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Investments Securities (Tables) | 9 Months Ended
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Sep. 30, 2018
Investments [Abstract] |
Investment Table Text Block |
| September 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 | $ | 586,097 |  | $ | 20 |  | $ | 15,799 |  | $ | 570,318 |  | 2.59%
GNMA certificates |  | 202,585 |  |  | 300 |  |  | 5,431 |  |  | 197,454 |  | 3.06%
CMOs issued by US government-sponsored agencies |  | 69,960 |  |  | - |  |  | 3,194 |  |  | 66,766 |  | 1.90%
Total mortgage-backed securities |  | 858,642 |  |  | 320 |  |  | 24,424 |  |  | 834,538 |  | 2.64%
Investment securities |  |  |  |  |  |  |  |  |  |  |  |  |
US Treasury securities |  | 10,617 |  |  | - |  |  | 157 |  |  | 10,460 |  | 1.32%
Obligations of US government-sponsored agencies |  | 2,484 |  |  | - |  |  | 89 |  |  | 2,395 |  | 1.38%
Other debt securities |  | 1,152 |  |  | 7 |  |  | - |  |  | 1,159 |  | 2.99%
Total investment securities |  | 14,253 |  |  | 7 |  |  | 246 |  |  | 14,014 |  | 1.46%
Total securities available for sale | $ | 872,895 |  | $ | 327 |  | $ | 24,670 |  | $ | 848,552 |  | 2.62%
Held-to-maturity |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |  |  |  |
FNMA and FHLMC certificates | $ | 444,679 |  | $ | - |  | $ | 19,613 |  | $ | 425,066 |  | 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%
| September 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 | $ | 4,241 |  | $ | 4,142 |  | $ | - |  | $ | -
Total due from 1 to 5 years |  | 4,241 |  |  | 4,142 |  |  | - |  |  | -
Due after 5 to 10 years |  |  |  |  |  |  |  |  |  |  |
CMOs issued by US government-sponsored agencies | $ | 61,590 |  | $ | 58,617 |  | $ | - |  | $ | -
FNMA and FHLMC certificates |  | 235,031 |  |  | 228,438 |  |  | - |  |  | -
Total due after 5 to 10 years |  | 296,621 |  |  | 287,055 |  |  | - |  |  | -
Due after 10 years |  |  |  |  |  |  |  |  |  |  |
FNMA and FHLMC certificates | $ | 346,825 |  | $ | 337,738 |  | $ | 444,679 |  | $ | 425,066
GNMA certificates |  | 202,585 |  |  | 197,454 |  |  | - |  |  | -
CMOs issued by US government-sponsored agencies |  | 8,370 |  |  | 8,149 |  |  | - |  |  | -
Total due after 10 years |  | 557,780 |  |  | 543,341 |  |  | 444,679 |  |  | 425,066
Total mortgage-backed securities |  | 858,642 |  |  | 834,538 |  |  | 444,679 |  |  | 425,066
Investment securities |  |  |  |  |  |  |  |  |  |  |
Due less than one year |  |  |  |  |  |  |  |  |  |  |
US Treasury securities | $ | 646 |  | $ | 645 |  | $ | - |  | $ | -
Total due in less than one year |  | 646 |  |  | 645 |  |  | - |  |  | -
Due from 1 to 5 years |  |  |  |  |  |  |  |  |  |  |
US Treasury securities | $ | 9,971 |  | $ | 9,815 |  | $ | - |  | $ | -
Obligations of US government and sponsored agencies |  | 2,484 |  |  | 2,395 |  |  | - |  |  | -
Total due from 1 to 5 years |  | 12,455 |  |  | 12,210 |  |  | - |  |  | -
Due from 5 to 10 years |  |  |  |  |  |  |  |  |  |  |
Other debt securities |  | 1,152 |  |  | 1,159 |  |  | - |  |  | -
Total due after 5 to 10 years |  | 1,152 |  |  | 1,159 |  |  | - |  |  | -
Total investment securities |  | 14,253 |  |  | 14,014 |  |  | - |  |  | -
Total | $ | 872,895 |  | $ | 848,552 |  | $ | 444,679 |  | $ | 425,066
Realized Gain Loss On Investments Table Text Block |
| Nine-Month Period Ended September 30, 2018
|  |  | Book Value |  |  |  |
Description | Sale Price |  | at Sale |  | Gross Gains |  | Gross Losses
| (In thousands)
Sale of securities available-for-sale |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |  |
GNMA certificates | $ | 14,746 |  | $ | 14,746 |  | $ | - |  | $ | -
Total | $ | 14,746 |  | $ | 14,746 |  | $ | - |  | $ | -
| Nine-Month Period Ended September 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 |  | 84,202 |  |  | 84,085 |  |  | 117 |  |  | -
Total mortgage-backed securities | $ | 256,996 |  | $ | 250,100 |  | $ | 6,896 |  | $ | -
Unrealized Gain Loss On Investments Table Text Block |
| September 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 | $ | 68,960 |  | $ | 3,174 |  | $ | 65,786
FNMA and FHLMC certificates |  | 160,420 |  |  | 7,451 |  |  | 152,969
Obligations of US Government and sponsored agencies |  | 2,484 |  |  | 89 |  |  | 2,395
GNMA certificates |  | 28,296 |  |  | 1,606 |  |  | 26,690
US Treasury Securities |  | 9,971 |  |  | 157 |  |  | 9,814
| $ | 270,131 |  | $ | 12,477 |  | $ | 257,654
Securities held to maturity |  |  |  |  |  |  |  |
FNMA and FHLMC certificates | $ | 381,941 |  | $ | 17,619 |  | $ | 364,322
| Less than 12 months
| Amortized |  | Unrealized |  | Fair
| Cost |  | Loss |  | Value
| (In thousands)
Securities available-for-sale |  |  |  |  |  |  |  |
CMOs issued by US government-sponsored agencies | $ | 1,000 |  | $ | 20 |  | $ | 980
FNMA and FHLMC certificates |  | 425,094 |  |  | 8,348 |  |  | 416,746
GNMA certificates |  | 145,438 |  |  | 3,825 |  |  | 141,613
US Treasury Securities |  | 646 |  |  | - |  |  | 646
| $ | 572,178 |  | $ | 12,193 |  | $ | 559,985
Securities held-to-maturity |  |  |  |  |  |  |  |
FNMA and FHLMC Certificates | $ | 62,738 |  | $ | 1,994 |  | $ | 60,744
| Total
| Amortized |  | Unrealized |  | Fair
| Cost |  | Loss |  | Value
| (In thousands)
Securities available-for-sale |  |  |  |  |  |  |  |
CMOs issued by US government-sponsored agencies | $ | 69,960 |  | $ | 3,194 |  | $ | 66,766
FNMA and FHLMC certificates |  | 585,514 |  |  | 15,799 |  |  | 569,715
Obligations of US government and sponsored agencies |  | 2,484 |  |  | 89 |  |  | 2,395
GNMA certificates |  | 173,734 |  |  | 5,431 |  |  | 168,303
US Treausury Securities |  | 10,617 |  |  | 157 |  |  | 10,460
| $ | 842,309 |  | $ | 24,670 |  | $ | 817,639
Securities held-to-maturity |  |  |  |  |  |  |  |
FNMA and FHLMC certificates | $ | 444,679 |  | $ | 19,613 |  | $ | 425,066
| 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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