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Loans Receivable | 12 Months Ended
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Dec. 31, 2016
Loans Receivable [Abstract] |
LOANS RECEIVABLE | NOTE 5 - LOANS The Company’s loan portfolio is composed of two segments, loans initially accounted for under the amortized cost method (referred to as "originated and other" loans) and loans acquired (referred to as "acquired" loans). Acquired loans are further segregated between acquired BBVAPR loans and acquired Eurobank loans. Acquired Eurobank loans were purchased subject to loss-sharing agreements with the FDIC. The FDIC loss-share coverage related to commercial and other-non single family acquired Eurobank loans expired on June 30, 2015. Notwithstanding the expiration of loss share coverage of commercial loans, on July 2, 2015, the Company entered into an agreement with the FDIC pursuant to which the FDIC concurred with a potential sale of a pool of loss-share assets covered under the commercial loss-sharing agreement and paid $20 million in loss share coverage with respect to the aggregate loss resulting from the portfolio sale. Covered loans are no longer a material amount. Therefore, the Company changed its loan disclosures during 2015. Loans held for sale are presented separately. At December 31, 2016, the remaining covered loans amounting to $61.1 million, net carrying amount ($73.0 million gross amount), are included as part of acquired Eurobank loans under the name "loans secured by 1-4 family residential properties". At December 31, 2015, covered loans amounted to $67.2 million, net carrying amount ($92.3 million gross amount). Interest income recognized for covered loans during the year ended December 31, 2016 and 2015 was $8.6 million and $33.7 million, respectively. The decrease in interest income recognized for covered loans is mainly due to the expiration of the FDIC loss-share coverage related to commercial and other-non single family residential loans on June 30, 2015. Effective February 6, 2017, the Bank and the FDIC agreed to terminate the single family and commercial shared-loss agreements. Effective June 30, 2016, pursuant to supervisory direction, the Company revised the purchase credit impaired policy for all loans accounted for under ASC 310-30 (Loans and Debt Securities Acquired with Deteriorated Credit Quality). Under the revised policy, the Company writes-off the loan’s recorded investment and derecognizes the associated allowance for loan and lease losses for loans that exit the acquired pools. The revised policy was implemented prospectively due to the immaterial impact of retrospecti ve adoption. Prior to June 30, 2016, the pool’s carrying value and allowance was determined by discounting expected cash flows at the pool’s effective yield. The allowance for loan and lease losses was maintained until all of the loans in the pool were pai d off or charged-off. The transition to this revised policy during 2016 resulted in the de-recognition of $10.0 million and $7 4.4 million in the recorded investment balance and associated allowance for loans that had exited the pools, for acquired BBVAPR loans and acquired Eurobank loans, respectively, with no impact to the provision for loan and lease losses. Refer to Note 6 Allowances for Loan and Lease Losses. On October 7, 2016, the Compa ny sold its outstanding $200.0 million participation in the Puerto Rico Electric Power Authority ("PREPA") line of credit for $123.5 million, slightly lower than the adjusted book balance, net of reserves. As a result of this transaction, the Company recognized a $56.2 million charge-off and $2.9 million provision for loan and lease losses. The composition of the Company’s loan portfolio at December 31, 2016 and 2015 was as follows:
| December 31,
| 2016 |  | 2015
| (In thousands)
Originated and other loans and leases held for investment: |  |  |  |  |
Mortgage | $ | 721,494 |  | $ | 757,828
Commercial |  | 1,277,866 |  |  | 1,441,649
Consumer |  | 290,515 |  |  | 242,950
Auto and leasing |  | 756,395 |  |  | 669,163
|  | 3,046,270 |  |  | 3,111,590
Allowance for loan and lease losses on originated and other loans and leases |  | (59,300) |  |  | (112,626)
|  | 2,986,970 |  |  | 2,998,964
Deferred loan costs, net |  | 5,766 |  |  | 4,203
Total originated and other loans loans held for investment, net |  | 2,992,736 |  |  | 3,003,167
Acquired loans: |  |  |  |  |
Acquired BBVAPR loans: |  |  |  |  |
Accounted for under ASC 310-20 (Loans with revolving feature and/or |  |  |  |  |
acquired at a premium) |  |  |  |  |
Commercial |  | 5,562 |  |  | 7,457
Consumer |  | 32,862 |  |  | 38,385
Auto |  | 53,026 |  |  | 106,911
|  | 91,450 |  |  | 152,753
Allowance for loan and lease losses on acquired BBVAPR loans accounted for under ASC 310-20 (b) |  | (4,300) |  |  | (5,542)
|  | 87,150 |  |  | 147,211
Accounted for under ASC 310-30 (Loans acquired with deteriorated |  |  |  |  |
credit quality, including those by analogy) |  |  |  |  |
Mortgage |  | 569,253 |  |  | 608,294
Commercial |  | 222,856 |  |  | 287,311
Construction |  | 69,708 |  |  | 88,180
Consumer |  | 4,301 |  |  | 11,843
Auto |  | 85,676 |  |  | 153,592
|  | 951,794 |  |  | 1,149,220
Allowance for loan and lease losses on acquired BBVAPR loans accounted for under ASC 310-30 |  | (31,056) |  |  | (25,785)
|  | 920,738 |  |  | 1,123,435
Total acquired BBVAPR loans, net |  | 1,007,888 |  |  | 1,270,646
Acquired Eurobank loans: |  |  |  |  |
Loans secured by 1-4 family residential properties |  | 73,018 |  |  | 92,273
Commercial and construction |  | 81,460 |  |  | 142,377
Consumer |  | 1,372 |  |  | 2,314
Total acquired Eurobank loans |  | 155,850 |  |  | 236,964
Allowance for loan and lease losses on Eurobank loans |  | (21,281) |  |  | (90,178)
Total acquired Eurobank loans, net |  | 134,569 |  |  | 146,786
Total acquired loans, net |  | 1,142,457 |  |  | 1,417,432
Total held for investment, net |  | 4,135,193 |  |  | 4,420,599
Mortgage loans held-for-sale |  | 12,499 |  |  | 13,614
Total loans, net | $ | 4,147,692 |  | $ | 4,434,213
Originated and Other Loans and Leases Held for Investment The Company’s originated and other loans held for investment are encompassed within four portfolio segments: mortgage, commercial, consumer, and auto and leasing. The following tables present the aging of the recorded investment in gross originated and other loans held for investment as of December 31, 2016 and 2015 by class of loans. Mortgage loans past due include delinquent loans in the GNMA buy-back option program. Servicers of loans u nderlying GNMA mortgage-backed securities must report as their own assets the defaulted loans that they have the option (but not the obligation) to repurchase, even when they elect not to exercise that option.
| December 31, 2016
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans 90+
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Days Past
|  |  |  |  |  |  |  |  |  |  |  |  | Current |  |  |  |  |  |  |  | Due and
| 30-59 Days |  | 60-89 Days |  | 90+ Days |  | Total Past |  | in Non- |  | Current |  |  |  | Still
| Past Due |  | Past Due |  | Past Due |  | Due |  | Accrual |  | Accruing |  | Total Loans |  | Accruing
| (In thousands) |  |  |
Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Traditional (by origination year): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Up to the year 2002 | $ | 196 |  | $ | 2,176 |  | $ | 3,371 |  | $ | 5,743 |  | $ | - |  | $ | 44,542 |  | $ | 50,285 |  | $ | 158
Years 2003 and 2004 |  | 156 |  |  | 3,872 |  |  | 7,272 |  |  | 11,300 |  |  | 181 |  |  | 79,226 |  |  | 90,707 |  |  | -
Year 2005 |  | - |  |  | 1,952 |  |  | 4,306 |  |  | 6,258 |  |  | 180 |  |  | 43,571 |  |  | 50,009 |  |  | -
Year 2006 |  | 506 |  |  | 2,905 |  |  | 6,261 |  |  | 9,672 |  |  | 94 |  |  | 59,534 |  |  | 69,300 |  |  | -
Years 2007, 2008 and 2009 |  | 409 |  |  | 1,439 |  |  | 11,732 |  |  | 13,580 |  |  | 111 |  |  | 63,038 |  |  | 76,729 |  |  | 398
Years 2010, 2011, 2012, 2013 |  | 349 |  |  | 1,772 |  |  | 10,417 |  |  | 12,538 |  |  | 126 |  |  | 127,196 |  |  | 139,860 |  |  | 583
Years 2014, 2015 and 2016 |  | 47 |  |  | 123 |  |  | 1,357 |  |  | 1,527 |  |  | - |  |  | 106,672 |  |  | 108,199 |  |  | -
|  | 1,663 |  |  | 14,239 |  |  | 44,716 |  |  | 60,618 |  |  | 692 |  |  | 523,779 |  |  | 585,089 |  |  | 1,139
Non-traditional |  | - |  |  | 498 |  |  | 4,730 |  |  | 5,228 |  |  | - |  |  | 17,631 |  |  | 22,859 |  |  | -
Loss mitigation program |  | 8,911 |  |  | 7,205 |  |  | 16,541 |  |  | 32,657 |  |  | 3,599 |  |  | 67,272 |  |  | 103,528 |  |  | 1,724
|  | 10,574 |  |  | 21,942 |  |  | 65,987 |  |  | 98,503 |  |  | 4,291 |  |  | 608,682 |  |  | 711,476 |  |  | 2,863
Home equity secured personal loans |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 337 |  |  | 337 |  |  | -
GNMA's buy-back option program |  | - |  |  | - |  |  | 9,681 |  |  | 9,681 |  |  | - |  |  | - |  |  | 9,681 |  |  | -
|  | 10,574 |  |  | 21,942 |  |  | 75,668 |  |  | 108,184 |  |  | 4,291 |  |  | 609,019 |  |  | 721,494 |  |  | 2,863
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 242,770 |  |  | 242,770 |  |  | -
Institutional |  | - |  |  | - |  |  | 254 |  |  | 254 |  |  | - |  |  | 26,546 |  |  | 26,800 |  |  | -
Middle market |  | - |  |  | 60 |  |  | 3,319 |  |  | 3,379 |  |  | 1,304 |  |  | 230,298 |  |  | 234,981 |  |  | -
Retail |  | 154 |  |  | 350 |  |  | 6,594 |  |  | 7,098 |  |  | 4,638 |  |  | 237,992 |  |  | 249,728 |  |  | -
Floor plan |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 2,989 |  |  | 2,989 |  |  | -
Real estate |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 16,395 |  |  | 16,395 |  |  | -
|  | 154 |  |  | 410 |  |  | 10,167 |  |  | 10,731 |  |  | 5,942 |  |  | 756,990 |  |  | 773,663 |  |  | -
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 136,438 |  |  | 136,438 |  |  | -
Institutional |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 180,285 |  |  | 180,285 |  |  | -
Middle market |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,278 |  |  | 80,355 |  |  | 81,633 |  |  | -
Retail |  | 930 |  |  | 100 |  |  | 969 |  |  | 1,999 |  |  | 294 |  |  | 71,412 |  |  | 73,705 |  |  | -
Floor plan |  | 8 |  |  | - |  |  | 61 |  |  | 69 |  |  | - |  |  | 32,073 |  |  | 32,142 |  |  | -
|  | 938 |  |  | 100 |  |  | 1,030 |  |  | 2,068 |  |  | 1,572 |  |  | 500,563 |  |  | 504,203 |  |  | -
|  | 1,092 |  |  | 510 |  |  | 11,197 |  |  | 12,799 |  |  | 7,514 |  |  | 1,257,553 |  |  | 1,277,866 |  |  | -
| December 31, 2016
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans 90+
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Days Past
|  |  |  |  |  |  |  |  |  |  |  |  | Current |  |  |  |  |  |  |  | Due and
| 30-59 Days |  | 60-89 Days |  | 90+ Days |  | Total Past |  | in Non- |  | Current |  |  |  | Still
| Past Due |  | Past Due |  | Past Due |  | Due |  | Accrual |  | Accruing |  | Total Loans |  | Accruing
| (In thousands) |  |  |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards | $ | 527 |  | $ | 283 |  | $ | 525 |  | $ | 1,335 |  | $ | - |  | $ | 25,023 |  | $ | 26,358 |  | $ | -
Overdrafts |  | 16 |  |  | 12 |  |  | 5 |  |  | 33 |  |  | - |  |  | 174 |  |  | 207 |  |  | -
Personal lines of credit |  | 41 |  |  | 4 |  |  | 32 |  |  | 77 |  |  | - |  |  | 2,327 |  |  | 2,404 |  |  | -
Personal loans |  | 2,474 |  |  | 1,489 |  |  | 1,081 |  |  | 5,044 |  |  | 259 |  |  | 240,969 |  |  | 246,272 |  |  | -
Cash collateral personal loans |  | 240 |  |  | 20 |  |  | 4 |  |  | 264 |  |  | - |  |  | 15,010 |  |  | 15,274 |  |  | -
|  | 3,298 |  |  | 1,808 |  |  | 1,647 |  |  | 6,753 |  |  | 259 |  |  | 283,503 |  |  | 290,515 |  |  | -
Auto and leasing |  | 42,714 |  |  | 19,014 |  |  | 8,173 |  |  | 69,901 |  |  | 181 |  |  | 686,313 |  |  | 756,395 |  |  | -
Total | $ | 57,678 |  | $ | 43,274 |  | $ | 96,685 |  | $ | 197,637 |  | $ | 12,245 |  | $ | 2,836,388 |  | $ | 3,046,270 |  | $ | 2,863
| December 31, 2015
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans 90+
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Days Past
|  |  |  |  |  |  |  |  |  |  |  |  | Current |  |  |  |  |  |  |  | Due and
| 30-59 Days |  | 60-89 Days |  | 90+ Days |  | Total Past |  | in Non- |  | Current |  |  |  | Still
| Past Due |  | Past Due |  | Past Due |  | Due |  | Accrual |  | Accruing |  | Total Loans |  | Accruing
| (In thousands) |  |  |
Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Traditional (by origination year): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Up to the year 2002 | $ | 80 |  | $ | 2,217 |  | $ | 3,889 |  | $ | 6,186 |  | $ | 41 |  | $ | 51,562 |  | $ | 57,789 |  | $ | 144
Years 2003 and 2004 |  | 251 |  |  | 5,036 |  |  | 5,536 |  |  | 10,823 |  |  | - |  |  | 88,623 |  |  | 99,446 |  |  | -
Year 2005 |  | 79 |  |  | 2,553 |  |  | 3,549 |  |  | 6,181 |  |  | - |  |  | 48,040 |  |  | 54,221 |  |  | -
Year 2006 |  | 551 |  |  | 2,878 |  |  | 7,934 |  |  | 11,363 |  |  | 176 |  |  | 66,864 |  |  | 78,403 |  |  | -
Years 2007, 2008 and 2009 |  | 170 |  |  | 2,053 |  |  | 14,733 |  |  | 16,956 |  |  | - |  |  | 74,590 |  |  | 91,546 |  |  | 526
Years 2010, 2011, 2012, 2013 |  | 662 |  |  | 1,673 |  |  | 10,519 |  |  | 12,854 |  |  | 141 |  |  | 137,749 |  |  | 150,744 |  |  | 72
Years 2014 and 2015 |  | - |  |  | 65 |  |  | 663 |  |  | 728 |  |  | - |  |  | 85,128 |  |  | 85,856 |  |  | -
|  | 1,793 |  |  | 16,475 |  |  | 46,823 |  |  | 65,091 |  |  | 358 |  |  | 552,556 |  |  | 618,005 |  |  | 742
Non-traditional |  | - |  |  | 977 |  |  | 5,079 |  |  | 6,056 |  |  | 13 |  |  | 23,483 |  |  | 29,552 |  |  | -
Loss mitigation program |  | 9,958 |  |  | 6,887 |  |  | 14,930 |  |  | 31,775 |  |  | 5,593 |  |  | 64,548 |  |  | 101,916 |  |  | 3,083
|  | 11,751 |  |  | 24,339 |  |  | 66,832 |  |  | 102,922 |  |  | 5,964 |  |  | 640,587 |  |  | 749,473 |  |  | 3,825
Home equity secured personal loans |  | - |  |  | - |  |  | 64 |  |  | 64 |  |  | - |  |  | 346 |  |  | 410 |  |  | -
GNMA's buy-back option program |  | - |  |  | - |  |  | 7,945 |  |  | 7,945 |  |  | - |  |  | - |  |  | 7,945 |  |  | -
|  | 11,751 |  |  | 24,339 |  |  | 74,841 |  |  | 110,931 |  |  | 5,964 |  |  | 640,933 |  |  | 757,828 |  |  | 3,825
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 227,557 |  |  | 227,557 |  |  | -
Institutional |  | 213 |  |  | - |  |  | - |  |  | 213 |  |  | - |  |  | 33,594 |  |  | 33,807 |  |  | -
Middle market |  | 1,174 |  |  | 712 |  |  | 9,113 |  |  | 10,999 |  |  | 1,730 |  |  | 194,219 |  |  | 206,948 |  |  | -
Retail |  | 686 |  |  | 466 |  |  | 6,921 |  |  | 8,073 |  |  | 1,177 |  |  | 231,840 |  |  | 241,090 |  |  | -
Floor plan |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 2,892 |  |  | 2,892 |  |  | -
Real estate |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 16,662 |  |  | 16,662 |  |  | -
|  | 2,073 |  |  | 1,178 |  |  | 16,034 |  |  | 19,285 |  |  | 2,907 |  |  | 706,764 |  |  | 728,956 |  |  | -
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 108,582 |  |  | 108,582 |  |  | -
Institutional |  | - |  |  | - |  |  | - |  |  | - |  |  | 190,290 |  |  | 190,695 |  |  | 380,985 |  |  | -
Middle market |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,565 |  |  | 105,748 |  |  | 107,313 |  |  | -
Retail |  | 282 |  |  | 639 |  |  | 604 |  |  | 1,525 |  |  | 783 |  |  | 75,489 |  |  | 77,797 |  |  | -
Floor plan |  | 238 |  |  | 51 |  |  | 39 |  |  | 328 |  |  | - |  |  | 37,688 |  |  | 38,016 |  |  | -
|  | 520 |  |  | 690 |  |  | 643 |  |  | 1,853 |  |  | 192,638 |  |  | 518,202 |  |  | 712,693 |  |  | -
|  | 2,593 |  |  | 1,868 |  |  | 16,677 |  |  | 21,138 |  |  | 195,545 |  |  | 1,224,966 |  |  | 1,441,649 |  |  | -
| December 31, 2015
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans 90+
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Days Past
|  |  |  |  |  |  |  |  |  |  |  |  | Current |  |  |  |  |  |  |  | Due and
| 30-59 Days |  | 60-89 Days |  | 90+ Days |  | Total Past |  | in Non- |  | Current |  |  |  | Still
| Past Due |  | Past Due |  | Past Due |  | Due |  | Accrual |  | Accruing |  | Total Loans |  | Accruing
| (In thousands) |  |  |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards | $ | 449 |  | $ | 182 |  | $ | 369 |  | $ | 1,000 |  | $ | - |  | $ | 21,766 |  | $ | 22,766 |  | $ | -
Overdrafts |  | 24 |  |  | - |  |  | - |  |  | 24 |  |  | - |  |  | 166 |  |  | 190 |  |  | -
Personal lines of credit |  | 74 |  |  | - |  |  | 45 |  |  | 119 |  |  | 19 |  |  | 2,106 |  |  | 2,244 |  |  | -
Personal loans |  | 2,078 |  |  | 1,179 |  |  | 627 |  |  | 3,884 |  |  | 414 |  |  | 196,858 |  |  | 201,156 |  |  | -
Cash collateral personal loans |  | 125 |  |  | 17 |  |  | 2 |  |  | 144 |  |  | - |  |  | 16,450 |  |  | 16,594 |  |  | -
|  | 2,750 |  |  | 1,378 |  |  | 1,043 |  |  | 5,171 |  |  | 433 |  |  | 237,346 |  |  | 242,950 |  |  | -
Auto and leasing |  | 53,566 |  |  | 16,898 |  |  | 8,293 |  |  | 78,757 |  |  | 49 |  |  | 590,357 |  |  | 669,163 |  |  | -
Total | $ | 70,660 |  | $ | 44,483 |  | $ | 100,854 |  | $ | 215,997 |  | $ | 201,991 |  | $ | 2,693,602 |  | $ | 3,111,590 |  | $ | 3,825
During 2015, the Company changed its early delinquency reporting on mortgage loans from one scheduled payment due to two scheduled payments due to be comparable with local peers, except for troubled-debt restructured loans which continue using one scheduled payment due for delinquency reporting. During 2016, the Company changed its early delinquency reporting on consumer and auto loans from one scheduled payment due to two scheduled payments to report consistently its retail portfolio. The change re sulted in a $19 thousand and $5.9 million reduction in early and total delinquency for consumer and auto loans, respectively. At December 31, 2016 and 2015, the Company had carrying balance of $136.6 million and $334.6 million, respectively, in origin ated and other loans held for investment granted to the Puerto Rico government, including its instrumentalities, public corporations and municipalities as part of the institutional commercial loan segment. All originated and other loans granted to the Puerto Rico government were c urrent at December 31, 2016 and 2015. Acquired Loans Acquired loans were initially measured at fair value and subsequently accounted for under either ASC 310-30 or ASC 310-20 (Non-refundable fees and Other Costs). We have acquired loans in two acquisitions, BBVAPR and Eurobank. Acquired BBVAPR Loans Accounted for under ASC 310-20 (Loans with revolving feature and/or acquired at a premium) Credit cards, retail and commercial revolving lines of credits, floor plans and performing auto loans with FICO scores over 660 acquired at a premium, excluding the acquired Eurobank loan portfolio, are accounted for under the guidance of ASC 310-20, which requires that any c ontractually required loan payment receivable in excess of the Company’s initial investment in the loans be accreted into interest income on a level-yield basis over the life of the loan. Loans accounted for under ASC 310-20 are placed on non-accrual statu s when past due in accordance with the Company’s non-accrual policy, and any accretion of discount or amortization of premium is discontinued. Acquired BBVAPR loans that were accounted for under the provisions of ASC 310-20 are removed from the acquired lo an category at the end of the reporting period upon refinancing, renewal or normal re-underwriting. The following tables present the aging of the recorded investment in gross acquired BBVAPR loans accounted for under ASC 310-20 as of December 31, 2016 an d 2015, by class of loans:
| December 31, 2016
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans 90+
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Days Past
|  |  |  |  |  |  |  |  |  |  |  |  | Current |  |  |  |  |  |  |  | Due and
| 30-59 Days |  | 60-89 Days |  | 90+ Days |  | Total Past |  | in Non- |  | Current |  |  |  | Still
| Past Due |  | Past Due |  | Past Due |  | Due |  | Accrual |  | Accruing |  | Total Loans |  | Accruing
| (In thousands) |  |  |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail | $ | 33 |  | $ | - |  | $ | 110 |  | $ | 143 |  | $ | - |  | $ | - |  | $ | 143 |  | $ | -
Floor plan |  | - |  |  | - |  |  | 219 |  |  | 219 |  |  | 929 |  |  | 1,242 |  |  | 2,390 |  |  | -
|  | 33 |  |  | - |  |  | 329 |  |  | 362 |  |  | 929 |  |  | 1,242 |  |  | 2,533 |  |  | -
Other commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 97 |  |  | 34 |  |  | 121 |  |  | 252 |  |  | - |  |  | 2,775 |  |  | 3,027 |  |  | -
Floor plan |  | - |  |  | - |  |  | 2 |  |  | 2 |  |  | - |  |  | - |  |  | 2 |  |  | -
|  | 97 |  |  | 34 |  |  | 123 |  |  | 254 |  |  | - |  |  | 2,775 |  |  | 3,029 |  |  | -
|  | 130 |  |  | 34 |  |  | 452 |  |  | 616 |  |  | 929 |  |  | 4,017 |  |  | 5,562 |  |  | -
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 736 |  |  | 369 |  |  | 708 |  |  | 1,813 |  |  | - |  |  | 28,280 |  |  | 30,093 |  |  | -
Personal loans |  | 48 |  |  | 14 |  |  | 120 |  |  | 182 |  |  | - |  |  | 2,587 |  |  | 2,769 |  |  | -
|  | 784 |  |  | 383 |  |  | 828 |  |  | 1,995 |  |  | - |  |  | 30,867 |  |  | 32,862 |  |  | -
Auto |  | 3,652 |  |  | 1,355 |  |  | 517 |  |  | 5,524 |  |  | 15 |  |  | 47,487 |  |  | 53,026 |  |  | -
Total | $ | 4,566 |  | $ | 1,772 |  | $ | 1,797 |  | $ | 8,135 |  | $ | 944 |  | $ | 82,371 |  | $ | 91,450 |  | $ | -
| December 31, 2015
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans 90+
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Days Past
|  |  |  |  |  |  |  |  |  |  |  |  | Current |  |  |  |  |  |  |  | Due and
| 30-59 Days |  | 60-89 Days |  | 90+ Days |  | Total Past |  | in Non- |  | Current |  |  |  | Still
| Past Due |  | Past Due |  | Past Due |  | Due |  | Accrual |  | Accruing |  | Total Loans |  | Accruing
| (In thousands) |  |  |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail | $ | - |  | $ | - |  | $ | 228 |  | $ | 228 |  | $ | - |  | $ | - |  | $ | 228 |  | $ | -
Floor plan |  | - |  |  | - |  |  | 467 |  |  | 467 |  |  | - |  |  | 2,422 |  |  | 2,889 |  |  | -
|  | - |  |  | - |  |  | 695 |  |  | 695 |  |  | - |  |  | 2,422 |  |  | 3,117 |  |  | -
Other commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 186 |  |  | 29 |  |  | 178 |  |  | 393 |  |  | - |  |  | 3,331 |  |  | 3,724 |  |  | -
Floor plan |  | - |  |  | - |  |  | 7 |  |  | 7 |  |  | - |  |  | 609 |  |  | 616 |  |  | -
|  | 186 |  |  | 29 |  |  | 185 |  |  | 400 |  |  | - |  |  | 3,940 |  |  | 4,340 |  |  | -
|  | 186 |  |  | 29 |  |  | 880 |  |  | 1,095 |  |  | - |  |  | 6,362 |  |  | 7,457 |  |  | -
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 930 |  |  | 384 |  |  | 489 |  |  | 1,803 |  |  | - |  |  | 33,414 |  |  | 35,217 |  |  | -
Personal loans |  | 14 |  |  | 29 |  |  | 46 |  |  | 89 |  |  | - |  |  | 3,079 |  |  | 3,168 |  |  | -
|  | 944 |  |  | 413 |  |  | 535 |  |  | 1,892 |  |  | - |  |  | 36,493 |  |  | 38,385 |  |  | -
Auto |  | 7,553 |  |  | 2,279 |  |  | 831 |  |  | 10,663 |  |  | - |  |  | 96,248 |  |  | 106,911 |  |  | -
Total | $ | 8,683 |  | $ | 2,721 |  | $ | 2,246 |  | $ | 13,650 |  | $ | - |  | $ | 139,103 |  | $ | 152,753 |  | $ | -
Acquired BBVAPR Loans Accounted for under ASC 310-30 (including those accounted for under ASC 310-30 by analogy) Acquired BBVAPR loans, except for credit cards, retail and commercial revolving lines of credits, floor plans and performing auto loans with FICO scores over 660 acquired at a premium, are accounted for by the Company in accordance with ASC 310-30. The carrying amount corresponding to acquired BBVAPR loans with deteriorated credit quality, including those accounted under ASC 310-30 by analogy, in the statements of financial condition at December 31, 2016 and 2015 is as follows:
|  | December 31,
|  | 2016 |  |  | 2015
|  | (In thousands)
Contractual required payments receivable: | $ | 1,669,602 |  | $ | 1,945,098
Less: Non-accretable discount |  | 363,107 |  |  | 434,190
Cash expected to be collected |  | 1,306,495 |  |  | 1,510,908
Less: Accretable yield |  | 354,701 |  |  | 361,688
Carrying amount, gross |  | 951,794 |  |  | 1,149,220
Less: allowance for loan and lease losses |  | 31,056 |  |  | 25,785
Carrying amount, net | $ | 920,738 |  | $ | 1,123,435
At December 31, 2016 and 2015, the Company had $66.2 million and $80.9 million, respectively, in loans granted to the Puerto Rico government, including its instrumentalities, public corporations and municipalities as part of its acquired BBVAPR loans accounted for under ASC 310-30. The following tables describe the accretable yield and non-accretable discount activity of acquired BBVAPR loans accounted for under ASC 310-30 for the years ended December 31, 2016, 2015
| Year Ended December 31, 2016
| Mortgage |  | Commercial |  | Construction |  | Auto |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 268,794 |  | $ | 45,411 |  | $ | 19,615 |  | $ | 21,578 |  | $ | 6,290 |  | $ | 361,688
Accretion |  | (32,834) |  |  | (20,443) |  |  | (5,811) |  |  | (13,567) |  |  | (2,982) |  |  | (75,637)
Change in expected cash flows |  | (1) |  |  | 13,949 |  |  | 310 |  |  | 1,251 |  |  | (242) |  |  | 15,267
Transfer (to) from non-accretable discount |  | 56,156 |  |  | (1,800) |  |  | (865) |  |  | (724) |  |  | 616 |  |  | 53,383
Balance at end of year | $ | 292,115 |  | $ | 37,117 |  | $ | 13,249 |  | $ | 8,538 |  | $ | 3,682 |  | $ | 354,701
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 374,772 |  | $ | 11,781 |  | $ | 6,764 |  | $ | 22,039 |  | $ | 18,834 |  | $ | 434,190
Change in actual and expected losses |  | (13,001) |  |  | (3,916) |  |  | (329) |  |  | (356) |  |  | (98) |  |  | (17,700)
Transfer from (to) accretable yield |  | (56,156) |  |  | 1,800 |  |  | 865 |  |  | 724 |  |  | (616) |  |  | (53,383)
Balance at end of year | $ | 305,615 |  | $ | 9,665 |  | $ | 7,300 |  | $ | 22,407 |  | $ | 18,120 |  | $ | 363,107
| Year Ended December 31, 2015
| Mortgage |  | Commercial |  | Construction |  | Auto |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 298,364 |  | $ | 61,196 |  | $ | 25,829 |  | $ | 53,998 |  | $ | 6,559 |  | $ | 445,946
Accretion |  | (34,842) |  |  | (39,268) |  |  | (10,161) |  |  | (23,463) |  |  | (4,379) |  |  | (112,113)
Change in actual and expected losses |  | - |  |  | 6,130 |  |  | 2,402 |  |  | - |  |  | (1) |  |  | 8,531
Transfer (to) from non-accretable discount |  | 5,272 |  |  | 17,353 |  |  | 1,545 |  |  | (8,957) |  |  | 4,111 |  |  | 19,324
Balance at end of year | $ | 268,794 |  | $ | 45,411 |  | $ | 19,615 |  | $ | 21,578 |  | $ | 6,290 |  | $ | 361,688
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 389,839 |  | $ | 23,069 |  | $ | 3,486 |  | $ | 16,215 |  | $ | 24,018 |  | $ | 456,627
Change in actual and expected losses |  | (9,795) |  |  | 6,065 |  |  | 4,823 |  |  | (3,133) |  |  | (1,073) |  |  | (3,113)
Transfer from (to) accretable yield |  | (5,272) |  |  | (17,353) |  |  | (1,545) |  |  | 8,957 |  |  | (4,111) |  |  | (19,324)
Balance at end of year | $ | 374,772 |  | $ | 11,781 |  | $ | 6,764 |  | $ | 22,039 |  | $ | 18,834 |  | $ | 434,190
| Year Ended December 31, 2014
| Mortgage |  | Commercial |  | Construction |  | Auto |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 287,841 |  | $ | 96,139 |  | $ | 42,993 |  | $ | 77,845 |  | $ | 12,735 |  | $ | 517,553
Accretion |  | (37,612) |  |  | (49,039) |  |  | (21,894) |  |  | (39,023) |  |  | (5,968) |  |  | (153,536)
Transfer (to) from non-accretable discount |  | 48,135 |  |  | 14,096 |  |  | 4,730 |  |  | 15,176 |  |  | (208) |  |  | 81,929
Balance at end of year | $ | 298,364 |  | $ | 61,196 |  | $ | 25,829 |  | $ | 53,998 |  | $ | 6,559 |  | $ | 445,946
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 463,166 |  | $ | 42,515 |  | $ | 5,851 |  | $ | 39,645 |  | $ | 28,410 |  | $ | 579,587
Change in actual and expected losses |  | (25,192) |  |  | (5,350) |  |  | 2,365 |  |  | (8,254) |  |  | (4,600) |  |  | (41,031)
Transfer from (to) accretable yield |  | (48,135) |  |  | (14,096) |  |  | (4,730) |  |  | (15,176) |  |  | 208 |  |  | (81,929)
Balance at end of year | $ | 389,839 |  | $ | 23,069 |  | $ | 3,486 |  | $ | 16,215 |  | $ | 24,018 |  | $ | 456,627
Acquired Eurobank Loans The carrying amount of acquired Eurobank loans at December 31, 2016 and 2015 is as follows:
| December 31
| 2016 |  | 2015
| (In thousands)
Contractual required payments receivable: | $ | 232,698 |  | $ | 342,511
Less: Non-accretable discount |  | 12,340 |  |  | 21,156
Cash expected to be collected |  | 220,358 |  |  | 321,355
Less: Accretable yield |  | 64,508 |  |  | 84,391
Carrying amount, gross |  | 155,850 |  |  | 236,964
Less: Allowance for covered loan and lease losses |  | 21,281 |  |  | 90,178
Carrying amount, net | $ | 134,569 |  | $ | 146,786
The following tables describe the accretable yield and non-accretable discount activity of acquired Eurobank loans for the years ended December 31, 2016, 2015 and 2014:
| Year Ended December 31, 2016
| Loans Secured by 1-4 Family Residential Properties |  | Commercial and Other Construction |  | Construction & Development Secured by 1-4 Family Residential Properties |  | Leasing |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 51,954 |  | $ | 26,970 |  | $ | 2,255 |  | $ | - |  | $ | 3,212 |  | $ | 84,391
Accretion |  | (8,942) |  |  | (19,593) |  |  | (90) |  |  | (60) |  |  | (1,813) |  |  | (30,498)
Change in expected cash flows |  | 2,134 |  |  | 13,722 |  |  | 1 |  |  | (15) |  |  | (1,386) |  |  | 14,456
Transfer from (to) non-accretable discount |  | 693 |  |  | (4,624) |  |  | 28 |  |  | 75 |  |  | (13) |  |  | (3,841)
Balance at end of year | $ | 45,839 |  | $ | 16,475 |  | $ | 2,194 |  | $ | - |  | $ | - |  | $ | 64,508
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 12,869 |  | $ | - |  | $ | - |  | $ | - |  | $ | 8,287 |  | $ | 21,156
Change in actual and expected losses |  | (3,735) |  |  | (744) |  |  | 39 |  |  | 75 |  |  | (8,292) |  |  | (12,657)
Transfer from (to) accretable yield |  | (693) |  |  | 4,624 |  |  | (28) |  |  | (75) |  |  | 13 |  |  | 3,841
Balance at end of year | $ | 8,441 |  | $ | 3,880 |  | $ | 11 |  | $ | - |  | $ | 8 |  | $ | 12,340
| Year Ended December 31, 2015
| Loans Secured by 1-4 Family Residential Properties |  | Commercial and Other Construction |  | Construction & Development Secured by 1-4 Family Residential Properties |  | Leasing |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 47,636 |  | $ | 37,920 |  | $ | 20,753 |  | $ | 2,479 |  | $ | 1,071 |  | $ | 109,859
Accretion |  | (13,685) |  |  | (32,124) |  |  | (2,513) |  |  | (3,458) |  |  | (631) |  |  | (52,411)
Change in actual and expected losses |  | 4,631 |  |  | 44,660 |  |  | (15,048) |  |  | (51) |  |  | 305 |  |  | 34,497
Transfer from (to) non-accretable discount |  | 13,372 |  |  | (23,486) |  |  | (937) |  |  | 1,030 |  |  | 2,467 |  |  | (7,554)
Balance at end of year | $ | 51,954 |  | $ | 26,970 |  | $ | 2,255 |  | $ | - |  | $ | 3,212 |  | $ | 84,391
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 27,348 |  | $ | 24,464 |  | $ | - |  | $ | - |  | $ | 10,598 |  | $ | 62,410
Change in actual and expected losses |  | (1,107) |  |  | (47,950) |  |  | (937) |  |  | 1,030 |  |  | 156 |  |  | (48,808)
Transfer (to) from accretable yield |  | (13,372) |  |  | 23,486 |  |  | 937 |  |  | (1,030) |  |  | (2,467) |  |  | 7,554
Balance at end of year | $ | 12,869 |  | $ | - |  | $ | - |  | $ | - |  | $ | 8,287 |  | $ | 21,156
| Year Ended December 31, 2014
| Loans Secured by 1-4 Family Residential Properties |  | Commercial and Other Construction |  | Construction & Development Secured by 1-4 Family Residential Properties |  | Leasing |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 53,250 |  | $ | 95,093 |  | $ | 1,690 |  | $ | 10,238 |  | $ | 2,688 |  | $ | 162,959
Accretion |  | (15,731) |  |  | (57,099) |  |  | (4,102) |  |  | (9,837) |  |  | (2,200) |  |  | (88,969)
Transfer from (to) non-accretable discount |  | 10,117 |  |  | (74) |  |  | 23,165 |  |  | 2,078 |  |  | 583 |  |  | 35,869
Balance at end of year | $ | 47,636 |  | $ | 37,920 |  | $ | 20,753 |  | $ | 2,479 |  | $ | 1,071 |  | $ | 109,859
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 39,182 |  | $ | 81,092 |  | $ | - |  | $ | - |  | $ | 9,203 |  | $ | 129,477
Change in actual and expected losses |  | (1,717) |  |  | (56,702) |  |  | 23,165 |  |  | 2,078 |  |  | 1,978 |  |  | (31,198)
Transfer (to) from accretable yield |  | (10,117) |  |  | 74 |  |  | (23,165) |  |  | (2,078) |  |  | (583) |  |  | (35,869)
Balance at end of year | $ | 27,348 |  | $ | 24,464 |  | $ | - |  | $ | - |  | $ | 10,598 |  | $ | 62,410
Non-accrual Loans The following table presents the recorded investment in loans in non-accrual status by class of loans as of December 31, 2016 and 2015:
| December 31, |  | December 31,
| 2016 |  | 2015
| (In thousands)
Originated and other loans and leases held for investment |  |  |  |  |
Mortgage |  |  |  |  |
Traditional (by origination year): |  |  |  |  |
Up to the year 2002 | $ | 3,336 |  | $ | 3,786
Years 2003 and 2004 |  | 7,668 |  |  | 5,737
Year 2005 |  | 4,487 |  |  | 3,627
Year 2006 |  | 6,746 |  |  | 8,189
Years 2007, 2008 and 2009 |  | 11,526 |  |  | 14,625
Years 2010, 2011, 2012, 2013 |  | 10,089 |  |  | 10,588
Years 2014, 2015 and 2016 |  | 1,404 |  |  | 663
|  | 45,256 |  |  | 47,215
Non-traditional |  | 4,730 |  |  | 5,092
Loss mitigation program |  | 20,744 |  |  | 20,172
|  | 70,730 |  |  | 72,479
Home equity loans, secured personal loans |  | - |  |  | 64
|  | 70,730 |  |  | 72,543
Commercial |  |  |  |  |
Commercial secured by real estate |  |  |  |  |
Middle market |  | 4,682 |  |  | 12,729
Retail |  | 11,561 |  |  | 8,726
|  | 16,243 |  |  | 21,455
Other commercial and industrial |  |  |  |  |
Institutional |  | - |  |  | 190,290
Middle market |  | 1,278 |  |  | 1,565
Retail |  | 1,950 |  |  | 1,932
Floor plan |  | 61 |  |  | 39
|  | 3,289 |  |  | 193,826
|  | 19,532 |  |  | 215,281
Consumer |  |  |  |  |
Credit cards |  | 525 |  |  | 369
Personal lines of credit |  | 32 |  |  | 100
Personal loans |  | 1,420 |  |  | 1,146
Cash collateral personal loans |  | 4 |  |  | 16
|  | 1,981 |  |  | 1,631
Auto and leasing |  | 9,052 |  |  | 8,418
Total non-accrual originated loans | $ | 101,295 |  | $ | 297,873
| December 31, |  | December 31,
| 2016 |  | 2015
| (In thousands)
Acquired BBVAPR loans accounted for under ASC 310-20 |  |  |  |  |
Commercial |  |  |  |  |
Commercial secured by real estate |  |  |  |  |
Retail | $ | 143 |  | $ | 228
Floor plan |  | 1,149 |  |  | 467
|  | 1,292 |  |  | 695
Other commercial and industrial |  |  |  |  |
Retail |  | 121 |  |  | 178
Floor plan |  | 2 |  |  | 7
|  | 123 |  |  | 185
|  | 1,415 |  |  | 880
Consumer |  |  |  |  |
Credit cards |  | 708 |  |  | 489
Personal loans |  | 120 |  |  | 46
|  | 828 |  |  | 535
Auto |  | 552 |  |  | 831
Total non-accrual acquired BBVAPR loans accounted for under ASC 310-20 |  | 2,795 |  |  | 2,246
Total non-accrual loans | $ | 104,090 |  | $ | 300,119
Loans accounted for under ASC 310-30 are excluded from the above table as they are considered to be performing due to the application of the accretion method, in which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analyses or are accounted under the cost recovery method. Delinquent residential mortgage loans insured or guaranteed under applicable FHA and VA programs are classified as non-performing loans when they become 90 days or more past due, but are not placed in non-accrual status until they become 18 months or more past due, since they are insured loans. Therefore, these loans are included as non-performing loans but excluded from non-accrual loans. In addition, these loans are excluded fr om the impairment analysis. At December 31, 2016 and 2015, loans whose terms have been extended an d which are classified as troubled-debt restructurings that are not included in non-accrual loans amounted to $98.1 million and $93.6 million, respectively, as they are performing under their new terms. Impaired Loans The Company evaluates all loans, some individually and others as homogeneous groups, for purposes of determining impairment. The total investment in impaired commercial loans was $54.3 million and $235.8 million at December 31, 2016 and 2015, respectively. Impaired commercial loans at December 31, 2015 included the PREPA line of credit with an unpaid principal balance of $190.3 million which was sold in 2016. The impaired commercial loans were measured based on the fair value o f collateral or the present value of cash flows, including those identified as troubled-debt restructurings. The allowance for loan and lease losses for impaired commercial loans amounted to $1.8 million and $55.9 million at December 31, 2016 and 2015, respectively. The allowance for loan and lease losses for impaired commercial loans at December 31, 2015 include d $53.3 million of specific allowance for PREPA. The total investment in impaired mortgage loans was $91.6 million and $90.0 million at December 31, 2016 and 2015, respectively. Impairment on mortgage loans assessed as troubled-debt restructurings was measured using the present value of cash flows. The allowance for loan losses for impaired mortgage loans amounted to $7.8 million and $9.2 mi llion at December 31, 2016 and 2015, respectively. Originated and Other Loans and Leases Held for Investment The Company’s recorded investment in commercial and mortgage loans categorized as originated and other loans and leases held for investment that were individually evaluated for impairment and the related allowance for loan and lease losses at December 31, 2016 and 2015 are as follows:
| December 31, 2016 |  |
| Unpaid |  | Recorded |  | Related |  |  |  |
| Principal |  | Investment |  | Allowance |  | Coverage |  |
| (In thousands) |  |
Impaired loans with specific allowance: |  |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 13,183 |  | $ | 11,698 |  | $ | 1,626 |  | 14% |  |
Residential impaired and troubled-debt restructuring |  | 100,101 |  |  | 91,650 |  |  | 7,761 |  | 8% |  |
Impaired loans with no specific allowance: |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 49,038 |  |  | 41,441 |  |  | N/A |  | 0% |  |
Total investment in impaired loans | $ | 162,322 |  | $ | 144,789 |  | $ | 9,387 |  | 6% |  |
| December 31, 2015 |  |
| Unpaid |  | Recorded |  | Related |  |  |  |
| Principal |  | Investment |  | Allowance |  | Coverage |  |
| (In thousands) |  |
Impaired loans with specific allowance: |  |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 210,718 |  | $ | 199,366 |  | $ | 55,947 |  | 13% |  |
Residential impaired and troubled-debt restructuring |  | 97,424 |  |  | 89,973 |  |  | 9,233 |  | 9% |  |
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 42,110 |  |  | 35,928 |  |  | N/A |  | 0% |  |
Total investment in impaired loans | $ | 350,252 |  | $ | 325,267 |  | $ | 65,180 |  | 11% |  |
Acquired BBVAPR Loans Loans Accounted for under ASC 310-20 (Loans with revolving feature and/or acquired at a premium) The Company’s recorded investment in acquired BBVAPR commercial loans accounted for under ASC 310-20 that were individually evaluated for impairment and the related allowance for loan and lease losses at December 31, 2016 and 2015 are as follows:
| December 31, 2016
| Unpaid |  | Recorded |  | Related |  |
| Principal |  | Investment |  | Allowance |  | Coverage
| (In thousands)
Impaired loans with specific allowance |  |  |  |  |  |  |  |  |  |
Commercial | $ | 944 |  | $ | 929 |  |  | 141 |  | 15%
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |
Commercial | $ | 240 |  | $ | 221 |  |  | N/A |  | 0%
Total investment in impaired loans | $ | 1,184 |  | $ | 1,150 |  | $ | 141 |  | 12%
| December 31, 2015
| Unpaid |  | Recorded |  | Specific |  |
| Principal |  | Investment |  | Allowance |  | Coverage
| (In thousands)
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |
Commercial | $ | 486 |  | $ | 474 |  |  | N/A |  | 0%
Total investment in impaired loans | $ | 486 |  | $ | 474 |  | $ | - |  | 0%
Loans Accounted for under ASC 310-30 (including those accounted for under ASC 310-30 by analogy) The Company’s recorded investment in acquired BBVAPR loan pools accounted for under ASC 310-30 that have recorded impairments and their related allowance for loan and lease losses at December 31, 2016 and 2015 are as follows:
| December 31, 2016
|  |  |  |  |  |  |  |  |  | Coverage
| Unpaid |  | Recorded |  |  |  | to Recorded
| Principal |  | Investment |  | Allowance |  | Investment
| (In thousands)
Impaired loan pools with specific allowance: |  |  |  |  |  |  |  |  |  |
Mortgage | $ | 595,757 |  | $ | 569,250 |  | $ | 2,682 |  | 0%
Commercial |  | 160,254 |  |  | 156,241 |  |  | 19,873 |  | 13%
Construction |  | 38,838 |  |  | 39,287 |  |  | 3,579 |  | 9%
Auto |  | 92,797 |  |  | 85,676 |  |  | 4,922 |  | 6%
Total investment in impaired loan pools | $ | 887,646 |  | $ | 850,454 |  | $ | 31,056 |  | 4%
| December 31 , 2015
|  |  |  |  |  |  |  |  |  | Coverage
| Unpaid |  | Recorded |  |  |  | to Recorded
| Principal |  | Investment |  | Allowance |  | Investment
| (In thousands)
Impaired loan pools with specific allowance: |  |  |  |  |  |  |  |  |  |
Mortgage | $ | 608,294 |  | $ | 608,294 |  | $ | 1,761 |  | 0%
Commercial |  | 287,311 |  |  | 168,107 |  |  | 15,455 |  | 9%
Construction |  | 88,180 |  |  | 87,983 |  |  | 5,707 |  | 6%
Auto |  | 153,592 |  |  | 153,592 |  |  | 2,862 |  | 2%
Total investment in impaired loan pools | $ | 1,137,377 |  | $ | 1,017,976 |  | $ | 25,785 |  | 3%
The tables above only present information with respect to acquired BBVAPR loans and loan pools accounted for under ASC 310-30 if there is a recorded impairment to such loans or loan pools and a spec ific allowance for loan losses. Acquired Eurobank Loans The Company’s recorded investment in acquired Eurobank loan pools that have recorded impairments and their related allowance for loan and lease losses as of December 31, 2016 and 2015 are as follows:
| December 31, 2016
|  |  |  |  |  |  |  |  |  | Coverage
| Unpaid |  | Recorded |  |  |  | to Recorded
| Principal |  | Investment |  | Allowance |  | Investment
| (In thousands)
Impaired loan pools with specific allowance: |  |  |  |  |  |  |  |  |  |
Loans secured by 1-4 family residential properties | $ | 88,017 |  | $ | 73,018 |  | $ | 11,947 |  | 16%
Commercial and construction |  | 81,992 |  |  | 72,140 |  |  | 9,328 |  | 13%
Consumer |  | 29 |  |  | 1,372 |  |  | 6 |  | 0%
Total investment in impaired loan pools | $ | 170,038 |  | $ | 146,530 |  | $ | 21,281 |  | 15%
| December 31, 2015
|  |  |  |  |  |  |  |  |  | Coverage
| Unpaid |  | Recorded |  | Specific |  | to Recorded
| Principal |  | Investment |  | Allowance |  | Investment
| (In thousands)
Impaired loan pools with specific allowance |  |  |  |  |  |  |  |  |  |
Loans secured by 1-4 family residential properties | $ | 101,444 |  | $ | 92,273 |  | $ | 22,570 |  | 24%
Commercial and construction |  | 133,148 |  |  | 142,377 |  |  | 67,365 |  | 47%
Consumer |  | 6,713 |  |  | 2,314 |  |  | 243 |  | 11%
Total investment in impaired loan pools | $ | 241,305 |  | $ | 236,964 |  | $ | 90,178 |  | 38%
The tables above only present information with respect to acquired Eurobank loans and loan pools accounted for under ASC 310-30 if there is a recorded impairment to such loans or loan pools and a specific allowance for loan losses. The following table presents the interest recognized in commercial and mortgage loans that were individually evaluated for impairment, excluding loans accounted for under ASC 310-30, for the years ended 2016, 2015, and 2014:
| Year Ended December 31,
| 2016 |  |  | 2015 |  |  | 2014
| Interest Income Recognized |  | Average Recorded Investment |  |  | Interest Income Recognized |  | Average Recorded Investment |  |  | Interest Income Recognized | Average Recorded Investment
| (In thousands)
Originated and other loans held for investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans with specific allowance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 452 |  | $ | 118,980 |  | $ | 280 |  | $ | 175,115 |  | $ | 237 |  | $ | 5,899
Residential troubled-debt restructuring |  | 3,190 |  |  | 91,139 |  |  | 3,219 |  |  | 90,736 |  |  | 2,623 |  |  | 90,383
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 1,941 |  |  | 40,443 |  |  | 1,350 |  |  | 64,356 |  |  | 9,400 |  |  | 90,748
Total interest income from impaired loans | $ | 5,583 |  | $ | 250,562 |  | $ | 4,849 |  | $ | 330,207 |  | $ | 12,260 |  | $ | 187,030
Acquired loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans with specific allowance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | - |  | $ | 319 |  | $ | - |  | $ | - |  | $ | - |  | $ | -
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | - |  |  | 608 |  |  | - |  |  | - |  |  | - |  |  | -
Total interest income from impaired loans | $ | 5,583 |  | $ | 251,489 |  | $ | 4,849 |  | $ | 330,207 |  | $ | 12,260 |  | $ | 187,030
Modifications The following tables present the troubled-debt restructurings during the years ended 2016, 2015 and 2014
| Year Ended December 31, 2016
| Number of contracts |  | Pre-Modification Outstanding Recorded Investment |  | Pre-Modification Weighted Average Rate |  | Pre-Modification Weighted Average Term (in Months) |  | Post-Modification Outstanding Recorded Investment |  | Post-Modification Weighted Average Rate |  | Post-Modification Weighted Average Term (in Months)
| (Dollars in thousands)
Mortgage | 90 |  | $ | 11,684 |  | 6.05% |  | 351 |  | $ | 11,625 |  | 4.77% |  | 439
Commercial | 20 |  |  | 9,833 |  | 5.73% |  | 64 |  |  | 10,151 |  | 5.93% |  | 116
Consumer | 75 |  |  | 817 |  | 13.60% |  | 73 |  |  | 902 |  | 11.23% |  | 66
| Year Ended December 31, 2015
| Number of contracts |  | Pre-Modification Outstanding Recorded Investment |  | Pre-Modification Weighted Average Rate |  | Pre-Modification Weighted Average Term (in Months) |  | Post-Modification Outstanding Recorded Investment |  | Post-Modification Weighted Average Rate |  | Post-Modification Weighted Average Term (in Months)
| (Dollars in thousands)
Mortgage | 160 |  | $ | 21,053 |  | 5.42% |  | 356 |  | $ | 21,182 |  | 4.35% |  | 272
Commercial | 9 |  |  | 5,664 |  | 6.79% |  | 66 |  |  | 13,174 |  | 4.57% |  | 56
Consumer | 64 |  |  | 611 |  | 13.85% |  | 71 |  |  | 898 |  | 13.43% |  | 60
Auto | 5 |  |  | 130 |  | 10.51% |  | 65 |  |  | 131 |  | 10.87% |  | 61
| Year Ended December 31, 2014
| Number of contracts |  | Pre-Modification Outstanding Recorded Investment |  | Pre-Modification Weighted Average Rate |  | Pre-Modification Weighted Average Term (in Months) |  | Post-Modification Outstanding Recorded Investment |  | Post-Modification Weighted Average Rate |  | Post-Modification Weighted Average Term (in Months)
| (Dollars in thousands)
Mortgage | 162 |  | $ | 21,188 |  | 6.03% |  | 350 |  | $ | 20,958 |  | 4.25% |  | 420
Commercial | 26 |  |  | 200,446 |  | 7.25% |  | 3 |  |  | 200,125 |  | 7.25% |  | 10
Consumer | 26 |  |  | 212 |  | 10.09% |  | 56 |  |  | 240 |  | 12.96% |  | 65
The following table presents troubled-debt restructurings for which there was a payment default during the years ended 2016, 2015 and 2014:
| Year Ended December 31,
| 2016 |  |  | 2015 |  |  | 2014
| Number of Contracts |  | Recorded Investment |  |  | Number of Contracts |  | Recorded Investment |  |  | Number of Contracts |  | Recorded Investment
| (Dollars in thousands)
Mortgage | 19 |  | $ | 2,241 |  |  | 65 |  | $ | 7,387 |  |  | 15 |  | $ | 1,700
Commercial | 2 |  | $ | 157 |  |  | - |  | $ | - |  |  | - |  | $ | -
Consumer | 11 |  | $ | 126 |  |  | 8 |  | $ | 177 |  |  | 5 |  | $ | 37
Auto | - |  | $ | - |  |  | 1 |  | $ | 64 |  |  | - |  | $ | -
Credit Quality Indicators The Company categorizes originated and other loans and acquired loans accounted for under ASC 310-20 into risk categories based on relevant information about the ability of borrowers to service their debt, such as economic conditions, portfolio risk characteristics, prior loss experience, and the results of periodic credit reviews of individual loans. The Company uses the following definitions for risk ratings: Pass: Loans classified as “pass” have a well-defined primary s ource of repayment very likely to be sufficient, with no apparent risk, strong financial position, minimal operating risk, profitability, liquidity and capitalization better than industry standards. Special Mention: Loans classified as “special mention” h ave a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substanda rd: Loans classified as “substandard” are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidatio n of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful: Loans classified as “doubtful” have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, questionable and improbable. Loss: Loans classified as “loss” are considered uncollect ible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off th is worthless loan even though partial recovery may be effected in the future. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. As of December 31, 2016 and 2015, and based on the most recent analysis performed, the risk category of gross originated and other loans and BBVAPR acquired loans accounted for under ASC 310-20 subject to risk rating by class of loans is as follows:
| December 31, 2016
| Risk Ratings
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Individually
| Balance |  |  |  |  | Special |  |  |  |  |  |  |  | Measured for
| Outstanding |  | Pass |  | Mention |  | Substandard |  | Doubtful |  | Impairment
| (In thousands)
Commercial - originated and other loans held for investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate | $ | 242,770 |  | $ | 226,768 |  | $ | 16,002 |  | $ | - |  | $ | - |  | $ | -
Institutional |  | 26,800 |  |  | 16,067 |  |  | 9,090 |  |  | - |  |  | - |  |  | 1,643
Middle market |  | 234,981 |  |  | 194,913 |  |  | 9,437 |  |  | 514 |  |  | - |  |  | 30,117
Retail |  | 249,728 |  |  | 221,687 |  |  | 7,860 |  |  | 4,318 |  |  | - |  |  | 15,863
Floor plan |  | 2,989 |  |  | 2,989 |  |  | - |  |  | - |  |  | - |  |  | -
Real estate |  | 16,395 |  |  | 16,395 |  |  | - |  |  | - |  |  | - |  |  | -
|  | 773,663 |  |  | 678,819 |  |  | 42,389 |  |  | 4,832 |  |  | - |  |  | 47,623
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | 136,438 |  |  | 136,438 |  |  | - |  |  | - |  |  | - |  |  | -
Institutional |  | 180,285 |  |  | 180,185 |  |  | 100 |  |  | - |  |  | - |  |  | -
Middle market |  | 81,633 |  |  | 63,556 |  |  | 16,150 |  |  | 149 |  |  | - |  |  | 1,778
Retail |  | 73,705 |  |  | 68,529 |  |  | 731 |  |  | 740 |  |  | - |  |  | 3,705
Floor plan |  | 32,142 |  |  | 29,267 |  |  | 2,814 |  |  | 28 |  |  | - |  |  | 33
|  | 504,203 |  |  | 477,975 |  |  | 19,795 |  |  | 917 |  |  | - |  |  | 5,516
Total |  | 1,277,866 |  |  | 1,156,794 |  |  | 62,184 |  |  | 5,749 |  |  | - |  |  | 53,139
Commercial - acquired loans (under ASC 310-20) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 143 |  |  | - |  |  | - |  |  | 143 |  |  | - |  |  | -
Floor plan |  | 2,390 |  |  | 905 |  |  | 337 |  |  | - |  |  | - |  |  | 1,148
|  | 2,533 |  |  | 905 |  |  | 337 |  |  | 143 |  |  | - |  |  | 1,148
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 3,027 |  |  | 3,014 |  |  | - |  |  | 13 |  |  | - |  |  | -
Floor plan |  | 2 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 2
|  | 3,029 |  |  | 3,014 |  |  | - |  |  | 13 |  |  | - |  |  | 2
Total |  | 5,562 |  |  | 3,919 |  |  | 337 |  |  | 156 |  |  | - |  |  | 1,150
Total | $ | 1,283,428 |  | $ | 1,160,713 |  | $ | 62,521 |  | $ | 5,905 |  | $ | - |  | $ | 54,289
| December 31, 2015
| Risk Ratings
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Individually
| Balance |  |  |  |  | Special |  |  |  |  |  |  |  | Measured for
| Outstanding |  | Pass |  | Mention |  | Substandard |  | Doubtful |  | Impairment
| (In thousands)
Commercial - originated and other loans held for investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate | $ | 227,557 |  | $ | 212,410 |  | $ | 15,147 |  | $ | - |  | $ | - |  | $ | -
Institutional |  | 33,807 |  |  | 25,907 |  |  | - |  |  | - |  |  | - |  |  | 7,900
Middle market |  | 206,948 |  |  | 181,916 |  |  | 9,697 |  |  | - |  |  | - |  |  | 15,335
Retail |  | 241,090 |  |  | 217,836 |  |  | 7,936 |  |  | 5,097 |  |  | - |  |  | 10,221
Floor plan |  | 2,892 |  |  | 2,892 |  |  | - |  |  | - |  |  | - |  |  | -
Real estate |  | 16,662 |  |  | 16,662 |  |  | - |  |  | - |  |  | - |  |  | -
|  | 728,956 |  |  | 657,623 |  |  | 32,780 |  |  | 5,097 |  |  | - |  |  | 33,456
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | 108,582 |  |  | 100,826 |  |  | - |  |  | - |  |  | - |  |  | 7,756
Institutional |  | 380,985 |  |  | 190,695 |  |  | - |  |  | - |  |  | - |  |  | 190,290
Middle market |  | 107,313 |  |  | 97,288 |  |  | 8,052 |  |  | - |  |  | - |  |  | 1,973
Retail |  | 77,797 |  |  | 73,757 |  |  | 1,076 |  |  | 1,184 |  |  | - |  |  | 1,780
Floor plan |  | 38,016 |  |  | 35,862 |  |  | 2,115 |  |  | - |  |  | - |  |  | 39
|  | 712,693 |  |  | 498,428 |  |  | 11,243 |  |  | 1,184 |  |  | - |  |  | 201,838
Total |  | 1,441,649 |  |  | 1,156,051 |  |  | 44,023 |  |  | 6,281 |  |  | - |  |  | 235,294
Commercial - acquired loans (under ASC 310-20) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 228 |  |  | - |  |  | - |  |  | 228 |  |  | - |  |  | -
Floor plan |  | 2,889 |  |  | 602 |  |  | 1,820 |  |  | - |  |  | - |  |  | 467
|  | 3,117 |  |  | 602 |  |  | 1,820 |  |  | 228 |  |  | - |  |  | 467
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 3,724 |  |  | 3,637 |  |  | - |  |  | 87 |  |  | - |  |  | -
Floor plan |  | 616 |  |  | 609 |  |  | - |  |  | - |  |  | - |  |  | 7
|  | 4,340 |  |  | 4,246 |  |  | - |  |  | 87 |  |  | - |  |  | 7
Total |  | 7,457 |  |  | 4,848 |  |  | 1,820 |  |  | 315 |  |  | - |  |  | 474
Total | $ | 1,449,106 |  | $ | 1,160,899 |  | $ | 45,843 |  | $ | 6,596 |  | $ | - |  | $ | 235,768
At December 31, 2016 and 2015, the Company had outstanding credit facilities of approximately $202.8 million and $415.4 million, respectively, granted to the Puerto Rico government, including its instrumentalities, public corporations and municipalities, included within its portfolio of originated and other loans and acquired BBVAPR loans accounted for under ASC 310-30. A substantial portion of the Company’s credit exposure to Puerto Rico’s government consists of collateralized loans or obligat ions that have a specific source of income or revenues identified for their repayment. A t December 31, 2016 a pproximately $191.8 million of these loans are general obligations of municipalities secured by ad valorem taxation, without limitation as to rate or amount, on all tax able property within the issuing municipalities. The good faith, credit and unlimited taxing power of each issuing municipality are pledged for the payment of its general obligations. At December 31, 2016, we had approximately $11.0 million of credit f acilities to central government and public corporations of the Commonwealth, consisting of a participation in a loan to the Puerto Rico Housing Finance Authority ("PRHFA") with an outstanding balance of $10.9 million to be repaid from abandoned or unclaime d funds at financial institutions that revert to the government under a Puerto Rico escheat law. The loan to PRHFA defaulted on an annual principal payment in the third quarter of 2016. The outstanding balance of credit facilities to the central governmen t and public corporations decreased by $200.8 million during 2016 mainly as a result of the sale of the PREPA fuel line of credit which had an outstanding balance of $190.3 million at December 31, 2015. For residential and consumer loan classes, the Company evaluates credit quality based on the delinquency status of the loan. As of December 31, 2016 and 2015, and based on the most recent analysis performed, the risk category of gross originated and other loans and acquired BBVAPR loans accounted for under ASC 310-20 not subject to risk rating by class of loans is as follows:
| December 31, 2016
| Delinquency
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Individually
| Balance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Measured for
| Outstanding |  | 0-29 days |  | 30-59 days |  | 60-89 days |  | 90-119 days |  | 120-364 days |  | 365+ days |  | Impairment
| (In thousands)
Originated and other loans and leases held for investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Traditional (by origination year) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Up to the year 2002 | $ | 50,285 |  | $ | 44,248 |  | $ | - |  | $ | 2,095 |  | $ | 368 |  | $ | 1,315 |  | $ | 1,552 |  | $ | 707
Years 2003 and 2004 |  | 90,707 |  |  | 78,501 |  |  | - |  |  | 3,712 |  |  | 1,767 |  |  | 2,675 |  |  | 2,100 |  |  | 1,952
Year 2005 |  | 50,009 |  |  | 43,177 |  |  | - |  |  | 1,952 |  |  | 561 |  |  | 1,024 |  |  | 2,181 |  |  | 1,114
Year 2006 |  | 69,300 |  |  | 57,271 |  |  | 82 |  |  | 2,397 |  |  | 353 |  |  | 2,210 |  |  | 3,410 |  |  | 3,577
Years 2007, 2008 and 2009 |  | 76,729 |  |  | 61,547 |  |  | 83 |  |  | 1,439 |  |  | 865 |  |  | 2,330 |  |  | 6,459 |  |  | 4,006
Years 2010, 2011, 2012 2013 |  | 139,860 |  |  | 127,375 |  |  | 60 |  |  | 1,451 |  |  | 1,459 |  |  | 1,667 |  |  | 3,584 |  |  | 4,264
Years 2014, 2015 and 2016 |  | 108,199 |  |  | 106,672 |  |  | - |  |  | 123 |  |  | 386 |  |  | 210 |  |  | 761 |  |  | 47
|  | 585,089 |  |  | 518,791 |  |  | 225 |  |  | 13,169 |  |  | 5,759 |  |  | 11,431 |  |  | 20,047 |  |  | 15,667
Non-traditional |  | 22,859 |  |  | 17,631 |  |  | - |  |  | 498 |  |  | 366 |  |  | 1,263 |  |  | 3,101 |  |  | -
Loss mitigation program |  | 103,528 |  |  | 17,814 |  |  | 2,304 |  |  | 1,681 |  |  | 388 |  |  | 1,599 |  |  | 3,759 |  |  | 75,983
|  | 711,476 |  |  | 554,236 |  |  | 2,529 |  |  | 15,348 |  |  | 6,513 |  |  | 14,293 |  |  | 26,907 |  |  | 91,650
Home equity secured personal loans |  | 337 |  |  | 337 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
GNMA's buy-back option program |  | 9,681 |  |  | (1) |  |  | - |  |  | - |  |  | 2,441 |  |  | 3,141 |  |  | 4,100 |  |  | -
|  | 721,494 |  |  | 554,572 |  |  | 2,529 |  |  | 15,348 |  |  | 8,954 |  |  | 17,434 |  |  | 31,007 |  |  | 91,650
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 26,358 |  |  | 25,023 |  |  | 527 |  |  | 283 |  |  | 191 |  |  | 334 |  |  | - |  |  | -
Overdrafts |  | 207 |  |  | 174 |  |  | 16 |  |  | 12 |  |  | 1 |  |  | 4 |  |  | - |  |  | -
Unsecured personal lines of credit |  | 2,404 |  |  | 2,327 |  |  | 41 |  |  | 4 |  |  | 3 |  |  | 25 |  |  | 4 |  |  | -
Unsecured personal loans |  | 246,272 |  |  | 241,227 |  |  | 2,474 |  |  | 1,489 |  |  | 1,074 |  |  | 8 |  |  | - |  |  | -
Cash collateral personal loans |  | 15,274 |  |  | 15,010 |  |  | 240 |  |  | 20 |  |  | 4 |  |  | - |  |  | - |  |  | -
|  | 290,515 |  |  | 283,761 |  |  | 3,298 |  |  | 1,808 |  |  | 1,273 |  |  | 371 |  |  | 4 |  |  | -
Auto and Leasing |  | 756,395 |  |  | 686,493 |  |  | 42,714 |  |  | 19,014 |  |  | 6,253 |  |  | 1,921 |  |  | - |  |  | -
|  | 1,768,404 |  |  | 1,524,826 |  |  | 48,541 |  |  | 36,170 |  |  | 16,480 |  |  | 19,726 |  |  | 31,011 |  |  | 91,650
Acquired loans (accounted for under ASC 310-20) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 30,093 |  |  | 28,281 |  |  | 736 |  |  | 369 |  |  | 227 |  |  | 480 |  |  | - |  |  | -
Personal loans |  | 2,769 |  |  | 2,587 |  |  | 48 |  |  | 14 |  |  | 21 |  |  | 99 |  |  | - |  |  | -
|  | 32,862 |  |  | 30,868 |  |  | 784 |  |  | 383 |  |  | 248 |  |  | 579 |  |  | - |  |  | -
Auto |  | 53,026 |  |  | 47,503 |  |  | 3,652 |  |  | 1,355 |  |  | 415 |  |  | 101 |  |  | - |  |  | -
|  | 85,888 |  |  | 78,371 |  |  | 4,436 |  |  | 1,738 |  |  | 663 |  |  | 680 |  |  | - |  |  | -
Total | $ | 1,854,292 |  | $ | 1,603,197 |  | $ | 52,977 |  | $ | 37,908 |  | $ | 17,143 |  | $ | 20,406 |  | $ | 31,011 |  | $ | 91,650
| December 31, 2015
| Delinquency
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Individually
| Balance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Measured for
| Outstanding |  | 0-29 days |  | 30-59 days |  | 60-89 days |  | 90-119 days |  | 120-364 days |  | 365+ days |  | Impairment
| (In thousands)
Originated and other loans and leases held for investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Traditional (by origination year) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Up to the year 2002 | $ | 57,789 |  | $ | 50,912 |  | $ | 82 |  | $ | 2,218 |  | $ | 530 |  | $ | 1,504 |  | $ | 1,858 |  | $ | 685
Years 2003 and 2004 |  | 99,446 |  |  | 87,060 |  |  | 251 |  |  | 4,867 |  |  | 1,261 |  |  | 1,353 |  |  | 2,921 |  |  | 1,733
Year 2005 |  | 54,221 |  |  | 47,197 |  |  | 79 |  |  | 2,553 |  |  | 292 |  |  | 1,068 |  |  | 2,189 |  |  | 843
Year 2006 |  | 78,403 |  |  | 63,659 |  |  | 318 |  |  | 2,878 |  |  | 1,168 |  |  | 1,895 |  |  | 4,871 |  |  | 3,614
Years 2007, 2008 and 2009 |  | 91,546 |  |  | 71,439 |  |  | 170 |  |  | 1,665 |  |  | 685 |  |  | 2,972 |  |  | 10,725 |  |  | 3,890
Years 2010, 2011, 2012 2013 |  | 150,744 |  |  | 134,945 |  |  | 569 |  |  | 1,611 |  |  | 434 |  |  | 1,982 |  |  | 6,737 |  |  | 4,466
Year 2014 and 2015 |  | 85,856 |  |  | 85,128 |  |  | - |  |  | 65 |  |  | 148 |  |  | 281 |  |  | 234 |  |  | -
|  | 618,005 |  |  | 540,340 |  |  | 1,469 |  |  | 15,857 |  |  | 4,518 |  |  | 11,055 |  |  | 29,535 |  |  | 15,231
Non-traditional |  | 29,552 |  |  | 23,497 |  |  | - |  |  | 977 |  |  | 552 |  |  | 2,621 |  |  | 1,905 |  |  | -
Loss mitigation program |  | 101,916 |  |  | 16,031 |  |  | 4,173 |  |  | 1,977 |  |  | 727 |  |  | 1,728 |  |  | 2,538 |  |  | 74,742
|  | 749,473 |  |  | 579,868 |  |  | 5,642 |  |  | 18,811 |  |  | 5,797 |  |  | 15,404 |  |  | 33,978 |  |  | 89,973
Home equity secured personal loans |  | 410 |  |  | 346 |  |  | - |  |  | - |  |  | - |  |  | 64 |  |  | - |  |  | -
GNMA's buy-back option program |  | 7,945 |  |  | - |  |  | - |  |  | - |  |  | 1,593 |  |  | 3,578 |  |  | 2,774 |  |  | -
|  | 757,828 |  |  | 580,214 |  |  | 5,642 |  |  | 18,811 |  |  | 7,390 |  |  | 19,046 |  |  | 36,752 |  |  | 89,973
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 22,766 |  |  | 21,766 |  |  | 449 |  |  | 182 |  |  | 179 |  |  | 190 |  |  | - |  |  | -
Overdrafts |  | 190 |  |  | 166 |  |  | 24 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Unsecured personal lines of credit |  | 2,244 |  |  | 2,125 |  |  | 74 |  |  | - |  |  | 17 |  |  | 28 |  |  | - |  |  | -
Unsecured personal loans |  | 201,156 |  |  | 197,339 |  |  | 2,083 |  |  | 1,107 |  |  | 621 |  |  | 6 |  |  | - |  |  | -
Cash collateral personal loans |  | 16,594 |  |  | 16,450 |  |  | 125 |  |  | 17 |  |  | 2 |  |  | - |  |  | - |  |  | -
|  | 242,950 |  |  | 237,846 |  |  | 2,755 |  |  | 1,306 |  |  | 819 |  |  | 224 |  |  | - |  |  | -
Auto and Leasing |  | 669,163 |  |  | 590,482 |  |  | 53,549 |  |  | 16,839 |  |  | 5,708 |  |  | 2,585 |  |  | - |  |  | -
|  | 1,669,941 |  |  | 1,408,542 |  |  | 61,946 |  |  | 36,956 |  |  | 13,917 |  |  | 21,855 |  |  | 36,752 |  |  | 89,973
Acquired loans (accounted for under ASC 310-20) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 35,217 |  |  | 33,414 |  |  | 930 |  |  | 384 |  |  | 186 |  |  | 303 |  |  | - |  |  | -
Personal loans |  | 3,168 |  |  | 3,079 |  |  | 14 |  |  | 29 |  |  | 1 |  |  | 45 |  |  | - |  |  | -
|  | 38,385 |  |  | 36,493 |  |  | 944 |  |  | 413 |  |  | 187 |  |  | 348 |  |  | - |  |  | -
Auto |  | 106,911 |  |  | 96,247 |  |  | 7,553 |  |  | 2,279 |  |  | 623 |  |  | 209 |  |  | - |  |  | -
|  | 145,296 |  |  | 132,740 |  |  | 8,497 |  |  | 2,692 |  |  | 810 |  |  | 557 |  |  | - |  |  | -
Total | $ | 1,815,237 |  | $ | 1,541,282 |  | $ | 70,443 |  | $ | 39,648 |  | $ | 14,727 |  | $ | 22,412 |  | $ | 36,752 |  | $ | 89,973

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