Pledged Assets

12 Months Ended

Dec. 31, 2019

Pledged Assets And Servicing Assets[Abstract]

NOTE 5 - PLEDGED ASSETS

The following table shows a summary of pledged and not pledged assets at December 31, 2019 and 2018. 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,
	2019		2018
	(In thousands)
Pledged investment securities to secure:
Securities sold under agreements to repurchase	$	204,068	$	487,181
Derivatives		1,775		423
Bond for the Bank's trust operations		323		322
Puerto Rico public fund deposits		191,908		141,162
Total pledged investment securities		398,074		629,088
Pledged residential mortgage loans to secure:
Advances from the Federal Home Loan Bank		803,317		880,591
Pledged commercial loans to secure:
Advances from the Federal Home Loan Bank		518,473		275,451
Federal Reserve Bank Credit Facility		45,175		651
Puerto Rico public fund deposits		129,152		140,123
		692,800		416,225
Pledged auto loans and leases to secure:		1,182,272		-
Total pledged assets	$	3,076,463	$	1,925,904
Financial assets not pledged:
Investment securities	$	676,095	$	637,509
Residential mortgage loans		1,706,981		354,868
Commercial loans		1,529,642		1,414,054
Consumer loans		504,437		373,814
Auto loans and leases		329,972		1,148,535
Total assets not pledged	$	4,747,127	$	3,928,780