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Allowance for Loan and Lease Losses (Tables) | 3 Months Ended
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Mar. 31, 2016
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 March 31, 2016 and December 31, 2015 was as follows:
| March 31, |  | December 31,
| 2016 |  | 2015
| (In thousands)
Allowance for loans and lease losses on non-acquired loans: |  |  |  |  |
Originated and other loans and leases held for investment: |  |  |  |  |
Mortgage | $ | 18,784 |  | $ | 18,352
Commercial |  | 64,206 |  |  | 64,791
Consumer |  | 11,414 |  |  | 11,197
Auto and leasing |  | 18,716 |  |  | 18,261
Unallocated |  | 118 |  |  | 25
Total allowance for originated and other loans and lease losses |  | 113,238 |  |  | 112,626
Acquired loans: |  |  |  |  |
Acquired BBVAPR loans: |  |  |  |  |
Accounted for under ASC 310-20 (Loans with revolving feature and/or |  |  |  |  |
acquired at a premium) |  |  |  |  |
Commercial |  | 23 |  |  | 26
Consumer |  | 3,243 |  |  | 3,429
Auto |  | 1,727 |  |  | 2,087
|  | 4,993 |  |  | 5,542
Accounted for under ASC 310-30 (Loans acquired with deteriorated |  |  |  |  |
credit quality, including those by analogy) |  |  |  |  |
Mortgage |  | 1,762 |  |  | 1,762
Commercial |  | 20,430 |  |  | 21,161
Auto |  | 5,555 |  |  | 2,862
|  | 27,747 |  |  | 25,785
Total allowance for acquired BBVAPR loans and lease losses |  | 145,978 |  |  | 143,953
Acquired Eurobank loans: |  |  |  |  |
Loans secured by 1-4 family residential properties |  | 34,014 |  |  | 32,624
Commercial and other construction |  | 58,043 |  |  | 57,187
Consumer |  | 236 |  |  | 367
Total allowance for acquired Eurobank loan and lease losses |  | 92,293 |  |  | 90,178
Total allowance for loan and lease losses | $ | 238,271 |  | $ | 234,131
Allowance 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 in vestment portfolio by segment for the periods indicated:
| Quarter Ended March 31, 2016
| 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 | $ | 18,352 |  | $ | 64,791 |  | $ | 11,197 |  | $ | 18,261 |  | $ | 25 |  | $ | 112,626
Charge-offs |  | (1,662) |  |  | (1,011) |  |  | (2,327) |  |  | (8,362) |  |  | - |  |  | (13,362)
Recoveries |  | 145 |  |  | 88 |  |  | 102 |  |  | 2,979 |  |  | - |  |  | 3,314
Provision for originated and other loans and lease losses |  | 1,949 |  |  | 338 |  |  | 2,442 |  |  | 5,838 |  |  | 93 |  |  | 10,660
Balance at end of period | $ | 18,784 |  | $ | 64,206 |  | $ | 11,414 |  | $ | 18,716 |  | $ | 118 |  | $ | 113,238
| March 31, 2016
| 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 | $ | 9,135 |  | $ | 56,580 |  | $ | - |  | $ | - |  | $ | - |  | $ | 65,715
Collectively evaluated for impairment |  | 9,649 |  |  | 7,626 |  |  | 11,414 |  |  | 18,716 |  |  | 118 |  |  | 47,523
Total ending allowance balance | $ | 18,784 |  | $ | 64,206 |  | $ | 11,414 |  | $ | 18,716 |  | $ | 118 |  | $ | 113,238
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 90,772 |  | $ | 226,653 |  | $ | - |  | $ | - |  | $ | - |  | $ | 317,425
Collectively evaluated for impairment |  | 661,047 |  |  | 1,198,732 |  |  | 252,327 |  |  | 687,159 |  |  | - |  |  | 2,799,265
Total ending loan balance | $ | 751,819 |  | $ | 1,425,385 |  | $ | 252,327 |  | $ | 687,159 |  | $ | - |  | $ | 3,116,690
| Quarter Ended March 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 period | $ | 19,679 |  | $ | 8,432 |  | $ | 9,072 |  | $ | 14,255 |  | $ | 1 |  | $ | 51,439
Charge-offs |  | (1,414) |  |  | (992) |  |  | (1,676) |  |  | (8,136) |  |  | - |  |  | (12,218)
Recoveries |  | - |  |  | 89 |  |  | 153 |  |  | 3,384 |  |  | - |  |  | 3,626
Provision (recapture) for originated and other loans and lease losses |  | (179) |  |  | 25,594 |  |  | 1,856 |  |  | 6,259 |  |  | 382 |  |  | 33,912
Balance at end of period | $ | 18,086 |  | $ | 33,123 |  | $ | 9,405 |  | $ | 15,762 |  | $ | 383 |  | $ | 76,759
| 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
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 March 31, 2016
| 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 | $ | 26 |  | $ | 3,429 |  | $ | 2,087 |  | $ | - |  | $ | 5,542
Charge-offs |  | (7) |  |  | (812) |  |  | (737) |  |  | - |  |  | (1,556)
Recoveries |  | 32 |  |  | 81 |  |  | 598 |  |  | - |  |  | 711
Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20 |  | (28) |  |  | 545 |  |  | (221) |  |  | - |  |  | 296
Balance at end of period | $ | 23 |  | $ | 3,243 |  | $ | 1,727 |  | $ | - |  | $ | 4,993
| March 31, 2016
| 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 | $ | 23 |  | $ | 3,243 |  | $ | 1,727 |  | $ | - |  | $ | 4,993
Total ending allowance balance | $ | 23 |  | $ | 3,243 |  | $ | 1,727 |  | $ | - |  | $ | 4,993
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 464 |  | $ | - |  | $ | - |  | $ | - |  | $ | 464
Collectively evaluated for impairment |  | 6,094 |  |  | 36,346 |  |  | 91,406 |  |  | - |  |  | 133,846
Total ending loan balance | $ | 6,558 |  | $ | 36,346 |  | $ | 91,406 |  | $ | - |  | $ | 134,310
| Quarter Ended March 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 period | $ | 65 |  | $ | 1,211 |  | $ | 3,321 |  | $ | - |  | $ | 4,597
Charge-offs |  | - |  |  | (1,380) |  |  | (1,267) |  |  | - |  |  | (2,647)
Recoveries |  | 9 |  |  | 134 |  |  | 570 |  |  | - |  |  | 713
Provision (recapture) for acquired loan and lease losses accounted for under ASC 310-20 |  | (25) |  |  | 1,920 |  |  | 892 |  |  | - |  |  | 2,787
Balance at end of period | $ | 49 |  | $ | 1,885 |  | $ | 3,516 |  | $ | - |  | $ | 5,450
| 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
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:
| Quarter Ended March 31, 2016
| 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 | $ | 1,678 |  | $ | 21,245 |  | $ | - |  | $ | 2,862 |  | $ | 25,785
Provision (recapture) for BBVAPR loans and lease losses accounted for under ASC 310-30 |  | 84 |  |  | (749) |  |  | - |  |  | 2,693 |  |  | 2,028
Loan pools fully charged-off |  | - |  |  | (66) |  |  | - |  |  | - |  |  | (66)
Balance at end of period | $ | 1,762 |  | $ | 20,430 |  | $ | - |  | $ | 5,555 |  | $ | 27,747
| Quarter Ended March 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 period | $ | - |  | $ | 13,476 |  | $ | - |  | $ | 5 |  | $ | 13,481
Provision for BBVAPR loans and lease losses accounted for under ASC 310-30 |  | - |  |  | 211 |  |  | - |  |  | 474 |  |  | 685
Balance at end of period | $ | - |  | $ | 13,687 |  | $ | - |  | $ | 479 |  | $ | 14,166
The changes in the allowance for loan and lease losses on acquired Eurobank loans for the quarters ended March 31, 2016 and 2015 were as follows:
| Quarter Ended March 31, 2016
| 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 period | $ | 22,570 |  | $ | 67,365 |  | $ | 243 |  | $ | - |  | $ | 90,178
Provision (recapture) for acquired Eurobank loans and lease losses, net |  | (53) |  |  | 858 |  |  | - |  |  | - |  |  | 805
Loan pools fully charged-off |  | - |  |  | (134) |  |  | - |  |  | - |  |  | (134)
FDIC shared-loss portion of provision for covered loan and lease losses, net |  | 1,444 |  |  | - |  |  | - |  |  | - |  |  | 1,444
Balance at end of period | $ | 23,961 |  | $ | 68,089 |  | $ | 243 |  | $ | - |  | $ | 92,293
| Quarter Ended March 31, 2015
| Mortgage |  | Commercial and Construction |  | 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 covered loan and lease losses, net |  | 1,818 |  |  | 2,991 |  |  | - |  |  | - |  |  | 4,809
FDIC shared-loss portion of provision for covered loan and lease losses, net |  | - |  |  | 1,597 |  |  | - |  |  | - |  |  | 1,597
Balance at end of period | $ | 17,340 |  | $ | 52,922 |  | $ | 389 |  | $ | - |  | $ | 70,651

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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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