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LOANS HELD FOR INVESTMENT (Tables)
 6 Months Ended
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