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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables) | 12 Months Ended
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Dec. 31, 2022
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract] |
Disaggregation of Revenue [Table Text Block] | Year ended December 31, 2022: Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 98,920 $ 442,624 $ 109,822 $ 39,600 $ 80,485 $ 23,842 $ 795,293 Service charges and fees on deposit accounts - 21,906 12,412 - 607 2,898 37,823 Insurance commissions - 12,733 - - 15 995 13,743 Merchant-related income - 6,622 1,483 - 74 1,335 9,514 Credit and debit card fees - 29,061 85 - (7) 1,763 30,902 Other service charges and fees 341 4,558 3,397 - 2,113 684 11,093 Not in scope of ASC Topic 606 (1) 15,609 3,577 812 (74) 58 35 20,017 Total non-interest income 15,950 78,457 18,189 (74) 2,860 7,710 123,092 Total Revenue $ 114,870 $ 521,081 $ 128,011 $ 39,526 $ 83,345 $ 31,552 $ 918,385 Year ended December 31, 2021: Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 104,638 $ 281,703 $ 191,917 $ 59,331 $ 65,967 $ 26,373 $ 729,929 Service charges and fees on deposit accounts - 20,083 11,807 - 555 2,839 35,284 Insurance commissions - 11,166 - - 114 665 11,945 Merchant-related income - 6,279 1,079 - 51 1,055 8,464 Credit and debit card fees - 26,360 83 - 19 1,602 28,064 Other service charges and fees 771 4,185 2,640 - 1,825 556 9,977 Not in scope of ASC Topic 606 (1) 23,507 1,701 423 227 1,399 173 27,430 Total non-interest income 24,278 69,774 16,032 227 3,963 6,890 121,164 Total Revenue $ 128,916 $ 351,477 $ 207,949 $ 59,558 $ 69,930 $ 33,263 $ 851,093 Year ended December 31, 2020: Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 76,025 $ 220,678 $ 135,591 $ 87,879 $ 54,025 $ 26,124 $ 600,322 Service charges and fees on deposit accounts - 13,286 8,026 - 553 2,747 24,612 Insurance commissions - 8,754 - - 52 558 9,364 Merchant-related income - 4,516 478 - 41 809 5,844 Credit and debit card fees - 18,218 62 - 16 1,469 19,765 Other service charges and fees 342 2,900 2,260 184 1,800 1,508 8,994 Not in scope of ASC Topic 606 (1) (2) 21,727 3,288 1,780 13,524 2,168 160 42,647 Total non-interest income 22,069 50,962 12,606 13,708 4,630 7,251 111,226 Total Revenue $ 98,094 $ 271,640 $ 148,197 $ 101,587 $ 58,655 $ 33,375 $ 711,548 (1) Most of the Corporation’s revenue is not within the scope of ASC Topic 606. The guidance explicitly excludes net interest income from financial assets and liabilities, as well as other non-interest income from loans, leases, investment securities and derivative financial instruments. (2) For the year ended December 31, 2020, includes a $ 5.0 million benefit resulting from the final settlement of the Corporation’s business interruption insurance claim related to lost profits caused by Hurricanes Irma and Maria in 2017. This insurance recovery is presented as part of other non-interest income in the consolidated statements of income.
Activity of Contract Liabilities [Table Text Block] | 2022 2021 2020 (In thousands) Beginning Balance $ 1,443 $ 2,151 $ 2,476 Less: Revenue recognized (602) (708) (325) Ending balance $ 841 $ 1,443 $ 2,151

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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