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LOAN PORTFOLIO (Tables)
 12 Months Ended
Dec. 31, 2016
Loan Portfolio Held for Investment [Table Text Block]
As ofAs of
December 31, December 31,
20162015
(In thousands)
Residential mortgage loans, mainly secured by first mortgages $3,296,031$3,344,719
Commercial loans:
Construction loans 124,951156,195
Commercial mortgage loans 1,568,8081,537,806
Commercial and Industrial loans (1) 2,180,4552,246,513
Total commercial loans3,874,2143,940,514
Finance leases233,335229,165
Consumer loans1,483,2931,597,984
Loans held for investment8,886,8739,112,382
Allowance for loan and lease losses(205,603)(240,710)
Loans held for investment, net $8,681,270$8,871,672
(1)As of December 31, 2016 and 2015, includes $853.9 million and $973.2 million, respectively, of commercial loans that are secured by real estate but are not dependent upon the real estate for repayment.
Loans Held for Investment on Which Accrual of Interest Income had been Discontinued [Table Text Block]
Loans held for investment on which accrual of interest income had been discontinued were as follows:
As ofAs of
December 31, December 31,
20162015
(In thousands)
Non-performing loans:
Residential mortgage$160,867$169,001
Commercial mortgage178,69651,333
Commercial and Industrial146,599137,051
Construction:
Land11,02612,174
Construction-commercial 36,89339,466
Construction-residential1,9332,996
Consumer:
Auto loans14,34617,435
Finance leases1,3352,459
Other consumer loans8,39910,858
Total non-performing loans held for investment (1)(2)(3)$560,094$442,773
________________
(1)As of December 31, 2016 and December 31, 2015, excludes $8.1 million of non-performing loans held for sale.
(2)Amount excludes PCI loans with a carrying value of approximately $165.8 million and $173.9 million as of December 31, 2016 and 2015, respectively, primarily mortgage loans acquired from Doral Bank in the first quarter of 2015 and from Doral Financial in the second quarter of 2014, as further discussed below. These loans are not considered non-performing due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using an estimated cash flow analysis.
(3)Non-performing loans exclude $384.9 million and $414.9 million of TDR loans that are in compliance with the modified terms and in accrual status as of December 31, 2016 and 2015, respectively.
Corporation's Aging of Loans Held for Investment Portfolio [Table Text Block]
The Corporation’s aging of the loans held for investment portfolio is as follows:
As of December 31, 201630-59 Days Past Due60-89 Days Past Due90 days or more Past Due (1)Total Past Due Purchased Credit-Impaired Loans Current Total loans held for investment90 days past due and still accruing
(In thousands)
Residential mortgage:
FHA/VA and other government-guaranteed
loans (2) (3) (4)$-$5,179$77,052$82,231$-$44,627$126,858$77,052
Other residential mortgage loans (4)-94,004177,568271,572162,6762,734,9253,169,17316,701
Commercial:
Commercial and Industrial loans14,1953,724151,967169,886-2,010,5692,180,4555,368
Commercial mortgage loans (4)-4,534181,977186,5113,1421,379,1551,568,8083,281
Construction:
Land (4)-43611,50411,940-19,82631,766478
Construction-commercial --36,89336,893-40,58277,475-
Construction-residential (4)--1,9331,933-13,77715,710-
Consumer:
Auto loans57,14213,52314,34685,011-762,947847,958-
Finance leases7,7141,6711,33510,720-222,615233,335-
Other consumer loans7,6755,25412,32825,257-610,078635,3353,929
Total loans held for investment$86,726$128,325$666,903$881,954$165,818$7,839,101$8,886,873$106,809
(1)Includes non-performing loans and accruing loans that are contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days.
(2)It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $29.3 million of residential mortgage loans insured by the FHA or guaranteed by the VA which are over 15 months delinquent, and are no longer accruing interest as of December 31, 2016.
(3)As of December 31, 2016, includes $43.7 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans.
(4)According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA and other government-guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans, and construction-residential loans past due 30-59 days as of December 31, 2016 amounted to $9.9 million, $142.8 million, $4.6 million, $0.7 million, and $0.4 million, respectively.

As of December 31, 201530-59 Days Past Due60-89 Days Past Due90 days or more Past Due (1)Total Past Due Purchased Credit-Impaired Loans Current Total loans held for investment90 days past due and still accruing
(In thousands)
Residential mortgage:
FHA/VA and other government-guaranteed
loans (2) (3) (4)$-$6,048$90,168$96,216$-$46,925$143,141$90,168
Other residential mortgage loans (4)-90,406185,018275,424170,7662,755,3883,201,57816,017
Commercial:
Commercial and Industrial loans5,5776,412150,893162,882-2,083,6312,246,51313,842
Commercial mortgage loans (4)-24,72963,80588,5343,1471,446,1251,537,80612,472
Construction:
Land (4) -16112,35012,511-39,36351,874176
Construction-commercial-11,72239,46651,188-32,14283,330-
Construction-residential (4) --6,0426,042-14,94920,9913,046
Consumer:
Auto loans70,83616,78717,435105,058-829,922934,980-
Finance leases7,6643,1002,45913,223-215,942229,165-
Other consumer loans9,4625,52415,12430,110-632,894663,0044,266
Total loans held for investment$93,539$164,889$582,760$841,188$173,913$8,097,281$9,112,382$139,987
(1)Includes non-performing loans and accruing loans that are contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days.
(2)It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $37.3 million of residential mortgage loans insured by the FHA or guaranteed by the VA which are over 15 months delinquent, and are no longer accruing interest as of December 31, 2015.
(3)As of December 31, 2015, includes $38.5 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans.
(4)According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA and other government-guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans, and construction-residential loans past-due 30-59 days as of December 31, 2015 amounted to $11.0 million, $162.9 million, $38.6 million, $5.7 million, and $0.8 million, respectively.
Corporation's Credit Quality Indicators by Loan [Table Text Block]
The Corporation’s credit quality indicators by loan type as of December 31, 2016 and 2015 are summarized below:
Commercial Credit Exposure-Credit Risk Profile based on Creditworthiness Category:
SubstandardDoubtfulLossTotal Adversely Classified (1)Total Portfolio
December 31, 2016
(In thousands)
Commercial Mortgage$193,391$35,416$-$228,807$1,568,808
Construction:
Land19,345--19,34531,766
Construction-commercial36,893--36,89377,475
Construction-residential1,933--1,93315,710
Commercial and Industrial133,59967,996784202,3792,180,455
Commercial Credit Exposure-Credit Risk Profile based on Creditworthiness Category:
SubstandardDoubtfulLossTotal Adversely Classified (1)Total Portfolio
December 31, 2015
(In thousands)
Commercial Mortgage$252,941$140$-$253,081$1,537,806
Construction:
Land14,0351-14,03651,874
Construction-commercial39,466--39,46683,330
Construction-residential2,996--2,99620,991
Commercial and Industrial140,82771,341354212,5222,246,513
(1)Excludes $8.1 million of non-performing loans held for sale as of December 31, 2016 and 2015.

December 31, 2016Consumer Credit Exposure-Credit Risk Profile Based on Payment Activity
Residential Real-EstateConsumer
FHA/VA/ Guaranteed (1)Other residential loansAutoFinance LeasesOther Consumer
(In thousands)
Performing$126,858$2,845,630$833,612$232,000$626,936
Purchased Credit-Impaired (2)-162,676---
Non-performing-160,86714,3461,3358,399
Total$126,858$3,169,173$847,958$233,335$635,335
(1)It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. This balance includes $29.3 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 15 months delinquent, and are no longer accruing interest as of December 31, 2016.
(2)PCI loans are excluded from non-performing statistics due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analysis.
December 31, 2015Consumer Credit Exposure-Credit Risk Profile Based on Payment Activity
Residential Real-EstateConsumer
FHA/VA/ Guaranteed (1)Other residential loansAutoFinance LeasesOther Consumer
(In thousands)
Performing$143,141$2,861,811$917,545$226,706$652,146
Purchased Credit-Impaired (2)-170,766---
Non-performing-169,00117,4352,45910,858
Total$143,141$3,201,578$934,980$229,165$663,004
(1)It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. This balance includes $37.3 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 15 months delinquent and are no longer accruing interest as of December 31, 2015.
(2)PCI loans are excluded from non-performing statistics due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analysis.
Impaired Loans [Table Text Block]
Impaired Loans
Recorded InvestmentUnpaid Principal BalanceRelated Specific AllowanceAverage Recorded InvestmentInterest Income Recognized on Accrual BasisInterest Income Recognized on Cash Basis
(In thousands)
As of December 31, 2016
With no related allowance recorded:
FHA/VA-Guaranteed loans$ - $ - $-$-$-$-
Other residential mortgage loans67,99682,602-71,003741731
Commercial:
Commercial mortgage loans72,62091,685-80,713940550
Commercial and Industrial
loans14,65624,642-17,20942-
Construction:
Land180233-21222
Construction-commercial------
Construction-residential9561,531-956--
Consumer:
Auto loans599599-6157-
Finance leases9494-951-
Other consumer loans4,5165,876-4,696233106
$161,617$207,262$-$175,499$1,966$1,389
With an allowance recorded:
FHA/VA-Guaranteed loans$ - $-$-$-$-$-
Other residential mortgage loans374,271423,6488,633380,27317,7511,503
Commercial:
Commercial mortgage loans121,771133,88326,172122,609463173
Commercial and Industrial
loans138,887165,39922,638149,1535891,287
Construction:
Land14,87019,91894715,58916849
Construction-commercial36,89338,72132438,191--
Construction-residential392551134392--
Consumer:
Auto loans24,27624,2763,71726,5621,813-
Finance leases2,5532,553712,751202-
Other consumer loans12,37512,7341,78513,3221,14348
$726,288$821,683$64,421$748,842$22,129$3,060
Total:
FHA/VA-Guaranteed loans$-$-$-$-$-$-
Other residential mortgage loans442,267506,2508,633451,27618,4922,234
Commercial:
Commercial mortgage loans194,391225,56826,172203,3221,403723
Commercial and Industrial
loans153,543190,04122,638166,3626311,287
Construction:
Land15,05020,15194715,80117051
Construction-commercial36,89338,72132438,191--
Construction-residential1,3482,0821341,348--
Consumer:
Auto loans24,87524,8753,71727,1771,820-
Finance leases2,6472,647712,846203-
Other consumer loans16,89118,6101,78518,0181,376154
$887,905$1,028,945$64,421$924,341$24,095$4,449

Recorded InvestmentUnpaid Principal BalanceRelated Specific AllowanceAverage Recorded InvestmentInterest Income Recognized Accrual BasisInterest Income Recognized Cash Basis
(In thousands)
As of December 31, 2015
With no related allowance recorded:
FHA/VA-Guaranteed loans$-$-$-$-$-$-
Other residential mortgage loans65,49574,146-67,282558688
Commercial:
Commercial mortgage loans54,04866,448-54,9671,329832
Commercial and Industrial
loans27,49229,957-28,326-693
Construction:
Land------
Construction-commercial39,46640,000-39,736--
Construction-residential3,0463,046-3,098164-
Consumer:
Auto loans------
Finance leases------
Other consumer loans2,6184,300-2,76621115
$192,165$217,897$-$196,175$2,072$2,328
With an allowance recorded:
FHA/VA-Guaranteed loans$-$-$-$-$-$-
Other residential mortgage loans395,173440,94721,787398,79017,5431,640
Commercial:
Commercial mortgage loans27,47940,6343,07330,518347501
Commercial and Industrial
loans143,214164,05018,096148,5472,3381,939
Construction:
Land9,57813,7581,0609,7274470
Construction-commercial------
Construction-residential1,4262,1801421,476--
Consumer:
Auto loans21,58121,5816,65323,5311,494-
Finance leases2,0772,077862,484170-
Other consumer loans13,81614,0431,68414,7821,59225
$614,344$699,270$52,581$629,855$23,528$4,175
Total:
FHA/VA-Guaranteed loans$-$-$-$-$-$-
Other residential mortgage loans460,668515,09321,787466,07218,1012,328
Commercial:
Commercial mortgage loans81,527107,0823,07385,4851,6761,333
Commercial and Industrial
loans170,706194,00718,096176,8732,3382,632
Construction:
Land9,57813,7581,0609,7274470
Construction-commercial39,46640,000-39,736--
Construction-residential4,4725,2261424,574164-
Consumer:
Auto loans21,58121,5816,65323,5311,494-
Finance leases2,0772,077862,484170-
Other consumer loans16,43418,3431,68417,5481,613140
$806,509$917,167$52,581$826,030$25,600$6,503
Activity for Impaired loans [Table Text Block]
The following tables show the activity for impaired loans during 2016, 2015 and 2014 and the related specific reserves:
201620152014
(In thousands)
Impaired Loans:
Balance at beginning of year$806,509$945,407$919,112
Loans determined impaired during the year288,202160,837306,390
Charge-offs (1)(67,210)(99,023)(106,154)
Loans sold, net of charge-offs(8,675)(67,836)(4,500)
Reclassification from loans held for sale-40,005-
Increases to impaired loans - additional disbursements3,2363,3405,028
Foreclosures(36,161)(57,728)(40,582)
Loans no longer considered impaired(27,643)(46,489)(22,333)
Paid in full or partial payments(70,353)(72,004)(111,554)
Balance at end of year$887,905$806,509$945,407
(1)For the year ended December 31, 2016, includes $4.2 million of charge-offs related to impaired loans included in a sale of a $16.3 million pool of non-performing assets and, for the year ended December 31, 2015, includes $63.9 million of charge-offs related to a bulk sales of assets, as further discussed below.
Activity for Specific Reserve [Table Text Block]
(In thousands)201620152014
Specific Reserve:
Balance at beginning of year$52,581$55,205$102,601
Provision for loan losses78,69591,51558,758
Net charge-offs(66,855)(94,139)(106,154)
Balance at end of year$64,421$52,581$55,205
Carrying Value Of Purchased Credit Impaired Loans
The carrying amount of PCI loans follows:
As ofAs of
December 31, December 31,
20162015
(In thousands)
Residential mortgage loans$162,676$170,766
Commercial mortgage loans3,1423,147
Total PCI loans$165,818$173,913
Allowance for loan losses(6,857)(3,962)
Total PCI loans, net of allowance for loan losses$158,961$169,951
Accretable Yield [Table Text Block]
Changes in the accretable yield of PCI loans for the years ended December 31, 2016 and 2015 were as follows:
December 31, 2016December 31, 2015
(In thousands)
Balance at beginning of year$118,385$82,460
Additions (accretable yield at acquisition
of loans from Doral)-38,319
Accretion recognized in earnings(11,533)(11,188)
Reclassification from non-accretable9,6108,794
Balance at end of period$116,462$118,385
Selected Information on TDRs Includes Recorded Investment by Loan Class and Modification Type [Table Text Block]
Selected information on TDRs that includes the recorded investment by loan class and modification type is summarized in the following tables. This information reflects all TDRs:
As of December 31, 2016
Interest rate below marketMaturity or term extensionCombination of reduction in interest rate and extension of maturityForgiveness of principal and/or interestOther (1)Total
(In thousands)
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans$29,254$8,373$280,588$-$57,594$375,809
Commercial Mortgage loans6,0442,00730,005-10,68648,742
Commercial and Industrial loans2,11166,83016,35986347,358133,521
Construction loans:
Land-6,7352,219-4089,362
Construction-commercial ---36,893-36,893
Construction-residential----357357
Consumer loans - Auto-1,70614,698-8,47124,875
Finance Leases-3662,281--2,647
Consumer loans - Other2362,5189,6622992,12714,842
Total Troubled Debt Restructurings $37,645$88,535$355,812$38,055$127,001$647,048
(1)Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation, or a combination of the concessions listed in the table.

As of December 31, 2015
Interest rate below marketMaturity or term extensionCombination of reduction in interest rate and extension of maturityForgiveness of principal and/or interestOther (1)Total
(In thousands)
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans$29,066$6,027$297,310$-$50,269$382,672
Commercial Mortgage loans4,3791,24426,109-12,76644,498
Commercial and Industrial loans2,16375,10427,2143,02742,746150,254
Construction loans:
Land-2292,165-3722,766
Construction-commercial (2)---39,466-39,466
Construction-residential--3,046-4363,482
Consumer loans - Auto-2,33012,388-6,86421,582
Finance Leases-6211,456--2,077
Consumer loans - Other891,60411,0263271,74814,794
Total Troubled Debt Restructurings $35,697$87,159$380,714$42,820$115,201$661,591
(1)Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation, or a combination of the concessions listed in the table above.
(2)During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment and continues to be classified as a TDR and a non-performing loan.

As of December 31, 2014
Interest rate below marketMaturity or term extensionCombination of reduction in interest rate and extension of maturityForgiveness of principal and/or interestOther (1)Total
(In thousands)
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans$24,850$5,859$283,317$-$35,749$349,775
Commercial Mortgage Loans29,88112,73772,493-12,655127,766
Commercial and Industrial Loans7,53380,64231,5533,07449,124171,926
Construction Loans:
Land-2021,732-5362,470
Construction-Residential6,1543373,112-43410,037
Consumer Loans - Auto-38010,363-6,24816,991
Finance Leases-3761,805--2,181
Consumer Loans - Other3712910,8124431,88613,307
Total Troubled Debt Restructurings (2)$68,455$100,662$415,187$3,517$106,632$694,453
(1)Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation, or a combination of the concessions listed in the table above.
(2)Excludes TDRs held for sale amounting to $45.7 million as of December 31, 2014.
Corporation's TDR Activity [Table Text Block]
The following table presents the Corporation's TDRs activity:
Year EndedYear EndedYear Ended
December 31, 2016December 31, 2015December 31, 2014
(In thousands)
Beginning balance of TDRs$661,591$694,453$630,258
New TDRs84,942111,890164,108
Increases to existing TDRs - additional disbursements3,9211,0181,903
Charge-offs post-modification (1)(24,876)(64,116)(43,916)
Sales, net of charge-offs(3,761)(44,048)(4,500)
Foreclosures (16,834)(39,706)(4,948)
Removed from TDR classification(3,031)--
Reclassification from loans held for sale (2)-40,005-
Paid-off and partial payments (54,904)(37,905)(48,452)
Ending balance of TDRs$647,048$661,591$694,453
(1)For the year ended December 31, 2016, includes $1.3 million of charge-offs related to TDRs included in the sale of the $16.3 million pool of non-performing assets. For the year ended December 31, 2015 includes $45.3 million of charge-offs related to TDRs included in the bulk sale of assets.
(2)During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment and continues to be classified as a TDR and a non-performing loan.
Breakdown Between Accrual and Nonaccrual Status of TDRs [Table Text Block]
The following table provides a breakdown between accrual and nonaccrual status of TDR loans:
As of December 31, 2016
AccrualNonaccrual (1) Total TDRs
(In thousands)
Non-FHA/VA Residential Mortgage loans$295,656$80,153$375,809
Commercial Mortgage loans32,34016,40248,742
Commercial and Industrial loans18,496115,025133,521
Construction loans:
Land7,7321,6309,362
Construction-commercial-36,89336,893
Construction-residential-357357
Consumer loans - Auto16,2538,62224,875
Finance Leases2,5421052,647
Consumer loans - Other11,8682,97414,842
Total Troubled Debt Restructurings$384,887$262,161$647,048
(1)Included in non-accrual loans are $110.6 million in loans that are performing under the terms of the restructuring agreement but are reported in non-accrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and are deemed fully collectible.

As of December 31, 2015
AccrualNonaccrual (1)Total TDRs
(In thousands)
Non-FHA/VA Residential Mortgage loans$303,885$78,787$382,672
Commercial Mortgage loans29,12115,37744,498
Commercial and Industrial loans48,392101,862150,254
Construction loans:
Land9241,8422,766
Construction-commercial -39,46639,466
Construction-residential3,0464363,482
Consumer loans - Auto14,8236,75921,582
Finance Leases1,980972,077
Consumer loans - Other12,7372,05714,794
Total Troubled Debt Restructurings $414,908$246,683$661,591
(1)Included in non-accrual loans are $118.2 million in loans that are performing under the terms of the restructuring agreement but are reported in non-accrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and there is no doubt about full collectability.
Schedule Of Troubled Debt Restructurings [Table Text Block]
Year ended December 31, 2016
Number of contractsPre-modification Outstanding Recorded InvestmentPost-modification Outstanding Recorded Investment
(In thousands)
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans209$30,940$29,668
Commercial Mortgage loans115,7105,739
Commercial and Industrial loans2522,18222,184
Construction loans:
Land96,7596,756
Consumer loans - Auto74413,14113,141
Finance Leases741,8781,878
Consumer loans - Other1,1565,4965,576
Total Troubled Debt Restructurings2,228$86,106$84,942

Year ended December 31, 2015
Number of contractsPre-modification Outstanding Recorded InvestmentPost-modification Outstanding Recorded Investment
(In thousands)
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans408$67,006$64,679
Commercial Mortgage loans1622,36619,914
Commercial and Industrial loans55,9715,351
Construction loans:
Land7603600
Consumer loans - Auto75612,21911,985
Finance Leases551,4471,250
Consumer loans - Other1,3388,1588,111
Total Troubled Debt Restructurings2,585$117,770$111,890

Year ended December 31, 2014
Number of contractsPre-modification Outstanding Recorded InvestmentPost-modification Outstanding Recorded Investment
(In thousands)
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans291$40,166$39,194
Commercial Mortgage loans92,8532,855
Commercial and Industrial loans17105,372105,110
Construction loans:
Land6257219
Consumer loans - Auto6028,9038,748
Finance Leases45953800
Consumer loans - Other1,4927,2407,182
Total Troubled Debt Restructurings2,462$165,744$164,108
Loan Modifications Considered Troubled Debt Restructurings Defaulted [Table Text Block]
Year ended December 31,
201620152014
Number of contractsRecorded InvestmentNumber of contractsRecorded InvestmentNumber of contractsRecorded Investment
(In thousands)
Non-FHA/VA Residential Mortgage loans50$7,67369$10,24055$8,087
Commercial Mortgage loans--12,17924,604
Commercial and Industrial loans--45,74521,537
Construction loans:
Land----146
Consumer loans - Auto517641315945697
Finance Leases24361856115
Consumer loans - Other119454172706241989
Total 222$8,934265$19,214352$16,075
Loan Restructuring and Effect on Allowance for Loan and Lease Losses [Table Text Block]
(In thousands)December 31, 2016December 31, 2015December 31, 2014
Principal balance deemed collectible at end of year$36,971$39,329$46,032
Amount (recovered) charged off$-$-$(7,501)
Charges (reductions) to the provision for loan losses$4,279$131$(8,341)
Allowance for loan losses at end of year$5,141$862$731
Past Due Purchased Credit Impaired Table [Text Block]
The following tables present PCI loans by past due status as of December 31, 2016 and 2015:
As of December 31, 201630-59 Days 60-89 Days 90 days or more Total Past Due Total PCI loans
Current
(In thousands)
Residential mortgage loans$-$11,892$27,849$39,741$122,935$162,676
Commercial mortgage loans -3551,1501,5051,6373,142
Total (1)$-$12,247$28,999$41,246$124,572$165,818
_____________
(1)According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage and commercial mortgage loans are considered past due when the borrower is in arrears two or more monthly payments. PCI residential mortgage loans and commercial mortgage loans past due 30-59 days as of December 31, 2016 amounted to $22.3 million and $0.1 million, respectively.
As of December 31, 201530-59 Days 60-89 Days 90 days or more Total Past Due Total PCI loans
Current
(In thousands)
Residential mortgage loans $-$16,094$22,218$38,312$132,454$170,766
Commercial mortgage loans --9929922,1553,147
Total (1)$-$16,094$23,210$39,304$134,609$173,913
_____________
(1)According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage and commercial mortgage loans are considered past due when the borrower is in arrears two or more monthly payments. PCI residential mortgage loans past due 30-59 days as of December 31, 2015 amounted to $23.6 million.
Changes In Carrying Amount Of Purchased Credit Impaired Loans Table [Text Block]
Changes in the carrying amount of loans accounted for pursuant to ASC 310-30 follows:
Year ended Year ended
December 31, 2016December 31, 2015
(In thousands)
Balance at beginning of period $173,913$102,604
Additions (1)-79,889
Accretion 11,53311,188
Collections (17,184)(19,572)
Foreclosures(2,444)(196)
Ending balance $165,818$173,913
Allowance for loan losses(6,857)(3,962)
Ending balance, net of allowance for loan losses$158,961$169,951
(1)For the year ended December 31, 2015, additions represents the estimated fair value of PCI loans acquired from Doral Bank at the date of acquisition.
Allowance For Credit Losses On Purchased Credit Impaired Loans [Table Text Block]
Changes in the allowance for loan losses related to PCI loans follows:
Year ended
December 31, 2016December 31, 2015
Balance at beginning of period $3,962$-
Provision for loan losses2,8953,962
Balance at end of period$6,857$3,962