XML 50 R39.htm IDEA: XBRL DOCUMENT v3.20.1
Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2020
Allowance for Credit Losses [Abstract]  
Allowance for Credit Losses on Financing Receivables [Table Text Block]

 

Quarter Ended March 31, 2020

 

Commercial

 

Mortgage

 

Consumer

 

Auto

 

Total

 

(In thousands)

Allowance for credit losses Non-PCD:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

25,993

 

$

8,727

 

$

18,446

 

$

31,878

 

$

85,044

Impact of ASC 326 adoption

 

3,562

 

 

10,980

 

 

8,418

 

 

16,238

 

 

39,198

Provision for credit losses

 

21,890

 

 

156

 

 

6,270

 

 

14,034

 

 

42,350

Charge-offs

 

(3,771)

 

 

(418)

 

 

(6,015)

 

 

(13,053)

 

 

(23,257)

Recoveries

 

1,522

 

 

249

 

 

644

 

 

4,211

 

 

6,626

Balance at end of period

$

49,196

 

$

19,694

 

$

27,763

 

$

53,308

 

$

149,961

 

Quarter Ended March 31, 2020

 

Commercial

 

Mortgage

 

Consumer

 

Auto

 

Total

 

(In thousands)

Allowance for credit losses PCD:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

8,893

 

$

21,655

 

$

-

 

$

947

 

$

31,495

Impact of ASC 326 adoption

 

42,143

 

 

7,830

 

 

181

 

 

368

 

 

50,522

Provision for credit losses

 

(218)

 

 

6,139

 

 

364

 

 

(105)

 

 

6,180

Charge-offs

 

(2,357)

 

 

(5,143)

 

 

(431)

 

 

(375)

 

 

(8,306)

Recoveries

 

375

 

 

122

 

 

63

 

 

343

 

 

903

Balance at end of period

$

48,836

 

$

30,603

 

$

177

 

$

1,178

 

$

80,794

 

Quarter Ended March 31, 2020

 

Commercial

 

Mortgage

 

Consumer

 

Auto

 

Total

 

(In thousands)

Total Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

34,886

 

$

30,382

 

$

18,446

 

$

32,825

 

$

116,539

Impact of ASC 326 adoption

 

45,705

 

 

18,810

 

 

8,599

 

 

16,606

 

 

89,720

Provision for credit losses

 

21,672

 

 

6,295

 

 

6,634

 

 

13,929

 

 

48,530

Charge-offs

 

(6,128)

 

 

(5,561)

 

 

(6,446)

 

 

(13,428)

 

 

(31,563)

Recoveries

 

1,897

 

 

371

 

 

707

 

 

4,554

 

 

7,529

Balance at end of period

$

98,032

 

$

50,297

 

$

27,940

 

$

54,486

 

$

230,755

 

Quarter Ended March 31, 2019

 

Mortgage

 

Commercial

 

Consumer

 

Auto and Leasing

 

Total

 

(In thousands)

Allowance for loan and lease losses for originated and other loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

19,783

 

$

30,326

 

$

15,571

 

$

29,508

 

$

95,188

Provision for credit losses

 

(2,794)

 

 

2,767

 

 

4,372

 

 

6,988

 

 

11,333

Charge-offs

 

(587)

 

 

(1,086)

 

 

(4,121)

 

 

(11,371)

 

 

(17,165)

Recoveries

 

287

 

 

147

 

 

263

 

 

3,982

 

 

4,679

Balance at end of period

$

16,689

 

$

32,154

 

$

16,085

 

$

29,107

 

$

94,035

 

Quarter Ended March 31, 2019

 

Commercial

 

Consumer

 

Auto

 

Total

 

(In thousands)

Allowance for loan and lease losses

for acquired BBVAPR loans

accounted for under ASC 310-20:

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

22

 

$

1,905

 

$

135

 

$

2,062

Charge-offs

 

-

 

 

(440)

 

 

(85)

 

 

(525)

Recoveries

 

3

 

 

40

 

 

90

 

 

133

Provision (recapture) for acquired

loan and lease losses accounted for

under ASC 310-20

 

7

 

 

364

 

 

(73)

 

 

298

Balance at end of period

$

32

 

$

1,869

 

$

67

 

$

1,968

 

Quarter Ended March 31, 2019

 

Mortgage

 

Commercial

 

Auto

 

Total

 

(In thousands)

Allowance for loan and lease losses for

acquired BBVAPR loans accounted for under

ASC 310-30:

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

15,225

 

$

20,641

 

$

6,144

 

$

42,010

Provision (recapture) for acquired BBVAPR loans and lease losses accounted for under ASC 310-30

 

2,733

 

 

850

 

 

(2,314)

 

 

1,269

Allowance de-recognition

 

(57)

 

 

(758)

 

 

(331)

 

 

(1,146)

Balance at end of period

$

17,901

 

$

20,733

 

$

3,499

 

$

42,133

 

Quarter Ended March 31, 2019

 

Mortgage

 

Commercial

 

Consumer

 

Total

 

(In thousands)

Allowance for loan and lease losses for acquired Eurobank loans:

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

15,382

 

$

9,585

 

$

4

 

$

24,971

Provision for acquired Eurobank loan and lease losses

 

(202)

 

 

(449)

 

 

-

 

 

(651)

Allowance de-recognition

 

(70)

 

 

106

 

 

(4)

 

 

32

Balance at end of period

$

15,110

 

$

9,242

 

$

-

 

$

24,352

 

December 31, 2019

 

Mortgage

 

Commercial

 

Consumer

 

Auto and Leasing

 

Total

 

(In thousands)

Allowance for loan and lease losses on originated and other loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending allowance balance attributable

to loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

6,874

 

$

8,215

 

$

-

 

$

-

 

$

15,089

Collectively evaluated for impairment

 

1,853

 

 

17,774

 

 

16,882

 

 

31,873

 

 

68,382

Total ending allowance balance

$

8,727

 

$

25,989

 

$

16,882

 

$

31,873

 

$

83,471

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

71,196

 

$

60,450

 

$

-

 

$

-

 

$

131,646

Collectively evaluated for impairment

 

506,220

 

 

1,607,044

 

 

361,638

 

 

1,277,732

 

 

3,752,634

Total ending loan balance

$

577,416

 

$

1,667,494

 

$

361,638

 

$

1,277,732

 

$

3,884,280

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

Commercial

 

Consumer

 

Auto

 

Total

 

(In thousands)

Allowance for loan and lease losses

for acquired BBVAPR loans

accounted for under ASC 310-20:

 

 

 

 

 

 

 

 

 

 

 

Ending allowance balance attributable

to loans:

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

2

 

$

-

 

$

-

 

$

2

Collectively evaluated for impairment

 

2

 

 

1,564

 

 

5

 

 

1,571

Total ending allowance balance

$

4

 

$

1,564

 

$

5

 

$

1,573

Loans:

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

678

 

$

-

 

$

-

 

$

678

Collectively evaluated for impairment

 

1,463

 

 

20,794

 

 

135

 

 

22,392

Total ending loan balance

$

2,141

 

$

20,794

 

$

135

 

$

23,070