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LOANS HELD FOR INVESTMENT (Tables) | 3 Months Ended
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Mar. 31, 2024
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, 2024 2023 (In thousands) Puerto Rico and Virgin Islands region: Residential mortgage loans, mainly secured by first mortgages $ 2,327,240 $ 2,356,006 Construction loans 147,624 115,401 Commercial mortgage loans 1,769,247 1,790,637 Commercial and Industrial (“C&I loans”) 2,289,999 2,249,408 Consumer loans 3,674,220 3,651,770 Loans held for investment $ 10,208,330 $ 10,163,222 Florida region: Residential mortgage loans, mainly secured by first mortgages $ 474,347 $ 465,720 Construction loans 89,664 99,376 Commercial mortgage loans 592,484 526,446 C&I loans 940,996 924,824 Consumer loans 5,627 5,895 Loans held for investment $ 2,103,118 $ 2,022,261 Total: Residential mortgage loans, mainly secured by first mortgages $ 2,801,587 $ 2,821,726 Construction loans 237,288 214,777 Commercial mortgage loans 2,361,731 2,317,083 C&I loans (1) 3,230,995 3,174,232 Consumer loans 3,679,847 3,657,665 Loans held for investment (2) 12,311,448 12,185,483 ACL on loans and finance leases (263,592) (261,843) Loans held for investment, net $ 12,047,856 $ 11,923,640 (1) As of March 31,2024 and December 31, 2023, includes $ 774.0 million and $ 787.5 million, respectively, of commercial loans that were secured by real estate and for which the primary source of repayment at origination was not dependent upon such real estate. (2) Includes accretable fair value net purchase discounts of $ 23.7 million and $ 24.7 million as of March 31,2024 and December 31, 2023, 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, 2024 and December 31, 2023 are as follows: As of March 31,2024 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) $ 69,170 $ - $ 2,220 $ 28,265 $ - $ 99,655 $ - Conventional residential mortgage loans (2) (6) 2,628,748 - 30,195 10,304 32,685 2,701,932 1,700 Commercial loans: Construction loans 233,506 - - 2,284 1,498 237,288 971 Commercial mortgage loans (2) (6) 2,347,395 708 713 939 11,976 2,361,731 6,865 C&I loans 3,194,816 3,134 149 7,829 25,067 3,230,995 1,644 Consumer loans: Auto loans 1,880,077 49,811 9,056 - 15,132 1,954,076 388 Finance leases 852,320 14,312 2,551 - 2,744 871,927 87 Personal loans 368,984 5,624 2,887 - 2,030 379,525 - Credit cards 306,767 4,760 3,641 7,894 - 323,062 - Other consumer loans 145,519 2,361 1,544 - 1,833 151,257 7 Total loans held for investment $ 12,027,302 $ 80,710 $ 52,956 $ 57,515 $ 92,965 $ 12,311,448 $ 11,662 (1) It is the Corporation’s policy to report delinquent Federal Housing Authority (“FHA”)/U.S. Department of 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 $ 13.7 million of residential mortgage loans guaranteed by the FHA that were over 15 months delinquent as of March 31,2024. (2) Includes purchased credit deteriorated (“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 $ 8.6 million as of March 31, 2024 ($ 7.7 million conventional residential mortgage loans and $ 0.9 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 Government National Mortgage Association ("GNMA") securities, amounting to $ 8.8 million as of March 31,2024. 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 $ 19.0 million as of March 31,2024, primarily nonaccrual C&I and residential mortgage loans. (5) There were no nonaccrual loans with no ACL in the Florida region as of March 31,2024. (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, 2024 amounted to $ 7.4 million, $ 72.7 million and $ 1.9 million, respectively. As of December 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) $ 68,332 $ - $ 2,592 $ 29,312 $ - $ 100,236 $ - Conventional residential mortgage loans (2) (6) 2,644,344 - 33,878 11,029 32,239 2,721,490 1,742 Commercial loans: Construction loans 210,911 - - 2,297 1,569 214,777 972 Commercial mortgage loans (2) (6) 2,303,753 17 - 1,108 12,205 2,317,083 2,536 C&I loans 3,148,254 1,130 1,143 8,455 15,250 3,174,232 1,687 Consumer loans: Auto loans 1,846,652 60,283 13,753 - 15,568 1,936,256 4 Finance leases 837,881 13,786 1,861 - 3,287 856,815 12 Personal loans 370,746 5,873 2,815 - 1,841 381,275 - Credit cards 313,360 5,012 3,589 7,251 - 329,212 - Other consumer loans 147,278 3,084 1,997 - 1,748 154,107 - Total loans held for investment $ 11,891,511 $ 89,185 $ 61,628 $ 59,452 $ 83,707 $ 12,185,483 $ 6,953 (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 $ 15.4 million of residential mortgage loans guaranteed by the FHA that were over 15 months delinquent as of December 31, 2023. (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 $ 8.3 million as of December 31, 2023 ($ 7.4 million conventional residential mortgage loans and $ 0.9 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 $ 7.9 million as of December 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 $ 8.0 million as of December 31, 2023, primarily nonaccrual residential mortgage loans and C&I loans. (5) There were no nonaccrual loans with no ACL in the Florida region as of December 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 December 31, 2023 amounted to $ 8.2 million, $ 69.9 million, and $ 1.1 million, respectively.
Corporation's Credit Quality Indicators by Loan [Table Text Block] | Based on the most recent analysis performed, the amortized cost of commercial and construction loans by portfolio classes and by origination year based on the internal credit-risk category as of March 31, 2024, the gross charge -offs for the quarter ended March 31, 2024 by portfolio classes and by origination year, and the amortized cost of commercial and construction loans by portfolio classes based on the internal credit-risk category as of December 31, 2023, were as follows: As of March 31,2024 Puerto Rico and Virgin Islands Regions Term Loans As of December 31, 2023 Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION Risk Ratings: Pass $ 9,399 $ 72,010 $ 40,926 $ 16,381 $ - $ 3,463 $ - $ 142,179 $ 113,170 Criticized: Special Mention - - 3,300 - - - - 3,300 - Substandard - - - - - 2,145 - 2,145 2,231 Doubtful - - - - - - - - - Loss - - - - - - - - - Total construction loans $ 9,399 $ 72,010 $ 44,226 $ 16,381 $ - $ 5,608 $ - $ 147,624 $ 115,401 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 17,540 $ 175,084 $ 378,258 $ 133,512 $ 316,526 $ 573,570 $ 3,746 $ 1,598,236 $ 1,618,404 Criticized: Special Mention - - 4,344 - 30,169 111,231 - 145,744 146,626 Substandard - - 121 - - 25,146 - 25,267 25,607 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial mortgage loans $ 17,540 $ 175,084 $ 382,723 $ 133,512 $ 346,695 $ 709,947 $ 3,746 $ 1,769,247 $ 1,790,637 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - C&I Risk Ratings: Pass $ 64,966 $ 417,434 $ 293,367 $ 145,486 $ 153,380 $ 373,156 $ 742,557 $ 2,190,346 $ 2,173,939 Criticized: Special Mention - 538 - 10,981 - 664 52,736 64,919 40,376 Substandard 403 1 - 3,784 580 28,693 1,273 34,734 35,093 Doubtful - - - - - - - - - Loss - - - - - - - - - Total C&I loans $ 65,369 $ 417,973 $ 293,367 $ 160,251 $ 153,960 $ 402,513 $ 796,566 $ 2,289,999 $ 2,249,408 Charge-offs on C&I loans $ - $ - $ - $ - $ - $ - $ 152 $ 152 (1) Excludes accrued interest receivable. As of March 31,2024 Term Loans As of December 31, 2023 Florida Region Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION Risk Ratings: Pass $ - $ 1,592 $ 37,231 $ 39,360 $ - $ - $ 11,481 $ 89,664 $ 99,376 Criticized: Special Mention - - - - - - - - - Substandard - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total construction loans $ - $ 1,592 $ 37,231 $ 39,360 $ - $ - $ 11,481 $ 89,664 $ 99,376 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 39,429 $ 28,979 $ 189,840 $ 63,181 $ 39,557 $ 187,173 $ 24,621 $ 572,780 $ 525,453 Criticized: Special Mention - - 12,355 - - 6,356 - 18,711 - Substandard - - - - 993 - - 993 993 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial mortgage loans $ 39,429 $ 28,979 $ 202,195 $ 63,181 $ 40,550 $ 193,529 $ 24,621 $ 592,484 $ 526,446 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - C&I Risk Ratings: Pass $ 31,037 $ 143,301 $ 227,770 $ 184,808 $ 54,357 $ 125,159 $ 149,521 $ 915,953 $ 879,195 Criticized: Special Mention - - - - - 11,657 - 11,657 42,046 Substandard - - - - - 11,808 - 11,808 3,583 Doubtful - - - - - 1,578 - 1,578 - Loss - - - - - - - - - Total C&I loans $ 31,037 $ 143,301 $ 227,770 $ 184,808 $ 54,357 $ 150,202 $ 149,521 $ 940,996 $ 924,824 Charge-offs on C&I loans $ - $ - $ - $ - $ - $ 48 $ 259 $ 307 (1) Excludes accrued interest receivable. As of March 31,2024 Term Loans As of December 31, 2023 Total Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION Risk Ratings: Pass $ 9,399 $ 73,602 $ 78,157 $ 55,741 $ - $ 3,463 $ 11,481 $ 231,843 $ 212,546 Criticized: Special Mention - - 3,300 - - - - 3,300 - Substandard - - - - - 2,145 - 2,145 2,231 Doubtful - - - - - - - - - Loss - - - - - - - - - Total construction loans $ 9,399 $ 73,602 $ 81,457 $ 55,741 $ - $ 5,608 $ 11,481 $ 237,288 $ 214,777 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 56,969 $ 204,063 $ 568,098 $ 196,693 $ 356,083 $ 760,743 $ 28,367 $ 2,171,016 $ 2,143,857 Criticized: Special Mention - - 16,699 - 30,169 117,587 - 164,455 146,626 Substandard - - 121 - 993 25,146 - 26,260 26,600 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial mortgage loans $ 56,969 $ 204,063 $ 584,918 $ 196,693 $ 387,245 $ 903,476 $ 28,367 $ 2,361,731 $ 2,317,083 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - C&I Risk Ratings: Pass $ 96,003 $ 560,735 $ 521,137 $ 330,294 $ 207,737 $ 498,315 $ 892,078 $ 3,106,299 $ 3,053,134 Criticized: Special Mention - 538 - 10,981 - 12,321 52,736 76,576 82,422 Substandard 403 1 - 3,784 580 40,501 1,273 46,542 38,676 Doubtful - - - - - 1,578 - 1,578 - Loss - - - - - - - - - Total C&I loans $ 96,406 $ 561,274 $ 521,137 $ 345,059 $ 208,317 $ 552,715 $ 946,087 $ 3,230,995 $ 3,174,232 Charge-offs on C&I loans $ - $ - $ - $ - $ - $ 48 $ 411 $ 459 (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, 2024 , the gross charge-offs for the quarter ended March 31, 2024 by origination year, and the amortized cost of residential mortgage loans by portfolio classes based on accrual status as of December 31, 2023: As of March 31,2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Regions: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ 615 $ 676 $ 1,368 $ 638 $ 95,657 $ - $ 98,954 $ 99,293 Non-Performing - - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ 615 $ 676 $ 1,368 $ 638 $ 95,657 $ - $ 98,954 $ 99,293 Conventional residential mortgage loans Accrual Status: Performing $ 30,350 $ 170,121 $ 161,045 $ 66,738 $ 28,955 $ 1,746,863 $ - $ 2,204,072 $ 2,231,701 Non-Performing - - 68 - - 24,146 - 24,214 25,012 Total conventional residential mortgage loans $ 30,350 $ 170,121 $ 161,113 $ 66,738 $ 28,955 $ 1,771,009 $ - $ 2,228,286 $ 2,256,713 Total Accrual Status: Performing $ 30,350 $ 170,736 $ 161,721 $ 68,106 $ 29,593 $ 1,842,520 $ - $ 2,303,026 $ 2,330,994 Non-Performing - - 68 - - 24,146 - 24,214 25,012 Total residential mortgage loans $ 30,350 $ 170,736 $ 161,789 $ 68,106 $ 29,593 $ 1,866,666 $ - $ 2,327,240 $ 2,356,006 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ - $ 516 $ - $ 516 (1) Excludes accrued interest receivable. As of March 31,2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 701 $ - $ 701 $ 943 Non-Performing - - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ - $ - $ - $ - $ 701 $ - $ 701 $ 943 Conventional residential mortgage loans Accrual Status: Performing $ 18,525 $ 88,674 $ 76,967 $ 44,602 $ 28,939 $ 207,468 $ - $ 465,175 $ 457,550 Non-Performing - - 248 - - 8,223 - 8,471 7,227 Total conventional residential mortgage loans $ 18,525 $ 88,674 $ 77,215 $ 44,602 $ 28,939 $ 215,691 $ - $ 473,646 $ 464,777 Total Accrual Status: Performing $ 18,525 $ 88,674 $ 76,967 $ 44,602 $ 28,939 $ 208,169 $ - $ 465,876 $ 458,493 Non-Performing - - 248 - - 8,223 - 8,471 7,227 Total residential mortgage loans $ 18,525 $ 88,674 $ 77,215 $ 44,602 $ 28,939 $ 216,392 $ - $ 474,347 $ 465,720 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - (1) Excludes accrued interest receivable. As of March 31,2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ 615 $ 676 $ 1,368 $ 638 $ 96,358 $ - $ 99,655 $ 100,236 Non-Performing - - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ 615 $ 676 $ 1,368 $ 638 $ 96,358 $ - $ 99,655 $ 100,236 Conventional residential mortgage loans Accrual Status: Performing $ 48,875 $ 258,795 $ 238,012 $ 111,340 $ 57,894 $ 1,954,331 $ - $ 2,669,247 $ 2,689,251 Non-Performing - - 316 - - 32,369 - 32,685 32,239 Total conventional residential mortgage loans $ 48,875 $ 258,795 $ 238,328 $ 111,340 $ 57,894 $ 1,986,700 $ - $ 2,701,932 $ 2,721,490 Total Accrual Status: Performing $ 48,875 $ 259,410 $ 238,688 $ 112,708 $ 58,532 $ 2,050,689 $ - $ 2,768,902 $ 2,789,487 Non-Performing - - 316 - - 32,369 - 32,685 32,239 Total residential mortgage loans $ 48,875 $ 259,410 $ 239,004 $ 112,708 $ 58,532 $ 2,083,058 $ - $ 2,801,587 $ 2,821,726 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ - $ 516 $ - $ 516 (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, 2024, the gross charge-offs for the quarter ended March 31, 2024 by portfolio classes and by origination year, and the amortized cost of consumer loans by portfolio classes based on accrual status as of December 31,2023: As of March 31, 2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Regions: Auto loans Accrual Status: Performing $ 161,277 $ 598,793 $ 498,696 $ 354,754 $ 161,557 $ 163,146 $ - $ 1,938,223 $ 1,919,583 Non-Performing - 3,437 3,664 2,810 1,374 3,842 - 15,127 15,556 Total auto loans $ 161,277 $ 602,230 $ 502,360 $ 357,564 $ 162,931 $ 166,988 $ - $ 1,953,350 $ 1,935,139 Charge-offs on auto loans $ - $ 2,724 $ 3,060 $ 1,802 $ 559 $ 1,211 $ - $ 9,356 Finance leases Accrual Status: Performing $ 67,120 $ 301,479 $ 234,744 $ 142,589 $ 59,904 $ 63,347 $ - $ 869,183 $ 853,528 Non-Performing - 391 766 410 280 897 - 2,744 3,287 Total finance leases $ 67,120 $ 301,870 $ 235,510 $ 142,999 $ 60,184 $ 64,244 $ - $ 871,927 $ 856,815 Charge-offs on finance leases $ - $ 617 $ 1,000 $ 403 $ 182 $ 394 $ - $ 2,596 Personal loans Accrual Status: Performing $ 37,408 $ 157,655 $ 106,185 $ 27,959 $ 13,945 $ 34,032 $ - $ 377,184 $ 379,161 Non-Performing - 558 855 236 93 288 - 2,030 1,841 Total personal loans $ 37,408 $ 158,213 $ 107,040 $ 28,195 $ 14,038 $ 34,320 $ - $ 379,214 $ 381,002 Charge-offs on personal loans $ - $ 1,342 $ 2,778 $ 533 $ 232 $ 573 $ - $ 5,458 Credit cards Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 323,062 $ 323,062 $ 329,212 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 323,062 $ 323,062 $ 329,212 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 5,995 $ 5,995 Other consumer loans Accrual Status: Performing $ 18,852 $ 69,221 $ 27,159 $ 8,387 $ 5,003 $ 7,534 $ 8,706 $ 144,862 $ 147,913 Non-Performing - 881 448 122 48 173 133 1,805 1,689 Total other consumer loans $ 18,852 $ 70,102 $ 27,607 $ 8,509 $ 5,051 $ 7,707 $ 8,839 $ 146,667 $ 149,602 Charge-offs on other consumer loans $ 2 $ 2,400 $ 1,672 $ 403 $ 99 $ 149 $ 175 $ 4,900 Total Accrual Status: Performing $ 284,657 $ 1,127,148 $ 866,784 $ 533,689 $ 240,409 $ 268,059 $ 331,768 $ 3,652,514 $ 3,629,397 Non-Performing - 5,267 5,733 3,578 1,795 5,200 133 21,706 22,373 Total consumer loans $ 284,657 $ 1,132,415 $ 872,517 $ 537,267 $ 242,204 $ 273,259 $ 331,901 $ 3,674,220 $ 3,651,770 Charge-offs on total consumer loans $ 2 $ 7,083 $ 8,510 $ 3,141 $ 1,072 $ 2,327 $ 6,170 $ 28,305 (1) Excludes accrued interest receivable. As of March 31, 2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: Auto loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 721 $ - $ 721 $ 1,105 Non-Performing - - - - - 5 - 5 12 Total auto loans $ - $ - $ - $ - $ - $ 726 $ - $ 726 $ 1,117 Charge-offs on auto loans $ - $ - $ - $ - $ - $ 59 $ - $ 59 Finance leases Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total finance leases $ - $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs on finance leases $ - $ - $ - $ - $ - $ - $ - $ - Personal loans Accrual Status: Performing $ 190 $ 50 $ - $ 71 $ - $ - $ - $ 311 $ 273 Non-Performing - - - - - - - - - Total personal loans $ 190 $ 50 $ - $ 71 $ - $ - $ - $ 311 $ 273 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 $ 55 $ 54 $ 46 $ 221 $ 324 $ 2,155 $ 1,707 $ 4,562 $ 4,446 Non-Performing - - - - - 18 10 28 59 Total other consumer loans $ 55 $ 54 $ 46 $ 221 $ 324 $ 2,173 $ 1,717 $ 4,590 $ 4,505 Charge-offs on other consumer loans $ - $ - $ - $ - $ - $ - $ - $ - Total Accrual Status: Performing $ 245 $ 104 $ 46 $ 292 $ 324 $ 2,876 $ 1,707 $ 5,594 $ 5,824 Non-Performing - - - - - 23 10 33 71 Total consumer loans $ 245 $ 104 $ 46 $ 292 $ 324 $ 2,899 $ 1,717 $ 5,627 $ 5,895 Charge-offs on total consumer loans $ - $ - $ - $ - $ - $ 59 $ - $ 59 (1) Excludes accrued interest receivable. As of March 31, 2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: Auto loans Accrual Status: Performing $ 161,277 $ 598,793 $ 498,696 $ 354,754 $ 161,557 $ 163,867 $ - $ 1,938,944 $ 1,920,688 Non-Performing - 3,437 3,664 2,810 1,374 3,847 - 15,132 15,568 Total auto loans $ 161,277 $ 602,230 $ 502,360 $ 357,564 $ 162,931 $ 167,714 $ - $ 1,954,076 $ 1,936,256 Charge-offs on auto loans $ - $ 2,724 $ 3,060 $ 1,802 $ 559 $ 1,270 $ - $ 9,415 Finance leases Accrual Status: Performing $ 67,120 $ 301,479 $ 234,744 $ 142,589 $ 59,904 $ 63,347 $ - $ 869,183 $ 853,528 Non-Performing - 391 766 410 280 897 - 2,744 3,287 Total finance leases $ 67,120 $ 301,870 $ 235,510 $ 142,999 $ 60,184 $ 64,244 $ - $ 871,927 $ 856,815 Charge-offs on finance leases $ - $ 617 $ 1,000 $ 403 $ 182 $ 394 $ - $ 2,596 Personal loans Accrual Status: Performing $ 37,598 $ 157,705 $ 106,185 $ 28,030 $ 13,945 $ 34,032 $ - $ 377,495 $ 379,434 Non-Performing - 558 855 236 93 288 - 2,030 1,841 Total personal loans $ 37,598 $ 158,263 $ 107,040 $ 28,266 $ 14,038 $ 34,320 $ - $ 379,525 $ 381,275 Charge-offs on personal loans $ - $ 1,342 $ 2,778 $ 533 $ 232 $ 573 $ - $ 5,458 Credit cards Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 323,062 $ 323,062 $ 329,212 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 323,062 $ 323,062 $ 329,212 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 5,995 $ 5,995 Other consumer loans Accrual Status: Performing $ 18,907 $ 69,275 $ 27,205 $ 8,608 $ 5,327 $ 9,689 $ 10,413 $ 149,424 $ 152,359 Non-Performing - 881 448 122 48 191 143 1,833 1,748 Total other consumer loans $ 18,907 $ 70,156 $ 27,653 $ 8,730 $ 5,375 $ 9,880 $ 10,556 $ 151,257 $ 154,107 Charge-offs on other consumer loans $ 2 $ 2,400 $ 1,672 $ 403 $ 99 $ 149 $ 175 $ 4,900 Total Accrual Status: Performing $ 284,902 $ 1,127,252 $ 866,830 $ 533,981 $ 240,733 $ 270,935 $ 333,475 $ 3,658,108 $ 3,635,221 Non-Performing - 5,267 5,733 3,578 1,795 5,223 143 21,739 22,444 Total consumer loans $ 284,902 $ 1,132,519 $ 872,563 $ 537,559 $ 242,528 $ 276,158 $ 333,618 $ 3,679,847 $ 3,657,665 Charge-offs on total consumer loans $ 2 $ 7,083 $ 8,510 $ 3,141 $ 1,072 $ 2,386 $ 6,170 $ 28,364 (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 31,2024 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 $ 25,622 $ 1,888 $ 77 $ 25,699 $ 1,888 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans - - 44,751 44,751 - C&I loans 9,390 1,598 6,702 16,092 1,598 Consumer loans: Personal loans 28 1 - 28 1 Other consumer loans 123 18 - 123 18 $ 35,163 $ 3,505 $ 52,486 $ 87,649 $ 3,505 As of December 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 $ 25,355 $ 1,732 $ - $ 25,355 $ 1,732 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans 4,454 135 40,683 45,137 135 C&I loans 9,390 1,563 6,780 16,170 1,563 Consumer loans: Personal loans 28 1 - 28 1 Other consumer loans 123 12 - 123 12 $ 39,350 $ 3,443 $ 48,419 $ 87,769 $ 3,443
TDR [Member] |
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Troubled Debt Restructurings On Financing Receivables Table [Text Block] | Quarter Ended March 31,2024 Payment Delay Only Forbearance Payment Plan Trial Modification Interest Rate Reduction Term Extension Combination of Interest Rate Reduction and Term Extension Other Total Percentage of Total by Portfolio Classes (In thousands) Conventional residential mortgage loans $ - $ - $ 464 $ - $ - $ - $ - $ 464 0.02% Construction loans - - - - - - - - - Commercial mortgage loans - - - - - - - - - C&I loans - - - 13 - - - 13 0.00% Consumer loans: Auto loans - - - - 174 125 1,036 (1) 1,335 0.07% Personal loans - - - 9 14 5 - 28 0.01% Credit cards - - - 548 (2) - - - 548 0.17% Other consumer loans - - - - 140 7 24 (1) 171 0.11% Total modifications $ - $ - $ 464 $ 570 $ 328 $ 137 $ 1,060 $ 2,559 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 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 tables present by portfolio classes the financial effects of the modifications granted to borrowers experiencing financial difficulty, other than those associated to payment delay, during the quarters ended March 31, 2024 and 2023. The financial effects of the modifications associated to payment delay were discussed above and, as such, were excluded from the tables below: Quarter Ended March 31, 2024 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) (In thousands) Conventional residential mortgage loans - % - - % - Construction loans - % - - % - Commercial mortgage loans - % - - % - C&I loans 13.00 % - - % - Consumer loans: Auto loans - % 30 2.68 % 25 Personal loans 8.49 % 25 1.79 % 14 Credit cards 16.55 % - - % - Other consumer loans - % 23 2.81 % 19 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) (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 tables present by portfolio classes the performance of loans modified during the last twelve months ended March 31, 2024 and during the quarter ended March 31, 2023 that were granted to borrowers experiencing financial difficulty: Last Twelve Months Ended March 31, 2024 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ 37 $ - $ - $ 37 $ 1,642 $ 1,679 Construction loans - - - - - - Commercial mortgage loans - - - - 32,384 32,384 C&I loans 13 - - 13 362 375 Consumer loans: Auto loans 19 3 65 87 3,184 3,271 Personal loans 11 - - 11 329 340 Credit cards 217 92 147 456 1,097 1,553 Other consumer loans 31 14 31 76 457 533 Total modifications $ 328 $ 109 $ 243 $ 680 $ 39,455 $ 40,135 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 The following table presents the amortized cost basis of classes of financing receivables that had a payment default (failure by the borrower to make payments of either principal, interest, or both for a period of 90 days or more) and were modified to borrowers experiencing financial difficulty during the last twelve months ended March 31, 2024: Last Twelve Months Ended March 31, 2024 Interest Rate Reduction Term Extension Combination of Interest Rate Reduction and Term Extension Forgiveness of Principal and/or Interest Other Total (In thousands) Conventional residential mortgage loans $ - $ - $ - $ - $ - $ - Construction loans - - - - - - Commercial mortgage loans - - - - - - C&I loans - - - - - - Consumer loans: Auto loans - 9 - - 56 (1) 65 Personal loans - - - - - - Credit cards 147 - - - - 147 Other consumer loans - 31 - - - 31 Total modifications $ 147 $ 40 $ - $ - $ 56 $ 243 (1) Modification consists of court mandated reduction to 0% interest rate for remaining loan term to borrowers in bankruptcy proceedings unless dismissal occurs.

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