XML 63 R51.htm IDEA: XBRL DOCUMENT v3.22.2.2
SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 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 September 30, 2022:
Interest income
$
32,349
$
77,576
$
53,506
$
28,203
$
24,804
$
6,245
$
222,683
Net (charge) credit for transfer of funds
(8,011)
47,577
(30,645)
(8,447)
(474)
-
-
Interest expense
-
(6,745)
-
(4,929)
(2,836)
(263)
(14,773)
Net interest income
 
24,338
118,408
22,861
14,827
21,494
5,982
207,910
Provision for credit losses - expense (benefit)
 
2,092
16,705
(3,519)
(12)
(624)
1,141
15,783
Non-interest income (loss)
3,733
19,121
4,276
33
773
1,757
29,693
Direct non-interest expenses
6,489
42,080
9,295
942
8,479
7,097
74,382
Segment income (loss)
$
19,490
$
78,744
$
21,361
$
13,930
$
14,412
$
(499)
$
147,438
Average earnings assets
$
2,211,675
$
2,974,894
$
3,622,907
$
7,095,503
$
2,040,656
$
365,743
$
18,311,378
(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 expense - (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
Nine-Month Period Ended September 30, 2022
Interest income
$
98,625
$
221,500
$
148,046
$
77,530
$
64,742
$
18,719
$
629,162
Net (charge) credit for transfer of funds
(22,173)
105,898
(53,391)
(29,101)
(1,233)
-
-
Interest expense
-
(17,047)
-
(14,727)
(6,845)
(823)
(39,442)
Net interest income
 
76,452
310,351
94,655
33,702
56,664
17,896
589,720
Provision for credit losses - (benefit) expense
(5,216)
42,904
(20,611)
(435)
(5,849)
1,191
11,984
Non-interest income (loss)
13,152
59,367
13,278
(130)
2,195
5,630
93,492
Direct non-interest expenses
19,076
121,897
27,202
2,732
25,195
20,835
216,937
Segment income
$
75,744
$
204,917
$
101,342
$
31,275
$
39,513
$
1,500
$
454,291
Average earnings assets
$
2,249,203
$
2,865,610
$
3,654,906
$
7,642,121
$
2,047,375
$
371,468
$
18,830,683
(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
Reconciliation of the Reportable Segment Financial Information [Table Text Block]
Quarter Ended
Nine-Month Period Ended
September 30,
September 30,
2022
2021
2022
2021
(In thousands)
Net income:
 
Total income
 
for segments
$
147,438
$
155,667
$
454,291
$
464,794
Other operating expenses (1)
40,807
42,932
113,237
152,237
Income before income taxes
106,631
112,735
 
341,054
312,557
Income tax expense
32,028
37,057
109,156
105,171
Total consolidated
 
net income
$
74,603
$
75,678
$
231,898
$
207,386
Average assets:
Total average
 
earning assets for segments
 
$
18,311,378
$
20,047,397
$
18,830,683
$
19,014,027
Average non-earning
 
assets
 
835,740
1,024,385
873,911
1,105,223
Total consolidated
 
average assets
$
19,147,118
$
21,071,782
$
19,704,594
$
20,119,250
(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.