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Allowance for Loan and Lease Losses (Tables)

12 Months Ended

Dec. 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 December 31, 2016 and 2015 was as follows:

	December 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	$	17,344		$	18,352
Commercial		8,995			64,791
Consumer		13,067			11,197
Auto and leasing		19,463			18,261
Unallocated		431			25
Total allowance for originated and other loans and lease losses		59,300			112,626
Acquired loans:
Acquired BBVAPR loans:
Accounted for under ASC 310-20 (Loans with revolving feature and/or
acquired at a premium)
Commercial		169			26
Consumer		3,028			3,429
Auto		1,103			2,087
		4,300			5,542
Accounted for under ASC 310-30 (Loans acquired with deteriorated
credit quality, including those by analogy)
Mortgage		2,682			1,762
Commercial		23,452			21,161
Auto		4,922			2,862
		31,056			25,785
Total allowance for acquired BBVAPR loans and lease losses		35,356			31,327
Acquired Eurobank loans:
Loans secured by 1-4 family residential properties		11,947			22,570
Commercial and other construction		9,328			67,365
Consumer		6			243
Total allowance for acquired Eurobank loan and lease losses		21,281			90,178
Total allowance for loan and lease losses	$	115,937		$	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:

	Year Ended December 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 year	$	18,352		$	64,791		$	11,197		$	18,261		$	25		$	112,626
Charge-offs		(6,767)			(62,445)			(11,554)			(31,731)			-			(112,497)
Recoveries		330			460			452			12,871			-			14,113
Provision for originated and other loans and lease losses		5,429			6,189			12,972			20,062			406			45,058
Balance at end of year	$	17,344		$	8,995		$	13,067		$	19,463		$	431		$	59,300

	Year Ended December 31, 2015
	Mortgage			Commercial			Consumer			Auto and Leasing			Unallocated			Total
	(In thousands)
Allowance for loan and lease losses for originated and other loans:
Balance at beginning of year	$	19,679		$	8,432		$	9,072		$	14,255		$	1		$	51,439
Charge-offs		(5,397)			(5,546)			(8,683)			(33,375)			-			(53,001)
Recoveries		391			432			871			13,158			-			14,852
Provision for originated and other loans and lease losses		3,679			61,473			9,937			24,223			24			99,336
Balance at end of year	$	18,352		$	64,791		$	11,197		$	18,261		$	25		$	112,626
	Year Ended December 31, 2014
	Mortgage			Commercial			Consumer			Auto and Leasing			Unallocated			Total
	(In thousands)
Allowance for loan and lease losses for originated and other loans:
Balance at beginning of year	$	19,937		$	14,897		$	6,006		$	7,866		$	375		$	49,081
Charge-offs		(5,011)			(2,424)			(5,782)			(26,041)			-			(39,258)
Recoveries		428			333			570			8,858			-			10,189
Provision (recapture) for originated and other loans and lease losses		4,325			(4,374)			8,278			23,572			(374)			31,427
Balance at end of year	$	19,679		$	8,432		$	9,072		$	14,255		$	1		$	51,439

	December 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	$	7,761		$	1,626		$	-		$	-		$	-		$	9,387
Collectively evaluated for impairment		9,583			7,369			13,067			19,463			431			49,913
Total ending allowance balance	$	17,344		$	8,995		$	13,067		$	19,463		$	431		$	59,300
Loans:
Individually evaluated for impairment	$	91,650		$	53,139		$	-		$	-		$	-		$	144,789
Collectively evaluated for impairment		629,844			1,224,727			290,515			756,395			-			2,901,481
Total ending loan balance	$	721,494		$	1,277,866		$	290,515		$	756,395		$	-		$	3,046,270

	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

	Year Ended December 31, 2016
	Commercial			Consumer			Auto				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		(42)			(3,619)			(2,155)				(5,816)
Recoveries		73			301			1,945				2,319
Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20		112			2,917			(774)				2,255
Balance at end of year	$	169		$	3,028		$	1,103			$	4,300

	Year Ended December 31, 2015
	Commercial			Consumer			Auto			Total
	(In thousands)
Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20:
Balance at beginning of year	$	65		$	1,211		$	3,321		$	4,597
Charge-offs		(42)			(4,755)			(4,548)			(9,345)
Recoveries		31			680			2,110			2,821
Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20		(28)			6,293			1,204			7,469
Balance at end of year	$	26		$	3,429		$	2,087		$	5,542
	Year Ended December 31, 2014
	Commercial			Consumer			Auto			Total
	(In thousands)
Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20:
Balance at beginning of year	$	926		$	-		$	1,428		$	2,354
Charge-offs		(532)			(6,902)			(6,011)			(13,445)
Recoveries		73			531			2,169			2,773
Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20		(402)			7,582			5,735			12,915
Balance at end of year	$	65		$	1,211		$	3,321		$	4,597

	December 31, 2016
	Commercial			Consumer			Auto			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:
Individually evaluated for impairment	$	141		$	-		$	-		$	141
Collectively evaluated for impairment		28			3,028			1,103			4,159
Total ending allowance balance	$	169		$	3,028		$	1,103		$	4,300
Loans:
Individually evaluated for impairment	$	1,150		$	-		$	-		$	1,150
Collectively evaluated for impairment		4,412			32,862			53,026			90,300
Total ending loan balance	$	5,562		$	32,862		$	53,026		$	91,450

	December 31, 2015
	Commercial			Consumer			Auto			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:

	Year Ended December 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 year	$	1,762		$	21,161		$	-		$	2,862		$	25,785
Provision for BBVAPR loans and lease losses accounted for under ASC 310-30		1,105			11,710			-			2,693			15,508
Loan pools fully charged-off		(14)			(66)			-			(202)			(282)
Allowance de-recognition		(171)			(9,353)			-			(431)			(9,955)
Balance at end of year	$	2,682		$	23,452		$	-		$	4,922		$	31,056
	Year Ended December 31, 2015
	Mortgage			Commercial			Consumer			Auto			Total
	(In thousands)
Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-30:
Balance at beginning of year	$	5		$	13,476		$	-		$	-		$	13,481
Provision (recapture) for BBVAPR loans and lease losses accounted for under ASC 310-30		1,757			12,037			-			2,862			16,656
Loan pools fully charged-off		-			(4,352)			-			-			(4,352)
Balance at end of year	$	1,762		$	21,161		$	-		$	2,862		$	25,785
	Year Ended December 31, 2014
	Mortgage			Commercial			Consumer			Auto			Total
	(In thousands)
Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-30:
Balance at beginning of year	$	5			1,713			413			732			2,863
Provision for BBVAPR loans and lease losses accounted for under ASC 310-30		-			11,763			(413)			(732)			10,618
Loan pools fully charged-off		-			-			-			-			-
Balance at end of year	$	5		$	13,476		$	-		$	-		$	13,481

The changes in the allowance for loan and lease losses on acquired Eurobank loans for the years ended December 31, 2016, 2015 and 2014 were as follows:

	Year Ended December 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 year	$	22,570		$	67,365		$	243		$	-		$	90,178
Provision for (recapture) covered loan and lease losses, net		1,080		$	1,183			(8)			-			2,255
Loan pools fully charged-off		-			(134)			-			-			(134)
Allowance de-recognition from new policy		(15,094)			(59,086)			(229)			-			(74,409)
FDIC shared-loss portion of provision for covered loan and lease losses, net		3,391			-			-			-			3,391
Balance at end of year	$	11,947		$	9,328		$	6		$	-		$	21,281

	Year Ended December 31, 2015
	Loans secured by 1-4 Family Residential Properties			Commercial and Construction			Consumer			Leasing			Total
	(In thousands)
Allowance for loan and lease losses for acquired Eurobank loans:
Balance at beginning of year	$	5,469		$	58,511		$	265		$	-		$	64,245
Provision for covered loan and lease losses, net		17,718			20,043			279			-			38,040
Loan pools fully charged-off		(722)			(13,587)			(301)			-			(14,610)
FDIC shared-loss portion of provision for covered loan and lease losses, net		105			2,398			-			-			2,503
Balance at end of year	$	22,570		$	67,365		$	243		$	-		$	90,178
	Year Ended December 31, 2014
	Mortgage			Commercial and Construction			Consumer			Leasing			Total
	(In thousands)
Allowance for loan and lease losses for Eurobank loans:
Balance at beginning of year	$	2,441		$	49,797		$	491		$	-		$	52,729
Provision for (recapture) covered loan and lease losses, net		2,144			3,717			(181)			-			5,680
FDIC shared-loss portion of provision for covered loan and lease losses, net		884			4,997			(45)			-			5,836
Balance at end of year	$	5,469		$	58,511		$	265		$	-		$	64,245

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- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953423-111524

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- References

No definition available.

+ Details

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