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Allowance for Loan and Lease Losses (Tables)

3 Months Ended

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 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:

	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

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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- References

No definition available.

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