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Allowance for Loan and Lease Losses (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2015

Jun. 30, 2016

Loans Receivable [Abstract]

Allowance for Credit Losses on Financing Receivables [Table Text Block]

	Six-Month Period Ended June 30, 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 year	$	26		$	3,429		$	2,087		$	-		$	5,542
Charge-offs		(19)			(1,825)			(1,308)			-			(3,152)
Recoveries		40			169			1,044			-			1,253
Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20		(26)			1,229			(359)			-			844
Balance at end of year	$	21		$	3,002		$	1,464		$	-		$	4,487

	Six-Month Period Ended June 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 year	$	65		$	1,211		$	3,321		$	-		$	4,597
Charge-offs		(16)			(2,686)			(2,304)			-			(5,006)
Recoveries		17			563			1,072			-			1,652
Provision (recapture) for acquired loan and lease losses accounted for under ASC 310-20		(12)			3,528			770			-			4,286
Balance at end of period	$	54		$	2,616		$	2,859		$	-		$	5,529

The composition of the Company’s allowance for loan and lease losses at June 30, 2016 and December 31, 2015 was as follows:

	June 30,			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	$	18,537		$	18,352
Commercial		63,144			64,791
Consumer		11,771			11,197
Auto and leasing		19,259			18,261
Unallocated		101			25
Total allowance for originated and other loans and lease losses		112,812			112,626
Acquired loans:
Acquired BBVAPR loans:
Accounted for under ASC 310-20 (Loans with revolving feature and/or
acquired at a premium)
Commercial		21			26
Consumer		3,002			3,429
Auto		1,464			2,087
		4,487			5,542
Accounted for under ASC 310-30 (Loans acquired with deteriorated
credit quality, including those by analogy) (a)
Mortgage		1,585			1,762
Commercial		15,863			21,161
Auto		5,353			2,862
		22,801			25,785
Total allowance for acquired BBVAPR loans and lease losses		27,288			31,327
Acquired Eurobank loans: (a)
Loans secured by 1-4 family residential properties		11,016			22,570
Commercial and other construction		11,096			67,365
Consumer		4			243
Total allowance for acquired Eurobank loan and lease losses (a)		22,116			90,178
Total allowance for loan and lease losses (a)	$	162,216		$	234,131
(a) A portion of the allowance for loan and lease losses associated with purchased credit impaired loans was derecognized on June 30, 2016 due to the revision in the derecognition policy for these loans.

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 originated and other loans held for investment by segment for the periods indicated:

	Quarter Ended June 30, 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	$	18,784		$	64,206		$	11,414		$	18,716		$	118		$	113,238
Charge-offs		(1,374)			(833)			(2,811)			(8,100)			-			(13,118)
Recoveries		36			228			133			3,243			-			3,640
Provision (recapture) for originated and other loans and lease losses		1,091			(457)			3,035			5,400			(17)			9,052
Balance at end of period	$	18,537		$	63,144		$	11,771		$	19,259		$	101		$	112,812

	Six-Month Period Ended June 30, 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		(3,036)			(1,844)			(5,138)			(16,462)			-			(26,480)
Recoveries		181			316			235			6,222			-			6,954
Provision (recapture) for loan and lease losses		3,040			(119)			5,477			11,238			76			19,712
Balance at end of period	$	18,537		$	63,144		$	11,771		$	19,259		$	101		$	112,812

	June 30, 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	$	8,864		$	56,758		$	-		$	-		$	-		$	65,622
Collectively evaluated for impairment		9,673			6,386			11,771			19,259			101			47,190
Total ending allowance balance	$	18,537		$	63,144		$	11,771		$	19,259		$	101		$	112,812
Loans:
Individually evaluated for impairment	$	90,948		$	217,960		$	-		$	-		$	-		$	308,908
Collectively evaluated for impairment		650,969			1,258,653			265,269			712,268			-			2,887,159
Total ending loan balance	$	741,917		$	1,476,613		$	265,269		$	712,268		$	-		$	3,196,067

	Quarter Ended June 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	$	18,086		$	33,123		$	9,405		$	15,762		$	383		$	76,759
Charge-offs		(1,356)			(497)			(2,309)			(7,662)			-			(11,824)
Recoveries		67			219			390			3,425			-			4,101
Provision for originated and other loans and lease losses		1,279			1,934			2,978			3,539			223			9,953
Balance at end of period	$	18,076		$	34,779		$	10,464		$	15,064		$	606		$	78,989

	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 June 30, 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	$	23		$	3,243		$	1,727		$	-		$	4,993
Charge-offs		(12)			(1,013)			(571)			-			(1,596)
Recoveries		8			88			446			-			542
Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20		2			684			(138)			-			548
Balance at end of period	$	21		$	3,002		$	1,464		$	-		$	4,487

	June 30, 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	$	21		$	3,002		$	1,464		$	-		$	4,487
Total ending allowance balance	$	21		$	3,002		$	1,464		$	-		$	4,487
Loans:
Individually evaluated for impairment	$	1,433		$	-		$	-		$	-		$	1,433
Collectively evaluated for impairment		3,126			35,194			77,118			-			115,438
Total ending loan balance	$	4,559		$	35,194		$	77,118		$	-		$	116,871

	Quarter Ended June 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	$	49		$	1,885		$	3,516		$	-		$	5,450
Charge-offs		(16)			(1,303)			(1,038)			-			(2,357)
Recoveries		7			429			502			-			938
Provision (recapture) for acquired loan and lease losses accounted for under ASC 310-20		14			1,605			(121)			-			1,498
Balance at end of period	$	54		$	2,616		$	2,859		$	-		$	5,529

	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 June 30, 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	$	1,762		$	20,430		$	-		$	5,555		$	27,747
(Recapture) provision for BBVAPR loans and lease losses accounted for under ASC 310-30		(163)			3,977			-			-			3,814
Loan pools fully charged-off		(14)			-			-			(202)			(216)
Allowance de-recognition (a)		-			(8,544)			-			-			(8,544)
Balance at end of period	$	1,585		$	15,863		$	-		$	5,353		$	22,801
(a) A portion of the allowance for loan and lease losses associated with purchased credit impaired loans was derecognized on June 30, 2016 due to the revision in the derecognition policy for these loans.
	Six-Month Period Ended June 30, 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
(Recapture) provision for BBVAPR loans and lease losses accounted for under ASC 310-30		(79)			3,228			-			2,693			5,842
Loan pools fully charged-off		(14)			(66)			-			(202)			(282)
Allowance de-recognition (a)		-			(8,544)			-			-			(8,544)
Balance at end of period	$	1,585		$	15,863		$	-		$	5,353		$	22,801
(a) A portion of the allowance for loan and lease losses associated with purchased credit impaired loans was derecognized on June 30, 2016 due to the revision in the derecognition policy for these loans.

The changes in the allowance for loan and lease losses on acquired Eurobank loans for the quarters and six-month periods ended June 30, 2016 and 2015 were as follows:

	Quarter Ended June 30, 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	$	23,961		$	68,089		$	243		$	-		$	92,293
Provision (recapture) for acquired Eurobank loans and lease losses, net		237			801			(7)			-			1,031
FDIC shared-loss portion of provision for covered loan and lease losses, net		951			-			-			-			951
Allowance de-recognition (a)		(14,133)			(57,794)			(232)			-			(72,159)
Balance at end of period	$	11,016		$	11,096		$	4		$	-		$	22,116
(a) A portion of the allowance for loan and lease losses associated with purchased credit impaired loans was derecognized on June 30, 2016 due to the revision in the derecognition policy for these loans.
	Six-Month Period Ended June 30, 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		184			1,659			(7)			-			1,836
FDIC shared-loss portion of provision for covered loan and lease losses, net		2,395			-			-			-			2,395
Loan pools fully charged-off		-			(134)			-			-			(134)
Allowance de-recognition (a)		(14,133)			(57,794)			(232)			-			(72,159)
Balance at end of year	$	11,016		$	11,096		$	4		$	-		$	22,116
(a) A portion of the allowance for loan and lease losses associated with purchased credit impaired loans was derecognized on June 30, 2016 due to the revision in the derecognition policy for these loans.

	Quarter Ended June 30, 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	$	17,340		$	52,922		$	389		$	-		$	70,651
Provision (recapture) for Eurobank loans and lease losses, net		148			(253)			-			-			(105)
FDIC shared-loss portion of provision for covered loan and lease losses, net		105			801			-			-			906
Balance at end of period	$	17,593		$	53,470		$	389		$	-		$	71,452
	Six-Month Period Ended June 30, 2015
	Mortgage			Commercial and Construction			Consumer			Leasing			Total
	(In thousands)
Allowance for loan and lease losses for Eurobank loans:
Balance at beginning of year	$	15,522		$	48,334		$	389		$	-		$	64,245
Provision for Eurobank loans and lease losses, net		1,966			2,738			-			-			4,704
FDIC shared-loss portion of provision for covered loan and lease losses, net		105			2,398			-			-			2,503
Balance at end of year	$	17,593		$	53,470		$	389		$	-		$	71,452

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=49124121&loc=SL6953423-111524

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- References

No definition available.

+ Details

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