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PREMISES AND EQUIPMENT
 12 Months Ended
Dec. 31, 2021
Property Plant And Equipment [Abstract]  
Property Plant And Equipment Disclosure [Text Block]
NOTE 13 – PREMISES AND EQUIPMENT
Premises and equipment comprise:
Useful Life Range In Years
As of December 31,
Minimum
Maximum
2021
2020
(Dollars in thousands)
Buildings and improvements
10
35
$
138,524
$
138,686
Leasehold improvements
1
10
79,419
82,034
Furniture and equipment
2
10
148,171
224,623
366,114
445,343
Accumulated depreciation and amortization
(251,659)
(318,659)
114,455
126,684
Land
23,873
23,873
Projects in progress
8,089
7,652
 
Total premises and equipment,
 
net
$
146,417
$
158,209
Depreciation
 
and
 
amortization
 
expense
 
amounted
 
to
 
$
25.0
 
million,
 
$
20.1
 
million,
 
and
 
$
17.6
 
million
 
for
 
the
 
years
 
ended
December 31, 2021, 2020, and 2019, respectively.
During the year ended December 31, 2021 the
 
Corporation received insurance proceeds of $
0.6
 
million related to the settlement and
collection of an insurance claim associated with a damage property.
 
This amount is included as part of other non-interest income in the
consolidated statements of income.
During
 
2020,
 
the
 
Corporation
 
received
 
insurance
 
proceeds
 
of
 
$
5.0
 
million
 
resulting
 
from
 
the
 
final
 
settlement
 
of
 
the
 
business
interruption insurance claim
 
related to lost profits caused
 
by Hurricanes Irma and
 
Maria. This amount is included
 
as part of other non-
interest
 
income
 
in
 
the
 
consolidated
 
statements
 
of
 
income.
 
In addition,
 
during
 
2020,
 
the Corporation
 
received
 
insurance proceeds
 
of
$
1.2
 
million related to hurricane-related expenses claims recorded as a contra-account
 
of non-interest expenses, primarily consisting of
occupancy and equipment costs.
 
During 2019, the Corporation received
 
insurance proceeds of $
0.6
 
million related to casualty losses incurred
 
at some facilities. The
insurance proceeds were
 
recorded against impairment
 
losses. Insurance recoveries
 
in excess of
 
losses amounted $
0.1
 
million for 2019
and were
 
recorded as a
 
gain from insurance
 
proceeds and
 
reported as part
 
of other non-interest
 
income in
 
the consolidated
 
statements
of income.