XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Allowance for Loan and Lease Losses (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2017
Loans Receivable [Abstract] |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | The composition of the Company’s allowance for loan and lease losses at March 31, 2017 and December 31, 2016 was as follows:
| March 31, |  | December 31,
| 2017 |  | 2016
| (In thousands)
Allowance for loans and lease losses: |  |  |  |  |
Originated and other loans and leases held for investment: |  |  |  |  |
Mortgage | $ | 18,578 |  | $ | 17,344
Commercial |  | 9,888 |  |  | 8,995
Consumer |  | 13,394 |  |  | 13,067
Auto and leasing |  | 18,621 |  |  | 19,463
Unallocated |  | 2 |  |  | 431
Total allowance for originated and other loans and lease losses |  | 60,483 |  |  | 59,300
Acquired BBVAPR loans: |  |  |  |  |
Accounted for under ASC 310-20 (Loans with revolving feature and/or |  |  |  |  |
acquired at a premium) |  |  |  |  |
Commercial |  | 183 |  |  | 169
Consumer |  | 2,591 |  |  | 3,028
Auto |  | 841 |  |  | 1,103
|  | 3,615 |  |  | 4,300
Accounted for under ASC 310-30 (Loans acquired with deteriorated |  |  |  |  |
credit quality, including those by analogy) |  |  |  |  |
Mortgage |  | 3,573 |  |  | 2,682
Commercial |  | 23,528 |  |  | 23,452
Auto |  | 7,829 |  |  | 4,922
|  | 34,930 |  |  | 31,056
Total allowance for acquired BBVAPR loans and lease losses |  | 38,545 |  |  | 35,356
Acquired Eurobank loans: |  |  |  |  |
Loans secured by 1-4 family residential properties |  | 14,168 |  |  | 11,947
Commercial |  | 7,833 |  |  | 9,328
Consumer |  | 5 |  |  | 6
Total allowance for acquired Eurobank loan and lease losses |  | 22,006 |  |  | 21,281
Total allowance for loan and lease losses | $ | 121,034 |  | $ | 115,937
Allowance for Originated and Other Loan and Lease Losses Held for Investment The following tables presents the activity in our allowance for loan and lease losses and the related recorded investment of the originated and other loans held for investment portfolio by segment for the periods indicated:
| Quarter Ended March 31, 2017
| 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 | $ | 17,344 |  | $ | 8,995 |  | $ | 13,067 |  | $ | 19,463 |  | $ | 431 |  | $ | 59,300
Charge-offs |  | (2,379) |  |  | (856) |  |  | (3,358) |  |  | (7,563) |  |  | - |  |  | (14,156)
Recoveries |  | 56 |  |  | 89 |  |  | 165 |  |  | 3,294 |  |  | - |  |  | 3,604
Provision for originated and other loans and lease losses |  | 3,557 |  |  | 1,660 |  |  | 3,520 |  |  | 3,427 |  |  | (429) |  |  | 11,735
Balance at end of period | $ | 18,578 |  | $ | 9,888 |  | $ | 13,394 |  | $ | 18,621 |  | $ | 2 |  | $ | 60,483
| Quarter Ended March 31, 2016
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for originated and other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 18,352 |  | $ | 64,791 |  | $ | 11,197 |  | $ | 18,261 |  | $ | 25 |  | $ | 112,626
Charge-offs |  | (1,662) |  |  | (1,011) |  |  | (2,327) |  |  | (8,362) |  |  | - |  |  | (13,362)
Recoveries |  | 145 |  |  | 88 |  |  | 102 |  |  | 2,979 |  |  | - |  |  | 3,314
Provision for originated and other loans and lease losses |  | 1,949 |  |  | 338 |  |  | 2,442 |  |  | 5,838 |  |  | 93 |  |  | 10,660
Balance at end of period | $ | 18,784 |  | $ | 64,206 |  | $ | 11,414 |  | $ | 18,716 |  | $ | 118 |  | $ | 113,238
| March 31, 2017
| 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 | $ | 8,156 |  | $ | 1,475 |  | $ | - |  | $ | - |  | $ | - |  | $ | 9,631
Collectively evaluated for impairment |  | 10,422 |  |  | 8,413 |  |  | 13,394 |  |  | 18,621 |  |  | 2 |  |  | 50,852
Total ending allowance balance | $ | 18,578 |  | $ | 9,888 |  | $ | 13,394 |  | $ | 18,621 |  | $ | 2 |  | $ | 60,483
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 88,820 |  | $ | 58,707 |  | $ | - |  | $ | - |  | $ | - |  | $ | 147,527
Collectively evaluated for impairment |  | 621,043 |  |  | 1,195,005 |  |  | 300,412 |  |  | 786,606 |  |  | - |  |  | 2,903,066
Total ending loan balance | $ | 709,863 |  | $ | 1,253,712 |  | $ | 300,412 |  | $ | 786,606 |  | $ | - |  | $ | 3,050,593
| 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
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 l oan portfolio accounted for under ASC 310-2 0, for the periods indicated
| Quarter Ended March 31, 2017
| 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 period | $ | 169 |  | $ | 3,028 |  | $ | 1,103 |  |  | $ | 4,300
Charge-offs |  | (6) |  |  | (885) |  |  | (278) |  |  |  | (1,169)
Recoveries |  | 1 |  |  | 64 |  |  | 452 |  |  |  | 517
Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20 |  | 19 |  |  | 384 |  |  | (436) |  |  |  | -33
Balance at end of period | $ | 183 |  | $ | 2,591 |  | $ | 841 |  |  | $ | 3,615
| March 31, 2017
| 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 | $ | 149 |  | $ | - |  | $ | - |  | $ | 149
Collectively evaluated for impairment |  | 34 |  |  | 2,591 |  |  | 841 |  |  | 3,466
Total ending allowance balance | $ | 183 |  | $ | 2,591 |  | $ | 841 |  | $ | 3,615
Loans: |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 911 |  | $ | - |  | $ | - |  | $ | 911
Collectively evaluated for impairment |  | 4,525 |  |  | 31,001 |  |  | 42,523 |  |  | 78,049
Total ending loan balance | $ | 5,436 |  | $ | 31,001 |  | $ | 42,523 |  | $ | 78,960
| Quarter Ended March 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 period | $ | 26 |  | $ | 3,429 |  | $ | 2,087 |  | $ | 5,542
Charge-offs |  | (7) |  |  | (812) |  |  | (737) |  |  | (1,556)
Recoveries |  | 32 |  |  | 81 |  |  | 598 |  |  | 711
Provision (recapture) for acquired loan and lease losses accounted for under ASC 310-20 |  | (28) |  |  | 545 |  |  | (221) |  |  | 296
Balance at end of period | $ | 23 |  | $ | 3,243 |  | $ | 1,727 |  | $ | 4,993
| 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
The following tables present the activity in our allowance for loan losses and related recorded investment of the acquired BBVAPR loan portfolio accounted for under ASC 310-30 for the periods indicated:
| Quarter Ended March 31, 2017
| Mortgage |  | Commercial |  | 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 | $ | 2,682 |  | $ | 23,452 |  | $ | 4,922 |  | $ | 31,056
Provision for BBVAPR loans and lease losses accounted for under ASC 310-30 |  | 923 |  |  | 223 |  |  | 3,186 |  |  | 4,332
Allowance de-recognition |  | (32) |  |  | (147) |  |  | (279) |  |  | (458)
Balance at end of period | $ | 3,573 |  | $ | 23,528 |  | $ | 7,829 |  | $ | 34,930
| Quarter Ended March 31, 2016
| Mortgage |  | Commercial |  | Auto |  | Total
| (In thousands)
Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-30: |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 1,678 |  | $ | 21,245 |  | $ | 2,862 |  | $ | 25,785
Provision (recapture) for BBVAPR loans and lease losses accounted for under ASC 310-30 |  | 84 |  |  | (749) |  |  | 2,693 |  |  | 2,028
Loan pools fully charged-off |  | - |  |  | (66) |  |  | - |  |  | (66)
Balance at end of period | $ | 1,762 |  | $ | 20,430 |  | $ | 5,555 |  | $ | 27,747
The changes in the allowance for loan and lease losses on acquired Eurobank loans for the quarters ended March 31, 2017 and 2016 were as follows:
| Quarter Ended March 31, 2017
| Loans Secured by 1-4 Family Residential Properties |  | Commercial |  | Consumer |  | Total
| (In thousands)
Allowance for loan and lease losses for acquired Eurobank loans: |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 11,947 |  | $ | 9,328 |  | $ | 6 |  | $ | 21,281
Provision for acquired Eurobank loans and lease losses, net |  | 2,398 |  |  | (778) |  |  | - |  |  | 1,620
Allowance de-recognition from new policy |  | (177) |  |  | (717) |  |  | (1) |  |  | (895)
Balance at end of period | $ | 14,168 |  | $ | 7,833 |  | $ | 5 |  | $ | 22,006
| Quarter Ended March 31, 2016
| Loans secured by 1-4 Family Residential Properties |  | Commercial |  | Consumer |  | 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 for covered loan and lease losses, net |  | (53) |  |  | 858 |  |  | - |  |  | 805
Loan pools fully charged-off |  | - |  |  | (134) |  |  | - |  |  | (134)
FDIC shared-loss portion of provision for covered loan and lease losses, net |  | 1,444 |  |  | - |  |  | - |  |  | 1,444
Balance at end of period | $ | 23,961 |  | $ | 68,089 |  | $ | 243 |  | $ | 92,293

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 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration