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Allowance for Loan and Lease Losses (Tables)

9 Months Ended

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 accounted for under ASC 310-20 (Loans with revolving feature and/or acquired at a premium)

The following tables 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 tables 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

X

- 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

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X

- References

No definition available.

+ Details

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