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Allowance for Loan and Lease Losses (Tables)

12 Months Ended

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

Allowance for Originated and Other Loan and Lease Losses Held for Investment

The following tables presents 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 December 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

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- References

No definition available.

+ Details

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