LOANS HELD FOR INVESTMENT (Tables)

12 Months Ended

Dec. 31, 2022

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

Loan Portfolio Held for Investment [Table Text Block]

The following table provides information about the loan portfolio held for investment by portfolio segment and disaggregated by

geographic locations as of the indicated dates:

As of December 31, 

As of December 31, 

2022

2021

(In thousands)

Puerto Rico and Virgin Islands region:

Residential mortgage loans, mainly secured by first mortgages

$

2,417,900

$

2,549,573

Construction loans

34,772

43,133

Commercial mortgage loans 

1,834,204

1,702,231

C&I loans

1,860,109

1,946,597

Consumer loans

3,317,489

2,872,384

Loans held for investment

$

9,464,474

$

9,113,918

Florida region:

Residential mortgage loans, mainly secured by first mortgages

$

429,390

$

429,322

Construction loans

98,181

95,866

Commercial mortgage loans 

524,647

465,238

C&I loans

1,026,154

940,654

Consumer loans

9,979

15,660

Loans held for investment

$

2,088,351

$

1,946,740

Total:

Residential mortgage loans, mainly secured by first mortgages

$

2,847,290

$

2,978,895

Construction loans

132,953

138,999

Commercial mortgage loans 

2,358,851

2,167,469

C&I loans

(1)

2,886,263

2,887,251

Consumer loans

3,327,468

2,888,044

Loans held for investment

(2)

11,552,825

11,060,658

ACL on loans and finance leases

(260,464)

(269,030)

Loans held for investment, net

$

11,292,361

$

10,791,628

(1)

As of December 31, 2022 and 2021, includes $

838.5

 million and $

952.1

 million, respectively, of commercial loans that were secured by real estate and the primary

source of repayment at origination was not dependent upon the real estate.

(2)

Includes accretable fair value net purchase discounts of $

29.3

 million and $

35.3

 million as of December 31, 2022 and 2021, respectively.

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

The Corporation’s aging of the loan portfolio held for investment, as well as information about nonaccrual loans with no ACL by

portfolio classes as of December 31, 2022 and 2021 are as follows:

As of December 31, 2022

Days Past Due and Accruing

Current

30-59

60-89

90+

(1) (2) (3)

Nonaccrual

(4) (5)

Total loans held

for investment

Nonaccrual

Loans with no

ACL

(6)

(In thousands)

Residential mortgage loans, mainly secured by first mortgages:

 FHA/VA government-guaranteed loans

(1) (3) (7)

$

67,116

$

-

$

2,586

$

48,456

$

-

$

118,158

$

-

 Conventional residential mortgage loans

(2) (7)

2,643,909

-

25,630

16,821

42,772

2,729,132

2,292

Commercial loans:

 Construction loans 

130,617

-

-

128

2,208

132,953

977

 Commercial mortgage loans

(2) (7)

2,330,094

300

2,367

3,771

22,319

2,358,851

15,991

 C&I loans 

2,868,989

1,984

1,128

6,332

7,830

2,886,263

3,300

Consumer loans:

 Auto loans

1,740,271

40,039

7,089

-

10,672

1,798,071

2,136

 Finance leases

707,646

7,148

1,791

-

1,645

718,230

330

 Personal loans

346,366

3,738

1,894

-

1,248

353,246

-

 Credit cards

301,013

3,705

2,238

4,775

-

311,731

-

 Other consumer loans

141,687

1,804

1,458

-

1,241

146,190

-

 Total loans held for investment

$

11,277,708

$

58,718

$

46,181

$

80,283

$

89,935

$

11,552,825

$

25,026

(1)

It is the Corporation's policy to report delinquent FHA/VA government-guaranteed residential mortgage loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans. The Corporation continues

accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $

28.2

 million of residential mortgage

loans guaranteed by the FHA that were over 15 months delinquent.

(2)

Includes PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election of maintaining pools of loans as “units of account” both at the time of adoption

of CECL on January 1, 2020 and on an ongoing basis for credit loss measurement. These loans will continue to be excluded from nonaccrual loan statistics as long as the Corporation can reasonably estimate the timing

and amount of cash flows expected to be collected on the loan pools. The portion of such loans contractually past due 90 days or more, amounting to $

12.0

 million as of December 31, 2022 ($

11.0

 million conventional

residential mortgage loans and $

1.0

 million commercial mortgage loans), is presented in the loans past due 90 days or more and still accruing category in the table above.

(3)

Include rebooked loans, which were previously pooled into GNMA securities, amounting to $

10.3

 million as of December 31, 2022. Under the GNMA program, the Corporation has the option but not the obligation to

repurchase loans that meet GNMA’s specified delinquency criteria. For accounting purposes, these loans subject to the repurchase option are required to be reflected on the financial statements with an offsetting

liability.

(4)

Nonaccrual loans in the Florida region amounted to $

8.3

 million as of December 31, 2022, primarily nonaccrual residential mortgage loans.

(5)

Nonaccrual loans exclude $

328.1

 million of TDR loans that were in compliance with modified terms and in accrual status as of December 31, 2022.

(6)

Includes $

0.3

 million of nonaccrual C&I loans with no ACL in the Florida region as of December 31, 2022.

(7)

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,

conventional residential mortgage loans, and commercial mortgage loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2022 amounted to $

6.1

 million, $

65.2

 million, and $

1.6

 million,

respectively.

As of December 31, 2021

Days Past Due and Accruing

Current

30-59

60-89

90+

(1)(2)(3)

Nonaccrual

(4) (5)

Total loans held

for investment

Nonaccrual

Loans with no

ACL

(6)

(In thousands)

Residential mortgage loans, mainly secured by first mortgages:

 FHA/VA government-guaranteed loans

(1) (3) (7)

$

57,522

$

-

$

2,355

$

65,515

$

-

$

125,392

$

-

 Conventional residential mortgage loans

(2) (7)

2,738,111

-

31,832

28,433

55,127

2,853,503

3,689

Commercial loans:

 Construction loans

136,317

18

-

-

2,664

138,999

1,000

 Commercial mortgage loans

(2) (7)

2,129,375

2,402

436

9,919

25,337

2,167,469

8,289

 C&I loans 

2,858,397

2,047

1,845

7,827

17,135

2,887,251

11,393

Consumer loans:

 Auto loans

1,533,445

26,462

4,949

-

6,684

1,571,540

3,146

 Finance leases

568,606

4,820

713

-

866

575,005

196

 Personal loans

310,390

3,299

1,285

-

1,208

316,182

-

 Credit cards

282,179

3,158

1,904

2,985

-

290,226

-

 Other consumer loans

130,588

1,996

811

-

1,696

135,091

20

 Total loans held for investment

$

10,744,930

$

44,202

$

46,130

$

114,679

$

110,717

$

11,060,658

$

27,733

(1)

It is the Corporation's policy to report delinquent FHA/VA government-guaranteed residential mortgage loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans. The Corporation continues

accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $

46.6

 million of residential mortgage loans

guaranteed by the FHA that were over 15 months delinquent.

(2)

Includes PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election of maintaining pools of loans as “units of account” both at the time of adoption

of CECL on January 1, 2020 and on an ongoing basis for credit loss measurement. These loans will continue to be excluded from nonaccrual loan statistics as long as the Corporation can reasonably estimate the timing

and amount of cash flows expected to be collected on the loan pools. The portion of such loans contractually past due 90 days or more, amounting to $

20.6

 million as of December 31, 2021 ($

19.1

 million conventional

residential mortgage loans and $

1.5

 million commercial mortgage loans), is presented in the loans past due 90 days or more and still accruing category in the table above.

(3)

Include rebooked loans, which were previously pooled into GNMA securities, amounting to $

7.2

 million as of December 31, 2021. Under the GNMA program, the Corporation has the option but not the obligation to

repurchase loans that meet GNMA’s specified delinquency criteria. For accounting purposes, these loans subject to the repurchase option are required to be reflected on the financial statements with an offsetting

liability.

(4)

Nonaccrual loans in the Florida region amounted to $

8.2

 million as of December 31, 2021, primarily nonaccrual residential mortgage loans.

(5)

Nonaccrual loans exclude $

363.4

 million of TDR loans that were in compliance with modified terms and in accrual status as of December 31, 2021.

(6)

Includes $

0.5

 million of nonaccrual C&I loans with no ACL in the Florida region as of December 31, 2021.

(7)

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,

conventional residential mortgage loans, and commercial mortgage loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2021 amounted to $

6.1

 million, $

66.0

 million, and $

0.7

 million,

respectively.

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

As of December 31, 2022

Puerto Rico and Virgin Islands region

Term Loans

As of December 31, 2021

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving

Loans

Amortized

Cost Basis

Total

Total

(In thousands)

CONSTRUCTION

 Risk Ratings:

 Pass

$

9,463

$

18,385

$

-

$

-

$

-

$

4,031

$

-

$

31,879

$

38,066

 Criticized:

 Special Mention

-

-

-

-

-

-

-

-

765

 Substandard

-

-

-

-

-

2,893

-

2,893

4,302

 Doubtful

-

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

-

 Total construction loans

$

9,463

$

18,385

$

-

$

-

$

-

$

6,924

$

-

$

34,772

$

43,133

COMMERCIAL MORTGAGE

 Risk Ratings:

 Pass

$

391,589

$

141,456

$

363,115

$

296,954

$

193,795

$

267,793

$

1,026

$

1,655,728

$

1,395,569

 Criticized:

 Special Mention

1,198

-

3,583

6,919

12,042

121,673

-

145,415

259,263

 Substandard

135

-

-

2,819

-

30,107

-

33,061

47,399

 Doubtful

-

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

-

 Total commercial mortgage loans

$

392,922

$

141,456

$

366,698

$

306,692

$

205,837

$

419,573

$

1,026

$

1,834,204

$

1,702,231

C&I

 Risk Ratings:

 Pass

$

297,932

$

195,460

$

184,856

$

315,987

$

88,484

$

179,201

$

527,652

$

1,789,572

$

1,852,552

 Criticized:

 Special Mention

138

912

-

500

9,867

2,631

29,176

43,224

32,650

 Substandard

203

351

1,324

14,119

725

10,238

353

27,313

61,395

 Doubtful

-

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

-

 Total C&I loans

$

298,273

$

196,723

$

186,180

$

330,606

$

99,076

$

192,070

$

557,181

$

1,860,109

$

1,946,597

(1) Excludes accrued interest receivable.

As of December 31, 2022

Term Loans

As of December 31, 2021

Florida region

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving

Loans

Amortized

Cost Basis

Total

Total

(In thousands)

CONSTRUCTION

 Risk Ratings:

 Pass

$

48,536

$

42,841

$

-

$

14

$

-

$

-

$

6,790

$

98,181

$

95,866

 Criticized:

 Special Mention

-

-

-

-

-

-

-

-

-

 Substandard

-

-

-

-

-

-

-

-

-

 Doubtful

-

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

-

 Total construction loans

$

48,536

$

42,841

$

-

$

14

$

-

$

-

$

6,790

$

98,181

$

95,866

COMMERCIAL MORTGAGE

 Risk Ratings:

 Pass

$

176,131

$

70,525

$

41,413

$

54,839

$

71,404

$

70,316

$

18,556

$

503,184

$

404,304

 Criticized:

 Special Mention

-

-

6,986

13,309

-

-

-

20,295

60,618

 Substandard

-

-

1,168

-

-

-

-

1,168

316

 Doubtful

-

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

-

 Total commercial mortgage loans

$

176,131

$

70,525

$

49,567

$

68,148

$

71,404

$

70,316

$

18,556

$

524,647

$

465,238

C&I

 Risk Ratings:

 Pass

$

277,637

$

163,210

$

77,027

$

223,504

$

66,484

$

35,028

$

136,261

$

979,151

$

826,823

 Criticized:

 Special Mention

-

-

-

5,974

-

11,931

-

17,905

49,946

 Substandard

-

-

267

24,852

-

3,678

301

29,098

63,885

 Doubtful

-

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

-

 Total C&I loans

$

277,637

$

163,210

$

77,294

$

254,330

$

66,484

$

50,637

$

136,562

$

1,026,154

$

940,654

(1) Excludes accrued interest receivable.

As of December 31, 2022

Total

Term Loans

As of December 31, 2021

Amortized Cost Basis by Origination Year (1)

2022

2021

2020

2019

2018

Prior

Revolving

Loans

Amortized

Cost Basis

Total

Total

(In thousands)

CONSTRUCTION

 Risk Ratings:

 Pass

$

57,999

$

61,226

$

-

$

14

$

-

$

4,031

$

6,790

$

130,060

$

133,932

 Criticized:

 Special Mention

-

-

-

-

-

-

-

-

765

 Substandard

-

-

-

-

-

2,893

-

2,893

4,302

 Doubtful

-

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

-

 Total construction loans

$

57,999

$

61,226

$

-

$

14

$

-

$

6,924

$

6,790

$

132,953

$

138,999

COMMERCIAL MORTGAGE

 Risk Ratings:

 Pass

$

567,720

$

211,981

$

404,528

$

351,793

$

265,199

$

338,109

$

19,582

$

2,158,912

$

1,799,873

 Criticized:

 Special Mention

1,198

-

10,569

20,228

12,042

121,673

-

165,710

319,881

 Substandard

135

-

1,168

2,819

-

30,107

-

34,229

47,715

 Doubtful

-

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

-

 Total commercial mortgage loans

$

569,053

$

211,981

$

416,265

$

374,840

$

277,241

$

489,889

$

19,582

$

2,358,851

$

2,167,469

C&I

 Risk Ratings:

 Pass

$

575,569

$

358,670

$

261,883

$

539,491

$

154,968

$

214,229

$

663,913

$

2,768,723

$

2,679,375

 Criticized:

 Special Mention

138

912

-

6,474

9,867

14,562

29,176

61,129

82,596

 Substandard

203

351

1,591

38,971

725

13,916

654

56,411

125,280

 Doubtful

-

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

-

 Total C&I loans

$

575,910

$

359,933

$

263,474

$

584,936

$

165,560

$

242,707

$

693,743

$

2,886,263

$

2,887,251

(1) Excludes accrued interest receivable.

The following tables present the amortized cost of residential mortgage loans by portfolio classes and by origination year based on

accrual status as of December 31, 2022, and the amortized cost of residential mortgage loans by portfolio classes based on accrual

status as of December 31, 2021:

As of December 31, 2022

As of

December 31,

2021

Term Loans

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving

Loans

Amortized

Cost Basis

Total

Total

(In thousands)

Puerto Rico and Virgin Islands Region:

FHA/VA government-guaranteed loans

Accrual Status:

Performing

$

700

$

693

$

802

$

1,407

$

3,784

$

110,030

$

-

$

117,416

$

124,652

Non-Performing

-

-

-

-

-

-

-

-

-

Total FHA/VA government-guaranteed loans

$

700

$

693

$

802

$

1,407

$

3,784

$

110,030

$

-

$

117,416

$

124,652

Conventional residential mortgage loans:

Accrual Status:

Performing

$

172,628

$

75,397

$

31,885

$

47,911

$

72,285

$

1,864,907

$

-

$

2,265,013

$

2,376,946

Non-Performing

-

35

-

219

279

34,938

-

35,471

47,975

Total conventional residential mortgage loans

$

172,628

$

75,432

$

31,885

$

48,130

$

72,564

$

1,899,845

$

-

$

2,300,484

$

2,424,921

Total:

Accrual Status:

Performing

$

173,328

$

76,090

$

32,687

$

49,318

$

76,069

$

1,974,937

$

-

$

2,382,429

$

2,501,598

Non-Performing

-

35

-

219

279

34,938

-

35,471

47,975

Total residential mortgage loans in Puerto Rico

and Virgin Islands Region

$

173,328

$

76,125

$

32,687

$

49,537

$

76,348

$

2,009,875

$

-

$

2,417,900

$

2,549,573

(1)

Excludes accrued interest receivable.

As of December 31, 2022

As of

December 31,

2021

Term Loans

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving

Loans

Amortized

Cost Basis

Total

Total

(In thousands)

Florida Region:

FHA/VA government-guaranteed loans

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

742

$

-

$

742

$

740

Non-Performing

-

-

-

-

-

-

-

-

-

Total FHA/VA government-guaranteed loans

$

-

$

-

$

-

$

-

$

-

$

742

$

-

$

742

$

740

Conventional residential mortgage loans:

Accrual Status:

Performing

$

82,968

$

49,479

$

31,405

$

31,144

$

37,268

$

189,083

$

-

$

421,347

$

421,430

Non-Performing

-

-

-

272

477

6,552

-

7,301

7,152

Total conventional residential mortgage loans

$

82,968

$

49,479

$

31,405

$

31,416

$

37,745

$

195,635

$

-

$

428,648

$

428,582

Total:

Accrual Status:

Performing

$

82,968

$

49,479

$

31,405

$

31,144

$

37,268

$

189,825

$

-

$

422,089

$

422,170

Non-Performing

-

-

-

272

477

6,552

-

7,301

7,152

Total residential mortgage loans in Florida region

$

82,968

$

49,479

$

31,405

$

31,416

$

37,745

$

196,377

$

-

$

429,390

$

429,322

(1)

Excludes accrued interest receivable.

As of December 31, 2022

As of

December 31,

2021

Term Loans

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving

Loans

Amortized

Cost Basis

Total

Total

(In thousands)

Total:

FHA/VA government-guaranteed loans

Accrual Status:

Performing

$

700

$

693

$

802

$

1,407

$

3,784

$

110,772

$

-

$

118,158

$

125,392

Non-Performing

-

-

-

-

-

-

-

-

-

Total FHA/VA government-guaranteed loans

$

700

$

693

$

802

$

1,407

$

3,784

$

110,772

$

-

$

118,158

$

125,392

Conventional residential mortgage loans:

Accrual Status:

Performing

$

255,596

$

124,876

$

63,290

$

79,055

$

109,553

$

2,053,990

$

-

$

2,686,360

$

2,798,376

Non-Performing

-

35

-

491

756

41,490

-

42,772

55,127

Total conventional residential mortgage loans

$

255,596

$

124,911

$

63,290

$

79,546

$

110,309

$

2,095,480

$

-

$

2,729,132

$

2,853,503

Total:

Accrual Status:

Performing

$

256,296

$

125,569

$

64,092

$

80,462

$

113,337

$

2,164,762

$

-

$

2,804,518

$

2,923,768

Non-Performing

-

35

-

491

756

41,490

-

42,772

55,127

Total residential mortgage loans

$

256,296

$

125,604

$

64,092

$

80,953

$

114,093

$

2,206,252

$

-

$

2,847,290

$

2,978,895

(1)

Excludes accrued interest receivable.

The following tables present the amortized cost of consumer loans by portfolio classes and by origination year based on accrual

status as of December 31, 2022, and the amortized cost of consumer loans by portfolio classes based on accrual status as of December

31, 2021:

As of December 31, 2022

As of

December 31,

2021

Term Loans

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving

Loans

Amortized

Cost Basis

Total

Total

(In thousands)

Puerto Rico and Virgin Islands Regions:

Auto loans:

Accrual Status:

Performing

$

674,145

$

510,950

$

254,196

$

206,345

$

99,008

$

39,138

$

-

$

1,783,782

$

1,556,097

Non-Performing

1,666

2,140

1,596

2,508

1,385

1,301

-

10,596

6,684

Total auto loans

$

675,811

$

513,090

$

255,792

$

208,853

$

100,393

$

40,439

$

-

$

1,794,378

$

1,562,781

Finance leases:

Accrual Status:

Performing

$

292,995

$

192,435

$

88,196

$

81,186

$

48,332

$

13,441

$

-

$

716,585

$

574,139

Non-Performing

176

253

305

219

384

308

-

1,645

866

Total finance leases

$

293,171

$

192,688

$

88,501

$

81,405

$

48,716

$

13,749

$

-

$

718,230

$

575,005

Personal loans:

Accrual Status:

Performing

$

175,875

$

55,993

$

29,320

$

53,911

$

22,838

$

13,727

$

-

$

351,664

$

314,867

Non-Performing

348

249

135

289

112

115

-

1,248

1,208

Total personal loans

$

176,223

$

56,242

$

29,455

$

54,200

$

22,950

$

13,842

$

-

$

352,912

$

316,075

Credit cards:

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

-

$

311,731

$

311,731

$

290,226

Non-Performing

-

-

-

-

-

-

-

-

-

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

311,731

$

311,731

$

290,226

Other consumer loans:

Accrual Status:

Performing

$

79,630

$

21,488

$

9,345

$

11,941

$

4,030

$

3,761

$

8,921

$

139,116

$

126,734

Non-Performing

409

201

61

119

20

241

71

1,122

1,563

Total other consumer loans

$

80,039

$

21,689

$

9,406

$

12,060

$

4,050

$

4,002

$

8,992

$

140,238

$

128,297

Total:

Performing

$

1,222,645

$

780,866

$

381,057

$

353,383

$

174,208

$

70,067

$

320,652

$

3,302,878

$

2,862,063

Non-Performing

2,599

2,843

2,097

3,135

1,901

1,965

71

14,611

10,321

Total consumer loans in Puerto Rico and Virgin

Islands region

$

1,225,244

$

783,709

$

383,154

$

356,518

$

176,109

$

72,032

$

320,723

$

3,317,489

$

2,872,384

(1)

Excludes accrued interest receivable.

As of December 31, 2022

As of

December 31,

2021

Term Loans

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving

Loans

Amortized

Cost Basis

Total

Total

(In thousands)

Florida Region:

Auto loans:

Accrual Status:

Performing

$

-

$

-

$

-

$

305

$

2,333

$

979

$

-

$

3,617

$

8,759

Non-Performing

-

-

-

-

36

40

-

76

-

Total auto loans

$

-

$

-

$

-

$

305

$

2,369

$

1,019

$

-

$

3,693

$

8,759

Finance leases:

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Non-Performing

-

-

-

-

-

-

-

-

-

Total finance leases

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Personal loans:

Accrual Status:

Performing

$

254

$

71

$

9

$

-

$

-

$

-

$

-

$

334

$

107

Non-Performing

-

-

-

-

-

-

-

-

-

Total personal loans

$

254

$

71

$

9

$

-

$

-

$

-

$

-

$

334

$

107

Credit cards:

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Non-Performing

-

-

-

-

-

-

-

-

-

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Other consumer loans:

Accrual Status:

Performing

$

49

$

231

$

464

$

-

$

39

$

2,588

$

2,462

$

5,833

$

6,661

Non-Performing

-

-

-

-

-

21

98

119

133

Total other consumer loans

$

49

$

231

$

464

$

-

$

39

$

2,609

$

2,560

$

5,952

$

6,794

Total:

Performing

$

303

$

302

$

473

$

305

$

2,372

$

3,567

$

2,462

$

9,784

$

15,527

Non-Performing

-

-

-

-

36

61

98

195

133

Total consumer loans in Florida region

$

303

$

302

$

473

$

305

$

2,408

$

3,628

$

2,560

$

9,979

$

15,660

(1)

Excludes accrued interest receivable.

As of December 31, 2022

As of

December 31,

2021

Term Loans

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving

Loans

Amortized

Cost Basis

Total

Total

(In thousands)

Total:

Auto loans:

Accrual Status:

Performing

$

674,145

$

510,950

$

254,196

$

206,650

$

101,341

$

40,117

$

-

$

1,787,399

$

1,564,856

Non-Performing

1,666

2,140

1,596

2,508

1,421

1,341

-

10,672

6,684

Total auto loans

$

675,811

$

513,090

$

255,792

$

209,158

$

102,762

$

41,458

$

-

$

1,798,071

$

1,571,540

Finance leases:

Accrual Status:

Performing

$

292,995

$

192,435

$

88,196

$

81,186

$

48,332

$

13,441

$

-

$

716,585

$

574,139

Non-Performing

176

253

305

219

384

308

-

1,645

866

Total finance leases

$

293,171

$

192,688

$

88,501

$

81,405

$

48,716

$

13,749

$

-

$

718,230

$

575,005

Personal loans:

Accrual Status:

Performing

$

176,129

$

56,064

$

29,329

$

53,911

$

22,838

$

13,727

$

-

$

351,998

$

314,974

Non-Performing

348

249

135

289

112

115

-

1,248

1,208

Total personal loans

$

176,477

$

56,313

$

29,464

$

54,200

$

22,950

$

13,842

$

-

$

353,246

$

316,182

Credit cards:

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

-

$

311,731

$

311,731

$

290,226

Non-Performing

-

-

-

-

-

-

-

-

-

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

311,731

$

311,731

$

290,226

Other consumer loans:

Accrual Status:

Performing

$

79,679

$

21,719

$

9,809

$

11,941

$

4,069

$

6,349

$

11,383

$

144,949

$

133,395

Non-Performing

409

201

61

119

20

262

169

1,241

1,696

Total other consumer loans

$

80,088

$

21,920

$

9,870

$

12,060

$

4,089

$

6,611

$

11,552

$

146,190

$

135,091

Total:

Performing

$

1,222,948

$

781,168

$

381,530

$

353,688

$

176,580

$

73,634

$

323,114

$

3,312,662

$

2,877,590

Non-Performing

2,599

2,843

2,097

3,135

1,937

2,026

169

14,806

10,454

Total consumer loans

$

1,225,547

$

784,011

$

383,627

$

356,823

$

178,517

$

75,660

$

323,283

$

3,327,468

$

2,888,044

(1)

Excludes accrued interest receivable.

Collateral Pledged [Member]

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

Loan Portfolio Held for Investment [Table Text Block]

As of December 31, 2022

Collateral Dependent Loans -

With Allowance

Collateral Dependent

Loans - With No

Related Allowance

Collateral Dependent Loans - Total

Amortized Cost 

Related

Allowance

Amortized Cost

Amortized Cost 

Related

Allowance

(In thousands)

Residential mortgage loans:

Conventional residential mortgage loans

$

36,206

$

2,571

$

-

$

36,206

$

2,571

Commercial loans:

Construction loans

-

-

956

956

-

Commercial mortgage loans

2,466

897

62,453

64,919

897

C&I loans 

1,513

322

17,590

19,103

322

Consumer loans:

Personal loans

56

1

64

120

1

Other consumer loans

207

29

-

207

29

$

40,448

$

3,820

$

81,063

$

121,511

$

3,820

As of December 31, 2021

Collateral Dependent Loans -

With Allowance

Collateral Dependent

Loans - With No

Related Allowance

Collateral Dependent Loans - Total

Amortized Cost 

Related

Allowance

Amortized Cost 

Amortized Cost 

Related

Allowance

(In thousands)

Residential mortgage loans:

Conventional residential mortgage loans

$

51,771

$

3,966

$

781

$

52,552

$

3,966

Commercial loans:

Construction loans

-

-

1,797

1,797

-

Commercial mortgage loans

9,908

1,152

56,361

66,269

1,152

C&I loans 

5,781

670

34,043

39,824

670

Consumer loans:

Personal loans

78

1

-

78

1

Other consumer loans

782

98

-

782

98

$

68,320

$

5,887

$

92,982

$

161,302

$

5,887

TDR [Member]

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

Troubled Debt Restructurings On Financing Receivables Table [Text Block]

Year Ended December 31, 2022

Interest rate

below market

Maturity or

term extension

Combination of

reduction in

interest rate and

extension of

maturity

Forgiveness of

principal and/or

interest

Other

(1)

Total

(In thousands)

Conventional residential mortgage loans

$

433

$

1,551

$

242

$

-

$

4,874

$

7,100

Construction loans

-

-

-

-

-

-

Commercial mortgage loans

-

245

5,178

-

467

5,890

C&I loans

2,402

-

618

825

1,083

4,928

Consumer loans:

Auto loans

2,877

232

345

-

-

3,454

Finance leases

-

573

-

-

18

591

Personal loans

99

171

105

-

19

394

Credit cards

(2)

-

-

-

-

816

816

Other consumer loans

112

272

16

43

-

443

Total TDRs

$

5,923

$

3,044

$

6,504

$

868

$

7,277

$

23,616

(1)

Other concessions granted by the Corporation include payment plans under judicial stipulation or loss mitigation programs, or a combination of two or more of the concessions listed in

the table. Amounts included in Other that represent a combination of concessions are excluded from the amounts reported in the column for such individual concessions.

(2)

Concession consists of reduction in interest rate and revocation of revolving line privileges.

Year Ended December 31, 2021

Interest rate

below market

Maturity or term

extension

Combination of

reduction in

interest rate and

extension of

maturity

Forgiveness of

principal and/or

interest

Other

(1)

Total

(In thousands)

Conventional residential mortgage loans

$

365

$

859

$

2,647

$

-

$

3,723

$

7,594

Construction loans

-

-

-

-

-

-

Commercial mortgage loans

-

-

10,586

-

637

11,223

C&I loans

-

300

9,100

-

508

9,908

Consumer loans:

Auto loans

1,888

433

277

-

-

2,598

Finance leases

-

645

26

-

26

697

Personal loans

13

60

387

-

44

504

Credit cards

(2)

-

-

-

-

1,426

1,426

Other consumer loans

110

79

-

77

-

266

 Total TDRs

$

2,376

$

2,376

$

23,023

$

77

$

6,364

$

34,216

(1)

Other concessions granted by the Corporation include payment plans under judicial stipulation or loss mitigation programs, or a combination of two or more of the concessions listed in the

table. Amounts included in Other that represent a combination of concessions are excluded from the amounts reported in the column for such individual concessions.

(2)

Concession consists of reduction in interest rate and revocation of revolving line privileges.

Year Ended December 31, 2020

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)

Conventional residential mortgage

loans

$

18

$

545

$

2,044

$

-

$

-

$

5,700

$

8,307

Construction loans

-

-

-

-

-

-

-

Commercial mortgage loans

-

-

271

-

-

553

824

C&I loans

31

-

4,107

-

18,386

-

22,524

Consumer loans:

Auto loans

1,902

413

275

-

-

33

2,623

Finance leases

-

408

-

-

-

-

408

Personal loans

38

74

145

-

-

48

305

Credit cards

(2)

-

-

-

-

-

783

783

Other consumer loans

219

83

24

219

-

-

545

 Total TDRs

$

2,208

$

1,523

$

6,866

$

219

$

18,386

$

7,117

$

36,319

(1)

Other concessions granted by the Corporation include payment plans under judicial stipulation or loss mitigation programs, or a combination of two or more of the concessions listed in the

table. Amounts included in Other that represent a combination of concessions are excluded from the amounts reported in the column for such individual concessions.

(2)

Concession consists of reduction in interest rate and revocation of revolving line privileges.

Year Ended December 31,

2022

2021

2020

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)

Conventional residential mortgage loans

68

$

7,165

$

7,100

66

$

7,687

$

7,594

103

$

9,027

$

8,307

Construction loans

-

-

-

-

-

-

-

-

-

Commercial mortgage loans

3

5,897

5,890

7

11,285

11,223

5

824

824

C&I loans

17

5,156

4,928

6

10,031

9,908

14

22,544

22,524

Consumer loans:

 Auto loans

168

3,404

3,454

134

2,601

2,598

163

2,635

2,623

 Finance leases

33

592

591

42

692

697

29

408

408

 Personal loans

26

366

394

46

497

504

30

306

305

 Credit Cards

170

815

816

246

1,426

1,426

159

783

783

 Other consumer loans

115

434

443

65

266

266

145

613

545

 Total TDRs

600

$

23,829

$

23,616

612

$

34,485

$

34,216

648

$

37,140

$

36,319

Year Ended December 31, 

2022

2021

2020

Number of

contracts

Amortized Cost

Number of

contracts

Amortized Cost

Number of

contracts

Amortized Cost

(Dollars in thousands)

Conventional residential mortgage loans

2

$

124

-

$

-

4

$

465

Construction loans

-

-

-

-

-

-

Commercial mortgage loans

-

-

-

-

-

-

C&I loans

-

-

-

-

3

124

Consumer loans:

 Auto loans

96

2,049

92

1,625

55

947

 Finance leases

1

16

-

-

1

5

 Personal loans

-

-

1

1

1

7

 Credit cards

28

156

24

126

23

93

 Other consumer loans

8

30

11

45

58

209

 Total

135

$

2,375

128

$

1,797

145

$

1,850