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Allowance for Loan and Lease Losses (Tables) | 9 Months Ended
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Sep. 30, 2015
Loans Receivable [Abstract] |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | The composition of the Company’s allowance for loan and lease losses at September 30, 2015 and December 31, 2014 was as follows:
| September 30, |  | December 31,
| 2015 |  | 2014
| (In thousands)
Allowance for loans and lease losses on non-acquired loans: |  |  |  |  |
Originated and other loans and leases held for investment: |  |  |  |  |
Mortgage | $ | 17,292 |  | $ | 19,679
Commercial |  | 35,524 |  |  | 8,432
Consumer |  | 10,816 |  |  | 9,072
Auto and leasing |  | 16,674 |  |  | 14,255
Unallocated |  | 45 |  |  | 1
Total allowance for originated and other loans and lease losses |  | 80,351 |  |  | 51,439
Acquired loans: |  |  |  |  |
Acquired BBVAPR loans: |  |  |  |  |
Accounted for under ASC 310-20 (Loans with revolving feature and/or |  |  |  |  |
acquired at a premium) |  |  |  |  |
Commercial |  | 22 |  |  | 65
Consumer |  | 3,057 |  |  | 1,211
Auto |  | 2,394 |  |  | 3,321
|  | 5,473 |  |  | 4,597
Accounted for under ASC 310-30 (Loans acquired with deteriorated |  |  |  |  |
credit quality, including those by analogy) |  |  |  |  |
Mortgage |  | 473 |  |  | -
Commercial |  | 16,567 |  |  | 13,476
Consumer |  | 84 |  |  | 5
Auto |  | 2,862 |  |  | -
|  | 19,986 |  |  | 13,481
Total allowance for acquired BBVAPR loans and lease losses |  | 105,810 |  |  | 69,517
Acquired Eurobank loans: |  |  |  |  |
Loans secured by 1-4 family residential properties |  | 32,685 |  |  | 15,522
Commercial and other construction |  | 57,280 |  |  | 48,334
Consumer |  | 367 |  |  | 389
Total allowance for acquired Eurobank loan and lease losses |  | 90,332 |  |  | 64,245
Total allowance for loan and lease losses | $ | 196,142 |  | $ | 133,762
Allowance for Originated and Other Loan and Lease Losses Held for Investment The following tables present the activity in our allowance for loan and lease losses and the related recorded investment of the associated loans for our originated and other loans held for investment portfolio by segment for the periods indicated:
| Quarter Ended September 30, 2015
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for originated and other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 18,076 |  | $ | 34,779 |  | $ | 10,464 |  | $ | 15,064 |  | $ | 606 |  | $ | 78,989
Charge-offs |  | (1,058) |  |  | (828) |  |  | (2,471) |  |  | (8,510) |  |  | - |  |  | (12,867)
Recoveries |  | 270 |  |  | 63 |  |  | 186 |  |  | 3,251 |  |  | - |  |  | 3,770
Provision (recapture) for originated and other loans and lease losses |  | 4 |  |  | 1,510 |  |  | 2,637 |  |  | 6,869 |  |  | (561) |  |  | 10,459
Balance at end of period | $ | 17,292 |  | $ | 35,524 |  | $ | 10,816 |  | $ | 16,674 |  | $ | 45 |  | $ | 80,351
| Nine-Month Period Ended September 30, 2015
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for originated and other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 19,679 |  | $ | 8,432 |  | $ | 9,072 |  | $ | 14,255 |  | $ | 1 |  | $ | 51,439
Charge-offs |  | (3,829) |  |  | (2,317) |  |  | (6,456) |  |  | (24,307) |  |  | - |  |  | (36,909)
Recoveries |  | 338 |  |  | 372 |  |  | 729 |  |  | 10,060 |  |  | - |  |  | 11,499
Provision (recapture) for originated and other loans and lease losses |  | 1,104 |  |  | 29,037 |  |  | 7,471 |  |  | 16,666 |  |  | 44 |  |  | 54,322
Balance at end of period | $ | 17,292 |  | $ | 35,524 |  | $ | 10,816 |  | $ | 16,674 |  | $ | 45 |  | $ | 80,351
| September 30, 2015
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses on originated and other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 8,249 |  | $ | 26,809 |  | $ | - |  | $ | - |  | $ | - |  | $ | 35,058
Collectively evaluated for impairment |  | 9,043 |  |  | 8,715 |  |  | 10,816 |  |  | 16,674 |  |  | 45 |  |  | 45,293
Total ending allowance balance | $ | 17,292 |  | $ | 35,524 |  | $ | 10,816 |  | $ | 16,674 |  | $ | 45 |  | $ | 80,351
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 90,530 |  | $ | 233,114 |  | $ | - |  | $ | - |  | $ | - |  | $ | 323,644
Collectively evaluated for impairment |  | 672,106 |  |  | 1,156,239 |  |  | 227,756 |  |  | 647,544 |  |  | - |  |  | 2,703,645
Total ending loan balance | $ | 762,636 |  | $ | 1,389,353 |  | $ | 227,756 |  | $ | 647,544 |  | $ | - |  | $ | 3,027,289
| Quarter Ended September 30, 2014
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for originated and other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 19,062 |  | $ | 12,423 |  | $ | 7,887 |  | $ | 11,127 |  | $ | 139 |  | $ | 50,638
Charge-offs |  | (1,563) |  |  | (1,081) |  |  | (1,585) |  |  | (7,393) |  |  | - |  |  | (11,622)
Recoveries |  | 138 |  |  | 56 |  |  | 66 |  |  | 2,434 |  |  | - |  |  | 2,694
Provision (recapture) for originated and other loan and lease losses |  | 1,235 |  |  | (2,286) |  |  | 2,341 |  |  | 7,236 |  |  | 43 |  |  | 8,569
Balance at end of period | $ | 18,872 |  | $ | 9,112 |  | $ | 8,709 |  | $ | 13,404 |  | $ | 182 |  | $ | 50,279
| Nine-Month Period Ended September 30, 2014
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for originated and other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 19,937 |  | $ | 14,897 |  | $ | 6,006 |  | $ | 7,866 |  | $ | 375 |  | $ | 49,081
Charge-offs |  | (3,764) |  |  | (2,043) |  |  | (3,820) |  |  | (17,994) |  |  | - |  |  | (27,621)
Recoveries |  | 374 |  |  | 269 |  |  | 457 |  |  | 6,094 |  |  | - |  |  | 7,194
Provision (recapture) for originated and other loan and lease losses |  | 2,325 |  |  | (4,011) |  |  | 6,066 |  |  | 17,438 |  |  | (193) |  |  | 21,625
Balance at end of period | $ | 18,872 |  | $ | 9,112 |  | $ | 8,709 |  | $ | 13,404 |  | $ | 182 |  | $ | 50,279
| December 31, 2014
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses on originated and other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 8,968 |  | $ | 841 |  | $ | - |  | $ | - |  | $ | - |  | $ | 9,809
Collectively evaluated for impairment |  | 10,711 |  |  | 7,591 |  |  | 9,072 |  |  | 14,255 |  |  | 1 |  |  | 41,630
Total ending allowance balance | $ | 19,679 |  | $ | 8,432 |  | $ | 9,072 |  | $ | 14,255 |  | $ | 1 |  | $ | 51,439
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 94,185 |  | $ | 236,270 |  | $ | - |  | $ | - |  | $ | - |  | $ | 330,455
Collectively evaluated for impairment |  | 697,566 |  |  | 1,053,462 |  |  | 186,760 |  |  | 575,582 |  |  | - |  |  | 2,513,370
Total ending loan balance | $ | 791,751 |  | $ | 1,289,732 |  | $ | 186,760 |  | $ | 575,582 |  | $ | - |  | $ | 2,843,825
Allowance for BBVAPR Acquired Loan Losses Loans a ccounted for under ASC 310-2 0 (Loans with revolving feature and/or acquired at a premium) T he following table s present the activity in our allowance for loan losses and related recorded investment of the associated loans in our BBVAPR acquired loan portfolio, excluding loans accounted for under ASC 310-30, for the periods indicated
| Quarter Ended September 30, 2015
| Commercial |  | Consumer |  | Auto |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 54 |  | $ | 2,616 |  | $ | 2,859 |  | $ | - |  | $ | 5,529
Charge-offs |  | (22) |  |  | (1,103) |  |  | (1,150) |  |  | - |  |  | (2,275)
Recoveries |  | 7 |  |  | 59 |  |  | 502 |  |  | - |  |  | 568
Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20 |  | (17) |  |  | 1,485 |  |  | 183 |  |  | - |  |  | 1,651
Balance at end of period | $ | 22 |  | $ | 3,057 |  | $ | 2,394 |  | $ | - |  | $ | 5,473
| Nine-Month Period Ended September 30, 2015
| Commercial |  | Consumer |  | Auto |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 65 |  | $ | 1,211 |  | $ | 3,321 |  | $ | - |  | $ | 4,597
Charge-offs |  | (38) |  |  | (3,789) |  |  | (3,454) |  |  | - |  |  | (7,281)
Recoveries |  | 24 |  |  | 622 |  |  | 1,574 |  |  | - |  |  | 2,220
Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20 |  | (29) |  |  | 5,013 |  |  | 953 |  |  | - |  |  | 5,937
Balance at end of period | $ | 22 |  | $ | 3,057 |  | $ | 2,394 |  | $ | - |  | $ | 5,473
| September 30, 2015
| Commercial |  | Consumer |  | Auto |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collectively evaluated for impairment | $ | 22 |  | $ | 3,057 |  | $ | 2,394 |  | $ | - |  | $ | 5,473
Total ending allowance balance | $ | 22 |  | $ | 3,057 |  | $ | 2,394 |  | $ | - |  | $ | 5,473
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 485 |  | $ | - |  | $ | - |  | $ | - |  | $ | 485
Collectively evaluated for impairment |  | 7,251 |  |  | 39,774 |  |  | 124,120 |  |  | - |  |  | 171,145
Total ending loan balance | $ | 7,736 |  | $ | 39,774 |  | $ | 124,120 |  | $ | - |  | $ | 171,630
| Quarter Ended September 30, 2014
| Commercial |  | Consumer |  | Auto |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 464 |  | $ | 338 |  | $ | 2,642 |  | $ | - |  | $ | 3,444
Charge-offs |  | (228) |  |  | (1,432) |  |  | (1,748) |  |  | - |  |  | (3,408)
Recoveries |  | 35 |  |  | 139 |  |  | 519 |  |  | - |  |  | 693
Provision (recapture) for acquired loan and lease losses accounted for under ASC 310-20 |  | (1) |  |  | 1,986 |  |  | 1,746 |  |  | - |  |  | 3,731
Balance at end of period | $ | 270 |  | $ | 1,031 |  | $ | 3,159 |  | $ | - |  | $ | 4,460
| Nine-Month Period Ended September 30, 2014
| Commercial |  | Consumer |  | Auto |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 926 |  | $ | - |  | $ | 1,428 |  | $ | - |  | $ | 2,354
Charge-offs |  | (512) |  |  | (5,442) |  |  | (4,414) |  |  | - |  |  | (10,368)
Recoveries |  | 65 |  |  | 363 |  |  | 1,504 |  |  | - |  |  | 1,932
Provision (recapture) for acquired loan and lease losses accounted for under ASC 310-20 |  | (209) |  |  | 6,110 |  |  | 4,641 |  |  | - |  |  | 10,542
Balance at end of period | $ | 270 |  | $ | 1,031 |  | $ | 3,159 |  | $ | - |  | $ | 4,460
| December 31, 2014
| Commercial |  | Consumer |  | Auto |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collectively evaluated for impairment | $ | 65 |  | $ | 1,211 |  | $ | 3,321 |  | $ | - |  | $ | 4,597
Total ending allowance balance | $ | 65 |  | $ | 1,211 |  | $ | 3,321 |  | $ | - |  | $ | 4,597
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 672 |  | $ | - |  | $ | - |  | $ | - |  | $ | 672
Collectively evaluated for impairment |  | 12,003 |  |  | 45,344 |  |  | 184,782 |  |  | - |  |  | 242,129
Total ending loan balance | $ | 12,675 |  | $ | 45,344 |  | $ | 184,782 |  | $ | - |  | $ | 242,801
The following table s present the activity in our allowance for loan losses and related recorded investment of the associated loans in our acquired BBVAPR loan portfolio accounted for under ASC 310-30, for the periods indicated:
| Quarter Ended September 30, 2015
| Mortgage |  | Commercial |  | Consumer |  | Auto |  | Total |
| (In thousands)
Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-30: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 473 |  | $ | 14,940 |  | $ | 84 |  | $ | 2,862 |  | $ | 18,359 |
Provision (recapture) for acquired BBVAPR loans and lease losses accounted for under ASC 310-30 |  | - |  |  | 5,979 |  |  | - |  |  | - |  |  | 5,979 |
Loan pools fully charged-off |  | - |  |  | (4,352) |  |  | - |  |  | - |  |  | (4,352) |
Balance at end of period | $ | 473 |  | $ | 16,567 |  | $ | 84 |  | $ | 2,862 |  | $ | 19,986 |
| Nine-Month Period Ended September 30, 2015
| Mortgage |  | Commercial |  | Consumer |  | Auto |  | Total |
| (In thousands)
Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-30: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | - |  | $ | 13,476 |  | $ | 5 |  | $ | - |  | $ | 13,481 |
Provision (recapture) for acquired BBVAPR loans and lease losses accounted for under ASC 310-30 |  | 473 |  |  | 7,443 |  |  | 79 |  |  | 2,862 |  |  | 10,857 |
Loan pools fully charged-off |  | - |  |  | (4,352) |  |  | - |  |  | - |  |  | (4,352) |
Balance at end of period | $ | 473 |  | $ | 16,567 |  | $ | 84 |  | $ | 2,862 |  | $ | 19,986 |
| Quarter Ended September 30, 2014
| Mortgage |  | Commercial |  | Consumer |  | Auto |  | Total
| (In thousands)
Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-30: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | - |  | $ | 6,216 |  | $ | 62 |  | $ | - |  | $ | 6,278
Provision (recapture) for acquired BBVAPR loans and lease losses accounted for under ASC 310-30 |  | - |  |  | 3,899 |  |  | (57) |  |  | - |  |  | 3,842
Balance at end of period | $ | - |  | $ | 10,115 |  | $ | 5 |  | $ | - |  | $ | 10,120
| Nine-Month Period Ended September 30, 2014
| Mortgage |  | Commercial |  | Consumer |  | Auto |  | Total
| (In thousands)
Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-30: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | - |  | $ | 1,713 |  | $ | 418 |  | $ | 732 |  | $ | 2,863
Provision (recapture) for acquired BBVAPR loans and lease losses accounted for under ASC 310-30 |  | - |  |  | 8,402 |  |  | (413) |  |  | (732) |  |  | 7,257
Balance at end of period | $ | - |  | $ | 10,115 |  | $ | 5 |  | $ | - |  | $ | 10,120
The changes in the allowance for loan and lease losses on acquired Eurobank loans for the quarters and nine-month periods ended September 30, 2015 and 2014 were as follows:
| Quarter Ended September 30, 2015
| Loans Secured by 1-4 Family Residential Properties |  | Commercial |  | Consumer |  | Leasing |  | Total
| (In thousands)
Allowance for loan and lease losses for acquired Eurobank loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 17,593 |  | $ | 53,470 |  | $ | 389 |  | $ | - |  | $ | 71,452
Provision for acquired Eurobank loans and lease losses, net |  | 15,813 |  |  | 17,398 |  |  | 279 |  |  | - |  |  | 33,490
Loan pools fully charged-off |  | (721) |  |  | (13,588) |  |  | (301) |  |  | - |  |  | (14,610)
Balance at end of period | $ | 32,685 |  | $ | 57,280 |  | $ | 367 |  | $ | - |  | $ | 90,332
| Nine-Month Period Ended September 30, 2015
| Loans Secured by 1-4 Family Residential Properties |  | Commercial |  | Consumer |  | Leasing |  | Total
| (In thousands)
Allowance for loan and lease losses for acquired Eurobank loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 15,522 |  | $ | 48,334 |  | $ | 389 |  | $ | - |  | $ | 64,245
Provision for acquired Eurobank loans and lease losses, net |  | 17,779 |  | $ | 20,136 |  |  | 279 |  |  | - |  |  | 38,194
Loan pools fully charged-off |  | (721) |  |  | (13,588) |  |  | (301) |  |  | - |  |  | (14,610)
FDIC shared-loss portion of provision for loan and lease losses, net |  | 105 |  |  | 2,398 |  |  | - |  |  | - |  |  | 2,503
Balance at end of period | $ | 32,685 |  | $ | 57,280 |  | $ | 367 |  | $ | - |  | $ | 90,332

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- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953423-111524 + Details
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- References No definition available. + Details
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Namespace Prefix: | us-gaap_
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