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ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES (Tables) | 9 Months Ended
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Sep. 30, 2022
Allowance for Credit Loss [Abstract] |
Allowance For Credit Losses On Financing Receivables Table [Text Block] | The following tables present the activity in the ACL for loans and finance leases by portfolio segment for the indicated periods: Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Quarter Ended September 30, 2022 (In thousands) ACL: Beginning balance $ 65,231 $ 2,020 $ 32,619 $ 36,203 $ 116,079 $ 252,152 Provision for credit losses - expense (benefit) 755 (179) (2,383) (1,228) 17,387 14,352 Charge-offs (1,466) (63) (3) (8) (12,522) (14,062) Recoveries 559 43 57 494 4,264 5,417 Ending balance $ 65,079 $ 1,821 $ 30,290 $ 35,461 $ 125,208 $ 257,859 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Nine-Month Period Ended September 30, 2022 (In thousands) ACL: Beginning balance $ 74,837 $ 4,048 $ 52,771 $ 34,284 $ 103,090 $ 269,030 Provision for credit losses - (benefit) expense (6,913) (2,242) (23,758) (575) 43,516 10,028 Charge-offs (6,073) (123) (42) (366) (32,765) (39,369) Recoveries 3,228 138 1,319 2,118 11,367 18,170 Ending balance $ 65,079 $ 1,821 $ 30,290 $ 35,461 $ 125,208 $ 257,859 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial & Industrial Loans Consumer Loans Total Quarter Ended September 30, 2021 (In thousands) ACL: Beginning balance $ 112,882 $ 4,757 $ 72,452 $ 37,470 $ 97,397 $ 324,958 Provision for credit losses - (benefit) expense (6,206) 527 (4,660) (4,449) 6,054 (8,734) Charge-offs (25,418) (7) (429) (167) (8,345) (34,366) Recoveries 1,968 42 43 494 3,955 6,502 Ending balance $ 83,226 $ 5,319 $ 67,406 $ 33,348 $ 99,061 $ 288,360 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial & Industrial Loans Consumer Loans Total Nine-Month Period Ended September 30, 2021 (In thousands) ACL: Beginning balance $ 120,311 $ 5,380 $ 109,342 $ 37,944 $ 112,910 $ 385,887 Provision for credit losses - (benefit) expense (9,556) (125) (40,779) (10,187) 11,168 (49,479) Charge-offs (31,170) (52) (1,304) (1,036) (34,904) (68,466) Recoveries 3,641 116 147 6,627 9,887 20,418 Ending balance $ 83,226 $ 5,319 $ 67,406 $ 33,348 $ 99,061 $ 288,360 The tables below present the ACL related to loans and finance leases and the carrying value of loans by portfolio segment as of September 30, 2022 and December 31, 2021: Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans (1) Consumer Loans Total As of September 30, 2022 (Dollars in thousands) Total loans held for investment: Amortized cost of loans $ 2,830,974 $ 123,994 $ 2,265,614 $ 2,858,286 $ 3,219,750 $ 11,298,618 Allowance for credit losses 65,079 1,821 30,290 35,461 125,208 257,859 Allowance for credit losses to amortized cost 2.30 % 1.47 % 1.34 % 1.24 % 3.89 % 2.28 % As of December 31, 2021 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans (1) Consumer Loans Total (Dollars in thousands) Total loans held for investment: Amortized cost of loans $ 2,978,895 $ 138,999 $ 2,167,469 $ 2,887,251 $ 2,888,044 11,060,658 Allowance for credit losses 74,837 4,048 52,771 34,284 103,090 269,030 Allowance for credit losses to amortized cost 2.51 % 2.91 % 2.43 % 1.19 % 3.57 % 2.43 % (1) As of September 30, 2022 and December 31, 2021, includes $ 17.9 million and $ 145.0 million of SBA PPP loans, respectively, which require no ACL as these loans are 100% guaranteed by the SBA. Quarter Ended Nine-Month Period Ended September 30, September 30, 2022 2021 2022 2021 (In thousands) Beginning Balance $ 2,171 $ 2,730 $ 1,537 $ 5,105 Provision for credit losses - expense (benefit) 2,071 (971) 2,705 (3,346) Ending balance $ 4,242 $ 1,759 $ 4,242 $ 1,759

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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