REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

3 Months Ended

Mar. 31, 2023

REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract]

Disaggregation of Revenue [Table Text Block]

Quarter ended March 31, 2023

Mortgage

Banking

Consumer

(Retail)

Banking

Commercial

and Corporate

Treasury and

Investments

United States

Operations

Virgin Islands

Operations

Total

(In thousands)

Net interest income

(1)

$

21,788

$

137,744

$

14,940

$

(658)

$

20,930

$

6,141

$

200,885

Service charges and fees on deposit accounts

-

5,486

3,154

-

165

736

9,541

Insurance commissions

-

4,640

-

-

28

179

4,847

Merchant-related income

-

2,263

-

-

29

468

2,760

Credit and debit card fees

-

7,638

22

-

2

496

8,158

Other service charges and fees

161

1,152

854

-

583

344

3,094

Not in scope of ASC Topic 606

 (1)

2,913

855

145

160

40

5

4,118

 Total non-interest income

3,074

22,034

4,175

160

847

2,228

32,518

Total Revenue

$

24,862

$

159,778

$

19,115

$

(498)

$

21,777

$

8,369

$

233,403

Quarter ended March 31, 2022

Mortgage

Banking

Consumer

(Retail)

Banking

Commercial

and Corporate

Treasury and

Investments

United States

Operations

Virgin Islands

Operations

Total

(In thousands)

Net interest income

(1)

$

25,779

$

89,546

$

40,415

$

7,409

$

16,482

$

5,993

$

185,624

Service charges and fees on deposit accounts

-

5,539

2,976

-

138

710

9,363

Insurance commissions

-

4,967

-

-

29

279

5,275

Merchant-related income

-

1,822

373

-

5

389

2,589

Credit and debit card fees

-

6,671

16

-

(7)

410

7,090

Other service charges and fees

143

1,110

1,113

-

499

157

3,022

Not in scope of ASC Topic 606

(1)

5,109

354

76

(112)

80

12

5,519

Total non-interest income

5,252

20,463

4,554

(112)

744

1,957

32,858

Total Revenue

$

31,031

$

110,009

$

44,969

$

7,297

$

17,226

$

7,950

$

218,482

(1)

Most of the Corporation's revenue is not within the scope of ASC Topic 606. The guidance explicitly excludes net interest income from financial assets and liabilities, as well as other non-interest income from loans, leases, investment securities and derivative

financial instruments.

Activity of Contract Liabilities [Table Text Block]

Quarter Ended March 31, 

2023

2022

(In thousands)

Beginning Balance

$

841

$

1,443

Less:

 Revenue recognized

(81)

(289)

Ending balance

$

760

$

1,154