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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
9 Months Ended
Sep. 30, 2024
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract]  
Disaggregation of Revenue [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter ended September 30, 2024
Mortgage
Banking
Consumer
(Retail)
Banking
Commercial
and Corporate
Treasury and
Investments
United States
Operations
Virgin Islands
Operations
Total
(In thousands)
Net interest income (loss)
(1)
$
13,590
$
146,585
$
19,932
$
(1,634)
$
19,007
$
4,584
$
202,064
Service charges and fees on deposit accounts
-
5,226
3,556
-
149
753
9,684
Insurance commission income
-
2,824
-
-
75
104
3,003
Card and processing income
-
10,851
10
-
10
897
11,768
Other service charges and fees
55
979
842
-
698
157
2,731
Not in scope of ASC Topic
 
606
 
(1)
3,353
1,334
306
238
19
66
5,316
 
Total non-interest income
3,408
21,214
4,714
238
951
1,977
32,502
Total Revenue (Loss)
$
16,998
$
167,799
$
24,646
$
(1,396)
$
19,958
$
6,561
$
234,566
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter ended September 30, 2023
Mortgage
Banking
Consumer
(Retail)
Banking
Commercial
and Corporate
Treasury and
Investments
United States
Operations
Virgin Islands
Operations
Total
(In thousands)
Net interest income (loss)
(1)
$
18,279
$
147,066
$
13,212
$
(4,055)
$
19,749
$
5,477
$
199,728
Service charges and fees on deposit accounts
-
5,286
3,406
-
155
705
9,552
Insurance commission income
-
2,596
-
-
68
126
2,790
Card and processing income
-
9,982
24
-
23
812
10,841
Other service charges and fees
50
1,262
853
-
615
163
2,943
Not in scope of ASC Topic
 
606
(1)
2,971
1,044
185
(3)
(14)
(13)
4,170
 
Total non-interest income
 
(loss)
3,021
20,170
4,468
(3)
847
1,793
30,296
Total Revenue (Loss)
$
21,300
$
167,236
$
17,680
$
(4,058)
$
20,596
$
7,270
$
230,024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine-Month Period Ended September 30, 2024
Mortgage
Banking
Consumer
(Retail)
Banking
Commercial and
Corporate
Treasury and
Investments
United States
Operations
Virgin Islands
Operations
Total
(In thousands)
Net interest income loss
(1)
$
43,745
$
446,801
$
49,787
$
(13,017)
$
56,139
$
14,757
$
598,212
Service charges and fees on deposit accounts
-
15,761
10,584
-
452
2,274
29,071
Insurance commission income
-
10,621
-
-
161
514
11,296
Card and processing income
-
31,561
52
-
119
2,871
34,603
Other service charges and fees
154
2,995
2,736
-
1,932
451
8,268
Not in scope of ASC Topic
 
606
 
(1)
9,934
4,145
659
419
22
106
15,285
 
Total non-interest income
10,088
65,083
14,031
419
2,686
6,216
98,523
Total Revenue (Loss)
$
53,833
$
511,884
$
63,818
$
(12,598)
$
58,825
$
20,973
$
696,735
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine-Month Period Ended September 30, 2023
Mortgage
Banking
Consumer
(Retail)
Banking
Commercial and
Corporate
Treasury and
Investments
United States
Operations
Virgin Islands
Operations
Total
(In thousands)
Net interest income (loss)
(1)
$
61,427
$
427,407
$
41,085
$
(7,502)
$
60,369
$
17,642
$
600,428
Service charges and fees on deposit accounts
-
15,859
9,886
-
492
2,143
28,380
Insurance commission income
-
9,700
-
-
175
509
10,384
Card and processing income
-
30,035
74
-
103
2,682
32,894
Other service charges and fees
244
3,922
2,801
-
1,858
714
9,539
Not in scope of ASC Topic
 
606
 
(1)
8,913
2,909
4,027
1,837
221
(19)
17,888
 
Total non-interest income
9,157
62,425
16,788
1,837
2,849
6,029
99,085
Total Revenue (Loss)
$
70,584
$
489,832
$
57,873
$
(5,665)
$
63,218
$
23,671
$
699,513
(1)
Most of the Corporation’s
 
revenue is not within the scope of
 
ASC Topic 606.
 
The guidance explicitly excludes net interest income
 
from financial assets and liabilities, as
 
well as other non-interest income
 
from loans,
leases, investment securities and derivative financial instruments.
 
For the nine-month period ended September 30, 2024, revenue
 
not within the scope of ASC Topic
 
606 includes $
1.5
 
million in insurance proceeds, of
which $
0.8
 
million was received in
 
the third quarter
 
related to a
 
2020 outstanding insurance claim.
 
For the nine-month
 
period ended September 30,
 
2023, revenue not within
 
the scope of ASC
 
Topic 606
 
includes a
$
3.6
 
million gain recognized from a legal settlement and a $
1.6
 
million gain on the repurchase of $
21.4
 
million in junior subordinated debentures.