LOANS HELD FOR INVESTMENT (Tables)

12 Months Ended

Dec. 31, 2020

Accounts, Notes, Loans and Financing Receivable [Line Items]

Loan Portfolio Held for Investment [Table Text Block]

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

	As of December 31,		As of December 31,
	2020		2019
(In thousands)
Residential mortgage loans, mainly secured by first mortgages	$	3,521,954	$	2,933,773
Construction loans		212,500		111,317
Commercial mortgage loans		2,230,602		1,444,586
C&I loans (1) (2)		3,202,590		2,230,876
Consumer loans		2,609,643		2,281,653
Loans held for investment (3)(4)		11,777,289		9,002,205
ACL on loans and finance leases		(385,887)		(155,139)
Loans held for investment, net	$	11,391,402	$	8,847,066

Loans Held for Investment on Which Accrual of Interest Income had been Discontinued [Table Text Block]

The following tables present by portfolio classes the amortized cost basis of loans on nonaccrual status and loans past due 90 days or more and still accruing as of December 31, 2020 and 2019 and the interest income recognized on nonaccrual loans for the year ended December 31, 2020:
		As of December 31, 2020								Year Ended December 31, 2020		As of December 31, 2019
Puerto Rico and Virgin Islands region		Nonaccrual Loans with No ACL		Nonaccrual Loans with ACL		Total Nonaccrual Loans (2)		Loans Past Due 90 days or more and Still Accruing (3)		Interest Income Recognized on Nonaccrual Loans		Total Nonaccrual Loans		Loans Past Due 90 days or more and Still Accruing (3)
(In thousands)
Residential mortgage loans, mainly secured
by first mortgages:
	FHA/VA government-guaranteed	$	-	$	-	$	-	$	98,993	$	-	$	-	$	81,011
	Conventional residential mortgage loans		12,418		98,527		110,945		38,834		1,050		108,117		40,208
Construction loans			4,546		8,425		12,971		-		80		9,782		-
Commercial mortgage loans			11,777		17,834		29,611		3,252		194		40,076		2,222
C&I loans			14,824		5,496		20,320		2,246		86		18,458		7,061
Consumer Loans:
Auto loans			26		8,638		8,664		-		164		12,057		-
Finance leases			-		1,466		1,466		-		25		1,354		-
Personal loans			-		1,623		1,623		-		49		1,523		-
Credit cards			-		-		-		1,520		-		-		4,411
Other consumer loans			-		3,682		3,682		-		5		5,016		-
Total loans held for investment (1)		$	43,591	$	145,691	$	189,282	$	144,845	$	1,653	$	196,383	$	134,913

		As of December 31, 2020								Year Ended December 31, 2020		As of December 31, 2019
Florida region		Nonaccrual Loans with No ACL		Nonaccrual Loans with ACL		Total Nonaccrual Loans		Loans Past Due 90 days or more and Still Accruing		Interest Income Recognized on Nonaccrual Loans		Total Nonaccrual Loans		Loans Past Due 90 days or more and Still Accruing
(In thousands)
Residential mortgage loans, mainly secured
by first mortgages:
	FHA/VA government-guaranteed	$	-	$	-	$	-	$	250	$	-	$	-	$	129
	Conventional residential mortgage loans		2,584		11,838		14,422		-		285		13,291		-
Construction loans			-		-		-		-		-		-		-
Commercial mortgage loans			-		-		-		-		-		-		-
C&I loans			561		-		561		-		71		315		-
Consumer Loans:
Auto loans			-		223		223		-		12		163		-
Finance leases			-		-		-		-		-		-		-
Personal loans			-		-		-		-		-		5		-
Credit cards			-		-		-		-		-		-		-
Other consumer loans			-		601		601		-		8		511		-
Total loans held for investment (1)		$	3,145	$	12,662	$	15,807	$	250	$	376	$	14,285	$	129

		As of December 31, 2020								Year Ended December 31, 2020		As of December 31, 2019
Total		Nonaccrual Loans with No ACL		Nonaccrual Loans with ACL		Total Nonaccrual Loans (2)		Loans Past Due 90 days or more and Still Accruing (3)		Interest Income Recognized on Nonaccrual Loans		Total Nonaccrual Loans		Loans Past Due 90 days or more and Still Accruing (3)
(In thousands)
Residential mortgage loans, mainly secured
by first mortgages:
	FHA/VA government-guaranteed	$	-	$	-	$	-	$	99,243	$	-	$	-	$	81,140
	Conventional residential mortgage loans		15,002		110,365		125,367		38,834		1,335		121,408		40,208
Construction loans			4,546		8,425		12,971		-		80		9,782		-
Commercial mortgage loans			11,777		17,834		29,611		3,252		194		40,076		2,222
C&I loans			15,385		5,496		20,881		2,246		157		18,773		7,061
Consumer Loans:
Auto loans			26		8,861		8,887		-		176		12,220		-
Finance leases			-		1,466		1,466		-		25		1,354		-
Personal loans			-		1,623		1,623		-		49		1,528		-
Credit cards			-		-		-		1,520		-		-		4,411
Other consumer loans			-		4,283		4,283		-		13		5,527		-
Total loans held for investment (1)		$	46,736	$	158,353	$	205,089	$	145,095	$	2,029	$	210,668	$	135,042

Corporation's Aging of Loans Held for Investment Portfolio [Table Text Block]

The Corporation’s aging of the loan portfolio held for investment by portfolio classes as of December 31, 2020 is as follows:
As of December 31, 2020
Puerto Rico and Virgin Islands region	30-59 Days Past Due		60-89 Days Past Due		90 days or more Past Due (1)(2)(3)		Total Past Due		Current		Total loans held for investment
(In thousands)
Residential mortgage loans, mainly secured by first mortgages:
FHA/VA government-guaranteed loans (2) (3) (4)	$	-	$	2,223	$	98,993	$	101,216	$	48,348	$	149,564
Conventional residential mortgage loans (4)		-		61,040		149,779		210,819		2,641,820		2,852,639
Commercial loans:
Construction loans (4)		-		19		12,971		12,990		72,026		85,016
Commercial mortgage loans (4)		5,071		6,588		32,863		44,522		1,808,702		1,853,224
C&I loans		3,283		10,692		22,566		36,541		2,228,190		2,264,731
Consumer loans:
Auto loans		24,025		5,992		8,664		38,681		1,239,445		1,278,126
Finance leases		5,059		1,086		1,466		7,611		465,378		472,989
Personal loans		4,034		1,981		1,623		7,638		364,373		372,011
Credit cards		3,528		5,842		1,518		10,888		308,936		319,824
Other consumer loans		2,143		993		3,684		6,820		133,162		139,982
Total loans held for investment	$	47,143	$	96,456	$	334,127	$	477,726	$	9,310,380	$	9,788,106

As of December 31,2020
Florida region	30-59 Days Past Due		60-89 Days Past Due		90 days or more Past Due (1) (2)		Total Past Due		Current		Total loans held for investment
(In thousands)
Residential mortgage loans, mainly secured by first mortgages:
FHA/VA government-guaranteed loans (2) (3)	$	-	$	-	$	250	$	250	$	920	$	1,170
Conventional residential mortgage loans (3)		-		3,237		14,422		17,659		500,922		518,581
Commercial loans:
Construction loans		-		-		-		-		127,484		127,484
Commercial mortgage loans		-		-		-		-		377,378		377,378
C&I loans		218		-		561		779		937,080		937,859
Consumer loans:
Auto loans		710		297		223		1,230		17,068		18,298
Finance leases		-		-		-		-		-		-
Personal loans		-		-		-		-		157		157
Credit cards		-		-		-		-		-		-
Other consumer loans		58		-		601		659		7,597		8,256
Total loans held for investment	$	986	$	3,534	$	16,057	$	20,577	$	1,968,606	$	1,989,183

As of December 31, 2020
Total	30-59 Days Past Due		60-89 Days Past Due		90 days or more Past Due (1)(2)(3)		Total Past Due		Current		Total loans held for investment
(In thousands)
Residential mortgage loans, mainly secured by first mortgages:
FHA/VA government-guaranteed loans (2) (3) (4)	$	-	$	2,223	$	99,243	$	101,466	$	49,268	$	150,734
Conventional residential mortgage loans (4)		-		64,277		164,201		228,478		3,142,742		3,371,220
Commercial loans:
Construction loans (4)		-		19		12,971		12,990		199,510		212,500
Commercial mortgage loans (4)		5,071		6,588		32,863		44,522		2,186,080		2,230,602
C&I loans		3,501		10,692		23,127		37,320		3,165,270		3,202,590
Consumer loans:
Auto loans		24,735		6,289		8,887		39,911		1,256,513		1,296,424
Finance leases		5,059		1,086		1,466		7,611		465,378		472,989
Personal loans		4,034		1,981		1,623		7,638		364,530		372,168
Credit cards		3,528		5,842		1,518		10,888		308,936		319,824
Other consumer loans		2,201		993		4,285		7,479		140,759		148,238
Total loans held for investment	$	48,129	$	99,990	$	350,184	$	498,303	$	11,278,986	$	11,777,289

The Corporation’s aging of the loan portfolio held for investment by portfolio classes as of December 31, 2019 was as follows:
As of December 31, 2019
Puerto Rico and Virgin Islands region	30-59 Days Past Due		60-89 Days Past Due		90 days or more Past Due (1)(2)(3)		Total Past Due		Current		Total loans held for investment
(In thousands)
Residential mortgage loans, mainly secured by first mortgages:
FHA/VA government-guaranteed loans (2) (3) (4)	$	-	$	2,068	$	81,011	$	83,079	$	39,350	$	122,429
Conventional residential mortgage loans (4)		-		83,308		148,325		231,633		2,013,525		2,245,158
Commercial loans:
Construction loans (4)		-		105		9,782		9,887		38,359		48,246
Commercial mortgage loans (4)		-		2,681		42,298		44,979		1,034,921		1,079,900
C&I loans		1,454		105		25,519		27,078		1,364,335		1,391,413
Consumer loans:
Auto loans		35,163		8,267		12,057		55,487		1,048,873		1,104,360
Finance leases		6,501		1,402		1,354		9,257		405,275		414,532
Personal loans		4,008		2,084		1,523		7,615		266,478		274,093
Credit cards		2,896		2,096		4,411		9,403		282,887		292,290
Other consumer loans		3,870		1,575		5,016		10,461		145,395		155,856
Total loans held for investment	$	53,892	$	103,691	$	331,296	$	488,879	$	6,639,398	$	7,128,277

As of December 31, 2019
Florida region	30-59 Days Past Due		60-89 Days Past Due		90 days or more Past Due (1) (2)		Total Past Due		Current		Total loans held for investment
(In thousands)
Residential mortgage loans, mainly secured by first mortgages:
FHA/VA government-guaranteed loans (2) (3)	$	-	$	-	$	129	$	129	$	1,351	$	1,480
Conventional residential mortgage loans (3)		-		2,193		13,291		15,484		549,222		564,706
Commercial loans:
Construction loans		-		-		-		-		63,071		63,071
Commercial mortgage loans (3)		-		870		-		870		363,816		364,686
C&I loans		331		-		315		646		838,817		839,463
Consumer loans:
Auto loans		1,270		272		163		1,705		28,790		30,495
Finance leases		-		-		-		-		-		-
Personal loans		-		-		5		5		777		782
Credit cards		-		-		-		-		-		-
Other consumer loans		147		2		511		660		8,585		9,245
Total loans held for investment	$	1,748	$	3,337	$	14,414	$	19,499	$	1,854,429	$	1,873,928

As of December 31, 2019
Total	30-59 Days Past Due		60-89 Days Past Due		90 days or more Past Due (1)(2)(3)		Total Past Due		Current		Total loans held for investment
(In thousands)
Residential mortgage loans, mainly secured by first mortgages:
FHA/VA government-guaranteed loans (2) (3) (4)	$	-	$	2,068	$	81,140	$	83,208	$	40,701	$	123,909
Conventional residential mortgage loans (4)		-		85,501		161,616		247,117		2,562,747		2,809,864
Commercial loans:
Construction loans (4)		-		105		9,782		9,887		101,430		111,317
Commercial mortgage loans (4)		-		3,551		42,298		45,849		1,398,737		1,444,586
C&I loans		1,785		105		25,834		27,724		2,203,152		2,230,876
Consumer loans:
Auto loans		36,433		8,539		12,220		57,192		1,077,663		1,134,855
Finance leases		6,501		1,402		1,354		9,257		405,275		414,532
Personal loans		4,008		2,084		1,528		7,620		267,255		274,875
Credit cards		2,896		2,096		4,411		9,403		282,887		292,290
Other consumer loans		4,017		1,577		5,527		11,121		153,980		165,101
Total loans held for investment	$	55,640	$	107,028	$	345,710	$	508,378	$	8,493,827	$	9,002,205

Corporation's Credit Quality Indicators by Loan [Table Text Block]

Based on the most recent analysis performed, the amortized cost of commercial and construction loans by portfolio classes and by origination year based on the internal credit-risk category as of December 31, 2020 and the amortized cost of commercial and construction loans by portfolio classes based on the internal credit-risk category as of December 31, 2019 was as follows:
	As of December 31, 2020
Puerto Rico and Virgin Islands region	Term Loans																As of December 31, 2019
	Amortized Cost Basis by Origination Year
(In thousands)	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Total		Total
CONSTRUCTION
Risk Ratings:
Pass	$	12,676	$	33,472	$	1,768	$	15,825	$	1,920	$	3,175	$	-	$	68,836	$	35,680
Criticized:
Special Mention		-		776		-		-		-		-		-		776		-
Substandard		-		886		4,934		-		5,269		4,315		-		15,404		12,566
Doubtful		-		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-		-
Total construction loans	$	12,676	$	35,134	$	6,702	$	15,825	$	7,189	$	7,490	$	-	$	85,016	$	48,246
COMMERCIAL MORTGAGE
Risk Ratings:
Pass	$	383,847	$	264,499	$	201,344	$	183,056	$	143,673	$	334,875	$	533	$	1,511,827	$	891,298
Criticized:
Special Mention		-		81,797		71,731		119,255		8,766		11,187		-		292,736		13,080
Substandard		188		-		-		-		704		47,769		-		48,661		175,522
Doubtful		-		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-		-
Total commercial mortgage loans	$	384,035	$	346,296	$	273,075	$	302,311	$	153,143	$	393,831	$	533	$	1,853,224	$	1,079,900
COMMERCIAL AND INDUSTRIAL
Risk Ratings:
Pass	$	642,966	$	395,232	$	237,958	$	226,469	$	109,300	$	186,781	$	356,520	$	2,155,226	$	1,321,804
Criticized:
Special Mention		-		455		-		827		68		30,335		27,736		59,421		39,327
Substandard		1,389		713		2,721		18,218		1,610		24,438		995		50,084		27,265
Doubtful		-		-		-		-		-		-		-		-		2,768
Loss		-		-		-		-		-		-		-		-		249
Total commercial and industrial loans	$	644,355	$	396,400	$	240,679	$	245,514	$	110,978	$	241,554	$	385,251	$	2,264,731	$	1,391,413

					As of December 31, 2020
					Term Loans												As of December 31, 2019
Florida region					Amortized Cost Basis by Origination Year
(In thousands)	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Total		Total
CONSTRUCTION
Risk Ratings:
Pass	$	61,813	$	21,672	$	43,168	$	-	$	-	$	-	$	831	$	127,484	$	63,071
Criticized:
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-		-
Total construction loans	$	61,813	$	21,672	$	43,168	$	-	$	-	$	-	$	831	$	127,484	$	63,071
COMMERCIAL MORTGAGE
Risk Ratings:
Pass	$	48,429	$	81,161	$	39,941	$	51,733	$	28,091	$	18,577	$	23,695	$	291,627	$	364,370
Criticized:
Special Mention		16,803		23,720		6,782		5,350		10,721		17,196		4,855		85,427		-
Substandard		-		-		-		-		-		324		-		324		316
Doubtful		-		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-		-
Total commercial mortgage loans	$	65,232	$	104,881	$	46,723	$	57,083	$	38,812	$	36,097	$	28,550	$	377,378	$	364,686
COMMERCIAL AND INDUSTRIAL
Risk Ratings:
Pass	$	174,914	$	264,660	$	94,375	$	84,630	$	9,738	$	46,142	$	148,665	$	823,124	$	837,697
Criticized:
Special Mention		2,999		58,880		12,095		-		-		-		-		73,974		-
Substandard		38,727		-		-		-		-		1,697		337		40,761		1,766
Doubtful		-		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-		-
Total commercial and industrial loans	$	216,640	$	323,540	$	106,470	$	84,630	$	9,738	$	47,839	$	149,002	$	937,859	$	839,463

	As of December 31, 2020
Total	Term Loans																As of December 31, 2019
	Amortized Cost Basis by Origination Year
(In thousands)	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Total		Total
CONSTRUCTION
Risk Ratings:
Pass	$	74,489	$	55,144	$	44,936	$	15,825	$	1,920	$	3,175	$	831	$	196,320	$	98,751
Criticized:
Special Mention		-		776		-		-		-		-		-		776		-
Substandard		-		886		4,934		-		5,269		4,315		-		15,404		12,566
Doubtful		-		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-		-
Total construction loans	$	74,489	$	56,806	$	49,870	$	15,825	$	7,189	$	7,490	$	831	$	212,500	$	111,317
COMMERCIAL MORTGAGE
Risk Ratings:
Pass	$	432,276	$	345,660	$	241,285	$	234,789	$	171,764	$	353,452	$	24,228	$	1,803,454	$	1,255,668
Criticized:
Special Mention		16,803		105,517		78,513		124,605		19,487		28,383		4,855		378,163		13,080
Substandard		188		-		-		-		704		48,093		-		48,985		175,838
Doubtful		-		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-		-
Total commercial mortgage loans	$	449,267	$	451,177	$	319,798	$	359,394	$	191,955	$	429,928	$	29,083	$	2,230,602	$	1,444,586
COMMERCIAL AND INDUSTRIAL
Risk Ratings:
Pass	$	817,880	$	659,892	$	332,333	$	311,099	$	119,038	$	232,923	$	505,185	$	2,978,350	$	2,159,501
Criticized:
Special Mention		2,999		59,335		12,095		827		68		30,335		27,736		133,395		39,327
Substandard		40,116		713		2,721		18,218		1,610		26,135		1,332		90,845		29,031
Doubtful		-		-		-		-		-		-		-		-		2,768
Loss		-		-		-		-		-		-		-		-		249
Total commercial and industrial loans	$	860,995	$	719,940	$	347,149	$	330,144	$	120,716	$	289,393	$	534,253	$	3,202,590	$	2,230,876

The following table presents the amortized cost of residential mortgage loans by origination year based on the original loan-to-value-ratio (LTV) and original credit scores as of December 31, 2020 and the amortized cost of residential mortgage loans by original LTV and original credit scores as of December 31, 2019:
	As of December 31, 2020																As of December 31, 2019
	Term Loans
RESIDENTIAL MORTGAGES	Amortized Cost Basis by Origination Year
(In thousands)	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Total		Total
Puerto Rico and Virgin Islands region:
FHA/VA government-guaranteed loans	$	278	$	2,416	$	2,594	$	4,354	$	9,673	$	130,249	$	-	$	149,564	$	122,429
Conventional residential mortgage loans:
Original LTV:								`
Less than or equal to 90 percent		37,989		61,202		101,157		65,334		88,292		1,675,203		-		2,029,177		1,684,340
Greater than 90 percent but less than
or equal to 100 percent		1,644		7,106		8,319		5,565		16,431		685,984		-		725,049		460,879
Greater than 100 percent		-		939		5,449		2,765		7,362		81,898		-		98,413		99,939
Total residential mortgages in
Puerto Rico and Virgin Islands region	$	39,911	$	71,663	$	117,519	$	78,018	$	121,758	$	2,573,334	$	-	$	3,002,203	$	2,367,587
Florida region:
FHA/VA government-guaranteed loans	$	-	$	-	$	-	$	285	$	-	$	885	$	-	$	1,170	$	1,480
Conventional residential mortgage loans:
Original LTV:								`
Less than or equal to 90 percent		33,841		50,563		60,581		87,321		78,588		186,516		-		497,410		549,850
Greater than 90 percent but less than
or equal to 100 percent		8,770		2,035		2,827		4,192		2,319		1,028		-		21,171		14,796
Greater than 100 percent		-		-		-		-		-		-		-		-		60
Total residential mortgages in Florida region	$	42,611	$	52,598	$	63,408	$	91,798	$	80,907	$	188,429	$	-	$	519,751	$	566,186
Total:
FHA/VA government-guaranteed loans	$	278	$	2,416	$	2,594	$	4,639	$	9,673	$	131,134	$	-	$	150,734	$	123,909
Conventional residential mortgage loans:
Original LTV:
Less than or equal to 90 percent		71,830		111,765		161,738		152,655		166,880		1,861,719		-		2,526,587		2,234,190
Greater than 90 percent but less than
or equal to 100 percent		10,414		9,141		11,146		9,757		18,750		687,012		-		746,220		475,675
Greater than 100 percent		-		939		5,449		2,765		7,362		81,898		-		98,413		99,999
Total residential mortgages	$	82,522	$	124,261	$	180,927	$	169,816	$	202,665	$	2,761,763	$	-	$	3,521,954	$	2,933,773

	As of December 31, 2020																As of December 31, 2019
	Term Loans
RESIDENTIAL MORTGAGES	Amortized Cost Basis by Origination Year
(In thousands)	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Total		Total
Puerto Rico and Virgin Islands region:
FHA/VA government-guaranteed loans	$	278	$	2,416	$	2,594	$	4,354	$	9,673	$	130,249	$	-	$	149,564	$	122,429
Conventional residential mortgage loans:
Original FICO Score:
Less than 620		46		77		464		55		74		325,474		-		326,190		286,754
Greater than or equal to 620
and less than 680		2,144		3,370		8,309		7,416		8,721		511,349		-		541,309		416,766
Greater than or equal to 680
and less than 740		15,009		24,265		40,391		24,308		37,765		700,059		-		841,797		626,291
Greater than or equal to 740		22,434		41,535		65,761		41,885		65,525		906,203		-		1,143,343		915,347
Total residential mortgages in
Puerto Rico and Virgin Islands region	$	39,911	$	71,663	$	117,519	$	78,018	$	121,758	$	2,573,334	$	-	$	3,002,203	$	2,367,587
Florida region:
FHA/VA government-guaranteed loans	$	-	$	-	$	-	$	285	$	-	$	885	$	-	$	1,170	$	1,480
Conventional residential mortgage loans:
Original FICO Score:
Less than 620		-		-		2,509		-		-		821		-		3,330		3,485
Greater than or equal to 620
and less than 680		3,546		5,068		3,440		8,758		11,433		16,175		-		48,420		51,164
Greater than or equal to 680
and less than 740		11,810		15,520		13,810		29,118		26,707		42,232		-		139,197		151,544
Greater than or equal to 740		27,255		32,010		43,649		53,637		42,767		128,316		-		327,634		358,513
Total residential mortgages in Florida region	$	42,611	$	52,598	$	63,408	$	91,798	$	80,907	$	188,429	$	-	$	519,751	$	566,186
Total:
FHA/VA government-guaranteed loans	$	278	$	2,416	$	2,594	$	4,639	$	9,673	$	131,134	$	-	$	150,734	$	123,909
Conventional residential mortgage loans:
Original FICO Score:
Less than 620		46		77		2,973		55		74		326,295		-		329,520		290,239
Greater than or equal to 620
and less than 680		5,690		8,438		11,749		16,174		20,154		527,524		-		589,729		467,930
Greater than or equal to 680
and less than 740		26,819		39,785		54,201		53,426		64,472		742,291		-		980,994		777,835
Greater than or equal to 740		49,689		73,545		109,410		95,522		108,292		1,034,519		-		1,470,977		1,273,860
Total residential mortgages	$	82,522	$	124,261	$	180,927	$	169,816	$	202,665	$	2,761,763	$	-	$	3,521,954	$	2,933,773

The following tables present the amortized cost of consumer loans by origination year based on original credit scores as of December 31, 2020 and the amortized cost of consumer loans based on original credit scores as of December 31, 2019:
CONSUMER	As of December 31, 2020
	Term Loans																As of December 31, 2019
Puerto Rico and Virgin Islands region	Amortized Cost Basis by Origination Year
(In thousands)	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Total		Total
Auto loans
Original FICO score:
Less than 620	$	42,307	$	46,816	$	23,600	$	10,628	$	7,204	$	4,451	$	-	$	135,006	$	126,540
Greater than or equal to 620
and less than 680		134,118		141,778		88,354		37,491		17,955		10,738		-		430,434		388,890
Greater than or equal to 680
and less than 740		136,744		124,654		74,128		32,874		17,628		6,843		-		392,871		333,734
Greater than or equal to 740		129,343		95,516		48,184		26,030		15,595		5,147		-		319,815		255,196
Total auto loans	$	442,512	$	408,764	$	234,266	$	107,023	$	58,382	$	27,179	$	-	$	1,278,126	$	1,104,360
Finance leases
Original FICO score:
Less than 620	$	3,149	$	5,300	$	4,217	$	1,787	$	471	$	258	$	-	$	15,182	$	15,852
Greater than or equal to 620
and less than 680		29,292		35,683		27,540		11,798		4,565		2,302		-		111,180		100,438
Greater than or equal to 680
and less than 740		54,222		58,388		46,563		18,060		10,552		4,061		-		191,846		170,034
Greater than or equal to 740		50,234		49,626		32,861		9,124		9,722		3,214		-		154,781		128,208
Total finance leases	$	136,897	$	148,997	$	111,181	$	40,769	$	25,310	$	9,835	$	-	$	472,989	$	414,532
Personal loans
Original FICO score:
Less than 620	$	1,791	$	2,636	$	2,097	$	1,292	$	1,008	$	2,126	$	-	$	10,950	$	8,197
Greater than or equal to 620
and less than 680		9,650		23,969		9,730		3,793		1,441		1,082		-		49,665		52,712
Greater than or equal to 680
and less than 740		35,466		64,509		30,386		15,974		8,921		5,224		-		160,480		114,147
Greater than or equal to 740		30,781		55,421		31,084		16,144		8,794		4,398		-		146,622		98,668
Unscorable		673		1,722		868		479		234		318		-		4,294		369
Total personal loans	$	78,361	$	148,257	$	74,165	$	37,682	$	20,398	$	13,148	$	-	$	372,011	$	274,093
Credit cards
Original FICO score:
Less than 620	$	-	$	-	$	-	$	-	$	-	$	-	$	12,978	$	12,978	$	11,247
Greater than or equal to 620
and less than 680		-		-		-		-		-		-		60,961		60,961		57,643
Greater than or equal to 680
and less than 740		-		-		-		-		-		-		137,563		137,563		126,977
Greater than or equal to 740		-		-		-		-		-		-		103,938		103,938		96,423
Unscorable		-		-		-		-		-		-		4,384		4,384		-
Total credit cards	$	-	$	-	$	-	$	-	$	-	$	-	$	319,824	$	319,824	$	292,290
Other consumer loans
Original FICO score:
Less than 620	$	4,815	$	10,358	$	2,760	$	1,699	$	601	$	377	$	3,130	$	23,740	$	28,251
Greater than or equal to 620
and less than 680		18,443		23,746		7,059		3,616		1,408		5,829		1,566		61,667		68,727
Greater than or equal to 680
and less than 740		13,415		13,031		4,743		2,142		753		1,906		2,612		38,602		41,914
Greater than or equal to 740		4,270		3,581		1,161		571		215		409		1,328		11,535		13,359
Unscorable		-		-		-		-		-		1,645		2,793		4,438		3,605
Total other consumer loans	$	40,943	$	50,716	$	15,723	$	8,028	$	2,977	$	10,166	$	11,429	$	139,982	$	155,856
Total consumer loans in Puerto Rico and Virgin Islands region	$	698,713	$	756,734	$	435,335	$	193,502	$	107,067	$	60,328	$	331,253	$	2,582,932	$	2,241,131

CONSUMER	As of December 31, 2020
	Term Loans																As of December 31, 2019
Florida region	Amortized Cost Basis by Origination Year
(In thousands)	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Total		Total
Auto loans
Original FICO score:
Less than 620	$	-	$	37	$	824	$	703	$	589	$	116	$	-	$	2,269	$	3,857
Greater than or equal to 620
and less than 680		-		518		3,833		3,029		1,355		307		-		9,042		15,052
Greater than or equal to 680
and less than 740		-		354		2,788		1,340		505		107		-		5,094		8,590
Greater than or equal to 740		-		226		1,315		266		75		11		-		1,893		2,996
Total auto loans	$	-	$	1,135	$	8,760	$	5,338	$	2,524	$	541	$	-	$	18,298	$	30,495
Finance leases
Original FICO score:
Less than 620	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Greater than or equal to 620
and less than 680		-		-		-		-		-		-		-		-		-
Greater than or equal to 680
and less than 740		-		-		-		-		-		-		-		-		-
Greater than or equal to 740		-		-		-		-		-		-		-		-		-
Total finance leases	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Personal loans
Original FICO score:
Less than 620	$	102	$	5	$	-	$	-	$	-	$	-	$	-	$	107	$	593
Greater than or equal to 620
and less than 680		8		-		-		-		-		-		-		8		-
Greater than or equal to 680
and less than 740		-		38		-		-		-		-		-		38		85
Greater than or equal to 740		4		-		-		-		-		-		-		4		71
Unscorable		-		-		-		-		-		-		-		-		33
Total personal loans	$	114	$	43	$	-	$	-	$	-	$	-	$	-	$	157	$	782
Credit cards
Original FICO score:
Less than 620	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Greater than or equal to 620
and less than 680		-		-		-		-		-		-		-		-		-
Greater than or equal to 680
and less than 740		-		-		-		-		-		-		-		-		-
Greater than or equal to 740		-		-		-		-		-		-		-		-		-
Total credit cards	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Other consumer loans
Original FICO score:
Less than 620	$	-	$	-	$	-	$	-	$	-	$	-	$	164	$	164	$	83
Greater than or equal to 620
and less than 680		188		-		-		109		27		610		89		1,023		874
Greater than or equal to 680
and less than 740		178		-		42		50		322		1,094		494		2,180		2,559
Greater than or equal to 740		131		-		-		24		219		2,589		1,926		4,889		5,573
Unscorable		-		-		-		-		-		-		-		-		156
Total other consumer loans	$	497	$	-	$	42	$	183	$	568	$	4,293	$	2,673	$	8,256	$	9,245
Total consumer loans in Florida region	$	611	$	1,178	$	8,802	$	5,521	$	3,092	$	4,834	$	2,673	$	26,711	$	40,522

CONSUMER	As of December 31, 2020
	Term Loans																As of December 31, 2019
Total	Amortized Cost Basis by Origination Year
(In thousands)	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Total		Total
Auto loans
Original FICO score:
Less than 620	$	42,307	$	46,853	$	24,424	$	11,331	$	7,793	$	4,567	$	-	$	137,275	$	130,397
Greater than or equal to 620
and less than 680		134,118		142,296		92,187		40,520		19,310		11,045		-		439,476		403,942
Greater than or equal to 680
and less than 740		136,744		125,008		76,916		34,214		18,133		6,950		-		397,965		342,324
Greater than or equal to 740		129,343		95,742		49,499		26,296		15,670		5,158		-		321,708		258,192
Total auto loans	$	442,512	$	409,899	$	243,026	$	112,361	$	60,906	$	27,720	$	-	$	1,296,424	$	1,134,855
Finance leases
Original FICO score:
Less than 620	$	3,149	$	5,300	$	4,217	$	1,787	$	471	$	258	$	-	$	15,182	$	15,852
Greater than or equal to 620
and less than 680		29,292		35,683		27,540		11,798		4,565		2,302		-		111,180		100,438
Greater than or equal to 680
and less than 740		54,222		58,388		46,563		18,060		10,552		4,061		-		191,846		170,034
Greater than or equal to 740		50,234		49,626		32,861		9,124		9,722		3,214		-		154,781		128,208
Total finance leases	$	136,897	$	148,997	$	111,181	$	40,769	$	25,310	$	9,835	$	-	$	472,989	$	414,532
Personal loans
Original FICO score:
Less than 620	$	1,893	$	2,641	$	2,097	$	1,292	$	1,008	$	2,126	$	-	$	11,057	$	8,790
Greater than or equal to 620
and less than 680		9,658		23,969		9,730		3,793		1,441		1,082		-		49,673		52,712
Greater than or equal to 680
and less than 740		35,466		64,547		30,386		15,974		8,921		5,224		-		160,518		114,232
Greater than or equal to 740		30,785		55,421		31,084		16,144		8,794		4,398		-		146,626		98,739
Unscorable		673		1,722		868		479		234		318		-		4,294		402
Total personal loans	$	78,475	$	148,300	$	74,165	$	37,682	$	20,398	$	13,148	$	-	$	372,168	$	274,875
Credit cards
Original FICO score:
Less than 620	$	-	$	-	$	-	$	-	$	-	$	-	$	12,978	$	12,978	$	11,247
Greater than or equal to 620
and less than 680		-		-		-		-		-		-		60,961		60,961		57,643
Greater than or equal to 680
and less than 740		-		-		-		-		-		-		137,563		137,563		126,977
Greater than or equal to 740		-		-		-		-		-		-		103,938		103,938		96,423
Unscorable		-		-		-		-		-		-		4,384		4,384		-
Total credit cards	$	-	$	-	$	-	$	-	$	-	$	-	$	319,824	$	319,824	$	292,290
Other consumer loans
Original FICO score:
Less than 620	$	4,815	$	10,358	$	2,760	$	1,699	$	601	$	377	$	3,294	$	23,904	$	28,334
Greater than or equal to 620
and less than 680		18,631		23,746		7,059		3,725		1,435		6,439		1,655		62,690		69,601
Greater than or equal to 680
and less than 740		13,593		13,031		4,785		2,192		1,075		3,000		3,106		40,782		44,473
Greater than or equal to 740		4,401		3,581		1,161		595		434		2,998		3,254		16,424		18,932
Unscorable		-		-		-		-		-		1,645		2,793		4,438		3,761
Total other consumer loans	$	41,440	$	50,716	$	15,765	$	8,211	$	3,545	$	14,459	$	14,102	$	148,238	$	165,101
Total consumer loans	$	699,324	$	757,912	$	444,137	$	199,023	$	110,159	$	65,162	$	333,926	$	2,609,643	$	2,281,653

Changes in Allowance for Loan and Lease Losses [Table Text Block]

The following table presents the activity in the ACL on loans and finance leases by portfolio segment for the indicated periods:
	Residential Mortgage Loans		Construction Loans		Commercial Mortgage		Commercial & Industrial Loans		Consumer Loans		Total
Year Ended December 31,2020
(In thousands)
Allowance for credit losses:
Beginning balance, prior to adoption ASC 326	$	44,806	$	2,370	$	39,194	$	15,198	$	53,571	$	155,139
Impact of adopting ASC 326		49,837		797		(19,306)		14,731		35,106		81,165
Allowance established for acquired PCD loans		12,739		-		9,723		1,830		4,452		28,744
Provision for credit losses (1)		22,427		2,105		81,125		6,627		56,433		168,717
Charge-offs		(11,017)		(76)		(3,330)		(3,634)		(46,483)		(64,540)
Recoveries		1,519		184		1,936		3,192		9,831		16,662
Ending balance	$	120,311	$	5,380	$	109,342	$	37,944	$	112,910	$	385,887

	Residential Mortgage Loans		Construction Loans		Commercial Mortgage		Commercial & Industrial Loans		Consumer Loans		Total
Year Ended December 31,2019
(In thousands)
Allowance for credit losses:
Beginning balance	$	50,794	$	3,592	$	55,581	$	32,546	$	53,849	$	196,362
Provision (release) for credit losses		14,091		(1,496)		(1,697)		(13,696)		43,023		40,225
Charge-offs		(22,742)		(391)		(15,088)		(7,206)		(52,160)		(97,587)
Recoveries		2,663		665		398		3,554		8,859		16,139
Ending balance	$	44,806	$	2,370	$	39,194	$	15,198	$	53,571	$	155,139

	Residential Mortgage Loans		Construction Loans		Commercial Mortgage		Commercial & Industrial Loans		Consumer Loans		Total
Year Ended December 31, 2018
(In thousands)
Allowance for credit losses:
Beginning balance	$	58,975	$	4,522	$	48,493	$	48,871	$	70,982	$	231,843
Provision (release) for credit losses (2)		13,202		7,032		23,074		(8,440)		24,385		59,253
Charge-offs (2)		(24,775)		(8,296)		(23,911)		(9,704)		(50,106)		(116,792)
Recoveries		3,392		334		7,925		1,819		8,588		22,058
Ending balance	$	50,794	$	3,592	$	55,581	$	32,546	$	53,849	$	196,362

The tables below present the ACL related to loans and finance leases and the carrying values of loans by portfolio segment as of December 31, 2020 and December 31, 2019:
As of December 31,2020	Residential Mortgage Loans			Construction Loans			Commercial Mortgage						Consumer Loans
										Commercial and Industrial Loans (1)
(Dollars in thousands)																Total
Total loans held for investment:
Amortized cost of loans	$	3,521,954		$	212,500		$	2,230,602		$	3,202,590		$	2,609,643		$	11,777,289
Allowance for credit losses		120,311			5,380			109,342			37,944			112,910			385,887
Allowance for credit losses to
amortized cost		3.42	%		2.53	%		4.90	%		1.18	%		4.33	%		3.28	%

As of December 31, 2019	Residential Mortgage Loans			Construction Loans			Commercial Mortgage Loans						Consumer Loans
										Commercial and Industrial Loans
(Dollars in thousands)																Total
Total loans held for investment:
Amortized cost of loans	$	2,933,773		$	111,317		$	1,444,586		$	2,230,876		$	2,281,653		$	9,002,205
Allowance for credit losses		44,806			2,370			39,194			15,198			53,571			155,139
Allowance for credit losses to
amortized cost		1.53	%		2.13	%		2.71	%		0.68	%		2.35	%		1.72	%
____________

The following table presents the activity in the ACL for unfunded loan commitments and standby letters of credit for the years ended December 31, 2020, 2019 and 2018:

	Year Ended
	December 31,
	2020		2019		2018
(In thousands)
Beginning Balance	$	-	$	412	$	676
Impact of adopting ASC 326		3,922		-		-
Provision (release) for credit losses		1,183		(412)		(264)
Ending balance	$	5,105	$	-	$	412

Financing Receivable Purchase With Credit Deterioration [Table Text Block]

The following table reconciles the difference between the purchase price of the PCD acquired loans in conjunction with the BSPR acquisition completed on September 1, 2020 and the par value:
	Residential Mortgage		Construction		Commercial Mortgage		C&I		Consumer		Total
(In thousands)
Purchase price of loans at acquisition (initial fair value)	$	322,345	$	-	$	180,950	$	194,572	$	54,959	$	752,826
ACL at acquisition		12,739		-		9,723		1,830		4,452		28,744
Non-credit discount (premium) at acquisition		3,075		-		2,783		(95)		(1,284)		4,479
Par value of acquired loans at acquisition	$	338,159	$	-	$	193,456	$	196,307	$	58,127	$	786,049

Collateral Pledged [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

Loan Portfolio Held for Investment [Table Text Block]

The following tables present information about collateral dependent loans that were individually evaluated for purposes of determining the ACL as of December 31, 2020:
		Collateral Dependent Loans - With Specific Allowance			Collateral Dependent Loans - With No Related Specific Allowance		Collateral Dependent Loans - Total
Puerto Rico and Virgin Islands region	Amortized Cost (1)		Related Specific Allowance		Amortized Cost (1)		Amortized Cost (1)		Related Specific Allowance
(In thousands)
Residential mortgage loans:
FHA/VA government-guaranteed loans	$	-	$	-	$	-	$	-	$	-
Conventional residential mortgage loans		100,950		9,582		7,145		108,095		9,582
Commercial loans:
Construction loans		6,036		500		6,125		12,161		500
Commercial mortgage loans		17,882		1,923		49,241		67,123		1,923
C&I loans		21,933		880		24,728		46,661		880
Consumer loans:
Auto loans		-		-		-		-		-
Finance leases		-		-		-		-		-
Personal loans		146		2		-		146		2
Credit cards		-		-		-		-		-
Other consumer loans		857		113		-		857		113
	$	147,804	$	13,000	$	87,239	$	235,043	$	13,000

		Collateral Dependent Loans - With Specific Allowance			Collateral Dependent Loans - With No Related Specific Allowance		Collateral Dependent Loans - Total
Florida region	Amortized Cost (1)		Related Specific Allowance		Amortized Cost (1)		Amortized Cost (1)		Related Specific Allowance
(In thousands)
Residential mortgage loans:
FHA/VA government-guaranteed loans	$	-	$	-	$	-	$	-	$	-
Conventional residential mortgage loans		6,224		988		2,400		8,624		988
Commercial loans:
Construction loans		-		-		-		-		-
Commercial mortgage loans		-		-		2,327		2,327		-
C&I loans		-		-		561		561		-
Consumer loans:
Auto loans		-		-		-		-		-
Finance leases		-		-		-		-		-
Personal loans		-		-		-		-		-
Credit cards		-		-		-		-		-
Other consumer loans		248		83		-		248		83
	$	6,472	$	1,071	$	5,288	$	11,760	$	1,071

		Collateral Dependent Loans - With Specific Allowance			Collateral Dependent Loans - With No Related Specific Allowance		Collateral Dependent Loans - Total
Total	Amortized Cost (1)		Related Specific Allowance		Amortized Cost (1)		Amortized Cost (1)		Related Specific Allowance
(In thousands)
Residential mortgage loans:
FHA/VA government-guaranteed loans	$	-	$	-	$	-	$	-	$	-
Conventional residential mortgage loans		107,174		10,570		9,545		116,719		10,570
Commercial loans:
Construction loans		6,036		500		6,125		12,161		500
Commercial mortgage loans		17,882		1,923		51,568		69,450		1,923
C&I loans		21,933		880		25,289		47,222		880
Consumer loans:
Auto loans		-		-		-		-		-
Finance leases		-		-		-		-		-
Personal loans		146		2		-		146		2
Credit cards		-		-		-		-		-
Other consumer loans		1,105		196		-		1,105		196
	$	154,276	$	14,071	$	92,527	$	246,803	$	14,071

AB Note Restructure Workout Strategy [Member]

Accounts, Notes, Loans and Financing 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 as of December 31, 2020, 2019, and 2018, and its effect on the ACL in 2020, 2019 and 2018:
	Year Ended
	December 31, 2020
(In thousands)	Commercial Mortgage loans		C&I loans		Construction loans		Total
Beginning balance of A/B Notes	$	22,749	$	26,596	$	1,883	$	51,228
New TDR loan splits		-		-		-		-
Increase to existing TDRs		-		738		-		738
Paid-off and partial payments		(3,187)		(284)		(321)		(3,792)
Charge-offs		(3,087)		-		-		(3,087)
Ending balance of A/B Notes	$	16,475	$	27,050	$	1,562	$	45,087
	Year Ended
	December 31, 2019
(In thousands)	Commercial Mortgage loans		C&I loans		Construction loans		Total
Beginning balance of A/B Notes	$	3,003	$	28,406	$	2,431	$	33,840
New TDR loan splits		20,059		-		-		20,059
Increase to existing TDRs		-		-		-		-
Paid-off and partial payments		(313)		(1,810)		(548)		(2,671)
Charge-offs		-		-		-		-
Ending balance of A/B Notes	$	22,749	$	26,596	$	1,883	$	51,228
	Year Ended
	December 31, 2018
(In thousands)	Commercial Mortgage loans		C&I loans		Construction loans		Total
Beginning balance of A/B Notes	$	3,098	$	32,479	$	-	$	35,577
New TDR loan splits		29,601		-		2,503		32,104
Increase to existing TDRs		-		-		-		-
Paid-off and partial payments		(29,696)		(4,073)		(72)		(33,841)
Charge-offs		-		-		-		-
Ending balance of A/B Notes	$	3,003	$	28,406	$	2,431	$	33,840

	Year Ended
	December 31, 2020
(In thousands)	Commercial Mortgage loans		C&I loans		Construction loans		Total
ACL at the beginning of the year for A/B Notes	$	3,516	$	14	$	-	$	3,530
Impact of adopting ASC 326		(415)		89		-		(326)
(Releases) charges to the provision
for credit losses		(14)		298		-		284
Charge-offs		(3,087)		-		-		(3,087)
ACL at the end of the year for A/B Notes	$	-	$	401	$	-	$	401
	Year Ended
	December 31, 2019
(In thousands)	Commercial Mortgage loans		C&I loans		Construction loans		Total
ACL at the beginning of the year for A/B Notes	$	-	$	473	$	-	$	473
Charges (releases) to the provision
for credit losses		3,516		(459)		-		3,057
Charge-offs		-		-		-		-
ACL at the end of the year for A/B Notes	$	3,516	$	14	$	-	$	3,530
	Year Ended
	December 31, 2018
(In thousands)	Commercial Mortgage loans		C&I loans		Construction loans		Total
ACL at the beginning of the year for A/B Notes	$	-	$	3,846	$	-	$	3,846
(Releases) Charges to the provision
for credit losses		(7,416)		(3,373)		-		(10,789)
Net loan loss recoveries		7,416		-		-		7,416
ACL at the end of the year for A/B Notes	$	-	$	473	$	-	$	473

TDR

Accounts, Notes, Loans and Financing Receivable [Line Items]

Troubled Debt Restructurings On Financing Receivables Table [Text Block]

Selected information on the Corporation’s TDR loans held for investment based on the amortized cost by loan class and modification type is summarized in the following tables as of the indicated dates:
	As of December 31, 2020
Puerto Rico and Virgin Islands region	Interest rate below market		Maturity or term extension		Combination of reduction in interest rate and extension of maturity		Forgiveness of principal and/or interest		Forbearance Agreement		Other (1)		Total
(In thousands)
TDRs:
Conventional residential mortgage loans	$	17,740	$	11,125	$	211,155	$	-	$	223	$	66,694	$	306,937
Construction loans		21		1,700		1,516		-		-		186		3,423
Commercial mortgage loans		1,491		1,380		35,714		-		16,473		6,765		61,823
C&I loans		238		12,267		14,119		-		17,890		35,744		80,258
Consumer loans:
Auto loans		-		474		4,863		-		-		6,112		11,449
Finance leases		-		15		588		-		-		541		1,144
Personal loans		58		9		571		-		-		286		924
Credit cards		-		-		2,342		16		-		-		2,358
Other consumer loans		1,602		991		572		193		-		343		3,701
Total TDRs in Puerto Rico
and Virgin Islands region	$	21,150	$	27,961	$	271,440	$	209	$	34,586	$	116,671	$	472,017

	As of December 31, 2020
Florida region	Interest rate below market		Maturity or term extension		Combination of reduction in interest rate and extension of maturity		Forgiveness of principal and/or interest		Forbearance Agreement		Other (1)		Total
(In thousands)
TDRs:
Conventional residential mortgage loans	$	989	$	401	$	2,257	$	-	$	-	$	22	$	3,669
Construction loans		-		-		-		-		-		-		-
Commercial mortgage loans		-		834		1,781		-		-		-		2,615
C&I loans		-		-		-		-		-		224		224
Consumer loans:
Auto loans		-		55		15		-		-		-		70
Finance leases		-		-		-		-		-		-		-
Personal loans		-		-		-		-		-		-		-
Credit cards		-		-		-		-		-		-		-
Other consumer loans		37		-		172		-		-		392		601
Total TDRs in Florida Region	$	1,026	$	1,290	$	4,225	$	-	$	-	$	638	$	7,179

	As of December 31, 2020
Total	Interest rate below market		Maturity or term extension		Combination of reduction in interest rate and extension of maturity		Forgiveness of principal and/or interest		Forbearance Agreement		Other (1)		Total
(In thousands)
TDRs:
Conventional residential mortgage loans	$	18,729	$	11,526	$	213,412	$	-	$	223	$	66,716	$	310,606
Construction loans		21		1,700		1,516		-		-		186		3,423
Commercial mortgage loans		1,491		2,214		37,495		-		16,473		6,765		64,438
C&I loans		238		12,267		14,119		-		17,890		35,968		80,482
Consumer loans:
Auto loans		-		529		4,878		-		-		6,112		11,519
Finance leases		-		15		588		-		-		541		1,144
Personal loans		58		9		571		-		-		286		924
Credit cards		-		-		2,342		16		-		-		2,358
Other consumer loans		1,639		991		744		193		-		735		4,302
Total TDRs	$	22,176	$	29,251	$	275,665	$	209	$	34,586	$	117,309	$	479,196

	As of December 31, 2019
Puerto Rico and Virgin Islands region	Interest rate below market		Maturity or term extension		Combination of reduction in interest rate and extension of maturity		Forgiveness of principal and/or interest		Forbearance Agreement		Other (1)		Total
(In thousands)
TDRs:
Conventional residential mortgage loans	$	18,561	$	11,188	$	219,618	$	-	$	142	$	63,638	$	313,147
Construction loans		24		2,469		1,639		-		-		189		4,321
Commercial mortgage loans		909		1,414		39,131		-		19,848		8,149		69,451
C&I loans		579		16,160		12,077		142		692		36,884		66,534
Consumer loans:
Auto loans		-		801		7,374		-		-		6,249		14,424
Finance leases		-		40		1,066		-		-		426		1,532
Personal loans		26		43		845		-		-		159		1,073
Credit cards		-		-		2,767		24		-		-		2,791
Other consumer loans		2,020		1,196		770		180		-		337		4,503
Total TDRs in Puerto Rico
and Virgin Islands region	$	22,119	$	33,311	$	285,287	$	346	$	20,682	$	116,031	$	477,776

	As of December 31, 2019
Florida region	Interest rate below market		Maturity or term extension		Combination of reduction in interest rate and extension of maturity		Forgiveness of principal and/or interest		Forbearance Agreement		Other (1)		Total
(In thousands)
TDRs:
Conventional residential mortgage loans	$	1,009	$	412	$	2,049	$	-	$	-	$	32	$	3,502
Construction loans		-		-		-		-		-		-		-
Commercial mortgage loans		2,901		862		1,765		-		-		-		5,528
C&I loans		-		-		-		-		-		315		315
Consumer loans:
Auto loans		-		97		19		-		-		-		116
Finance leases		-		-		-		-		-		-		-
Personal loans		-		-		-		-		-		-		-
Credit cards		-		-		-		-		-		-		-
Other consumer loans		39		-		183		-		-		538		760
Total TDRs in Florida region	$	3,949	$	1,371	$	4,016	$	-	$	-	$	885	$	10,221

	As of December 31, 2019
Total	Interest rate below market		Maturity or term extension		Combination of reduction in interest rate and extension of maturity		Forgiveness of principal and/or interest		Forbearance Agreement		Other (1)		Total
(In thousands)
TDRs:
Conventional residential mortgage loans	$	19,570	$	11,600	$	221,667	$	-	$	142	$	63,670	$	316,649
Construction loans		24		2,469		1,639		-		-		189		4,321
Commercial mortgage loans		3,810		2,276		40,896		-		19,848		8,149		74,979
C&I loans		579		16,160		12,077		142		692		37,199		66,849
Consumer loans:
Auto loans		-		898		7,393		-		-		6,249		14,540
Finance leases		-		40		1,066		-		-		426		1,532
Personal loans		26		43		845		-		-		159		1,073
Credit cards		-		-		2,767		24		-		-		2,791
Other consumer loans		2,059		1,196		953		180		-		875		5,263
Total TDRs	$	26,068	$	34,682	$	289,303	$	346	$	20,682	$	116,916	$	487,997

The following table presents the Corporation’s TDR loans held for investment activity for the indicated periods:
	Year Ended		Year Ended		Year Ended
	December 31,2020		December 31,2019		December 31, 2018
(In thousands)
Beginning balance of TDRs	$	487,997	$	582,647	$	587,219
New TDRs		36,319		63,433		171,857
Increases to existing TDRs		6,009		1,840		7,027
Charge-offs post-modification (1)		(11,122)		(10,342)		(27,951)
Foreclosures		(2,015)		(12,872)		(21,591)
TDRs transferred to held for sale, net of charge-offs		-		-		(34,541)
Paid-off, partial payments and other (2)		(37,992)		(136,709)		(99,373)
Ending balance of TDRs	$	479,196	$	487,997	$	582,647

The following tables provide a breakdown of the TDR loans held for investment by those in accrual and nonaccrual status as of the indicated dates:
December 31, 2020	Puerto Rico and
	Virgin Islands region						Florida region						Total
	Accrual		Nonaccrual		Total TDRs		Accrual		Nonaccrual		Total TDRs		Accrual		Nonaccrual (1)		Total TDRs
(In thousands)
Conventional residential mortgage loans	$	253,421	$	53,516	$	306,937	$	3,358	$	311	$	3,669	$	256,779	$	53,827	$	310,606
Construction loans		2,480		943		3,423		-		-		-		2,480		943		3,423
Commercial mortgage loans		43,012		18,811		61,823		2,615		-		2,615		45,627		18,811		64,438
C&I loans		73,649		6,609		80,258		-		224		224		73,649		6,833		80,482
Consumer loans:
Auto loans		6,481		4,968		11,449		70		-		70		6,551		4,968		11,519
Finance leases		1,125		19		1,144		-		-		-		1,125		19		1,144
Personal loans		920		4		924		-		-		-		920		4		924
Credit Cards		2,358		-		2,358		-		-		-		2,358		-		2,358
Other consumer loans		3,274		427		3,701		564		37		601		3,838		464		4,302
Total TDRs	$	386,720	$	85,297	$	472,017	$	6,607	$	572	$	7,179	$	393,327	$	85,869	$	479,196

December 31, 2019	Puerto Rico and
	Virgin Islands region						Florida region						Total
	Accrual		Nonaccrual		Total TDRs		Accrual		Nonaccrual		Total TDRs		Accrual		Nonaccrual (1)		Total TDRs
(In thousands)
Conventional residential mortgage loans	$	262,244	$	50,903	$	313,147	$	3,502	$	-	$	3,502	$	265,746	$	50,903	$	316,649
Construction loans		3,238		1,083		4,321		-		-		-		3,238		1,083		4,321
Commercial mortgage loans		45,534		23,917		69,451		5,528		-		5,528		51,062		23,917		74,979
C&I loans		59,689		6,845		66,534		-		315		315		59,689		7,160		66,849
Consumer loans:
Auto loans		8,440		5,984		14,424		116		-		116		8,556		5,984		14,540
Finance leases		1,502		30		1,532		-		-		-		1,502		30		1,532
Personal loans		1,052		21		1,073		-		-		-		1,052		21		1,073
Credit Cards		2,791		-		2,791		-		-		-		2,791		-		2,791
Other consumer loans		3,898		605		4,503		723		37		760		4,621		642		5,263
Total TDRs	$	388,388	$	89,388	$	477,776	$	9,869	$	352	$	10,221	$	398,257	$	89,740	$	487,997

Loan modifications that are considered TDR loans completed during 2020, 2019 and 2018 were as follows:
Year Ended December 31, 2020
	Puerto Rico and Virgin Islands region					Florida region					Total
	Number of contracts	Pre-modification Amortized Cost		Post-modification Amortized Cost		Number of contracts	Pre-modification Amortized Cost		Post-modification Amortized Cost		Number of contracts	Pre-modification Amortized Cost		Post-modification Amortized Cost
(Dollars in thousands)
TDRs:
Conventional residential mortgage loans	103	$	9,027	$	8,307	-	$	-	$	-	103	$	9,027	$	8,307
Construction loans	-		-		-	-		-		-	-		-		-
Commercial mortgage loans	5		824		824	-		-		-	5		824		824
C&I loans	14		22,544		22,524	-		-		-	14		22,544		22,524
Consumer loans:
Auto loans	163		2,635		2,623	-		-		-	163		2,635		2,623
Finance leases	29		408		408	-		-		-	29		408		408
Personal loans	30		306		305	-		-		-	30		306		305
Credit Cards	159		783		783	-		-		-	159		783		783
Other consumer loans	144		590		522	1		23		23	145		613		545
Total TDRs	647	$	37,117	$	36,296	1	$	23	$	23	648	$	37,140	$	36,319

Year Ended December 31, 2019
	Puerto Rico and Virgin Islands region					Florida region					Total
	Number of contracts	Pre-modification Amortized Cost		Post-modification Amortized Cost		Number of contracts	Pre-modification Amortized Cost		Post-modification Amortized Cost		Number of contracts	Pre-modification Amortized Cost		Post-modification Amortized Cost
(Dollars in thousands)
TDRs:
Conventional residential mortgage loans	118	$	14,606	$	14,084	-	$	-	$	-	118	$	14,606	$	14,084
Construction loans	4		118		117	-		-		-	4		118		117
Commercial mortgage loans	13		40,988		38,750	-		-		-	13		40,988		38,750
C&I loans	14		1,754		1,750	-		-		-	14		1,754		1,750
Consumer loans:
Auto loans	253		4,168		4,121	3		33		33	256		4,201		4,154
Finance leases	42		804		801	-		-		-	42		804		801
Personal loans	53		502		499	-		-		-	53		502		499
Credit Cards	153		800		800	-		-		-	153		800		800
Other consumer loans	656		2,411		2,478	-		-		-	656		2,411		2,478
Total TDRs	1,306	$	66,151	$	63,400	3	$	33	$	33	1,309	$	66,184	$	63,433

Year Ended December 31, 2018
	Puerto Rico and Virgin Islands region					Florida region					Total
	Number of contracts	Pre-modification Amortized Cost		Post-modification Amortized Cost		Number of contracts	Pre-modification Amortized Cost		Post-modification Amortized Cost		Number of contracts	Pre-modification Amortized Cost		Post-modification Amortized Cost
(Dollars in thousands)
TDRs:
Conventional residential mortgage loans	104	$	14,827	$	14,159	-	$	-	$	-	104	$	14,827	$	14,159
Construction loans	2		684		655	-		-		-	2		684		655
Commercial mortgage loans	11		138,994		138,785	-		-		-	11		138,994		138,785
C&I loans	10		9,141		8,786	-		-		-	10		9,141		8,786
Consumer loans:
Auto loans	267		4,229		4,218	18		271		271	285		4,500		4,489
Finance leases	48		1,001		987	-		-		-	48		1,001		987
Personal loans	54		605		603	-		-		-	54		605		603
Credit Cards	203		1,193		1,193	-		-		-	203		1,193		1,193
Other consumer loans	511		2,137		2,200	-		-		-	511		2,137		2,200
Total TDRs	1,210	$	172,811	$	171,586	18	$	271	$	271	1,228	$	173,082	$	171,857

Loan modifications considered TDR loans that defaulted during the years ended December 31, 2020, 2019, and 2018, and had become TDR loans during the 12-months preceding the default date, were as follows:
	Year Ended December 31,
	2020			2019			2018
Puerto Rico and Virgin Islands region	Number of contracts	Amortized Cost		Number of contracts	Amortized Cost		Number of contracts	Amortized Cost
(Dollars in thousands)
Conventional residential mortgage loans	10	$	2,380	11	$	2,019	15	$	1,994
Construction loans	-		-	-		-	-		-
Commercial mortgage loans	-		-	-		-	-		-
C&I loans	3		124	-		-	-		-
Consumer loans:
Auto loans	55		947	130		2,221	62		1,003
Finance leases	1		5	1		14	1		22
Personal loans	1		7	1		9	2		26
Credit cards	47		228	-		-	-		-
Other consumer loans	58		209	77		238	54		180
Total Puerto Rico and Virgin Islands region	175	$	3,900	220	$	4,501	134	$	3,225

	Year Ended December 31,
	2020			2019			2018
Florida region	Number of contracts	Amortized Cost		Number of contracts	Amortized Cost		Number of contracts	Amortized Cost
(Dollars in thousands)
Conventional residential mortgage loans	-	$	-	-	$	-	-	$	-
Construction loans	-		-	-		-	-		-
Commercial mortgage loans	-		-	-		-	-		-
C&I loans	-		-	-		-	-		-
Consumer loans:
Auto loans	-		-	-		-	-		-
Finance leases	-		-	-		-	-		-
Personal loans	-		-	-		-	-		-
Credit cards	-		-	-		-	-		-
Other consumer loans	-		-	-		-	-		-
Total in Florida region	-	$	-	-	$	-	-	$	-

	Year Ended December 31,
	2020			2019			2018
Total	Number of contracts	Amortized Cost		Number of contracts	Amortized Cost		Number of contracts	Amortized Cost
(Dollars in thousands)
Conventional residential mortgage loans	10	$	2,380	11	$	2,019	15	$	1,994
Construction loans	-		-	-		-	-		-
Commercial mortgage loans	-		-	-		-	-		-
C&I loans	3		124	-		-	-		-
Consumer loans:
Auto loans	55		947	130		2,221	62		1,003
Finance leases	1		5	1		14	1		22
Personal loans	1		7	1		9	2		26
Credit cards	47		228	-		-	-		-
Other consumer loans	58		209	77		238	54		180
Total	175	$	3,900	220	$	4,501	134	$	3,225