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Investments Securities (Tables)

9 Months Ended

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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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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