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LOANS HELD FOR INVESTMENT (Tables) | 3 Months Ended
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Mar. 31, 2025
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 March 31, As of December 31, 2025 2024 (In thousands) Puerto Rico and Virgin Islands region: Residential mortgage loans, mainly secured by first mortgages $ 2,334,653 $ 2,323,205 Construction loans 193,791 184,427 Commercial mortgage loans 1,781,402 1,867,894 Commercial and Industrial (“C&I”) loans 2,289,278 2,325,875 Consumer loans 3,736,076 3,750,205 Loans held for investment $ 10,335,200 $ 10,451,606 Florida region: Residential mortgage loans, mainly secured by first mortgages $ 503,193 $ 505,226 Construction loans 40,650 43,969 Commercial mortgage loans 720,287 698,090 C&I loans 1,070,590 1,040,163 Consumer loans 5,478 7,502 Loans held for investment $ 2,340,198 $ 2,294,950 Total: Residential mortgage loans, mainly secured by first mortgages $ 2,837,846 $ 2,828,431 Construction loans 234,441 228,396 Commercial mortgage loans 2,501,689 2,565,984 C&I loans (1) 3,359,868 3,366,038 Consumer loans 3,741,554 3,757,707 Loans held for investment (2) 12,675,398 12,746,556 ACL on loans and finance leases (247,269) (243,942) Loans held for investment, net $ 12,428,129 $ 12,502,614 (1) As of March 31, 2025 and December 31, 2024, includes $ 830.8 million and $ 780.9 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 $ 22.8 million and $ 23.6 million as of March 31, 2025 and December 31, 2024, 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 March 31, 2025 and December 31, 2024 are as follows: As of March 31, 2025 Days Past Due and Accruing Current (1) 30-59 60-89 90+ (2) (3) (4) Nonaccrual (5) Total loans held for investment Nonaccrual Loans with no ACL (6) (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (1) (2) (4) $ 71,785 $ - $ 2,529 $ 17,569 $ - $ 91,883 $ - Conventional residential mortgage loans (1) (3) (5) 2,681,724 - 26,393 7,053 30,793 2,745,963 - Commercial loans: Construction loans 233,027 - 58 - 1,356 234,441 956 Commercial mortgage loans (1) (3) (5) (6) 2,476,055 292 1,142 1,045 23,155 2,501,689 14,602 C&I loans 3,333,347 2,169 115 3,893 20,344 3,359,868 845 Consumer loans: Auto loans 1,961,832 49,747 9,490 - 15,088 2,036,157 1,875 Finance leases 881,101 15,854 3,571 - 4,509 905,035 898 Personal loans 339,289 5,464 2,744 - 1,952 349,449 - Credit cards 290,313 4,587 3,438 7,488 - 305,826 - Other consumer loans 140,200 2,221 1,402 - 1,264 145,087 - Total loans held for investment $ 12,408,673 $ 80,334 $ 50,882 $ 37,048 $ 98,461 $ 12,675,398 $ 19,176 (1) 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 March 31, 2025 amounted to $ 7.1 million, $ 57.3 million, and $ 1.3 million, respectively. (2) It is the Corporation’s policy to report delinquent Federal Housing Authority (“FHA”)/U.S. Department of Veterans Affairs (“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 $ 6.8 million of residential mortgage loans guaranteed by the FHA that were over 15 months delinquent as of March 31, 2025. (3) Includes purchased credit deteriorated (“PCD”) loans previously accounted for under ASC Subtopic 310-30 for which the Corporation elected to treat pools of these loans as single assets both at the time of adoption of current expected credit loss (“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 $ 5.7 million as of March 31, 2025 ($ 4.8 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. (4) Included rebooked loans, which were previously pooled into GNMA securities, amounting to $ 6.4 million as of March 31, 2025. 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. (5) Nonaccrual loans in the Florida region amounted to $ 21.4 million as of March 31, 2025, of which $ 12.5 million was a commercial mortgage loan and $ 8.9 million were residential mortgage loans. (6) Includes $ 12.5 million related to a nonaccrual commercial mortgage loan with no ACL in the Florida region as of March 31, 2025. As of December 31, 2024 Days Past Due and Accruing Current (1) 30-59 60-89 90+ (2) (3) (4) Nonaccrual (5) Total loans held for investment Nonaccrual Loans with no ACL (6) (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (1) (2) (4) $ 70,529 $ - $ 2,907 $ 18,816 $ - $ 92,252 $ - Conventional residential mortgage loans (1) (3) (5) 2,666,959 - 29,867 7,404 31,949 2,736,179 - Commercial loans: Construction loans 227,031 - - - 1,365 228,396 968 Commercial mortgage loans (1) (3) 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 $ 10,199 (1) 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. (2) 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. (3) Includes PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation elected to treat pools of these loans as single assets 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 $ 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. (4) 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. (5) 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. (6) There were no nonaccrual loans with no ACL in the Florida region as of December 31, 2024.
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 March 31, 2025, the gross charge -offs for the quarter ended March 31, 2025 by portfolio classes and by origination year, and the amortized cost of commercial and construction loans by portfolio classes based on the internal credit-risk category as of December 31, 2024, were as follows: As of March 31, 2025 As of December 31, 2024 Puerto Rico and Virgin Islands Region Term Loans Amortized Cost Basis by Origination Year (1) 2025 2024 2023 2022 2021 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION Risk Ratings: Pass $ 7,459 $ 65,179 $ 99,812 $ 9,823 $ 2,564 $ 3,465 $ - $ 188,302 $ 179,755 Criticized: Special Mention - - - - - - - - - Substandard - - 4,133 - - 1,356 - 5,489 4,672 Doubtful - - - - - - - - - Loss - - - - - - - - - Total construction loans $ 7,459 $ 65,179 $ 103,945 $ 9,823 $ 2,564 $ 4,821 $ - $ 193,791 $ 184,427 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 12,201 $ 320,262 $ 168,300 $ 348,207 $ 137,398 $ 731,644 $ 5,645 $ 1,723,657 $ 1,804,876 Criticized: Special Mention - - 3,694 3,127 - 30,167 - 36,988 37,035 Substandard - - - - - 20,757 - 20,757 25,983 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial mortgage loans $ 12,201 $ 320,262 $ 171,994 $ 351,334 $ 137,398 $ 782,568 $ 5,645 $ 1,781,402 $ 1,867,894 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - C&I Risk Ratings: Pass $ 69,210 $ 240,936 $ 371,992 $ 273,170 $ 122,396 $ 415,175 $ 712,273 $ 2,205,152 $ 2,249,680 Criticized: Special Mention - - 3,072 - 10,004 - 39,512 52,588 44,900 Substandard - 84 191 3,225 13,824 6,305 7,909 31,538 31,295 Doubtful - - - - - - - - - Loss - - - - - - - - - Total C&I loans $ 69,210 $ 241,020 $ 375,255 $ 276,395 $ 146,224 $ 421,480 $ 759,694 $ 2,289,278 $ 2,325,875 Charge-offs on C&I loans $ - $ - $ - $ - $ - $ 47 $ 30 $ 77 (1) Excludes accrued interest receivable. As of March 31, 2025 As of December 31, 2024 Term Loans Florida Region Amortized Cost Basis by Origination Year (1) 2025 2024 2023 2022 2021 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION Risk Ratings: Pass $ - $ 17,919 $ 17,098 $ - $ - $ - $ 5,633 $ 40,650 $ 43,969 Criticized: Special Mention - - - - - - - - - Substandard - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total construction loans $ - $ 17,919 $ 17,098 $ - $ - $ - $ 5,633 $ 40,650 $ 43,969 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 41,522 $ 80,763 $ 28,567 $ 219,070 $ 100,836 $ 177,266 $ 29,137 $ 677,161 $ 672,736 Criticized: Special Mention - - - - - - - - - Substandard - - - 17,798 - 25,328 - 43,126 25,354 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial mortgage loans $ 41,522 $ 80,763 $ 28,567 $ 236,868 $ 100,836 $ 202,594 $ 29,137 $ 720,287 $ 698,090 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - C&I Risk Ratings: Pass $ 15,080 $ 294,989 $ 177,258 $ 174,614 $ 125,880 $ 109,327 $ 162,432 $ 1,059,580 $ 1,029,100 Criticized: Special Mention - - - - - 11,010 - 11,010 11,063 Substandard - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total C&I loans $ 15,080 $ 294,989 $ 177,258 $ 174,614 $ 125,880 $ 120,337 $ 162,432 $ 1,070,590 $ 1,040,163 Charge-offs on C&I loans $ - $ - $ - $ - $ - $ - $ - $ - (1) Excludes accrued interest receivable. As of March 31, 2025 As of December 31, 2024 Term Loans Total Amortized Cost Basis by Origination Year (1) 2025 2024 2023 2022 2021 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION Risk Ratings: Pass $ 7,459 $ 83,098 $ 116,910 $ 9,823 $ 2,564 $ 3,465 $ 5,633 $ 228,952 $ 223,724 Criticized: Special Mention - - - - - - - - - Substandard - - 4,133 - - 1,356 - 5,489 4,672 Doubtful - - - - - - - - - Loss - - - - - - - - - Total construction loans $ 7,459 $ 83,098 $ 121,043 $ 9,823 $ 2,564 $ 4,821 $ 5,633 $ 234,441 $ 228,396 Charge-offs on construction loans $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE Risk Ratings: Pass $ 53,723 $ 401,025 $ 196,867 $ 567,277 $ 238,234 $ 908,910 $ 34,782 $ 2,400,818 $ 2,477,612 Criticized: Special Mention - - 3,694 3,127 - 30,167 - 36,988 37,035 Substandard - - - 17,798 - 46,085 - 63,883 51,337 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial mortgage loans $ 53,723 $ 401,025 $ 200,561 $ 588,202 $ 238,234 $ 985,162 $ 34,782 $ 2,501,689 $ 2,565,984 Charge-offs on commercial mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - C&I Risk Ratings: Pass $ 84,290 $ 535,925 $ 549,250 $ 447,784 $ 248,276 $ 524,502 $ 874,705 $ 3,264,732 $ 3,278,780 Criticized: Special Mention - - 3,072 - 10,004 11,010 39,512 63,598 55,963 Substandard - 84 191 3,225 13,824 6,305 7,909 31,538 31,295 Doubtful - - - - - - - - - Loss - - - - - - - - - Total C&I loans $ 84,290 $ 536,009 $ 552,513 $ 451,009 $ 272,104 $ 541,817 $ 922,126 $ 3,359,868 $ 3,366,038 Charge-offs on C&I loans $ - $ - $ - $ - $ - $ 47 $ 30 $ 77 (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 March 31, 2025 , the gross charge-offs for the quarter ended March 31, 2025 by origination year, and the amortized cost of residential mortgage loans by portfolio classes based on accrual status as of December 31, 2024: As of March 31, 2025 As of December 31, 2024 Term Loans Amortized Cost Basis by Origination Year (1) 2025 2024 2023 2022 2021 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ - $ 1,140 $ 1,041 $ 1,575 $ 87,007 $ - $ 90,763 $ 91,124 Non-Performing - - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ - $ 1,140 $ 1,041 $ 1,575 $ 87,007 $ - $ 90,763 $ 91,124 Conventional residential mortgage loans Accrual Status: Performing $ 52,444 $ 187,942 $ 163,584 $ 149,257 $ 61,696 $ 1,607,066 $ - $ 2,221,989 $ 2,208,672 Non-Performing - - - 67 - 21,834 - 21,901 23,409 Total conventional residential mortgage loans $ 52,444 $ 187,942 $ 163,584 $ 149,324 $ 61,696 $ 1,628,900 $ - $ 2,243,890 $ 2,232,081 Total Accrual Status: Performing $ 52,444 $ 187,942 $ 164,724 $ 150,298 $ 63,271 $ 1,694,073 $ - $ 2,312,752 $ 2,299,796 Non-Performing - - - 67 - 21,834 - 21,901 23,409 Total residential mortgage loans $ 52,444 $ 187,942 $ 164,724 $ 150,365 $ 63,271 $ 1,715,907 $ - $ 2,334,653 $ 2,323,205 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ 1 $ 234 $ - $ 235 (1) Excludes accrued interest receivable. As of March 31, 2025 As of December 31, 2024 Term Loans Amortized Cost Basis by Origination Year (1) 2025 2024 2023 2022 2021 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 1,120 $ - $ 1,120 $ 1,128 Non-Performing - - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ - $ - $ - $ - $ 1,120 $ - $ 1,120 $ 1,128 Conventional residential mortgage loans Accrual Status: Performing $ 11,054 $ 88,123 $ 83,245 $ 67,541 $ 40,570 $ 202,648 $ - $ 493,181 $ 495,558 Non-Performing - - 1,158 1,224 - 6,510 - 8,892 8,540 Total conventional residential mortgage loans $ 11,054 $ 88,123 $ 84,403 $ 68,765 $ 40,570 $ 209,158 $ - $ 502,073 $ 504,098 Total Accrual Status: Performing $ 11,054 $ 88,123 $ 83,245 $ 67,541 $ 40,570 $ 203,768 $ - $ 494,301 $ 496,686 Non-Performing - - 1,158 1,224 - 6,510 - 8,892 8,540 Total residential mortgage loans $ 11,054 $ 88,123 $ 84,403 $ 68,765 $ 40,570 $ 210,278 $ - $ 503,193 $ 505,226 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - (1) Excludes accrued interest receivable. As of March 31, 2025 As of December 31, 2024 Term Loans Amortized Cost Basis by Origination Year (1) 2025 2024 2023 2022 2021 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ - $ 1,140 $ 1,041 $ 1,575 $ 88,127 $ - $ 91,883 $ 92,252 Non-Performing - - - - - - - - - Total FHA/VA government-guaranteed loans $ - $ - $ 1,140 $ 1,041 $ 1,575 $ 88,127 $ - $ 91,883 $ 92,252 Conventional residential mortgage loans Accrual Status: Performing $ 63,498 $ 276,065 $ 246,829 $ 216,798 $ 102,266 $ 1,809,714 $ - $ 2,715,170 $ 2,704,230 Non-Performing - - 1,158 1,291 - 28,344 - 30,793 31,949 Total conventional residential mortgage loans $ 63,498 $ 276,065 $ 247,987 $ 218,089 $ 102,266 $ 1,838,058 $ - $ 2,745,963 $ 2,736,179 Total Accrual Status: Performing $ 63,498 $ 276,065 $ 247,969 $ 217,839 $ 103,841 $ 1,897,841 $ - $ 2,807,053 $ 2,796,482 Non-Performing - - 1,158 1,291 - 28,344 - 30,793 31,949 Total residential mortgage loans $ 63,498 $ 276,065 $ 249,127 $ 219,130 $ 103,841 $ 1,926,185 $ - $ 2,837,846 $ 2,828,431 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ 1 $ 234 $ - $ 235 (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 March 31, 2025, the gross charge-offs for the quarter ended March 31, 2025 by portfolio classes and by origination year, and the amortized cost of consumer loans by portfolio classes based on accrual status as of December 31, 2024: As of March 31, 2025 As of December 31, 2024 Term Loans Amortized Cost Basis by Origination Year (1) 2025 2024 2023 2022 2021 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Region: Auto loans Accrual Status: Performing $ 162,352 $ 601,698 $ 473,335 $ 368,843 $ 245,610 $ 169,131 $ - $ 2,020,969 $ 2,010,690 Non-Performing - 1,712 3,941 3,254 2,493 3,687 - 15,087 15,295 Total auto loans $ 162,352 $ 603,410 $ 477,276 $ 372,097 $ 248,103 $ 172,818 $ - $ 2,036,056 $ 2,025,985 Charge-offs on auto loans $ 10 $ 1,442 $ 3,257 $ 1,997 $ 1,027 $ 981 $ - $ 8,714 Finance leases Accrual Status: Performing $ 65,078 $ 243,748 $ 252,129 $ 180,652 $ 103,616 $ 55,303 $ - $ 900,526 $ 895,634 Non-Performing - 194 1,790 1,348 329 848 - 4,509 3,812 Total finance leases $ 65,078 $ 243,942 $ 253,919 $ 182,000 $ 103,945 $ 56,151 $ - $ 905,035 $ 899,446 Charge-offs on finance leases $ - $ 260 $ 1,205 $ 872 $ 370 $ 333 $ - $ 3,040 Personal loans Accrual Status: Performing $ 28,490 $ 117,519 $ 102,811 $ 64,734 $ 14,920 $ 18,842 $ - $ 347,316 $ 358,033 Non-Performing - 432 725 530 69 196 - 1,952 2,136 Total personal loans $ 28,490 $ 117,951 $ 103,536 $ 65,264 $ 14,989 $ 19,038 $ - $ 349,268 $ 360,169 Charge-offs on personal loans $ - $ 924 $ 2,634 $ 1,675 $ 357 $ 408 $ - $ 5,998 Credit cards Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 305,826 $ 305,826 $ 321,014 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 305,826 $ 305,826 $ 321,014 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 6,074 $ 6,074 Other consumer loans Accrual Status: Performing $ 17,156 $ 57,023 $ 31,352 $ 14,606 $ 4,138 $ 5,791 $ 8,578 $ 138,644 $ 142,091 Non-Performing - 478 328 125 37 153 126 1,247 1,500 Total other consumer loans $ 17,156 $ 57,501 $ 31,680 $ 14,731 $ 4,175 $ 5,944 $ 8,704 $ 139,891 $ 143,591 Charge-offs on other consumer loans $ 8 $ 1,628 $ 1,456 $ 579 $ 149 $ 71 $ 165 $ 4,056 Total Accrual Status: Performing $ 273,076 $ 1,019,988 $ 859,627 $ 628,835 $ 368,284 $ 249,067 $ 314,404 $ 3,713,281 $ 3,727,462 Non-Performing - 2,816 6,784 5,257 2,928 4,884 126 22,795 22,743 Total consumer loans $ 273,076 $ 1,022,804 $ 866,411 $ 634,092 $ 371,212 $ 253,951 $ 314,530 $ 3,736,076 $ 3,750,205 Charge-offs on total consumer loans $ 18 $ 4,254 $ 8,552 $ 5,123 $ 1,903 $ 1,793 $ 6,239 $ 27,882 (1) Excludes accrued interest receivable. As of March 31, 2025 As of December 31, 2024 Term Loans Amortized Cost Basis by Origination Year (1) 2025 2024 2023 2022 2021 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: Auto loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 100 $ - $ 100 $ 183 Non-Performing - - - - - 1 - 1 10 Total auto loans $ - $ - $ - $ - $ - $ 101 $ - $ 101 $ 193 Charge-offs on auto loans $ - $ - $ - $ - $ - $ 16 $ - $ 16 Finance leases Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total finance leases $ - $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs on finance leases $ - $ - $ - $ - $ - $ - $ - $ - Personal loans Accrual Status: Performing $ - $ 138 $ 43 $ - $ - $ - $ - $ 181 $ 1,739 Non-Performing - - - - - - - - - Total personal loans $ - $ 138 $ 43 $ - $ - $ - $ - $ 181 $ 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 $ 128 $ 1,184 $ - $ - $ 213 $ 2,125 $ 1,529 $ 5,179 $ 5,535 Non-Performing - - - - - 15 2 17 35 Total other consumer loans $ 128 $ 1,184 $ - $ - $ 213 $ 2,140 $ 1,531 $ 5,196 $ 5,570 Charge-offs on other consumer loans $ - $ - $ - $ - $ - $ - $ - $ - Total Accrual Status: Performing $ 128 $ 1,322 $ 43 $ - $ 213 $ 2,225 $ 1,529 $ 5,460 $ 7,457 Non-Performing - - - - - 16 2 18 45 Total consumer loans $ 128 $ 1,322 $ 43 $ - $ 213 $ 2,241 $ 1,531 $ 5,478 $ 7,502 Charge-offs on total consumer loans $ - $ - $ - $ - $ - $ 16 $ - $ 16 (1) Excludes accrued interest receivable. As of March 31, 2025 As of December 31, 2024 Term Loans Amortized Cost Basis by Origination Year (1) 2025 2024 2023 2022 2021 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: Auto loans Accrual Status: Performing $ 162,352 $ 601,698 $ 473,335 $ 368,843 $ 245,610 $ 169,231 $ - $ 2,021,069 $ 2,010,873 Non-Performing - 1,712 3,941 3,254 2,493 3,688 - 15,088 15,305 Total auto loans $ 162,352 $ 603,410 $ 477,276 $ 372,097 $ 248,103 $ 172,919 $ - $ 2,036,157 $ 2,026,178 Charge-offs on auto loans $ 10 $ 1,442 $ 3,257 $ 1,997 $ 1,027 $ 997 $ - $ 8,730 Finance leases Accrual Status: Performing $ 65,078 $ 243,748 $ 252,129 $ 180,652 $ 103,616 $ 55,303 $ - $ 900,526 $ 895,634 Non-Performing - 194 1,790 1,348 329 848 - 4,509 3,812 Total finance leases $ 65,078 $ 243,942 $ 253,919 $ 182,000 $ 103,945 $ 56,151 $ - $ 905,035 $ 899,446 Charge-offs on finance leases $ - $ 260 $ 1,205 $ 872 $ 370 $ 333 $ - $ 3,040 Personal loans Accrual Status: Performing $ 28,490 $ 117,657 $ 102,854 $ 64,734 $ 14,920 $ 18,842 $ - $ 347,497 $ 359,772 Non-Performing - 432 725 530 69 196 - 1,952 2,136 Total personal loans $ 28,490 $ 118,089 $ 103,579 $ 65,264 $ 14,989 $ 19,038 $ - $ 349,449 $ 361,908 Charge-offs on personal loans $ - $ 924 $ 2,634 $ 1,675 $ 357 $ 408 $ - $ 5,998 Credit cards Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 305,826 $ 305,826 $ 321,014 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 305,826 $ 305,826 $ 321,014 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 6,074 $ 6,074 Other consumer loans Accrual Status: Performing $ 17,284 $ 58,207 $ 31,352 $ 14,606 $ 4,351 $ 7,916 $ 10,107 $ 143,823 $ 147,626 Non-Performing - 478 328 125 37 168 128 1,264 1,535 Total other consumer loans $ 17,284 $ 58,685 $ 31,680 $ 14,731 $ 4,388 $ 8,084 $ 10,235 $ 145,087 $ 149,161 Charge-offs on other consumer loans $ 8 $ 1,628 $ 1,456 $ 579 $ 149 $ 71 $ 165 $ 4,056 Total Accrual Status: Performing $ 273,204 $ 1,021,310 $ 859,670 $ 628,835 $ 368,497 $ 251,292 $ 315,933 $ 3,718,741 $ 3,734,919 Non-Performing - 2,816 6,784 5,257 2,928 4,900 128 22,813 22,788 Total consumer loans $ 273,204 $ 1,024,126 $ 866,454 $ 634,092 $ 371,425 $ 256,192 $ 316,061 $ 3,741,554 $ 3,757,707 Charge-offs on total consumer loans $ 18 $ 4,254 $ 8,552 $ 5,123 $ 1,903 $ 1,809 $ 6,239 $ 27,898 (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 March 31, 2025 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 $ 22,951 $ 1,222 $ - $ 22,951 $ 1,222 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans 9,395 134 49,466 58,861 134 C&I loans 15,359 266 5,761 21,120 266 Consumer loans: Personal loans 28 1 - 28 1 Other consumer loans 123 9 - 123 9 $ 47,856 $ 1,632 $ 56,183 $ 104,039 $ 1,632 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
TDR [Member] |
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Troubled Debt Restructurings on Financing Receivables Table [Text Block] | Quarter Ended March 31, 2025 Payment Delay Only Forbearance 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 $ - $ 95 $ - $ - $ 117 $ - $ - $ 212 0.01% Construction loans - - - - - - - - - Commercial mortgage loans - - - - - - - - - C&I loans 201 (1) - - 21 (3) 331 - - 553 0.02% Consumer loans: Auto loans - - - - 205 55 796 (2) 1,056 0.05% Personal loans - - - - 7 91 - 98 0.03% Credit cards - - - 965 (3) - - - 965 0.32% Other consumer loans - - - - 76 57 - 133 0.09% Total modifications $ 201 $ 95 $ - $ 986 $ 736 $ 203 $ 796 $ 3,017 Quarter Ended March 31, 2024 Payment Delay Only Forbearance 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 $ - $ 464 $ - $ - $ - $ - $ - $ 464 0.02% Construction loans - - - - - - - - - Commercial mortgage loans - - - - - - - - - C&I loans - - - 13 (3) - - - 13 0.00% Consumer loans: Auto loans - - - - 174 125 1,036 (2) 1,335 0.07% Personal loans - - - 9 14 5 - 28 0.01% Credit cards - - - 548 (3) - - - 548 0.17% Other consumer loans - - - - 140 7 24 (2) 171 0.11% Total modifications $ - $ 464 $ - $ 570 $ 328 $ 137 $ 1,060 $ 2,559 (1) Modification consists of a six-month deferral of principal and interest to be repaid on or before the end of the forbearance plan. (2) Modification consists of court mandated reduction to 0% interest rate for remaining loan term to borrowers in bankruptcy proceedings unless dismissal occurs. (3) 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 quarters ended March 31, 2025 and 2024. The financial effects of the modifications associated to payment delay were discussed above and, as such, were excluded from the tables below: Quarter Ended March 31, 2025 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) Conventional residential mortgage loans - % 66 - % - Construction loans - % - - % - Commercial mortgage loans - % - - % - C&I loans 14.23 % 120 - % - Consumer loans: Auto loans - % 25 1.88 % 16 Personal loans - % 36 3.65 % 23 Credit cards 16.01 % - - % - Other consumer loans - % 27 3.14 % 21 Quarter Ended March 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) Conventional residential mortgage loans - % - - % - Construction loans - % - - % - Commercial mortgage loans - % - - % - C&I loans 13.00 % - - % - Consumer loans: Auto loans - % 30 2.68 % 25 Personal loans 8.49 % 25 1.79 % 14 Credit cards 16.55 % - - % - Other consumer loans - % 23 2.81 % 19 The following tables present by portfolio classes the performance of loans modified during the last twelve months ended March 31, 2025 and 2024 that were granted to borrowers experiencing financial difficulty: Last Twelve Months Ended March 31, 2025 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ - $ - $ - $ - $ 981 $ 981 Construction loans - - - - 119 119 Commercial mortgage loans - - - - 126,974 126,974 C&I loans 6 4 - 10 10,519 10,529 Consumer loans: Auto loans 78 99 152 329 3,313 3,642 Personal loans - - - - 267 267 Credit cards 218 117 99 434 2,651 3,085 Other consumer loans 18 23 10 51 488 539 Total modifications $ 320 $ 243 $ 261 $ 824 $ 145,312 $ 146,136 Last Twelve Months Ended March 31, 2024 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ 37 $ - $ - $ 37 $ 1,642 $ 1,679 Construction loans - - - - - - Commercial mortgage loans - - - - 32,384 32,384 C&I loans 13 - - 13 362 375 Consumer loans: Auto loans 19 3 65 87 3,184 3,271 Personal loans 11 - - 11 329 340 Credit cards 217 92 147 456 1,097 1,553 Other consumer loans 31 14 31 76 457 533 Total modifications $ 328 $ 109 $ 243 $ 680 $ 39,455 $ 40,135

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