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Investments Securities (Tables)

12 Months Ended

Dec. 31, 2018

Investments [Abstract]

Investment [Table Text Block]

	December 31, 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	$	561,878		$	404		$	8,951		$	553,331		2.59%
GNMA certificates		211,947			1,050			2,827			210,170		3.10%
CMOs issued by US government-sponsored agencies		66,230			-			2,166			64,064		1.90%
Total mortgage-backed securities		840,055			1,454			13,944			827,565		2.66%
Investment securities
US Treasury securities		10,924			-			119			10,805		1.36%
Obligations of US government-sponsored agencies		2,325			-			60			2,265		1.38%
Other debt securities		1,207			15			-			1,222		2.99%
Total investment securities		14,456			15			179			14,292		1.50%
Total securities available for sale	$	854,511		$	1,469		$	14,123		$	841,857		2.64%
Held-to-maturity
Mortgage-backed securities
FNMA and FHLMC certificates	$	424,740		$	-		$	14,387		$	410,353		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%

	December 31, 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	$	3,617		$	3,570		$	-		$	-
Total due from 1 to 5 years		3,617			3,570			-			-
Due after 5 to 10 years
CMOs issued by US government-sponsored agencies	$	58,221		$	56,202		$	-		$	-
FNMA and FHLMC certificates		253,447			249,808			-			-
Total due after 5 to 10 years		311,668			306,010			-			-
Due after 10 years
FNMA and FHLMC certificates	$	304,814		$	299,953		$	424,740		$	410,353
GNMA certificates		211,947			210,170			-			-
CMOs issued by US government-sponsored agencies		8,009			7,862			-			-
Total due after 10 years		524,770			517,985			424,740			410,353
Total mortgage-backed securities		840,055			827,565			424,740			410,353
Investment securities
Due less than one year
US Treasury securities	$	10,924		$	10,805		$	-		$	-
Total due in less than one year		10,924			10,805			-			-
Due from 1 to 5 years
Obligations of US government-sponsored agencies	$	2,325		$	2,265		$	-		$	-
Other debt securities		100			100			-			-
Total due from 1 to 5 years		2,425			2,365			-			-
Due from 5 to 10 years
Other debt securities		1,107			1,122			-			-
Total due after 5 to 10 years		1,107			1,122			-			-
Total investment securities		14,456			14,292			-			-
Total	$	854,511		$	841,857		$	424,740		$	410,353

Realized Gain Loss On Investments [Table Text Block]

	Year Ended December 31, 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	$	17,837		$	17,837		$	-		$	-
Total	$	17,837		$	17,837		$	-		$	-

	Year Ended December 31, 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		$	-
	Year Ended December 31, 2016
				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	$	293,505		$	277,181		$	16,324		$	-
Investment securities
Obligations of PR government and public instrumentalities		6,978			11,095			-			4,117
Total mortgage-backed securities	$	300,483		$	288,276		$	16,324		$	4,117

Unrealized Gain Loss On Investments [Table Text Block]

	December 31, 2018
	12 months or more
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
CMOs issued by US Government-sponsored agencies	$	66,230		$	2,166		$	64,064
FNMA and FHLMC certificates		357,955			8,603			349,352
Obligations of US Government and sponsored agencies		2,325			60			2,265
GNMA certificates		131,044			2,739			128,305
US Treasury Securities		9,977			119			9,858
	$	567,531		$	13,687		$	553,844
Securities held to maturity
FNMA and FHLMC certificates	$	424,740		$	14,387		$	410,353
	Less than 12 months
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
FNMA and FHLMC certificates		109,772			348			109,424
GNMA certificates		17,126			88			17,038
US Treasury Securities		323			-			323
	$	127,221		$	436		$	126,785
	Total
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
CMOs issued by US government-sponsored agencies	$	66,230		$	2,166		$	64,064
FNMA and FHLMC certificates		467,727			8,951			458,776
Obligations of US government and sponsored agencies		2,325			60			2,265
GNMA certificates		148,170			2,827			145,343
US Treausury Securities		10,300			119			10,181
	$	694,752		$	14,123		$	680,629
Securities held-to-maturity
FNMA and FHLMC certificates	$	424,740		$	14,387		$	410,353

	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 held to maturity
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

Other Than Temporary Impairment Credit Losses Recognized In Earnings [Table Text Block]

		Year Ended December 31,
		2018			2017			2016
		(In thousands)
Balance at beginning of year		$	-		$	-		$	1,490
Reductions for securities sold during the period (realized)			-			-			(1,490)
Additions from credit losses recognized on available-for-sale securities that had no previous impairment losses			-			-			-
Balance at end of year		$	-		$	-		$	-

X

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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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Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27340-111563

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