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OTHER REAL ESTATE OWNED (OREO) (Tables) | 9 Months Ended
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Sep. 30, 2025
OTHER REAL ESTATE OWNED (OREO) [Abstract] |
Other Real Estate Owned [Table Text Block] | The following table presents the OREO inventory as of the indicated dates: September 30, 2025 December 31, 2024 (In thousands) OREO balances, carrying value: Residential (1) $ 8,347 $ 12,897 Construction 435 522 Commercial (2) 561 3,887 Total $ 9,343 $ 17,306 (1) Excludes $ 3.8 million and $ 5.2 million as of September 30, 2025 and December 31, 2024, respectively, of foreclosures that met the conditions of ASC Subtopic 310-40 “Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure,” and are presented as a receivable as part of other assets in the consolidated statements of financial condition. (2) During the third quarter of 2025, the Corporation recorded a $ 2.8 million valuation adjustment in connection with ongoing litigation involving a commercial OREO property in the Virgin Islands region. See Note 19 – “Regulatory Matters, Commitments and Contingencies” for further details.

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