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Investments Securities (Tables)

6 Months Ended

Jun. 30, 2018

Investments [Abstract]

Investment Table Text Block

	June 30, 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	$	600,978		$	266		$	11,571		$	589,673		2.58%
GNMA certificates		198,301			459			3,902			194,858		3.03%
CMOs issued by US government-sponsored agencies		74,147			-			2,992			71,155		1.90%
Total mortgage-backed securities		873,426			725			18,465			855,686		2.62%
Investment securities
US Treasury securities		10,610			-			161			10,449		1.30%
Obligations of US government-sponsored agencies		2,622			-			81			2,541		1.38%
Obligations of Puerto Rico government and public instrumentalities		2,455			-			-			2,455		5.55%
Other debt securities		1,195			15			-			1,210		2.95%
Total investment securities		16,882			15			242			16,655		2.05%
Total securities available for sale	$	890,308		$	740		$	18,707		$	872,341		2.61%
Held-to-maturity
Mortgage-backed securities
FNMA and FHLMC certificates	$	465,427		$	-		$	17,480		$	447,947		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%

	June 30, 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	$	4,907		$	4,833		$	-		$	-
Total due from 1 to 5 years		4,907			4,833			-			-
Due after 5 to 10 years
CMOs issued by US government-sponsored agencies	$	65,480		$	62,680		$	-		$	-
FNMA and FHLMC certificates		227,886			223,185			-			-
Total due after 5 to 10 years		293,366			285,865			-			-
Due after 10 years
FNMA and FHLMC certificates	$	368,185		$	361,655		$	465,427		$	447,947
GNMA certificates		198,301			194,858			-			-
CMOs issued by US government-sponsored agencies		8,667			8,475			-			-
Total due after 10 years		575,153			564,988			465,427			447,947
Total mortgage-backed securities		873,426			855,686			465,427			447,947
Investment securities
Due less than one year
US Treasury securities	$	646		$	646		$	-		$	-
Obligations of Puerto Rico government and public instrumentalities		2,455			2,455			-			-
Total due in less than one year		3,101			3,101			-			-
Due from 1 to 5 years
US Treasury securities	$	9,964		$	9,803		$	-		$	-
Obligations of US government and sponsored agencies		2,622			2,541			-			-
Total due from 1 to 5 years		12,586			12,344			-			-
Due from 5 to 10 years
Other debt securities		1,195			1,210			-			-
Total due after 5 to 10 years		1,195			1,210			-			-
Total investment securities		16,882			16,655			-			-
Total	$	890,308		$	872,341		$	465,427		$	447,947

Realized Gain Loss On Investments Table Text Block

	Six-Month Period Ended June 30, 2017
				Book Value
Description	Sale Price			at Sale			Gross Gains			Gross Losses
	(In thousands)
Sale of securities available-for-sale
Mortgage-backed securities
FNMA and FHLMC certificates	$	107,510		$	102,311		$	5,199		$	-
GNMA certificates	$	65,284		$	63,704		$	1,580		$	-
Investment securities
US Treasury securities		39,409			39,297			112			-
Total mortgage-backed securities	$	212,203		$	205,312		$	6,891		$	-

Unrealized Gain Loss On Investments Table Text Block

	June 30, 2018
	12 months or more
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
CMOs issued by US Government-sponsored agencies	$	66,298		$	2,822		$	63,476
FNMA and FHLMC certificates		101,571			4,296			97,275
Obligations of US Government and sponsored agencies		2,622			81			2,541
GNMA certificates		20,388			1,055			19,333
US Treasury Securities		9,964			161			9,803
	$	200,843		$	8,415		$	192,428
Securities held to maturity
FNMA and FHLMC certificates	$	324,963		$	13,594		$	311,369
	Less than 12 months
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
CMOs issued by US government-sponsored agencies	$	7,849		$	170		$	7,679
FNMA and FHLMC certificates		413,181			7,275			405,906
GNMA certificates		142,431			2,847			139,584
US Treasury Securities		324			-			324
	$	563,785		$	10,292		$	553,493
Securities held-to-maturity
FNMA and FHLMC Certificates	$	140,464		$	3,886		$	136,578
	Total
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
CMOs issued by US government-sponsored agencies	$	74,147		$	2,992		$	71,155
FNMA and FHLMC certificates		514,752			11,571			503,181
Obligations of US government and sponsored agencies		2,622			81			2,541
GNMA certificates		162,819			3,902			158,917
US Treausury Securities		10,288			161			10,127
	$	764,628		$	18,707		$	745,921
Securities held-to-maturity
FNMA and FHLMC certificates	$	465,427		$	17,480		$	447,947

	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 Treasury 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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