SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Information about the Reportable Segments [Table Text Block]

The following table presents information about the reportable segments for the quarters ended March 31, 2019 and 2018:
(In thousands)	Mortgage Banking		Consumer (Retail) Banking		Commercial and Corporate Banking		Treasury and Investments		United States Operations		Virgin Islands Operations		Total
For the quarter ended March 31, 2019:
Interest income	$	30,857	$	49,975	$	37,387	$	16,249	$	24,157	$	7,847	$	166,472
Net (charge) credit for transfer of funds		(13,108)		19,662		(16,454)		11,250		(1,350)		-		-
Interest expense		-		(8,103)		-		(10,704)		(6,598)		(886)		(26,291)
Net interest income		17,749		61,534		20,933		16,795		16,209		6,961		140,181
(Provision) releases for loan and lease losses		(6,412)		(9,412)		8,050		-		(4,364)		318		(11,820)
Non-interest income		3,606		14,007		2,518		74		533		1,805		22,543
Direct non-interest expenses		(8,481)		(29,404)		(8,989)		(723)		(8,362)		(7,740)		(63,699)
Segment income	$	6,462	$	36,725	$	22,512	$	16,146	$	4,016	$	1,344	$	87,205
Average earnings assets	$	2,188,093	$	1,824,240	$	2,499,709	$	2,392,467	$	1,902,771	$	472,912	$	11,280,192
(In thousands)	Mortgage Banking		Consumer (Retail) Banking		Commercial and Corporate Banking		Treasury and Investments		United States Operations		Virgin Islands Operations		Total
For the quarter ended March 31, 2018:
Interest income	$	32,321	$	42,550	$	32,337	$	14,254	$	19,527	$	8,429	$	149,418
Net (charge) credit for transfer of funds		(11,116)		15,222		(13,417)		9,974		(663)		-		-
Interest expense		-		(6,723)		-		(11,710)		(5,472)		(820)		(24,725)
Net interest income		21,205		51,049		18,920		12,518		13,392		7,609		124,693
Provision for loan and lease losses		(381)		(5,793)		(6,800)		-		(1,459)		(6,111)		(20,544)
Non-interest income		4,084		11,930		1,259		2,378		1,408		1,725		22,784
Direct non-interest expenses		(7,720)		(26,901)		(6,714)		(948)		(7,956)		(7,622)		(57,861)
Segment income (loss)	$	17,188	$	30,285	$	6,665	$	13,948	$	5,385	$	(4,399)	$	69,072
Average earnings assets	$	2,293,482	$	1,566,795	$	2,632,220	$	2,470,830	$	1,709,918	$	571,199	$	11,244,444

Reconciliation of the Reportable Segment Financial Information [Table Text Block]

The following table presents a reconciliation of the reportable segment financial information to the consolidated totals:
		Quarter Ended
		March 31,
		2019		2018
Net income:
Total income for segments and other		$	87,205	$	69,072
Other operating expenses (1)			(26,273)		(28,166)
Income before income taxes			60,932		40,906
Income tax expense			17,618		7,758
Total consolidated net income		$	43,314	$	33,148
Average assets:
Total average earning assets for segments		$	11,280,192	$	11,244,444
Average non-earning assets			1,003,706		947,460
Total consolidated average assets		$	12,283,898	$	12,191,904
(1)	Expenses pertaining to corporate administrative functions that support the operating segment, but are not specifically attributable to or managed by any segment are not included in the reported financial results of the operating segments. The unallocated corporate expenses include certain general and administrative expenses and related depreciation and amortization expenses.