REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

3 Months Ended

Mar. 31, 2024

REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract]

Disaggregation of Revenue [Table Text Block]

Quarter ended March 31,2024

Mortgage

Banking

Consumer

(Retail)

Banking

Commercial

and Corporate

Treasury and

Investments

United States

Operations

Virgin Islands

Operations

Total

(In thousands)

Net interest income (loss)

(1)

$

15,823

$

148,947

$

14,928

$

(6,532)

$

18,248

$

5,106

$

196,520

Service charges and fees on deposit accounts

-

5,281

3,492

-

148

741

9,662

Insurance commissions

-

5,234

-

-

56

217

5,507

Card and processing income

-

10,238

24

-

78

972

11,312

Other service charges and fees

58

1,043

876

-

621

141

2,739

Not in scope of ASC Topic 606

 (1)

2,961

1,610

109

83

(2)

2

4,763

 Total non-interest income

3,019

23,406

4,501

83

901

2,073

33,983

Total Revenue (Loss)

$

18,842

$

172,353

$

19,429

$

(6,449)

$

19,149

$

7,179

$

230,503

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 (loss)

(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

Card and processing income

-

9,901

22

-

31

964

10,918

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 (Loss)

$

24,862

$

159,778

$

19,115

$

(498)

$

21,777

$

8,369

$

233,403

(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.