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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2022
SEGMENT INFORMATION [Abstract] |
Schedule Of Segment Reporting Information By Segment [Text Block] | The following tables present information about the reportable segments for the indicated periods: Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) For the year ended December 31, 2022: Interest income $ 130,185 $ 302,631 $ 205,888 $ 104,215 $ 94,782 $ 24,913 $ 862,614 Net (charge) credit for transfer of funds (31,265) 173,917 (96,066) (43,838) (2,748) - - Interest expense - (33,924) - (20,777) (11,549) (1,071) (67,321) Net interest income 98,920 442,624 109,822 39,600 80,485 23,842 795,293 Provision for credit losses - (benefit) expense (7,643) 57,123 (20,241) (434) (3,073) 1,964 27,696 Non-interest income (loss) 15,950 78,457 18,189 (74) 2,860 7,710 123,092 Direct non-interest expenses 23,049 162,663 37,131 3,702 33,365 27,911 287,821 Segment income $ 99,464 $ 301,295 $ 111,121 $ 36,258 $ 53,053 $ 1,677 $ 602,868 Average earnings assets $ 2,233,245 $ 2,918,800 $ 3,626,107 $ 7,300,208 $ 2,069,030 $ 369,504 $ 18,516,894 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) For the year ended December 31, 2021: Interest income $ 144,203 $ 271,127 $ 201,684 $ 67,841 $ 82,194 $ 27,659 $ 794,708 Net (charge) credit for transfer of funds (39,565) 38,859 (9,767) 14,687 (4,214) - - Interest expense - (28,283) - (23,197) (12,013) (1,286) (64,779) Net interest income 104,638 281,703 191,917 59,331 65,967 26,373 729,929 Provision for credit losses - (benefit) expense (16,030) 20,322 (67,544) (136) (975) (1,335) (65,698) Non-interest income 24,278 69,774 16,032 227 3,963 6,890 121,164 Direct non-interest expenses 29,125 165,357 36,219 4,093 33,902 28,084 296,780 Segment income $ 115,821 $ 165,798 $ 239,274 $ 55,601 $ 37,003 $ 6,514 $ 620,011 Average earnings assets $ 2,506,365 $ 2,551,278 $ 3,793,945 $ 7,827,326 $ 2,126,528 $ 430,499 $ 19,235,941 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) For the year ended December 31, 2020: Interest income $ 128,043 $ 240,725 $ 155,254 $ 55,003 $ 84,169 $ 29,788 $ 692,982 Net (charge) credit for transfer of funds (52,018) 18,771 (19,663) 59,074 (6,164) - - Interest expense - (38,818) - (26,198) (23,980) (3,664) (92,660) Net interest income 76,025 220,678 135,591 87,879 54,025 26,124 600,322 Provision for credit losses - expense 22,518 54,094 74,607 2,774 12,592 4,400 170,985 Non-interest income 22,069 50,962 12,606 13,708 4,630 7,251 111,226 Direct non-interest expenses 33,054 131,133 28,631 3,449 33,782 28,815 258,864 Segment income $ 42,522 $ 86,413 $ 44,959 $ 95,364 $ 12,281 $ 160 $ 281,699 Average earnings assets $ 2,241,753 $ 2,202,595 $ 3,039,786 $ 4,232,144 $ 2,026,619 $ 458,608 $ 14,201,505
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: Year Ended December 31, 2022 2021 2020 (In thousands) Net income: Total income for segments $ 602,868 $ 620,011 $ 281,699 Other operating expenses (1) 155,284 192,194 165,376 Income before income taxes 447,584 427,817 116,323 Income tax expense 142,512 146,792 14,050 Total consolidated net income $ 305,072 $ 281,025 $ 102,273 Average assets: Total average earning assets for segments $ 18,516,894 $ 19,235,941 $ 14,201,505 Average non-earning assets 861,755 1,067,092 1,031,141 Total consolidated average assets $ 19,378,649 $ 20,303,033 $ 15,232,646 (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.
Schedule of revenues and selected balance sheet data by geography [Table Text Block] | The following table presents revenues (interest income plus non-interest income) and selected balance sheet data by geography based on the location in which the transaction was originated as of indicated dates: 2022 2021 2020 (In thousands) Revenues: Puerto Rico $ 855,441 $ 795,166 $ 678,370 United States 97,642 86,157 88,799 Virgin Islands 32,623 34,549 37,039 Total consolidated revenues $ 985,706 $ 915,872 $ 804,208 Selected Balance Sheet Information: Total assets: Puerto Rico $ 16,020,987 $ 18,175,910 $ 16,091,112 United States 2,213,333 2,189,440 2,117,966 Virgin Islands 400,164 419,925 583,993 Loans: Puerto Rico $ 9,097,013 $ 8,755,434 $ 9,367,032 United States 2,088,351 1,948,716 1,993,797 Virgin Islands 379,767 391,663 466,749 Deposits: Puerto Rico (1) $ 12,933,570 $ 14,113,874 $ 12,338,934 United States (2) 1,623,725 1,928,749 1,622,481 Virgin Islands 1,586,172 1,742,271 1,355,968 (1) For 2022, 2021, and 2020, includes $ 1.4 million, $ 34.2 million, and $ 109.0 million, respectively, of brokered CDs allocated to Puerto Rico operations. (2) For 2022, 2021, and 2020 includes $ 104.4 million, $ 66.2 million, and $ 107.1 million, respectively, of brokered CDs allocated to United States operations.

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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