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OTHER REAL ESTATE OWNED (OREO) (Tables)
 9 Months Ended
Sep. 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:
September 30, 2024
December 31, 2023
(In thousands)
OREO balances, carrying value:
Residential
(1)
$
14,451
$
20,261
Construction
1,125
1,601
Commercial
 
(2)
3,754
10,807
Total
$
19,330
$
32,669
(1)
Excludes $
7.2
 
million and $
16.6
 
million as of September 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
 
first nine months of 2024 at a gain of $
2.3
 
million.