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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2025
SEGMENT INFORMATION [Abstract] |
Information by Segment [Table Text Block] | The following tables present information about the reportable segments for the indicated periods: Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Quarter ended March 31, 2025: Interest income $ 32,064 $ 105,753 $ 61,872 $ 32,638 $ 37,400 $ 7,338 $ 277,065 Net (charge) credit for transfer of funds (14,478) 75,097 (15,280) (54,717) (1,039) 10,417 - Interest expense - (37,835) (3,783) (5,580) (15,572) (1,898) (64,668) Net interest income (loss) 17,586 143,015 42,809 (27,659) 20,789 15,857 212,397 Provision for credit losses - expense (benefit) 676 20,020 2,654 (5) 849 616 24,810 Non-interest income 3,582 26,193 2,257 151 854 2,697 35,734 Non-interest expenses: Employees’ compensation and benefits 6,972 36,619 5,764 1,140 6,999 4,643 62,137 Occupancy and equipment 1,517 15,129 1,604 173 1,878 2,329 22,630 Business promotion 203 2,320 218 170 273 94 3,278 Professional fees 1,540 6,244 1,042 348 948 1,364 11,486 Taxes, other than income taxes 471 4,394 605 120 117 171 5,878 FDIC deposit insurance 415 778 668 - 237 138 2,236 Net (gain) loss on OREO operations (1,096) - 36 - - (69) (1,129) Credit and debit card processing expenses - 4,002 260 - 2 846 5,110 Other non-interest expenses (1) 972 6,733 1,412 648 711 920 11,396 Total non-interest expenses 10,994 76,219 11,609 2,599 11,165 10,436 123,022 Segment income (loss) $ 9,498 $ 72,969 $ 30,803 $ (30,102) $ 9,629 $ 7,502 $ 100,299 Average interest-earning assets $ 2,156,558 $ 4,056,039 $ 3,550,790 $ 5,730,140 $ 2,391,708 $ 426,092 $ 18,311,327 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Quarter ended March 31, 2024: Interest income $ 31,557 $ 104,644 $ 62,150 $ 28,058 $ 34,765 $ 7,331 $ 268,505 Net (charge) credit for transfer of funds (13,411) 66,558 (20,538) (39,630) (2,238) 9,259 - Interest expense - (38,063) (4,036) (13,118) (14,542) (2,226) (71,985) Net interest income (loss) 18,146 133,139 37,576 (24,690) 17,985 14,364 196,520 Provision for credit losses - (benefit) expense (266) 15,911 (2,926) (69) 82 (565) 12,167 Non-interest income 3,121 25,719 1,652 111 907 2,473 33,983 Non-interest expenses: Employees’ compensation and benefits 6,751 34,987 4,918 992 7,273 4,585 59,506 Occupancy and equipment 1,423 14,288 1,361 200 1,924 2,185 21,381 Business promotion 232 2,772 234 216 235 153 3,842 Professional fees 2,330 6,957 939 317 1,087 1,046 12,676 Taxes, other than income taxes 419 3,890 437 95 128 160 5,129 FDIC deposit insurance 574 1,071 917 - 311 229 3,102 Net (gain) loss on OREO operations (1,523) - 46 - - 25 (1,452) Credit and debit card processing expenses - 4,811 194 - 2 744 5,751 Other non-interest expenses (1) 817 6,601 1,505 604 629 832 10,988 Total non-interest expenses 11,023 75,377 10,551 2,424 11,589 9,959 120,923 Segment income (loss) $ 10,510 $ 67,570 $ 31,603 $ (26,934) $ 7,221 $ 7,443 $ 97,413 Average interest-earning assets $ 2,132,484 $ 3,990,853 $ 3,498,479 $ 5,900,300 $ 2,087,816 $ 413,229 $ 18,023,161 (1) Consists of communication expenses and the expense categories described in Note 19 - “Other Non-Interest Expenses,” to the audited consolidated financial statements included in the 2024 Annual Report on Form 10-K.
Reconciliation of the Reportable Segment Financial Information [Table Text Block] | The following table presents a reconciliation of the reportable segment financial information to the consolidated totals for the indicated periods: Quarter Ended March 31, 2025 2024 (In thousands) Average assets: Total average interest-earning assets for segments $ 18,311,327 $ 18,023,161 Average non-interest-earning assets (1) 795,775 835,138 Total consolidated average assets $ 19,107,102 $ 18,858,299 (1) Includes, among other things, non-interest-earning cash, premises and equipment, net deferred tax asset, ROU assets, and accrued interest receivable on loans and investments.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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