XML 80 R70.htm IDEA: XBRL DOCUMENT v3.23.2
LOANS HELD FOR INVESTMENT - Additional Information (Detail) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Interest Receivable $ 70,368,000   $ 70,368,000   $ 69,730,000  
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff 24,084,000 $ 12,592,000 42,001,000 $ 25,307,000    
Loans and finance leases 20,770,000 12,665,000 37,026,000 (4,324,000)    
Interest Income Recognized on Nonaccrual Loans 500,000 300,000 1,000,000.0 700,000    
Loans modified to borrowers experiencing financial difficulty 32,263,000   34,208,000      
Revolving loans converted to term loans 0   0   0  
Loans held for investment 11,719,315,000   11,719,315,000   11,552,825,000  
Past Due [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans modified to borrowers experiencing financial difficulty     112,000      
TDR [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans modified to borrowers experiencing financial difficulty     $ 0      
Puerto Rico [Member] | Product Concentration Risk [Member] | Loan Portfolio [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Credit risk concentration     79.00%      
United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 1,998,269,000   $ 1,998,269,000   $ 2,088,351,000  
United States [Member] | Product Concentration Risk [Member] | Loan Portfolio [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Credit risk concentration     17.00%      
USVI and BVI [Member] | Product Concentration Risk [Member] | Loan Portfolio [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Credit risk concentration     4.00%      
Nonaccrual loans [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing Receivable Accrued Interest Writeoff $ 500,000 300,000 $ 1,100,000 700,000    
Collateral Pledged [Member] | Weighted Average [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
LTV Coverage % 68.00%   68.00%   70.00%  
Loans and Finance Receivables [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Interest Receivable $ 52,800,000   $ 52,800,000   $ 53,100,000  
GNMA [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans pooled amount 66,400,000   66,400,000     $ 79,700,000
Recognized gain on sale     1,400,000 2,300,000    
Residential Portfolio Segment [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Residential mortgage loans in process of foreclosure 50,900,000   $ 50,900,000      
Loans Foreclosure Delinquency Threshold     120 days      
Financing Receivable, Real Estate Acquired Through Foreclosure [Policy Text Block]    
The Corporation
 
commences the
foreclosure
 
process
 
on
 
residential
 
real
 
estate
 
loans
 
when
 
a
 
borrower
 
becomes
120
 
days
 
delinquent.
 
Foreclosure
 
procedures
 
and
timelines
 
vary
 
depending
 
on
 
whether
 
the
 
property
 
is
 
located
 
in
 
a
 
judicial
 
or
 
non-judicial
 
state.
 
Occasionally,
 
foreclosures
 
may
 
be
delayed due to, among other reasons, mandatory mediations, bankruptcy,
 
court delays, and title issues.
     
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff 1,146,000 2,079,000 $ 2,129,000 4,607,000    
Loans and finance leases (3,500,000) (2,797,000) (3,427,000) (7,668,000)    
Loans held for investment 2,793,790,000   2,793,790,000   2,847,290,000  
Residential Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | PRHFA [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 81,100,000   81,100,000   84,700,000  
Residential Portfolio Segment [Member] | United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff     0      
Loans held for investment 441,480,000   441,480,000   429,390,000  
Residential Portfolio Segment [Member] | Performing loans [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 2,760,538,000   2,760,538,000   2,804,518,000  
Residential Portfolio Segment [Member] | Performing loans [Member] | United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 434,042,000   434,042,000   422,089,000  
Residential Portfolio Segment [Member] | Nonaccrual loans [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 33,252,000   33,252,000   42,772,000  
Residential Portfolio Segment [Member] | Nonaccrual loans [Member] | United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 7,438,000   7,438,000   7,301,000  
Residential Portfolio Segment [Member] | PCD loans [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Residential mortgage loans in process of foreclosure 7,200,000   7,200,000      
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans modified to borrowers experiencing financial difficulty 283,000   1,139,000      
Loans held for investment 2,688,905,000   2,688,905,000   2,729,132,000  
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Past Due [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans modified to borrowers experiencing financial difficulty     0      
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 440,752,000   440,752,000   428,648,000  
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Performing loans [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 2,655,653,000   2,655,653,000   2,686,360,000  
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Performing loans [Member] | United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 433,314,000   433,314,000   421,347,000  
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Nonaccrual loans [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 33,252,000   33,252,000   42,772,000  
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Nonaccrual loans [Member] | United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 7,438,000   7,438,000   7,301,000  
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Residential mortgage loans in process of foreclosure 21,500,000   21,500,000      
Loans modified to borrowers experiencing financial difficulty 1,600,000   2,500,000      
Loans held for investment 104,885,000   104,885,000   118,158,000  
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 728,000   728,000   742,000  
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Performing loans [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 104,885,000   104,885,000   118,158,000  
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Performing loans [Member] | United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 728,000   728,000   742,000  
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Nonaccrual loans [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 0   0   0  
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Nonaccrual loans [Member] | United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 0   0   0  
Residential Portfolio Segment [Member] | GNMA [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 6,500,000   6,500,000   10,400,000  
Residential Portfolio Segment [Member] | GNMA [Member] | Repurchase Option Program [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing Receivable, Purchase     1,900,000 6,200,000    
Residential Portfolio Segment [Member] | FNMA [Member] | Performing loans [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Gain from sale of loans     600,000 3,300,000    
Residential mortgage loans sold     22,800,000 75,200,000    
Residential Portfolio Segment [Member] | FHLMC [Member] | Performing loans [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Gain from sale of loans       100,000    
Residential mortgage loans sold       3,200,000    
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 174,900,000   174,900,000   169,800,000  
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | PREPA [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 9,500,000   9,500,000      
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | Property Tax Revenue [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 105,200,000   105,200,000      
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | Municipal Special Obligation Bond [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 28,100,000   28,100,000      
Commercial Portfolio Segment [Member] | USVI [Member] | Government [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 78,900,000   78,900,000   38,000,000.0  
Commercial Portfolio Segment [Member] | Construction loans [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff 38,000 16,000 38,000 60,000    
Loans and finance leases 1,202,000 151,000 2,062,000 (2,063,000)    
Loans modified to borrowers experiencing financial difficulty 0   0      
Loans held for investment 163,998,000   163,998,000   132,953,000  
Commercial Portfolio Segment [Member] | Construction loans [Member] | Past Due [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans modified to borrowers experiencing financial difficulty     0      
Commercial Portfolio Segment [Member] | Construction loans [Member] | United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff     0      
Loans held for investment 94,779,000   94,779,000   98,181,000  
Commercial Portfolio Segment [Member] | Central Government [Member] | Puerto Rico [Member] | Government [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 32,100,000   32,100,000      
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff 88,000 2,000 106,000 39,000    
Loans and finance leases 5,999,000 1,265,000 7,245,000 (21,375,000)    
Loans modified to borrowers experiencing financial difficulty 30,170,000   30,170,000      
Loans held for investment 2,320,069,000   2,320,069,000   2,358,851,000  
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Past Due [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans modified to borrowers experiencing financial difficulty     0      
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff     0      
Loans held for investment 519,780,000   519,780,000   524,647,000  
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff 6,350,000 68,000 6,468,000 358,000    
Loans and finance leases 2,997,000 (1,102,000) 1,347,000 653,000    
Loans modified to borrowers experiencing financial difficulty 187,000   187,000      
Loans held for investment 2,946,201,000   2,946,201,000   2,886,263,000  
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Past Due [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans modified to borrowers experiencing financial difficulty     0      
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing Receivable, Purchase     28,000,000.0 76,400,000    
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff     6,202,000      
Loans held for investment 934,427,000   934,427,000   1,026,154,000  
Consumer Portfolio Segment [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff 16,462,000 10,427,000 33,260,000 20,243,000    
Loans and finance leases 14,072,000 $ 15,148,000 29,799,000 $ 26,129,000    
Loans held for investment 3,495,257,000   3,495,257,000   3,327,468,000  
Consumer Portfolio Segment [Member] | United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff     221,000      
Loans held for investment 7,803,000   7,803,000   9,979,000  
Consumer Portfolio Segment [Member] | Performing loans [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 3,478,895,000   3,478,895,000   3,312,662,000  
Consumer Portfolio Segment [Member] | Performing loans [Member] | United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 7,694,000   7,694,000   9,784,000  
Consumer Portfolio Segment [Member] | Nonaccrual loans [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment 16,362,000   16,362,000   14,806,000  
Consumer Portfolio Segment [Member] | Nonaccrual loans [Member] | United States [Member]            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Loans held for investment $ 109,000   $ 109,000   $ 195,000