Pledged Assets

12 Months Ended

Dec. 31, 2018

Pledged and Servicing Assets [Abstract]

NOTE 5 - PLEDGED ASSETS

The following table shows a summary of pledged and not pledged assets at December 31, 2018 and 2017. Investment securities available for sale are presented at fair value, and investment securities held-to-maturity, residential mortgage loans, commercial loans and leases are presented at amortized cost:

	December 31,
	2018		2017
	(In thousands)
Pledged investment securities to secure:
Securities sold under agreements to repurchase	$	487,181	$	205,484
Derivatives		423		1,478
Bond for the Bank's trust operations		322		341
Puerto Rico public fund deposits		141,162		22,948
Total pledged investment securities		629,088		230,251
Pledged residential mortgage loans to secure:
Advances from the Federal Home Loan Bank		880,591		971,772
Pledged commercial loans to secure:
Advances from the Federal Home Loan Bank		275,451		305,346
Federal Reserve Bank Credit Facility		651		993
Puerto Rico public fund deposits		140,123		150,036
		416,225		456,375
Total pledged assets	$	1,925,904	$	1,658,398
Financial assets not pledged:
Investment securities	$	637,509	$	921,610
Residential mortgage loans		354,868		325,698
Commercial loans		1,414,054		1,152,151
Consumer loans		373,814		361,497
Auto loans and leases		1,148,535		949,650
Total assets not pledged	$	3,928,780	$	3,710,606