XML 27 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
Foreclosed Real Estate
 9 Months Ended
Sep. 30, 2018
Other Real Estate [Abstract]  
Real Estate Owned Text Block

NOTE 8 — FORECLOSED REAL ESTATE

The following tables present the activity related to foreclosed real estate for the quarters and nine-months periods ended September 30, 2018 and 2017:

Quarter Ended September 30, 2018
Originated and other loans and leases held for investmentAcquired BBVAPR loansAcquired Eurobank loansTotal
(In thousands)
Balance at beginning of period$12,186$17,492$10,873$40,551
Decline in value(359)(244)(302)(905)
Additions1,5472,4769284,951
Sales (3,080)(2,680)(969)(6,729)
Balance at end of period$10,294$17,044$10,530$37,868
Quarter Ended September 30, 2017
Originated and other loans and leases held for investmentAcquired BBVAPR loansAcquired Eurobank loansTotal
(In thousands)
Balance at beginning of period $15,842$21,671$12,710$50,223
Decline in value(592)(680)(340)(1,612)
Additions 1,4822,1226654,269
Sales(1,996)(2,410)(1,108)(5,514)
Other adjustments (59)(32)-(91)
Balance at end of period$14,677$20,671$11,927$47,275

Nine-Month Period Ended September 30, 2018
Originated and other loans and leases held for investmentAcquired BBVAPR loansAcquired Eurobank loansTotal
(In thousands)
Balance at beginning of period$14,283$18,347$11,544$44,174
Decline in value(1,017)(1,758)(1,054)(3,829)
Additions4,8167,4012,86815,085
Sales (7,788)(6,946)(2,828)(17,562)
Balance at end of period$10,294$17,044$10,530$37,868
Nine-Month Period Ended September 30, 2017
Originated and other loans and leases held for investmentAcquired BBVAPR loansAcquired Eurobank loansTotal
(In thousands)
Balance at beginning of period$12,389$21,379$13,752$47,520
Decline in value(1,672)(2,309)(1,610)(5,591)
Additions9,3389,2102,59721,145
Sales (5,235)(7,464)(2,812)(15,511)
Other adjustments(143)(145)-(288)
Balance at end of period$14,677$20,671$11,927$47,275

After hurricanes Irma and Maria in September 2017, management evaluated the potential impact these events brought to Oriental’s foreclosed real estate, considering the related underlying insurance coverage. Oriental has performed property inspections and taking into consideration all available information, the fair value of these properties was not materially impacted.