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Loans Receivable | 6 Months Ended
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Jun. 30, 2017
Loans Receivable [Abstract] |
LOANS RECEIVABLE | NOTE 4 - 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, which were terminated on February 6, 2017. The composition of the Company’s loan portfolio at June 30, 2017 and December 31, 2016 was as follows:
| June 30, |  | December 31,
| 2017 |  | 2016
| (In thousands)
Originated and other loans and leases held for investment: |  |  |  |  |
Mortgage | $ | 699,290 |  | $ | 721,494
Commercial |  | 1,270,844 |  |  | 1,277,866
Consumer |  | 314,267 |  |  | 290,515
Auto and leasing |  | 807,204 |  |  | 756,395
|  | 3,091,605 |  |  | 3,046,270
Allowance for loan and lease losses on originated and other loans and leases |  | (69,666) |  |  | (59,300)
|  | 3,021,939 |  |  | 2,986,970
Deferred loan costs, net |  | 6,574 |  |  | 5,766
Total originated and other loans loans held for investment, net |  | 3,028,513 |  |  | 2,992,736
Acquired loans: |  |  |  |  |
Acquired BBVAPR loans: |  |  |  |  |
Accounted for under ASC 310-20 (Loans with revolving feature and/or |  |  |  |  |
acquired at a premium) |  |  |  |  |
Commercial |  | 5,350 |  |  | 5,562
Consumer |  | 30,233 |  |  | 32,862
Auto |  | 33,661 |  |  | 53,026
|  | 69,244 |  |  | 91,450
Allowance for loan and lease losses on acquired BBVAPR loans accounted for under ASC 310-20 |  | (3,348) |  |  | (4,300)
|  | 65,896 |  |  | 87,150
Accounted for under ASC 310-30 (Loans acquired with deteriorated |  |  |  |  |
credit quality, including those by analogy) |  |  |  |  |
Mortgage |  | 544,325 |  |  | 569,253
Commercial |  | 266,002 |  |  | 292,564
Consumer |  | 2,163 |  |  | 4,301
Auto |  | 58,078 |  |  | 85,676
|  | 870,568 |  |  | 951,794
Allowance for loan and lease losses on acquired BBVAPR loans accounted for under ASC 310-30 |  | (37,494) |  |  | (31,056)
|  | 833,074 |  |  | 920,738
Total acquired BBVAPR loans, net |  | 898,970 |  |  | 1,007,888
Acquired Eurobank loans: |  |  |  |  |
Loans secured by 1-4 family residential properties |  | 70,329 |  |  | 73,018
Commercial |  | 66,894 |  |  | 81,460
Consumer |  | 1,256 |  |  | 1,372
Total acquired Eurobank loans |  | 138,479 |  |  | 155,850
Allowance for loan and lease losses on Eurobank loans |  | (21,787) |  |  | (21,281)
Total acquired Eurobank loans, net |  | 116,692 |  |  | 134,569
Total acquired loans, net |  | 1,015,662 |  |  | 1,142,457
Total held for investment, net |  | 4,044,175 |  |  | 4,135,193
Mortgage loans held-for-sale |  | 14,044 |  |  | 12,499
Other loans held for sale |  | 33,647 |  |  | -
Total loans, net | $ | 4,091,866 |  | $ | 4,147,692
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 a t June 30, 2017 and December 31, 2016, by class of loans. Mortgage loans past due include delinquent loans in the GNMA buy-back option program. Servicers of loans underlying 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.
| June 30, 2017
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 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 | $ | 193 |  | $ | 1,406 |  | $ | 2,930 |  | $ | 4,529 |  | $ | - |  | $ | 43,252 |  | $ | 47,781 |  | $ | 168
Years 2003 and 2004 |  | 333 |  |  | 3,162 |  |  | 6,319 |  |  | 9,814 |  |  | 299 |  |  | 76,028 |  |  | 86,141 |  |  | -
Year 2005 |  | 106 |  |  | 2,247 |  |  | 3,500 |  |  | 5,853 |  |  | 284 |  |  | 39,796 |  |  | 45,933 |  |  | -
Year 2006 |  | 262 |  |  | 1,641 |  |  | 5,882 |  |  | 7,785 |  |  | 185 |  |  | 56,871 |  |  | 64,841 |  |  | -
Years 2007, 2008 and 2009 |  | 435 |  |  | 1,693 |  |  | 8,653 |  |  | 10,781 |  |  | 38 |  |  | 60,375 |  |  | 71,194 |  |  | 335
Years 2010, 2011, 2012, 2013 |  | 324 |  |  | 1,506 |  |  | 6,845 |  |  | 8,675 |  |  | - |  |  | 124,191 |  |  | 132,866 |  |  | 164
Years 2014, 2015, 2016 and 2017 |  | - |  |  | 184 |  |  | 1,380 |  |  | 1,564 |  |  | - |  |  | 115,824 |  |  | 117,388 |  |  | -
|  | 1,653 |  |  | 11,839 |  |  | 35,509 |  |  | 49,001 |  |  | 806 |  |  | 516,337 |  |  | 566,144 |  |  | 667
Non-traditional |  | - |  |  | 161 |  |  | 4,303 |  |  | 4,464 |  |  | - |  |  | 16,011 |  |  | 20,475 |  |  | -
Loss mitigation program |  | 11,348 |  |  | 7,291 |  |  | 13,806 |  |  | 32,445 |  |  | 2,921 |  |  | 67,744 |  |  | 103,110 |  |  | 1,217
|  | 13,001 |  |  | 19,291 |  |  | 53,618 |  |  | 85,910 |  |  | 3,727 |  |  | 600,092 |  |  | 689,729 |  |  | 1,884
Home equity secured personal loans |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 332 |  |  | 332 |  |  | -
GNMA's buy-back option program |  | - |  |  | - |  |  | 9,229 |  |  | 9,229 |  |  | - |  |  | - |  |  | 9,229 |  |  | -
|  | 13,001 |  |  | 19,291 |  |  | 62,847 |  |  | 95,139 |  |  | 3,727 |  |  | 600,424 |  |  | 699,290 |  |  | 1,884
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 226,979 |  |  | 226,979 |  |  | -
Institutional |  | - |  |  | - |  |  | 254 |  |  | 254 |  |  | - |  |  | 46,806 |  |  | 47,060 |  |  | -
Middle market |  | - |  |  | - |  |  | 3,601 |  |  | 3,601 |  |  | 634 |  |  | 224,571 |  |  | 228,806 |  |  | -
Retail |  | 1,350 |  |  | 1,242 |  |  | 8,301 |  |  | 10,893 |  |  | 4,496 |  |  | 230,863 |  |  | 246,252 |  |  | -
Floor plan |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 2,916 |  |  | 2,916 |  |  | -
Real estate |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 15,783 |  |  | 15,783 |  |  | -
|  | 1,350 |  |  | 1,242 |  |  | 12,156 |  |  | 14,748 |  |  | 5,130 |  |  | 747,918 |  |  | 767,796 |  |  | -
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 161,839 |  |  | 161,839 |  |  | -
Institutional |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 128,479 |  |  | 128,479 |  |  | -
Middle market |  | 881 |  |  | - |  |  | - |  |  | 881 |  |  | 1,227 |  |  | 84,158 |  |  | 86,266 |  |  | -
Retail |  | 327 |  |  | 848 |  |  | 1,300 |  |  | 2,475 |  |  | 695 |  |  | 85,673 |  |  | 88,843 |  |  | -
Floor plan |  | - |  |  | - |  |  | 53 |  |  | 53 |  |  | - |  |  | 37,568 |  |  | 37,621 |  |  | -
|  | 1,208 |  |  | 848 |  |  | 1,353 |  |  | 3,409 |  |  | 1,922 |  |  | 497,717 |  |  | 503,048 |  |  | -
|  | 2,558 |  |  | 2,090 |  |  | 13,509 |  |  | 18,157 |  |  | 7,052 |  |  | 1,245,635 |  |  | 1,270,844 |  |  | -
| June 30, 2017
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 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 | $ | 442 |  | $ | 288 |  | $ | 636 |  | $ | 1,366 |  | $ | - |  | $ | 26,308 |  | $ | 27,674 |  | $ | -
Overdrafts |  | 29 |  |  | 13 |  |  | 20 |  |  | 62 |  |  | - |  |  | 167 |  |  | 229 |  |  | -
Personal lines of credit |  | 59 |  |  | - |  |  | 29 |  |  | 88 |  |  | - |  |  | 2,188 |  |  | 2,276 |  |  | -
Personal loans |  | 2,693 |  |  | 1,752 |  |  | 1,096 |  |  | 5,541 |  |  | 699 |  |  | 262,728 |  |  | 268,968 |  |  | -
Cash collateral personal loans |  | 216 |  |  | 3 |  |  | - |  |  | 219 |  |  | - |  |  | 14,901 |  |  | 15,120 |  |  | -
|  | 3,439 |  |  | 2,056 |  |  | 1,781 |  |  | 7,276 |  |  | 699 |  |  | 306,292 |  |  | 314,267 |  |  | -
Auto and leasing |  | 45,914 |  |  | 20,458 |  |  | 8,205 |  |  | 74,577 |  |  | 90 |  |  | 732,537 |  |  | 807,204 |  |  | -
Total | $ | 64,912 |  | $ | 43,895 |  | $ | 86,342 |  | $ | 195,149 |  | $ | 11,568 |  | $ | 2,884,888 |  | $ | 3,091,605 |  | $ | 1,884
| 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
At June 30, 2017 and December 31, 2016, the Company had carrying balance of $13 2.2 million and $136.6 million, respectively, in originated 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 are general obligations of municipalities secured by ad valorem taxation, without limitation a s to rate or amount, on all taxable 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. On June 30, 2017, the Company was opportunistic and entered into an agreement to sell a performing originated municipal loan, which was due in July 2018, for $28.8 million. The sale reduced near-term risk associated with a likely refinancing. The loan was moved to other loans held-for-sale at June 30, 2017 with a balance of $33.7 million, and included a principal payment of $4.8 million received by the Company in July 1, 2017. The sale tran saction settled in July 5, 2017. In addition, on July 1, 2017, the Company received $3.7 million principal payments from the remaining municipal loans. 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 ca rds, 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 under the guidance of ASC 310-20, which requires that any contractually required loan payment rec eivable 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 status 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 loan category at the end of the reportin g 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 June 30, 2017 and December 31, 2016, by class of lo ans:
| June 30, 2017
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 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 | $ | 28 |  | $ | - |  | $ | 98 |  | $ | 126 |  | $ | - |  | $ | - |  | $ | 126 |  | $ | -
Floor plan |  | - |  |  | - |  |  | 959 |  |  | 959 |  |  | - |  |  | 1,148 |  |  | 2,107 |  |  | -
|  | 28 |  |  | - |  |  | 1,057 |  |  | 1,085 |  |  | - |  |  | 1,148 |  |  | 2,233 |  |  | -
Other commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 50 |  |  | 32 |  |  | 45 |  |  | 127 |  |  | - |  |  | 2,988 |  |  | 3,115 |  |  | -
Floor plan |  | - |  |  | - |  |  | 2 |  |  | 2 |  |  | - |  |  | - |  |  | 2 |  |  | -
|  | 50 |  |  | 32 |  |  | 47 |  |  | 129 |  |  | - |  |  | 2,988 |  |  | 3,117 |  |  | -
|  | 78 |  |  | 32 |  |  | 1,104 |  |  | 1,214 |  |  | - |  |  | 4,136 |  |  | 5,350 |  |  | -
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 676 |  |  | 203 |  |  | 489 |  |  | 1,368 |  |  | - |  |  | 26,206 |  |  | 27,574 |  |  | -
Personal loans |  | 133 |  |  | 10 |  |  | 47 |  |  | 190 |  |  | - |  |  | 2,469 |  |  | 2,659 |  |  | -
|  | 809 |  |  | 213 |  |  | 536 |  |  | 1,558 |  |  | - |  |  | 28,675 |  |  | 30,233 |  |  | -
Auto |  | 2,435 |  |  | 1,231 |  |  | 325 |  |  | 3,991 |  |  | - |  |  | 29,670 |  |  | 33,661 |  |  | -
Total | $ | 3,322 |  | $ | 1,476 |  | $ | 1,965 |  | $ | 6,763 |  | $ | - |  | $ | 62,481 |  | $ | 69,244 |  | $ | -
| 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 |  | $ | -
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 June 30, 2017 and December 31, 2016 is as follows:
| June 30, |  | December 31,
|  | 2017 |  |  | 2016
|  | (In thousands)
Contractual required payments receivable: | $ | 1,569,855 |  | $ | 1,669,602
Less: Non-accretable discount |  | 366,762 |  |  | 363,107
Cash expected to be collected |  | 1,203,093 |  |  | 1,306,495
Less: Accretable yield |  | 332,525 |  |  | 354,701
Carrying amount, gross |  | 870,568 |  |  | 951,794
Less: allowance for loan and lease losses |  | 37,494 |  |  | 31,056
Carrying amount, net | $ | 833,074 |  | $ | 920,738
At June 30, 2017 and December 31, 2016, the Company had $66.6 million and $66.2 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. These loans are primarily secured municipal general obligations and a $10.6 million participation in a loan to the Puerto Rico Housing Finance Authority ("PRHFA") legally required to be repaid from abandoned or unclaimed funds at financial institutions that revert to the government under a Puerto Rico escheat law. Such loan defaulted on an annual principal payment in the third quarter of 2016. On July 1, 2017, the Company received $5.2 million principal payments from acquired BBVAPR loans to municipalities. The following tables describe the accretable yield and non-accretable discount activity of acquired BBVAPR loans accounted for under ASC 310-30 for the quarters and six-month periods ended June 30, 2017, and 2016
| Quarter Ended June 30, 2017
| Mortgage |  | Commercial |  | Auto |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 276,817 |  | $ | 46,902 |  | $ | 6,583 |  | $ | 3,058 |  | $ | 333,360
Accretion |  | (7,694) |  |  | (4,513) |  |  | (1,776) |  |  | (556) |  |  | (14,539)
Change in expected cash flows |  | 1 |  |  | 15,993 |  |  | 98 |  |  | 50 |  |  | 16,142
Transfer (to) from non-accretable discount |  | 1,024 |  |  | (2,344) |  |  | (52) |  |  | (1,066) |  |  | (2,438)
Balance at end of period | $ | 270,148 |  | $ | 56,038 |  | $ | 4,853 |  | $ | 1,486 |  | $ | 332,525
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 309,993 |  | $ | 14,803 |  | $ | 22,564 |  | $ | 18,159 |  | $ | 365,519
Change in actual and expected losses |  | (2,465) |  |  | (280) |  |  | 1,344 |  |  | 206 |  |  | (1,195)
Transfer from (to) accretable yield |  | (1,024) |  |  | 2,344 |  |  | 52 |  |  | 1,066 |  |  | 2,438
Balance at end of period | $ | 306,504 |  | $ | 16,867 |  | $ | 23,960 |  | $ | 19,431 |  | $ | 366,762
| Six-Month Period Ended June 30, 2017
| Mortgage |  | Commercial |  | Auto |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 292,115 |  | $ | 50,366 |  | $ | 8,538 |  | $ | 3,682 |  | $ | 354,701
Accretion |  | (15,584) |  |  | (9,494) |  |  | (3,923) |  |  | (1,158) |  |  | (30,159)
Change in expected cash flows |  | 2 |  |  | 16,191 |  |  | 150 |  |  | 86 |  |  | 16,429
Transfer (to) from non-accretable discount |  | (6,385) |  |  | (1,025) |  |  | 88 |  |  | (1,124) |  |  | (8,446)
Balance at end of period | $ | 270,148 |  | $ | 56,038 |  | $ | 4,853 |  | $ | 1,486 |  | $ | 332,525
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 305,615 |  | $ | 16,965 |  | $ | 22,407 |  | $ | 18,120 |  | $ | 363,107
Change in actual and expected losses |  | (5,496) |  |  | (1,123) |  |  | 1,641 |  |  | 187 |  |  | (4,791)
Transfer from (to) accretable yield |  | 6,385 |  |  | 1,025 |  |  | (88) |  |  | 1,124 |  |  | 8,446
Balance at end of period | $ | 306,504 |  | $ | 16,867 |  | $ | 23,960 |  | $ | 19,431 |  | $ | 366,762
| Quarter Ended June 30, 2016
| Mortgage |  | Commercial |  | Auto |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 260,557 |  | $ | 57,258 |  | $ | 17,587 |  | $ | 5,261 |  | $ | 340,663
Accretion |  | (8,294) |  |  | (6,579) |  |  | (3,616) |  |  | (870) |  |  | (19,359)
Change in actual and expected losses |  | - |  |  | 2,654 |  |  | 630 |  |  | (1) |  |  | 3,283
Transfer from (to) non-accretable discount |  | 31,560 |  |  | (1,026) |  |  | (498) |  |  | 495 |  |  | 30,531
Balance at end of period | $ | 283,823 |  | $ | 52,307 |  | $ | 14,103 |  | $ | 4,885 |  | $ | 355,118
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 370,155 |  | $ | 18,148 |  | $ | 21,938 |  | $ | 18,735 |  | $ | 428,976
Change in actual and expected losses |  | (2,442) |  |  | (1,173) |  |  | (315) |  |  | (15) |  |  | (3,945)
Transfer (to) from accretable yield |  | (31,560) |  |  | 1,026 |  |  | 498 |  |  | (495) |  |  | (30,531)
Balance at end of period | $ | 336,153 |  | $ | 18,001 |  | $ | 22,121 |  | $ | 18,225 |  | $ | 394,500
| Six-Month Period Ended June 30, 2016
| Mortgage |  | Commercial |  | Auto |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 268,794 |  | $ | 65,026 |  | $ | 21,578 |  | $ | 6,290 |  | $ | 361,688
Accretion |  | (16,601) |  |  | (14,287) |  |  | (7,827) |  |  | (1,808) |  |  | (40,523)
Change in actual and expected losses |  | - |  |  | 2,982 |  |  | 631 |  |  | (1) |  |  | 3,612
Transfer (to) from non-accretable discount |  | 31,630 |  |  | (1,414) |  |  | (279) |  |  | 404 |  |  | 30,341
Balance at end of period | $ | 283,823 |  | $ | 52,307 |  | $ | 14,103 |  | $ | 4,885 |  | $ | 355,118
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 374,772 |  | $ | 18,545 |  | $ | 22,039 |  | $ | 18,834 |  | $ | 434,190
Change in actual and expected losses |  | (6,989) |  |  | (1,958) |  |  | (197) |  |  | (205) |  |  | (9,349)
Transfer from (to) accretable yield |  | (31,630) |  |  | 1,414 |  |  | 279 |  |  | (404) |  |  | (30,341)
Balance at end of period | $ | 336,153 |  | $ | 18,001 |  | $ | 22,121 |  | $ | 18,225 |  | $ | 394,500
Acquired Eurobank Loans The carrying amount of acquired Eurobank loans at June 30, 2017 and December 31, 2016 is as follows:
| June 30 |  | December 31
| 2017 |  | 2016
| (In thousands)
Contractual required payments receivable: | $ | 201,564 |  | $ | 232,698
Less: Non-accretable discount |  | 9,010 |  |  | 12,340
Cash expected to be collected |  | 192,554 |  |  | 220,358
Less: Accretable yield |  | 54,075 |  |  | 64,508
Carrying amount, gross |  | 138,479 |  |  | 155,850
Less: Allowance for loan and lease losses |  | 21,787 |  |  | 21,281
Carrying amount, net | $ | 116,692 |  | $ | 134,569
The following tables describe the accretable yield and non-accretable discount activity of acquired Eurobank loans for the quarters and six-month period s ended June 30, 2017, and 2016:
| Quarter Ended June 30, 2017
| Loans Secured by 1-4 Family Residential Properties |  | Commercial |  | Construction & Development Secured by 1-4 Family Residential Properties |  | Leasing |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 44,697 |  |  | 12,743 |  |  | 1,871 |  |  | - |  |  | - |  |  | 59,311
Accretion |  | (1,923) |  |  | (4,061) |  |  | (5) |  |  | (11) |  |  | (37) |  |  | (6,037)
Change in expected cash flows |  | 19 |  |  | 543 |  |  | 6 |  |  | (22) |  |  | 74 |  |  | 620
Transfer from (to) non-accretable discount |  | 219 |  |  | (68) |  |  | 34 |  |  | 33 |  |  | (37) |  |  | 181
Balance at end of period | $ | 43,012 |  | $ | 9,157 |  | $ | 1,906 |  | $ | - |  | $ | - |  | $ | 54,075
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 7,426 |  |  | 2,471 |  |  | 333 |  |  | - |  |  | 6 |  |  | 10,236
Change in actual and expected losses |  | (520) |  |  | (529) |  |  | - |  |  | 33 |  |  | (29) |  |  | (1,045)
Transfer from (to) accretable yield |  | (219) |  |  | 68 |  |  | (34) |  |  | (33) |  |  | 37 |  |  | (181)
Balance at end of period | $ | 6,687 |  | $ | 2,010 |  | $ | 299 |  | $ | - |  | $ | 14 |  | $ | 9,010
| Six-Month Period Ended June 30, 2017
| Loans Secured by 1-4 Family Residential Properties |  | Commercial |  | Construction & Development Secured by 1-4 Family Residential Properties |  | Leasing |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 45,839 |  | $ | 16,475 |  | $ | 2,194 |  | $ | - |  | $ | - |  | $ | 64,508
Accretion |  | (3,827) |  |  | (8,571) |  |  | (43) |  |  | (11) |  |  | (195) |  |  | (12,647)
Change in expected cash flows |  | 100 |  |  | 1,321 |  |  | 43 |  |  | (165) |  |  | 384 |  |  | 1,683
Transfer from (to) non-accretable discount |  | 900 |  |  | (68) |  |  | (288) |  |  | 176 |  |  | (189) |  |  | 531
Balance at end of period | $ | 43,012 |  | $ | 9,157 |  | $ | 1,906 |  | $ | - |  | $ | - |  | $ | 54,075
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 8,441 |  | $ | 3,880 |  | $ | 11 |  | $ | - |  | $ | 8 |  | $ | 12,340
Change in actual and expected losses |  | (854) |  |  | (1,938) |  |  | - |  |  | 176 |  |  | (183) |  |  | (2,799)
Transfer from (to) accretable yield |  | (900) |  |  | 68 |  |  | 288 |  |  | (176) |  |  | 189 |  |  | (531)
Balance at end of period | $ | 6,687 |  | $ | 2,010 |  | $ | 299 |  | $ | - |  | $ | 14 |  | $ | 9,010
| Quarter Ended June 30, 2016
| Loans Secured by 1-4 Family Residential Properties |  | Commercial |  | Construction & Development Secured by 1-4 Family Residential Properties |  | Leasing |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 50,787 |  | $ | 33,203 |  | $ | 2,237 |  |  | - |  | $ | - |  | $ | 86,227
Accretion |  | (2,263) |  |  | (4,528) |  |  | (33) |  |  | 2 |  |  | (76) |  |  | (6,898)
Change in actual and expected losses |  | (198) |  |  | 1,619 |  |  | - |  |  | (77) |  |  | 81 |  |  | 1,425
Transfer from (to) non-accretable discount |  | 10 |  |  | (1,152) |  |  | - |  |  | 75 |  |  | (5) |  |  | (1,072)
Balance at end of period | $ | 48,336 |  | $ | 29,142 |  | $ | 2,204 |  | $ | - |  | $ | - |  | $ | 79,682
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 12,703 |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 12,703
Change in actual and expected losses |  | (1,138) |  |  | (1,152) |  |  | - |  |  | 75 |  |  | (5) |  |  | (2,220)
Transfer (to) from accretable yield |  | (10) |  |  | 1,152 |  |  | - |  |  | (75) |  |  | 5 |  |  | 1,072
Balance at end of period | $ | 11,555 |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 11,555
| Six-Month Period Ended June 30, 2016
| Loans Secured by 1-4 Family Residential Properties |  | Commercial |  | Construction & Development Secured by 1-4 Family Residential Properties |  | Leasing |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 51,954 |  | $ | 26,970 |  | $ | 2,255 |  | $ | - |  | $ | 3,213 |  | $ | 84,392
Accretion |  | (4,529) |  |  | (8,623) |  |  | (47) |  |  | 2 |  |  | (1,261) |  |  | (14,458)
Change in expected cash flows |  | 786 |  |  | 12,712 |  |  | (23) |  |  | (77) |  |  | (1,947) |  |  | 11,451
Transfer from (to) non-accretable discount |  | 125 |  |  | (1,917) |  |  | 19 |  |  | 75 |  |  | (5) |  |  | (1,703)
Balance at end of period | $ | 48,336 |  | $ | 29,142 |  | $ | 2,204 |  | $ | - |  | $ | - |  | $ | 79,682
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 12,869 |  | $ | - |  | $ | - |  | $ | - |  | $ | 8,287 |  | $ | 21,156
Change in actual and expected cash flows |  | (1,189) |  |  | (1,917) |  |  | 19 |  |  | 75 |  |  | (8,292) |  |  | (11,304)
Transfer (to) from accretable yield |  | (125) |  |  | 1,917 |  |  | (19) |  |  | (75) |  |  | 5 |  |  | 1,703
Balance at end of period | $ | 11,555 |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 11,555
Non-accrual Loans The following table presents the recorded investment in loans in non-accrual status by class of loans as of June 30, 2017 and December 31, 2016:
| June 30, |  | December 31,
| 2017 |  | 2016
| (In thousands)
Originated and other loans and leases held for investment |  |  |  |  |
Mortgage |  |  |  |  |
Traditional (by origination year): |  |  |  |  |
Up to the year 2002 | $ | 2,824 |  | $ | 3,336
Years 2003 and 2004 |  | 6,809 |  |  | 7,668
Year 2005 |  | 3,890 |  |  | 4,487
Year 2006 |  | 6,067 |  |  | 6,746
Years 2007, 2008 and 2009 |  | 8,633 |  |  | 11,526
Years 2010, 2011, 2012, 2013 |  | 6,680 |  |  | 10,089
Years 2014, 2015, 2016 and 2017 |  | 1,380 |  |  | 1,404
|  | 36,283 |  |  | 45,256
Non-traditional |  | 4,303 |  |  | 4,730
Loss mitigation program |  | 18,082 |  |  | 20,744
|  | 58,668 |  |  | 70,730
Commercial |  |  |  |  |
Commercial secured by real estate |  |  |  |  |
Institutional |  | 254 |  |  | -
Middle market |  | 4,236 |  |  | 4,682
Retail |  | 14,239 |  |  | 11,561
|  | 18,729 |  |  | 16,243
Other commercial and industrial |  |  |  |  |
Middle market |  | 2,108 |  |  | 1,278
Retail |  | 2,629 |  |  | 1,950
Floor plan |  | 53 |  |  | 61
|  | 4,790 |  |  | 3,289
|  | 23,519 |  |  | 19,532
Consumer |  |  |  |  |
Credit cards |  | 636 |  |  | 525
Overdrafts |  | 20 |  |  | -
Personal lines of credit |  | 29 |  |  | 32
Personal loans |  | 1,999 |  |  | 1,420
Cash collateral personal loans |  | 3 |  |  | 4
|  | 2,687 |  |  | 1,981
Auto and leasing |  | 8,295 |  |  | 9,052
Total non-accrual originated loans | $ | 93,169 |  | $ | 101,295
| June 30, |  | December 31,
| 2017 |  | 2016
| (In thousands)
Acquired BBVAPR loans accounted for under ASC 310-20 |  |  |  |  |
Commercial |  |  |  |  |
Commercial secured by real estate |  |  |  |  |
Retail | $ | 127 |  | $ | 143
Floor plan |  | 959 |  |  | 1,149
|  | 1,086 |  |  | 1,292
Other commercial and industrial |  |  |  |  |
Retail |  | 45 |  |  | 121
Floor plan |  | 2 |  |  | 2
|  | 47 |  |  | 123
|  | 1,133 |  |  | 1,415
Consumer |  |  |  |  |
Credit cards |  | 489 |  |  | 708
Personal loans |  | 47 |  |  | 120
|  | 536 |  |  | 828
Auto |  | 325 |  |  | 552
Total non-accrual acquired BBVAPR loans accounted for under ASC 310-20 |  | 1,994 |  |  | 2,795
Total non-accrual loans | $ | 95,163 |  | $ | 104,090
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 June 30, 2017 and December 31, 2016, loans whose terms have been extended and which are classified as troubled-debt restructurings that are not included in non-accrual loans amounted to $98.7 million and $98.1 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 that were individually evaluated for impairment was $5 8.1 million and $54.3 million at June 30, 2017 and December 31, 2016, respectively. The impairments on these commercial loans were measured based on the fair value of collateral or the present value of cash flows, including those identified as troubled-de bt restructurings. The allowance for loan and lease losses for these impaired commercial loans amounted to $1.9 million and $1.8 million at June 30, 2017 and December 31, 2016, respectively. The total investment in impaired mortgage loans that were in dividually evaluated for impairment was $87.0 million and $91.6 million at June 30, 2017 and December 31, 2016, 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 these impaired mortgage loans amounted to $8.6 million and $7.8 million at June 30, 2017 and December 31, 2016, 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 June 30, 2017 and December 31, 2016 are as follows:
| June 30, 2017 |  |
| Unpaid |  | Recorded |  | Related |  |  |  |
| Principal |  | Investment |  | Allowance |  | Coverage |  |
| (In thousands) |  |
Impaired loans with specific allowance: |  |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 21,475 |  | $ | 19,486 |  | $ | 1,940 |  | 10% |  |
Residential impaired and troubled-debt restructuring |  | 95,821 |  |  | 87,042 |  |  | 8,630 |  | 10% |  |
Impaired loans with no specific allowance: |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 44,367 |  |  | 37,842 |  |  | N/A |  | 0% |  |
Total investment in impaired loans | $ | 161,663 |  | $ | 144,370 |  | $ | 10,570 |  | 7% |  |
| 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% |  |
Acquired BBVAPR 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 June 30, 2017 and December 31, 2016 are as follows:
| June 30, 2017
| Unpaid |  | Recorded |  | Related |  |
| Principal |  | Investment |  | Allowance |  | Coverage
| (In thousands)
Impaired loans with specific allowance |  |  |  |  |  |  |  |  |  |
Commercial | $ | - |  | $ | - |  | $ | - |  | 0%
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |
Commercial | $ | 926 |  | $ | 761 |  |  | N/A |  | 0%
Total investment in impaired loans | $ | 926 |  | $ | 761 |  | $ | - |  | 0%
| December 31, 2016
| Unpaid |  | Recorded |  | Specific |  |
| 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%
Acquired BBVAPR 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 June 30, 2017 and December 31, 2016 are as follows:
| June 30, 2017
|  |  |  |  |  |  |  |  |  | Coverage
| Unpaid |  | Recorded |  |  |  | to Recorded
| Principal |  | Investment |  | Allowance |  | Investment
| (In thousands)
Impaired loan pools with specific allowance: |  |  |  |  |  |  |  |  |  |
Mortgage | $ | 567,845 |  | $ | 544,326 |  | $ | 4,141 |  | 1%
Commercial |  | 224,838 |  |  | 217,495 |  |  | 25,614 |  | 12%
Auto |  | 58,132 |  |  | 58,078 |  |  | 7,739 |  | 13%
Total investment in impaired loan pools | $ | 850,815 |  | $ | 819,899 |  | $ | 37,494 |  | 5%
| 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 |  | 199,092 |  |  | 195,528 |  |  | 23,452 |  | 12%
Auto |  | 92,797 |  |  | 85,676 |  |  | 4,922 |  | 6%
Total investment in impaired loan pools | $ | 887,646 |  | $ | 850,454 |  | $ | 31,056 |  | 4%
The tables above only present information with respect to acquired BBVAPR loan pools accounted for under ASC 310-30 if there is a recorded impairment to such loan pools and a specific 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 June 30, 2017 and December 31, 2016 are as follows:
| June 30, 2017
|  |  |  |  |  |  |  |  |  | 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 | $ | 83,293 |  | $ | 70,329 |  | $ | 13,651 |  | 19%
Commercial |  | 56,193 |  |  | 53,389 |  |  | 8,131 |  | 15%
Consumer |  | 14 |  |  | 1,256 |  |  | 5 |  | 0%
Total investment in impaired loan pools | $ | 139,500 |  | $ | 124,974 |  | $ | 21,787 |  | 17%
| December 31, 2016
|  |  |  |  |  |  |  |  |  | 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 | $ | 88,017 |  | $ | 73,018 |  | $ | 11,947 |  | 16%
Commercial |  | 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%
The tables above only present information with respect to acquired Eurobank loan pools accounted for under ASC 310-30 if there is a recorded impairment to such 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, which excludes loans accounted for under ASC 310-30, for the quarters and six-month periods ended June 30, 2017 and 2016:
| Quarter Ended June 30,
| 2017 |  | 2016
| 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 | $ | 193 |  | $ | 14,908 |  | $ | 75 |  | $ | 194,759
Residential troubled-debt restructuring |  | 723 |  |  | 87,615 |  |  | 791 |  |  | 91,007
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 383 |  |  | 44,528 |  |  | 149 |  |  | 29,579
|  | 1,299 |  |  | 147,051 |  |  | 1,015 |  |  | 315,345
Acquired loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |
Impaired loans with specific allowance |  |  |  |  |  |  |  |  |  |  |
Commercial |  | - |  |  | - |  |  | - |  |  | -
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |  |
Commercial |  | - |  |  | 763 |  |  | 15 |  |  | 789
Total interest income from impaired loans | $ | 1,299 |  | $ | 147,814 |  | $ | 1,030 |  | $ | 316,134
| Six-Month Period Ended June 30,
| 2017 |  |  | 2016
| 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 | $ | 385 |  | $ | 13,859 |  | $ | 150 |  | $ | 195,777
Residential troubled-debt restructuring |  | 1,427 |  |  | 88,579 |  |  | 1,591 |  |  | 90,650
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 766 |  |  | 44,211 |  |  | 298 |  |  | 31,603
Total interest income from impaired loans | $ | 2,578 |  | $ | 146,649 |  | $ | 2,039 |  | $ | 318,030
Acquired loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |
Impaired loans with specific allowance |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | - |  | $ | - |  | $ | - |  | $ | -
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |  |
Commercial |  | - |  |  | 840 |  |  | 30 |  |  | 628
Total interest income from impaired loans | $ | 2,578 |  | $ | 147,489 |  | $ | 2,069 |  | $ | 318,658
Modifications The following tables present the troubled-debt restructurings in all loan portfolios during the quarters and six-month periods ended June 30, 2017 and 2016.
| Quarter Ended June 30, 2017
| 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 | 27 |  | $ | 3,349 |  | 6.00% |  | 382 |  | $ | 3,313 |  | 4.21% |  | 367
Commercial | 9 |  |  | 2,155 |  | 5.96% |  | 55 |  |  | 2,155 |  | 5.12% |  | 68
Consumer | 37 |  |  | 477 |  | 12.83% |  | 65 |  |  | 477 |  | 10.87% |  | 68
Auto | 4 |  |  | 66 |  | 6.39% |  | 61 |  |  | 66 |  | 12.91% |  | 37
| Six-Month Period Ended June 30, 2017
| 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 | 59 |  | $ | 7,353 |  | 6.29% |  | 387 |  | $ | 7,328 |  | 4.26% |  | 378
Commercial | 18 |  |  | 3,373 |  | 6.44% |  | 55 |  |  | 3,374 |  | 5.41% |  | 67
Consumer | 62 |  |  | 869 |  | 11.98% |  | 65 |  |  | 907 |  | 10.62% |  | 70
Auto | 7 |  |  | 111 |  | 7.41% |  | 67 |  |  | 113 |  | 12.48% |  | 38
| Quarter Ended June 30, 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 | 19 |  | $ | 2,670 |  | 5.69% |  | 372 |  | $ | 2,670 |  | 4.54% |  | 494
Commercial | 6 |  |  | 668 |  | 6.65% |  | 65 |  |  | 668 |  | 5.91% |  | 86
Consumer | 26 |  |  | 364 |  | 12.73% |  | 75 |  |  | 372 |  | 10.20% |  | 70
| Six-Month Period Ended June 30, 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 | 52 |  | $ | 6,628 |  | 5.90% |  | 365 |  | $ | 7,525 |  | 4.73% |  | 493
Commercial | 8 |  |  | 1,323 |  | 6.73% |  | 53 |  |  | 1,324 |  | 6.31% |  | 61
Consumer | 47 |  |  | 556 |  | 13.27% |  | 75 |  |  | 603 |  | 10.56% |  | 71
The following table presents troubled-debt restructurings for which there was a payment default during the twelve month periods ended June 30, 2017 and 2016:
| Twelve Month Period Ended June 30,
| 2017 |  |  | 2016
| Number of Contracts |  | Recorded Investment |  |  | Number of Contracts |  | Recorded Investment
| (Dollars in thousands)
Mortgage | 22 |  | $ | 2,293 |  |  | 84 |  | $ | 9,869
Commercial | 5 |  | $ | 563 |  |  | - |  | $ | -
Consumer | 17 |  | $ | 156 |  |  | 7 |  | $ | 134
Auto | - |  | $ | - |  |  | 1 |  | $ | 17
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 substanda rd, 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 uncollectible 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 this worthl ess 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 June 30, 2017 and December 31, 2016, 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:
| June 30, 2017
| 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 | $ | 226,979 |  | $ | 210,369 |  | $ | 14,640 |  | $ | - |  | $ | - |  | $ | 1,970
Institutional |  | 47,060 |  |  | 34,882 |  |  | - |  |  | 10,675 |  |  | - |  |  | 1,503
Middle market |  | 228,806 |  |  | 189,754 |  |  | 9,624 |  |  | 3,640 |  |  | - |  |  | 25,788
Retail |  | 246,252 |  |  | 215,629 |  |  | 8,796 |  |  | 4,891 |  |  | - |  |  | 16,936
Floor plan |  | 2,916 |  |  | 2,916 |  |  | - |  |  | - |  |  | - |  |  | -
Real estate |  | 15,783 |  |  | 15,783 |  |  | - |  |  | - |  |  | - |  |  | -
|  | 767,796 |  |  | 669,333 |  |  | 33,060 |  |  | 19,206 |  |  | - |  |  | 46,197
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | 161,839 |  |  | 161,839 |  |  | - |  |  | - |  |  | - |  |  | -
Institutional |  | 128,479 |  |  | 128,479 |  |  | - |  |  | - |  |  | - |  |  | -
Middle market |  | 86,266 |  |  | 67,119 |  |  | 11,266 |  |  | 124 |  |  | - |  |  | 7,757
Retail |  | 88,843 |  |  | 83,331 |  |  | 837 |  |  | 1,301 |  |  | - |  |  | 3,374
Floor plan |  | 37,621 |  |  | 34,328 |  |  | 3,240 |  |  | 53 |  |  | - |  |  | -
|  | 503,048 |  |  | 475,096 |  |  | 15,343 |  |  | 1,478 |  |  | - |  |  | 11,131
Total |  | 1,270,844 |  |  | 1,144,429 |  |  | 48,403 |  |  | 20,684 |  |  | - |  |  | 57,328
Commercial - acquired loans (under ASC 310-20) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 126 |  |  | - |  |  | - |  |  | 126 |  |  | - |  |  | -
Floor plan |  | 2,107 |  |  | 850 |  |  | 298 |  |  | 198 |  |  | - |  |  | 761
|  | 2,233 |  |  | 850 |  |  | 298 |  |  | 324 |  |  | - |  |  | 761
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 3,115 |  |  | 3,109 |  |  | - |  |  | 6 |  |  | - |  |  | -
Floor plan |  | 2 |  |  | - |  |  | - |  |  | 2 |  |  | - |  |  | -
|  | 3,117 |  |  | 3,109 |  |  | - |  |  | 8 |  |  | - |  |  | -
Total |  | 5,350 |  |  | 3,959 |  |  | 298 |  |  | 332 |  |  | - |  |  | 761
Total | $ | 1,276,194 |  | $ | 1,148,388 |  | $ | 48,701 |  | $ | 21,016 |  | $ | - |  | $ | 58,089
| 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
For residential and consumer loan classes, the Company evaluates credit quality based on the delinquency status of the loan. As of June 30, 2017 and December 31, 2016, 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:
| June 30, 2017
| 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 | $ | 47,781 |  | $ | 42,873 |  | $ | - |  | $ | 1,346 |  | $ | 372 |  | $ | 585 |  | $ | 1,972 |  | $ | 633
Years 2003 and 2004 |  | 86,141 |  |  | 75,434 |  |  | - |  |  | 3,023 |  |  | 744 |  |  | 3,103 |  |  | 2,077 |  |  | 1,760
Year 2005 |  | 45,933 |  |  | 39,918 |  |  | - |  |  | 2,247 |  |  | 591 |  |  | 1,421 |  |  | 1,257 |  |  | 499
Year 2006 |  | 64,841 |  |  | 55,454 |  |  | - |  |  | 1,523 |  |  | 972 |  |  | 1,585 |  |  | 2,852 |  |  | 2,455
Years 2007, 2008 and 2009 |  | 71,194 |  |  | 59,629 |  |  | - |  |  | 1,447 |  |  | 524 |  |  | 1,462 |  |  | 5,325 |  |  | 2,807
Years 2010, 2011, 2012 2013 |  | 132,866 |  |  | 123,813 |  |  | 242 |  |  | 1,427 |  |  | 340 |  |  | 1,251 |  |  | 3,279 |  |  | 2,514
Years 2014, 2015, 2016 and 2017 |  | 117,388 |  |  | 115,824 |  |  | - |  |  | 184 |  |  | 122 |  |  | 432 |  |  | 665 |  |  | 161
|  | 566,144 |  |  | 512,945 |  |  | 242 |  |  | 11,197 |  |  | 3,665 |  |  | 9,839 |  |  | 17,427 |  |  | 10,829
Non-traditional |  | 20,475 |  |  | 16,009 |  |  | - |  |  | 161 |  |  | 29 |  |  | 895 |  |  | 3,381 |  |  | -
Loss mitigation program |  | 103,110 |  |  | 17,823 |  |  | 1,640 |  |  | 2,512 |  |  | 471 |  |  | 958 |  |  | 3,493 |  |  | 76,213
|  | 689,729 |  |  | 546,777 |  |  | 1,882 |  |  | 13,870 |  |  | 4,165 |  |  | 11,692 |  |  | 24,301 |  |  | 87,042
Home equity secured personal loans |  | 332 |  |  | 332 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
GNMA's buy-back option program |  | 9,229 |  |  | - |  |  | - |  |  | - |  |  | 1,383 |  |  | 3,776 |  |  | 4,070 |  |  | -
|  | 699,290 |  |  | 547,109 |  |  | 1,882 |  |  | 13,870 |  |  | 5,548 |  |  | 15,468 |  |  | 28,371 |  |  | 87,042
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 27,674 |  |  | 26,308 |  |  | 442 |  |  | 288 |  |  | 234 |  |  | 402 |  |  | - |  |  | -
Overdrafts |  | 229 |  |  | 167 |  |  | 29 |  |  | 13 |  |  | 5 |  |  | 13 |  |  | 2 |  |  | -
Unsecured personal lines of credit |  | 2,276 |  |  | 2,188 |  |  | 59 |  |  | - |  |  | - |  |  | 29 |  |  | - |  |  | -
Unsecured personal loans |  | 268,968 |  |  | 263,427 |  |  | 2,693 |  |  | 1,752 |  |  | 1,083 |  |  | 13 |  |  | - |  |  | -
Cash collateral personal loans |  | 15,120 |  |  | 14,901 |  |  | 216 |  |  | 3 |  |  | - |  |  | - |  |  | - |  |  | -
|  | 314,267 |  |  | 306,991 |  |  | 3,439 |  |  | 2,056 |  |  | 1,322 |  |  | 457 |  |  | 2 |  |  | -
Auto and Leasing |  | 807,204 |  |  | 732,627 |  |  | 45,914 |  |  | 20,458 |  |  | 6,181 |  |  | 2,006 |  |  | 18 |  |  | -
|  | 1,820,761 |  |  | 1,586,727 |  |  | 51,235 |  |  | 36,384 |  |  | 13,051 |  |  | 17,931 |  |  | 28,391 |  |  | 87,042
Acquired loans (accounted for under ASC 310-20) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 27,574 |  |  | 26,206 |  |  | 676 |  |  | 203 |  |  | 181 |  |  | 308 |  |  | - |  |  | -
Personal loans |  | 2,659 |  |  | 2,469 |  |  | 133 |  |  | 10 |  |  | 5 |  |  | 42 |  |  | - |  |  | -
|  | 30,233 |  |  | 28,675 |  |  | 809 |  |  | 213 |  |  | 186 |  |  | 350 |  |  | - |  |  | -
Auto |  | 33,661 |  |  | 29,670 |  |  | 2,435 |  |  | 1,231 |  |  | 260 |  |  | 65 |  |  | - |  |  | -
|  | 63,894 |  |  | 58,345 |  |  | 3,244 |  |  | 1,444 |  |  | 446 |  |  | 415 |  |  | - |  |  | -
Total | $ | 1,884,655 |  | $ | 1,645,072 |  | $ | 54,479 |  | $ | 37,828 |  | $ | 13,497 |  | $ | 18,346 |  | $ | 28,391 |  | $ | 87,042
| 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
Year 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 |  |  | - |  |  | - |  |  | - |  |  | 2,440 |  |  | 3,141 |  |  | 4,100 |  |  | -
|  | 721,494 |  |  | 554,573 |  |  | 2,529 |  |  | 15,348 |  |  | 8,953 |  |  | 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 |  |  | 1,524,827 |  |  | 48,541 |  |  | 36,170 |  |  | 16,479 |  |  | 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 |  | $ | 1,603,198 |  | $ | 52,977 |  | $ | 37,908 |  | $ | 17,142 |  | $ | 20,406 |  | $ | 31,011 |  | $ | 91,650

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