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LOANS HELD FOR INVESTMENT (Tables) | 12 Months Ended
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Dec. 31, 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 December 31, As of December 31, 2024 2023 (In thousands) Puerto Rico and Virgin Islands region: Residential mortgage loans, mainly secured by first mortgages $ 2,323,205 $ 2,356,006 Construction loans 184,427 115,401 Commercial mortgage loans 1,867,894 1,790,637 C&I loans 2,325,875 2,249,408 Consumer loans 3,750,205 3,651,770 Loans held for investment $ 10,451,606 $ 10,163,222 Florida region: Residential mortgage loans, mainly secured by first mortgages $ 505,226 $ 465,720 Construction loans 43,969 99,376 Commercial mortgage loans 698,090 526,446 C&I loans 1,040,163 924,824 Consumer loans 7,502 5,895 Loans held for investment $ 2,294,950 $ 2,022,261 Total: Residential mortgage loans, mainly secured by first mortgages $ 2,828,431 $ 2,821,726 Construction loans 228,396 214,777 Commercial mortgage loans 2,565,984 2,317,083 C&I loans (1) 3,366,038 3,174,232 Consumer loans 3,757,707 3,657,665 Loans held for investment (2) 12,746,556 12,185,483 ACL on loans and finance leases (243,942) (261,843) Loans held for investment, net $ 12,502,614 $ 11,923,640 (1) As of December 31, 2024 and 2023, includes $ 780.9 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 $ 23.6 million and $ 24.7 million as of December 31, 2024 and 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 December 31, 2024 and 2023 are as follows: As of December 31, 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) $ 70,529 $ - $ 2,907 $ 18,816 $ - $ 92,252 $ - Conventional residential mortgage loans (2) (6) 2,666,959 - 29,867 7,404 31,949 2,736,179 1,773 Commercial loans: Construction loans 227,031 - - - 1,365 228,396 968 Commercial mortgage loans (2) (6) 2,554,226 - - 907 10,851 2,565,984 6,732 C&I loans 3,336,465 1,589 575 6,895 20,514 3,366,038 1,189 Consumer loans: Auto loans 1,935,995 61,524 13,354 - 15,305 2,026,178 1,032 Finance leases 875,663 15,879 4,092 - 3,812 899,446 275 Personal loans 349,588 6,591 3,593 - 2,136 361,908 3 Credit cards 303,311 5,366 3,969 8,368 - 321,014 - Other consumer loans 143,957 2,222 1,447 - 1,535 149,161 - Total loans held for investment $ 12,463,724 $ 93,171 $ 59,804 $ 42,390 $ 87,467 $ 12,746,556 $ 11,972 (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 $ 8.0 million of residential mortgage loans guaranteed by the FHA that were over 15 months delinquent as of December 31, 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 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 $ 6.2 million as of December 31, 2024 ($ 5.3 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 $ 5.7 million as of December 31, 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 $ 8.6 million as of December 31, 2024, of which $ 8.5 million were residential mortgage loans. (5) There were no nonaccrual loans with no ACL in the Florida region as of December 31, 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 December 31, 2024 amounted to $ 8.8 million, $ 65.6 million, and $ 1.0 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, of which $ 7.2 million were residential mortgage loans and $ 0.7 million were 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 December 31, 2024 and 2023, and the gross charge-offs for the years ended December 31, 2024 and 2023 by portfolio classes and by origination year were as follows: As of December 31,2024 Puerto Rico and Virgin Islands Regions Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total (In thousands) CONSTRUCTION Risk Ratings: Pass $ 55,802 $ 101,104 $ 9,771 $ 9,877 $ - $ 3,201 $ - $ 179,755 Criticized: Special Mention - - - - - - - - Substandard - 3,307 - - - 1,365 - 4,672 Doubtful - - - - - - - - Loss - - - - - - - - Total construction loans $ 55,802 $ 104,411 $ 9,771 $ 9,877 $ - $ 4,566 $ - $ 184,427 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 325,359 $ 169,370 $ 424,613 $ 139,839 $ 313,431 $ 426,946 $ 5,318 $ 1,804,876 Criticized: Special Mention - 3,710 3,158 - 30,167 - - 37,035 Substandard - - - - - 25,983 - 25,983 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial mortgage loans $ 325,359 $ 173,080 $ 427,771 $ 139,839 $ 343,598 $ 452,929 $ 5,318 $ 1,867,894 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - C&I Risk Ratings: Pass $ 238,283 $ 375,698 $ 277,074 $ 125,063 $ 136,222 $ 297,364 $ 799,976 $ 2,249,680 Criticized: Special Mention - 2,308 - 10,005 - 399 32,188 44,900 Substandard 148 - 3,139 14,119 230 6,445 7,214 31,295 Doubtful - - - - - - - - Loss - - - - - - - - Total C&I loans $ 238,431 $ 378,006 $ 280,213 $ 149,187 $ 136,452 $ 304,208 $ 839,378 $ 2,325,875 Charge-offs on C&I loans $ - $ 606 $ 304 $ - $ - $ 1,261 $ 264 $ 2,435 (1) Excludes accrued interest receivable. As of December 31,2024 Term Loans Florida Region Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total (In thousands) CONSTRUCTION Risk Ratings: Pass $ 13,112 $ 15,331 $ - $ - $ - $ - $ 15,526 $ 43,969 Criticized: Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Loss - - - - - - - - Total construction loans $ 13,112 $ 15,331 $ - $ - $ - $ - $ 15,526 $ 43,969 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 80,981 $ 28,684 $ 227,896 $ 104,931 $ 38,570 $ 159,595 $ 32,079 $ 672,736 Criticized: Special Mention - - - - - - - - Substandard - - 12,183 - 993 12,178 - 25,354 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial mortgage loans $ 80,981 $ 28,684 $ 240,079 $ 104,931 $ 39,563 $ 171,773 $ 32,079 $ 698,090 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - C&I Risk Ratings: Pass $ 247,268 $ 170,620 $ 188,162 $ 136,625 $ 23,563 $ 116,814 $ 146,048 $ 1,029,100 Criticized: Special Mention - - - - - 11,063 - 11,063 Substandard - - - - - - - - Doubtful - - - - - - - - Loss - - - - - - - - Total C&I loans $ 247,268 $ 170,620 $ 188,162 $ 136,625 $ 23,563 $ 127,877 $ 146,048 $ 1,040,163 Charge-offs on C&I loans $ - $ - $ - $ - $ - $ 48 $ 259 $ 307 (1) Excludes accrued interest receivable. As of December 31,2024 Term Loans Total Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total (In thousands) CONSTRUCTION Risk Ratings: Pass $ 68,914 $ 116,435 $ 9,771 $ 9,877 $ - $ 3,201 $ 15,526 $ 223,724 Criticized: Special Mention - - - - - - - - Substandard - 3,307 - - - 1,365 - 4,672 Doubtful - - - - - - - - Loss - - - - - - - - Total construction loans $ 68,914 $ 119,742 $ 9,771 $ 9,877 $ - $ 4,566 $ 15,526 $ 228,396 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 406,340 $ 198,054 $ 652,509 $ 244,770 $ 352,001 $ 586,541 $ 37,397 $ 2,477,612 Criticized: Special Mention - 3,710 3,158 - 30,167 - - 37,035 Substandard - - 12,183 - 993 38,161 - 51,337 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial mortgage loans $ 406,340 $ 201,764 $ 667,850 $ 244,770 $ 383,161 $ 624,702 $ 37,397 $ 2,565,984 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - C&I Risk Ratings: Pass $ 485,551 $ 546,318 $ 465,236 $ 261,688 $ 159,785 $ 414,178 $ 946,024 $ 3,278,780 Criticized: Special Mention - 2,308 - 10,005 - 11,462 32,188 55,963 Substandard 148 - 3,139 14,119 230 6,445 7,214 31,295 Doubtful - - - - - - - - Loss - - - - - - - - Total C&I loans $ 485,699 $ 548,626 $ 468,375 $ 285,812 $ 160,015 $ 432,085 $ 985,426 $ 3,366,038 Charge-offs on C&I loans $ - $ 606 $ 304 $ - $ - $ 1,309 $ 523 $ 2,742 (1) Excludes accrued interest receivable. As of December 31, 2023 Puerto Rico and Virgin Islands Regions Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total (In thousands) CONSTRUCTION Risk Ratings: Pass $ 52,675 $ 40,825 $ 15,936 $ - $ - $ 3,734 $ - $ 113,170 Criticized: Special Mention - - - - - - - - Substandard - - - - - 2,231 - 2,231 Doubtful - - - - - - - - Loss - - - - - - - - Total construction loans $ 52,675 $ 40,825 $ 15,936 $ - $ - $ 5,965 $ - $ 115,401 Charge-offs on construction loans $ - $ - $ - $ - $ - $ 62 $ - $ 62 COMMERCIAL MORTGAGE Risk Ratings: Pass $ 176,519 $ 381,695 $ 135,163 $ 319,111 $ 276,078 $ 326,420 $ 3,418 $ 1,618,404 Criticized: Special Mention - 4,394 - 30,169 - 112,063 - 146,626 Substandard - 124 - - - 25,483 - 25,607 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial mortgage loans $ 176,519 $ 386,213 $ 135,163 $ 349,280 $ 276,078 $ 463,966 $ 3,418 $ 1,790,637 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ 1,133 $ - $ 1,133 C&I Risk Ratings: Pass $ 410,721 $ 298,285 $ 158,636 $ 155,984 $ 249,481 $ 171,586 $ 729,246 $ 2,173,939 Criticized: Special Mention 542 - 578 - 476 2,447 36,333 40,376 Substandard 1 - 3,848 599 12,844 16,477 1,324 35,093 Doubtful - - - - - - - - Loss - - - - - - - - Total C&I loans $ 411,264 $ 298,285 $ 163,062 $ 156,583 $ 262,801 $ 190,510 $ 766,903 $ 2,249,408 Charge-offs on C&I loans $ - $ - $ - $ - $ - $ 218 $ 140 $ 358 (1) Excludes accrued interest receivable. As of December 31, 2023 Term Loans Florida Region Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total (In thousands) CONSTRUCTION Risk Ratings: Pass $ 995 $ 57,712 $ 38,289 $ - $ - $ - $ 2,380 $ 99,376 Criticized: Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Loss - - - - - - - - Total construction loans $ 995 $ 57,712 $ 38,289 $ - $ - $ - $ 2,380 $ 99,376 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 28,814 $ 186,098 $ 63,561 $ 39,844 $ 63,332 $ 119,460 $ 24,344 $ 525,453 Criticized: Special Mention - - - - - - - - Substandard - - - 993 - - - 993 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial mortgage loans $ 28,814 $ 186,098 $ 63,561 $ 40,837 $ 63,332 $ 119,460 $ 24,344 $ 526,446 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - C&I Risk Ratings: Pass $ 139,800 $ 237,189 $ 166,998 $ 47,394 $ 109,123 $ 48,106 $ 130,585 $ 879,195 Criticized: Special Mention - - 19,485 - 11,725 10,836 - 42,046 Substandard - - - 252 191 3,140 - 3,583 Doubtful - - - - - - - - Loss - - - - - - - - Total C&I loans $ 139,800 $ 237,189 $ 186,483 $ 47,646 $ 121,039 $ 62,082 $ 130,585 $ 924,824 Charge-offs on C&I loans $ - $ - $ - $ 376 $ - $ 6,202 $ - $ 6,578 (1) Excludes accrued interest receivable. As of December 31, 2023 Term Loans Total Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total (In thousands) CONSTRUCTION Risk Ratings: Pass $ 53,670 $ 98,537 $ 54,225 $ - $ - $ 3,734 $ 2,380 $ 212,546 Criticized: Special Mention - - - - - - - - Substandard - - - - - 2,231 - 2,231 Doubtful - - - - - - - - Loss - - - - - - - - Total construction loans $ 53,670 $ 98,537 $ 54,225 $ - $ - $ 5,965 $ 2,380 $ 214,777 Charge-offs on construction loans $ - $ - $ - $ - $ - $ 62 $ - $ 62 COMMERCIAL MORTGAGE Risk Ratings: Pass $ 205,333 $ 567,793 $ 198,724 $ 358,955 $ 339,410 $ 445,880 $ 27,762 $ 2,143,857 Criticized: Special Mention - 4,394 - 30,169 - 112,063 - 146,626 Substandard - 124 - 993 - 25,483 - 26,600 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial mortgage loans $ 205,333 $ 572,311 $ 198,724 $ 390,117 $ 339,410 $ 583,426 $ 27,762 $ 2,317,083 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ 1,133 $ - $ 1,133 C&I Risk Ratings: Pass $ 550,521 $ 535,474 $ 325,634 $ 203,378 $ 358,604 $ 219,692 $ 859,831 $ 3,053,134 Criticized: Special Mention 542 - 20,063 - 12,201 13,283 36,333 82,422 Substandard 1 - 3,848 851 13,035 19,617 1,324 38,676 Doubtful - - - - - - - - Loss - - - - - - - - Total C&I loans $ 551,064 $ 535,474 $ 349,545 $ 204,229 $ 383,840 $ 252,592 $ 897,488 $ 3,174,232 Charge-offs on C&I loans $ - $ - $ - $ 376 $ - $ 6,420 $ 140 $ 6,936 (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 December 31, 2024 and 2023, and the gross charge-offs for the years ended December 31, 2024 and 2023 by origination year: As of December 31,2024 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total (In thousands) Puerto Rico and Virgin Islands Regions: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ 1,146 $ 1,143 $ 927 $ 640 $ 87,268 $ - $ 91,124 Non-Performing - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ 1,146 $ 1,143 $ 927 $ 640 $ 87,268 $ - $ 91,124 Conventional residential mortgage loans Accrual Status: Performing $ 188,865 $ 165,191 $ 151,553 $ 62,795 $ 27,078 $ 1,613,190 $ - $ 2,208,672 Non-Performing - - 68 - - 23,341 - 23,409 Total conventional residential mortgage loans $ 188,865 $ 165,191 $ 151,621 $ 62,795 $ 27,078 $ 1,636,531 $ - $ 2,232,081 Total Accrual Status: Performing $ 188,865 $ 166,337 $ 152,696 $ 63,722 $ 27,718 $ 1,700,458 $ - $ 2,299,796 Non-Performing - - 68 - - 23,341 - 23,409 Total residential mortgage loans $ 188,865 $ 166,337 $ 152,764 $ 63,722 $ 27,718 $ 1,723,799 $ - $ 2,323,205 Charge-offs on residential mortgage loans $ - $ 4 $ - $ - $ 9 $ 1,958 $ - $ 1,971 (1) Excludes accrued interest receivable. As of December 31,2024 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total (In thousands) Florida Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 1,128 $ - $ 1,128 Non-Performing - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ - $ - $ - $ - $ 1,128 $ - $ 1,128 Conventional residential mortgage loans Accrual Status: Performing $ 89,474 $ 86,241 $ 69,077 $ 41,583 $ 27,147 $ 182,036 $ - $ 495,558 Non-Performing - - 1,233 - - 7,307 - 8,540 Total conventional residential mortgage loans $ 89,474 $ 86,241 $ 70,310 $ 41,583 $ 27,147 $ 189,343 $ - $ 504,098 Total Accrual Status: Performing $ 89,474 $ 86,241 $ 69,077 $ 41,583 $ 27,147 $ 183,164 $ - $ 496,686 Non-Performing - - 1,233 - - 7,307 - 8,540 Total residential mortgage loans $ 89,474 $ 86,241 $ 70,310 $ 41,583 $ 27,147 $ 190,471 $ - $ 505,226 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - (1) Excludes accrued interest receivable. As of December 31,2024 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total (In thousands) Total: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ 1,146 $ 1,143 $ 927 $ 640 $ 88,396 $ - $ 92,252 Non-Performing - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ 1,146 $ 1,143 $ 927 $ 640 $ 88,396 $ - $ 92,252 Conventional residential mortgage loans Accrual Status: Performing $ 278,339 $ 251,432 $ 220,630 $ 104,378 $ 54,225 $ 1,795,226 $ - $ 2,704,230 Non-Performing - - 1,301 - - 30,648 - 31,949 Total conventional residential mortgage loans $ 278,339 $ 251,432 $ 221,931 $ 104,378 $ 54,225 $ 1,825,874 $ - $ 2,736,179 Total Accrual Status: Performing $ 278,339 $ 252,578 $ 221,773 $ 105,305 $ 54,865 $ 1,883,622 $ - $ 2,796,482 Non-Performing - - 1,301 - - 30,648 - 31,949 Total residential mortgage loans $ 278,339 $ 252,578 $ 223,074 $ 105,305 $ 54,865 $ 1,914,270 $ - $ 2,828,431 Charge-offs on residential mortgage loans $ - $ 4 $ - $ - $ 9 $ 1,958 $ - $ 1,971 (1) Excludes accrued interest receivable. As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total (In thousands) Puerto Rico and Virgin Islands Regions: FHA/VA government-guaranteed loans Accrual Status: Performing $ 378 $ 681 $ 942 $ 525 $ 1,468 $ 95,299 $ - $ 99,293 Non-Performing - - - - - - - - Total FHA/VA government-guaranteed loans $ 378 $ 681 $ 942 $ 525 $ 1,468 $ 95,299 $ - $ 99,293 Conventional residential mortgage loans Accrual Status: Performing $ 173,086 $ 164,895 $ 69,253 $ 29,558 $ 44,289 $ 1,750,620 $ - $ 2,231,701 Non-Performing - 69 35 - 173 24,735 - 25,012 Total conventional residential mortgage loans $ 173,086 $ 164,964 $ 69,288 $ 29,558 $ 44,462 $ 1,775,355 $ - $ 2,256,713 Total Accrual Status: Performing $ 173,464 $ 165,576 $ 70,195 $ 30,083 $ 45,757 $ 1,845,919 $ - $ 2,330,994 Non-Performing - 69 35 - 173 24,735 - 25,012 Total residential mortgage loans $ 173,464 $ 165,645 $ 70,230 $ 30,083 $ 45,930 $ 1,870,654 $ - $ 2,356,006 Charge-offs on residential mortgage loans $ - $ 2 $ - $ 3 $ 12 $ 3,222 $ - $ 3,239 (1) Excludes accrued interest receivable. As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total (In thousands) Florida Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 943 $ - $ 943 Non-Performing - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ - $ - $ - $ - $ 943 $ - $ 943 Conventional residential mortgage loans Accrual Status: Performing $ 90,018 $ 77,960 $ 45,781 $ 29,166 $ 26,903 $ 187,722 $ - $ 457,550 Non-Performing - 16 - - 257 6,954 - 7,227 Total conventional residential mortgage loans $ 90,018 $ 77,976 $ 45,781 $ 29,166 $ 27,160 $ 194,676 $ - $ 464,777 Total Accrual Status: Performing $ 90,018 $ 77,960 $ 45,781 $ 29,166 $ 26,903 $ 188,665 $ - $ 458,493 Non-Performing - 16 - - 257 6,954 - 7,227 Total residential mortgage loans $ 90,018 $ 77,976 $ 45,781 $ 29,166 $ 27,160 $ 195,619 $ - $ 465,720 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ - $ 6 $ - $ 6 (1) Excludes accrued interest receivable. As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total (In thousands) Total: FHA/VA government-guaranteed loans Accrual Status: Performing $ 378 $ 681 $ 942 $ 525 $ 1,468 $ 96,242 $ - $ 100,236 Non-Performing - - - - - - - - Total FHA/VA government-guaranteed loans $ 378 $ 681 $ 942 $ 525 $ 1,468 $ 96,242 $ - $ 100,236 Conventional residential mortgage loans Accrual Status: Performing $ 263,104 $ 242,855 $ 115,034 $ 58,724 $ 71,192 $ 1,938,342 $ - $ 2,689,251 Non-Performing - 85 35 - 430 31,689 - 32,239 Total conventional residential mortgage loans $ 263,104 $ 242,940 $ 115,069 $ 58,724 $ 71,622 $ 1,970,031 $ - $ 2,721,490 Total Accrual Status: Performing $ 263,482 $ 243,536 $ 115,976 $ 59,249 $ 72,660 $ 2,034,584 $ - $ 2,789,487 Non-Performing - 85 35 - 430 31,689 - 32,239 Total residential mortgage loans $ 263,482 $ 243,621 $ 116,011 $ 59,249 $ 73,090 $ 2,066,273 $ - $ 2,821,726 Charge-offs on residential mortgage loans $ - $ 2 $ - $ 3 $ 12 $ 3,228 $ - $ 3,245 (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 December 31, 2024 and 2023, and the gross charge-offs for the years ended December 31, 2024 and 2023 by portfolio classes and by origination year: As of December 31, 2024 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total (In thousands) Puerto Rico and Virgin Islands Regions: Auto loans Accrual Status: Performing $ 630,491 $ 505,173 $ 399,840 $ 271,258 $ 115,246 $ 88,682 $ - $ 2,010,690 Non-Performing 1,412 3,794 3,182 2,810 1,227 2,870 - 15,295 Total auto loans $ 631,903 $ 508,967 $ 403,022 $ 274,068 $ 116,473 $ 91,552 $ - $ 2,025,985 Charge-offs on auto loans $ 1,711 $ 10,903 $ 10,338 $ 5,571 $ 1,872 $ 3,409 $ - $ 33,804 Finance leases Accrual Status: Performing $ 252,402 $ 266,188 $ 194,334 $ 112,417 $ 44,157 $ 26,136 $ - $ 895,634 Non-Performing 260 834 1,155 525 289 749 - 3,812 Total finance leases $ 252,662 $ 267,022 $ 195,489 $ 112,942 $ 44,446 $ 26,885 $ - $ 899,446 Charge-offs on finance leases $ 171 $ 2,628 $ 3,278 $ 1,420 $ 488 $ 1,147 $ - $ 9,132 Personal loans Accrual Status: Performing $ 127,284 $ 115,428 $ 73,254 $ 17,562 $ 8,359 $ 16,146 $ - $ 358,033 Non-Performing 173 924 593 193 40 213 - 2,136 Total personal loans $ 127,457 $ 116,352 $ 73,847 $ 17,755 $ 8,399 $ 16,359 $ - $ 360,169 Charge-offs on personal loans $ 729 $ 8,217 $ 9,503 $ 2,114 $ 667 $ 1,876 $ - $ 23,106 Credit cards Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 321,014 $ 321,014 Non-Performing - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 321,014 $ 321,014 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 24,531 $ 24,531 Other consumer loans Accrual Status: Performing $ 67,473 $ 36,941 $ 16,902 $ 4,940 $ 3,627 $ 3,587 $ 8,621 $ 142,091 Non-Performing 518 370 214 58 11 166 163 1,500 Total other consumer loans $ 67,991 $ 37,311 $ 17,116 $ 4,998 $ 3,638 $ 3,753 $ 8,784 $ 143,591 Charge-offs on other consumer loans $ 1,754 $ 9,473 $ 4,648 $ 1,120 $ 278 $ 569 $ 623 $ 18,465 Total Accrual Status: Performing $ 1,077,650 $ 923,730 $ 684,330 $ 406,177 $ 171,389 $ 134,551 $ 329,635 $ 3,727,462 Non-Performing 2,363 5,922 5,144 3,586 1,567 3,998 163 22,743 Total consumer loans $ 1,080,013 $ 929,652 $ 689,474 $ 409,763 $ 172,956 $ 138,549 $ 329,798 $ 3,750,205 Charge-offs on total consumer loans $ 4,365 $ 31,221 $ 27,767 $ 10,225 $ 3,305 $ 7,001 $ 25,154 $ 109,038 (1) Excludes accrued interest receivable. As of December 31, 2024 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total (In thousands) Florida Region: Auto loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 183 $ - $ 183 Non-Performing - - - - - 10 - 10 Total auto loans $ - $ - $ - $ - $ - $ 193 $ - $ 193 Charge-offs on auto loans $ - $ - $ - $ - $ - $ 77 $ - $ 77 Finance leases Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - Total finance leases $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs on finance leases $ - $ - $ - $ - $ - $ - $ - $ - Personal loans Accrual Status: Performing $ 1,693 $ 46 $ - $ - $ - $ - $ - $ 1,739 Non-Performing - - - - - - - - Total personal loans $ 1,693 $ 46 $ - $ - $ - $ - $ - $ 1,739 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 $ 1,186 $ 52 $ - $ 215 $ 314 $ 1,891 $ 1,877 $ 5,535 Non-Performing - - - - - 16 19 35 Total other consumer loans $ 1,186 $ 52 $ - $ 215 $ 314 $ 1,907 $ 1,896 $ 5,570 Charge-offs on other consumer loans $ - $ - $ - $ - $ - $ - $ - $ - Total Accrual Status: Performing $ 2,879 $ 98 $ - $ 215 $ 314 $ 2,074 $ 1,877 $ 7,457 Non-Performing - - - - - 26 19 45 Total consumer loans $ 2,879 $ 98 $ - $ 215 $ 314 $ 2,100 $ 1,896 $ 7,502 Charge-offs on total consumer loans $ - $ - $ - $ - $ - $ 77 $ - $ 77 (1) Excludes accrued interest receivable. As of December 31, 2024 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total (In thousands) Total: Auto loans Accrual Status: Performing $ 630,491 $ 505,173 $ 399,840 $ 271,258 $ 115,246 $ 88,865 $ - $ 2,010,873 Non-Performing 1,412 3,794 3,182 2,810 1,227 2,880 - 15,305 Total auto loans $ 631,903 $ 508,967 $ 403,022 $ 274,068 $ 116,473 $ 91,745 $ - $ 2,026,178 Charge-offs on auto loans $ 1,711 $ 10,903 $ 10,338 $ 5,571 $ 1,872 $ 3,486 $ - $ 33,881 Finance leases Accrual Status: Performing $ 252,402 $ 266,188 $ 194,334 $ 112,417 $ 44,157 $ 26,136 $ - $ 895,634 Non-Performing 260 834 1,155 525 289 749 - 3,812 Total finance leases $ 252,662 $ 267,022 $ 195,489 $ 112,942 $ 44,446 $ 26,885 $ - $ 899,446 Charge-offs on finance leases $ 171 $ 2,628 $ 3,278 $ 1,420 $ 488 $ 1,147 $ - $ 9,132 Personal loans Accrual Status: Performing $ 128,977 $ 115,474 $ 73,254 $ 17,562 $ 8,359 $ 16,146 $ - $ 359,772 Non-Performing 173 924 593 193 40 213 - 2,136 Total personal loans $ 129,150 $ 116,398 $ 73,847 $ 17,755 $ 8,399 $ 16,359 $ - $ 361,908 Charge-offs on personal loans $ 729 $ 8,217 $ 9,503 $ 2,114 $ 667 $ 1,876 $ - $ 23,106 Credit cards Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 321,014 $ 321,014 Non-Performing - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 321,014 $ 321,014 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 24,531 $ 24,531 Other consumer loans Accrual Status: Performing $ 68,659 $ 36,993 $ 16,902 $ 5,155 $ 3,941 $ 5,478 $ 10,498 $ 147,626 Non-Performing 518 370 214 58 11 182 182 1,535 Total other consumer loans $ 69,177 $ 37,363 $ 17,116 $ 5,213 $ 3,952 $ 5,660 $ 10,680 $ 149,161 Charge-offs on other consumer loans $ 1,754 $ 9,473 $ 4,648 $ 1,120 $ 278 $ 569 $ 623 $ 18,465 Total Accrual Status: Performing $ 1,080,529 $ 923,828 $ 684,330 $ 406,392 $ 171,703 $ 136,625 $ 331,512 $ 3,734,919 Non-Performing 2,363 5,922 5,144 3,586 1,567 4,024 182 22,788 Total consumer loans $ 1,082,892 $ 929,750 $ 689,474 $ 409,978 $ 173,270 $ 140,649 $ 331,694 $ 3,757,707 Charge-offs on total consumer loans $ 4,365 $ 31,221 $ 27,767 $ 10,225 $ 3,305 $ 7,078 $ 25,154 $ 109,115 (1) Excludes accrued interest receivable. As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total (In thousands) Puerto Rico and Virgin Islands Regions: Auto loans Accrual Status: Performing $ 630,507 $ 532,854 $ 384,103 $ 178,566 $ 131,913 $ 61,640 $ - $ 1,919,583 Non-Performing 2,474 4,031 3,103 1,426 2,610 1,912 - 15,556 Total auto loans $ 632,981 $ 536,885 $ 387,206 $ 179,992 $ 134,523 $ 63,552 $ - $ 1,935,139 Charge-offs on auto loans $ 1,969 $ 8,029 $ 4,688 $ 1,854 $ 2,413 $ 1,665 $ - $ 20,618 Finance leases Accrual Status: Performing $ 311,620 $ 246,085 $ 152,028 $ 64,930 $ 54,207 $ 24,658 $ - $ 853,528 Non-Performing 309 1,188 663 351 191 585 - 3,287 Total finance leases $ 311,929 $ 247,273 $ 152,691 $ 65,281 $ 54,398 $ 25,243 $ - $ 856,815 Charge-offs on finance leases $ 473 $ 1,889 $ 1,162 $ 557 $ 593 $ 725 $ - $ 5,399 Personal loans Accrual Status: Performing $ 169,905 $ 118,433 $ 32,104 $ 16,282 $ 28,224 $ 14,213 $ - $ 379,161 Non-Performing 190 1,078 207 106 145 115 - 1,841 Total personal loans $ 170,095 $ 119,511 $ 32,311 $ 16,388 $ 28,369 $ 14,328 $ - $ 381,002 Charge-offs on personal loans $ 1,118 $ 9,028 $ 2,881 $ 1,191 $ 2,317 $ 1,284 $ - $ 17,819 Credit cards Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 329,212 $ 329,212 Non-Performing - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 329,212 $ 329,212 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 18,276 $ 18,276 Other consumer loans Accrual Status: Performing $ 82,245 $ 32,594 $ 9,897 $ 5,612 $ 4,915 $ 3,731 $ 8,919 $ 147,913 Non-Performing 634 537 113 61 72 135 137 1,689 Total other consumer loans $ 82,879 $ 33,131 $ 10,010 $ 5,673 $ 4,987 $ 3,866 $ 9,056 $ 149,602 Charge-offs on other consumer loans $ 2,151 $ 7,397 $ 2,308 $ 577 $ 1,043 $ 361 $ 453 $ 14,290 Total Accrual Status: Performing $ 1,194,277 $ 929,966 $ 578,132 $ 265,390 $ 219,259 $ 104,242 $ 338,131 $ 3,629,397 Non-Performing 3,607 6,834 4,086 1,944 3,018 2,747 137 22,373 Total consumer loans $ 1,197,884 $ 936,800 $ 582,218 $ 267,334 $ 222,277 $ 106,989 $ 338,268 $ 3,651,770 Charge-offs on total consumer loans $ 5,711 $ 26,343 $ 11,039 $ 4,179 $ 6,366 $ 4,035 $ 18,729 $ 76,402 (1) Excludes accrued interest receivable. As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total (In thousands) Florida Region: Auto loans Accrual Status: Performing $ - $ - $ - $ - $ 135 $ 970 $ - $ 1,105 Non-Performing - - - - - 12 - 12 Total auto loans $ - $ - $ - $ - $ 135 $ 982 $ - $ 1,117 Charge-offs on auto loans $ - $ - $ - $ - $ 24 $ 300 $ - $ 324 Finance leases Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - Total finance leases $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs on finance leases $ - $ - $ - $ - $ - $ - $ - $ - Personal loans Accrual Status: Performing $ 202 $ - $ 71 $ - $ - $ - $ - $ 273 Non-Performing - - - - - - - - Total personal loans $ 202 $ - $ 71 $ - $ - $ - $ - $ 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 $ 54 $ 47 $ 223 $ 328 $ - $ 2,246 $ 1,548 $ 4,446 Non-Performing - - - - - 19 40 59 Total other consumer loans $ 54 $ 47 $ 223 $ 328 $ - $ 2,265 $ 1,588 $ 4,505 Charge-offs on other consumer loans $ - $ - $ - $ - $ - $ - $ - $ - Total Accrual Status: Performing $ 256 $ 47 $ 294 $ 328 $ 135 $ 3,216 $ 1,548 $ 5,824 Non-Performing - - - - - 31 40 71 Total consumer loans $ 256 $ 47 $ 294 $ 328 $ 135 $ 3,247 $ 1,588 $ 5,895 Charge-offs on total consumer loans $ - $ - $ - $ - $ 24 $ 300 $ - $ 324 (1) Excludes accrued interest receivable. As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total (In thousands) Total: Auto loans Accrual Status: Performing $ 630,507 $ 532,854 $ 384,103 $ 178,566 $ 132,048 $ 62,610 $ - $ 1,920,688 Non-Performing 2,474 4,031 3,103 1,426 2,610 1,924 - 15,568 Total auto loans $ 632,981 $ 536,885 $ 387,206 $ 179,992 $ 134,658 $ 64,534 $ - $ 1,936,256 Charge-offs on auto loans $ 1,969 $ 8,029 $ 4,688 $ 1,854 $ 2,437 $ 1,965 $ - $ 20,942 Finance leases Accrual Status: Performing $ 311,620 $ 246,085 $ 152,028 $ 64,930 $ 54,207 $ 24,658 $ - $ 853,528 Non-Performing 309 1,188 663 351 191 585 - 3,287 Total finance leases $ 311,929 $ 247,273 $ 152,691 $ 65,281 $ 54,398 $ 25,243 $ - $ 856,815 Charge-offs on finance leases $ 473 $ 1,889 $ 1,162 $ 557 $ 593 $ 725 $ - $ 5,399 Personal loans Accrual Status: Performing $ 170,107 $ 118,433 $ 32,175 $ 16,282 $ 28,224 $ 14,213 $ - $ 379,434 Non-Performing 190 1,078 207 106 145 115 - 1,841 Total personal loans $ 170,297 $ 119,511 $ 32,382 $ 16,388 $ 28,369 $ 14,328 $ - $ 381,275 Charge-offs on personal loans $ 1,118 $ 9,028 $ 2,881 $ 1,191 $ 2,317 $ 1,284 $ - $ 17,819 Credit cards Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 329,212 $ 329,212 Non-Performing - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 329,212 $ 329,212 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 18,276 $ 18,276 Other consumer loans Accrual Status: Performing $ 82,299 $ 32,641 $ 10,120 $ 5,940 $ 4,915 $ 5,977 $ 10,467 $ 152,359 Non-Performing 634 537 113 61 72 154 177 1,748 Total other consumer loans $ 82,933 $ 33,178 $ 10,233 $ 6,001 $ 4,987 $ 6,131 $ 10,644 $ 154,107 Charge-offs on other consumer loans $ 2,151 $ 7,397 $ 2,308 $ 577 $ 1,043 $ 361 $ 453 $ 14,290 Total Accrual Status: Performing $ 1,194,533 $ 930,013 $ 578,426 $ 265,718 $ 219,394 $ 107,458 $ 339,679 $ 3,635,221 Non-Performing 3,607 6,834 4,086 1,944 3,018 2,778 177 22,444 Total consumer loans $ 1,198,140 $ 936,847 $ 582,512 $ 267,662 $ 222,412 $ 110,236 $ 339,856 $ 3,657,665 Charge-offs on total consumer loans $ 5,711 $ 26,343 $ 11,039 $ 4,179 $ 6,390 $ 4,335 $ 18,729 $ 76,726 (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 December 31, 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 $ 24,163 $ 1,285 $ 80 $ 24,243 $ 1,285 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans 4,981 44 41,784 46,765 44 C&I loans 15,684 552 6,120 21,804 552 Consumer loans: Personal loans 28 1 - 28 1 Other consumer loans 123 10 - 123 10 $ 44,979 $ 1,892 $ 48,940 $ 93,919 $ 1,892 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] | Year Ended December 31, 2024 Payment Delay Only Trial Modification Change in Amortization Term 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 $ 305 $ - $ - $ 598 $ 57 $ - $ 960 0.04% Construction loans - - - 120 - - 120 0.05% Commercial mortgage loans - - - 127,161 374 - 127,535 4.97% C&I loans - 3,273 79 2,864 4,019 - (1) 10,235 0.30% Consumer loans: Auto loans - - - 442 220 3,199 (1) 3,861 0.19% Personal loans - - - 12 178 - 190 0.05% Credit cards - - 2,905 (2) - - - 2,905 0.90% Other consumer loans - - - 352 216 29 (1) 597 0.40% Total modifications $ 305 $ 3,273 $ 2,984 $ 131,549 $ 5,064 $ 3,228 $ 146,403 Year Ended December 31, 2023 Payment Delay Only Trial Modification Change in Amortization Term 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 $ 501 $ - $ - $ 999 $ 238 $ - $ 1,738 0.06% Construction loans - - - - - - - - Commercial mortgage loans - - - 2,222 30,170 - 32,392 1.40% C&I loans - - 186 185 - - 371 0.01% Consumer loans: Auto loans - - - 474 215 2,084 (1) 2,773 0.14% Personal loans - - - 138 202 - 340 0.09% Credit cards - - 1,424 (2) - - - 1,424 0.43% Other consumer loans - - - 424 78 29 (1) 531 0.34% Total modifications $ 501 $ - $ 1,610 $ 4,442 $ 30,903 $ 2,113 $ 39,569 (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 years ended December 31, 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: Year Ended December 31, 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) Change in Amortization Term (In thousands) Conventional residential mortgage loans - % 103 1.80 % 106 - Construction loans - % 83 - % - - Commercial mortgage loans - % 36 0.50 % 88 - C&I loans 15.25 % 18 3.00 % 9 38 Consumer loans: Auto loans - % 27 2.74 % 27 - Personal loans - % 25 4.01 % 16 - Credit cards 16.77 % - - % - - Other consumer loans - % 26 3.00 % 20 - Year Ended December 31, 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) Change in Amortization Term (In thousands) Conventional residential mortgage loans - % 93 2.95 % 105 - Construction loans - % - - % - - Commercial mortgage loans - % 13 0.25 % 64 - C&I loans 0.45 % 72 - % - - Consumer loans: Auto loans - % 23 2.95 % 24 - Personal loans - % 36 4.57 % 29 - Credit cards 16.09 % - - % - - Other consumer loans - % 26 1.60 % 22 - The following tables present by portfolio classes the performance of loans modified during the years ended December 31, 2024 and 2023 that were granted to borrowers experiencing financial difficulty: Year Ended December 31, 2024 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ - $ - $ - $ - $ 960 $ 960 Construction loans - - - - 120 120 Commercial mortgage loans - - - - 127,535 127,535 C&I loans - - 22 22 10,213 10,235 Consumer loans: Auto loans 15 - 10 25 3,836 3,861 Personal loans - - - - 190 190 Credit cards 382 110 52 544 2,361 2,905 Other consumer loans 32 18 7 57 540 597 Total modifications $ 429 $ 128 $ 91 $ 648 $ 145,755 $ 146,403 Year Ended December 31, 2023 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ 14 $ - $ - $ 14 $ 1,724 $ 1,738 Construction loans - - - - - - Commercial mortgage loans - - - - 32,392 32,392 C&I loans - - - - 371 371 Consumer loans: Auto loans 27 18 18 63 2,710 2,773 Personal loans 52 - 15 67 273 340 Credit cards 43 16 2 61 1,363 1,424 Other consumer loans 46 11 20 77 454 531 Total modifications $ 182 $ 45 $ 55 $ 282 $ 39,287 $ 39,569 Troubled Debt Restructuring (“TDR”) Disclosures Prior to Adoption of ASU 2022-02 The following provides additional disclosures previously required by ASC Subtopic 310-40, Receivables - Troubled Debt Restructurings by Creditors, related to the year ended December 31, 2022. Prior to the adoption of ASU 2022-02, a restructuring of a loan constituted a TDR if the creditor, for economic or legal reasons related to the borrower's financial difficulties, granted a concession to the borrower that it would not otherwise consider. See Note 1 -“Nature of Business and Summary of Significant Accounting Policies” and Note 4 - “Loans Held For Investment” included in the Annual Report on Form 10-K for the year ended December 31, 2022, as amended on October 13, 2023, for additional discussion of TDRs. The following tables present TDR loans completed during the year ended December 31, 2022: Year Ended December 21, 2022 Total Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Other (1) Total (In thousands) TDRs: Conventional residential mortgage loans $ 433 $ 1,551 $ 242 $ - $ 4,874 $ 7,100 Construction loans - - - - - - Commercial mortgage loans - 245 5,178 - 467 5,890 C&I loans 2,402 - 618 825 1,083 4,928 Consumer loans: Auto loans 2,877 232 345 - - 3,454 Finance leases - 573 - - 18 591 Personal loans 99 171 105 - 19 394 Credit cards 816 (2) - - - - 816 Other consumer loans 112 272 16 43 - 443 Total TDRs $ 6,739 $ 3,044 $ 6,504 $ 868 $ 6,461 $ 23,616 (1) Other concessions granted by the Corporation include payment plans under judicial stipulation or loss mitigation programs, or a combination of two or more of the concessions listed in the table. Amounts included in Other that represent a combination of concessions are excluded from the amounts reported in the column for such individual concessions. (2) Concession consists of reduction in interest rate and revocation of revolving line privileges. Year Ended December 31, 2022 Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost (Dollars in thousands) TDRs: Conventional residential mortgage loans 68 $ 7,165 $ 7,100 Construction loans - - - Commercial mortgage loans 3 5,897 5,890 C&I loans 17 5,156 4,928 Consumer loans: Auto loans 168 3,404 3,454 Finance leases 33 592 591 Personal loans 26 366 394 Credit Cards 170 815 816 Other consumer loans 115 434 443 Total TDRs 600 $ 23,829 $ 23,616 Loan modifications considered TDR loans that defaulted (failure by the borrower to make payments of either principal, interest, or both for a period of 90 days or more) during the year ended December 31, 2022, and had become TDR loans during the 12-months preceding the default date, were as follows: Year Ended December 31, 2022 Number of contracts Amortized Cost (Dollars in thousands) Conventional residential mortgage loans 2 $ 124 Construction loans - - Commercial mortgage loans - - C&I loans - - Consumer loans: Auto loans 96 2,049 Finance leases 1 16 Personal loans - - Credit cards 28 156 Other consumer loans 8 30 Total 135 $ 2,375

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