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OTHER REAL ESTATE OWNED (OREO) (Tables)
 6 Months Ended
Jun. 30, 2024
OTHER REAL ESTATE OWNED (OREO) [Abstract]  
Schedule Of Other Real Estate Assets And Foreclosed Properties [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table presents the OREO inventory as of the indicated dates:
June 30, 2024
December 31, 2023
(In thousands)
OREO balances, carrying value:
Residential
(1)
$
15,468
$
20,261
Construction
1,658
1,601
Commercial
 
(2)
4,556
10,807
Total
$
21,682
$
32,669
(1)
Excludes $
11.3
 
million and $
16.6
 
million as of June
 
30, 2024 and December
 
31, 2023, respectively,
 
of foreclosures that met
 
the conditions of ASC
 
Subtopic 310-40 “Reclassification
 
of
Residential Real
 
Estate Collateralized Consumer
 
Mortgage Loans upon
 
Foreclosure,” and
 
are presented as
 
a receivable as
 
part of other
 
assets in
 
the consolidated statements
 
of financial
condition.
(2)
Decrease was mainly associated with the sale of a $
5.3
 
million commercial real estate OREO property in Puerto Rico during the
 
second quarter of 2024 at a gain of $
2.3
 
million.