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LOANS HELD FOR INVESTMENT (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, As of December 31, 2024 2023 (In thousands) Puerto Rico and Virgin Islands region: Residential mortgage loans, mainly secured by first mortgages $ 2,324,302 $ 2,356,006 Construction loans 163,774 115,401 Commercial mortgage loans 1,760,760 1,790,637 Commercial and Industrial (“C&I”) loans 2,311,945 2,249,408 Consumer loans 3,703,929 3,651,770 Loans held for investment $ 10,264,710 $ 10,163,222 Florida region: Residential mortgage loans, mainly secured by first mortgages $ 485,364 $ 465,720 Construction loans 22,183 99,376 Commercial mortgage loans 662,549 526,446 C&I loans 942,632 924,824 Consumer loans 8,070 5,895 Loans held for investment $ 2,120,798 $ 2,022,261 Total: Residential mortgage loans, mainly secured by first mortgages $ 2,809,666 $ 2,821,726 Construction loans 185,957 214,777 Commercial mortgage loans 2,423,309 2,317,083 C&I loans (1) 3,254,577 3,174,232 Consumer loans 3,711,999 3,657,665 Loans held for investment (2) 12,385,508 12,185,483 ACL on loans and finance leases (254,532) (261,843) Loans held for investment, net $ 12,130,976 $ 11,923,640 (1) As of June 30, 2024 and December 31, 2023, includes $ 785.5 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 $ 22.9 million and $ 24.7 million as of June 30, 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 June 30, 2024 and December 31, 2023 are as follows: As of June 30,2024 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) $ 70,479 $ - $ 2,753 $ 22,911 $ - $ 96,143 $ - Conventional residential mortgage loans (2) (6) 2,644,019 - 29,506 8,602 31,396 2,713,523 1,453 Commercial loans: Construction loans 181,215 - - - 4,742 185,957 971 Commercial mortgage loans (2) (6) 2,409,272 1,047 65 1,189 11,736 2,423,309 6,795 C&I loans 3,217,351 1,157 1,112 7,296 27,661 3,254,577 1,580 Consumer loans: Auto loans 1,895,003 60,591 11,760 - 14,669 1,982,023 368 Finance leases 861,235 14,271 2,229 - 2,577 880,312 137 Personal loans 367,140 6,183 2,643 - 1,999 377,965 - Credit cards 304,688 5,275 3,181 7,175 - 320,319 - Other consumer loans 144,352 3,840 1,795 - 1,393 151,380 - Total loans held for investment $ 12,094,754 $ 92,364 $ 55,044 $ 47,173 $ 96,173 $ 12,385,508 $ 11,304 (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-month delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 11.0 million of residential mortgage loans guaranteed by the FHA that were over 15 months delinquent as of June 30,2024. (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 the current expected credit loss (“CECL”) methodology 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 $ 7.4 million as of June 30, 2024 ($ 6.5 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 $ 6.8 million as of June 30,2024. 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 $ 8.1 million as of June 30,2024, primarily residential mortgage loans. (5) There were no nonaccrual loans with no ACL in the Florida region as of June 30,2024. (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 June 30, 2024 amounted to $ 7.8 million, $ 67.7 million, and $ 1.2 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-month 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 June 30, 2024, the gross charge -offs for the six-month period ended June 30, 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 June 30,2024 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 $ 12,154 $ 88,978 $ 41,129 $ 9,748 $ - $ 3,655 $ - $ 155,664 $ 113,170 Criticized: Special Mention - - - - - - - - - Substandard - 2,881 3,300 - - 1,929 - 8,110 2,231 Doubtful - - - - - - - - - Loss - - - - - - - - - Total construction loans $ 12,154 $ 91,859 $ 44,429 $ 9,748 $ - $ 5,584 $ - $ 163,774 $ 115,401 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 99,566 $ 172,589 $ 375,881 $ 140,689 $ 313,516 $ 473,812 $ 5,640 $ 1,581,693 $ 1,618,404 Criticized: Special Mention - 3,758 4,284 - 30,168 110,922 - 149,132 146,626 Substandard - - 118 - - 29,817 - 29,935 25,607 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial mortgage loans $ 99,566 $ 176,347 $ 380,283 $ 140,689 $ 343,684 $ 614,551 $ 5,640 $ 1,760,760 $ 1,790,637 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - C&I Risk Ratings: Pass $ 87,957 $ 417,655 $ 288,105 $ 141,237 $ 150,596 $ 336,955 $ 804,023 $ 2,226,528 $ 2,173,939 Criticized: Special Mention - 2,466 - 538 - 643 33,981 37,628 40,376 Substandard 196 1 - 13,984 562 28,662 4,384 47,789 35,093 Doubtful - - - - - - - - - Loss - - - - - - - - - Total C&I loans $ 88,153 $ 420,122 $ 288,105 $ 155,759 $ 151,158 $ 366,260 $ 842,388 $ 2,311,945 $ 2,249,408 Charge-offs on C&I loans $ - $ - $ 304 $ - $ - $ - $ 180 $ 484 (1) Excludes accrued interest receivable. As of June 30,2024 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 $ 813 $ 2,978 $ - $ 766 $ - $ - $ 17,626 $ 22,183 $ 99,376 Criticized: Special Mention - - - - - - - - - Substandard - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total construction loans $ 813 $ 2,978 $ - $ 766 $ - $ - $ 17,626 $ 22,183 $ 99,376 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 47,220 $ 28,888 $ 227,461 $ 105,696 $ 39,272 $ 178,650 $ 22,070 $ 649,257 $ 525,453 Criticized: Special Mention - - 12,299 - - - - 12,299 - Substandard - - - - 993 - - 993 993 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial mortgage loans $ 47,220 $ 28,888 $ 239,760 $ 105,696 $ 40,265 $ 178,650 $ 22,070 $ 662,549 $ 526,446 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - C&I Risk Ratings: Pass $ 124,032 $ 147,761 $ 226,861 $ 159,672 $ 39,165 $ 79,980 $ 153,687 $ 931,158 $ 879,195 Criticized: Special Mention - - - - - 11,474 - 11,474 42,046 Substandard - - - - - - - - 3,583 Doubtful - - - - - - - - - Loss - - - - - - - - - Total C&I loans $ 124,032 $ 147,761 $ 226,861 $ 159,672 $ 39,165 $ 91,454 $ 153,687 $ 942,632 $ 924,824 Charge-offs on C&I loans $ - $ - $ - $ - $ - $ 48 $ 259 $ 307 (1) Excludes accrued interest receivable. As of June 30,2024 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 $ 12,967 $ 91,956 $ 41,129 $ 10,514 $ - $ 3,655 $ 17,626 $ 177,847 $ 212,546 Criticized: Special Mention - - - - - - - - - Substandard - 2,881 3,300 - - 1,929 - 8,110 2,231 Doubtful - - - - - - - - - Loss - - - - - - - - - Total construction loans $ 12,967 $ 94,837 $ 44,429 $ 10,514 $ - $ 5,584 $ 17,626 $ 185,957 $ 214,777 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 146,786 $ 201,477 $ 603,342 $ 246,385 $ 352,788 $ 652,462 $ 27,710 $ 2,230,950 $ 2,143,857 Criticized: Special Mention - 3,758 16,583 - 30,168 110,922 - 161,431 146,626 Substandard - - 118 - 993 29,817 - 30,928 26,600 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial mortgage loans $ 146,786 $ 205,235 $ 620,043 $ 246,385 $ 383,949 $ 793,201 $ 27,710 $ 2,423,309 $ 2,317,083 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - C&I Risk Ratings: Pass $ 211,989 $ 565,416 $ 514,966 $ 300,909 $ 189,761 $ 416,935 $ 957,710 $ 3,157,686 $ 3,053,134 Criticized: Special Mention - 2,466 - 538 - 12,117 33,981 49,102 82,422 Substandard 196 1 - 13,984 562 28,662 4,384 47,789 38,676 Doubtful - - - - - - - - - Loss - - - - - - - - - Total C&I loans $ 212,185 $ 567,883 $ 514,966 $ 315,431 $ 190,323 $ 457,714 $ 996,075 $ 3,254,577 $ 3,174,232 Charge-offs on C&I loans $ - $ - $ 304 $ - $ - $ 48 $ 439 $ 791 (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 June 30, 2024, the gross charge-offs for the six-month period ended June 30, 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 June 30,2024 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 $ - $ 472 $ 892 $ 1,165 $ 515 $ 92,407 $ - $ 95,451 $ 99,293 Non-Performing - - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ 472 $ 892 $ 1,165 $ 515 $ 92,407 $ - $ 95,451 $ 99,293 Conventional residential mortgage loans Accrual Status: Performing $ 79,507 $ 169,119 $ 158,182 $ 65,952 $ 28,397 $ 1,704,353 $ - $ 2,205,510 $ 2,231,701 Non-Performing - - 68 - - 23,273 - 23,341 25,012 Total conventional residential mortgage loans $ 79,507 $ 169,119 $ 158,250 $ 65,952 $ 28,397 $ 1,727,626 $ - $ 2,228,851 $ 2,256,713 Total Accrual Status: Performing $ 79,507 $ 169,591 $ 159,074 $ 67,117 $ 28,912 $ 1,796,760 $ - $ 2,300,961 $ 2,330,994 Non-Performing - - 68 - - 23,273 - 23,341 25,012 Total residential mortgage loans $ 79,507 $ 169,591 $ 159,142 $ 67,117 $ 28,912 $ 1,820,033 $ - $ 2,324,302 $ 2,356,006 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ 9 $ 998 $ - $ 1,007 (1) Excludes accrued interest receivable. As of June 30,2024 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 $ - $ - $ - $ - $ - $ 692 $ - $ 692 $ 943 Non-Performing - - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ - $ - $ - $ - $ 692 $ - $ 692 $ 943 Conventional residential mortgage loans Accrual Status: Performing $ 45,841 $ 88,172 $ 75,703 $ 43,001 $ 28,195 $ 195,705 $ - $ 476,617 $ 457,550 Non-Performing - - 248 - - 7,807 - 8,055 7,227 Total conventional residential mortgage loans $ 45,841 $ 88,172 $ 75,951 $ 43,001 $ 28,195 $ 203,512 $ - $ 484,672 $ 464,777 Total Accrual Status: Performing $ 45,841 $ 88,172 $ 75,703 $ 43,001 $ 28,195 $ 196,397 $ - $ 477,309 $ 458,493 Non-Performing - - 248 - - 7,807 - 8,055 7,227 Total residential mortgage loans $ 45,841 $ 88,172 $ 75,951 $ 43,001 $ 28,195 $ 204,204 $ - $ 485,364 $ 465,720 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - (1) Excludes accrued interest receivable. As of June 30,2024 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 $ - $ 472 $ 892 $ 1,165 $ 515 $ 93,099 $ - $ 96,143 $ 100,236 Non-Performing - - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ 472 $ 892 $ 1,165 $ 515 $ 93,099 $ - $ 96,143 $ 100,236 Conventional residential mortgage loans Accrual Status: Performing $ 125,348 $ 257,291 $ 233,885 $ 108,953 $ 56,592 $ 1,900,058 $ - $ 2,682,127 $ 2,689,251 Non-Performing - - 316 - - 31,080 - 31,396 32,239 Total conventional residential mortgage loans $ 125,348 $ 257,291 $ 234,201 $ 108,953 $ 56,592 $ 1,931,138 $ - $ 2,713,523 $ 2,721,490 Total Accrual Status: Performing $ 125,348 $ 257,763 $ 234,777 $ 110,118 $ 57,107 $ 1,993,157 $ - $ 2,778,270 $ 2,789,487 Non-Performing - - 316 - - 31,080 - 31,396 32,239 Total residential mortgage loans $ 125,348 $ 257,763 $ 235,093 $ 110,118 $ 57,107 $ 2,024,237 $ - $ 2,809,666 $ 2,821,726 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ 9 $ 998 $ - $ 1,007 (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 June 30, 2024, the gross charge -offs for the six-month period ended June 30, 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 June 30, 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 $ 324,653 $ 568,467 $ 465,596 $ 326,080 $ 145,856 $ 136,207 $ - $ 1,966,859 $ 1,919,583 Non-Performing 272 3,506 3,353 2,835 1,280 3,419 - 14,665 15,556 Total auto loans $ 324,925 $ 571,973 $ 468,949 $ 328,915 $ 147,136 $ 139,626 $ - $ 1,981,524 $ 1,935,139 Charge-offs on auto loans $ 105 $ 4,897 $ 5,248 $ 2,891 $ 922 $ 1,964 $ - $ 16,027 Finance leases Accrual Status: Performing $ 130,114 $ 290,290 $ 221,226 $ 132,985 $ 54,545 $ 48,575 $ - $ 877,735 $ 853,528 Non-Performing - 500 713 441 168 755 - 2,577 3,287 Total finance leases $ 130,114 $ 290,790 $ 221,939 $ 133,426 $ 54,713 $ 49,330 $ - $ 880,312 $ 856,815 Charge-offs on finance leases $ 1 $ 1,053 $ 1,841 $ 742 $ 217 $ 672 $ - $ 4,526 Personal loans Accrual Status: Performing $ 73,338 $ 143,064 $ 94,185 $ 23,833 $ 11,961 $ 27,005 $ - $ 373,386 $ 379,161 Non-Performing 41 681 798 219 41 219 - 1,999 1,841 Total personal loans $ 73,379 $ 143,745 $ 94,983 $ 24,052 $ 12,002 $ 27,224 $ - $ 375,385 $ 381,002 Charge-offs on personal loans $ 31 $ 3,668 $ 5,253 $ 1,099 $ 388 $ 1,078 $ - $ 11,517 Credit cards Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 320,319 $ 320,319 $ 329,212 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 320,319 $ 320,319 $ 329,212 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 12,426 $ 12,426 Other consumer loans Accrual Status: Performing $ 39,101 $ 55,374 $ 23,186 $ 7,070 $ 4,479 $ 5,821 $ 9,997 $ 145,028 $ 147,913 Non-Performing 51 558 312 93 37 170 140 1,361 1,689 Total other consumer loans $ 39,152 $ 55,932 $ 23,498 $ 7,163 $ 4,516 $ 5,991 $ 10,137 $ 146,389 $ 149,602 Charge-offs on other consumer loans $ 98 $ 5,039 $ 2,820 $ 683 $ 170 $ 258 $ 325 $ 9,393 Total Accrual Status: Performing $ 567,206 $ 1,057,195 $ 804,193 $ 489,968 $ 216,841 $ 217,608 $ 330,316 $ 3,683,327 $ 3,629,397 Non-Performing 364 5,245 5,176 3,588 1,526 4,563 140 20,602 22,373 Total consumer loans $ 567,570 $ 1,062,440 $ 809,369 $ 493,556 $ 218,367 $ 222,171 $ 330,456 $ 3,703,929 $ 3,651,770 Charge-offs on total consumer loans $ 235 $ 14,657 $ 15,162 $ 5,415 $ 1,697 $ 3,972 $ 12,751 $ 53,889 (1) Excludes accrued interest receivable. As of June 30, 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 $ - $ - $ - $ - $ - $ 495 $ - $ 495 $ 1,105 Non-Performing - - - - - 4 - 4 12 Total auto loans $ - $ - $ - $ - $ - $ 499 $ - $ 499 $ 1,117 Charge-offs on auto loans $ - $ - $ - $ - $ - $ 66 $ - $ 66 Finance leases Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total finance leases $ - $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs on finance leases $ - $ - $ - $ - $ - $ - $ - $ - Personal loans Accrual Status: Performing $ 2,460 $ 49 $ - $ 71 $ - $ - $ - $ 2,580 $ 273 Non-Performing - - - - - - - - - Total personal loans $ 2,460 $ 49 $ - $ 71 $ - $ - $ - $ 2,580 $ 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 $ 547 $ 53 $ 46 $ 219 $ 321 $ 2,067 $ 1,706 $ 4,959 $ 4,446 Non-Performing - - - - - 17 15 32 59 Total other consumer loans $ 547 $ 53 $ 46 $ 219 $ 321 $ 2,084 $ 1,721 $ 4,991 $ 4,505 Charge-offs on other consumer loans $ - $ - $ - $ - $ - $ - $ - $ - Total Accrual Status: Performing $ 3,007 $ 102 $ 46 $ 290 $ 321 $ 2,562 $ 1,706 $ 8,034 $ 5,824 Non-Performing - - - - - 21 15 36 71 Total consumer loans $ 3,007 $ 102 $ 46 $ 290 $ 321 $ 2,583 $ 1,721 $ 8,070 $ 5,895 Charge-offs on total consumer loans $ - $ - $ - $ - $ - $ 66 $ - $ 66 (1) Excludes accrued interest receivable. As of June 30, 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 $ 324,653 $ 568,467 $ 465,596 $ 326,080 $ 145,856 $ 136,702 $ - $ 1,967,354 $ 1,920,688 Non-Performing 272 3,506 3,353 2,835 1,280 3,423 - 14,669 15,568 Total auto loans $ 324,925 $ 571,973 $ 468,949 $ 328,915 $ 147,136 $ 140,125 $ - $ 1,982,023 $ 1,936,256 Charge-offs on auto loans $ 105 $ 4,897 $ 5,248 $ 2,891 $ 922 $ 2,030 $ - $ 16,093 Finance leases Accrual Status: Performing $ 130,114 $ 290,290 $ 221,226 $ 132,985 $ 54,545 $ 48,575 $ - $ 877,735 $ 853,528 Non-Performing - 500 713 441 168 755 - 2,577 3,287 Total finance leases $ 130,114 $ 290,790 $ 221,939 $ 133,426 $ 54,713 $ 49,330 $ - $ 880,312 $ 856,815 Charge-offs on finance leases $ 1 $ 1,053 $ 1,841 $ 742 $ 217 $ 672 $ - $ 4,526 Personal loans Accrual Status: Performing $ 75,798 $ 143,113 $ 94,185 $ 23,904 $ 11,961 $ 27,005 $ - $ 375,966 $ 379,434 Non-Performing 41 681 798 219 41 219 - 1,999 1,841 Total personal loans $ 75,839 $ 143,794 $ 94,983 $ 24,123 $ 12,002 $ 27,224 $ - $ 377,965 $ 381,275 Charge-offs on personal loans $ 31 $ 3,668 $ 5,253 $ 1,099 $ 388 $ 1,078 $ - $ 11,517 Credit cards Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 320,319 $ 320,319 $ 329,212 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 320,319 $ 320,319 $ 329,212 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 12,426 $ 12,426 Other consumer loans Accrual Status: Performing $ 39,648 $ 55,427 $ 23,232 $ 7,289 $ 4,800 $ 7,888 $ 11,703 $ 149,987 $ 152,359 Non-Performing 51 558 312 93 37 187 155 1,393 1,748 Total other consumer loans $ 39,699 $ 55,985 $ 23,544 $ 7,382 $ 4,837 $ 8,075 $ 11,858 $ 151,380 $ 154,107 Charge-offs on other consumer loans $ 98 $ 5,039 $ 2,820 $ 683 $ 170 $ 258 $ 325 $ 9,393 Total Accrual Status: Performing $ 570,213 $ 1,057,297 $ 804,239 $ 490,258 $ 217,162 $ 220,170 $ 332,022 $ 3,691,361 $ 3,635,221 Non-Performing 364 5,245 5,176 3,588 1,526 4,584 155 20,638 22,444 Total consumer loans $ 570,577 $ 1,062,542 $ 809,415 $ 493,846 $ 218,688 $ 224,754 $ 332,177 $ 3,711,999 $ 3,657,665 Charge-offs on total consumer loans $ 235 $ 14,657 $ 15,162 $ 5,415 $ 1,697 $ 4,038 $ 12,751 $ 53,955 (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 June 30, 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 $ 24,449 $ 1,103 $ - $ 24,449 $ 1,103 Commercial loans: Construction loans 3,300 259 956 4,256 259 Commercial mortgage loans - - 43,708 43,708 - C&I loans 22,549 2,642 6,618 29,167 2,642 Consumer loans: Personal loans 28 1 - 28 1 Other consumer loans 123 10 - 123 10 $ 50,449 $ 4,015 $ 51,282 $ 101,731 $ 4,015 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 June 30, 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 $ - $ - $ 407 $ - $ 25 $ 3 $ - $ 435 0.02% Construction loans - - - - - - - - - Commercial mortgage loans - - - - 115,981 - - 115,981 4.79% C&I loans - - - - - - - - - Consumer loans: Auto loans - - - - 134 81 933 (1) 1,148 0.06% Personal loans - - - - - 89 - 89 0.02% Credit cards - - - 890 (2) - - - 890 0.28% Other consumer loans - - - - 165 132 20 (1) 317 0.21% Total modifications $ - $ - $ 407 $ 890 $ 116,305 $ 305 $ 953 $ 118,860 Quarter Ended June 30, 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 $ - $ - $ 210 $ - $ 73 $ - $ - $ 283 0.01% Construction loans - - - - - - - - - Commercial mortgage loans - - - - - 30,170 - 30,170 1.30% C&I loans - - - - 187 - - 187 0.01% Consumer loans: Auto loans - - - - 82 69 678 (1) 829 0.04% Personal loans - - - - 41 71 - 112 0.03% Credit cards - - - 486 (2) - - - 486 0.15% Other consumer loans - - - - 146 40 10 (1) 196 0.13% Total modifications $ - $ - $ 210 $ 486 $ 529 $ 30,350 $ 688 $ 32,263 Six-Month Period Ended June 30, 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 $ - $ - $ 869 $ - $ 25 $ 80 $ - $ 974 0.03% Construction loans - - - - - - - - - Commercial mortgage loans - - - - 115,981 - - 115,981 4.79% C&I loans - - - 12 - - - 12 0.00% Consumer loans: Auto loans - - - - 300 171 1,926 (1) 2,397 0.12% Personal loans - - - - 13 102 - 115 0.03% Credit cards - - - 1,406 (2) - - - 1,406 0.44% Other consumer loans - - - - 303 139 38 (1) 480 0.32% Total modifications $ - $ - $ 869 $ 1,418 $ 116,622 $ 492 $ 1,964 $ 121,365 Six-Month Period Ended June 30, 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 $ - $ - $ 542 $ - $ 503 $ 94 $ - $ 1,139 0.04% Construction loans - - - - - - - - - Commercial mortgage loans - - - - - 30,170 - 30,170 1.30% C&I loans - - - - 187 - - 187 0.01% Consumer loans: Auto loans - - - - 167 103 1,155 (1) 1,425 0.08% Personal loans - - - - 68 83 - 151 0.04% Credit cards - - - 732 (2) - - - 732 0.23% Other consumer loans - - - - 273 99 32 (1) 404 0.27% Total modifications $ - $ - $ 542 $ 732 $ 1,198 $ 30,549 $ 1,187 $ 34,208 (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 and six-month periods ended June 30, 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 June 30, 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 - % 236 0.50 % 256 Construction loans - % - - % - Commercial mortgage loans - % 96 - % - C&I loans - % - - % - Consumer loans: Auto loans - % 21 3.29 % 28 Personal loans - % - 2.99 % 19 Credit cards 17.55 % - - % - Other consumer loans - % 26 3.34 % 17 Quarter Ended June 30, 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 - % 239 - % - Construction loans - % - - % - Commercial mortgage loans - % - 0.25 % 64 C&I loans - % 72 - % - Consumer loans: Auto loans - % 27 3.96 % 30 Personal loans - % 37 5.41 % 26 Credit cards 16.26 % - - % - Other consumer loans - % 28 1.87 % 22 Six-Month Period Ended June 30, 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 - % 236 3.50 % 36 Construction loans - % - - % - Commercial mortgage loans - % 96 - % - C&I loans 13.00 % - - % - Consumer loans: Auto loans - % 26 2.57 % 28 Personal loans - % 25 3.44 % 17 Credit cards 17.11 % - - % - Other consumer loans - % 24 3.31 % 17 Six-Month Period Ended June 30, 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 - % 118 2.40 % 157 Construction loans - % - - % - Commercial mortgage loans - % - 0.25 % 64 C&I loans - % 72 - % - Consumer loans: Auto loans - % 25 3.64 % 30 Personal loans - % 34 5.11 % 24 Credit cards 16.15 % - - % - Other consumer loans - % 27 1.92 % 24 The following tables present by portfolio classes the performance of loans modified during the last twelve months ended June 30, 2024 and during the six-month period ended June 30, 2023 that were granted to borrowers experiencing financial difficulty: Last Twelve Months Ended June 30, 2024 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ - $ - $ - $ - $ 1,424 $ 1,424 Construction loans - - - - - - Commercial mortgage loans - - - - 118,190 118,190 C&I loans - - - - 186 186 Consumer loans: Auto loans 50 28 145 223 3,323 3,546 Personal loans 19 9 - 28 256 284 Credit cards 163 77 19 259 1,749 2,008 Other consumer loans 66 35 2 103 567 670 Total modifications $ 298 $ 149 $ 166 $ 613 $ 125,695 $ 126,308 Six-Month Period Ended June 30, 2023 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ - $ - $ - $ - $ 1,139 $ 1,139 Construction loans - - - - - - Commercial mortgage loans - - - - 30,170 30,170 C&I loans - - - - 187 187 Consumer loans: Auto loans 10 - - 10 1,415 1,425 Personal loans - - - - 151 151 Credit cards 40 40 - 80 652 732 Other consumer loans 22 - - 22 382 404 Total modifications $ 72 $ 40 $ - $ 112 $ 34,096 $ 34,208

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