LOANS HELD FOR INVESTMENT (Tables)

12 Months Ended

Dec. 31, 2023

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,

2023

2022

(In thousands)

Puerto Rico and Virgin Islands region:

Residential mortgage loans, mainly secured by first mortgages

$

2,356,006

$

2,417,900

Construction loans

115,401

34,772

Commercial mortgage loans 

1,790,637

1,834,204

C&I loans

2,249,408

1,860,109

Consumer loans

3,651,770

3,317,489

Loans held for investment

$

10,163,222

$

9,464,474

Florida region:

Residential mortgage loans, mainly secured by first mortgages

$

465,720

$

429,390

Construction loans

99,376

98,181

Commercial mortgage loans 

526,446

524,647

C&I loans

924,824

1,026,154

Consumer loans

5,895

9,979

Loans held for investment

$

2,022,261

$

2,088,351

Total:

Residential mortgage loans, mainly secured by first mortgages

$

2,821,726

$

2,847,290

Construction loans

214,777

132,953

Commercial mortgage loans 

2,317,083

2,358,851

C&I loans

(1)

3,174,232

2,886,263

Consumer loans

3,657,665

3,327,468

Loans held for investment

(2)

12,185,483

11,552,825

ACL on loans and finance leases

(261,843)

(260,464)

Loans held for investment, net

$

11,923,640

$

11,292,361

(1)

As of December 31, 2023 and 2022, includes $

787.5

 million and $

838.5

 million, respectively, of commercial loans that were secured by real estate and for which

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

(2)

Includes accretable fair value net purchase discounts of $

24.7

 million and $

29.3

 million as of December 31, 2023 and 2022, 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, 2023 and 2022 are as follows:

As of December 31, 2023

Days Past Due and Accruing

Current

30-59

60-89

90+

(1) (2) (3)

Nonaccrual

(4)

Total loans held

for investment

Nonaccrual

Loans with no

ACL

(5)

(In thousands)

Residential mortgage loans, mainly secured by first mortgages:

 FHA/VA government-guaranteed loans

(1) (3) (6)

$

68,332

$

-

$

2,592

$

29,312

$

-

$

100,236

$

-

 Conventional residential mortgage loans

(2) (6)

2,644,344

-

33,878

11,029

32,239

2,721,490

1,742

Commercial loans:

 Construction loans

210,911

-

-

2,297

1,569

214,777

972

 Commercial mortgage loans

(2) (6)

2,303,753

17

-

1,108

12,205

2,317,083

2,536

 C&I loans 

3,148,254

1,130

1,143

8,455

15,250

3,174,232

1,687

Consumer loans:

 Auto loans

1,846,652

60,283

13,753

-

15,568

1,936,256

4

 Finance leases

837,881

13,786

1,861

-

3,287

856,815

12

 Personal loans

370,746

5,873

2,815

-

1,841

381,275

-

 Credit cards

313,360

5,012

3,589

7,251

-

329,212

-

 Other consumer loans

147,278

3,084

1,997

-

1,748

154,107

-

 Total loans held for investment

$

11,891,511

$

89,185

$

61,628

$

59,452

$

83,707

$

12,185,483

$

6,953

(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 $

15.4

 million of residential mortgage

loans guaranteed by the FHA that were over 15 months delinquent as of December 31, 2023.

(2)

Includes purchased credit deteriorated ("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 $

8.3

 million as of

December 31, 2023 ($

7.4

 million conventional residential mortgage loans and $

0.9

 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 $

7.9

 million as of December 31, 2023. 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

 million as of December 31, 2023, primarily nonaccrual residential mortgage loans and C&I loans.

(5)

There were

no

 nonaccrual loans with no ACL in the Florida region as of December 31, 2023.

(6)

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, 2023 amounted to $

8.2

 million, $

69.9

 million, $

1.1

 million,

respectively.

As of December 31, 2022

Days Past Due and Accruing

Current

30-59

60-89

90+

(1)(2)(3)

Nonaccrual

(4)

Total loans held

for investment

Nonaccrual

Loans with no

ACL

(5)

(In thousands)

Residential mortgage loans, mainly secured by first mortgages:

 FHA/VA government-guaranteed loans

(1) (3) (6)

$

67,116

$

-

$

2,586

$

48,456

$

-

$

118,158

$

-

 Conventional residential mortgage loans

(2) (6)

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) (6)

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 as of December 31, 2022.

(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)

Includes $

0.3

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

(6)

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.

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, 2023 and 2022, and the gross charge -offs for the year

ended December 31, 2023 by portfolio classes and by origination year, were as follows:

As of December 31, 2023

Puerto Rico and Virgin Islands Regions

Term Loans

Amortized Cost Basis by Origination Year

(1)

2023

2022

2021

2020

2019

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

CONSTRUCTION

 Risk Ratings:

 Pass

$

52,675

$

40,825

$

15,936

$

-

$

-

$

3,734

$

-

$

113,170

 Criticized:

 Special Mention

-

-

-

-

-

-

-

-

 Substandard

-

-

-

-

-

2,231

-

2,231

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total construction loans

$

52,675

$

40,825

$

15,936

$

-

$

-

$

5,965

$

-

$

115,401

 Charge-offs on construction loans

$

-

$

-

$

-

$

-

$

-

$

62

$

-

$

62

COMMERCIAL MORTGAGE

 Risk Ratings:

 Pass

$

176,519

$

381,695

$

135,163

$

319,111

$

276,078

$

326,420

$

3,418

$

1,618,404

 Criticized:

 Special Mention

-

4,394

-

30,169

-

112,063

-

146,626

 Substandard

-

124

-

-

-

25,483

-

25,607

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total commercial mortgage loans

$

176,519

$

386,213

$

135,163

$

349,280

$

276,078

$

463,966

$

3,418

$

1,790,637

 Charge-offs on commercial mortgage loans

$

-

$

-

$

-

$

-

$

-

$

1,133

$

-

$

1,133

C&I

 Risk Ratings:

 Pass

$

410,721

$

298,285

$

158,636

$

155,984

$

249,481

$

171,586

$

729,246

$

2,173,939

 Criticized:

 Special Mention

542

-

578

-

476

2,447

36,333

40,376

 Substandard

1

-

3,848

599

12,844

16,477

1,324

35,093

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total C&I loans

$

411,264

$

298,285

$

163,062

$

156,583

$

262,801

$

190,510

$

766,903

$

2,249,408

 Charge-offs on C&I loans

$

-

$

-

$

-

$

-

$

-

$

218

$

140

$

358

(1) Excludes accrued interest receivable.

As of December 31, 2023

Term Loans

Florida Region

Amortized Cost Basis by Origination Year

(1)

2023

2022

2021

2020

2019

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

CONSTRUCTION

 Risk Ratings:

 Pass

$

995

$

57,712

$

38,289

$

-

$

-

$

-

$

2,380

$

99,376

 Criticized:

 Special Mention

-

-

-

-

-

-

-

-

 Substandard

-

-

-

-

-

-

-

-

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total construction loans

$

995

$

57,712

$

38,289

$

-

$

-

$

-

$

2,380

$

99,376

 Charge-offs on construction loans

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

COMMERCIAL MORTGAGE

 Risk Ratings:

 Pass

$

28,814

$

186,098

$

63,561

$

39,844

$

63,332

$

119,460

$

24,344

$

525,453

 Criticized:

 Special Mention

-

-

-

-

-

-

-

-

 Substandard

-

-

-

993

-

-

-

993

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total commercial mortgage loans

$

28,814

$

186,098

$

63,561

$

40,837

$

63,332

$

119,460

$

24,344

$

526,446

 Charge-offs on commercial mortgage loans

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

C&I

 Risk Ratings:

 Pass

$

139,800

$

237,189

$

166,998

$

47,394

$

109,123

$

48,106

$

130,585

$

879,195

 Criticized:

 Special Mention

-

-

19,485

-

11,725

10,836

-

42,046

 Substandard

-

-

-

252

191

3,140

-

3,583

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total C&I loans

$

139,800

$

237,189

$

186,483

$

47,646

$

121,039

$

62,082

$

130,585

$

924,824

 Charge-offs on C&I loans

$

-

$

-

$

-

$

376

$

-

$

6,202

$

-

$

6,578

(1) Excludes accrued interest receivable.

As of December 31, 2023

Term Loans

Total

Amortized Cost Basis by Origination Year (1)

2023

2022

2021

2020

2019

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

CONSTRUCTION

 Risk Ratings:

 Pass

$

53,670

$

98,537

$

54,225

$

-

$

-

$

3,734

$

2,380

$

212,546

 Criticized:

 Special Mention

-

-

-

-

-

-

-

-

 Substandard

-

-

-

-

-

2,231

-

2,231

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total construction loans

$

53,670

$

98,537

$

54,225

$

-

$

-

$

5,965

$

2,380

$

214,777

 Charge-offs on construction loans

$

-

$

-

$

-

$

-

$

-

$

62

$

-

$

62

COMMERCIAL MORTGAGE

 Risk Ratings:

 Pass

$

205,333

$

567,793

$

198,724

$

358,955

$

339,410

$

445,880

$

27,762

$

2,143,857

 Criticized:

 Special Mention

-

4,394

-

30,169

-

112,063

-

146,626

 Substandard

-

124

-

993

-

25,483

-

26,600

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total commercial mortgage loans

$

205,333

$

572,311

$

198,724

$

390,117

$

339,410

$

583,426

$

27,762

$

2,317,083

 Charge-offs on commercial mortgage loans

$

-

$

-

$

-

$

-

$

-

$

1,133

$

-

$

1,133

C&I

 Risk Ratings:

 Pass

$

550,521

$

535,474

$

325,634

$

203,378

$

358,604

$

219,692

$

859,831

$

3,053,134

 Criticized:

 Special Mention

542

-

20,063

-

12,201

13,283

36,333

82,422

 Substandard

1

-

3,848

851

13,035

19,617

1,324

38,676

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total C&I loans

$

551,064

$

535,474

$

349,545

$

204,229

$

383,840

$

252,592

$

897,488

$

3,174,232

 Charge-offs on C&I loans

$

-

$

-

$

-

$

376

$

-

$

6,420

$

140

$

6,936

(1) Excludes accrued interest receivable.

As of December 31, 2022

Puerto Rico and Virgin Islands Regions

Term Loans

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

CONSTRUCTION

 Risk Ratings:

 Pass

$

9,463

$

18,385

$

-

$

-

$

-

$

4,031

$

-

$

31,879

 Criticized:

 Special Mention

-

-

-

-

-

-

-

-

 Substandard

-

-

-

-

-

2,893

-

2,893

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total construction loans

$

9,463

$

18,385

$

-

$

-

$

-

$

6,924

$

-

$

34,772

COMMERCIAL MORTGAGE

 Risk Ratings:

 Pass

$

391,589

$

141,456

$

363,115

$

296,954

$

193,795

$

267,793

$

1,026

$

1,655,728

 Criticized:

 Special Mention

1,198

-

3,583

6,919

12,042

121,673

-

145,415

 Substandard

135

-

-

2,819

-

30,107

-

33,061

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total commercial mortgage loans

$

392,922

$

141,456

$

366,698

$

306,692

$

205,837

$

419,573

$

1,026

$

1,834,204

C&I

 Risk Ratings:

 Pass

$

297,932

$

195,460

$

184,856

$

315,987

$

88,484

$

179,201

$

527,652

$

1,789,572

 Criticized:

 Special Mention

138

912

-

500

9,867

2,631

29,176

43,224

 Substandard

203

351

1,324

14,119

725

10,238

353

27,313

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total C&I loans

$

298,273

$

196,723

$

186,180

$

330,606

$

99,076

$

192,070

$

557,181

$

1,860,109

(1) Excludes accrued interest receivable.

As of December 31, 2022

Term Loans

Florida Region

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

CONSTRUCTION

 Risk Ratings:

 Pass

$

48,536

$

42,841

$

-

$

14

$

-

$

-

$

6,790

$

98,181

 Criticized:

 Special Mention

-

-

-

-

-

-

-

-

 Substandard

-

-

-

-

-

-

-

-

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total construction loans

$

48,536

$

42,841

$

-

$

14

$

-

$

-

$

6,790

$

98,181

COMMERCIAL MORTGAGE

 Risk Ratings:

 Pass

$

176,131

$

70,525

$

41,413

$

54,839

$

71,404

$

70,316

$

18,556

$

503,184

 Criticized:

 Special Mention

-

-

6,986

13,309

-

-

-

20,295

 Substandard

-

-

1,168

-

-

-

-

1,168

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total commercial mortgage loans

$

176,131

$

70,525

$

49,567

$

68,148

$

71,404

$

70,316

$

18,556

$

524,647

C&I

 Risk Ratings:

 Pass

$

277,637

$

163,210

$

77,027

$

223,504

$

66,484

$

35,028

$

136,261

$

979,151

 Criticized:

 Special Mention

-

-

-

5,974

-

11,931

-

17,905

 Substandard

-

-

267

24,852

-

3,678

301

29,098

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total C&I loans

$

277,637

$

163,210

$

77,294

$

254,330

$

66,484

$

50,637

$

136,562

$

1,026,154

(1) Excludes accrued interest receivable.

As of December 31, 2022

Term Loans

Total

Amortized Cost Basis by Origination Year (1)

2022

2021

2020

2019

2018

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

CONSTRUCTION

 Risk Ratings:

 Pass

$

57,999

$

61,226

$

-

$

14

$

-

$

4,031

$

6,790

$

130,060

 Criticized:

 Special Mention

-

-

-

-

-

-

-

-

 Substandard

-

-

-

-

-

2,893

-

2,893

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total construction loans

$

57,999

$

61,226

$

-

$

14

$

-

$

6,924

$

6,790

$

132,953

COMMERCIAL MORTGAGE

 Risk Ratings:

 Pass

$

567,720

$

211,981

$

404,528

$

351,793

$

265,199

$

338,109

$

19,582

$

2,158,912

 Criticized:

 Special Mention

1,198

-

10,569

20,228

12,042

121,673

-

165,710

 Substandard

135

-

1,168

2,819

-

30,107

-

34,229

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total commercial mortgage loans

$

569,053

$

211,981

$

416,265

$

374,840

$

277,241

$

489,889

$

19,582

$

2,358,851

C&I

 Risk Ratings:

 Pass

$

575,569

$

358,670

$

261,883

$

539,491

$

154,968

$

214,229

$

663,913

$

2,768,723

 Criticized:

 Special Mention

138

912

-

6,474

9,867

14,562

29,176

61,129

 Substandard

203

351

1,591

38,971

725

13,916

654

56,411

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total C&I loans

$

575,910

$

359,933

$

263,474

$

584,936

$

165,560

$

242,707

$

693,743

$

2,886,263

(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, 2023 and 2022, and the gross charge-offs for the year ended December 31, 2023 by origination year:

As of December 31, 2023

Term Loans

Amortized Cost Basis by Origination Year

(1)

2023

2022

2021

2020

2019

Prior

Revolving

Loans

Amortized Cost

Basis

Total

(In thousands)

Puerto Rico and Virgin Islands Regions:

FHA/VA government-guaranteed loans

Accrual Status:

Performing

$

378

$

681

$

942

$

525

$

1,468

$

95,299

$

-

$

99,293

Non-Performing

-

-

-

-

-

-

-

-

Total FHA/VA government-guaranteed loans

$

378

$

681

$

942

$

525

$

1,468

$

95,299

$

-

$

99,293

Conventional residential mortgage loans

Accrual Status:

Performing

$

173,086

$

164,895

$

69,253

$

29,558

$

44,289

$

1,750,620

$

-

$

2,231,701

Non-Performing

-

69

35

-

173

24,735

-

25,012

Total conventional residential mortgage loans

$

173,086

$

164,964

$

69,288

$

29,558

$

44,462

$

1,775,355

$

-

$

2,256,713

Total

Accrual Status:

Performing

$

173,464

$

165,576

$

70,195

$

30,083

$

45,757

$

1,845,919

$

-

$

2,330,994

Non-Performing

-

69

35

-

173

24,735

-

25,012

Total residential mortgage loans 

$

173,464

$

165,645

$

70,230

$

30,083

$

45,930

$

1,870,654

$

-

$

2,356,006

Charge-offs on residential mortgage loans

$

-

$

2

$

-

$

3

$

12

$

3,222

$

-

$

3,239

(1)

Excludes accrued interest receivable.

As of December 31, 2023

Term Loans

Amortized Cost Basis by Origination Year

(1)

2023

2022

2021

2020

2019

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

Florida Region:

FHA/VA government-guaranteed loans

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

943

$

-

$

943

Non-Performing

-

-

-

-

-

-

-

-

Total FHA/VA government-guaranteed loans

$

-

$

-

$

-

$

-

$

-

$

943

$

-

$

943

Conventional residential mortgage loans

Accrual Status:

Performing

$

90,018

$

77,960

$

45,781

$

29,166

$

26,903

$

187,722

$

-

$

457,550

Non-Performing

-

16

-

-

257

6,954

-

7,227

Total conventional residential mortgage loans

$

90,018

$

77,976

$

45,781

$

29,166

$

27,160

$

194,676

$

-

$

464,777

Total

Accrual Status:

Performing

$

90,018

$

77,960

$

45,781

$

29,166

$

26,903

$

188,665

$

-

$

458,493

Non-Performing

-

16

-

-

257

6,954

-

7,227

Total residential mortgage loans

$

90,018

$

77,976

$

45,781

$

29,166

$

27,160

$

195,619

$

-

$

465,720

Charge-offs on residential mortgage loans

$

-

$

-

$

-

$

-

$

-

$

6

$

-

$

6

(1)

Excludes accrued interest receivable.

As of December 31, 2023

Term Loans

Amortized Cost Basis by Origination Year

(1)

2023

2022

2021

2020

2019

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

Total:

FHA/VA government-guaranteed loans

Accrual Status:

Performing

$

378

$

681

$

942

$

525

$

1,468

$

96,242

$

-

$

100,236

Non-Performing

-

-

-

-

-

-

-

-

Total FHA/VA government-guaranteed loans

$

378

$

681

$

942

$

525

$

1,468

$

96,242

$

-

$

100,236

Conventional residential mortgage loans

Accrual Status:

Performing

$

263,104

$

242,855

$

115,034

$

58,724

$

71,192

$

1,938,342

$

-

$

2,689,251

Non-Performing

-

85

35

-

430

31,689

-

32,239

Total conventional residential mortgage loans

$

263,104

$

242,940

$

115,069

$

58,724

$

71,622

$

1,970,031

$

-

$

2,721,490

Total

Accrual Status:

Performing

$

263,482

$

243,536

$

115,976

$

59,249

$

72,660

$

2,034,584

$

-

$

2,789,487

Non-Performing

-

85

35

-

430

31,689

-

32,239

Total residential mortgage loans

$

263,482

$

243,621

$

116,011

$

59,249

$

73,090

$

2,066,273

$

-

$

2,821,726

Charge-offs on residential mortgage loans

$

-

$

2

$

-

$

3

$

12

$

3,228

$

-

$

3,245

(1)

Excludes accrued interest receivable.

As of December 31, 2022

Term Loans

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

Puerto Rico and Virgin Islands Regions:

FHA/VA government-guaranteed loans

Accrual Status:

Performing

$

700

$

693

$

802

$

1,407

$

3,784

$

110,030

$

-

$

117,416

Non-Performing

-

-

-

-

-

-

-

-

Total FHA/VA government-guaranteed loans

$

700

$

693

$

802

$

1,407

$

3,784

$

110,030

$

-

$

117,416

Conventional residential mortgage loans

Accrual Status:

Performing

$

172,628

$

75,397

$

31,885

$

47,911

$

72,285

$

1,864,907

$

-

$

2,265,013

Non-Performing

-

35

-

219

279

34,938

-

35,471

Total conventional residential mortgage loans

$

172,628

$

75,432

$

31,885

$

48,130

$

72,564

$

1,899,845

$

-

$

2,300,484

Total

Accrual Status:

Performing

$

173,328

$

76,090

$

32,687

$

49,318

$

76,069

$

1,974,937

$

-

$

2,382,429

Non-Performing

-

35

-

219

279

34,938

-

35,471

Total residential mortgage loans 

$

173,328

$

76,125

$

32,687

$

49,537

$

76,348

$

2,009,875

$

-

$

2,417,900

(1)

Excludes accrued interest receivable.

As of December 31, 2022

Term Loans

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

Florida Region:

FHA/VA government-guaranteed loans

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

742

$

-

$

742

Non-Performing

-

-

-

-

-

-

-

-

Total FHA/VA government-guaranteed loans

$

-

$

-

$

-

$

-

$

-

$

742

$

-

$

742

Conventional residential mortgage loans

Accrual Status:

Performing

$

82,968

$

49,479

$

31,405

$

31,144

$

37,268

$

189,083

$

-

$

421,347

Non-Performing

-

-

-

272

477

6,552

-

7,301

Total conventional residential mortgage loans

$

82,968

$

49,479

$

31,405

$

31,416

$

37,745

$

195,635

$

-

$

428,648

Total

Accrual Status:

Performing

$

82,968

$

49,479

$

31,405

$

31,144

$

37,268

$

189,825

$

-

$

422,089

Non-Performing

-

-

-

272

477

6,552

-

7,301

Total residential mortgage loans

$

82,968

$

49,479

$

31,405

$

31,416

$

37,745

$

196,377

$

-

$

429,390

(1)

Excludes accrued interest receivable.

As of December 31, 2022

Term Loans

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

Total:

FHA/VA government-guaranteed loans

Accrual Status:

Performing

$

700

$

693

$

802

$

1,407

$

3,784

$

110,772

$

-

$

118,158

Non-Performing

-

-

-

-

-

-

-

-

Total FHA/VA government-guaranteed loans

$

700

$

693

$

802

$

1,407

$

3,784

$

110,772

$

-

$

118,158

Conventional residential mortgage loans

Accrual Status:

Performing

$

255,596

$

124,876

$

63,290

$

79,055

$

109,553

$

2,053,990

$

-

$

2,686,360

Non-Performing

-

35

-

491

756

41,490

-

42,772

Total conventional residential mortgage loans

$

255,596

$

124,911

$

63,290

$

79,546

$

110,309

$

2,095,480

$

-

$

2,729,132

Total

Accrual Status:

Performing

$

256,296

$

125,569

$

64,092

$

80,462

$

113,337

$

2,164,762

$

-

$

2,804,518

Non-Performing

-

35

-

491

756

41,490

-

42,772

Total residential mortgage loans

$

256,296

$

125,604

$

64,092

$

80,953

$

114,093

$

2,206,252

$

-

$

2,847,290

(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, 2023 and 2022, and the gross charge-offs for the year ended December 31, 2023 by portfolio classes and by

origination year:

As of December 31, 2023

Term Loans

Amortized Cost Basis by Origination Year

(1)

2023

2022

2021

2020

2019

Prior

Revolving

Loans

Amortized

Cost Basis

Total

(In thousands)

Puerto Rico and Virgin Islands Regions:

Auto loans

Accrual Status:

Performing

$

630,507

$

532,854

$

384,103

$

178,566

$

131,913

$

61,640

$

-

$

1,919,583

Non-Performing

2,474

4,031

3,103

1,426

2,610

1,912

-

15,556

Total auto loans

$

632,981

$

536,885

$

387,206

$

179,992

$

134,523

$

63,552

$

-

$

1,935,139

Charge-offs on auto loans

$

1,969

$

8,029

$

4,688

$

1,854

$

2,413

$

1,665

$

-

$

20,618

Finance leases

Accrual Status:

Performing

$

311,620

$

246,085

$

152,028

$

64,930

$

54,207

$

24,658

$

-

$

853,528

Non-Performing

309

1,188

663

351

191

585

-

3,287

Total finance leases

$

311,929

$

247,273

$

152,691

$

65,281

$

54,398

$

25,243

$

-

$

856,815

Charge-offs on finance leases

$

473

$

1,889

$

1,162

$

557

$

593

$

725

$

-

$

5,399

Personal loans

Accrual Status:

Performing

$

169,905

$

118,433

$

32,104

$

16,282

$

28,224

$

14,213

$

-

$

379,161

Non-Performing

190

1,078

207

106

145

115

-

1,841

Total personal loans

$

170,095

$

119,511

$

32,311

$

16,388

$

28,369

$

14,328

$

-

$

381,002

Charge-offs on personal loans

$

1,118

$

9,028

$

2,881

$

1,191

$

2,317

$

1,284

$

-

$

17,819

Credit cards

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

-

$

329,212

$

329,212

Non-Performing

-

-

-

-

-

-

-

-

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

329,212

$

329,212

Charge-offs on credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

18,276

$

18,276

Other consumer loans

Accrual Status:

Performing

$

82,245

$

32,594

$

9,897

$

5,612

$

4,915

$

3,731

$

8,919

$

147,913

Non-Performing

634

537

113

61

72

135

137

1,689

Total other consumer loans

$

82,879

$

33,131

$

10,010

$

5,673

$

4,987

$

3,866

$

9,056

$

149,602

Charge-offs on other consumer loans

$

2,151

$

7,397

$

2,308

$

577

$

1,043

$

361

$

453

$

14,290

Total

Accrual Status:

Performing

$

1,194,277

$

929,966

$

578,132

$

265,390

$

219,259

$

104,242

$

338,131

$

3,629,397

Non-Performing

3,607

6,834

4,086

1,944

3,018

2,747

137

22,373

Total consumer loans 

$

1,197,884

$

936,800

$

582,218

$

267,334

$

222,277

$

106,989

$

338,268

$

3,651,770

Charge-offs on total consumer loans

$

5,711

$

26,343

$

11,039

$

4,179

$

6,366

$

4,035

$

18,729

$

76,402

(1)

Excludes accrued interest receivable.

As of December 31, 2023

Term Loans

Amortized Cost Basis by Origination Year

(1)

2023

2022

2021

2020

2019

Prior

Revolving

Loans

Amortized

Cost Basis

Total

(In thousands)

Florida Region:

Auto loans

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

135

$

970

$

-

$

1,105

Non-Performing

-

-

-

-

-

12

-

12

Total auto loans

$

-

$

-

$

-

$

-

$

135

$

982

$

-

$

1,117

Charge-offs on auto loans

$

-

$

-

$

-

$

-

$

24

$

300

$

-

$

324

Finance leases

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Non-Performing

-

-

-

-

-

-

-

-

Total finance leases

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Charge-offs on finance leases

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Personal loans

Accrual Status:

Performing

$

202

$

-

$

71

$

-

$

-

$

-

$

-

$

273

Non-Performing

-

-

-

-

-

-

-

-

Total personal loans

$

202

$

-

$

71

$

-

$

-

$

-

$

-

$

273

Charge-offs on personal loans

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Credit cards

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Non-Performing

-

-

-

-

-

-

-

-

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Charge-offs on credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Other consumer loans

Accrual Status:

Performing

$

54

$

47

$

223

$

328

$

-

$

2,246

$

1,548

$

4,446

Non-Performing

-

-

-

-

-

19

40

59

Total other consumer loans

$

54

$

47

$

223

$

328

$

-

$

2,265

$

1,588

$

4,505

Charge-offs on other consumer loans

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Total

Accrual Status:

Performing

$

256

$

47

$

294

$

328

$

135

$

3,216

$

1,548

$

5,824

Non-Performing

-

-

-

-

-

31

40

71

Total consumer loans

$

256

$

47

$

294

$

328

$

135

$

3,247

$

1,588

$

5,895

Charge-offs on total consumer loans

$

-

$

-

$

-

$

-

$

24

$

300

$

-

$

324

(1)

Excludes accrued interest receivable.

As of December 31, 2023

Term Loans

Amortized Cost Basis by Origination Year

(1)

2023

2022

2021

2020

2019

Prior

Revolving

Loans

Amortized

Cost Basis

Total

(In thousands)

Total:

Auto loans

Accrual Status:

Performing

$

630,507

$

532,854

$

384,103

$

178,566

$

132,048

$

62,610

$

-

$

1,920,688

Non-Performing

2,474

4,031

3,103

1,426

2,610

1,924

-

15,568

Total auto loans

$

632,981

$

536,885

$

387,206

$

179,992

$

134,658

$

64,534

$

-

$

1,936,256

Charge-offs on auto loans

$

1,969

$

8,029

$

4,688

$

1,854

$

2,437

$

1,965

$

-

$

20,942

Finance leases

Accrual Status:

Performing

$

311,620

$

246,085

$

152,028

$

64,930

$

54,207

$

24,658

$

-

$

853,528

Non-Performing

309

1,188

663

351

191

585

-

3,287

Total finance leases

$

311,929

$

247,273

$

152,691

$

65,281

$

54,398

$

25,243

$

-

$

856,815

Charge-offs on finance leases

$

473

$

1,889

$

1,162

$

557

$

593

$

725

$

-

$

5,399

Personal loans

Accrual Status:

Performing

$

170,107

$

118,433

$

32,175

$

16,282

$

28,224

$

14,213

$

-

$

379,434

Non-Performing

190

1,078

207

106

145

115

-

1,841

Total personal loans

$

170,297

$

119,511

$

32,382

$

16,388

$

28,369

$

14,328

$

-

$

381,275

Charge-offs on personal loans

$

1,118

$

9,028

$

2,881

$

1,191

$

2,317

$

1,284

$

-

$

17,819

Credit cards

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

-

$

329,212

$

329,212

Non-Performing

-

-

-

-

-

-

-

-

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

329,212

$

329,212

Charge-offs on credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

18,276

$

18,276

Other consumer loans

Accrual Status:

Performing

$

82,299

$

32,641

$

10,120

$

5,940

$

4,915

$

5,977

$

10,467

$

152,359

Non-Performing

634

537

113

61

72

154

177

1,748

Total other consumer loans

$

82,933

$

33,178

$

10,233

$

6,001

$

4,987

$

6,131

$

10,644

$

154,107

Charge-offs on other consumer loans

$

2,151

$

7,397

$

2,308

$

577

$

1,043

$

361

$

453

$

14,290

Total

Accrual Status:

Performing

$

1,194,533

$

930,013

$

578,426

$

265,718

$

219,394

$

107,458

$

339,679

$

3,635,221

Non-Performing

3,607

6,834

4,086

1,944

3,018

2,778

177

22,444

Total consumer loans

$

1,198,140

$

936,847

$

582,512

$

267,662

$

222,412

$

110,236

$

339,856

$

3,657,665

Charge-offs on total consumer loans

$

5,711

$

26,343

$

11,039

$

4,179

$

6,390

$

4,335

$

18,729

$

76,726

(1)

Excludes accrued interest receivable.

As of December 31, 2022

Term Loans

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving

Loans

Amortized

Cost Basis

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

Non-Performing

1,666

2,140

1,596

2,508

1,385

1,301

-

10,596

Total auto loans

$

675,811

$

513,090

$

255,792

$

208,853

$

100,393

$

40,439

$

-

$

1,794,378

Finance leases

Accrual Status:

Performing

$

292,995

$

192,435

$

88,196

$

81,186

$

48,332

$

13,441

$

-

$

716,585

Non-Performing

176

253

305

219

384

308

-

1,645

Total finance leases

$

293,171

$

192,688

$

88,501

$

81,405

$

48,716

$

13,749

$

-

$

718,230

Personal loans

Accrual Status:

Performing

$

175,875

$

55,993

$

29,320

$

53,911

$

22,838

$

13,727

$

-

$

351,664

Non-Performing

348

249

135

289

112

115

-

1,248

Total personal loans

$

176,223

$

56,242

$

29,455

$

54,200

$

22,950

$

13,842

$

-

$

352,912

Credit cards

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

-

$

311,731

$

311,731

Non-Performing

-

-

-

-

-

-

-

-

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

311,731

$

311,731

Other consumer loans

Accrual Status:

Performing

$

79,630

$

21,488

$

9,345

$

11,941

$

4,030

$

3,761

$

8,921

$

139,116

Non-Performing

409

201

61

119

20

241

71

1,122

Total other consumer loans

$

80,039

$

21,689

$

9,406

$

12,060

$

4,050

$

4,002

$

8,992

$

140,238

Total

Accrual Status:

Performing

$

1,222,645

$

780,866

$

381,057

$

353,383

$

174,208

$

70,067

$

320,652

$

3,302,878

Non-Performing

2,599

2,843

2,097

3,135

1,901

1,965

71

14,611

Total consumer loans 

$

1,225,244

$

783,709

$

383,154

$

356,518

$

176,109

$

72,032

$

320,723

$

3,317,489

(1)

Excludes accrued interest receivable.

As of December 31, 2022

Term Loans

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving

Loans

Amortized

Cost Basis

Total

(In thousands)

Florida Region:

Auto loans

Accrual Status:

Performing

$

-

$

-

$

-

$

305

$

2,333

$

979

$

-

$

3,617

Non-Performing

-

-

-

-

36

40

-

76

Total auto loans

$

-

$

-

$

-

$

305

$

2,369

$

1,019

$

-

$

3,693

Finance leases

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Non-Performing

-

-

-

-

-

-

-

-

Total finance leases

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Personal loans

Accrual Status:

Performing

$

254

$

71

$

9

$

-

$

-

$

-

$

-

$

334

Non-Performing

-

-

-

-

-

-

-

-

Total personal loans

$

254

$

71

$

9

$

-

$

-

$

-

$

-

$

334

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

Non-Performing

-

-

-

-

-

21

98

119

Total other consumer loans

$

49

$

231

$

464

$

-

$

39

$

2,609

$

2,560

$

5,952

Total

Accrual Status:

Performing

$

303

$

302

$

473

$

305

$

2,372

$

3,567

$

2,462

$

9,784

Non-Performing

-

-

-

-

36

61

98

195

Total consumer loans

$

303

$

302

$

473

$

305

$

2,408

$

3,628

$

2,560

$

9,979

(1)

Excludes accrued interest receivable.

As of December 31, 2022

Term Loans

Amortized Cost Basis by Origination Year

(1)

2022

2021

2020

2019

2018

Prior

Revolving

Loans

Amortized

Cost Basis

Total

(In thousands)

Total:

Auto loans

Accrual Status:

Performing

$

674,145

$

510,950

$

254,196

$

206,650

$

101,341

$

40,117

$

-

$

1,787,399

Non-Performing

1,666

2,140

1,596

2,508

1,421

1,341

-

10,672

Total auto loans

$

675,811

$

513,090

$

255,792

$

209,158

$

102,762

$

41,458

$

-

$

1,798,071

Finance leases

Accrual Status:

Performing

$

292,995

$

192,435

$

88,196

$

81,186

$

48,332

$

13,441

$

-

$

716,585

Non-Performing

176

253

305

219

384

308

-

1,645

Total finance leases

$

293,171

$

192,688

$

88,501

$

81,405

$

48,716

$

13,749

$

-

$

718,230

Personal loans

Accrual Status:

Performing

$

176,129

$

56,064

$

29,329

$

53,911

$

22,838

$

13,727

$

-

$

351,998

Non-Performing

348

249

135

289

112

115

-

1,248

Total personal loans

$

176,477

$

56,313

$

29,464

$

54,200

$

22,950

$

13,842

$

-

$

353,246

Credit cards

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

-

$

311,731

$

311,731

Non-Performing

-

-

-

-

-

-

-

-

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

311,731

$

311,731

Other consumer loans

Accrual Status:

Performing

$

79,679

$

21,719

$

9,809

$

11,941

$

4,069

$

6,349

$

11,383

$

144,949

Non-Performing

409

201

61

119

20

262

169

1,241

Total other consumer loans

$

80,088

$

21,920

$

9,870

$

12,060

$

4,089

$

6,611

$

11,552

$

146,190

Total

Accrual Status:

Performing

$

1,222,948

$

781,168

$

381,530

$

353,688

$

176,580

$

73,634

$

323,114

$

3,312,662

Non-Performing

2,599

2,843

2,097

3,135

1,937

2,026

169

14,806

Total consumer loans

$

1,225,547

$

784,011

$

383,627

$

356,823

$

178,517

$

75,660

$

323,283

$

3,327,468

(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, 2023

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

$

25,355

$

1,732

$

-

$

25,355

$

1,732

Commercial loans:

Construction loans

-

-

956

956

-

Commercial mortgage loans

4,454

135

40,683

45,137

135

C&I loans 

9,390

1,563

6,780

16,170

1,563

Consumer loans:

Personal loans

28

1

-

28

1

Other consumer loans

123

12

-

123

12

$

39,350

$

3,443

$

48,419

$

87,769

$

3,443

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

TDR [Member]

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

Troubled Debt Restructurings On Financing Receivables Table [Text Block]

Year Ended December 31, 2023

Payment Delay Only

Forbearance

Payment Plan

Trial

Modification

Interest Rate

Reduction

Term

Extension

Combination

of Interest

Rate

Reduction

and Term

Extension

Other

Total

Percentage

of Total by

Portfolio

Classes

(In thousands)

Conventional residential mortgage loans

$

-

$

-

$

501

$

-

$

999

$

238

$

-

$

1,738

0.06%

Construction loans

-

-

-

-

-

-

-

-

-

Commercial mortgage loans

-

-

-

-

2,222

30,170

-

32,392

1.40%

C&I loans

-

-

-

186

185

-

-

371

0.01%

Consumer loans:

Auto loans

-

-

-

-

474

215

2,084

(1)

2,773

0.14%

Personal loans

-

-

-

-

138

202

-

340

0.09%

Credit cards

-

-

-

1,424

(2)

-

-

-

1,424

0.43%

Other consumer loans

-

-

-

-

424

78

29

(1)

531

0.34%

 Total modifications

$

-

$

-

$

501

$

1,610

$

4,442

$

30,903

$

2,113

$

39,569

(1)

Modification consists of reduction to 0% interest rate for remaining loan term to borrowers in bankruptcy proceedings or consumer credit counseling programs unless dismissal occurs.

(2)

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

The following table presents by portfolio classes the financial effects of the modifications granted to borrowers experiencing

financial difficulty, other than those associated to payment delay, during the year ended December 31, 2023. The financial effects of

the modifications associated to payment delay were discussed above and, as such, were excluded from the table below:

Year Ended December 31, 2023

Combination of Interest Rate Reduction and Term

Extension

Weighted-Average

Interest Rate Reduction

(%)

Weighted-Average Term

Extension (in months)

Weighted-Average

Interest Rate Reduction

(%)

Weighted-Average Term

Extension (in months)

(In thousands)

Conventional residential mortgage loans

-

%

93

2.95

%

105

Construction loans

-

%

-

-

%

-

Commercial mortgage loans

-

%

13

0.25

%

64

C&I loans

0.45

%

72

-

%

-

Consumer loans:

Auto loans

-

%

23

2.95

%

24

Personal loans

-

%

36

4.57

%

29

Credit cards

16.09

%

-

-

%

-

Other consumer loans

-

%

26

1.60

%

22

The following table presents by portfolio classes the performance of loans modified during the year ended December 31, 2023

that were granted to borrowers experiencing financial difficulty:

Year Ended December 31, 2023

30-59

60-89

90+

Total

Delinquency

Current

Total

(In thousands)

Conventional residential mortgage loans

$

14

$

-

$

-

$

14

$

1,724

$

1,738

Construction loans

-

-

-

-

-

-

Commercial mortgage loans

-

-

-

-

32,392

32,392

C&I loans

-

-

-

-

371

371

Consumer loans:

Auto loans

27

18

18

63

2,710

2,773

Personal loans

52

-

15

67

273

340

Credit cards

43

16

2

61

1,363

1,424

Other consumer loans

46

11

20

77

454

531

 Total modifications

$

182

$

45

$

55

$

282

$

39,287

$

39,569

The following table presents the amortized cost basis of classes of financing receivables that had a payment default (failure by the

borrower to make payments of either principal, interest, or both for a period of 90 days or more) and were modified to borrowers

experiencing financial difficulty during the year ended December 31, 2023:

Year ended December 31, 2023

Interest Rate

Reduction

Term

Extension

Combination

of Interest

Rate

Reduction

and Term

Extension

Forgiveness of

Principal

and/or

Interest

Other

Total

(In thousands)

Conventional residential mortgage

loans

$

-

$

-

$

-

$

-

$

-

$

-

Construction loans

-

-

-

-

-

-

Commercial mortgage loans

-

-

-

-

-

-

C&I loans

-

-

-

-

-

-

Consumer loans:

Auto loans

-

-

-

-

18

18

Personal loans

-

-

15

-

-

15

Credit cards

2

-

-

-

-

2

Other consumer loans

-

20

-

-

-

20

 Total modifications

$

2

$

20

$

15

$

-

$

18

$

55

Troubled Debt Restructuring ("TDR") Disclosures Prior to Adoption of ASU 2022-02

 The following provides additional disclosures previously required by ASC Subtopic 310-40, Receivables - Troubled Debt

Restructurings by Creditors, related to the years ended December 31, 2022 and 2021. Prior to the adoption of ASU 2022-02, a

restructuring of a loan constituted a TDR if the creditor, for economic or legal reasons related to the borrower's financial difficulties,

granted a concession to the borrower that it would not otherwise consider. See Note 1 - "Nature of Business and Summary of

Significant Accounting Policies" and Note 4 - "Loans Held For Investment" to the audited consolidated financial statements included

in the Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on February 28, 2023, for additional

discussion of TDRs. The following tables present TDR loans completed during the years ended December 31, 2022 and 2021:

Year Ended December 31, 2022

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

Other

(1)

Total

(In thousands)

TDRs:

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

816

(2)

-

-

-

-

816

Other consumer loans

112

272

16

43

-

443

Total TDRs 

$

6,739

$

3,044

$

6,504

$

868

$

6,461

$

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

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

Other

(1)

Total

(In thousands)

TDRs:

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

1,426

(2)

-

-

-

-

1,426

Other consumer loans

110

79

-

77

-

266

Total TDRs 

$

3,802

$

2,376

$

23,023

$

77

$

4,938

$

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, 2022

Year Ended December 31, 2021

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

68

$

7,165

$

7,100

66

$

7,687

$

7,594

Construction loans

-

-

-

-

-

-

Commercial mortgage loans

3

5,897

5,890

7

11,285

11,223

C&I loans

17

5,156

4,928

6

10,031

9,908

Consumer loans:

 Auto loans

168

3,404

3,454

134

2,601

2,598

 Finance leases

33

592

591

42

692

697

 Personal loans

26

366

394

46

497

504

 Credit Cards

170

815

816

246

1,426

1,426

 Other consumer loans

115

434

443

65

266

266

 Total TDRs

600

$

23,829

$

23,616

612

$

34,485

$

34,216

Loan modifications considered TDR loans that defaulted (failure by the borrower to make payments of either principal, interest, or

both for a period of 90 days or more) during the years ended December 31, 2022 and 2021, and had become TDR loans during the 12-

months preceding the default date, were as follows:

Year Ended December 31, 2022

Year Ended December 31, 2021

Number of contracts

Amortized Cost

Number of contracts

Amortized Cost

(Dollars in thousands)

Conventional residential mortgage loans

2

$

124

-

$

-

Construction loans

-

-

-

-

Commercial mortgage loans

-

-

-

-

C&I loans

-

-

-

-

Consumer loans:

Auto loans

96

2,049

92

1,625

Finance leases

1

16

-

-

Personal loans

-

-

1

1

Credit cards

28

156

24

126

Other consumer loans

8

30

11

45

Total

135

$

2,375

128

$

1,797