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Loans Receivable | 9 Months Ended
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Sep. 30, 2018
Loans Receivable [Abstract] |
LOANS RECEIVABLE | NOTE 5 - LOANS Oriental’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. The composition of Oriental’s loan portfolio at September 30, 2018 and December 31, 2017 was as follows:
| September 30, |  | December 31,
| 2018 |  | 2017
| (In thousands)
Originated and other loans and leases held for investment: |  |  |  |  |
Mortgage | $ | 667,224 |  | $ | 683,607
Commercial |  | 1,540,027 |  |  | 1,307,261
Consumer |  | 345,399 |  |  | 330,039
Auto and leasing |  | 1,084,912 |  |  | 883,985
|  | 3,637,562 |  |  | 3,204,892
Allowance for loan and lease losses on originated and other loans and leases |  | (95,236) |  |  | (92,718)
|  | 3,542,326 |  |  | 3,112,174
Deferred loan costs, net |  | 7,556 |  |  | 6,695
Total originated and other loans held for investment, net |  | 3,549,882 |  |  | 3,118,869
Acquired loans: |  |  |  |  |
Acquired BBVAPR loans: |  |  |  |  |
Accounted for under ASC 310-20 (Loans with revolving feature and/or |  |  |  |  |
acquired at a premium) |  |  |  |  |
Commercial |  | 2,778 |  |  | 4,380
Consumer |  | 24,914 |  |  | 28,915
Auto |  | 7,494 |  |  | 21,969
|  | 35,186 |  |  | 55,264
Allowance for loan and lease losses on acquired BBVAPR loans accounted for under ASC 310-20 |  | (2,350) |  |  | (3,862)
|  | 32,836 |  |  | 51,402
Accounted for under ASC 310-30 (Loans acquired with deteriorated |  |  |  |  |
credit quality, including those by analogy) |  |  |  |  |
Mortgage |  | 503,861 |  |  | 532,053
Commercial |  | 190,178 |  |  | 243,092
Consumer |  | 95 |  |  | 1,431
Auto |  | 20,363 |  |  | 43,696
|  | 714,497 |  |  | 820,272
Allowance for loan and lease losses on acquired BBVAPR loans accounted for under ASC 310-30 |  | (43,875) |  |  | (45,755)
|  | 670,622 |  |  | 774,517
Total acquired BBVAPR loans, net |  | 703,458 |  |  | 825,919
Acquired Eurobank loans: |  |  |  |  |
Loans secured by 1-4 family residential properties |  | 64,785 |  |  | 69,538
Commercial |  | 49,262 |  |  | 53,793
Consumer |  | 895 |  |  | 1,112
Total acquired Eurobank loans |  | 114,942 |  |  | 124,443
Allowance for loan and lease losses on Eurobank loans |  | (24,281) |  |  | (25,174)
Total acquired Eurobank loans, net |  | 90,661 |  |  | 99,269
Total acquired loans, net |  | 794,119 |  |  | 925,188
Total held for investment, net |  | 4,344,001 |  |  | 4,044,057
Mortgage loans held-for-sale |  | 8,979 |  |  | 12,272
Total loans, net | $ | 4,352,980 |  | $ | 4,056,329
As a result of the devastation caused by hurricanes Irma and Maria, Oriental offered an automatic three-month moratorium for the payment due on certain loans. The level of delinquencies for mortgage and auto loans as of December 31, 2017 was impacted by the loan moratorium. Aging of current and early delinquent loans in moratorium were frozen at September 30, 2017, throughout the moratorium period. In addition, although the repayment schedule was modified as part of the moratorium, certain borrowers continued to make payments shortly after the moratorium, having an impact on the respective delinquency status at December 31, 2017. At September 30, 2018, all of the loan moratoriums have expired, and total delinquency levels have returned to pre-hurricane levels with some improvements. Originated and Other Loans and Leases Held for Investment Oriental’s originated and other loans held for investment are encompassed within four portfolio segments: mortgage, commercial, consumer, and auto and leasing. The tables below present the aging of the recorded investment in gross originated and other loans held for investment at September 30, 2018 and December 31, 2017, 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.
| September 30, 2018
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans 90+
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Days Past
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Due and
| 30-59 Days |  | 60-89 Days |  | 90+ Days |  | Total Past |  |  |  |  |  | Still
| Past Due |  | Past Due |  | Past Due |  | Due |  | Current |  | Total Loans |  | Accruing
| (In thousands) |  |  |
Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Traditional (by origination year): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Up to the year 2002 | $ | 276 |  | $ | 890 |  | $ | 3,272 |  | $ | 4,438 |  | $ | 38,120 |  | $ | 42,558 |  | $ | 240
Years 2003 and 2004 |  | 237 |  |  | 1,740 |  |  | 6,587 |  |  | 8,564 |  |  | 69,146 |  |  | 77,710 |  |  | -
Year 2005 |  | 92 |  |  | 858 |  |  | 3,515 |  |  | 4,465 |  |  | 36,710 |  |  | 41,175 |  |  | -
Year 2006 |  | 348 |  |  | 1,484 |  |  | 4,747 |  |  | 6,579 |  |  | 51,392 |  |  | 57,971 |  |  | -
Years 2007, 2008 and 2009 |  | 178 |  |  | 1,195 |  |  | 7,774 |  |  | 9,147 |  |  | 54,223 |  |  | 63,370 |  |  | 56
Years 2010, 2011, 2012, 2013 |  | 258 |  |  | 1,238 |  |  | 7,946 |  |  | 9,442 |  |  | 106,819 |  |  | 116,261 |  |  | 180
Years 2014, 2015, 2016, 2017 and 2018 |  | - |  |  | 593 |  |  | 1,303 |  |  | 1,896 |  |  | 130,610 |  |  | 132,506 |  |  | -
|  | 1,389 |  |  | 7,998 |  |  | 35,144 |  |  | 44,531 |  |  | 487,020 |  |  | 531,551 |  |  | 476
Non-traditional |  | - |  |  | 117 |  |  | 2,740 |  |  | 2,857 |  |  | 11,842 |  |  | 14,699 |  |  | -
Loss mitigation program |  | 10,346 |  |  | 5,435 |  |  | 20,797 |  |  | 36,578 |  |  | 70,819 |  |  | 107,397 |  |  | 2,631
|  | 11,735 |  |  | 13,550 |  |  | 58,681 |  |  | 83,966 |  |  | 569,681 |  |  | 653,647 |  |  | 3,107
Home equity secured personal loans |  | - |  |  | - |  |  | - |  |  | - |  |  | 252 |  |  | 252 |  |  | -
GNMA's buy-back option program |  | - |  |  | - |  |  | 13,325 |  |  | 13,325 |  |  | - |  |  | 13,325 |  |  | -
|  | 11,735 |  |  | 13,550 |  |  | 72,006 |  |  | 97,291 |  |  | 569,933 |  |  | 667,224 |  |  | 3,107
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | - |  |  | - |  |  | - |  |  | - |  |  | 306,372 |  |  | 306,372 |  |  | -
Institutional |  | - |  |  | - |  |  | - |  |  | - |  |  | 72,372 |  |  | 72,372 |  |  | -
Middle market |  | 839 |  |  | - |  |  | 5,481 |  |  | 6,320 |  |  | 175,822 |  |  | 182,142 |  |  | -
Retail |  | 1,242 |  |  | 309 |  |  | 9,245 |  |  | 10,796 |  |  | 210,101 |  |  | 220,897 |  |  | -
Floor plan |  | - |  |  | - |  |  | - |  |  | - |  |  | 3,579 |  |  | 3,579 |  |  | -
Real estate |  | - |  |  | - |  |  | - |  |  | - |  |  | 19,347 |  |  | 19,347 |  |  | -
|  | 2,081 |  |  | 309 |  |  | 14,726 |  |  | 17,116 |  |  | 787,593 |  |  | 804,709 |  |  | -
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | - |  |  | - |  |  | - |  |  | - |  |  | 163,766 |  |  | 163,766 |  |  | -
Institutional |  | - |  |  | - |  |  | - |  |  | - |  |  | 143,886 |  |  | 143,886 |  |  | -
Middle market |  | - |  |  | 3,480 |  |  | 2,751 |  |  | 6,231 |  |  | 91,484 |  |  | 97,715 |  |  | -
Retail |  | 720 |  |  | 131 |  |  | 792 |  |  | 1,643 |  |  | 287,755 |  |  | 289,398 |  |  | -
Floor plan |  | 150 |  |  | - |  |  | 51 |  |  | 201 |  |  | 40,352 |  |  | 40,553 |  |  | -
|  | 870 |  |  | 3,611 |  |  | 3,594 |  |  | 8,075 |  |  | 727,243 |  |  | 735,318 |  |  | -
|  | 2,951 |  |  | 3,920 |  |  | 18,320 |  |  | 25,191 |  |  | 1,514,836 |  |  | 1,540,027 |  |  | -
| September 30, 2018
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans 90+
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Days Past
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Due and
| 30-59 Days |  | 60-89 Days |  | 90+ Days |  | Total Past |  |  |  |  |  | Still
| Past Due |  | Past Due |  | Past Due |  | Due |  | Current |  | Total Loans |  | Accruing
| (In thousands) |  |  |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards | $ | 580 |  | $ | 200 |  | $ | 602 |  | $ | 1,382 |  | $ | 26,342 |  | $ | 27,724 |  | $ | -
Overdrafts |  | 27 |  |  | - |  |  | - |  |  | 27 |  |  | 129 |  |  | 156 |  |  | -
Personal lines of credit |  | 44 |  |  | 3 |  |  | 70 |  |  | 117 |  |  | 1,819 |  |  | 1,936 |  |  | -
Personal loans |  | 3,864 |  |  | 1,731 |  |  | 1,197 |  |  | 6,792 |  |  | 292,738 |  |  | 299,530 |  |  | -
Cash collateral personal loans |  | 146 |  |  | 66 |  |  | - |  |  | 212 |  |  | 15,841 |  |  | 16,053 |  |  | -
|  | 4,661 |  |  | 2,000 |  |  | 1,869 |  |  | 8,530 |  |  | 336,869 |  |  | 345,399 |  |  | -
Auto and leasing |  | 54,888 |  |  | 26,940 |  |  | 12,148 |  |  | 93,976 |  |  | 990,936 |  |  | 1,084,912 |  |  | -
Total | $ | 74,235 |  | $ | 46,410 |  | $ | 104,343 |  | $ | 224,988 |  | $ | 3,412,574 |  | $ | 3,637,562 |  | $ | 3,107
| December 31, 2017
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans 90+
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Days Past
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Due and
| 30-59 Days |  | 60-89 Days |  | 90+ Days |  | Total Past |  |  |  |  |  | Still
| Past Due |  | Past Due |  | Past Due |  | Due |  | Current |  | Total Loans |  | Accruing
| (In thousands) |  |  |
Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Traditional (by origination year): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Up to the year 2002 | $ | 86 |  | $ | 938 |  | $ | 3,537 |  | $ | 4,561 |  | $ | 41,579 |  | $ | 46,140 |  | $ | 467
Years 2003 and 2004 |  | 92 |  |  | 1,077 |  |  | 6,304 |  |  | 7,473 |  |  | 75,758 |  |  | 83,231 |  |  | -
Year 2005 |  | 101 |  |  | 383 |  |  | 3,348 |  |  | 3,832 |  |  | 40,669 |  |  | 44,501 |  |  | 68
Year 2006 |  | 242 |  |  | 604 |  |  | 5,971 |  |  | 6,817 |  |  | 55,966 |  |  | 62,783 |  |  | 66
Years 2007, 2008 and 2009 |  | 358 |  |  | 1,258 |  |  | 8,561 |  |  | 10,177 |  |  | 58,505 |  |  | 68,682 |  |  | 577
Years 2010, 2011, 2012, 2013 |  | 233 |  |  | 978 |  |  | 7,393 |  |  | 8,604 |  |  | 116,674 |  |  | 125,278 |  |  | 1,202
Years 2014, 2015, 2016 and 2017 |  | - |  |  | 75 |  |  | 1,649 |  |  | 1,724 |  |  | 121,194 |  |  | 122,918 |  |  | -
|  | 1,112 |  |  | 5,313 |  |  | 36,763 |  |  | 43,188 |  |  | 510,345 |  |  | 553,533 |  |  | 2,380
Non-traditional |  | - |  |  | 326 |  |  | 3,543 |  |  | 3,869 |  |  | 14,401 |  |  | 18,270 |  |  | -
Loss mitigation program |  | 7,233 |  |  | 3,331 |  |  | 18,923 |  |  | 29,487 |  |  | 73,793 |  |  | 103,280 |  |  | 4,981
|  | 8,345 |  |  | 8,970 |  |  | 59,229 |  |  | 76,544 |  |  | 598,539 |  |  | 675,083 |  |  | 7,361
Home equity secured personal loans |  | - |  |  | - |  |  | - |  |  | - |  |  | 256 |  |  | 256 |  |  | -
GNMA's buy-back option program |  | - |  |  | - |  |  | 8,268 |  |  | 8,268 |  |  | - |  |  | 8,268 |  |  | -
|  | 8,345 |  |  | 8,970 |  |  | 67,497 |  |  | 84,812 |  |  | 598,795 |  |  | 683,607 |  |  | 7,361
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | - |  |  | - |  |  | - |  |  | - |  |  | 235,426 |  |  | 235,426 |  |  | -
Institutional |  | - |  |  | - |  |  | 118 |  |  | 118 |  |  | 44,648 |  |  | 44,766 |  |  | -
Middle market |  | 765 |  |  | - |  |  | 3,527 |  |  | 4,292 |  |  | 225,649 |  |  | 229,941 |  |  | -
Retail |  | 352 |  |  | 936 |  |  | 9,695 |  |  | 10,983 |  |  | 235,084 |  |  | 246,067 |  |  | -
Floor plan |  | - |  |  | - |  |  | - |  |  | - |  |  | 3,998 |  |  | 3,998 |  |  | -
Real estate |  | - |  |  | - |  |  | - |  |  | - |  |  | 17,556 |  |  | 17,556 |  |  | -
|  | 1,117 |  |  | 936 |  |  | 13,340 |  |  | 15,393 |  |  | 762,361 |  |  | 777,754 |  |  | -
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | - |  |  | - |  |  | - |  |  | - |  |  | 170,015 |  |  | 170,015 |  |  | -
Institutional |  | - |  |  | - |  |  | - |  |  | - |  |  | 125,591 |  |  | 125,591 |  |  | -
Middle market |  | - |  |  | - |  |  | 881 |  |  | 881 |  |  | 84,482 |  |  | 85,363 |  |  | -
Retail |  | 455 |  |  | 103 |  |  | 1,616 |  |  | 2,174 |  |  | 111,078 |  |  | 113,252 |  |  | -
Floor plan |  | 9 |  |  | - |  |  | 51 |  |  | 60 |  |  | 35,226 |  |  | 35,286 |  |  | -
|  | 464 |  |  | 103 |  |  | 2,548 |  |  | 3,115 |  |  | 526,392 |  |  | 529,507 |  |  | -
|  | 1,581 |  |  | 1,039 |  |  | 15,888 |  |  | 18,508 |  |  | 1,288,753 |  |  | 1,307,261 |  |  | -
| December 31, 2017
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans 90+
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Days Past
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Due and
| 30-59 Days |  | 60-89 Days |  | 90+ Days |  | Total Past |  |  |  |  |  | Still
| Past Due |  | Past Due |  | Past Due |  | Due |  | Current |  | Total Loans |  | Accruing
| (In thousands) |  |  |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards | $ | 246 |  | $ | 130 |  | $ | 1,227 |  | $ | 1,603 |  | $ | 26,827 |  | $ | 28,430 |  | $ | -
Overdrafts |  | 20 |  |  | 6 |  |  | 31 |  |  | 57 |  |  | 157 |  |  | 214 |  |  | -
Personal lines of credit |  | 259 |  |  | 54 |  |  | 87 |  |  | 400 |  |  | 1,820 |  |  | 2,220 |  |  | -
Personal loans |  | 3,778 |  |  | 1,494 |  |  | 223 |  |  | 5,495 |  |  | 278,982 |  |  | 284,477 |  |  | -
Cash collateral personal loans |  | 103 |  |  | 59 |  |  | 312 |  |  | 474 |  |  | 14,224 |  |  | 14,698 |  |  | -
|  | 4,406 |  |  | 1,743 |  |  | 1,880 |  |  | 8,029 |  |  | 322,010 |  |  | 330,039 |  |  | -
Auto and leasing |  | 21,760 |  |  | 10,399 |  |  | 4,232 |  |  | 36,391 |  |  | 847,594 |  |  | 883,985 |  |  | -
Total | $ | 36,092 |  | $ | 22,151 |  | $ | 89,497 |  | $ | 147,740 |  | $ | 3,057,152 |  | $ | 3,204,892 |  | $ | 7,361
At September 30, 2018 and December 31, 2017, Oriental had a carrying balance of $91.4 million and $94.9 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 as 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. 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 the acquisitions of BBVAPR and Eurobank. Acquired BBVAPR Loans Accounted for under ASC 310-20 (Loans with revolving feature and/or acquired at a premium) 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 under the guidance of ASC 310-20, which requires that any contractually required loan payment receivable in excess of Oriental’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 Oriental’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 reporting 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 September 30, 2018 and December 31, 2017, by class of loans:
| September 30, 2018
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans 90+
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Days Past
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Due and
| 30-59 Days |  | 60-89 Days |  | 90+ Days |  | Total Past |  |  |  |  |  | Still
| Past Due |  | Past Due |  | Past Due |  | Due |  | Current |  | Total Loans |  | Accruing
| (In thousands) |  |  |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail | $ | - |  | $ | - |  | $ | 54 |  | $ | 54 |  | $ | - |  | $ | 54 |  | $ | -
Floor plan |  | - |  |  | - |  |  | 899 |  |  | 899 |  |  | 305 |  |  | 1,204 |  |  | -
|  | - |  |  | - |  |  | 953 |  |  | 953 |  |  | 305 |  |  | 1,258 |  |  | -
Other commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 8 |  |  | - |  |  | 25 |  |  | 33 |  |  | 1,485 |  |  | 1,518 |  |  | -
Floor plan |  | - |  |  | - |  |  | 2 |  |  | 2 |  |  | - |  |  | 2 |  |  | -
|  | 8 |  |  | - |  |  | 27 |  |  | 35 |  |  | 1,485 |  |  | 1,520 |  |  | -
|  | 8 |  |  | - |  |  | 980 |  |  | 988 |  |  | 1,790 |  |  | 2,778 |  |  | -
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 330 |  |  | 110 |  |  | 443 |  |  | 883 |  |  | 21,729 |  |  | 22,612 |  |  | -
Personal loans |  | 23 |  |  | 7 |  |  | 58 |  |  | 88 |  |  | 2,214 |  |  | 2,302 |  |  | -
|  | 353 |  |  | 117 |  |  | 501 |  |  | 971 |  |  | 23,943 |  |  | 24,914 |  |  | -
Auto |  | 665 |  |  | 389 |  |  | 202 |  |  | 1,256 |  |  | 6,238 |  |  | 7,494 |  |  | -
Total | $ | 1,026 |  | $ | 506 |  | $ | 1,683 |  | $ | 3,215 |  | $ | 31,971 |  | $ | 35,186 |  | $ | -
| December 31, 2017
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans 90+
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Days Past
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Due and
| 30-59 Days |  | 60-89 Days |  | 90+ Days |  | Total Past |  |  |  |  |  | Still
| Past Due |  | Past Due |  | Past Due |  | Due |  | Current |  | Total Loans |  | Accruing
| (In thousands) |  |  |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail | $ | - |  | $ | - |  | $ | 119 |  | $ | 119 |  | $ | - |  | $ | 119 |  | $ | -
Floor plan |  | - |  |  | - |  |  | 928 |  |  | 928 |  |  | 393 |  |  | 1,321 |  |  | -
|  | - |  |  | - |  |  | 1,047 |  |  | 1,047 |  |  | 393 |  |  | 1,440 |  |  | -
Other commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 36 |  |  | - |  |  | 221 |  |  | 257 |  |  | 2,681 |  |  | 2,938 |  |  | -
Floor plan |  | - |  |  | - |  |  | 2 |  |  | 2 |  |  | - |  |  | 2 |  |  | -
|  | 36 |  |  | - |  |  | 223 |  |  | 259 |  |  | 2,681 |  |  | 2,940 |  |  | -
|  | 36 |  |  | - |  |  | 1,270 |  |  | 1,306 |  |  | 3,074 |  |  | 4,380 |  |  | -
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 208 |  |  | 127 |  |  | 1,310 |  |  | 1,645 |  |  | 24,822 |  |  | 26,467 |  |  | -
Personal loans |  | 139 |  |  | 61 |  |  | 45 |  |  | 245 |  |  | 2,203 |  |  | 2,448 |  |  | -
|  | 347 |  |  | 188 |  |  | 1,355 |  |  | 1,890 |  |  | 27,025 |  |  | 28,915 |  |  | -
Auto |  | 602 |  |  | 248 |  |  | 179 |  |  | 1,029 |  |  | 20,940 |  |  | 21,969 |  |  | -
Total | $ | 985 |  | $ | 436 |  | $ | 2,804 |  | $ | 4,225 |  | $ | 51,039 |  | $ | 55,264 |  | $ | -
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 Oriental 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 September 30, 2018 and December 31, 2017 is as follows:
| September 30, |  | December 31,
|  | 2018 |  |  | 2017
|  | (In thousands)
Contractual required payments receivable: | $ | 1,340,064 |  | $ | 1,481,616
Less: Non-accretable discount |  | 347,173 |  |  | 352,431
Cash expected to be collected |  | 992,891 |  |  | 1,129,185
Less: Accretable yield |  | 278,394 |  |  | 308,913
Carrying amount, gross |  | 714,497 |  |  | 820,272
Less: allowance for loan and lease losses |  | 43,875 |  |  | 45,755
Carrying amount, net | $ | 670,622 |  | $ | 774,517
At September 30, 2018 and December 31, 2017, Oriental had $44.0 million and $50.3 million, respectively, in loans granted to Puerto Rico municipalities as part of its acquired BBVAPR loans accounted for under ASC 310-30. These loans are primarily secured municipal general obligations. 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 nine-month periods ended September 30, 2018 and 2017
| Quarter Ended September 30, 2018
| Mortgage |  | Commercial |  | Auto |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 243,903 |  | $ | 42,521 |  | $ | 1,071 |  | $ | 497 |  | $ | 287,992
Accretion |  | (6,722) |  |  | (3,977) |  |  | (466) |  |  | (88) |  |  | (11,253)
Change in expected cash flows |  | - |  |  | 1,334 |  |  | 3 |  |  | 25 |  |  | 1,362
Transfer from (to) non-accretable discount |  | 1,456 |  |  | (1,140) |  |  | 3 |  |  | (26) |  |  | 293
Balance at end of period | $ | 238,637 |  | $ | 38,738 |  | $ | 611 |  | $ | 408 |  | $ | 278,394
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 296,137 |  | $ | 11,143 |  | $ | 23,645 |  | $ | 19,332 |  | $ | 350,257
Change in actual and expected losses |  | (1,860) |  |  | (1,125) |  |  | 181 |  |  | 13 |  |  | (2,791)
Transfer from accretable yield |  | (1,456) |  |  | 1,140 |  |  | (3) |  |  | 26 |  |  | (293)
Balance at end of period | $ | 292,821 |  | $ | 11,158 |  | $ | 23,823 |  | $ | 19,371 |  | $ | 347,173
| Nine-Month Period Ended September 30, 2018
| Mortgage |  | Commercial |  | Auto |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 258,498 |  | $ | 46,764 |  | $ | 2,766 |  | $ | 885 |  | $ | 308,913
Accretion |  | (20,710) |  |  | (11,259) |  |  | (1,991) |  |  | (538) |  |  | (34,498)
Change in expected cash flows |  | - |  |  | 7,265 |  |  | 829 |  |  | 156 |  |  | 8,250
Transfer (to) non-accretable discount |  | 849 |  |  | (4,032) |  |  | (993) |  |  | (95) |  |  | (4,271)
Balance at end of period | $ | 238,637 |  | $ | 38,738 |  | $ | 611 |  | $ | 408 |  | $ | 278,394
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 299,501 |  | $ | 10,596 |  | $ | 23,050 |  | $ | 19,284 |  | $ | 352,431
Change in actual and expected losses |  | (5,831) |  |  | (3,470) |  |  | (220) |  |  | (8) |  |  | (9,529)
Transfer from accretable yield |  | (849) |  |  | 4,032 |  |  | 993 |  |  | 95 |  |  | 4,271
Balance at end of period | $ | 292,821 |  | $ | 11,158 |  | $ | 23,823 |  | $ | 19,371 |  | $ | 347,173
| Quarter Ended September 30, 2017
| Mortgage |  | Commercial |  | Auto |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 270,148 |  | $ | 56,038 |  | $ | 4,853 |  | $ | 1,486 |  | $ | 332,525
Accretion |  | (7,434) |  |  | (7,114) |  |  | (1,350) |  |  | (384) |  |  | (16,282)
Change in actual and expected losses |  | - |  |  | 3,716 |  |  | 13 |  |  | 37 |  |  | 3,766
Transfer (to) from non-accretable discount |  | (6,158) |  |  | (2,950) |  |  | (8) |  |  | 26 |  |  | (9,090)
Balance at end of period | $ | 256,556 |  | $ | 49,690 |  | $ | 3,508 |  | $ | 1,165 |  | $ | 310,919
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 306,504 |  | $ | 16,867 |  | $ | 23,960 |  | $ | 19,431 |  | $ | 366,762
Change in actual and expected losses |  | (2,310) |  |  | (8,679) |  |  | (191) |  |  | (124) |  |  | (11,304)
Transfer from (to) accretable yield |  | 6,158 |  |  | 2,950 |  |  | 8 |  |  | (26) |  |  | 9,090
Balance at end of period | $ | 310,352 |  | $ | 11,138 |  | $ | 23,777 |  | $ | 19,281 |  | $ | 364,548
| Nine-Month Period Ended September 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 |  | (23,018) |  |  | (16,608) |  |  | (5,273) |  |  | (1,542) |  |  | (46,441)
Change in actual and expected losses |  | 2 |  |  | 19,907 |  |  | 163 |  |  | 123 |  |  | 20,195
Transfer (to) from non-accretable discount |  | (12,543) |  |  | (3,975) |  |  | 80 |  |  | (1,098) |  |  | (17,536)
Balance at end of period | $ | 256,556 |  | $ | 49,690 |  | $ | 3,508 |  | $ | 1,165 |  | $ | 310,919
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 |  | (7,806) |  |  | (9,802) |  |  | 1,450 |  |  | 63 |  |  | (16,095)
Transfer from (to) accretable yield |  | 12,543 |  |  | 3,975 |  |  | (80) |  |  | 1,098 |  |  | 17,536
Balance at end of period | $ | 310,352 |  | $ | 11,138 |  | $ | 23,777 |  | $ | 19,281 |  | $ | 364,548
Acquired Eurobank Loans The carrying amount of acquired Eurobank loans at September 30, 2018 and December 31, 2017 is as follows:
| September 30 |  | December 31
| 2018 |  | 2017
| (In thousands)
Contractual required payments receivable: | $ | 162,204 |  | $ | 179,960
Less: Non-accretable discount |  | 4,187 |  |  | 5,845
Cash expected to be collected |  | 158,017 |  |  | 174,115
Less: Accretable yield |  | 43,075 |  |  | 49,672
Carrying amount, gross |  | 114,942 |  |  | 124,443
Less: Allowance for loan and lease losses |  | 24,281 |  |  | 25,174
Carrying amount, net | $ | 90,661 |  | $ | 99,269
The following tables describe the accretable yield and non-accretable discount activity of acquired Eurobank loans for the quarters and nine-month periods ended September 30, 2018 and 2017:
| Quarter Ended September 30, 2018
| 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 | $ | 39,269 |  |  | 4,585 |  |  | 1,224 |  |  | - |  |  | - |  |  | 45,078
Accretion |  | (1,440) |  |  | (1,883) |  |  | - |  |  | (7) |  |  | (155) |  |  | (3,485)
Change in expected cash flows |  | 6 |  |  | 2,063 |  |  | - |  |  | (143) |  |  | 283 |  |  | 2,209
Transfer (to) from non-accretable discount |  | 188 |  |  | (412) |  |  | (525) |  |  | 150 |  |  | (128) |  |  | (727)
Balance at end of period | $ | 38,023 |  | $ | 4,353 |  | $ | 699 |  | $ | - |  | $ | - |  | $ | 43,075
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 2,638 |  |  | - |  |  | 981 |  |  | - |  |  | 200 |  |  | 3,819
Change in actual and expected losses |  | 63 |  |  | (412) |  |  | - |  |  | 150 |  |  | (160) |  |  | (359)
Transfer from (to) accretable yield |  | (188) |  |  | 412 |  |  | 525 |  |  | (150) |  |  | 128 |  |  | 727
Balance at end of period | $ | 2,513 |  | $ | - |  | $ | 1,506 |  | $ | - |  | $ | 168 |  | $ | 4,187
| Nine-Month Period Ended September 30, 2018
| 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 year | $ | 41,474 |  | $ | 6,751 |  | $ | 1,447 |  | $ | - |  | $ | - |  | $ | 49,672
Accretion |  | (4,583) |  |  | (5,195) |  |  | - |  |  | (45) |  |  | (369) |  |  | (10,192)
Change in expected cash flows |  | (974) |  |  | 4,793 |  |  | - |  |  | (317) |  |  | 697 |  |  | 4,199
Transfer from (to) non-accretable discount |  | 2,106 |  |  | (1,996) |  |  | (748) |  |  | 362 |  |  | (328) |  |  | (604)
Balance at end of period | $ | 38,023 |  | $ | 4,353 |  | $ | 699 |  | $ | - |  | $ | - |  | $ | 43,075
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 4,576 |  | $ | 276 |  | $ | 758 |  | $ | - |  | $ | 235 |  | $ | 5,845
Change in actual and expected losses |  | 43 |  |  | (2,272) |  |  | - |  |  | 362 |  |  | (395) |  |  | (2,262)
Transfer from (to) accretable yield |  | (2,106) |  |  | 1,996 |  |  | 748 |  |  | (362) |  |  | 328 |  |  | 604
Balance at end of period | $ | 2,513 |  | $ | - |  | $ | 1,506 |  | $ | - |  | $ | 168 |  | $ | 4,187
| Quarter Ended September 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 | $ | 43,012 |  | $ | 9,157 |  | $ | 1,906 |  |  | - |  | $ | - |  | $ | 54,075
Accretion |  | (1,736) |  |  | (2,480) |  |  | (39) |  |  | (11) |  |  | (73) |  |  | (4,339)
Change in actual and expected losses |  | 18 |  |  | 106 |  |  | 39 |  |  | (49) |  |  | 346 |  |  | 460
Transfer from (to) non-accretable discount |  | 1,094 |  |  | 1,448 |  |  | (142) |  |  | 60 |  |  | (273) |  |  | 2,187
Balance at end of period | $ | 42,388 |  | $ | 8,231 |  | $ | 1,764 |  | $ | - |  | $ | - |  | $ | 52,383
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 6,687 |  | $ | 2,010 |  | $ | 299 |  | $ | - |  | $ | 14 |  | $ | 9,010
Change in actual and expected losses |  | 20 |  |  | 126 |  |  | (39) |  |  | 60 |  |  | (55) |  |  | 112
Transfer (to) from accretable yield |  | (1,094) |  |  | (1,448) |  |  | 142 |  |  | (60) |  |  | 273 |  |  | (2,187)
Balance at end of period | $ | 5,613 |  | $ | 688 |  | $ | 402 |  | $ | - |  | $ | 232 |  | $ | 6,935
| Nine-Month Period Ended September 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 |  | (5,564) |  |  | (11,051) |  |  | (82) |  |  | (22) |  |  | (268) |  |  | (16,987)
Change in expected cash flows |  | 119 |  |  | 1,427 |  |  | 82 |  |  | (214) |  |  | 730 |  |  | 2,144
Transfer from (to) non-accretable discount |  | 1,994 |  |  | 1,380 |  |  | (430) |  |  | 236 |  |  | (462) |  |  | 2,718
Balance at end of period | $ | 42,388 |  | $ | 8,231 |  | $ | 1,764 |  | $ | - |  | $ | - |  | $ | 52,383
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 8,441 |  | $ | 3,880 |  | $ | 11 |  | $ | - |  | $ | 8 |  | $ | 12,340
Change in actual and expected cash flows |  | (834) |  |  | (1,812) |  |  | (39) |  |  | 236 |  |  | (238) |  |  | (2,687)
Transfer (to) from accretable yield |  | (1,994) |  |  | (1,380) |  |  | 430 |  |  | (236) |  |  | 462 |  |  | (2,718)
Balance at end of period | $ | 5,613 |  | $ | 688 |  | $ | 402 |  | $ | - |  | $ | 232 |  | $ | 6,935
Non-accrual Loans The following table presents the recorded investment in loans in non-accrual status by class of loans as of September 30, 2018 and December 31, 2017:
| September 30, |  | December 31,
| 2018 |  | 2017
| (In thousands)
Originated and other loans and leases held for investment |  |  |  |  |
Mortgage |  |  |  |  |
Traditional (by origination year): |  |  |  |  |
Up to the year 2002 | $ | 3,088 |  | $ | 3,070
Years 2003 and 2004 |  | 6,587 |  |  | 6,380
Year 2005 |  | 3,727 |  |  | 3,280
Year 2006 |  | 4,778 |  |  | 5,905
Years 2007, 2008 and 2009 |  | 7,717 |  |  | 7,984
Years 2010, 2011, 2012, 2013 |  | 7,766 |  |  | 6,259
Years 2014, 2015, 2016, 2017 and 2018 |  | 1,303 |  |  | 1,649
|  | 34,966 |  |  | 34,527
Non-traditional |  | 2,740 |  |  | 3,543
Loss mitigation program |  | 23,292 |  |  | 16,783
|  | 60,998 |  |  | 54,853
Commercial |  |  |  |  |
Commercial secured by real estate |  |  |  |  |
Institutional |  | 10,155 |  |  | 118
Middle market |  | 7,619 |  |  | 11,394
Retail |  | 15,662 |  |  | 14,438
|  | 33,436 |  |  | 25,950
Other commercial and industrial |  |  |  |  |
Middle market |  | 6,561 |  |  | 6,323
Retail |  | 2,759 |  |  | 2,929
Floor plan |  | 51 |  |  | 51
|  | 9,371 |  |  | 9,303
|  | 42,807 |  |  | 35,253
Consumer |  |  |  |  |
Credit cards |  | 602 |  |  | 1,227
Overdrafts |  | - |  |  | 31
Personal lines of credit |  | 80 |  |  | 102
Personal loans |  | 2,434 |  |  | 900
Cash collateral personal loans |  | - |  |  | 312
|  | 3,116 |  |  | 2,572
Auto and leasing |  | 12,185 |  |  | 4,232
Total non-accrual originated loans | $ | 119,106 |  | $ | 96,910
| September 30, |  | December 31,
| 2018 |  | 2017
| (In thousands)
Acquired BBVAPR loans accounted for under ASC 310-20 |  |  |  |  |
Commercial |  |  |  |  |
Commercial secured by real estate |  |  |  |  |
Retail | $ | 54 |  | $ | 119
Floor plan |  | 899 |  |  | 928
|  | 953 |  |  | 1,047
Other commercial and industrial |  |  |  |  |
Retail |  | 25 |  |  | 221
Floor plan |  | 2 |  |  | 2
|  | 27 |  |  | 223
|  | 980 |  |  | 1,270
Consumer |  |  |  |  |
Credit cards |  | 443 |  |  | 1,310
Personal loans |  | 58 |  |  | 45
|  | 501 |  |  | 1,355
Auto |  | 202 |  |  | 179
Total non-accrual acquired BBVAPR loans accounted for under ASC 310-20 |  | 1,683 |  |  | 2,804
Total non-accrual loans | $ | 120,789 |  | $ | 99,714
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 12 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 from the impairment analysis. At September 30, 2018 and December 31, 2017, loans whose terms have been extended and which are classified as troubled-debt restructurings that are not included in non-accrual loans amounted to $97.7 million and $109.2 million, respectively, as they are performing under their new terms. At September 30, 2018 and December 31, 2017, loans that are current in their monthly payments, but placed in non-accrual due to credit deterioration amounted to $23.6 million and $20.1 million, respectively. Impaired Loans Oriental 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 $69.6 million and $72.3 million at September 30, 2018 and December 31, 2017, 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-debt restructurings. The allowance for loan and lease losses for these impaired commercial loans amounted to $7.6 million and $10.6 million at September 30, 2018 and December 31, 2017, respectively. The total investment in impaired mortgage loans that were individually evaluated for impairment was $85.1 million and $85.4 million at September 30, 2018 and December 31, 2017, 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 $10.6 million and $9.1 million at September 30, 2018 and December 31, 2017, respectively. Originated and Other Loans and Leases Held for Investment Oriental’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 September 30, 2018 and 2017 are as follows:
| September 30, 2018 |  |
| Unpaid |  | Recorded |  | Related |  |  |  |
| Principal |  | Investment |  | Allowance |  | Coverage |  |
| (In thousands) |  |
Impaired loans with specific allowance: |  |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 38,650 |  | $ | 33,379 |  | $ | 7,607 |  | 23% |  |
Residential impaired and troubled-debt restructuring |  | 95,673 |  |  | 85,119 |  |  | 10,620 |  | 12% |  |
Impaired loans with no specific allowance: |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 41,393 |  |  | 35,513 |  |  | N/A |  | 0% |  |
Total investment in impaired loans | $ | 175,716 |  | $ | 154,011 |  | $ | 18,227 |  | 12% |  |
| December 31, 2017 |  |
| Unpaid |  | Recorded |  | Related |  |  |  |
| Principal |  | Investment |  | Allowance |  | Coverage |  |
| (In thousands) |  |
Impaired loans with specific allowance: |  |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 57,922 |  | $ | 52,585 |  | $ | 10,573 |  | 20% |  |
Residential impaired and troubled-debt restructuring |  | 94,971 |  |  | 85,403 |  |  | 9,121 |  | 11% |  |
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 22,022 |  |  | 18,953 |  |  | N/A |  | 0% |  |
Total investment in impaired loans | $ | 174,915 |  | $ | 156,941 |  | $ | 19,694 |  | 13% |  |
Acquired BBVAPR Loans Accounted for under ASC 310-20 (Loans with revolving feature and/or acquired at a premium) Oriental’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 September 30, 2018 and December 31, 2017 are as follows:
| September 30, 2018
| Unpaid |  | Recorded |  | Related |  |
| Principal |  | Investment |  | Allowance |  | Coverage
| (In thousands)
Impaired loans with specific allowance |  |  |  |  |  |  |  |  |  |
Commercial | $ | 926 |  | $ | 747 |  | $ | 4 |  | 1%
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |
Commercial | $ | - |  | $ | - |  |  | N/A |  | 0%
Total investment in impaired loans | $ | 926 |  | $ | 747 |  | $ | 4 |  | 1%
| December 31, 2017
| Unpaid |  | Recorded |  | Specific |  |
| Principal |  | Investment |  | Allowance |  | Coverage
| (In thousands)
Impaired loans with specific allowance |  |  |  |  |  |  |  |  |  |
Commercial | $ | 926 |  | $ | 747 |  | $ | 20 |  | 3%
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |
Commercial | $ | - |  | $ | - |  |  | N/A |  | 0%
Total investment in impaired loans | $ | 926 |  | $ | 747 |  | $ | 20 |  | 3%
Acquired BBVAPR Loans Accounted for under ASC 310-30 (including those accounted for under ASC 310-30 by analogy) Oriental’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 September 30, 2018 and December 31, 2017 are as follows:
| September 30, 2018
|  |  |  |  |  |  |  |  |  | Coverage
| Unpaid |  | Recorded |  |  |  | to Recorded
| Principal |  | Investment |  | Allowance |  | Investment
| (In thousands)
Impaired loan pools with specific allowance: |  |  |  |  |  |  |  |  |  |
Mortgage | $ | 510,426 |  | $ | 503,860 |  | $ | 15,258 |  | 3%
Commercial |  | 197,516 |  |  | 189,164 |  |  | 22,256 |  | 12%
Consumer |  | 1,016 |  |  | 96 |  |  | 18 |  | 19%
Auto |  | 22,079 |  |  | 20,364 |  |  | 6,343 |  | 31%
Total investment in impaired loan pools | $ | 731,037 |  | $ | 713,484 |  | $ | 43,875 |  | 6%
| December 31 , 2017
|  |  |  |  |  |  |  |  |  | Coverage
| Unpaid |  | Recorded |  |  |  | to Recorded
| Principal |  | Investment |  | Allowance |  | Investment
| (In thousands)
Impaired loan pools with specific allowance: |  |  |  |  |  |  |  |  |  |
Mortgage | $ | 547,064 |  | $ | 532,052 |  | $ | 14,085 |  | 3%
Commercial |  | 250,451 |  |  | 241,124 |  |  | 23,691 |  | 10%
Consumer |  | 2,468 |  |  | 1,431 |  |  | 18 |  | 1%
Auto |  | 43,440 |  |  | 43,696 |  |  | 7,961 |  | 18%
Total investment in impaired loan pools | $ | 843,423 |  | $ | 818,303 |  | $ | 45,755 |  | 6%
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 Oriental’s recorded investment in acquired Eurobank loan pools that have recorded impairments and their related allowance for loan and lease losses as of September 30, 2018 and December 31, 2017 are as follows:
| September 30, 2018
|  |  |  |  |  |  |  |  |  | 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 | $ | 72,874 |  | $ | 64,785 |  | $ | 15,155 |  | 23%
Commercial |  | 50,430 |  |  | 49,262 |  |  | 9,122 |  | 19%
Consumer |  | 13 |  |  | 4 |  |  | 4 |  | 100%
Total investment in impaired loan pools | $ | 123,317 |  | $ | 114,051 |  | $ | 24,281 |  | 21%
| December 31, 2017
|  |  |  |  |  |  |  |  |  | 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 | $ | 81,132 |  | $ | 69,538 |  | $ | 15,187 |  | 22%
Commercial |  | 58,099 |  |  | 53,793 |  |  | 9,983 |  | 19%
Consumer |  | 15 |  |  | 4 |  |  | 4 |  | 100%
Total investment in impaired loan pools | $ | 139,246 |  | $ | 123,335 |  | $ | 25,174 |  | 20%
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 nine-month periods ended September 30, 2018 and 2017:
| Quarter Ended September 30,
| 2018 |  | 2017
| 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 | $ | 150 |  | $ | 35,765 |  | $ | 306 |  | $ | 24,178
Residential troubled-debt restructuring |  | 695 |  |  | 84,787 |  |  | 576 |  |  | 86,694
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 271 |  |  | 31,315 |  |  | 675 |  |  | 36,133
|  | 1,116 |  |  | 151,867 |  |  | 1,557 |  |  | 147,005
Acquired loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |
Impaired loans with specific allowance |  |  |  |  |  |  |  |  |  |  |
Commercial |  | - |  |  | 747 |  |  | - |  |  | 751
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |  |
Commercial |  | - |  |  | - |  |  | - |  |  | -
Total interest income from impaired loans | $ | 1,116 |  | $ | 152,614 |  | $ | 1,557 |  | $ | 147,756
| Nine-Month Period Ended September 30,
| 2018 |  |  | 2017
| 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 | $ | 432 |  | $ | 44,691 |  | $ | 612 |  | $ | 17,298
Residential troubled-debt restructuring |  | 2,028 |  |  | 84,671 |  |  | 1,685 |  |  | 87,951
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 812 |  |  | 23,736 |  |  | 1,350 |  |  | 41,519
Total interest income from impaired loans | $ | 3,272 |  | $ | 153,098 |  | $ | 3,647 |  | $ | 146,768
Acquired loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |
Impaired loans with specific allowance |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | - |  | $ | 747 |  | $ | - |  | $ | 810
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |  |
Total interest income from impaired loans | $ | 3,272 |  | $ | 153,845 |  | $ | 3,647 |  | $ | 147,578
Modifications The following tables present the troubled-debt restructurings in all loan portfolios during the quarters and nine-month periods ended September 30, 2018 and 2017.
| Quarter Ended September 30, 2018
| 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 | 21 |  | $ | 2,621 |  | 5.42% |  | 373 |  | $ | 2,579 |  | 4.19% |  | 344
Commercial | 5 |  |  | 3,007 |  | 5.79% |  | 71 |  |  | 3,002 |  | 5.10% |  | 83
Consumer | 52 |  |  | 758 |  | 15.06% |  | 66 |  |  | 765 |  | 12.04% |  | 73
Auto | 2 |  |  | 40 |  | 10.28% |  | 37 |  |  | 40 |  | 10.28% |  | 37
| Nine-Month Period Ended September 30, 2018
| 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 | 104 |  | $ | 14,087 |  | 5.61% |  | 382 |  | $ | 13,597 |  | 4.82% |  | 344
Commercial | 13 |  |  | 10,341 |  | 5.50% |  | 53 |  |  | 10,332 |  | 5.74% |  | 60
Consumer | 101 |  |  | 1,469 |  | 15.58% |  | 59 |  |  | 1,477 |  | 11.51% |  | 72
Auto | 2 |  |  | 40 |  | 10.28% |  | 37 |  |  | 40 |  | 10.28% |  | 37
| Quarter Ended September 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 | 15 |  | $ | 1,796 |  | 6.18% |  | 401 |  | $ | 1,804 |  | 4.28% |  | 409
Commercial | 2 |  |  | 154 |  | 7.99% |  | 53 |  |  | 154 |  | 8.45% |  | 51
Consumer | 30 |  |  | 383 |  | 11.52% |  | 61 |  |  | 383 |  | 11.21% |  | 68
Auto | 2 |  |  | 23 |  | 6.42% |  | 63 |  |  | 23 |  | 8.13% |  | 31
| Nine-Month Period Ended September 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 | 74 |  | $ | 9,149 |  | 6.27% |  | 390 |  | $ | 9,132 |  | 4.26% |  | 384
Commercial | 20 |  |  | 3,527 |  | 6.51% |  | 55 |  |  | 3,528 |  | 5.55% |  | 66
Consumer | 93 |  |  | 1,262 |  | 11.87% |  | 64 |  |  | 1,301 |  | 10.79% |  | 70
Auto | 9 |  |  | 134 |  | 7.24% |  | 66 |  |  | 135 |  | 11.75% |  | 37
The following table presents troubled-debt restructurings for which there was a payment default during the twelve-month periods ended September 30, 2018 and 2017:
| Twelve-Month Period Ended September 30,
| 2018 |  |  | 2017
| Number of Contracts |  | Recorded Investment |  |  | Number of Contracts |  | Recorded Investment
| (Dollars in thousands)
Mortgage | 19 |  | $ | 2,756 |  |  | 28 |  | $ | 2,663
Commercial | 2 |  | $ | 281 |  |  | 8 |  | $ | 868
Consumer | 11 |  | $ | 107 |  |  | 22 |  | $ | 248
Credit Quality Indicators Oriental 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. Oriental uses the following definitions for risk ratings: Pass: Loans classified as “pass” have a well-defined primary source 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” have 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 liquidation 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 substandard, 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 worthless 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 September 30, 2018 and December 31, 2017, 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:
| September 30, 2018
| Risk Ratings
| Balance |  |  |  |  | Special |  |  |  |  |  |  |  |
| Outstanding |  | Pass |  | Mention |  | Substandard |  | Doubtful |  | Loss
| (In thousands)
Commercial - originated and other loans held for investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate | $ | 306,372 |  | $ | 263,522 |  | $ | 26,887 |  | $ | 15,963 |  | $ | - |  | $ | -
Institutional |  | 72,372 |  |  | 62,021 |  |  | - |  |  | 10,351 |  |  | - |  |  | -
Middle market |  | 182,142 |  |  | 133,506 |  |  | 31,912 |  |  | 16,724 |  |  | - |  |  | -
Retail |  | 220,897 |  |  | 194,554 |  |  | 4,024 |  |  | 22,319 |  |  | - |  |  | -
Floor plan |  | 3,579 |  |  | 2,281 |  |  | - |  |  | 1,298 |  |  | - |  |  | -
Real estate |  | 19,347 |  |  | 19,347 |  |  | - |  |  | - |  |  | - |  |  | -
|  | 804,709 |  |  | 675,231 |  |  | 62,823 |  |  | 66,655 |  |  | - |  |  | -
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | 163,766 |  |  | 135,269 |  |  | 28,497 |  |  | - |  |  | - |  |  | -
Institutional |  | 143,886 |  |  | 143,886 |  |  | - |  |  | - |  |  | - |  |  | -
Middle market |  | 97,715 |  |  | 74,204 |  |  | 4,948 |  |  | 18,563 |  |  | - |  |  | -
Retail |  | 289,398 |  |  | 286,090 |  |  | 213 |  |  | 3,095 |  |  | - |  |  | -
Floor plan |  | 40,553 |  |  | 37,766 |  |  | 2,736 |  |  | 51 |  |  | - |  |  | -
|  | 735,318 |  |  | 677,215 |  |  | 36,394 |  |  | 21,709 |  |  | - |  |  | -
Total |  | 1,540,027 |  |  | 1,352,446 |  |  | 99,217 |  |  | 88,364 |  |  | - |  |  | -
Commercial - acquired loans (under ASC 310-20) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 54 |  |  | - |  |  | - |  |  | 54 |  |  | - |  |  | -
Floor plan |  | 1,204 |  |  | 305 |  |  | - |  |  | 899 |  |  | - |  |  | -
|  | 1,258 |  |  | 305 |  |  | - |  |  | 953 |  |  | - |  |  | -
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 1,518 |  |  | 1,518 |  |  | - |  |  | - |  |  | - |  |  | -
Floor plan |  | 2 |  |  | - |  |  | - |  |  | 2 |  |  | - |  |  | -
|  | 1,520 |  |  | 1,518 |  |  | - |  |  | 2 |  |  | - |  |  | -
Total |  | 2,778 |  |  | 1,823 |  |  | - |  |  | 955 |  |  | - |  |  | -
| September 30, 2018
| Risk Ratings
| Balance |  |  |  |  | Special |  |  |  |  |  |  |  |
| Outstanding |  | Pass |  | Mention |  | Substandard |  | Doubtful |  | Loss
| (In thousands)
Retail - originated and other loans held for investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Traditional |  | 531,551 |  |  | 496,407 |  |  | - |  |  | 35,144 |  |  | - |  |  | -
Non-traditional |  | 14,699 |  |  | 11,959 |  |  | - |  |  | 2,740 |  |  | - |  |  | -
Loss mitigation program |  | 107,397 |  |  | 86,600 |  |  | - |  |  | 20,797 |  |  | - |  |  | -
Home equity secured personal loans |  | 252 |  |  | 252 |  |  | - |  |  | - |  |  | - |  |  | -
GNMA's buy-back option program |  | 13,325 |  |  | - |  |  | - |  |  | 13,325 |  |  | - |  |  | -
|  | 667,224 |  |  | 595,218 |  |  | - |  |  | 72,006 |  |  | - |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 27,724 |  |  | 27,122 |  |  | - |  |  | 602 |  |  | - |  |  | -
Overdrafts |  | 156 |  |  | 129 |  |  | - |  |  | 27 |  |  | - |  |  | -
Unsecured personal lines of credit |  | 1,936 |  |  | 1,865 |  |  | - |  |  | 71 |  |  | - |  |  | -
Unsecured personal loans |  | 299,530 |  |  | 298,334 |  |  | - |  |  | 1,196 |  |  | - |  |  | -
Cash collateral personal loans |  | 16,053 |  |  | 16,053 |  |  | - |  |  | - |  |  | - |  |  | -
|  | 345,399 |  |  | 343,503 |  |  | - |  |  | 1,896 |  |  | - |  |  | -
Auto and Leasing |  | 1,084,912 |  |  | 1,072,764 |  |  | - |  |  | 12,148 |  |  | - |  |  | -
Total |  | 2,097,535 |  |  | 2,011,485 |  |  | - |  |  | 86,050 |  |  | - |  |  | -
Retail - acquired loans (accounted for under ASC 310-20) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 22,612 |  |  | 22,169 |  |  | - |  |  | 443 |  |  | - |  |  | -
Personal loans |  | 2,302 |  |  | 2,244 |  |  | - |  |  | 58 |  |  | - |  |  | -
|  | 24,914 |  |  | 24,413 |  |  | - |  |  | 501 |  |  | - |  |  | -
Auto |  | 7,494 |  |  | 7,292 |  |  | - |  |  | 202 |  |  | - |  |  | -
|  | 32,408 |  |  | 31,705 |  |  | - |  |  | 703 |  |  | - |  |  | -
| $ | 3,672,748 |  | $ | 3,397,459 |  | $ | 99,217 |  | $ | 176,072 |  | $ | - |  | $ | -
| December 31, 2017
| Risk Ratings
| Balance |  |  |  |  | Special |  |  |  |  |  |  |  |
| Outstanding |  | Pass |  | Mention |  | Substandard |  | Doubtful |  | Loss
| (In thousands)
Commercial - originated and other loans held for investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate | $ | 235,426 |  | $ | 200,395 |  | $ | 33,094 |  | $ | 1,937 |  | $ | - |  | $ | -
Institutional |  | 44,766 |  |  | 33,856 |  |  | - |  |  | 10,910 |  |  | - |  |  | -
Middle market |  | 229,941 |  |  | 196,058 |  |  | 4,749 |  |  | 29,134 |  |  | - |  |  | -
Retail |  | 246,067 |  |  | 215,121 |  |  | 8,058 |  |  | 22,888 |  |  | - |  |  | -
Floor plan |  | 3,998 |  |  | 2,678 |  |  | 1,320 |  |  | - |  |  | - |  |  | -
Real estate |  | 17,556 |  |  | 17,556 |  |  | - |  |  | - |  |  | - |  |  | -
|  | 777,754 |  |  | 665,664 |  |  | 47,221 |  |  | 64,869 |  |  | - |  |  | -
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | 170,015 |  |  | 157,683 |  |  | 12,332 |  |  | - |  |  | - |  |  | -
Institutional |  | 125,591 |  |  | 125,591 |  |  | - |  |  | - |  |  | - |  |  | -
Middle market |  | 85,363 |  |  | 71,222 |  |  | 6,386 |  |  | 7,755 |  |  | - |  |  | -
Retail |  | 113,252 |  |  | 109,477 |  |  | 562 |  |  | 3,213 |  |  | - |  |  | -
Floor plan |  | 35,286 |  |  | 32,165 |  |  | 3,070 |  |  | 51 |  |  | - |  |  | -
|  | 529,507 |  |  | 496,138 |  |  | 22,350 |  |  | 11,019 |  |  | - |  |  | -
Total |  | 1,307,261 |  |  | 1,161,802 |  |  | 69,571 |  |  | 75,888 |  |  | - |  |  | -
Commercial - acquired loans (under ASC 310-20) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 119 |  |  | - |  |  | - |  |  | 119 |  |  | - |  |  | -
Floor plan |  | 1,321 |  |  | 393 |  |  | - |  |  | 928 |  |  | - |  |  | -
|  | 1,440 |  |  | 393 |  |  | - |  |  | 1,047 |  |  | - |  |  | -
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 2,938 |  |  | 2,933 |  |  | - |  |  | 5 |  |  | - |  |  | -
Floor plan |  | 2 |  |  | - |  |  | - |  |  | 2 |  |  | - |  |  | -
|  | 2,940 |  |  | 2,933 |  |  | - |  |  | 7 |  |  | - |  |  | -
Total |  | 4,380 |  |  | 3,326 |  |  | - |  |  | 1,054 |  |  | - |  |  | -
| December 31, 2017
| Risk Ratings
| Balance |  |  |  |  | Special |  |  |  |  |  |  |  |
| Outstanding |  | Pass |  | Mention |  | Substandard |  | Doubtful |  | Loss
| (In thousands)
Retail - originated and other loans held for investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Traditional |  | 553,533 |  |  | 516,770 |  |  | - |  |  | 36,763 |  |  | - |  |  | -
Non-traditional |  | 18,270 |  |  | 14,727 |  |  | - |  |  | 3,543 |  |  | - |  |  | -
Loss mitigation program |  | 103,280 |  |  | 84,357 |  |  | - |  |  | 18,923 |  |  | - |  |  | -
Home equity secured personal loans |  | 256 |  |  | 256 |  |  | - |  |  | - |  |  | - |  |  | -
GNMA's buy-back option program |  | 8,268 |  |  | - |  |  | - |  |  | 8,268 |  |  | - |  |  | -
|  | 683,607 |  |  | 616,110 |  |  | - |  |  | 67,497 |  |  | - |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 28,430 |  |  | 27,203 |  |  | - |  |  | 1,227 |  |  | - |  |  | -
Overdrafts |  | 214 |  |  | 158 |  |  | - |  |  | 56 |  |  | - |  |  | -
Unsecured personal lines of credit |  | 2,220 |  |  | 2,133 |  |  | - |  |  | 87 |  |  | - |  |  | -
Unsecured personal loans |  | 284,477 |  |  | 284,255 |  |  | - |  |  | 222 |  |  | - |  |  | -
Cash collateral personal loans |  | 14,698 |  |  | 14,386 |  |  | - |  |  | 312 |  |  | - |  |  | -
|  | 330,039 |  |  | 328,135 |  |  | - |  |  | 1,904 |  |  | - |  |  | -
Auto and Leasing |  | 883,985 |  |  | 879,753 |  |  | - |  |  | 4,232 |  |  | - |  |  | -
Total |  | 1,897,631 |  |  | 1,823,998 |  |  | - |  |  | 73,633 |  |  | - |  |  | -
Retail - acquired loans (under ASC 310-20) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 26,467 |  |  | 25,156 |  |  | - |  |  | 1,311 |  |  | - |  |  | -
Personal loans |  | 2,448 |  |  | 2,402 |  |  | - |  |  | 46 |  |  | - |  |  | -
|  | 28,915 |  |  | 27,558 |  |  | - |  |  | 1,357 |  |  | - |  |  | -
Auto |  | 21,969 |  |  | 21,790 |  |  | - |  |  | 179 |  |  | - |  |  | -
Total |  | 50,884 |  |  | 49,348 |  |  | - |  |  | 1,536 |  |  | - |  |  | -
| $ | 3,260,156 |  | $ | 3,038,474 |  | $ | 69,571 |  | $ | 152,111 |  | $ | - |  | $ | -

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