LOANS HELD FOR SALE (Tables)

9 Months Ended

Sep. 30, 2020

Loans and Leases Receivable Disclosure [Line Items]

Portfolio of Loans Held for Sale

The following provides information about the loan portfolio held for investment as of the indicated dates:

	As of September 30,		As of December 31,
	2020		2019
(In thousands)
Residential mortgage loans, mainly secured by first mortgages	$	3,636,713	$	2,933,773
Construction loans		191,356		111,317
Commercial mortgage loans		2,220,277		1,444,586
Commercial and Industrial loans (1) (2)		3,226,843		2,230,876
Consumer loans		2,572,086		2,281,653
Loans held for investment (3)(4)		11,847,275		9,002,205
Allowance for credit losses on loans and finance leases		(384,718)		(155,139)
Loans held for investment, net	$	11,462,557	$	8,847,066

	September 30, 2020		December 31, 2019
(In thousands)
Residential mortgage loans	$	48,670	$	39,477

Disposal Group, Held-for-sale, Not Discontinued Operations [Member]

Loans and Leases Receivable Disclosure [Line Items]

Portfolio of Loans Held for Sale

The Corporation’s loans held-for-sale portfolio as of the dates indicated was composed of:

	September 30, 2020		December 31, 2019
(In thousands)
Residential mortgage loans	$	48,670	$	39,477