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Allowance for Loan and Lease Losses (Tables) | 12 Months Ended
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Dec. 31, 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 December 31, 2015 and 2014 was as follows:
| December 31, |  | 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 | $ | 18,352 |  | $ | 19,679
Commercial |  | 64,791 |  |  | 8,432
Consumer |  | 11,197 |  |  | 9,072
Auto and leasing |  | 18,261 |  |  | 14,255
Unallocated |  | 25 |  |  | 1
Total allowance for originated and other loans and lease losses |  | 112,626 |  |  | 51,439
Acquired loans: |  |  |  |  |
Acquired BBVAPR loans: |  |  |  |  |
Accounted for under ASC 310-20 (Loans with revolving feature and/or |  |  |  |  |
acquired at a premium) |  |  |  |  |
Commercial |  | 26 |  |  | 65
Consumer |  | 3,429 |  |  | 1,211
Auto |  | 2,087 |  |  | 3,321
|  | 5,542 |  |  | 4,597
Accounted for under ASC 310-30 (Loans acquired with deteriorated |  |  |  |  |
credit quality, including those by analogy) |  |  |  |  |
Mortgage |  | 1,678 |  |  | -
Commercial |  | 21,161 |  |  | 13,476
Consumer |  | 84 |  |  | 5
Auto |  | 2,862 |  |  | -
|  | 25,785 |  |  | 13,481
Total allowance for acquired BBVAPR loans and lease losses |  | 143,953 |  |  | 69,517
Acquired Eurobank loans: |  |  |  |  |
Loans secured by 1-4 family residential properties |  | 32,624 |  |  | 15,522
Commercial and other construction |  | 57,187 |  |  | 48,334
Consumer |  | 367 |  |  | 389
Total allowance for acquired Eurobank loan and lease losses |  | 90,178 |  |  | 64,245
Total allowance for loan and lease losses | $ | 234,131 |  | $ | 133,762
Allowanc e for Originated and Other Loan and Lease Losses Held for Investment The following tables present s the activity in our allowance for loan and lease losses and the related recorded investment of the originated and other loans held for investment portfolio by segment for the periods indicated:
| Year Ended December 31, 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 year | $ | 19,679 |  | $ | 8,432 |  | $ | 9,072 |  | $ | 14,255 |  | $ | 1 |  | $ | 51,439
Charge-offs |  | (5,397) |  |  | (5,546) |  |  | (8,683) |  |  | (33,375) |  |  | - |  |  | (53,001)
Recoveries |  | 391 |  |  | 432 |  |  | 871 |  |  | 13,158 |  |  | - |  |  | 14,852
Provision for originated and other loans and lease losses |  | 3,679 |  |  | 61,473 |  |  | 9,937 |  |  | 24,223 |  |  | 24 |  |  | 99,336
Balance at end of year | $ | 18,352 |  | $ | 64,791 |  | $ | 11,197 |  | $ | 18,261 |  | $ | 25 |  | $ | 112,626
| Year Ended December 31, 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 year | $ | 19,937 |  | $ | 14,897 |  | $ | 6,006 |  | $ | 7,866 |  | $ | 375 |  | $ | 49,081
Charge-offs |  | (5,011) |  |  | (2,424) |  |  | (5,782) |  |  | (26,041) |  |  | - |  |  | (39,258)
Recoveries |  | 428 |  |  | 333 |  |  | 570 |  |  | 8,858 |  |  | - |  |  | 10,189
Provision (recapture) for originated and other loans and lease losses |  | 4,325 |  |  | (4,374) |  |  | 8,278 |  |  | 23,572 |  |  | (374) |  |  | 31,427
Balance at end of period | $ | 19,679 |  | $ | 8,432 |  | $ | 9,072 |  | $ | 14,255 |  | $ | 1 |  | $ | 51,439
| Year Ended December 31, 2013
| 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 | $ | 21,092 |  | $ | 17,072 |  | $ | 856 |  | $ | 533 |  | $ | 368 |  | $ | 39,921
Charge-offs |  | (36,566) |  |  | (5,889) |  |  | (1,485) |  |  | (4,601) |  |  | - |  |  | (48,541)
Recoveries |  | 6 |  |  | 383 |  |  | 165 |  |  | 1,568 |  |  | - |  |  | 2,122
Provision for originated and other loans and lease losses |  | 35,405 |  |  | 3,331 |  |  | 6,470 |  |  | 10,366 |  |  | 7 |  |  | 55,579
Balance at end of period | $ | 19,937 |  | $ | 14,897 |  | $ | 6,006 |  | $ | 7,866 |  | $ | 375 |  | $ | 49,081
| December 31, 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 | $ | 9,233 |  | $ | 55,947 |  | $ | - |  | $ | - |  | $ | - |  | $ | 65,180
Collectively evaluated for impairment |  | 9,119 |  |  | 8,844 |  |  | 11,197 |  |  | 18,261 |  |  | 25 |  |  | 47,446
Total ending allowance balance | $ | 18,352 |  | $ | 64,791 |  | $ | 11,197 |  | $ | 18,261 |  | $ | 25 |  | $ | 112,626
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 89,973 |  | $ | 235,294 |  | $ | - |  | $ | - |  | $ | - |  | $ | 325,267
Collectively evaluated for impairment |  | 667,855 |  |  | 1,206,355 |  |  | 242,950 |  |  | 669,163 |  |  | - |  |  | 2,786,323
Total ending loan balance | $ | 757,828 |  | $ | 1,441,649 |  | $ | 242,950 |  | $ | 669,163 |  | $ | - |  | $ | 3,111,590
| 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
| Year Ended December 31, 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 year | $ | 65 |  | $ | 1,211 |  | $ | 3,321 |  | $ | - |  | $ | 4,597
Charge-offs |  | (42) |  |  | (4,755) |  |  | (4,548) |  |  | - |  |  | (9,345)
Recoveries |  | 31 |  |  | 680 |  |  | 2,110 |  |  | - |  |  | 2,821
Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20 |  | (28) |  |  | 6,293 |  |  | 1,204 |  |  | - |  |  | 7,469
Balance at end of year | $ | 26 |  | $ | 3,429 |  | $ | 2,087 |  | $ | - |  | $ | 5,542
| Year Ended 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: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 926 |  | $ | - |  | $ | 1,428 |  | $ | - |  | $ | 2,354
Charge-offs |  | (532) |  |  | (6,902) |  |  | (6,011) |  |  | - |  |  | (13,445)
Recoveries |  | 73 |  |  | 531 |  |  | 2,169 |  |  | - |  |  | 2,773
Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20 |  | (402) |  |  | 7,582 |  |  | 5,735 |  |  | - |  |  | 12,915
Balance at end of year | $ | 65 |  | $ | 1,211 |  | $ | 3,321 |  | $ | - |  | $ | 4,597
| Year Ended December 31, 2013
| 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 year | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
Charge-offs |  | (25) |  |  | (5,530) |  |  | (5,650) |  |  | - |  |  | (11,205)
Recoveries |  | 9 |  |  | 1,035 |  |  | 3,398 |  |  | - |  |  | 4,442
Provision for acquired BBVAPR loan and lease losses accounted for under ASC 310-20 |  | 942 |  |  | 4,495 |  |  | 3,680 |  |  | - |  |  | 9,117
Balance at end of year | $ | 926 |  | $ | - |  | $ | 1,428 |  | $ | - |  | $ | 2,354
| December 31, 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 | $ | 26 |  | $ | 3,429 |  | $ | 2,087 |  | $ | - |  | $ | 5,542
Total ending allowance balance | $ | 26 |  | $ | 3,429 |  | $ | 2,087 |  | $ | - |  | $ | 5,542
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 474 |  | $ | - |  | $ | - |  | $ | - |  | $ | 474
Collectively evaluated for impairment |  | 6,983 |  |  | 38,385 |  |  | 106,911 |  |  | - |  |  | 152,279
Total ending loan balance | $ | 7,457 |  | $ | 38,385 |  | $ | 106,911 |  | $ | - |  | $ | 152,753
| 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 acquired BBVAPR loan portfolio accounted for under ASC 310-30, for the periods indicated:
| Year Ended December 31, 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 year | $ | - |  | $ | 13,476 |  | $ | 5 |  | $ | - |  | $ | 13,481
Provision for BBVAPR loans and lease losses accounted for under ASC 310-30 |  | 1,678 |  |  | 12,037 |  |  | 79 |  |  | 2,862 |  |  | 16,656
Loan pools fully charged-off |  | - |  |  | (4,352) |  |  | - |  |  | - |  |  | (4,352)
Balance at end of year | $ | 1,678 |  | $ | 21,161 |  | $ | 84 |  | $ | 2,862 |  | $ | 25,785
| Year Ended December 31, 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 year | $ | - |  | $ | 1,713 |  | $ | 418 |  | $ | 732 |  | $ | 2,863
Provision (recapture) for BBVAPR loans and lease losses accounted for under ASC 310-30 |  | - |  |  | 11,763 |  |  | (413) |  |  | (732) |  |  | 10,618
Balance at end of year | $ | - |  | $ | 13,476 |  | $ | 5 |  | $ | - |  | $ | 13,481
| Year Ended December 31, 2013
| 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 year | $ | - |  |  | - |  |  | - |  |  | - |  |  | -
Provision for BBVAPR loans and lease losses accounted for under ASC 310-30 |  | - |  |  | 1,713 |  |  | 418 |  |  | 732 |  |  | 2,863
Balance at end of year | $ | - |  | $ | 1,713 |  | $ | 418 |  | $ | 732 |  | $ | 2,863
The changes in the allowance for loan and lease losses on acquired Eurobank loans for the years ended D ecember 31, 2015, 2014 and 2013 were as follows:
| Year Ended December 31, 2015
| Loans Secured by 1-4 Family Residential Properties |  | Commercial and Construction |  | Consumer |  | Leasing |  | Total
| (In thousands)
Allowance for loan and lease losses for acquired Eurobank loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 15,523 |  | $ | 48,333 |  | $ | 389 |  | $ | - |  | $ | 64,245
Provision for acquired Eurobank loans and lease losses, net |  | 17,718 |  | $ | 20,043 |  |  | 279 |  |  | - |  |  | 38,040
Loan pools fully charged-off |  | (722) |  |  | (13,587) |  |  | (301) |  |  | - |  |  | (14,610)
FDIC shared-loss portion of provision for loan and lease losses, net |  | 105 |  |  | 2,398 |  |  | - |  |  | - |  |  | 2,503
Balance at end of year | $ | 32,624 |  | $ | 57,187 |  | $ | 367 |  | $ | - |  | $ | 90,178
| Year Ended December 31, 2014
| Mortgage |  | Commercial and Construction |  | Consumer |  | Leasing |  | Total
| (In thousands)
Allowance for loan and lease losses for acquired Eurobank loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 12,495 |  | $ | 39,619 |  | $ | 615 |  | $ | - |  | $ | 52,729
Provision for (recapture of) acquired Eurobank loans and lease losses, net |  | 2,144 |  |  | 3,717 |  |  | (181) |  |  | - |  |  | 5,680
FDIC shared-loss portion of provision for loan and lease losses, net |  | 884 |  |  | 4,997 |  |  | (45) |  |  | - |  |  | 5,836
Balance at end of year | $ | 15,523 |  | $ | 48,333 |  | $ | 389 |  | $ | - |  | $ | 64,245
| Year Ended December 31, 2013
| Mortgage |  | Commercial and Construction |  | Consumer |  | Leasing |  | Total
| (In thousands)
Allowance for loan and lease losses for Eurobank loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 4,986 |  | $ | 48,460 |  | $ | 678 |  | $ | - |  | $ | 54,124
Provision for Eurobank loans and lease losses, net |  | 9,461 |  |  | (4,110) |  |  | (16) |  |  | - |  |  | 5,335
FDIC shared-loss portion of provision for Eurobank loans and lease losses, net |  | (1,952) |  |  | (4,731) |  |  | (47) |  |  | - |  |  | (6,730)
Balance at end of year | $ | 12,495 |  | $ | 39,619 |  | $ | 615 |  | $ | - |  | $ | 52,729

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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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