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SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2023
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) Quarter ended September 30,2023: Interest income $ 31,208 $ 90,976 $ 68,138 $ 32,146 $ 33,560 $ 7,377 $ 263,405 Net (charge) credit for transfer of funds (12,929) 96,836 (54,926) (27,817) (1,164) - - Interest expense - (40,746) - (8,384) (12,647) (1,900) (63,677) Net interest income (loss) 18,279 147,066 13,212 (4,055) 19,749 5,477 199,728 Provision for credit losses - (benefit) expense (3,288) 13,707 (7,235) 32 873 307 4,396 Non-interest income (loss) 3,021 20,170 4,468 (3) 847 1,793 30,296 Direct non-interest expenses 5,201 43,431 9,658 958 8,535 6,647 74,430 Segment income (loss) $ 19,387 $ 110,098 $ 15,257 $ (5,048) $ 11,188 $ 316 $ 151,198 Average earnings assets $ 2,127,641 $ 3,336,158 $ 3,769,370 $ 6,382,276 $ 2,041,662 $ 406,499 $ 18,063,606 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Quarter ended September 30,2022: Interest income $ 32,349 $ 77,576 $ 53,506 $ 28,203 $ 24,804 $ 6,245 $ 222,683 Net (charge) credit for transfer of funds (8,011) 47,577 (30,645) (8,447) (474) - - Interest expense - (6,745) - (4,929) (2,836) (263) (14,773) Net interest income 24,338 118,408 22,861 14,827 21,494 5,982 207,910 Provision for credit losses - expense (benefit) 2,092 16,705 (3,519) (12) (624) 1,141 15,783 Non-interest income 3,733 19,121 4,276 33 773 1,757 29,693 Direct non-interest expenses 6,489 42,080 9,295 942 8,479 7,097 74,382 Segment income (loss) $ 19,490 $ 78,744 $ 21,361 $ 13,930 $ 14,412 $ (499) $ 147,438 Average earnings assets $ 2,211,675 $ 2,974,894 $ 3,622,907 $ 7,095,503 $ 2,040,656 $ 365,743 $ 18,311,378 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Nine-Month Period Ended September 30,2023 Interest income $ 94,720 $ 261,139 $ 195,837 $ 89,140 $ 96,772 $ 20,397 $ 758,005 Net (charge) credit for transfer of funds (33,293) 260,715 (154,752) (70,095) (2,575) - - Interest expense - (94,447) - (26,547) (33,828) (2,755) (157,577) Net interest income (loss) 61,427 427,407 41,085 (7,502) 60,369 17,642 600,428 Provision for credit losses - (benefit) expense (7,623) 42,600 (2,096) 7 9,545 (305) 42,128 Non-interest income 9,157 62,425 16,788 1,837 2,849 6,029 99,085 Direct non-interest expenses 15,821 126,872 28,363 2,828 25,341 20,203 219,428 Segment income (loss) $ 62,386 $ 320,360 $ 31,606 $ (8,500) $ 28,332 $ 3,773 $ 437,957 Average earnings assets $ 2,147,521 $ 3,251,286 $ 3,751,359 $ 6,321,540 $ 2,049,281 $ 381,655 $ 17,902,642 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Nine-Month Period Ended September 30,2022 Interest income $ 98,625 $ 221,500 $ 148,046 $ 77,530 $ 64,742 $ 18,719 $ 629,162 Net (charge) credit for transfer of funds (22,173) 105,898 (53,391) (29,101) (1,233) - - Interest expense - (17,047) - (14,727) (6,845) (823) (39,442) Net interest income 76,452 310,351 94,655 33,702 56,664 17,896 589,720 Provision for credit losses - (benefit) expense (5,216) 42,904 (20,611) (435) (5,849) 1,191 11,984 Non-interest income (loss) 13,152 59,367 13,278 (130) 2,195 5,630 93,492 Direct non-interest expenses 19,076 121,897 27,202 2,732 25,195 20,835 216,937 Segment income $ 75,744 $ 204,917 $ 101,342 $ 31,275 $ 39,513 $ 1,500 $ 454,291 Average earnings assets $ 2,249,203 $ 2,865,610 $ 3,654,906 $ 7,642,121 $ 2,047,375 $ 371,468 $ 18,830,683
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: Quarter Ended September 30, Nine-Month Period Ended September 30, 2023 2022 2023 2022 (In thousands) Net income: Total income for segments $ 151,198 $ 147,438 $ 437,957 $ 454,291 Other operating expenses (1) 42,208 40,807 125,395 113,237 Income before income taxes 108,990 106,631 312,562 341,054 Income tax expense 26,968 32,028 89,187 109,156 Total consolidated net income $ 82,022 $ 74,603 $ 223,375 $ 231,898 Average assets: Total average earning assets for segments $ 18,063,606 $ 18,311,378 $ 17,902,642 $ 18,830,683 Average non-earning assets 832,374 835,740 845,837 873,911 Total consolidated average assets $ 18,895,980 $ 19,147,118 $ 18,748,479 $ 19,704,594 (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.

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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