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Investments Securities (Tables)

3 Months Ended

Mar. 31, 2018

Investments [Abstract]

Investment Table Text Block

	March 31, 2018
				Gross			Gross						Weighted
	Amortized			Unrealized			Unrealized			Fair			Average
	Cost			Gains			Losses			Value			Yield
	(In thousands)
Available-for-sale
Mortgage-backed securities
FNMA and FHLMC certificates	$	538,900		$	328		$	9,133		$	530,095		2.51%
GNMA certificates		182,055			317			2,870			179,502		2.97%
CMOs issued by US government-sponsored agencies		78,104			-			2,729			75,375		1.90%
Total mortgage-backed securities		799,059			645			14,732			784,972		2.56%
Investment securities
US Treasury securities		10,280			-			156			10,124		1.28%
Obligations of US government-sponsored agencies		2,773			-			72			2,701		1.38%
Obligations of Puerto Rico government and public instrumentalities		2,455			-			43			2,412		5.55%
Other debt securities		1,403			29			-			1,432		2.98%
Total investment securities		16,911			29			271			16,669		2.06%
Total securities available for sale	$	815,970		$	674		$	15,003		$	801,641		2.55%
Held-to-maturity
Mortgage-backed securities
FNMA and FHLMC certificates	$	485,143		$	-		$	17,163		$	467,980		2.07%

	December 31, 2017
				Gross			Gross						Weighted
	Amortized			Unrealized			Unrealized			Fair			Average
	Cost			Gains			Losses			Value			Yield
	(In thousands)
Available-for-sale
Mortgage-backed securities
FNMA and FHLMC certificates	$	383,194		$	1,402		$	2,881		$	381,715		2.39%
GNMA certificates		166,436			1,486			584			167,338		2.94%
CMOs issued by US government-sponsored agencies		82,026			-			1,955			80,071		1.90%
Total mortgage-backed securities		631,656			2,888			5,420			629,124		2.47%
Investment securities
US Treasury securities		10,276			-			113			10,163		1.25%
Obligations of US government-sponsored agencies		2,927			-			48			2,879		1.38%
Obligations of Puerto Rico government and public instrumentalities		2,455			-			362			2,093		5.55%
Other debt securities		1,486			52			-			1,538		2.97%
Total investment securities		17,144			52			523			16,673		2.04%
Total securities available-for-sale	$	648,800		$	2,940		$	5,943		$	645,797		2.46%
Held-to-maturity
Mortgage-backed securities
FNMA and FHLMC certificates	$	506,064		$	-		$	8,383		$	497,681		2.07%

	March 31, 2018
	Available-for-sale						Held-to-maturity
	Amortized Cost			Fair Value			Amortized Cost			Fair Value
	(In thousands)
Mortgage-backed securities
Due from 1 to 5 years
FNMA and FHLMC certificates	$	5,651		$	5,598		$	-		$	-
Total due from 1 to 5 years		5,651			5,598			-			-
Due after 5 to 10 years
CMOs issued by US government-sponsored agencies	$	69,086		$	66,513		$	-		$	-
FNMA and FHLMC certificates		216,028			212,418			-			-
Total due after 5 to 10 years		285,114			278,931			-			-
Due after 10 years
FNMA and FHLMC certificates	$	317,221		$	312,079		$	485,143		$	467,980
GNMA certificates		182,055			179,502			-			-
CMOs issued by US government-sponsored agencies		9,018			8,862			-			-
Total due after 10 years		508,294			500,443			485,143			467,980
Total mortgage-backed securities		799,059			784,972			485,143			467,980
Investment securities
Due less than one year
US Treasury securities	$	322		$	322		$	-		$	-
Obligations of Puerto Rico government and public instrumentalities		2,455			2,412			-			-
Total due in less than one year		2,777			2,734			-			-
Due from 1 to 5 years
US Treasury securities	$	9,958		$	9,802		$	-		$	-
Obligations of US government and sponsored agencies		2,773			2,701			-			-
Total due from 1 to 5 years		12,731			12,503			-			-
Due from 5 to 10 years
Other debt securities		1,403			1,432			-			-
Total due after 5 to 10 years		1,403			1,432			-			-
Total investment securities		16,911			16,669			-			-
Total	$	815,970		$	801,641		$	485,143		$	467,980

Unrealized Gain Loss On Investments Table Text Block

	March 31, 2018
	12 months or more
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
CMOs issued by US Government-sponsored agencies	$	69,921		$	2,594		$	67,327
FNMA and FHLMC certificates		106,196			3,804			102,392
Obligations of US Government and sponsored agencies		2,773			72			2,701
Obligations of Puerto Rico government and public instrumentalities		2,455			43			2,412
GNMA certificates		20,678			906			19,772
US Treasury Securities		9,958			156			9,802
	$	211,981		$	7,575		$	204,406
Securities held to maturity
FNMA and FHLMC certificates	$	338,260		$	13,311		$	324,949
	Less than 12 months
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
CMOs issued by US government-sponsored agencies	$	8,183		$	135		$	8,048
FNMA and FHLMC certificates		367,587			5,329			362,258
GNMA certificates		131,685			1,964			129,721
US Treausury Securities		322			-			322
	$	507,777		$	7,428		$	500,349
Securities held-to-maturity
FNMA and FHLMC Certificates	$	146,883		$	3,852		$	143,031
	Total
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
CMOs issued by US government-sponsored agencies	$	78,104		$	2,729		$	75,375
FNMA and FHLMC certificates		473,783			9,133			464,650
Obligations of Puerto Rico government and public instrumentalities		2,455			43			2,412
Obligations of US government and sponsored agencies		2,773			72			2,701
GNMA certificates		152,363			2,870			149,493
US Treausury Securities		10,280			156			10,124
	$	719,758		$	15,003		$	704,755
Securities held-to-maturity
FNMA and FHLMC certificates	$	485,143		$	17,163		$	467,980

	December 31, 2017
	12 months or more
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
CMOs issued by US Government-sponsored agencies	$	72,562		$	1,857		$	70,705
FNMA and FHLMC certificates		111,635			2,122			109,513
Obligations of US Government and sponsored agencies		2,927			48			2,879
Obligations of Puerto Rico government and public instrumentalities		2,455			362			2,093
GNMA certificates		20,803			499			20,304
US Treasury Securities		9,952			113			9,839
	$	220,334		$	5,001		$	215,333
Securities available-for-sale
FNMA and FHLMC certificates	$	352,399			7,264			345,135
	Less than 12 months
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
CMOs issued by US Government-sponsored agencies		9,464			98			9,366
FNMA and FHLMC certificates		125,107			759			124,348
GNMA certificates		14,001			85			13,916
US Treausury Securities		324			-			324
	$	148,896		$	942		$	147,954
Securities held to maturity
FNMA and FHLMC certificates	$	153,665		$	1,119		$	152,546
	Total
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
CMOs issued by US Government-sponsored agencies		82,026			1,955			80,071
FNMA and FHLMC certificates		236,742			2,881			233,861
Obligations of Puerto Rico government and public instrumentalities		2,455			362			2,093
Obligations of US government and sponsored agencies		2,927			48			2,879
GNMA certificates		34,804			584			34,220
US Treausury Securities		10,276			113			10,163
	$	369,230		$	5,943		$	363,287
Securities held to maturity
FNMA and FHLMC certificates	$	506,064		$	8,383		$	497,681

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- Definition

A table of investments, shown as a text block.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 6
-Section 10
-Paragraph (c)
-Subparagraph (1)

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Tabular disclosure of unrealized gains and losses on investments.

+ References

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