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Allowance for Loan and Lease Losses (Tables) | 9 Months Ended
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Sep. 30, 2017
Allowance for loan and lease losses [Abstract] |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | The composition of Oriental’s allowance for loan and lease losses at September 30, 2017 and December 31, 2016 was as follows:
| September 30, |  | December 31,
| 2017 |  | 2016
| (In thousands)
Allowance for loans and lease losses: |  |  |  |  |
Originated and other loans and leases held for investment: |  |  |  |  |
Mortgage | $ | 22,308 |  | $ | 17,344
Commercial |  | 24,278 |  |  | 8,995
Consumer |  | 15,793 |  |  | 13,067
Auto and leasing |  | 25,162 |  |  | 19,463
Unallocated |  | - |  |  | 431
Total allowance for originated and other loans and lease losses |  | 87,541 |  |  | 59,300
Acquired BBVAPR loans: |  |  |  |  |
Accounted for under ASC 310-20 (Loans with revolving feature and/or |  |  |  |  |
acquired at a premium) |  |  |  |  |
Commercial |  | 41 |  |  | 169
Consumer |  | 2,591 |  |  | 3,028
Auto |  | 731 |  |  | 1,103
|  | 3,363 |  |  | 4,300
Accounted for under ASC 310-30 (Loans acquired with deteriorated |  |  |  |  |
credit quality, including those by analogy) |  |  |  |  |
Mortgage |  | 8,931 |  |  | 2,682
Commercial |  | 23,941 |  |  | 23,452
Auto |  | 7,238 |  |  | 4,922
|  | 40,110 |  |  | 31,056
Total allowance for acquired BBVAPR loans and lease losses |  | 43,473 |  |  | 35,356
Acquired Eurobank loans: |  |  |  |  |
Loans secured by 1-4 family residential properties |  | 14,219 |  |  | 11,947
Commercial |  | 8,922 |  |  | 9,328
Consumer |  | 5 |  |  | 6
Total allowance for acquired Eurobank loan and lease losses |  | 23,146 |  |  | 21,281
Total allowance for loan and lease losses | $ | 154,160 |  | $ | 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 September 30, 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 | $ | 18,664 |  | $ | 17,279 |  | $ | 14,981 |  | $ | 18,742 |  | $ | - |  | $ | 69,666
Charge-offs |  | (834) |  |  | (727) |  |  | (4,424) |  |  | (9,387) |  |  | - |  |  | (15,372)
Recoveries |  | 341 |  |  | 654 |  |  | 168 |  |  | 2,394 |  |  | - |  |  | 3,557
Provision for originated and other loans and lease losses |  | 4,137 |  |  | 7,072 |  |  | 5,068 |  |  | 13,413 |  |  | - |  |  | 29,690
Balance at end of period | $ | 22,308 |  | $ | 24,278 |  | $ | 15,793 |  | $ | 25,162 |  | $ | - |  | $ | 87,541
| Nine-Month Period Ended September 30, 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 |  | (5,375) |  |  | (6,424) |  |  | (11,792) |  |  | (24,726) |  |  | - |  |  | (48,317)
Recoveries |  | 458 |  |  | 880 |  |  | 1,113 |  |  | 9,864 |  |  | - |  |  | 12,315
Provision for originated and other loans and lease losses |  | 9,881 |  |  | 20,827 |  |  | 13,405 |  |  | 20,561 |  |  | (431) |  |  | 64,243
Balance at end of period | $ | 22,308 |  | $ | 24,278 |  | $ | 15,793 |  | $ | 25,162 |  | $ | - |  | $ | 87,541
| September 30, 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 | $ | 9,524 |  | $ | 5,223 |  | $ | - |  | $ | - |  | $ | - |  | $ | 14,747
Collectively evaluated for impairment |  | 12,784 |  |  | 19,055 |  |  | 15,793 |  |  | 25,162 |  |  | - |  |  | 72,794
Total ending allowance balance | $ | 22,308 |  | $ | 24,278 |  | $ | 15,793 |  | $ | 25,162 |  | $ | - |  | $ | 87,541
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 86,511 |  | $ | 67,039 |  | $ | - |  | $ | - |  | $ | - |  | $ | 153,550
Collectively evaluated for impairment |  | 607,965 |  |  | 1,178,672 |  |  | 316,357 |  |  | 831,437 |  |  | - |  |  | 2,934,431
Total ending loan balance | $ | 694,476 |  | $ | 1,245,711 |  | $ | 316,357 |  | $ | 831,437 |  | $ | - |  | $ | 3,087,981
| Quarter Ended September 30, 2016
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for originated and other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 18,537 |  | $ | 63,144 |  | $ | 11,771 |  | $ | 19,259 |  | $ | 101 |  | $ | 112,812
Charge-offs |  | (1,656) |  |  | (56,700) |  |  | (3,173) |  |  | (7,804) |  |  | - |  |  | (69,333)
Recoveries |  | 21 |  |  | 93 |  |  | 120 |  |  | 3,747 |  |  | - |  |  | 3,981
Provision (recapture) for originated and other loan and lease losses |  | 1,625 |  |  | 5,770 |  |  | 3,571 |  |  | 3,800 |  |  | (58) |  |  | 14,708
Balance at end of period | $ | 18,527 |  | $ | 12,307 |  | $ | 12,289 |  | $ | 19,002 |  | $ | 43 |  | $ | 62,168
| Nine-Month Period Ended September 30, 2016
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for originated and other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 18,352 |  | $ | 64,791 |  | $ | 11,197 |  | $ | 18,261 |  | $ | 25 |  | $ | 112,626
Charge-offs |  | (4,692) |  |  | (58,544) |  |  | (8,310) |  |  | (24,267) |  |  | - |  |  | (95,813)
Recoveries |  | 204 |  |  | 407 |  |  | 355 |  |  | 9,969 |  |  | - |  |  | 10,935
Provision (recapture) for originated and other loan and lease losses |  | 4,663 |  |  | 5,653 |  |  | 9,047 |  |  | 15,039 |  |  | 18 |  |  | 34,420
Balance at end of period | $ | 18,527 |  | $ | 12,307 |  | $ | 12,289 |  | $ | 19,002 |  | $ | 43 |  | $ | 62,168
| 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 loan portfolio accounted for under ASC 310-20, for the periods indicated
| Quarter Ended September 30, 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 | $ | 41 |  | $ | 2,623 |  | $ | 684 |  |  | $ | 3,348
Charge-offs |  | - |  |  | (711) |  |  | (222) |  |  |  | (933)
Recoveries |  | 1 |  |  | 33 |  |  | 202 |  |  |  | 236
Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20 |  | (1) |  |  | 646 |  |  | 67 |  |  |  | 712
Balance at end of period | $ | 41 |  | $ | 2,591 |  | $ | 731 |  |  | $ | 3,363
| Nine-Month Period Ended September 30, 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 year | $ | 169 |  | $ | 3,028 |  | $ | 1,103 |  | $ | 4,300
Charge-offs |  | (132) |  |  | (2,367) |  |  | (705) |  |  | (3,204)
Recoveries |  | 6 |  |  | 392 |  |  | 1,251 |  |  | 1,649
Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20 |  | (2) |  |  | 1,538 |  |  | (918) |  |  | 618
Balance at end of year | $ | 41 |  | $ | 2,591 |  | $ | 731 |  | $ | 3,363
| September 30, 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 | $ | 12 |  | $ | - |  | $ | - |  | $ | 12
Collectively evaluated for impairment |  | 29 |  |  | 2,591 |  |  | 731 |  |  | 3,351
Total ending allowance balance | $ | 41 |  | $ | 2,591 |  | $ | 731 |  | $ | 3,363
Loans: |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 748 |  | $ | - |  | $ | - |  | $ | 748
Collectively evaluated for impairment |  | 3,864 |  |  | 29,464 |  |  | 26,562 |  |  | 59,890
Total ending loan balance | $ | 4,612 |  | $ | 29,464 |  | $ | 26,562 |  | $ | 60,638
| Quarter Ended September 30, 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 | $ | 21 |  | $ | 3,002 |  | $ | 1,464 |  | $ | 4,487
Charge-offs |  | (2) |  |  | (889) |  |  | (475) |  |  | (1,366)
Recoveries |  | 16 |  |  | 67 |  |  | 461 |  |  | 544
Provision (recapture) for acquired loan and lease losses accounted for under ASC 310-20 |  | (17) |  |  | 766 |  |  | (201) |  |  | 548
Balance at end of period | $ | 18 |  | $ | 2,946 |  | $ | 1,249 |  | $ | 4,213
| Nine-Month Period Ended September 30, 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 |  | (21) |  |  | (2,714) |  |  | (1,783) |  |  | (4,518)
Recoveries |  | 56 |  |  | 236 |  |  | 1,505 |  |  | 1,797
Provision (recapture) for acquired loan and lease losses accounted for under ASC 310-20 |  | (43) |  |  | 1,995 |  |  | (560) |  |  | 1,392
Balance at end of period | $ | 18 |  | $ | 2,946 |  | $ | 1,249 |  | $ | 4,213
| 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 September 30, 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 | $ | 4,141 |  | $ | 25,614 |  | $ | 7,739 |  | $ | 37,494
Provision for BBVAPR loans and lease losses accounted for under ASC 310-30 |  | 4,790 |  |  | 6,810 |  |  | - 501 |  |  | 11,099
Allowance de-recognition |  | - |  |  | (8,483) |  |  | - |  |  | (8,483)
Balance at end of period | $ | 8,931 |  | $ | 23,941 |  | $ | 7,238 |  | $ | 40,110
| Nine-Month Period Ended September 30, 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 (recapture) for BBVAPR loans and lease losses accounted for under ASC 310-30 |  | 6,345 |  |  | 9,768 |  |  | 2,685 |  |  | 18,798
Allowance de-recognition |  | (96) |  |  | (9,279) |  |  | (369) |  |  | (9,744)
Balance at end of period | $ | 8,931 |  | $ | 23,941 |  | $ | 7,238 |  | $ | 40,110
| Quarter Ended September 30, 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 | $ | 1,585 |  | $ | 15,863 |  | $ | 5,353 |  | $ | 22,801
Provision (recapture) for acquired BBVAPR loans and lease losses accounted for under ASC 310-30 |  | 1,079 |  |  | 6,324 |  |  | - |  |  | 7,403
Allowance de-recognition |  | - |  |  | (189) |  |  | (196) |  |  | (385)
Balance at end of period | $ | 2,664 |  | $ | 21,998 |  | $ | 5,157 |  | $ | 29,819
| Nine-Month Period Ended September 30, 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 for acquired BBVAPR loans and lease losses accounted for under ASC 310-30 |  | 1,000 |  |  | 9,552 |  |  | 2,693 |  |  | 13,245
Loan pools fully charged-off |  | (14) |  |  | (66) |  |  | (202) |  |  | (282)
Allowance de-recogntion |  | - |  |  | (8,733) |  |  | (196) |  |  | (8,929)
Balance at end of period | $ | 2,664 |  | $ | 21,998 |  | $ | 5,157 |  | $ | 29,819
The changes in the allowance for loan and lease losses on acquired Eurobank loans for the quarters and nine-month periods ended September 30, 2017 and 2016 were as follows:
| Quarter Ended September 30, 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 | $ | 13,651 |  | $ | 8,131 |  | $ | 5 |  | $ | 21,787
Provision for (recapture) acquired Eurobank loans and lease losses, net |  | 1,139 |  |  | 1,402 |  |  | - |  |  | 2,541
Allowance de-recognition |  | (571) |  |  | (611) |  |  | - |  |  | (1,182)
Balance at end of period | $ | 14,219 |  | $ | 8,922 |  | $ | 5 |  | $ | 23,146
| Nine-Month Period Ended September 30, 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 (recapture) acquired Eurobank loans and lease losses, net |  | 4,011 |  | $ | 562 |  |  | - |  |  | 4,573
Allowance de-recognition |  | (1,739) |  |  | (968) |  |  | (1) |  |  | (2,708)
Balance at end of period | $ | 14,219 |  | $ | 8,922 |  | $ | 5 |  | $ | 23,146
| Quarter Ended September 30, 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 | $ | 11,016 |  | $ | 11,096 |  | $ | 4 |  | $ | 22,116
Provision for (recapture) acquired Eurobank loan and lease losses, net |  | 893 |  |  | (74) |  |  | - |  |  | 819
Loan pools fully charged-off |  | 818 |  |  | - |  |  | - |  |  | 818
Allowance de-recognition |  | (459) |  |  | (478) |  |  | (4) |  |  | (941)
Balance at end of period | $ | 12,268 |  | $ | 10,544 |  | $ | - |  | $ | 22,812
| Nine-Month Period Ended September 30, 2016
| Loans secured by 1-4 Family Residential Properties |  | Commercial |  | Consumer |  | Total
| (In thousands)
Allowance for loan and lease losses for Eurobank loans: |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 22,570 |  | $ | 67,365 |  | $ | 243 |  | $ | 90,178
Provision for (recapture) acquired Eurobank loan and lease losses, net |  | 1,077 |  |  | 1,585 |  |  | (7) |  |  | 2,655
FDIC shared-loss portion of provision for covered loan and lease losses, net |  | 3,213 |  |  | - |  |  | - |  |  | 3,213
Loan pools fully charged-off |  | - |  |  | (134) |  |  | - |  |  | (134)
Allowance de-recognition |  | (14,592) |  |  | (58,272) |  |  | (236) |  |  | (73,100)
Balance at end of period | $ | 12,268 |  | $ | 10,544 |  | $ | - |  | $ | 22,812

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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=66008989&loc=SL6953423-111524 + Details
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