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INCOME TAXES (Components of Deferred Tax Assets) (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021
--- | --- | ---
Deferred tax asset: |  |
Allowance for credit losses and other reserves | $ 57,273 | $ 61,009
Scotiabank PR discount | 1,453 | 2,053
Loans and other real estate valuation adjustment | 2,313 | 3,660
Deferred loan charge-offs | 72,376 | 115,661
Net operating loss carry forwards | 9,022 | 8,460
Alternative minimum tax | 14,467 | 15,385
Unrealized net loss included in other comprehensive income | 0 | 301
Unrealized net loss on available-for-sale securities | 16,422 | 0
Goodwill | 10,252 | 16,961
Acquired portfolio | 45,761 | 53,687
Other assets allowances | 1,538 | 929
Other deferred tax assets | 16,570 | 20,291
Total gross deferred tax asset | 247,447 | 298,397
Less: valuation allowance | (9,143) | (9,645)
Net gross deferred tax assets | 238,304 | 288,752
Deferred tax liability: |  |
Acquired loans tax basis | (137,195) | (137,402)
FDIC-assisted Eurobank acquisition, net | (5,760) | (6,636)
Customer deposit and customer relationship intangibles | (7,314) | (10,324)
Building valuation adjustment | (6,540) | (6,976)
Unrealized net gain on available-for-sale securities | 0 | (1,572)
Unrealized net loss included in other comprehensive income | (152) | 0
Servicing asset | (16,041) | (15,311)
Other deferred tax liabilities | (9,817) | (11,468)
Total gross deferred tax liabilities | (182,819) | (189,689)
Net deferred tax asset | $ 55,485 | $ 99,063

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