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v3.22.2

SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information By Segment [Text Block] |
(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 June 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income | $ | 33,205 |  | $ | 73,487 |  | $ | 47,513 |  | $ | 27,143 |  | $ | 21,081 |  | $ | 6,196 |  | $ | 208,625
Net (charge) credit for transfer of funds |  | (6,870) |  |  | 34,039 |  |  | (16,134) |  |  | (10,705) |  |  | (330) |  |  | - |  |  | -
Interest expense |  | - |  |  | (5,129) |  |  | - |  |  | (4,972) |  |  | (2,063) |  |  | (275) |  |  | (12,439)
Net interest income |  | 26,335 |  |  | 102,397 |  |  | 31,379 |  |  | 11,466 |  |  | 18,688 |  |  | 5,921 |  |  | 196,186
Provision for credit losses - (benefit) expense |  | (3,605) |  |  | 15,055 |  |  | (470) |  |  | (35) |  |  | (1,678) |  |  | 736 |  |  | 10,003
Non-interest income (loss) |  | 4,167 |  |  | 19,783 |  |  | 4,448 |  |  | (51) |  |  | 678 |  |  | 1,916 |  |  | 30,941
Direct non-interest expenses |  | 5,681 |  |  | 40,546 |  |  | 9,048 |  |  | 905 |  |  | 8,237 |  |  | 6,765 |  |  | 71,182
| Segment income | $ | 28,426 |  | $ | 66,579 |  | $ | 27,249 |  | $ | 10,545 |  | $ | 12,807 |  | $ | 336 |  | $ | 145,942
Average earnings assets | $ | 2,243,188 |  | $ | 2,860,086 |  | $ | 3,624,176 |  | $ | 7,769,754 |  | $ | 2,036,108 |  | $ | 370,590 |  | $ | 18,903,902
(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 June 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income | $ | 36,945 |  | $ | 66,237 |  | $ | 53,833 |  | $ | 16,708 |  | $ | 20,651 |  | $ | 7,085 |  | $ | 201,459
Net (charge) credit for transfer of funds |  | (10,614) |  |  | 5,901 |  |  | (2,335) |  |  | 8,191 |  |  | (1,143) |  |  | - |  |  | -
Interest expense |  | - |  |  | (7,387) |  |  | - |  |  | (5,860) |  |  | (3,102) |  |  | (327) |  |  | (16,676)
Net interest income |  | 26,331 |  |  | 64,751 |  |  | 51,498 |  |  | 19,039 |  |  | 16,406 |  |  | 6,758 |  |  | 184,783
Provision for credit losses expense - expense (benefit) |  | 1,030 |  |  | 791 |  |  | (27,752) |  |  | - |  |  | 860 |  |  | (1,084) |  |  | (26,155)
Non-interest income |  | 6,137 |  |  | 16,726 |  |  | 4,139 |  |  | 85 |  |  | 1,068 |  |  | 1,729 |  |  | 29,884
Direct non-interest expenses |  | 7,525 |  |  | 43,255 |  |  | 8,298 |  |  | 1,127 |  |  | 9,103 |  |  | 7,301 |  |  | 76,609
| Segment income | $ | 23,913 |  | $ | 37,431 |  | $ | 75,091 |  | $ | 17,997 |  | $ | 7,511 |  | $ | 2,270 |  | $ | 164,213
Average earnings assets | $ | 2,563,768 |  | $ | 2,491,583 |  | $ | 3,888,725 |  | $ | 7,588,530 |  | $ | 2,103,002 |  | $ | 438,928 |  | $ | 19,074,536
(In thousands) | Mortgage Banking |  | Consumer (Retail) Banking |  | Commercial and Corporate Banking |  | Treasury and Investments |  | United States Operations |  | Virgin Islands Operations |  | Total
Six-Month Period Ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income | $ | 66,276 |  | $ | 143,924 |  | $ | 94,540 |  | $ | 49,327 |  | $ | 39,938 |  | $ | 12,474 |  | $ | 406,479
Net (charge) credit for transfer of funds |  | (14,162) |  |  | 58,321 |  |  | (22,746) |  |  | (20,654) |  |  | (759) |  |  | - |  |  | -
Interest expense |  | - |  |  | (10,302) |  |  | - |  |  | (9,798) |  |  | (4,009) |  |  | (560) |  |  | (24,669)
Net interest income |  | 52,114 |  |  | 191,943 |  |  | 71,794 |  |  | 18,875 |  |  | 35,170 |  |  | 11,914 |  |  | 381,810
Provision for credit losses - (benefit) expense |  | (7,308) |  |  | 26,199 |  |  | (17,092) |  |  | (423) |  |  | (5,225) |  |  | 50 |  |  | (3,799)
Non-interest income (loss) |  | 9,419 |  |  | 40,246 |  |  | 9,002 |  |  | (163) |  |  | 1,422 |  |  | 3,873 |  |  | 63,799
Direct non-interest expenses |  | 12,587 |  |  | 79,817 |  |  | 17,907 |  |  | 1,790 |  |  | 16,716 |  |  | 13,738 |  |  | 142,555
| Segment income | $ | 56,254 |  | $ | 126,173 |  | $ | 79,981 |  | $ | 17,345 |  | $ | 25,101 |  | $ | 1,999 |  | $ | 306,853
Average earnings assets | $ | 2,268,279 |  | $ | 2,810,062 |  | $ | 3,662,720 |  | $ | 7,931,699 |  | $ | 2,050,791 |  | $ | 374,358 |  | $ | 19,097,909
(In thousands) | Mortgage Banking |  | Consumer (Retail) Banking |  | Commercial and Corporate Banking |  | Treasury and Investments |  | United States Operations |  | Virgin Islands Operations |  | Total
Six-Month Period Ended June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income | $ | 74,005 |  | $ | 131,970 |  | $ | 105,291 |  | $ | 29,470 |  | $ | 40,983 |  | $ | 14,382 |  | $ | 396,101
Net (charge) credit for transfer of funds |  | (22,434) |  |  | 6,956 |  |  | (4,812) |  |  | 23,125 |  |  | (2,835) |  |  | - |  |  | -
Interest expense |  | - |  |  | (15,692) |  |  | - |  |  | (11,973) |  |  | (6,719) |  |  | (669) |  |  | (35,053)
Net interest income |  | 51,571 |  |  | 123,234 |  |  | 100,479 |  |  | 40,622 |  |  | 31,429 |  |  | 13,713 |  |  | 361,048
Provision for credit losses - expense (benefit) |  | 244 |  |  | 4,753 |  |  | (44,931) |  |  | (127) |  |  | 623 |  |  | (1,969) |  |  | (41,407)
Non-interest income |  | 13,253 |  |  | 33,969 |  |  | 8,036 |  |  | 141 |  |  | 2,043 |  |  | 3,398 |  |  | 60,840
Direct non-interest expenses |  | 15,522 |  |  | 84,346 |  |  | 19,836 |  |  | 2,361 |  |  | 17,397 |  |  | 14,706 |  |  | 154,168
| Segment income | $ | 49,058 |  | $ | 68,104 |  | $ | 133,610 |  | $ | 38,529 |  | $ | 15,452 |  | $ | 4,374 |  | $ | 309,127
Average earnings assets | $ | 2,611,065 |  | $ | 2,467,015 |  | $ | 3,957,859 |  | $ | 6,921,007 |  | $ | 2,090,898 |  | $ | 444,201 |  | $ | 18,492,045
Reconciliation of the Reportable Segment Financial Information [Table Text Block] |
|  |  | Quarter Ended |  | Six-Month Period Ended
|  |  | June 30, |  | June 30,
|  |  | 2022 |  | 2021 |  | 2022 |  | 2021
(In thousands) |  |  |  |  |  |  |  |  |  |  |
Net income: |  |  |  |  |  |  |  |  |  |  |
| Total income for segments | $ | 145,942 |  | $ | 164,213 |  | $ | 306,853 |  | $ | 309,127
| Other operating expenses (1) |  | 37,144 |  |  | 53,563 |  |  | 72,430 |  |  | 109,305
| Income before income taxes |  | 108,798 |  |  | 110,650 |  |  | 234,423 |  |  | 199,822
| Income tax expense |  | 34,103 |  |  | 40,092 |  |  | 77,128 |  |  | 68,114
|  | Total consolidated net income | $ | 74,695 |  | $ | 70,558 |  | $ | 157,295 |  | $ | 131,708
Average assets: |  |  |  |  |  |  |  |  |  |  |
| Total average earning assets for segments | $ | 18,903,902 |  | $ | 19,074,536 |  | $ | 19,097,909 |  | $ | 18,492,045
| Average non-earning assets |  | 820,924 |  |  | 1,109,941 |  |  | 890,043 |  |  | 1,146,337
|  | Total consolidated average assets | $ | 19,724,826 |  | $ | 20,184,477 |  | $ | 19,987,952 |  | $ | 19,638,382
(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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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