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PREMISES AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2022
PREMISES AND EQUIPMENT [Abstract] |
PREMISES AND EQUIPMENT [Text Block] | NOTE 6 – PREMISES AND EQUIPMENT Premises and equipment comprise: Useful Life Range In Years As of December 31, Minimum Maximum 2022 2021 (Dollars in thousands) Buildings and improvements 10 35 $ 135,802 $ 138,524 Leasehold improvements 1 10 76,390 79,419 Furniture, equipment and software 2 10 155,567 148,171 367,759 366,114 Accumulated depreciation and amortization (264,233) (251,659) 103,526 114,455 Land 24,485 23,873 Projects in progress 14,924 8,089 Total premises and equipment, net $ 142,935 $ 146,417 Depreciation and amortization expense amounted to $ 22.3 million, $ 25.0 million, and $ 20.1 million for the years ended December 31, 2022, 2021, and 2020, respectively. During the year ended December 31, 2021, the Corporation received insurance proceeds of $ 0.6 million related to the settlement and collection of an insurance claim associated with a damaged property. This amount is included as part of other non-interest income in the consolidated statements of income. During the year ended December 31, 2020, the Corporation received insurance proceeds of $ 5.0 million resulting from the final settlement of the business interruption insurance claim related to lost profits caused by Hurricanes Irma and Maria. This amount is included as part of other non-interest income in the consolidated statements of income. In addition, during 2020, the Corporation received insurance proceeds of $ 1.2 million related to hurricane-related expenses claims recorded as a contra-account of non-interest expenses, primarily consisting of occupancy and equipment costs. See Note 25 - Fair Value for information on write-downs recorded on long-lived assets held for sale as of December 31, 2022. Also, see Note 20 – Other Non-Interest Income for gains on sales of fixed assets recognized during the years ended December 31, 2022, 2021, and 2020.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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