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LOAN PORTFOLIO (Tables)
 3 Months Ended
Mar. 31, 2019
Accounts Notes And Loans Receivable [Line Items]  
Loan Portfolio Held for Investment [Table Text Block]

The following provides information about the loan portfolio held for investment:

As of March 31,As ofDecember 31,
20192018
(In thousands)
Residential mortgage loans, mainly secured by first mortgages$3,126,562$3,163,208
Commercial loans:
Construction loans84,50779,429
Commercial mortgage loans 1,558,7241,522,662
Commercial and Industrial loans (1)2,211,7312,148,111
Total commercial loans3,854,9623,750,202
Finance leases352,277333,536
Consumer loans1,663,0151,611,177
Loans held for investment8,996,8168,858,123
Allowance for loan and lease losses(183,732)(196,362)
Loans held for investment, net $8,813,084$8,661,761
(1) As of March 31, 2019 and December 31, 2018, includes $782.2 million and $796.8 million, respectively, of commercial loans that were 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
March 31, December 31,
20192018
(In thousands)
Nonaccrual loans:
Residential mortgage$132,049$147,287
Commercial mortgage 93,192109,536
Commercial and Industrial 22,50730,382
Construction:
Land 5,8316,260
Construction-residential1,8692,102
Consumer:
Auto loans10,52811,212
Finance leases1,0091,329
Other consumer loans5,7937,865
Total nonaccrual loans held for investment (1)(2)(3)$272,778$315,973
_______________
(1)Excludes $7.4 million and $16.1 million of nonaccrual loans held for sale as of March 31, 2019 and December 31, 2018, respectively.
(2)Amount excludes purchased-credit impaired ("PCI") loans with a carrying value of approximately $144.4 million and $146.6 million as of March 31, 2019 and December 31, 2018, 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 nonaccrual 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)Nonaccrual loans exclude $485.9 million and $478.9 million of Troubled Debt Restructuring ("TDR") loans that are in compliance with the modified terms and in accrual status as of March 31, 2019 and December 31, 2018, respectively.
Corporation's Aging of Loans Held for Investment Portfolio [Table text Block]
The Corporation’s aging of the loans held for investment portfolio is as follows:
As of March 31, 2019
30-59 Days Past Due60-89 Days Past Due90 days or more Past Due (1)(2)(3)Total Past Due Purchased Credit-Impaired Loans Current Total loans held for investment90 days past due and still accruing (1)(2)(3)
(In thousands)
Residential mortgage:
FHA/VA government-guaranteed
loans (2)(3)(4)$-$5,431$98,996$104,427$-$37,228$141,655$98,996
Other residential mortgage loans (2) (4)-66,807147,502214,309140,9792,629,6192,984,90715,453
Commercial:
Commercial and Industrial loans 4,5201,34323,24529,108-2,182,6232,211,731738
Commercial mortgage loans (4)-1,37194,41295,7833,4641,459,4771,558,7241,220
Construction:
Land (4)-3625,8786,240-13,42219,66247
Construction-commercial (4)-----53,38453,384-
Construction-residential (4)--1,8691,869-9,59211,461-
Consumer:
Auto loans31,5846,55610,52848,668-937,938986,606-
Finance leases5,1827481,0096,939-345,338352,277-
Other consumer loans7,6164,7779,54321,936-654,473676,4093,750
Total loans held for investment$48,902$87,395$392,982$529,279$144,443$8,323,094$8,996,816$120,204
_____________
(1)Includes nonaccrual loans and accruing loans that were 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, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. These balances include $47.8 million of residential mortgage loans insured by the FHA and/or guaranteed by the VA that were over 15 months delinquent, and were no longer accruing interest as of March 31, 2019, taking into consideration FHA interest curtailment process.
(3)As of March 31, 2019, includes $44.6 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 on two or more monthly payments. FHA/VA government-guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans, construction-commercial loans, and construction-residential loans past due 30-59 days as of March 31, 2019 amounted to $5.8 million, $106.6 million, $6.0 million, $0.1 million, $5.2 million, and $0.5 million respectively.

As of December 31, 2018
30-59 Days Past Due60-89 Days Past Due90 days or more Past Due (1)(2)(3)Total Past Due Purchased Credit- Impaired Loans Current Total loans held for investment90 days past due and still accruing (1)(2)(3)
(In thousands)
Residential mortgage:
FHA/VA government-guaranteed
loans (2)(3)(4)$-$4,183$104,751$108,934$-$38,271$147,205$104,751
Other residential mortgage loans (2)(4)-62,077161,851223,928143,1762,648,8993,016,00314,564
Commercial:
Commercial and Industrial loans2,5506635,38538,001-2,110,1102,148,1115,003
Commercial mortgage loans (4)-1,038110,482111,5203,4641,407,6781,522,662946
Construction:
Land (4)-2076,3276,534-13,77920,31367
Construction-commercial (4)-----47,96547,965-
Construction-residential (4)--2,1022,102-9,04911,151-
Consumer:
Auto loans31,0707,10311,21249,385-897,091946,476-
Finance leases5,5021,3621,3298,193-325,343333,536-
Other consumer loans9,8984,54211,61726,057-638,644664,7013,752
Total loans held for investment$49,020$80,578$445,056$574,654$146,640$8,136,829$8,858,123$129,083
____________
(1)Includes nonaccrual loans and accruing loans that were 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, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. These balances include $51.4 million of residential mortgage loans insured by the FHA and/or guaranteed by the VA that were over 15 months delinquent, and are no longer accruing interest as of December 31, 2018, taking into consideration the FHA interest curtailment process.
(3)As of December 31, 2018, includes $43.6 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 on two or more monthly payments. FHA/VA government-guaranteed loans, other residential mortgage loans, commercial mortgage loans, and land loans past due 30-59 days as of December 31, 2018 amounted to $5.6 million, $101.4 million, $5.1 million, and $0.2 million, respectively.
Corporation's Credit Quality Indicators by Loan [Table text Block]
The Corporation’s commercial and construction loans credit quality indicators as of March 31, 2019 and December 31, 2018 are summarized below:
Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness Category:
Special MentionSubstandardDoubtfulLossTotal Criticized Assets (1)Total Portfolio
March 31, 2019
(In thousands)
Commercial mortgage$170,218$249,975$12,158$-$432,351$1,558,724
Construction:
Land-6,889--6,88919,662
Construction-commercial-----53,384
Construction-residential-1,869--1,86911,461
Commercial and Industrial78,47242,887877274122,5102,211,731
Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness Category:
Special MentionSubstandardDoubtfulLossTotal Criticized Assets (1)Total Portfolio
December 31, 2018
(In thousands)
Commercial mortgage$172,260$276,935$1,701$-$450,896$1,522,662
Construction:
Land-7,407--7,40720,313
Construction-commercial -----47,965
Construction-residential-2,102--2,10211,151
Commercial and Industrial85,55745,2746,114396137,3412,148,111
_________
(1)Excludes nonaccrual commercial mortgage loan held for sale of $7.4 million as of March 31, 2019 and $16.1 million of nonaccrual loans held for sale ($11.4 million commercial mortgage, $3.0 million construction-commercial, and $1.7 million commercial and industrial) as of December 31, 2018.

The Corporation's consumer and residential loans credit quality indicators as of March 31, 2019 and December 31, 2018 are summarized below:
March 31, 2019Consumer Credit Exposure-Credit Risk Profile Based on Payment Activity
Residential Real-EstateConsumer
FHA/VA/ Guaranteed (1)Other residential loansAutoFinance LeasesOther Consumer
(In thousands)
Performing$141,655$2,711,879$976,078$351,268$670,616
Purchased Credit-Impaired (2)-140,979---
Nonaccrual-132,04910,5281,0095,793
Total$141,655$2,984,907$986,606$352,277$676,409
(1)It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as 90 days past-due loans and still accruing as opposed to nonaccrual loans since the principal repayment is insured. This balance includes $47.8 million of residential mortgage loans insured by the FHA that were over 15 months delinquent, and were no longer accruing interest as of March 31, 2019, taking into consideration the FHA interest curtailment process.
(2)PCI loans are excluded from nonaccrual 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 analyses.
December 31, 2018Consumer Credit Exposure-Credit Risk Profile Based on Payment Activity
Residential Real-EstateConsumer
FHA/VA/ Guaranteed (1)Other residential loansAutoFinance LeasesOther Consumer
(In thousands)
Performing$147,205$2,725,540$935,264$332,207$656,836
Purchased Credit-Impaired (2)-143,176---
Nonaccrual-147,28711,2121,3297,865
Total$147,205$3,016,003$946,476$333,536$664,701
(1)It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as 90 days past-due loans and still accruing as opposed to nonaccrual loans since the principal repayment is insured. This balance includes $51.4 million of residential mortgage loans insured by the FHA that were over 15 months delinquent, and were no longer accruing interest as of December 31, 2018, taking into consideration the FHA interest curtailment process.
(2)PCI loans are excluded from nonaccrual statistics due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analyses.
Impaired Loans [Table Text Block]
The following tables present information about impaired loans held for investment, excluding PCI loans, which are reported separately, as discussed below:
Impaired Loans
Impaired Loans
Impaired Loans - With a Related Specific Allowance With No Related Specific AllowanceImpaired Loans Total
Recorded Investment (1)Unpaid Principal BalanceRelated Specific AllowanceRecorded Investment (1)Unpaid Principal BalanceRecorded Investment (1)Unpaid Principal BalanceRelated Specific Allowance
(In thousands)
As of March 31, 2019
FHA/VA-Guaranteed loans$-$-$-$-$-$-$-$-
Other residential mortgage loans299,219336,14120,75394,516129,242393,735465,38320,753
Commercial:
Commercial mortgage loans172,632189,66720,31449,54957,363222,181247,03020,314
Commercial and Industrial loans52,08373,0144,11230,26447,29482,347120,3084,112
Construction:
Land2,3332,8695462,3592,8944,6925,763546
Construction-commercial--------
Construction-residential532580509561,5311,4882,11150
Consumer:
Auto loans16,83316,8333,71312724716,96017,0803,713
Finance leases1,5721,757114--1,5721,757114
Other consumer loans7,7438,3429522,1533,3989,89611,740952
$552,947$629,203$50,554$179,924$241,969$732,871$871,172$50,554
(1) Excludes accrued interest receivable.
Impaired Loans
Impaired Loans - With a Related Specific Allowance With No Related Specific AllowanceImpaired Loans Total
Recorded Investment (1)Unpaid Principal BalanceRelated Specific AllowanceRecorded Investment (1)Unpaid Principal BalanceRecorded Investment (1)Unpaid Principal BalanceRelated Specific Allowance
(In thousands)
As of December 31, 2018
FHA/VA-Guaranteed loans$-$-$-$-$-$-$-$-
Other residential mortgage loans293,494325,89719,965110,238148,920403,732474,81719,965
Commercial:
Commercial mortgage loans184,068201,11617,68443,35849,253227,426250,36917,684
Commercial and Industrial loans61,16276,0279,69330,03048,08591,192124,1129,693
Construction:
Land2,4442,9235522,4312,9274,8755,850552
Construction-commercial--------
Construction-residential1,7182,370208--1,7182,370208
Consumer:
Auto loans17,78117,7813,68925025018,03118,0313,689
Finance leases1,9141,91410222221,9361,936102
Other consumer loans9,29110,0662,0832,0682,75011,35912,8162,083
$571,872$638,094$53,976$188,397$252,207$760,269$890,301$53,976
(1) Excludes accrued interest receivable.

Average Recorded Investment (1)Interest Income on Accrual BasisInterest Income on Cash BasisTotal Interest Income
(In thousands)
Quarter Ended March 31, 2019
FHA/VA-Guaranteed loans$-$-$-$-
Other residential mortgage loans395,6594,4242534,677
Commercial:
Commercial mortgage loans229,1782,0041072,111
Commercial and Industrial loans86,6849553958
Construction:
Land4,767201131
Construction-commercial----
Construction-residential1,494---
Consumer:
Auto loans17,619320-320
Finance leases1,75836-36
Other consumer loans10,47524426270
$747,634$8,003$400$8,403
(1) Excludes accrued interest receivable.
Average Recorded Investment (1)Interest Income on Accrual BasisInterest Income on Cash BasisTotal Interest Income
(In thousands)
Quarter Ended March 31, 2018
FHA/VA-Guaranteed loans$-$-$-$-
Other residential mortgage loans419,3844,3774014,778
Commercial:
Commercial mortgage loans163,74974384827
Commercial and Industrial loans117,20754831579
Construction:
Land11,86425833
Construction-commercial----
Construction-residential252---
Consumer:
Auto loans21,337399-399
Finance leases1,95835-35
Other consumer loans12,24031244356
$747,991$6,439$568$7,007
(1) Excludes accrued interest receivable.

The following table show the activity for impaired loans during the first quarters of 2019 and 2018:
Quarter ended
March 31, 2019March 31, 2018
Impaired Loans:(In thousands)
Balance at beginning of period$760,269$790,308
Loans determined impaired during the period10,70261,408
Charge-offs (1)(13,421)(17,213)
Loans sold, net of charge-offs-(4,121)
Increases to existing impaired loans1,2536,998
Foreclosures(7,984)(11,675)
Loans no longer considered impaired(152)(1,507)
Loans transferred to held for sale-(57,213)
Paid in full, partial payments and other(17,796)(20,705)
Balance at end of period$732,871$746,280
(1)The first quarter of 2018 includes charge-offs totaling $9.7 million associated with $57.2 million in nonaccrual loans transferred to held for sale.
Allowance For Credit Losses On Purchased Credit Impaired Loans [Table Text Block]
The changes in the allowance for loan and lease losses were as follows:
Quarter ended March 31, 2019Residential Mortgage LoansCommercial Mortgage LoansCommercial & Industrial LoansConstruction LoansConsumer LoansTotal
(In thousands)
Allowance for loan and lease losses:
Beginning balance$50,794$55,581$32,546$3,592$53,849$196,362
Charge-offs(6,173)(2,400)(6,311)(207)(13,269)(28,360)
Recoveries6261281,095412,0203,910
Provision (release)6,639121(5,009)(95)10,16411,820
Ending balance$51,886$53,430$22,321$3,331$52,764$183,732
Ending balance: specific reserve for
impaired loans$20,753$20,314$4,112$596$4,779$50,554
Ending balance: purchased credit-impaired loans (1)$10,954$400$-$-$-$11,354
Ending balance: general allowance$20,179$32,716$18,209$2,735$47,985$121,824
Loans held for investment:
Ending balance$3,126,562$1,558,724$2,211,731$84,507$2,015,292$8,996,816
Ending balance: impaired loans$393,735$222,181$82,347$6,180$28,428$732,871
Ending balance: purchased credit-
impaired loans$140,979$3,464$-$-$-$144,443
Ending balance: loans with general allowance$2,591,848$1,333,079$2,129,384$78,327$1,986,864$8,119,502
(1)Refer to Note 7 - Loans Held for Investment - PCI Loans for a detail of changes in the allowance for loan losses related to PCI loans.

Quarter ended March 31, 2018Residential Mortgage LoansCommercial Mortgage LoansCommercial & Industrial LoansConstruction LoansConsumer LoansTotal
(In thousands)
Allowance for loan and lease losses:
Beginning balance$58,975$48,493$48,871$4,522$70,982$231,843
Charge-offs (1)(3,371)(6,810)(1,930)(5,177)(12,072)(29,360)
Recoveries3354962132,3702,829
Provision (1)4478,6616564,7646,01620,544
Ending balance$56,386$50,393$47,659$4,122$67,296$225,856
Ending balance: specific reserve for
impaired loans$22,546$13,451$14,375$1,484$5,074$56,930
Ending balance: purchased credit-impaired loans (2)$10,873$378$-$-$-$11,251
Ending balance: general allowance$22,967$36,564$33,284$2,638$62,222$157,675
Loans held for investment:
Ending balance$3,267,868$1,552,503$2,061,773$79,150$1,734,596$8,695,890
Ending balance: impaired loans$417,610$162,126$119,778$12,067$34,699$746,280
Ending balance: purchased credit-
impaired loans$151,067$4,214$-$-$-$155,281
Ending balance: loans with general allowance$2,699,191$1,386,163$1,941,995$67,083$1,699,897$7,794,329
(1)During the first quarter of 2018, the Corporation transferred to held for sale $57.2 million (net of fair value write-downs of $9.7 million) in nonaccrual loans to held for sale. Approximately $4.1 million of the $9.7 million in charge-offs recorded on the transfer was taken against previously-established reserve for loan losses, resulting in a charge to the provision of $5.6 million for the first quarter of 2018. Loans transferred to held for sale consisted of a $30.0 million nonaccrual construction loan (net of a $5.1 million fair value write-down) and two nonaccrual commercial mortgage loans totaling $27.2 million (net of fair value write-downs of $4.6 million).
(2)Refer to Note 7 - Loans Held for Investment - PCI Loans for a detail of changes in the allowance for loan losses related to PCI loans.

The tables below present the allowance for loan and lease losses and the carrying value of loans by portfolio segment as of March 31, 2019 and December 31, 2018:
As of March 31, 2019Residential Mortgage LoansCommercial Mortgage LoansCommercial and Industrial LoansConsumer Loans
Construction Loans
(Dollars in thousands)Total
Impaired loans without specific reserves:
Principal balance of loans, net of charge-offs$94,516$49,549$30,264$3,315$2,280$179,924
Impaired loans with specific reserves:
Principal balance of loans, net of charge-offs299,219172,63252,0832,86526,148552,947
Allowance for loan and lease losses20,75320,3144,1125964,77950,554
Allowance for loan and lease losses to
principal balance6.94%11.77%7.90%20.80%18.28%9.14%
PCI loans:
Carrying value of PCI loans140,9793,464---144,443
Allowance for PCI loans10,954400---11,354
Allowance for PCI loans to carrying value7.77%11.55%7.86%
Loans with general allowance:
Principal balance of loans2,591,8481,333,0792,129,38478,3271,986,8648,119,502
Allowance for loan and lease losses20,17932,71618,2092,73547,985121,824
Allowance for loan and lease losses to
principal balance0.78%2.45%0.86%3.49%2.42%1.50%
Total loans held for investment:
Principal balance of loans$3,126,562$1,558,724$2,211,731$84,507$2,015,292$8,996,816
Allowance for loan and lease losses51,88653,43022,3213,33152,764183,732
Allowance for loan and lease losses to
principal balance (1)1.66%3.43%1.01%3.94%2.62%2.04%

Residential Mortgage LoansCommercial Mortgage LoansCommercial and Industrial LoansConsumer Loans
Construction Loans
As of December 31, 2018Total
(Dollars in thousands)
Impaired loans without specific reserves:
Principal balance of loans, net of charge-offs$110,238$43,358$30,030$2,431$2,340$188,397
Impaired loans with specific reserves:
Principal balance of loans, net of charge-offs293,494184,06861,1624,16228,986571,872
Allowance for loan and lease losses19,96517,6849,6937605,87453,976
Allowance for loan and lease losses to
principal balance6.80%9.61%15.85%18.26%20.26%9.44%
PCI loans:
Carrying value of PCI loans143,1763,464---146,640
Allowance for PCI loans10,954400---11,354
Allowance for PCI loans to carrying value7.65%11.55%7.74%
Loans with general allowance:
Principal balance of loans2,616,3001,291,7722,056,91972,8361,913,3877,951,214
Allowance for loan and lease losses19,87537,49722,8532,83247,975131,032
Allowance for loan and lease losses to
principal balance0.76%2.90%1.11%3.89%2.51%1.65%
Total loans held for investment:
Principal balance of loans$3,163,208$1,522,662$2,148,111$79,429$1,944,713$8,858,123
Allowance for loan and lease losses50,79455,58132,5463,59253,849196,362
Allowance for loan and lease losses to
principal balance (1)1.61%3.65%1.52%4.52%2.77%2.22%
(1) Loans used in the denominator include PCI loans of $144.4 million and $146.6 million as of March 31, 2019 and December 31, 2018, respectively. However, the Corporation separately tracks and reports PCI loans and excludes these loans from the amounts of nonaccrual loans, impaired loans, TDRs and non-performing assets.
Troubled Debt Restructurings On Financing Receivables Table [Text Block]
Selected information on all of the Corporation's TDR loans held for investment based on the recorded investment by loan class and modification type is summarized in the following tables. This information reflects all of the Corporation's TDRs held for investment:
As of March 31, 2019
Interest rate below marketMaturity or term extensionCombination of reduction in interest rate and extension of maturityForgiveness of principal and/or interestForbearance AgreementOther (1)Total
(In thousands)
Troubled Debt Restructurings:
Non- FHA/VA residential mortgage loans$21,898$11,827$234,073$-$143$60,804$328,745
Commercial Mortgage loans (2)3,9191,819120,363-20,0599,173155,333
Commercial and Industrial loans64419,24913,092-1,26238,10172,348
Construction loans:
Land272,4471,866--2424,582
Construction-commercial-------
Construction-residential-532----532
Consumer loans - Auto-1,3689,448--6,14416,960
Finance leases-821,043--4471,572
Consumer loans - Other1,3051,2575,453341-1,3679,723
Total Troubled Debt Restructurings $27,793$38,581$385,338$341$21,464$116,278$589,795
(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.
(2)Excludes commercial mortgage TDR loans held for sale amounting to $7.4 million as of March 31, 2019.

As of December 31, 2018
Interest rate below marketMaturity or term extensionCombination of reduction in interest rate and extension of maturityForgiveness of principal and/or interestForbearance AgreementOther (1)Total
(In thousands)
Troubled Debt Restructurings:
Non- FHA/VA residential mortgage loans$22,729$11,586$239,348$-$145$60,094$333,902
Commercial Mortgage loans (2)3,9662,005122,709--9,269137,949
Commercial and Industrial loans (3)66419,76913,323-2,67338,49274,921
Construction loans:
Land162,5241,933--2924,765
Construction-commercial -------
Construction-residential-545---217762
Consumer loans - Auto-1,51710,085--6,42918,031
Finance leases-1011,186--6481,935
Consumer loans - Other1,3961,2365,651275-1,82410,382
Total Troubled Debt Restructurings $28,771$39,283$394,235$275$2,818$117,265$582,647
(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.
(2)Excludes commercial mortgage TDR loans held for sale amounting to $11.1 million as of December 31, 2018.
(3)Excludes commercial and industrial TDR loans held for sale amounting to $0.9 million as of December 31, 2018.

The following table presents the Corporation's TDR loans held for investment activity:
Quarter Ended
March 31, 2019March 31, 2018
(In thousands)
Beginning balance of TDRs$582,647$587,219
New TDRs25,45943,419
Increases to existing TDRs1,1756,771
Charge-offs post modification (1)(2,821)(9,171)
Foreclosures(3,643)(7,043)
TDRs transferred to held for sale, net of charge-off-(30,000)
Paid-off, partial payments and other(13,022)(18,819)
Ending balance of TDRs$589,795$572,376
(1)The first quarter of 2018 includes a charge-off of $5.1 million associated with a $30.0 million construction loan transferred to held for sale.

The following tables provide a breakdown of the TDR loans held for investment by those in accrual and nonaccrual status:
As of March 31, 2019
AccrualNonaccrual (1)Total TDRs
(In thousands)
Non-FHA/VA residential mortgage loans$272,661$56,084$328,745
Commercial Mortgage loans (2)126,15129,182155,333
Commercial and Industrial loans64,3867,96272,348
Construction loans:
Land9893,5934,582
Construction-commercial---
Construction-residential-532532
Consumer loans - Auto11,1765,78416,960
Finance leases1,529431,572
Consumer loans - Other9,0486759,723
Total Troubled Debt Restructurings$485,940$103,855$589,795
(1)Included in nonaccrual loans are $25.5 million in loans that are performing under the terms of the restructuring agreement but are reported in nonaccrual 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.
(2)Excludes commercial mortgage TDR loans held for sale amounting to $7.4 million as of March 31, 2019.

As of December 31, 2018
AccrualNonaccrual (1)Total TDRs
(In thousands)
Non-FHA/VA residential mortgage loans$271,766$62,136$333,902
Commercial Mortgage loans (2)116,83021,119137,949
Commercial and Industrial loans (3)66,6038,31874,921
Construction loans:
Land1,0713,6944,765
Construction-commercial---
Construction-residential-762762
Consumer loans - Auto11,8426,18918,031
Finance leases1,7911441,935
Consumer loans - Other9,0251,35710,382
Total Troubled Debt Restructurings$478,928$103,719$582,647
(1)Included in nonaccrual loans are $17.7 million in loans that are performing under the terms of the restructuring agreement but are reported in nonaccrual 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.
(2)Excludes commercial mortgage TDR loans held for sale amounting to $11.1 million as of December 31, 2018.
(3)Excludes commercial and industrial TDR loans held for sale amounting to $0.9 million as of December 31, 2018.
Entity Loan Modification Program [Member]  
Accounts Notes And Loans Receivable [Line Items]  
Troubled Debt Restructurings On Financing Receivables Table [Text Block]
Loan modifications that are considered TDR loans completed during the first quarters of 2019 and 2018 were as follows:
Quarter ended March 31, 2019
Number of contractsPre-modification Outstanding Recorded InvestmentPost-modification Outstanding Recorded Investment
(Dollars in thousands)
Troubled Debt Restructurings:
Non-FHA/VA residential mortgage loans29$3,178$3,191
Commercial Mortgage loans322,51020,334
Commercial and Industrial loans4107106
Construction loans:
Land11212
Construction-commercial---
Construction-residential---
Consumer loans - Auto62947947
Finance leases7159159
Consumer loans - Other148692710
Total Troubled Debt Restructurings254$27,605$25,459

Quarter ended March 31, 2018
Number of contractsPre-modification Outstanding Recorded InvestmentPost-modification Outstanding Recorded Investment
(Dollars in thousands)
Troubled Debt Restructurings:
Non-FHA/VA residential mortgage loans24$2,608$2,614
Commercial Mortgage loans336,74636,758
Commercial and Industrial loans32,5972,582
Consumer loans - Auto45680680
Consumer loans - Other136785785
Total Troubled Debt Restructurings211$43,416$43,419
Entity Loan Modification Program [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]  
Accounts Notes And Loans Receivable [Line Items]  
Troubled Debt Restructurings On Financing Receivables Table [Text Block]
Loan modifications considered TDR loans that defaulted during the quarters ended March 31, 2019 and March 31, 2018, and had become TDR during the 12-months preceding the default date, were as follows:
Quarter ended March 31,
20192018
Number of contractsRecorded InvestmentNumber of contractsRecorded Investment
(Dollars in thousands)
Non-FHA/VA residential mortgage loans-$-4$387
Consumer loans - Auto20251223
Finance leases--122
Consumer loans - Other18471154
Total 38$29818$486
Entity Loan Modification Program [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member] | Ab Note Restructure Workout Strategy [Member]  
Accounts Notes And Loans Receivable [Line Items]  
Troubled Debt Restructurings On Financing Receivables Table [Text Block]

The following tables provide additional information about the volume of this type of loan restructuring and the effect on the allowance for loan and lease losses in the first quarter of 2019 and 2018:

(In thousands)March 31, 2019March 31, 2018
Beginning balance$33,840$35,577
New TDR loan splits20,059-
Paid-off and partial payments(331)(24)
Ending balance$53,568$35,553
(In thousands)March 31, 2019March 31, 2018
Allowance for loan losses at the beginning of the year$473$3,846
Charges to the provision for loan losses4871,412
Allowance for loan losses at the end of the year$960$5,258
Financial Asset Acquired with Credit Deterioration [Member]  
Accounts Notes And Loans Receivable [Line Items]  
Loan Portfolio Held for Investment [Table Text Block]
The carrying amounts of PCI loans were as follows:
As of
March 31, December 31,
20192018
(In thousands)
Residential mortgage loans$140,979$143,176
Commercial mortgage loans3,4643,464
Total PCI loans$144,443$146,640
Allowance for loan losses(11,354)(11,354)
Total PCI loans, net of allowance for loan losses$133,089$135,286
Corporation's Aging of Loans Held for Investment Portfolio [Table text Block]
The following tables present PCI loans by past due status as of March 31, 2019 and December 31, 2018:
As of March 31, 201930-59 Days 60-89 Days 90 days or more Total Past Due Total PCI loans
Current
(In thousands)
Residential mortgage loans $-$7,490$25,643$33,133$107,846$140,979
Commercial mortgage loans--2,5172,5179473,464
Total (1)$-$7,490$28,160$35,650$108,793$144,443
_____________
(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 March 31, 2019 amounted to $12.8 million. No PCI commercial mortgage loan was 30-59 days past due as of March 31, 2019.
As of December 31, 201830-59 Days 60-89 Days 90 days or more Total Past Due Total PCI loans
Current
(In thousands)
Residential mortgage loans $-$6,979$26,932$33,911$109,265$143,176
Commercial mortgage loans--2,5122,5129523,464
Total (1)$-$6,979$29,444$36,423$110,217$146,640
_____________
(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, 2018 amounted to $11.6 million. No PCI commercial mortgage loan was 30-59 days past due as of December 31, 2018.
Accretable Yield [Table Text Block]
Changes in the accretable yield of PCI loans for the quarters ended March 31, 2019 and 2018 were as follows:
March 31, 2019March 31, 2018
(In thousands)
Balance at beginning of period$93,493$103,682
Accretion recognized in earnings(2,433)(2,623)
Balance at end of period$91,060$101,059
Changes In Carrying Amount Of Purchased Credit Impaired Loans Table [Text Block]
Changes in the carrying amount of PCI loans accounted for pursuant to ASC Topic 310-30 were as follows:
Quarter ended Quarter ended
March 31, 2019March 31, 2018
(In thousands)
Balance at beginning of period $146,640$158,174
Accretion 2,4332,623
Collections (3,840)(3,396)
Foreclosures(790)(2,120)
Ending balance $144,443$155,281
Allowance for loan losses(11,354)(11,251)
Ending balance, net of allowance for loan losses$133,089$144,030
Allowance For Credit Losses On Purchased Credit Impaired Loans [Table Text Block]
Changes in the allowance for loan losses related to PCI loans were as follows:
Quarter ended Quarter ended
March 31, 2019March 31, 2018
(In thousands)
Balance at beginning of period $11,354$11,251
Provision for loan losses--
Balance at the end of period$11,354$11,251