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v3.20.1

Loans | 3 Months Ended
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Mar. 31, 2020
Loans [Abstract] |
Loans | NOTE 5 - LOANS On January 1, 2020, Oriental adopted ASU 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which replaces the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (CECL) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables. Oriental’s loan portfolio is composed of four segments, commercial, mortgage, consumer, and auto. Loans are further segregated into classes which Oriental uses when assessing and monitoring the risk and performance of the portfolio. The composition of the amortized cost basis of Oriental’s loan portfolio at March 31, 2020 was as follows:
|  | March 31, 2020
|  | Non-PCD |  | PCD |  | Total
|  | (In thousands)
Commercial loans: |  |  |  |  |  |  |  |  |
Commercial secured by real estate |  | $ | 854,187 |  | $ | 261,066 |  | $ | 1,115,253
Other commercial and industrial |  |  | 743,975 |  |  | 130,092 |  |  | 874,067
US Loan Program |  |  | 312,031 |  |  | - |  |  | 312,031
|  |  | 1,910,193 |  |  | 391,158 |  |  | 2,301,351
Mortgage |  |  | 887,982 |  |  | 1,561,558 |  |  | 2,449,540
Consumer |  |  |  |  |  |  |  |  |
Personal loans |  |  | 358,253 |  |  | 2,807 |  |  | 361,060
Credit lines |  |  | 51,379 |  |  | 539 |  |  | 51,918
Credit cards |  |  | 71,875 |  |  | - |  |  | 71,875
Overdraft |  |  | 203 |  |  | - |  |  | 203
Auto |  |  | 1,487,701 |  |  | 42,466 |  |  | 1,530,167
|  |  | 1,969,411 |  |  | 45,812 |  |  | 2,015,223
|  |  | 4,767,586 |  |  | 1,998,528 |  |  | 6,766,114
Allowance for credit losses |  |  | (149,961) |  |  | (80,794) |  |  | (230,755)
Total loans held for investment |  |  | 4,617,625 |  |  | 1,917,734 |  |  | 6,535,359
Mortgage loans held for sale |  |  | 5,815 |  |  | - |  |  | 5,815
Total loans, net |  | $ | 4,623,440 |  | $ | 1,917,734 |  | $ | 6,541,174
At March 31, 2020, and December 31, 2019, Oriental had a carrying balance of $157.4 million and $134.0 million, respectively, in current status, in loans held for investment granted to the Puerto Rico government, including its instrumentalities, public corporations and municipalities, as part of the institutional commercial loan segment. All loans granted to the Puerto Rico government are general obligations of municipalities secured by ad valorem taxation, without limitation as to rate or amount, on all taxable property within the issuing municipalities. The good faith, credit and unlimited taxing power of each issuing municipality are pledged for the payment of its general obligations.The tables below present the aging of the amortized cost of loans held for investment at March 31, 2020, by class of loans. Mortgage loans past due include delinquent loans in the GNMA buy-back option program. Servicers of loans underlying GNMA mortgage-backed securities must report as their own assets the defaulted loans that they have the option (but not the obligation) to repurchase, even when they elect not to exercise that option.
| March 31, 2020
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans 90+
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Days Past
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Due and
| 30-59 Days |  | 60-89 Days |  | 90+ Days |  | Total Past |  |  |  |  |  | Still
| Past Due |  | Past Due |  | Past Due |  | Due |  | Current |  | Total Loans |  | Accruing
| (In thousands)
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate | $ | 2,620 |  | $ | 1,174 |  | $ | 22,718 |  | $ | 26,512 |  | $ | 827,675 |  | $ | 854,187 |  | $ | -
Other commercial and industrial |  | 1,904 |  |  | 376 |  |  | 4,951 |  |  | 7,231 |  |  | 736,744 |  |  | 743,975 |  |  | -
US Loan Program |  | - |  |  | - |  |  | - |  |  | - |  |  | 312,031 |  |  | 312,031 |  |  | -
|  | 4,524 |  |  | 1,550 |  |  | 27,669 |  |  | 33,743 |  |  | 1,876,450 |  |  | 1,910,193 |  |  | -
Mortgage |  | 4,770 |  |  | 15,748 |  |  | 101,570 |  |  | 122,088 |  |  | 765,894 |  |  | 887,982 |  |  | 2,794
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personal loans |  | 6,397 |  |  | 2,947 |  |  | 1,815 |  |  | 11,159 |  |  | 347,094 |  |  | 358,253 |  |  | -
Credit lines |  | 953 |  |  | 209 |  |  | 547 |  |  | 1,709 |  |  | 49,670 |  |  | 51,379 |  |  | -
Credit cards |  | 1,809 |  |  | 763 |  |  | 1,317 |  |  | 3,889 |  |  | 67,986 |  |  | 71,875 |  |  | -
Overdraft |  | 42 |  |  | 7 |  |  | - |  |  | 49 |  |  | 154 |  |  | 203 |  |  | -
Auto |  | 65,502 |  |  | 45,457 |  |  | 20,756 |  |  | 131,715 |  |  | 1,355,986 |  |  | 1,487,701 |  |  | -
|  | 74,703 |  |  | 49,383 |  |  | 24,435 |  |  | 148,521 |  |  | 1,820,890 |  |  | 1,969,411 |  |  | -
Total loans | $ | 83,997 |  | $ | 66,681 |  | $ | 153,674 |  | $ | 304,352 |  | $ | 4,463,234 |  | $ | 4,767,586 |  | $ | 2,794
Upon adoption of CECL, Oriental elected to maintain pools of loans that were previously accounted for under ASC 310-30 and will continue to account for these pools as a unit of account. As such, PCD loans are not included in the table above.
| December 31, 2019
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans 90+
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Days Past
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Due and
| 30-59 Days |  | 60-89 Days |  | 90+ Days |  | Total Past |  |  |  |  |  | Still
| Past Due |  | Past Due |  | Past Due |  | Due |  | Current |  | Total Loans |  | Accruing
| (In thousands)
Originated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate | $ | 869 |  | $ | 867 |  | $ | 15,047 |  | $ | 16,783 |  | $ | 814,257 |  | $ | 831,040 |  | $ | -
Other commercial and industrial |  | 7,513 |  |  | 340 |  |  | 1,895 |  |  | 9,748 |  |  | 554,111 |  |  | 563,859 |  |  | -
US Loan Program |  | - |  |  | - |  |  | - |  |  | - |  |  | 272,595 |  |  | 272,595 |  |  | -
|  | 8,382 |  |  | 1,207 |  |  | 16,942 |  |  | 26,531 |  |  | 1,640,963 |  |  | 1,667,494 |  |  | -
Mortgage |  | 9,285 |  |  | 12,538 |  |  | 29,733 |  |  | 51,556 |  |  | 525,860 |  |  | 577,416 |  |  | 2,418
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personal loans |  | 4,945 |  |  | 2,095 |  |  | 1,556 |  |  | 8,596 |  |  | 323,434 |  |  | 332,030 |  |  | -
Credit lines |  | 153 |  |  | - |  |  | 9 |  |  | 162 |  |  | 1,616 |  |  | 1,778 |  |  | -
Credit cards |  | 800 |  |  | 243 |  |  | 546 |  |  | 1,589 |  |  | 26,025 |  |  | 27,614 |  |  | -
Overdraft |  | 51 |  |  | - |  |  | - |  |  | 51 |  |  | 165 |  |  | 216 |  |  | -
Auto |  | 72,211 |  |  | 31,351 |  |  | 14,225 |  |  | 117,787 |  |  | 1,159,945 |  |  | 1,277,732 |  |  | -
|  | 78,160 |  |  | 33,689 |  |  | 16,336 |  |  | 128,185 |  |  | 1,511,185 |  |  | 1,639,370 |  |  | -
Total originated loans | $ | 95,827 |  | $ | 47,434 |  | $ | 63,011 |  | $ | 206,272 |  | $ | 3,678,008 |  | $ | 3,884,280 |  | $ | 2,418
Acquired Scotiabank Non-PCI: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate | $ | 125 |  | $ | 79 |  | $ | 1,684 |  | $ | 1,888 |  | $ | 32,993 |  | $ | 34,881 |  | $ | -
Other commercial and industrial |  | 23 |  |  | 13 |  |  | 795 |  |  | 831 |  |  | 157,480 |  |  | 158,311 |  |  | -
|  | 148 |  |  | 92 |  |  | 2,479 |  |  | 2,719 |  |  | 190,473 |  |  | 193,192 |  |  | -
Mortgage |  | - |  |  | 567 |  |  | 64,376 |  |  | 64,943 |  |  | 257,236 |  |  | 322,179 |  |  | -
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personal loans |  | 11 |  |  | 28 |  |  | 1 |  |  | 40 |  |  | 33,107 |  |  | 33,147 |  |  | -
Credit lines |  | 380 |  |  | 20 |  |  | 212 |  |  | 612 |  |  | 50,224 |  |  | 50,836 |  |  | -
Credit cards |  | 161 |  |  | 75 |  |  | - |  |  | 236 |  |  | 28,538 |  |  | 28,774 |  |  | -
Auto |  | 105 |  |  | 40 |  |  | 15 |  |  | 160 |  |  | 190,855 |  |  | 191,015 |  |  | -
|  | 657 |  |  | 163 |  |  | 228 |  |  | 1,048 |  |  | 302,724 |  |  | 303,772 |  |  | -
Total acquired Scotiabank non-PCI loans | $ | 805 |  | $ | 822 |  | $ | 67,083 |  | $ | 68,710 |  | $ | 750,433 |  | $ | 819,143 |  | $ | -
Acquired BBVAPR Non-PCI: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate | $ | - |  | $ | - |  | $ | 764 |  | $ | 764 |  | $ | 21 |  | $ | 785 |  | $ | -
Other commercial and industrial |  | 48 |  |  | 18 |  |  | 26 |  |  | 92 |  |  | 1,264 |  |  | 1,356 |  |  | -
|  | 48 |  |  | 18 |  |  | 790 |  |  | 856 |  |  | 1,285 |  |  | 2,141 |  |  | -
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personal loans |  | 22 |  |  | - |  |  | 22 |  |  | 44 |  |  | 1,936 |  |  | 1,980 |  |  | -
Credit cards |  | 477 |  |  | 99 |  |  | 350 |  |  | 926 |  |  | 17,888 |  |  | 18,814 |  |  | -
Auto |  | 20 |  |  | 21 |  |  | 30 |  |  | 71 |  |  | 64 |  |  | 135 |  |  | -
|  | 519 |  |  | 120 |  |  | 402 |  |  | 1,041 |  |  | 19,888 |  |  | 20,929 |  |  | -
Total acquired BBVAPR non-PCI loans |  | 567 |  |  | 138 |  |  | 1,192 |  |  | 1,897 |  |  | 21,173 |  |  | 23,070 |  |  | -
Total non-PCI loans | $ | 97,199 |  | $ | 48,394 |  | $ | 131,286 |  | $ | 276,879 |  | $ | 4,449,614 |  | $ | 4,726,493 |  | $ | 2,418
Before CECL implementation, certain acquired loans from the Scotiabank PR & USVI, BBVAPR and Eurobank acquisitions were accounted for by Oriental in accordance with ASC 310-30.The carrying amount corresponding to acquired loans with deteriorated credit quality, including those accounted under ASC 310-30 by analogy, in the statements of financial condition at December 31, 2019 was as follows:
| December 31, 2019
|  | Scotiabank PR & USVI |  |  | BBVAPR |  |  | Eurobank
| (In thousands)
Contractual required payments receivable: | $ | 2,147,249 |  | $ | 1,086,367 |  | $ | 117,107
Less: Non-accretable discount |  | 294,424 |  |  | 340,466 |  |  | 4,285
Cash expected to be collected |  | 1,852,825 |  |  | 745,901 |  |  | 112,822
Less: Accretable yield |  | 458,885 |  |  | 214,886 |  |  | 34,441
Carrying amount, gross |  | 1,393,940 |  |  | 531,015 |  |  | 78,381
Less: allowance for loan and lease losses |  | - |  |  | 17,036 |  |  | 14,458
Carrying amount, net | $ | 1,393,940 |  | $ | 513,979 |  | $ | 63,923
The following table describes the accretable yield and non-accretable discount activity of acquired BBVAPR loans accounted for under ASC 310-30 for the quarter ended March 31, 2019:
| Quarter Ended March 31, 2019
| Mortgage |  | Commercial |  | Auto |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 232,199 |  | $ | 36,508 |  | $ | 243 |  | $ | 560 |  | $ | 269,510
Accretion |  | (6,350) |  |  | (2,656) |  |  | (216) |  |  | (298) |  |  | (9,520)
Change in expected cash flows |  | - |  |  | 3,265 |  |  | 3 |  |  | 298 |  |  | 3,566
Transfer from (to) non-accretable discount |  | 1,058 |  |  | 262 |  |  | 150 |  |  | (133) |  |  | 1,337
Balance at end of period | $ | 226,907 |  | $ | 37,379 |  | $ | 180 |  | $ | 427 |  | $ | 264,893
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 291,887 |  | $ | 10,346 |  | $ | 24,245 |  | $ | 18,945 |  | $ | 345,423
Change in actual and expected losses |  | (729) |  |  | (173) |  |  | (39) |  |  | (243) |  |  | (1,184)
Transfer (to) from accretable yield |  | (1,058) |  |  | (262) |  |  | (150) |  |  | 133 |  |  | (1,337)
Balance at end of period | $ | 290,100 |  | $ | 9,911 |  | $ | 24,056 |  | $ | 18,835 |  | $ | 342,902
The following table describes the accretable yield and non-accretable discount activity of acquired Eurobank loans for the quarter ended March 31, 2019:
| Quarter Ended March 31, 2019
| Mortgage |  | Commercial |  | Leasing |  | Consumer |  | Total
| (In thousands)
Accretable Yield Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 38,389 |  | $ | 3,310 |  |  | - |  | $ | - |  | $ | 41,699
Accretion |  | (1,351) |  |  | (1,165) |  |  | (12) |  |  | (46) |  |  | (2,574)
Change in expected cash flows |  | (423) |  |  | (44) |  |  | (31) |  |  | 87 |  |  | (411)
Transfer from (to) non-accretable discount |  | 407 |  |  | 159 |  |  | 43 |  |  | (41) |  |  | 568
Balance at end of period | $ | 37,022 |  | $ | 2,260 |  | $ | - |  | $ | - |  | $ | 39,282
Non-Accretable Discount Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 2,826 |  | $ | - |  | $ | - |  | $ | 133 |  | $ | 2,959
Change in actual and expected losses |  | 7 |  |  | 159 |  |  | 43 |  |  | (58) |  |  | 151
Transfer (to) from accretable yield |  | (407) |  |  | (159) |  |  | (43) |  |  | 41 |  |  | (568)
Balance at end of period | $ | 2,426 |  | $ | - |  | $ | - |  | $ | 116 |  | $ | 2,542
Non-accrual Loans The following table presents the amortized cost basis of loans on nonaccrual status as of March 31, 2020:
| March 31, 2020
| Nonaccrual with |  | Nonaccrual with no
| Allowance |  | Allowance
| for Credit Loss |  | for Credit Loss
| (In thousands)
Non-PCD: |  |  |  |  |
Commercial |  |  |  |  |
Commercial secured by real estate | $ | 18,473 |  | $ | 18,617
Other commercial and industrial |  | 2,349 |  |  | 3,229
|  | 20,822 |  |  | 21,846
Mortgage |  | 17,631 |  |  | 7,937
Consumer |  |  |  |  |
Personal loans |  | 1,504 |  |  | 315
Personal lines of credit |  | 552 |  |  | -
Credit cards |  | 1,319 |  |  | -
Auto and leasing |  | 21,147 |  |  | -
|  | 24,522 |  |  | 315
Total non-accrual loans | $ | 62,975 |  | $ | 30,098
PCD: |  |  |  |  |
Commercial |  |  |  |  |
Commercial secured by real estate | $ | 12,821 |  | $ | 3,150
Other commercial and industrial |  | 66,351 |  |  | 89
|  | 79,172 |  |  | 3,239
Mortgage |  | 1,341 |  |  | -
Consumer |  |  |  |  |
Personal loans |  | 10 |  |  | -
|  | 10 |  |  | -
Total non-accrual loans | $ | 80,523 |  | $ | 3,239
Upon adoption of CECL, Oriental elected to maintain pools of loans that were previously accounted for under ASC 310-30 and will continue to account for these pools as a unit of account. As such, for these loans the determination of nonaccrual or accrual status is made at the pool level, not the individual loan level. The following table presents the recorded investment in loans in non-accrual status by class of loans as of December 31, 2019:
| December 31,
| 2019
| (In thousands)
Originated and other loans and leases held for investment |  |
Commercial |  |
Commercial secured by real estate | $ | 30,034
Other commercial and industrial |  | 9,055
|  | 39,089
Mortgage |  | 18,735
Consumer |  |
Personal loans |  | 4,140
Personal lines of credit |  | 15
Credit cards |  | 546
Auto and leasing |  | 14,239
|  | 18,940
Total non-accrual originated loans | $ | 76,764
Acquired Scotiabank PR & USVI loans accounted for under ASC 310-20 |  |
Commercial |  |
Commercial secured by real estate | $ | 1,922
Other commercial and industrial |  | 805
|  | 2,727
Consumer |  |
Personal loans |  | 2
Personal lines of credit |  | 212
Auto |  | 26
|  | 240
Total non-accrual acquired Scotiabank PR & USVI loans accounted for under ASC 310-20 |  | 2,967
Acquired BBVAPR loans accounted for under ASC 310-20 |  |
Commercial |  |
Commercial secured by real estate | $ | 764
Other commercial and industrial |  | 26
|  | 790
Consumer |  |
Personal loans |  | 22
Credit cards |  | 350
Auto |  | 30
|  | 402
Total non-accrual acquired BBVAPR loans accounted for under ASC 310-20 |  | 1,192
Total non-accrual loans | $ | 80,923
Delinquent residential mortgage loans insured or guaranteed under applicable FHA and VA programs are classified as non-performing loans when they become 90 days or more past due but are not placed in non-accrual status until they become 12 months or more past due, since they are insured loans. Therefore, those loans are included as non-performing loans but excluded from non-accrual loans. At March 31, 2020 and December 31, 2019, loans whose terms have been extended and which were classified as troubled-debt restructurings that were not included in non-accrual loans amounted to $105.3 million and $103.7 million, respectively, as they were performing under their new terms. Impaired Loans Oriental evaluates all loans, some individually and others as homogeneous groups, for purposes of determining impairment. The total investment in impaired commercial loans that were individually evaluated for impairment at December 31, 2019 was $61.1 million. The impairments on these commercial loans were measured based on the fair value of collateral or the present value of cash flows, including those identified as troubled-debt restructurings. The allowance for loan and lease losses for these impaired commercial loans amounted to $8.2 million at December 31, 2019. The total investment in impaired mortgage loans that were individually evaluated for impairment was $71.2 million at December 31, 2019. Impairment on mortgage loans assessed as troubled-debt restructurings was measured using the present value of cash flows. The allowance for loan losses for these impaired mortgage loans amounted to $6.9 million at December 31, 2019. Originated and Other Loans and Leases Held for Investment Prior to the adoption of CECL, Oriental’s recorded investment in commercial and mortgage loans categorized as originated and other loans and leases held for investment that were individually evaluated for impairment and the related allowance for loan and lease losses at December 31, 2019 were as follows:
| December 31, 2019 |  |
| Unpaid |  | Recorded |  | Related |  |  |  |
| Principal |  | Investment |  | Allowance |  | Coverage |  |
| (In thousands) |  |
Impaired loans with specific allowance: |  |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 33,454 |  | $ | 28,555 |  | $ | 8,215 |  | 29% |  |
Residential impaired and troubled-debt restructuring |  | 78,666 |  |  | 71,196 |  |  | 6,874 |  | 10% |  |
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 39,109 |  |  | 31,895 |  |  | N/A |  | 0% |  |
Total investment in impaired loans | $ | 151,229 |  | $ | 131,646 |  | $ | 15,089 |  | 11% |  |
Acquired BBVAPR Loans Accounted for under ASC 310-20 (Loans with revolving feature and/or acquired at a premium) Prior to the adoption of CECL, Oriental’s recorded investment in acquired BBVAPR commercial loans accounted for under ASC 310-20 that were individually evaluated for impairment and the related allowance for loan and lease losses at December 31, 2019 were as follows:
| December 31, 2019
| Unpaid |  | Recorded |  | Related |  |
| Principal |  | Investment |  | Allowance |  | Coverage
| (In thousands)
Impaired loans with specific allowance |  |  |  |  |  |  |  |  |  |
Commercial | $ | 926 |  | $ | 678 |  | $ | 2 |  | 0%
Impaired loans with no specific allowance |  |  |  |  |  |  |  |  |  |
Commercial | $ | - |  | $ | - |  |  | N/A |  | 0%
Total investment in impaired loans | $ | 926 |  | $ | 678 |  | $ | 2 |  | 0%
Acquired BBVAPR Loans Accounted for under ASC 310-30 (including those accounted for under ASC 310-30 by analogy) Prior to the adoption of CECL, Oriental’s recorded investment in acquired BBVAPR loan pools accounted for under ASC 310-30 that have recorded impairments and their related allowance for loan and lease losses at December 31, 2019 were as follows:
| December 31, 2019
|  |  |  |  |  |  |  |  |  | Coverage
| Unpaid |  | Recorded |  |  |  | to Recorded
| Principal |  | Investment |  | Allowance |  | Investment
| (In thousands)
Impaired loan pools with specific allowance: |  |  |  |  |  |  |  |  |  |
Mortgage | $ | 400,964 |  | $ | 411,531 |  | $ | 9,376 |  | 2%
Commercial |  | 87,103 |  |  | 84,117 |  |  | 6,713 |  | 8%
Auto |  | 39,477 |  |  | 1,790 |  |  | 947 |  | 53%
Total investment in impaired loan pools | $ | 527,544 |  | $ | 497,438 |  | $ | 17,036 |  | 3%
The tables above only present information with respect to acquired BBVAPR loan pools accounted for under ASC 310-30 if there is a recorded impairment to such loan pools and a specific allowance for loan losses. Acquired Eurobank Loans Prior to the adoption of CECL, Oriental’s recorded investment in acquired Eurobank loan pools that have recorded impairments and their related allowance for loan and lease losses as of December 31, 2019 were as follows:
| December 31, 2019
|  |  |  |  |  |  |  |  |  | Coverage
| Unpaid |  | Recorded |  | Specific |  | to Recorded
| Principal |  | Investment |  | Allowance |  | Investment
| (In thousands)
Impaired loan pools with specific allowance |  |  |  |  |  |  |  |  |  |
Mortgage | $ | 53,090 |  | $ | 49,366 |  | $ | 12,278 |  | 25%
Commercial |  | 17,176 |  |  | 17,142 |  |  | 2,180 |  | 13%
Total investment in impaired loan pools | $ | 70,266 |  | $ | 66,508 |  | $ | 14,458 |  | 22%
The tables above only present information with respect to acquired Eurobank loan pools accounted for under ASC 310-30 if there was a recorded impairment to such loan pools and a specific allowance for loan losses. The following table presents the interest recognized in commercial and mortgage loans that were individually evaluated for impairment, which excludes loans accounted for under ASC 310-30, for the quarter ended March 31, 2019.
| Quarter Ended March 31,
| 2019
| Interest Income Recognized |  | Average Recorded Investment
| (In thousands)
Originated and other loans held for investment: |  |  |  |  |
Impaired loans with specific allowance |  |  |  |  |
Commercial | $ | 399 |  | $ | 50,890
Residential troubled-debt restructuring |  | 667 |  |  | 83,657
Impaired loans with no specific allowance |  |  |  |  |
Commercial |  | 305 |  |  | 32,246
|  | 1,371 |  |  | 166,793
Acquired loans accounted for under ASC 310-20: |  |  |  |  |
Impaired loans with specific allowance |  |  |  |  |
Commercial |  | - |  |  | 747
Total interest income from impaired loans | $ | 1,371 |  | $ | 167,540
Modifications The following tables present the troubled-debt restructurings in all loan portfolios during the quarters ended March 31, 2020, and 2019.
| Quarter Ended March 31, 2020
| Number of contracts |  | Pre-Modification Outstanding Recorded Investment |  | Pre-Modification Weighted Average Rate |  | Pre-Modification Weighted Average Term (in Months) |  | Post-Modification Outstanding Recorded Investment |  | Post-Modification Weighted Average Rate |  | Post-Modification Weighted Average Term (in Months)
| (Dollars in thousands)
Mortgage | 26 |  | $ | 3,093 |  | 5.14% |  | 359 |  | $ | 3,046 |  | 4.29% |  | 360
Commercial | 1 |  |  | 281 |  | 8.00% |  | 105 |  |  | 281 |  | 6.00% |  | 240
Consumer | 15 |  |  | 199 |  | 13.70% |  | 67 |  |  | 204 |  | 11.05% |  | 82
Auto | 1 |  |  | 14 |  | 18.95% |  | 60 |  |  | 17 |  | 13.95% |  | 84
| Quarter Ended March 31, 2019
| Number of contracts |  | Pre-Modification Outstanding Recorded Investment |  | Pre-Modification Weighted Average Rate |  | Pre-Modification Weighted Average Term (in Months) |  | Post-Modification Outstanding Recorded Investment |  | Post-Modification Weighted Average Rate |  | Post-Modification Weighted Average Term (in Months)
| (Dollars in thousands)
Mortgage | 38 |  | $ | 4,494 |  | 5.52% |  | 387 |  | $ | 4,242 |  | 4.60% |  | 353
Commercial | 1 |  |  | 7 |  | 11.50% |  | 36 |  |  | 7 |  | 11.50% |  | 24
Consumer | 71 |  |  | 963 |  | 15.20% |  | 65 |  |  | 967 |  | 11.86% |  | 73
Upon adoption of CECL, Oriental elected to maintain pools of loans that were previously accounted for under ASC 310-30 and will continue to account for these pools as a unit of account. As such, PCD loans are not included in the table above. The following table presents troubled-debt restructurings for which there was a payment default during the quarters ended March 31, 2020 and 2019:
| Twelve month Period Ended March 31,
| 2020 |  |  | 2019
| Number of Contracts |  | Recorded Investment |  |  | Number of Contracts |  | Recorded Investment
| (Dollars in thousands)
Mortgage | 26 |  | $ | 3,037 |  |  | 27 |  | $ | 3,011
Commercial | - |  | $ | - |  |  | 4 |  | $ | 1,981
Consumer | 107 |  | $ | 1,543 |  |  | 43 |  | $ | 587
Collateral-dependent Loans The table below present the amortized cost of collateral-dependent loans held for investment at March 31, 2020, by class of loans.
| March 31, 2020
| Real Estate |  | Equipment |  | Total
| (In thousands)
Commercial loans: |  |  |  |  |  |  |  |
Commercial secured by real estate | $ | 29,671 |  | $ | - |  | $ | 29,671
Other commercial and industrial |  | 3,144 |  |  | 879 |  |  | 4,023
Total loans | $ | 32,815 |  | $ | 879 |  | $ | 33,694
PCD loans, except for single pooled loans, are not included in the table above as their unit of account is the loan pool. Credit Quality Indicators Oriental categorizes its loans into loan grades based on relevant information about the ability of borrowers to service their debt, such as economic conditions, portfolio risk characteristics, prior loss experience, and the results of periodic credit reviews of individual loans. Oriental uses the following definitions for loan grades: Pass: Loans classified as “pass” have a well-defined primary source of repayment very likely to be sufficient, with no apparent risk, strong financial position, minimal operating risk, profitability, liquidity and capitalization better than industry standards. Special Mention: Loans classified as “special mention” have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard: Loans classified as “substandard” are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful: Loans classified as “doubtful” have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, questionable and improbable. Loss: Loans classified as “loss” are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this worthless loan even though partial recovery may be effected in the future. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass loans. As of March 31, 2020 and based on the most recent analysis performed, the risk category of loans subject to risk rating by class of loans is as follows.
| Term Loans |  | Revolving |  |  |
| Amortized Cost Basis by Origination Year |  | Loans |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Amortized |  |
| 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Cost Basis |  | Total
| (In thousands)
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loan grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 7,302 |  | $ | 128,853 |  | $ | 126,387 |  | $ | 91,250 |  | $ | 63,919 |  | $ | 276,985 |  | $ | 56,161 |  | $ | 750,857
Special Mention |  | 10,147 |  |  | 3,588 |  |  | 2,219 |  |  | 16,582 |  |  | 119 |  |  | 23,179 |  |  | 1,591 |  |  | 57,425
Substandard |  | - |  |  | 338 |  |  | 822 |  |  | 8,771 |  |  | 458 |  |  | 26,903 |  |  | 8,580 |  |  | 45,872
Doubtful |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 34 |  |  | 34
Loss |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Total commercial secured by real estate |  | 17,449 |  |  | 132,779 |  |  | 129,428 |  |  | 116,603 |  |  | 64,496 |  |  | 327,067 |  |  | 66,366 |  |  | 854,188
Other commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loan grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 2,689 |  |  | 104,871 |  |  | 102,701 |  |  | 17,761 |  |  | 8,906 |  |  | 83,310 |  |  | 408,054 |  |  | 728,292
Special Mention |  | - |  |  | 75 |  |  | - |  |  | - |  |  | 7 |  |  | 6,007 |  |  | 3,455 |  |  | 9,544
Substandard |  | 37 |  |  | 748 |  |  | 101 |  |  | 185 |  |  | 3,023 |  |  | 129 |  |  | 1,818 |  |  | 6,041
Doubtful |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 98 |  |  | 98
Loss |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Total other commercial and industrial: |  | 2,726 |  |  | 105,694 |  |  | 102,802 |  |  | 17,946 |  |  | 11,936 |  |  | 89,446 |  |  | 413,425 |  |  | 743,975
US Loan Program: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loan grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 38,921 |  |  | 69,580 |  |  | 146,014 |  |  | 7,220 |  |  | - |  |  | - |  |  | 37,135 |  |  | 298,870
Special Mention |  | - |  |  | - |  |  | 9,827 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 9,827
Substandard |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 3,333 |  |  | 3,333
Doubtful |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Loss |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Total US loan program: |  | 38,921 |  |  | 69,580 |  |  | 155,841 |  |  | 7,220 |  |  | - |  |  | - |  |  | 40,468 |  |  | 312,030
Total commercial loans | $ | 59,096 |  | $ | 308,053 |  | $ | 388,071 |  | $ | 141,769 |  | $ | 76,432 |  | $ | 416,513 |  | $ | 520,259 |  | $ | 1,910,193
At March 31, 2020, the balance of revolving loans converted to term loans was $27.2 million. Oriental considers the performance of the loan portfolio and its impact on the allowance for credit losses. For mortgage and consumer loan classes, Oriental also evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the amortized cost in mortgage and consumer loans based on payment activity:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Revolving Loans |  |  |
| Term Loans |  | Revolving |  | Converted to |  |  |
| Amortized Cost Basis by Origination Year |  | Loans |  | Term Loans |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Amortized |  | Amortized |  |
| 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Cost Basis |  | Cost Basis |  | Total
| (In thousands)
Mortgage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 706 |  | $ | 21,770 |  | $ | 33,825 |  | $ | 36,620 |  | $ | 43,605 |  | $ | 720,381 |  | $ | - |  | $ | - |  | $ | 856,907
Nonperforming |  | - |  |  | 150 |  |  | 455 |  |  | 193 |  |  | 535 |  |  | 29,742 |  |  | - |  |  | - |  |  | 31,075
Total mortgage loans: |  | 706 |  |  | 21,920 |  |  | 34,280 |  |  | 36,813 |  |  | 44,140 |  |  | 750,123 |  |  | - |  |  | - |  |  | 887,982
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personal loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | 39,247 |  |  | 153,670 |  |  | 81,858 |  |  | 43,541 |  |  | 23,228 |  |  | 14,890 |  |  | - |  |  | - |  |  | 356,434
Nonperforming |  | - |  |  | 293 |  |  | 487 |  |  | 399 |  |  | 250 |  |  | 390 |  |  | - |  |  | - |  |  | 1,819
Total personal loans |  | 39,247 |  |  | 153,963 |  |  | 82,345 |  |  | 43,940 |  |  | 23,478 |  |  | 15,280 |  |  | - |  |  | - |  |  | 358,253
Credit lines: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 50,827 |  |  | - |  |  | 50,827
Nonperforming |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 552 |  |  | - |  |  | 552
Total credit lines |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 51,379 |  |  | - |  |  | 51,379
Credit cards: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 70,556 |  |  | - |  |  | 70,556
Nonperforming |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,319 |  |  | - |  |  | 1,319
Total credit cards |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 71,875 |  |  | - |  |  | 71,875
Overdrafts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 203 |  |  | - |  |  | 203
Nonperforming |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Total overdrafts |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 203 |  |  | - |  |  | 203
Total consumer loans |  | 39,247 |  |  | 153,963 |  |  | 82,345 |  |  | 43,940 |  |  | 23,478 |  |  | 15,280 |  |  | 123,457 |  |  | - |  |  | 481,710
Total mortgage and consumer loans | $ | 39,953 |  | $ | 175,883 |  | $ | 116,625 |  | $ | 80,753 |  | $ | 67,618 |  | $ | 765,403 |  | $ | 123,457 |  | $ | - |  | $ | 1,369,692
Oriental evaluates credit quality for auto loans and leases based on FICO score. The following table presents the amortized cost in auto loans and leases based on FICO score:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Revolving |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans |  |  |
| Term Loans |  | Revolving |  | Converted to |  |  |
| Amortized Cost Basis by Origination Year |  | Loans |  | Term Loans |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Amortized |  | Amortized |  |
| 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Cost Basis |  | Cost Basis |  | Total
| (In thousands)
Auto: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FICO score: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-660 |  | 19,459 |  |  | 158,140 |  |  | 139,073 |  |  | 83,191 |  |  | 47,310 |  |  | 48,792 |  |  | - |  |  | - |  |  | 495,965
661-699 |  | 11,031 |  |  | 96,585 |  |  | 63,852 |  |  | 32,279 |  |  | 18,638 |  |  | 19,004 |  |  | - |  |  | - |  |  | 241,389
700+ |  | 20,003 |  |  | 211,214 |  |  | 195,463 |  |  | 107,344 |  |  | 61,740 |  |  | 63,567 |  |  | - |  |  | - |  |  | 659,331
No FICO |  | 28,821 |  |  | 39,335 |  |  | 9,542 |  |  | 6,113 |  |  | 3,777 |  |  | 3,428 |  |  | - |  |  | - |  |  | 91,016
Total auto: | $ | 79,314 |  | $ | 505,274 |  | $ | 407,930 |  | $ | 228,927 |  | $ | 131,465 |  | $ | 134,791 |  | $ | - |  | $ | - |  | $ | 1,487,701
Upon adoption of CECL, Oriental elected to maintain pools of loans that were previously accounted for under ASC 310-30 and will continue to account for these pools as a unit of account. As such, PCD loans are not included in the table above. As of December 31, 2019, and based on the most recent analysis performed, the loan grading of gross originated loans and acquired loans accounted for under ASC 310-20 subject to loan grade by class of loans was as follows:
| December 31, 2019
| Loan Grades
| Balance |  |  |  |  | Special |  |  |  |  |  |  |  |
| Outstanding |  | Pass |  | Mention |  | Substandard |  | Doubtful |  | Loss
| (In thousands)
Commercial - originated and other loans held for investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate | $ | 831,040 |  | $ | 729,116 |  | $ | 55,835 |  | $ | 46,089 |  | $ | - |  | $ | -
Other commercial and industrial |  | 563,859 |  |  | 547,304 |  |  | 6,634 |  |  | 9,921 |  |  | - |  |  | -
US Loan Program |  | 272,595 |  |  | 262,745 |  |  | 9,850 |  |  | - |  |  | - |  |  | -
Total Commercial - originated and other loans |  | 1,667,494 |  |  | 1,539,165 |  |  | 72,319 |  |  | 56,010 |  |  | - |  |  | -
Scotiabank PR & USVI Commercial - acquired loans (under ASC 310-20) (under ASC 310-20) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate |  | 34,881 |  |  | 33,306 |  |  | 35 |  |  | 1,504 |  |  | 36 |  |  | -
Other commercial and industrial |  | 158,311 |  |  | 158,171 |  |  | - |  |  | 39 |  |  | 101 |  |  | -
Total Scotiabank PR & USVI commercial - acquired loans |  | 193,192 |  |  | 191,477 |  |  | 35 |  |  | 1,543 |  |  | 137 |  |  | -
BBVAPR Commercial - acquired loans (under ASC 310-20) (under ASC 310-20) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial secured by real estate |  | 785 |  |  | 21 |  |  | - |  |  | 764 |  |  | - |  |  | -
Other commercial and industrial |  | 1,356 |  |  | 1,356 |  |  | - |  |  | - |  |  | - |  |  | -
Total BBVAPR commercial - acquired loans |  | 2,141 |  |  | 1,377 |  |  | - |  |  | 764 |  |  | - |  |  | -
Total commercial loans | $ | 1,862,827 |  | $ | 1,732,019 |  | $ | 72,354 |  | $ | 58,317 |  | $ | 137 |  | $ | -
| December 31, 2019
| Loan Grades
| Balance |  |  |  |  | Special |  |  |  |  |  |  |  |
| Outstanding |  | Pass |  | Mention |  | Substandard |  | Doubtful |  | Loss
Retail - originated and other loans held for investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage | $ | 577,416 |  | $ | 547,683 |  | $ | - |  | $ | 29,733 |  | $ | - |  | $ | -
Personal loans |  | 332,030 |  |  | 330,474 |  |  | - |  |  | 1,556 |  |  | - |  |  | -
Personal lines of credit |  | 1,778 |  |  | 1,769 |  |  | - |  |  | 9 |  |  | - |  |  | -
Credit cards |  | 27,614 |  |  | 27,068 |  |  | - |  |  | 546 |  |  | - |  |  | -
Overdrafts |  | 216 |  |  | 165 |  |  | - |  |  | 51 |  |  | - |  |  | -
Auto |  | 1,277,732 |  |  | 1,263,506 |  |  | - |  |  | 14,226 |  |  | - |  |  | -
Total consumer loans |  | 1,639,370 |  |  | 1,622,982 |  |  | - |  |  | 16,388 |  |  | - |  |  | -
Total retail originated loans |  | 2,216,786 |  |  | 2,170,665 |  |  | - |  |  | 46,121 |  |  | - |  |  | -
Retail - acquired loans (accounted for under ASC 310-20) - Scotiabank PR & USVI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  | 322,179 |  |  | 257,803 |  |  | - |  |  | 64,376 |  |  | - |  |  | -
Personal loans |  | 33,147 |  |  | 33,147 |  |  | - |  |  | - |  |  | - |  |  | -
Personal lines of credit |  | 50,836 |  |  | 50,624 |  |  | - |  |  | 212 |  |  | - |  |  | -
Credit cards |  | 28,774 |  |  | 28,774 |  |  | - |  |  | - |  |  | - |  |  | -
Auto |  | 191,015 |  |  | 191,000 |  |  | - |  |  | 15 |  |  | - |  |  | -
Total consumer loans |  | 303,772 |  |  | 303,545 |  |  | - |  |  | 227 |  |  | - |  |  | -
Total retail acquired Scotiabank PR & USVI non-PCI loans |  | 625,951 |  |  | 561,348 |  |  | - |  |  | 64,603 |  |  | - |  |  | -
Retail - acquired loans (accounted for under ASC 310-20) - BBVPR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | 18,814 |  |  | 18,464 |  |  | - |  |  | 350 |  |  | - |  |  | -
Personal loans |  | 1,980 |  |  | 1,958 |  |  | - |  |  | 22 |  |  | - |  |  | -
Auto |  | 135 |  |  | 106 |  |  | - |  |  | 29 |  |  | - |  |  | -
Total retail acquired BBVAPR non-PCI loans |  | 20,929 |  |  | 20,528 |  |  | - |  |  | 401 |  |  | - |  |  | -
Total retail originated and acquired non-PCI loans | $ | 2,863,666 |  | $ | 2,752,541 |  | $ | - |  | $ | 111,125 |  | $ | - |  | $ | -

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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