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LOANS HELD FOR INVESTMENT (Tables) | 3 Months Ended
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Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Loan Portfolio Held for Investment [Table Text Block] | The following table provides information about the loan portfolio held for investment by portfolio segment and disaggregated by geographic locations as of the indicated dates: As of March 31, As of December 31, 2023 2022 (In thousands) Puerto Rico and Virgin Islands region: Residential mortgage loans, mainly secured by first mortgages $ 2,381,782 $ 2,417,900 Construction loans 48,195 34,772 Commercial mortgage loans 1,829,173 1,834,204 Commercial and Industrial ("C&I") loans 1,941,228 1,860,109 Consumer loans 3,398,245 3,317,489 Loans held for investment $ 9,598,623 $ 9,464,474 Florida region: Residential mortgage loans, mainly secured by first mortgages $ 429,746 $ 429,390 Construction loans 95,469 98,181 Commercial mortgage loans 524,486 524,647 C&I loans 920,961 1,026,154 Consumer loans 8,700 9,979 Loans held for investment $ 1,979,362 $ 2,088,351 Total: Residential mortgage loans, mainly secured by first mortgages $ 2,811,528 $ 2,847,290 Construction loans 143,664 132,953 Commercial mortgage loans 2,353,659 2,358,851 C&I loans (1) 2,862,189 2,886,263 Consumer loans 3,406,945 3,327,468 Loans held for investment (2) 11,577,985 11,552,825 ACL on loans and finance leases (265,567) (260,464) Loans held for investment, net $ 11,312,418 $ 11,292,361 (1) As of March 31, 2023 and December 31, 2022, includes $ 837.8 million and $ 838.5 million, respectively, of commercial loans that were secured by real estate and the primary source of repayment at origination was not dependent upon the real estate. (2) Includes accretable fair value net purchase discounts of $ 28.3 million and $ 29.3 million as of March 31, 2023 and December 31, 2022, respectively.
Corporation's Aging of Loans Held for Investment Portfolio [Table Text Block] | The Corporation’s aging of the loan portfolio held for investment, as well as information about nonaccrual loans with no ACL, by portfolio classes as of March 31, 2023 and December 31, 2022 are as follows: As of March 31, 2023 Days Past Due and Accruing Current 30-59 60-89 90+ (1) (2) (3) Nonaccrual (4) Total loans held for investment Nonaccrual Loans with no ACL (5) (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (1) (3) (6) $ 67,977 $ - $ 1,869 $ 41,723 $ - $ 111,569 $ - Conventional residential mortgage loans (2) (6) 2,626,542 - 23,367 13,640 36,410 2,699,959 2,250 Commercial loans: Construction loans 141,870 - - - 1,794 143,664 972 Commercial mortgage loans (2) (6) 2,323,116 509 507 7,929 21,598 2,353,659 15,787 C&I loans 2,840,568 1,438 424 6,355 13,404 2,862,189 1,858 Consumer loans: Auto loans 1,780,593 34,754 6,380 - 11,138 1,832,865 3,342 Finance leases 743,656 8,056 1,562 - 2,208 755,482 344 Personal loans 353,214 4,160 2,098 - 1,263 360,735 - Credit cards 299,387 3,989 2,518 4,733 - 310,627 - Other consumer loans 143,035 1,916 958 - 1,327 147,236 21 Total loans held for investment $ 11,319,958 $ 54,822 $ 39,683 $ 74,380 $ 89,142 $ 11,577,985 $ 24,574 (1) It is the Corporation's policy to report delinquent Federal Housing Authority (“FHA”)/Veterans Affairs (“VA”) government-guaranteed residential mortgage loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 25.9 million of residential mortgage loans guaranteed by the FHA that were over 15 months delinquent. (2) Includes purchased credit deteriorated ("PCD") loans previously accounted for under ASC Subtopic 310-30, "Loans and Debt Securities Acquired with Deteriorated Credit Quality" ("ASC Subtopic 310-30") for which the Corporation made the accounting policy election of maintaining pools of loans as “units of account” both at the time of adoption of CECL on January 1, 2020 and on an ongoing basis for credit loss measurement. These loans will continue to be excluded from nonaccrual loan statistics as long as the Corporation can reasonably estimate the timing and amount of cash flows expected to be collected on the loan pools. The portion of such loans contractually past due 90 days or more, amounting to $ 10.4 million as of March 31, 2023 ($ 9.4 million conventional residential mortgage loans and $ 1.0 million commercial mortgage loans), is presented in the loans past due 90 days or more and still accruing category in the table above. (3) Include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 7.1 million as of March 31, 2023. Under the GNMA program, the Corporation has the option but not the obligation to repurchase loans that meet GNMA’s specified delinquency criteria. For accounting purposes, these loans subject to the repurchase option are required to be reflected on the financial statements with an offsetting liability. (4) Nonaccrual loans in the Florida region amounted to $ 15.2 million as of March 31, 2023, primarily nonaccrual residential mortgage loans and C&I loans. (5) Includes $ 0.3 million of nonaccrual C&I loans with no ACL in the Florida region as of March 31, 2023. (6) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears on two or more monthly payments. FHA/VA government-guaranteed loans, conventional residential mortgage loans, and commercial mortgage loans past due 30-59 days, but less than two payments in arrears, as of March 31, 2023 amounted to $ 5.3 million, $ 60.7 million, and $ 1.1 million, respectively. As of December 31, 2022 Days Past Due and Accruing Current 30-59 60-89 90+ (1)(2)(3) Nonaccrual (4) Total loans held for investment Nonaccrual Loans with no ACL (5) (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (1) (3) (6) $ 67,116 $ - $ 2,586 $ 48,456 $ - $ 118,158 $ - Conventional residential mortgage loans (2) (6) 2,643,909 - 25,630 16,821 42,772 2,729,132 2,292 Commercial loans: Construction loans 130,617 - - 128 2,208 132,953 977 Commercial mortgage loans (2) (6) 2,330,094 300 2,367 3,771 22,319 2,358,851 15,991 C&I loans 2,868,989 1,984 1,128 6,332 7,830 2,886,263 3,300 Consumer loans: Auto loans 1,740,271 40,039 7,089 - 10,672 1,798,071 2,136 Finance leases 707,646 7,148 1,791 - 1,645 718,230 330 Personal loans 346,366 3,738 1,894 - 1,248 353,246 - Credit cards 301,013 3,705 2,238 4,775 - 311,731 - Other consumer loans 141,687 1,804 1,458 - 1,241 146,190 - Total loans held for investment $ 11,277,708 $ 58,718 $ 46,181 $ 80,283 $ 89,935 $ 11,552,825 $ 25,026 (1) It is the Corporation's policy to report delinquent FHA/VA government-guaranteed residential mortgage loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 28.2 million of residential mortgage loans guaranteed by the FHA that were over 15 months delinquent. (2) Includes PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election of maintaining pools of loans as “units of account” both at the time of adoption of CECL on January 1, 2020 and on an ongoing basis for credit loss measurement. These loans will continue to be excluded from nonaccrual loan statistics as long as the Corporation can reasonably estimate the timing and amount of cash flows expected to be collected on the loan pools. The portion of such loans contractually past due 90 days or more, amounting to $ 12.0 million as of December 31, 2022 ($ 11.0 million conventional residential mortgage loans and $ 1.0 million commercial mortgage loans), is presented in the loans past due 90 days or more and still accruing category in the table above. (3) Include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 10.3 million as of December 31, 2022. Under the GNMA program, the Corporation has the option but not the obligation to repurchase loans that meet GNMA’s specified delinquency criteria. For accounting purposes, these loans subject to the repurchase option are required to be reflected on the financial statements with an offsetting liability. (4) Nonaccrual loans in the Florida region amounted to $ 8.3 million as of December 31, 2022, primarily nonaccrual residential mortgage loans. (5) Includes $ 0.3 million of nonaccrual C&I loans with no ACL in the Florida region as of December 31, 2022. (6) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears on two or more monthly payments. FHA/VA government-guaranteed loans, conventional residential mortgage loans, and commercial mortgage loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2022 amounted to $ 6.1 million, $ 65.2 million, and $ 1.6 million, respectively.
Corporation's Credit Quality Indicators by Loan [Table Text Block] | As of March 31, 2023 Puerto Rico and Virgin Islands region Term Loans As of December 31, 2022 Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION Risk Ratings: Pass $ 6,479 $ 16,509 $ 18,842 $ - $ - $ 3,885 $ - $ 45,715 $ 31,879 Criticized: Special Mention - - - - - - - - - Substandard - - - - - 2,480 - 2,480 2,893 Doubtful - - - - - - - - - Loss - - - - - - - - - Total construction loans $ 6,479 $ 16,509 $ 18,842 $ - $ - $ 6,365 $ - $ 48,195 $ 34,772 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 67,469 $ 391,295 $ 139,536 $ 325,141 $ 301,638 $ 400,794 $ 478 $ 1,626,351 $ 1,655,728 Criticized: Special Mention - 1,177 - 36,546 75 131,350 - 169,148 145,415 Substandard - 132 - - 2,797 30,745 - 33,674 33,061 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial mortgage loans $ 67,469 $ 392,604 $ 139,536 $ 361,687 $ 304,510 $ 562,889 $ 478 $ 1,829,173 $ 1,834,204 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ 18 $ - $ 18 C&I Risk Ratings: Pass $ 70,739 $ 303,603 $ 188,155 $ 181,284 $ 308,225 $ 254,283 $ 565,758 $ 1,872,047 $ 1,789,572 Criticized: Special Mention - 132 839 - 1,029 12,885 32,322 47,207 43,224 Substandard - - 396 652 13,430 7,117 379 21,974 27,313 Doubtful - - - - - - - - - Loss - - - - - - - - - Total C&I loans $ 70,739 $ 303,735 $ 189,390 $ 181,936 $ 322,684 $ 274,285 $ 598,459 $ 1,941,228 $ 1,860,109 Charge-offs on C&I loans $ - $ - $ - $ - $ - $ 63 $ 55 $ 118 (1) Excludes accrued interest receivable. As of March 31, 2023 Term Loans As of December 31, 2022 Florida region Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION Risk Ratings: Pass $ 107 $ 50,019 $ 42,867 $ - $ - $ - $ 2,476 $ 95,469 $ 98,181 Criticized: Special Mention - - - - - - - - - Substandard - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total construction loans $ 107 $ 50,019 $ 42,867 $ - $ - $ - $ 2,476 $ 95,469 $ 98,181 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 3,529 $ 177,392 $ 70,147 $ 41,024 $ 51,320 $ 140,177 $ 19,551 $ 503,140 $ 503,184 Criticized: Special Mention - - - 6,947 13,231 - - 20,178 20,295 Substandard - - - 1,168 - - - 1,168 1,168 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial mortgage loans $ 3,529 $ 177,392 $ 70,147 $ 49,139 $ 64,551 $ 140,177 $ 19,551 $ 524,486 $ 524,647 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - C&I Risk Ratings: Pass $ 36,642 $ 276,868 $ 134,512 $ 75,953 $ 183,443 $ 72,650 $ 92,816 $ 872,884 $ 979,151 Criticized: Special Mention - - 19,677 - 5,974 11,725 - 37,376 17,905 Substandard - - - 264 195 2,854 300 3,613 29,098 Doubtful - - - - - 7,088 - 7,088 - Loss - - - - - - - - - Total C&I loans $ 36,642 $ 276,868 $ 154,189 $ 76,217 $ 189,612 $ 94,317 $ 93,116 $ 920,961 $ 1,026,154 Charge-offs on C&I loans $ - $ - $ - $ - $ - $ - $ - $ - (1) Excludes accrued interest receivable. As of March 31, 2023 Total Term Loans As of December 31, 2022 Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION Risk Ratings: Pass $ 6,586 $ 66,528 $ 61,709 $ - $ - $ 3,885 $ 2,476 $ 141,184 $ 130,060 Criticized: Special Mention - - - - - - - - - Substandard - - - - - 2,480 - 2,480 2,893 Doubtful - - - - - - - - - Loss - - - - - - - - - Total construction loans $ 6,586 $ 66,528 $ 61,709 $ - $ - $ 6,365 $ 2,476 $ 143,664 $ 132,953 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 70,998 $ 568,687 $ 209,683 $ 366,165 $ 352,958 $ 540,971 $ 20,029 $ 2,129,491 $ 2,158,912 Criticized: Special Mention - 1,177 - 43,493 13,306 131,350 - 189,326 165,710 Substandard - 132 - 1,168 2,797 30,745 - 34,842 34,229 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial mortgage loans $ 70,998 $ 569,996 $ 209,683 $ 410,826 $ 369,061 $ 703,066 $ 20,029 $ 2,353,659 $ 2,358,851 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ 18 $ - $ 18 C&I Risk Ratings: Pass $ 107,381 $ 580,471 $ 322,667 $ 257,237 $ 491,668 $ 326,933 $ 658,574 $ 2,744,931 $ 2,768,723 Criticized: Special Mention - 132 20,516 - 7,003 24,610 32,322 84,583 61,129 Substandard - - 396 916 13,625 9,971 679 25,587 56,411 Doubtful - - - - - 7,088 - 7,088 - Loss - - - - - - - - - Total C&I loans $ 107,381 $ 580,603 $ 343,579 $ 258,153 $ 512,296 $ 368,602 $ 691,575 $ 2,862,189 $ 2,886,263 Charge-offs on C&I loans $ - $ - $ - $ - $ - $ 63 $ 55 $ 118 (1) Excludes accrued interest receivable. The following tables present the amortized cost of residential mortgage loans by portfolio classes and by origination year based on accrual status as of March 31, 2023, the gross charge-offs for the quarter ended March 31, 2023 by portfolio classes and by origination year, and the amortized cost of residential mortgage loans by portfolio classes based on accrual status as of December 31, 2022: As of March 31, 2023 As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ 696 $ 448 $ 765 $ 1,557 $ 107,368 $ - $ 110,834 $ 117,416 Non-Performing - - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ 696 $ 448 $ 765 $ 1,557 $ 107,368 $ - $ 110,834 $ 117,416 Conventional residential mortgage loans: Accrual Status: Performing $ 24,859 $ 171,599 $ 74,692 $ 31,497 $ 47,705 $ 1,891,603 $ - $ 2,241,955 $ 2,265,013 Non-Performing - - 35 - - 28,958 - 28,993 35,471 Total conventional residential mortgage loans $ 24,859 $ 171,599 $ 74,727 $ 31,497 $ 47,705 $ 1,920,561 $ - $ 2,270,948 $ 2,300,484 Total: Accrual Status: Performing $ 24,859 $ 172,295 $ 75,140 $ 32,262 $ 49,262 $ 1,998,971 $ - $ 2,352,789 $ 2,382,429 Non-Performing - - 35 - - 28,958 - 28,993 35,471 Total residential mortgage loans in Puerto Rico and Virgin Islands Region $ 24,859 $ 172,295 $ 75,175 $ 32,262 $ 49,262 $ 2,027,929 $ - $ 2,381,782 $ 2,417,900 Charge-offs on residential mortgage loans $ - $ - $ - $ 3 $ - $ 980 $ - $ 983 (1) Excludes accrued interest receivable. As of March 31, 2023 As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 735 $ - $ 735 $ 742 Non-Performing - - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ - $ - $ - $ - $ 735 $ - $ 735 $ 742 Conventional residential mortgage loans: Accrual Status: Performing $ 13,232 $ 81,619 $ 48,991 $ 31,157 $ 29,403 $ 217,192 $ - $ 421,594 $ 421,347 Non-Performing - - - - 265 7,152 - 7,417 7,301 Total conventional residential mortgage loans $ 13,232 $ 81,619 $ 48,991 $ 31,157 $ 29,668 $ 224,344 $ - $ 429,011 $ 428,648 Total: Accrual Status: Performing $ 13,232 $ 81,619 $ 48,991 $ 31,157 $ 29,403 $ 217,927 $ - $ 422,329 $ 422,089 Non-Performing - - - - 265 7,152 - 7,417 7,301 Total residential mortgage loans in Florida region $ 13,232 $ 81,619 $ 48,991 $ 31,157 $ 29,668 $ 225,079 $ - $ 429,746 $ 429,390 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - (1) Excludes accrued interest receivable. As of March 31, 2023 As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ 696 $ 448 $ 765 $ 1,557 $ 108,103 $ - $ 111,569 $ 118,158 Non-Performing - - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ 696 $ 448 $ 765 $ 1,557 $ 108,103 $ - $ 111,569 $ 118,158 Conventional residential mortgage loans: Accrual Status: Performing $ 38,091 $ 253,218 $ 123,683 $ 62,654 $ 77,108 $ 2,108,795 $ - $ 2,663,549 $ 2,686,360 Non-Performing - - 35 - 265 36,110 - 36,410 42,772 Total conventional residential mortgage loans $ 38,091 $ 253,218 $ 123,718 $ 62,654 $ 77,373 $ 2,144,905 $ - $ 2,699,959 $ 2,729,132 Total: Accrual Status: Performing $ 38,091 $ 253,914 $ 124,131 $ 63,419 $ 78,665 $ 2,216,898 $ - $ 2,775,118 $ 2,804,518 Non-Performing - - 35 - 265 36,110 - 36,410 42,772 Total residential mortgage loans $ 38,091 $ 253,914 $ 124,166 $ 63,419 $ 78,930 $ 2,253,008 $ - $ 2,811,528 $ 2,847,290 Charge-offs on residential mortgage loans $ - $ - $ - $ 3 $ - $ 980 $ - $ 983 (1) Excludes accrued interest receivable. The following tables present the amortized cost of consumer loans by portfolio classes and by origination year based on accrual status as of March 31, 2023, the gross charge-offs for the quarter ended March 31, 2023 by portfolio classes and by origination, and the amortized cost of consumer loans by portfolio classes based on accrual status as of December 31, 2022: As of March 31, 2023 As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Regions: Auto loans: Accrual Status: Performing $ 165,925 $ 638,402 $ 478,373 $ 234,358 $ 186,331 $ 115,561 $ - $ 1,818,950 $ 1,783,782 Non-Performing - 2,419 2,243 1,347 2,708 2,399 - 11,116 10,596 Total auto loans $ 165,925 $ 640,821 $ 480,616 $ 235,705 $ 189,039 $ 117,960 $ - $ 1,830,066 $ 1,794,378 Charge-offs on auto loans $ 19 $ 1,827 $ 1,210 $ 467 $ 632 $ 365 $ - $ 4,520 Finance leases: Accrual Status: Performing $ 78,870 $ 282,486 $ 183,061 $ 82,206 $ 74,421 $ 52,230 $ - $ 753,274 $ 716,585 Non-Performing - 551 222 433 376 626 - 2,208 1,645 Total finance leases $ 78,870 $ 283,037 $ 183,283 $ 82,639 $ 74,797 $ 52,856 $ - $ 755,482 $ 718,230 Charge-offs on finance leases $ - $ 227 $ 270 $ 97 $ 185 $ 200 $ - $ 979 Personal loans: Accrual Status: Performing $ 44,647 $ 163,311 $ 49,275 $ 25,703 $ 46,765 $ 29,411 $ - $ 359,112 $ 351,664 Non-Performing - 490 188 117 229 239 - 1,263 1,248 Total personal loans $ 44,647 $ 163,801 $ 49,463 $ 25,820 $ 46,994 $ 29,650 $ - $ 360,375 $ 352,912 Charge-offs on personal loans $ - $ 1,517 $ 840 $ 279 $ 680 $ 384 $ - $ 3,700 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 310,627 $ 310,627 $ 311,731 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 310,627 $ 310,627 $ 311,731 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 4,057 $ 4,057 Other consumer loans: Accrual Status: Performing $ 23,413 $ 66,230 $ 17,612 $ 8,219 $ 9,851 $ 6,468 $ 8,700 $ 140,493 $ 139,116 Non-Performing - 540 171 59 104 230 98 1,202 1,122 Total other consumer loans $ 23,413 $ 66,770 $ 17,783 $ 8,278 $ 9,955 $ 6,698 $ 8,798 $ 141,695 $ 140,238 Charge-offs on other consumer loans $ 14 $ 1,842 $ 762 $ 174 $ 326 $ 178 $ 91 $ 3,387 Total: Performing $ 312,855 $ 1,150,429 $ 728,321 $ 350,486 $ 317,368 $ 203,670 $ 319,327 $ 3,382,456 $ 3,302,878 Non-Performing - 4,000 2,824 1,956 3,417 3,494 98 15,789 14,611 Total consumer loans in Puerto Rico and Virgin Islands region $ 312,855 $ 1,154,429 $ 731,145 $ 352,442 $ 320,785 $ 207,164 $ 319,425 $ 3,398,245 $ 3,317,489 Charge-offs on total consumer loans $ 33 $ 5,413 $ 3,082 $ 1,017 $ 1,823 $ 1,127 $ 4,148 $ 16,643 (1) Excludes accrued interest receivable. As of March 31, 2023 As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: Auto loans: Accrual Status: Performing $ - $ - $ - $ - $ 259 $ 2,518 $ - $ 2,777 $ 3,617 Non-Performing - - - - - 22 - 22 76 Total auto loans $ - $ - $ - $ - $ 259 $ 2,540 $ - $ 2,799 $ 3,693 Charge-offs on auto loans $ - $ - $ - $ - $ 8 $ 147 $ - $ 155 Finance leases: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total finance leases $ - $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs on finance leases $ - $ - $ - $ - $ - $ - $ - $ - Personal loans: Accrual Status: Performing $ 274 $ 8 $ 71 $ 7 $ - $ - $ - $ 360 $ 334 Non-Performing - - - - - - - - - Total personal loans $ 274 $ 8 $ 71 $ 7 $ - $ - $ - $ 360 $ 334 Charge-offs on personal loans $ - $ - $ - $ - $ - $ - $ - $ - Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ - $ - Other consumer loans: Accrual Status: Performing $ - $ 49 $ 229 $ 460 $ - $ 2,455 $ 2,223 $ 5,416 $ 5,833 Non-Performing - - - - - 21 104 125 119 Total other consumer loans $ - $ 49 $ 229 $ 460 $ - $ 2,476 $ 2,327 $ 5,541 $ 5,952 Charge-offs on other consumer loans $ - $ - $ - $ - $ - $ - $ - $ - Total: Performing $ 274 $ 57 $ 300 $ 467 $ 259 $ 4,973 $ 2,223 $ 8,553 $ 9,784 Non-Performing - - - - - 43 104 147 195 Total consumer loans in Florida region $ 274 $ 57 $ 300 $ 467 $ 259 $ 5,016 $ 2,327 $ 8,700 $ 9,979 Charge-offs on total consumer loans $ - $ - $ - $ - $ 8 $ 147 $ - $ 155 (1) Excludes accrued interest receivable. As of March 31, 2023 As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: Auto loans: Accrual Status: Performing $ 165,925 $ 638,402 $ 478,373 $ 234,358 $ 186,590 $ 118,079 $ - $ 1,821,727 $ 1,787,399 Non-Performing - 2,419 2,243 1,347 2,708 2,421 - 11,138 10,672 Total auto loans $ 165,925 $ 640,821 $ 480,616 $ 235,705 $ 189,298 $ 120,500 $ - $ 1,832,865 $ 1,798,071 Charge-offs on auto loans $ 19 $ 1,827 $ 1,210 $ 467 $ 640 $ 512 $ - $ 4,675 Finance leases: Accrual Status: Performing $ 78,870 $ 282,486 $ 183,061 $ 82,206 $ 74,421 $ 52,230 $ - $ 753,274 $ 716,585 Non-Performing - 551 222 433 376 626 - 2,208 1,645 Total finance leases $ 78,870 $ 283,037 $ 183,283 $ 82,639 $ 74,797 $ 52,856 $ - $ 755,482 $ 718,230 Charge-offs on finance leases $ - $ 227 $ 270 $ 97 $ 185 $ 200 $ - $ 979 Personal loans: Accrual Status: Performing $ 44,921 $ 163,319 $ 49,346 $ 25,710 $ 46,765 $ 29,411 $ - $ 359,472 $ 351,998 Non-Performing - 490 188 117 229 239 - 1,263 1,248 Total personal loans $ 44,921 $ 163,809 $ 49,534 $ 25,827 $ 46,994 $ 29,650 $ - $ 360,735 $ 353,246 Charge-offs on personal loans $ - $ 1,517 $ 840 $ 279 $ 680 $ 384 $ - $ 3,700 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 310,627 $ 310,627 $ 311,731 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 310,627 $ 310,627 $ 311,731 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 4,057 $ 4,057 Other consumer loans: Accrual Status: Performing $ 23,413 $ 66,279 $ 17,841 $ 8,679 $ 9,851 $ 8,923 $ 10,923 $ 145,909 $ 144,949 Non-Performing - 540 171 59 104 251 202 1,327 1,241 Total other consumer loans $ 23,413 $ 66,819 $ 18,012 $ 8,738 $ 9,955 $ 9,174 $ 11,125 $ 147,236 $ 146,190 Charge-offs on other consumer loans $ 14 $ 1,842 $ 762 $ 174 $ 326 $ 178 $ 91 $ 3,387 Total: Performing $ 313,129 $ 1,150,486 $ 728,621 $ 350,953 $ 317,627 $ 208,643 $ 321,550 $ 3,391,009 $ 3,312,662 Non-Performing - 4,000 2,824 1,956 3,417 3,537 202 15,936 14,806 Total consumer loans $ 313,129 $ 1,154,486 $ 731,445 $ 352,909 $ 321,044 $ 212,180 $ 321,752 $ 3,406,945 $ 3,327,468 Charge-offs on total consumer loans $ 33 $ 5,413 $ 3,082 $ 1,017 $ 1,831 $ 1,274 $ 4,148 $ 16,798 (1) Excludes accrued interest receivable.
Collateral Pledged [Member] |
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Loan Portfolio Held for Investment [Table Text Block] | As of March 31, 2023 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: Conventional residential mortgage loans $ 34,257 $ 2,410 $ 152 $ 34,409 $ 2,410 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans 2,449 896 61,851 64,300 896 C&I loans 1,789 347 13,331 15,120 347 Consumer loans: Personal loans 55 1 - 55 1 Other consumer loans - - - - - $ 38,550 $ 3,654 $ 76,290 $ 114,840 $ 3,654 As of December 31, 2022 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: Conventional residential mortgage loans $ 36,206 $ 2,571 $ - $ 36,206 $ 2,571 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans 2,466 897 62,453 64,919 897 C&I loans 1,513 322 17,590 19,103 322 Consumer loans: Personal loans 56 1 64 120 1 Other consumer loans 207 29 - 207 29 $ 40,448 $ 3,820 $ 81,063 $ 121,511 $ 3,820
TDR [Member] |
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Troubled Debt Restructurings On Financing Receivables Table [Text Block] | The following table presents the amortized cost basis as of March 31, 2023 of loans modified to borrowers experiencing financial difficulty during the quarter ended March 31, 2023, by portfolio classes and type of modification granted, and the percentage of these modified loans relative to the total period-end amortized cost basis of receivables in the portfolio class: Quarter Ended March 31, 2023 Payment Delay Only Forbearance Payment Plan Trial Modification Interest Rate Reduction Term Extension Combination of Interest Rate Reduction and Term Extension Forgiveness of principal and/or interest Other Total Percentage of Total by Portfolio Classes (In thousands) Conventional residential mortgage loans $ - $ - $ 332 $ - $ 433 $ 115 $ - $ - $ 880 0.03% Construction loans - - - - - - - - - - Commercial mortgage loans - - - - - - - - - - C&I loans - - - - - - - 40 (1) 40 0.00% Consumer loans: Auto loans - - - - 89 38 - 584 (1) 711 0.04% Personal loans - - - - 28 14 - - 42 0.01% Credit cards - - - 289 (2) - - - - 289 0.09% Other consumer loans - - - - 132 60 - 26 (1) 218 0.15% Total modifications $ - $ - $ 332 $ 289 $ 682 $ 227 $ - $ 650 $ 2,180 (1) Modification consists of court mandated reduction to 0% interest rate for remaining loan term to borrowers in bankruptcy proceedings unless dismissal occurs. (2) Modification consists of reduction in interest rate and revocation of revolving line privileges. The following table presents the financial effects of the modifications granted to borrowers experiencing financial difficulty during the quarter ended March 31, 2023, by portfolio classes, other than those associated to payment delay. The qualitative financial effects of the modifications associated to payment delay were discussed above, and as such, were excluded from the table below: Quarter Ended March 31, 2023 Combination of Interest Rate Reduction and Term Extension Weighted-Average Interest Rate Reduction (%) Weighted-Average Term Extension (in months) Weighted-Average Interest Rate Reduction (%) Weighted-Average Term Extension (in months) Weighted-Average Forgiveness of Principal and/or Interest (In thousands) Conventional residential mortgage loans - 98 2.11% 141 $ - Construction loans - - - - - Commercial mortgage loans - - - - - C&I loans - - - - - Consumer loans: Auto loans - 22 2.88% 28 - Personal loans - 30 3.36% 12 - Credit cards 16.04% - - - - Other consumer loans - 27 1.96% 26 - The following table presents the performance of loans modified during the quarter ended March 31, 2023 that were granted to borrowers experiencing financial difficulty, by portfolio classes: Quarter Ended March 31, 2023 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ - $ - $ - $ - $ 880 $ 880 Construction loans - - - - - - Commercial mortgage loans - - - - - - C&I loans - - - - 40 40 Consumer loans: Auto loans 44 138 - 182 529 711 Personal loans - - - - 42 42 Credit cards 103 89 - 192 97 289 Other consumer loans - - - - 218 218 Total modifications $ 147 $ 227 $ - $ 374 $ 1,806 $ 2,180 Quarter Ended March 31, 2022 Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Other (1) Total (In thousands) Conventional residential mortgage loans $ 215 $ 731 $ 190 $ - $ 1,857 $ 2,993 Construction loans - - - - - - Commercial mortgage loans - - - - - - C&I loans - - - - 5 5 Consumer loans: Auto loans 792 54 147 - - 993 Finance leases - 246 - - 18 264 Personal loans - 60 18 - - 78 Credit cards (2) 189 - - - - 189 Other consumer loans 33 106 - 9 - 148 Total TDRs $ 1,229 $ 1,197 $ 355 $ 9 $ 1,880 $ 4,670 (1) Other concessions granted by the Corporation include payment plans under judicial stipulation or loss mitigation programs, or a combination of two or more of the concessions listed in the table. Amounts included in Other that represent a combination of concessions are excluded from the amounts reported in the column for such individual concessions. (2) Concession consists of reduction in interest rate and revocation of revolving line privileges. Quarter Ended March 31, 2022 Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost (Dollars in thousands) Conventional residential mortgage loans 23 $ 2,996 $ 2,993 Construction loans - - - Commercial mortgage loans - - - C&I loans 1 5 5 Consumer loans: Auto loans 51 995 993 Finance leases 13 264 264 Personal loans 5 78 78 Credit Cards 44 189 189 Other consumer loans 27 146 148 Total TDRs 164 $ 4,673 $ 4,670 Quarter Ended March 31, 2022 Number of contracts Amortized Cost (Dollars in thousands) Conventional residential mortgage loans 3 $ 389 Construction loans - - Commercial mortgage loans - - C&I loans - - Consumer loans: Auto loans 24 522 Finance leases 1 16 Personal loans - - Credit cards 11 79 Other consumer loans 2 11 Total TDRs 41 $ 1,017

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