | - |  |  | - |  |  | - |  |  | 7 |  |  | 48 |  |  | 14 |  |  | - |  |  | 69 |  |  | -
|  |  | Total auto loans |  | $ | - |  | $ | - |  | $ | - |  | $ | 451 |  | $ | 3,406 |  | $ | 1,999 |  | $ | - |  | $ | 5,856 |  | $ | 8,759
| Finance leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
|  | Non-Performing |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Total finance leases |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
| Personal loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 298 |  | $ | 72 |  | $ | 16 |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 386 |  | $ | 107
|  | Non-Performing |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Total personal loans |  | $ | 298 |  | $ | 72 |  | $ | 16 |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 386 |  | $ | 107
| Credit cards: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
|  | Non-Performing |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Total credit cards |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
| Other consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 50 |  | $ | 234 |  | $ | 473 |  | $ | - |  | $ | 40 |  | $ | 3,032 |  | $ | 3,014 |  | $ | 6,843 |  | $ | 6,661
|  | Non-Performing |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 23 |  |  | 112 |  |  | 135 |  |  | 133
|  |  | Total other consumer loans |  | $ | 50 |  | $ | 234 |  | $ | 473 |  | $ | - |  | $ | 40 |  | $ | 3,055 |  | $ | 3,126 |  | $ | 6,978 |  | $ | 6,794
| Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 348 |  | $ | 306 |  | $ | 489 |  | $ | 444 |  | $ | 3,398 |  | $ | 5,017 |  | $ | 3,014 |  | $ | 13,016 |  | $ | 15,527
|  | Non-Performing |  |  | - |  |  | - |  |  | - |  |  | 7 |  |  | 48 |  |  | 37 |  |  | 112 |  |  | 204 |  |  | 133
|  |  | Total consumer loans in Florida region |  | $ | 348 |  | $ | 306 |  | $ | 489 |  | $ | 451 |  | $ | 3,446 |  | $ | 5,054 |  | $ | 3,126 |  | $ | 13,220 |  | $ | 15,660
(1) | Excludes accrued interest receivable.
|  | As of June 30, 2022 |  |  |  |  |  |  |  | As of December 31, 2021
|  |  |  |  | Term Loans |  |  |  |  |  |  |
|  |  |  |  | Amortized Cost Basis by Origination Year (1) |  |  |  |  |  |  |
(In thousands) |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Total |  | Total
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Auto loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 379,265 |  | $ | 579,362 |  | $ | 298,766 |  | $ | 250,936 |  | $ | 129,490 |  | $ | 65,494 |  | $ | - |  | $ | 1,703,313 |  | $ | 1,564,856
|  | Non-Performing |  |  | 65 |  |  | 1,170 |  |  | 883 |  |  | 1,817 |  |  | 1,463 |  |  | 1,518 |  |  | - |  |  | 6,916 |  |  | 6,684
|  |  | Total auto loans |  | $ | 379,330 |  | $ | 580,532 |  | $ | 299,649 |  | $ | 252,753 |  | $ | 130,953 |  | $ | 67,012 |  | $ | - |  | $ | 1,710,229 |  | $ | 1,571,540
| Finance leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 140,447 |  | $ | 210,366 |  | $ | 100,710 |  | $ | 96,801 |  | $ | 60,908 |  | $ | 23,502 |  | $ | - |  | $ | 632,734 |  | $ | 574,139
|  | Non-Performing |  |  | - |  |  | 120 |  |  | 166 |  |  | 238 |  |  | 282 |  |  | 241 |  |  | - |  |  | 1,047 |  |  | 866
|  |  | Total finance leases |  | $ | 140,447 |  | $ | 210,486 |  | $ | 100,876 |  | $ | 97,039 |  | $ | 61,190 |  | $ | 23,743 |  | $ | - |  | $ | 633,781 |  | $ | 575,005
| Personal loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 88,091 |  | $ | 71,060 |  | $ | 39,500 |  | $ | 72,802 |  | $ | 32,609 |  | $ | 22,191 |  | $ | - |  | $ | 326,253 |  | $ | 314,974
|  | Non-Performing |  |  | 6 |  |  | 157 |  |  | 107 |  |  | 362 |  |  | 145 |  |  | 116 |  |  | - |  |  | 893 |  |  | 1,208
|  |  | Total personal loans |  | $ | 88,097 |  | $ | 71,217 |  | $ | 39,607 |  | $ | 73,164 |  | $ | 32,754 |  | $ | 22,307 |  | $ | - |  | $ | 327,146 |  | $ | 316,182
| Credit cards: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 297,289 |  | $ | 297,289 |  | $ | 290,226
|  | Non-Performing |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
|  |  | Total credit cards |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 297,289 |  | $ | 297,289 |  | $ | 290,226
| Other consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Accrual Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 44,488 |  | $ | 35,222 |  | $ | 13,036 |  | $ | 17,666 |  | $ | 6,129 |  | $ | 8,714 |  | $ | 11,690 |  | $ | 136,945 |  | $ | 133,395
|  | Non-Performing |  |  | 38 |  |  | 256 |  |  | 113 |  |  | 191 |  |  | 36 |  |  | 574 |  |  | 251 |  |  | 1,459 |  |  | 1,696
|  |  | Total other consumer loans |  | $ | 44,526 |  | $ | 35,478 |  | $ | 13,149 |  | $ | 17,857 |  | $ | 6,165 |  | $ | 9,288 |  | $ | 11,941 |  | $ | 138,404 |  | $ | 135,091
| Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | $ | 652,291 |  | $ | 896,010 |  | $ | 452,012 |  | $ | 438,205 |  | $ | 229,136 |  | $ | 119,901 |  | $ | 308,979 |  | $ | 3,096,534 |  | $ | 2,877,590
|  | Non-Performing |  |  | 109 |  |  | 1,703 |  |  | 1,269 |  |  | 2,608 |  |  | 1,926 |  |  | 2,449 |  |  | 251 |  |  | 10,315 |  |  | 10,454
|  |  | Total consumer loans |  | $ | 652,400 |  | $ | 897,713 |  | $ | 453,281 |  | $ | 440,813 |  | $ | 231,062 |  | $ | 122,350 |  | $ | 309,230 |  | $ | 3,106,849 |  | $ | 2,888,044
(1) | Excludes accrued interest receivable.
Accrued interest receivable on loans totaled $47.1 million as of June 30, 2022 ($48.1 million as of December 31, 2021), was reported as part of accrued interest receivable on loans and investment securities in the consolidated statements of financial condition and is excluded from the estimate of credit losses. The following tables present information about collateral dependent loans that were individually evaluated for purposes of determining the ACL as of June 30, 2022 and December 31, 2021:
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Collateral Dependent Loans - With Allowance |  | Collateral Dependent Loans - With No Related Allowance |  | Collateral Dependent Loans - Total
| Amortized Cost |  | Related Allowance |  | Amortized Cost |  | Amortized Cost |  | Related Allowance
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| FHA/VA government-guaranteed loans | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
| Conventional residential mortgage loans |  | 41,823 |  |  | 3,122 |  |  | 818 |  |  | 42,641 |  |  | 3,122
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Construction loans |  | - |  |  | - |  |  | 1,230 |  |  | 1,230 |  |  | -
| Commercial mortgage loans |  | 11,748 |  |  | 1,707 |  |  | 54,807 |  |  | 66,555 |  |  | 1,707
| C&I loans |  | 17,937 |  |  | 3,029 |  |  | 20,791 |  |  | 38,728 |  |  | 3,029
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Auto loans |  | - |  |  | - |  |  | - |  |  | - |  |  | -
| Finance leases |  | - |  |  | - |  |  | - |  |  | - |  |  | -
| Personal loans |  | 57 |  |  | 1 |  |  | - |  |  | 57 |  |  | 1
| Credit cards |  | - |  |  | - |  |  | - |  |  | - |  |  | -
| Other consumer loans |  | 568 |  |  | 75 |  |  | - |  |  | 568 |  |  | 75
|  | $ | 72,133 |  | $ | 7,934 |  | $ | 77,646 |  | $ | 149,779 |  | $ | 7,934
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Collateral Dependent Loans - With Allowance |  | Collateral Dependent Loans - With No Related Allowance |  | Collateral Dependent Loans - Total
| Amortized Cost |  | Related Allowance |  | Amortized Cost |  | Amortized Cost |  | Related Allowance
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| FHA/VA government-guaranteed loans | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
| Conventional residential mortgage loans |  | 51,771 |  |  | 3,966 |  |  | 781 |  |  | 52,552 |  |  | 3,966
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Construction loans |  | - |  |  | - |  |  | 1,797 |  |  | 1,797 |  |  | -
| Commercial mortgage loans |  | 9,908 |  |  | 1,152 |  |  | 56,361 |  |  | 66,269 |  |  | 1,152
| C&I loans |  | 5,781 |  |  | 670 |  |  | 34,043 |  |  | 39,824 |  |  | 670
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Auto loans |  | - |  |  | - |  |  | - |  |  | - |  |  | -
| Finance leases |  | - |  |  | - |  |  | - |  |  | - |  |  | -
| Personal loans |  | 78 |  |  | 1 |  |  | - |  |  | 78 |  |  | 1
| Credit cards |  | - |  |  | - |  |  | - |  |  | - |  |  | -
| Other consumer loans |  | 782 |  |  | 98 |  |  | - |  |  | 782 |  |  | 98
|  | $ | 68,320 |  | $ | 5,887 |  | $ | 92,982 |  | $ | 161,302 |  | $ | 5,887
The allowance related to collateral dependent loans reported in the tables above includes qualitative adjustments applied to the loan portfolio that consider possible changes in circumstances that could ultimately impact credit losses and might not be reflected in historical data or forecasted data incorporated in the quantitative models. The underlying collateral for residential mortgage and consumer collateral dependent loans consisted of single-family residential properties, and for commercial and construction loans consisted primarily of office buildings, multifamily residential properties, and retail establishments. The weighted-average loan-to-value coverage for collateral dependent loans as of June 30, 2022 was 79%, compared to 78% as of December 31, 2021. There were no significant changes in the extent to which collateral secured the Corporation’s collateral dependent financial assets during the second quarter and first six months of 2022. Purchases and Sales of Loans During the first six months of 2022, the Corporation transferred $79.7 million in residential mortgage loans to GNMA, which packaged the loans into MBS for sale in the secondary market, compared to $105.9 million for the same period in 2021. Also, during the first six months of 2022, the Corporation sold approximately $78.4 million of performing residential mortgage loans to FNMA and FHLMC, compared to sales of $191.4 million during the first six months of 2021. The Corporation’s continuing involvement with the loans that it sells consists primarily of servicing the loans. In addition, the Corporation agrees to repurchase loans if it breaches any of the representations and warranties included in the sale agreement. These representations and warranties are consistent with the GSEs’ selling and servicing guidelines (i.e., ensuring that the mortgage was properly underwritten according to established guidelines). For loans pooled into GNMA MBS, the Corporation, as servicer, holds an option to repurchase individual delinquent loans issued on or after January 1, 2003 when certain delinquency criteria are met. This option gives the Corporation the unilateral ability, but not the obligation, to repurchase the delinquent loans at par without prior authorization from GNMA. Since the Corporation is considered to have regained effective control over the loans, it is required to recognize the loans and a corresponding repurchase liability regardless of its intent to repurchase the loans. As of June 30, 2022 and December 31, 2021, rebooked GNMA delinquent loans that were included in the residential mortgage loan portfolio amounted to $10.8 million and $7.2 million, respectively. During the first six months of 2022 and 2021, the Corporation repurchased, pursuant to the aforementioned repurchase option, $6.2 million and $0.3 million, respectively, of loans previously pooled into GNMA MBS. The principal balance of these loans is fully guaranteed, and the risk of loss related to the repurchased loans is generally limited to the difference between the delinquent interest payment advanced to GNMA, which is computed at the loan’s interest rate, and the interest payments reimbursed by FHA, which are computed at a pre-determined debenture rate. Repurchases of GNMA loans allow the Corporation, among other things, to maintain acceptable delinquency rates on outstanding GNMA pools and remain as a seller and servicer in good standing with GNMA. Loan sales to FNMA and FHLMC are without recourse in relation to the future performance of the loans. The Corporation repurchased at par loans previously sold to FNMA and FHLMC in the amount of $0.2 million and $0.3 million during the first six months of 2022 and 2021, respectively. The Corporation’s risk of loss with respect to these loans is also minimal as these repurchased loans are generally performing loans with documentation deficiencies. During the first six months of 2021, two criticized commercial loan participations totaling $24.0 million were sold. In addition, during the first six months of 2022 and 2021, the Corporation purchased commercial and industrial loans participations in the Florida region totaling $76.4 million and $50.0 million, respectively. Loan Portfolio Concentration The Corporation’s primary lending area is Puerto Rico. The Corporation’s banking subsidiary, FirstBank, also lends in the USVI and BVI markets and in the United States (principally in the state of Florida). Of the total gross loans held for investment portfolio of $11.2 billion as of June 30, 2022, credit risk concentration was approximately 79% in Puerto Rico, 18% in the United States, and 3% in the USVI and BVI. As of June 30, 2022, the Corporation had $171.4 million outstanding in loans extended to the Puerto Rico government, its municipalities and public corporations, compared to $178.4 million as of December 31, 2021. As of June 30, 2022, approximately $99.7 million consisted of loans extended to municipalities in Puerto Rico that are general obligations supported by assigned property tax revenues, and $31.3 million consisted of municipal special obligation bonds. The vast majority of revenues of the municipalities included in the Corporation’s loan portfolio are independent of budgetary subsidies provided by the Puerto Rico central government. These municipalities are required by law to levy special property taxes in such amounts as are required to satisfy the payment of all of their respective general obligation bonds and notes. In addition to loans extended to municipalities, the Corporation’s exposure to the Puerto Rico government as of June 30, 2022 included $11.7 million in loans granted to an affiliate of the Puerto Rico Electric Power Authority (“PREPA”) and $28.7 million in loans to an agency of the Puerto Rico central government. In addition, as of June 30, 2022, the Corporation had $88.5 million in exposure to residential mortgage loans that are guaranteed by the PRHFA, a governmental instrumentality that has been designated as a covered entity under PROMESA, compared to $92.8 million as of December 31, 2021. Residential mortgage loans guaranteed by the PRHFA are secured by the underlying properties and the guarantees serve to cover shortfalls in collateral in the event of a borrower default. The Corporation also has credit exposure to USVI government entities. As of June 30, 2022, the Corporation had $39.5 million in loans to USVI government public corporations, compared to $39.2 million as of December 31, 2021. As of June 30, 2022, all loans were currently performing and up to date on principal and interest payments. Troubled Debt Restructurings The Corporation provides homeownership preservation assistance to its customers through a loss mitigation program. Depending upon the nature of a borrower’s financial condition, restructurings or loan modifications through this program, as well as other restructurings of individual C&I, commercial mortgage, construction, and residential mortgage loans, fit the definition of a TDR. As of June 30, 2022, the Corporation’s total TDR loans held for investment amounted to $394.5 million, of which $345.4 million were in accruing status. See Note 8 – Loans Held for Investment to the consolidated financial statements included in the 2021 Annual Report on Form 10-K, for information on when the Corporation classifies TDR loans as either accrual or nonaccrual loans. The total TDR loans held for investment consisted of $245.4 million of residential mortgage loans, $68.7 million of C&I loans, $65.4 million of commercial mortgage loans, $1.6 million of construction loans, and $13.4 million of consumer loans. As of June 30, 2022, the Corporation included as TDRs $1.9 million of residential mortgage loans that were participating in or had been offered a trial modification, which generally represents a six-month period during which the borrower makes monthly payments under the anticipated modified payment terms prior to a formal modification. TDR loans exclude restructured residential mortgage loans that are government-guaranteed (e.g., FHA/VA loans) totaling $55.1 million as of June 30, 2022, compared with $57.6 million as of December 31, 2021. As of June 30, 2022, the Corporation has committed to lend up to additional $10 thousand on TDR consumer loans. The following tables present TDR loans completed during the quarters and six-month periods ended June 30, 2022 and 2021:
|  |  | Quarter Ended June 30, 2022
| 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) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TDRs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Conventional residential mortgage loans | $ | - |  | $ | 621 |  | $ | - |  | $ | - |  | $ | - |  | $ | 830 |  | $ | 1,451
Construction loans |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Commercial mortgage loans |  | - |  |  | 245 |  |  | 5,178 |  |  | - |  |  | - |  |  | 467 |  |  | 5,890
C&I loans |  | 400 |  |  | - |  |  | - |  |  | 825 |  |  | - |  |  | 1,078 |  |  | 2,303
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Auto loans |  | 667 |  |  | 30 |  |  | 33 |  |  | - |  |  | - |  |  | - |  |  | 730
| Finance leases |  | - |  |  | 123 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 123
| Personal loans |  | 99 |  |  | - |  |  | 8 |  |  | - |  |  | - |  |  | - |  |  | 107
| Credit cards |  | - |  |  | - |  |  | 206 |  |  | - |  |  | - |  |  | - |  |  | 206
| Other consumer loans |  | 50 |  |  | 26 |  |  | - |  |  | 9 |  |  | - |  |  | - |  |  | 85
|  | Total TDRs | $ | 1,216 |  | $ | 1,045 |  | $ | 5,425 |  | $ | 834 |  | $ | - |  | $ | 2,375 |  | $ | 10,895
(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 two or more of the concessions listed in the table. Amounts included in Other that represent a combination of concessions are excluded from the amounts reported in the column for such individual concessions.
|  |  | Six-Month Period Ended June 30, 2022
| 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) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TDRs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Conventional residential mortgage loans | $ | 215 |  | $ | 1,352 |  | $ | 190 |  | $ | - |  | $ | - |  | $ | 2,687 |  | $ | 4,444
Construction loans |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Commercial mortgage loans |  | - |  |  | 245 |  |  | 5,178 |  |  | - |  |  | - |  |  | 467 |  |  | 5,890
C&I loans |  | 400 |  |  | - |  |  | - |  |  | 825 |  |  | - |  |  | 1,083 |  |  | 2,308
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Auto loans |  | 667 |  |  | 30 |  |  | 33 |  |  | - |  |  | - |  |  | 993 |  |  | 1,723
| Finance leases |  | - |  |  | 123 |  |  | - |  |  | - |  |  | - |  |  | 264 |  |  | 387
| Personal loans |  | 99 |  |  | - |  |  | 8 |  |  | - |  |  | - |  |  | 78 |  |  | 185
| Credit cards |  | - |  |  | - |  |  | 395 |  |  | - |  |  | - |  |  | - |  |  | 395
| Other consumer loans |  | 83 |  |  | 132 |  |  | - |  |  | 18 |  |  | - |  |  | - |  |  | 233
|  | Total TDRs | $ | 1,464 |  | $ | 1,882 |  | $ | 5,804 |  | $ | 843 |  | $ | - |  | $ | 5,572 |  | $ | 15,565
(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 two or more of the concessions listed in the table. Amounts included in Other that represent a combination of concessions are excluded from the amounts reported in the column for such individual concessions.
|  |  | Quarter Ended June 30, 2021
| 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) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TDRs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Conventional residential mortgage loans | $ | 20 |  | $ | - |  | $ | 934 |  | $ | - |  | $ | - |  | $ | 577 |  | $ | 1,531
Construction loans |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Commercial mortgage loans |  | - |  |  | - |  |  | 90 |  |  | - |  |  | - |  |  | 442 |  |  | 532
C&I loans |  | - |  |  | 300 |  |  | - |  |  | - |  |  | - |  |  | 171 |  |  | 471
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Auto loans |  | 24 |  |  | - |  |  | 27 |  |  | - |  |  | - |  |  | 575 |  |  | 626
| Finance leases |  | - |  |  | 49 |  |  | - |  |  | - |  |  | - |  |  | 124 |  |  | 173
| Personal loans |  | - |  |  | 15 |  |  | 31 |  |  | - |  |  | - |  |  | 161 |  |  | 207
| Credit cards |  | - |  |  | - |  |  | 530 |  |  | - |  |  | - |  |  | - |  |  | 530
| Other consumer loans |  | 12 |  |  | 12 |  |  | - |  |  | 25 |  |  | - |  |  | - |  |  | 49
|  | Total TDRs | $ | 56 |  | $ | 376 |  | $ | 1,612 |  | $ | 25 |  | $ | - |  | $ | 2,050 |  | $ | 4,119
(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 two or more of the concessions listed in the table. Amounts included in Other that represent a combination of concessions are excluded from the amounts reported in the column for such individual concessions.
|  |  | Six-Month Period Ended June 30, 2021
| 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) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TDRs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Conventional residential mortgage loans | $ | 20 |  | $ | - |  | $ | 1,513 |  | $ | - |  | $ | - |  | $ | 1,264 |  | $ | 2,797
Construction loans |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Commercial mortgage loans |  | - |  |  | - |  |  | 255 |  |  | - |  |  | - |  |  | 442 |  |  | 697
C&I loans |  | - |  |  | 300 |  |  | - |  |  | - |  |  | - |  |  | 171 |  |  | 471
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Auto loans |  | 24 |  |  | - |  |  | 27 |  |  | - |  |  | - |  |  | 1,390 |  |  | 1,441
| Finance leases |  | - |  |  | 49 |  |  | - |  |  | - |  |  | - |  |  | 312 |  |  | 361
| Personal loans |  | - |  |  | 15 |  |  | 31 |  |  | - |  |  | - |  |  | 187 |  |  | 233
| Credit cards |  | - |  |  | - |  |  | 964 |  |  | - |  |  | - |  |  | - |  |  | 964
| Other consumer loans |  | 28 |  |  | 40 |  |  | - |  |  | 46 |  |  | - |  |  | 60 |  |  | 174
|  | Total TDRs | $ | 72 |  | $ | 404 |  | $ | 2,790 |  | $ | 46 |  | $ | - |  | $ | 3,826 |  | $ | 7,138
(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 two or more of the concessions listed in the table. Amounts included in Other that represent a combination of concessions are excluded from the amounts reported in the column for such individual concessions.
|  |  | Quarter Ended June 30, 2022 |  | Quarter Ended June 30, 2021
| Number of contracts |  | Pre-modification Amortized Cost |  | Post-modification Amortized Cost |  | Number of contracts |  | Pre-modification Amortized Cost |  | Post-modification Amortized Cost
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TDRs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Conventional residential mortgage loans | 14 |  | $ | 1,452 |  | $ | 1,451 |  | 14 |  | $ | 1,531 |  | $ | 1,531
Construction loans | - |  |  | - |  |  | - |  | - |  |  | - |  |  | -
Commercial mortgage loans | 3 |  |  | 5,897 |  |  | 5,890 |  | 2 |  |  | 493 |  |  | 532
C&I loans | 11 |  |  | 2,531 |  |  | 2,303 |  | 2 |  |  | 594 |  |  | 471
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Auto loans | 37 |  |  | 727 |  |  | 730 |  | 34 |  |  | 622 |  |  | 626
| Finance leases | 8 |  |  | 123 |  |  | 123 |  | 10 |  |  | 171 |  |  | 173
| Personal loans | 7 |  |  | 107 |  |  | 107 |  | 17 |  |  | 201 |  |  | 207
| Credit Cards | 45 |  |  | 206 |  |  | 206 |  | 98 |  |  | 530 |  |  | 530
| Other consumer loans | 21 |  |  | 82 |  |  | 85 |  | 11 |  |  | 49 |  |  | 49
|  | Total TDRs | 146 |  | $ | 11,125 |  | $ | 10,895 |  | 188 |  | $ | 4,191 |  | $ | 4,119
|  |  | Six-Month Period Ended June 30, 2022 |  | Six-Month Period Ended June 30, 2021
| Number of contracts |  | Pre-modification Amortized Cost |  | Post-modification Amortized Cost |  | Number of contracts |  | Pre-modification Amortized Cost |  | Post-modification Amortized Cost
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TDRs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Conventional residential mortgage loans | 37 |  | $ | 4,448 |  | $ | 4,444 |  | 25 |  | $ | 2,898 |  | $ | 2,797
Construction loans | - |  |  | - |  |  | - |  | - |  |  | - |  |  | -
Commercial mortgage loans | 3 |  |  | 5,897 |  |  | 5,890 |  | 4 |  |  | 658 |  |  | 697
C&I loans | 12 |  |  | 2,536 |  |  | 2,308 |  | 2 |  |  | 594 |  |  | 471
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Auto loans | 88 |  |  | 1,722 |  |  | 1,723 |  | 79 |  |  | 1,440 |  |  | 1,441
| Finance leases | 21 |  |  | 387 |  |  | 387 |  | 23 |  |  | 360 |  |  | 361
| Personal loans | 12 |  |  | 185 |  |  | 185 |  | 23 |  |  | 227 |  |  | 233
| Credit Cards | 89 |  |  | 395 |  |  | 395 |  | 163 |  |  | 964 |  |  | 964
| Other consumer loans | 48 |  |  | 228 |  |  | 233 |  | 41 |  |  | 174 |  |  | 174
|  | Total TDRs | 310 |  | $ | 15,798 |  | $ | 15,565 |  | 360 |  | $ | 7,315 |  | $ | 7,138
Loan modifications considered TDR loans that defaulted (failure by the borrower to make payments of either principal, interest, or both for a period of 90 days or more) during the quarters and six-month periods ended June 30, 2022 and 2021, and had become TDR loans during the 12-months preceding the default date, were as follows:
|  |  | Quarter Ended June 30, 2022 |  | Quarter Ended June 30, 2021
| Number of contracts |  | Amortized Cost |  | Number of contracts |  | Amortized Cost
(Dollars in thousands) |  |  |  |  |  |  |  |  |
Conventional residential mortgage loans | 1 |  | $ | 95 |  | - |  | $ | -
Construction loans | - |  |  | - |  | - |  |  | -
Commercial mortgage loans | - |  |  | - |  | - |  |  | -
C&I loans | - |  |  | - |  | - |  |  | -
Consumer loans: |  |  |  |  |  |  |  |  |
| Auto loans | 20 |  |  | 376 |  | 17 |  |  | 174
| Finance leases | - |  |  | - |  | - |  |  | -
| Personal loans | - |  |  | - |  | - |  |  | -
| Credit cards | 14 |  |  | 62 |  | 11 |  |  | 86
| Other consumer loans | 2 |  |  | 6 |  | 2 |  |  | 3
|  | Total | 37 |  | $ | 539 |  | 30 |  | $ | 263
|  |  | Six-Month Period Ended June 30, 2022 |  | Six-Month Period Ended June 30, 2021
| Number of contracts |  | Amortized Cost |  | Number of contracts |  | Amortized Cost
(Dollars in thousands) |  |  |  |  |  |  |  |  |
Conventional residential mortgage loans | 4 |  | $ | 484 |  | 2 |  | $ | 178
Construction loans | - |  |  | - |  | - |  |  | -
Commercial mortgage loans | - |  |  | - |  | - |  |  | -
C&I loans | - |  |  | - |  | - |  |  | -
Consumer loans: |  |  |  |  |  |  |  |  |
| Auto loans | 44 |  |  | 898 |  | 46 |  |  | 731
| Finance leases | 1 |  |  | 16 |  | - |  |  | -
| Personal loans | - |  |  | - |  | - |  |  | -
| Credit cards | 25 |  |  | 141 |  | 12 |  |  | 93
| Other consumer loans | 4 |  |  | 17 |  | 9 |  |  | 36
|  | Total | 78 |  | $ | 1,556 |  | 69 |  | $ | 1,038

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