LOANS HELD FOR INVESTMENT (Tables)

12 Months Ended

Dec. 31, 2024

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,

2024

2023

(In thousands)

Puerto Rico and Virgin Islands region:

Residential mortgage loans, mainly secured by first mortgages

$

2,323,205

$

2,356,006

Construction loans

184,427

115,401

Commercial mortgage loans 

1,867,894

1,790,637

C&I loans

2,325,875

2,249,408

Consumer loans

3,750,205

3,651,770

Loans held for investment

$

10,451,606

$

10,163,222

Florida region:

Residential mortgage loans, mainly secured by first mortgages

$

505,226

$

465,720

Construction loans

43,969

99,376

Commercial mortgage loans 

698,090

526,446

C&I loans

1,040,163

924,824

Consumer loans

7,502

5,895

Loans held for investment

$

2,294,950

$

2,022,261

Total:

Residential mortgage loans, mainly secured by first mortgages

$

2,828,431

$

2,821,726

Construction loans

228,396

214,777

Commercial mortgage loans 

2,565,984

2,317,083

C&I loans

(1)

3,366,038

3,174,232

Consumer loans

3,757,707

3,657,665

Loans held for investment

(2)

12,746,556

12,185,483

ACL on loans and finance leases

(243,942)

(261,843)

Loans held for investment, net

$

12,502,614

$

11,923,640

(1)

As of December 31, 2024 and 2023, includes $

780.9

 million and $

787.5

 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 $

23.6

 million and $

24.7

 million as of December 31, 2024 and 2023, 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, 2024 and 2023 are as follows:

As of December 31, 2024

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)

$

70,529

$

-

$

2,907

$

18,816

$

-

$

92,252

$

-

 Conventional residential mortgage loans

(2) (6)

2,666,959

-

29,867

7,404

31,949

2,736,179

1,773

Commercial loans:

 Construction loans

227,031

-

-

-

1,365

228,396

968

 Commercial mortgage loans

(2) (6)

2,554,226

-

-

907

10,851

2,565,984

6,732

 C&I loans 

3,336,465

1,589

575

6,895

20,514

3,366,038

1,189

Consumer loans:

 Auto loans

1,935,995

61,524

13,354

-

15,305

2,026,178

1,032

 Finance leases

875,663

15,879

4,092

-

3,812

899,446

275

 Personal loans

349,588

6,591

3,593

-

2,136

361,908

3

 Credit cards

303,311

5,366

3,969

8,368

-

321,014

-

 Other consumer loans

143,957

2,222

1,447

-

1,535

149,161

-

 Total loans held for investment

$

12,463,724

$

93,171

$

59,804

$

42,390

$

87,467

$

12,746,556

$

11,972

(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-month delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $

8.0

 million of residential mortgage loans

guaranteed by the FHA that were over 15 months delinquent as of December 31, 2024.

(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 methodology 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 $

6.2

 million as of

December 31, 2024 ($

5.3

 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 $

5.7

 million as of December 31, 2024. 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 $

8.6

 million as of December 31, 2024, of which $

8.5

 million were residential mortgage loans.

(5)

There were

no

 nonaccrual loans with no ACL in the Florida region as of December 31, 2024.

(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, 2024 amounted to $

8.8

 million, $

65.6

 million, and $

1.0

 million,

respectively.

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-month 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 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 $

8.0

 million as of December 31, 2023, of which $

7.2

 million were residential mortgage loans and $

0.7

 million were 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, and $

1.1

 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, 2024 and 2023, and the gross charge-offs for the years

ended December 31, 2024 and 2023 by portfolio classes and by origination year were as follows:

As of December 31,2024

Puerto Rico and Virgin Islands Regions

Term Loans

Amortized Cost Basis by Origination Year

(1)

2024

2023

2022

2021

2020

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

CONSTRUCTION

 Risk Ratings:

 Pass

$

55,802

$

101,104

$

9,771

$

9,877

$

-

$

3,201

$

-

$

179,755

 Criticized:

 Special Mention

-

-

-

-

-

-

-

-

 Substandard

-

3,307

-

-

-

1,365

-

4,672

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total construction loans

$

55,802

$

104,411

$

9,771

$

9,877

$

-

$

4,566

$

-

$

184,427

 Charge-offs on construction loans

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

COMMERCIAL MORTGAGE

 Risk Ratings:

 Pass

$

325,359

$

169,370

$

424,613

$

139,839

$

313,431

$

426,946

$

5,318

$

1,804,876

 Criticized:

 Special Mention

-

3,710

3,158

-

30,167

-

-

37,035

 Substandard

-

-

-

-

-

25,983

-

25,983

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total commercial mortgage loans

$

325,359

$

173,080

$

427,771

$

139,839

$

343,598

$

452,929

$

5,318

$

1,867,894

 Charge-offs on commercial mortgage loans

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

C&I

 Risk Ratings:

 Pass

$

238,283

$

375,698

$

277,074

$

125,063

$

136,222

$

297,364

$

799,976

$

2,249,680

 Criticized:

 Special Mention

-

2,308

-

10,005

-

399

32,188

44,900

 Substandard

148

-

3,139

14,119

230

6,445

7,214

31,295

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total C&I loans

$

238,431

$

378,006

$

280,213

$

149,187

$

136,452

$

304,208

$

839,378

$

2,325,875

 Charge-offs on C&I loans

$

-

$

606

$

304

$

-

$

-

$

1,261

$

264

$

2,435

(1) Excludes accrued interest receivable.

As of December 31,2024

Term Loans

Florida Region

Amortized Cost Basis by Origination Year

(1)

2024

2023

2022

2021

2020

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

CONSTRUCTION

 Risk Ratings:

 Pass

$

13,112

$

15,331

$

-

$

-

$

-

$

-

$

15,526

$

43,969

 Criticized:

 Special Mention

-

-

-

-

-

-

-

-

 Substandard

-

-

-

-

-

-

-

-

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total construction loans

$

13,112

$

15,331

$

-

$

-

$

-

$

-

$

15,526

$

43,969

 Charge-offs on construction loans

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

COMMERCIAL MORTGAGE

 Risk Ratings:

 Pass

$

80,981

$

28,684

$

227,896

$

104,931

$

38,570

$

159,595

$

32,079

$

672,736

 Criticized:

 Special Mention

-

-

-

-

-

-

-

-

 Substandard

-

-

12,183

-

993

12,178

-

25,354

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total commercial mortgage loans

$

80,981

$

28,684

$

240,079

$

104,931

$

39,563

$

171,773

$

32,079

$

698,090

 Charge-offs on commercial mortgage loans

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

C&I

 Risk Ratings:

 Pass

$

247,268

$

170,620

$

188,162

$

136,625

$

23,563

$

116,814

$

146,048

$

1,029,100

 Criticized:

 Special Mention

-

-

-

-

-

11,063

-

11,063

 Substandard

-

-

-

-

-

-

-

-

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total C&I loans

$

247,268

$

170,620

$

188,162

$

136,625

$

23,563

$

127,877

$

146,048

$

1,040,163

 Charge-offs on C&I loans

$

-

$

-

$

-

$

-

$

-

$

48

$

259

$

307

(1) Excludes accrued interest receivable.

As of December 31,2024

Term Loans

Total

Amortized Cost Basis by Origination Year

 (1)

2024

2023

2022

2021

2020

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

CONSTRUCTION

 Risk Ratings:

 Pass

$

68,914

$

116,435

$

9,771

$

9,877

$

-

$

3,201

$

15,526

$

223,724

 Criticized:

 Special Mention

-

-

-

-

-

-

-

-

 Substandard

-

3,307

-

-

-

1,365

-

4,672

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total construction loans

$

68,914

$

119,742

$

9,771

$

9,877

$

-

$

4,566

$

15,526

$

228,396

 Charge-offs on construction loans

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

COMMERCIAL MORTGAGE

 Risk Ratings:

 Pass

$

406,340

$

198,054

$

652,509

$

244,770

$

352,001

$

586,541

$

37,397

$

2,477,612

 Criticized:

 Special Mention

-

3,710

3,158

-

30,167

-

-

37,035

 Substandard

-

-

12,183

-

993

38,161

-

51,337

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total commercial mortgage loans

$

406,340

$

201,764

$

667,850

$

244,770

$

383,161

$

624,702

$

37,397

$

2,565,984

 Charge-offs on commercial mortgage loans

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

C&I

 Risk Ratings:

 Pass

$

485,551

$

546,318

$

465,236

$

261,688

$

159,785

$

414,178

$

946,024

$

3,278,780

 Criticized:

 Special Mention

-

2,308

-

10,005

-

11,462

32,188

55,963

 Substandard

148

-

3,139

14,119

230

6,445

7,214

31,295

 Doubtful

-

-

-

-

-

-

-

-

 Loss

-

-

-

-

-

-

-

-

 Total C&I loans

$

485,699

$

548,626

$

468,375

$

285,812

$

160,015

$

432,085

$

985,426

$

3,366,038

 Charge-offs on C&I loans

$

-

$

606

$

304

$

-

$

-

$

1,309

$

523

$

2,742

(1) Excludes accrued interest receivable.

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.

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, 2024 and 2023, and the gross charge-offs for the years ended December 31, 2024 and 2023 by

origination year:

As of December 31,2024

Term Loans

Amortized Cost Basis by Origination Year

(1)

2024

2023

2022

2021

2020

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

Puerto Rico and Virgin Islands Regions:

FHA/VA government-guaranteed loans

Accrual Status:

Performing

$

-

$

1,146

$

1,143

$

927

$

640

$

87,268

$

-

$

91,124

Non-Performing

-

-

-

-

-

-

-

-

Total FHA/VA government-guaranteed loans

$

-

$

1,146

$

1,143

$

927

$

640

$

87,268

$

-

$

91,124

Conventional residential mortgage loans

Accrual Status:

Performing

$

188,865

$

165,191

$

151,553

$

62,795

$

27,078

$

1,613,190

$

-

$

2,208,672

Non-Performing

-

-

68

-

-

23,341

-

23,409

Total conventional residential mortgage loans

$

188,865

$

165,191

$

151,621

$

62,795

$

27,078

$

1,636,531

$

-

$

2,232,081

Total

Accrual Status:

Performing

$

188,865

$

166,337

$

152,696

$

63,722

$

27,718

$

1,700,458

$

-

$

2,299,796

Non-Performing

-

-

68

-

-

23,341

-

23,409

Total residential mortgage loans 

$

188,865

$

166,337

$

152,764

$

63,722

$

27,718

$

1,723,799

$

-

$

2,323,205

Charge-offs on residential mortgage loans

$

-

$

4

$

-

$

-

$

9

$

1,958

$

-

$

1,971

(1)

Excludes accrued interest receivable.

As of December 31,2024

Term Loans

Amortized Cost Basis by Origination Year

(1)

2024

2023

2022

2021

2020

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

Florida Region:

FHA/VA government-guaranteed loans

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

1,128

$

-

$

1,128

Non-Performing

-

-

-

-

-

-

-

-

Total FHA/VA government-guaranteed loans

$

-

$

-

$

-

$

-

$

-

$

1,128

$

-

$

1,128

Conventional residential mortgage loans

Accrual Status:

Performing

$

89,474

$

86,241

$

69,077

$

41,583

$

27,147

$

182,036

$

-

$

495,558

Non-Performing

-

-

1,233

-

-

7,307

-

8,540

Total conventional residential mortgage loans

$

89,474

$

86,241

$

70,310

$

41,583

$

27,147

$

189,343

$

-

$

504,098

Total

Accrual Status:

Performing

$

89,474

$

86,241

$

69,077

$

41,583

$

27,147

$

183,164

$

-

$

496,686

Non-Performing

-

-

1,233

-

-

7,307

-

8,540

Total residential mortgage loans

$

89,474

$

86,241

$

70,310

$

41,583

$

27,147

$

190,471

$

-

$

505,226

Charge-offs on residential mortgage loans

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

(1)

Excludes accrued interest receivable.

As of December 31,2024

Term Loans

Amortized Cost Basis by Origination Year

(1)

2024

2023

2022

2021

2020

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

Total:

FHA/VA government-guaranteed loans

Accrual Status:

Performing

$

-

$

1,146

$

1,143

$

927

$

640

$

88,396

$

-

$

92,252

Non-Performing

-

-

-

-

-

-

-

-

Total FHA/VA government-guaranteed loans

$

-

$

1,146

$

1,143

$

927

$

640

$

88,396

$

-

$

92,252

Conventional residential mortgage loans

Accrual Status:

Performing

$

278,339

$

251,432

$

220,630

$

104,378

$

54,225

$

1,795,226

$

-

$

2,704,230

Non-Performing

-

-

1,301

-

-

30,648

-

31,949

Total conventional residential mortgage loans

$

278,339

$

251,432

$

221,931

$

104,378

$

54,225

$

1,825,874

$

-

$

2,736,179

Total

Accrual Status:

Performing

$

278,339

$

252,578

$

221,773

$

105,305

$

54,865

$

1,883,622

$

-

$

2,796,482

Non-Performing

-

-

1,301

-

-

30,648

-

31,949

Total residential mortgage loans

$

278,339

$

252,578

$

223,074

$

105,305

$

54,865

$

1,914,270

$

-

$

2,828,431

Charge-offs on residential mortgage loans

$

-

$

4

$

-

$

-

$

9

$

1,958

$

-

$

1,971

(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)

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.

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, 2024 and 2023, and the gross charge-offs for the years ended December 31, 2024 and 2023 by portfolio

classes and by origination year:

As of December 31, 2024

Term Loans

Amortized Cost Basis by Origination Year

(1)

2024

2023

2022

2021

2020

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

Puerto Rico and Virgin Islands Regions:

Auto loans

Accrual Status:

Performing

$

630,491

$

505,173

$

399,840

$

271,258

$

115,246

$

88,682

$

-

$

2,010,690

Non-Performing

1,412

3,794

3,182

2,810

1,227

2,870

-

15,295

Total auto loans

$

631,903

$

508,967

$

403,022

$

274,068

$

116,473

$

91,552

$

-

$

2,025,985

Charge-offs on auto loans

$

1,711

$

10,903

$

10,338

$

5,571

$

1,872

$

3,409

$

-

$

33,804

Finance leases

Accrual Status:

Performing

$

252,402

$

266,188

$

194,334

$

112,417

$

44,157

$

26,136

$

-

$

895,634

Non-Performing

260

834

1,155

525

289

749

-

3,812

Total finance leases

$

252,662

$

267,022

$

195,489

$

112,942

$

44,446

$

26,885

$

-

$

899,446

Charge-offs on finance leases

$

171

$

2,628

$

3,278

$

1,420

$

488

$

1,147

$

-

$

9,132

Personal loans

Accrual Status:

Performing

$

127,284

$

115,428

$

73,254

$

17,562

$

8,359

$

16,146

$

-

$

358,033

Non-Performing

173

924

593

193

40

213

-

2,136

Total personal loans

$

127,457

$

116,352

$

73,847

$

17,755

$

8,399

$

16,359

$

-

$

360,169

Charge-offs on personal loans

$

729

$

8,217

$

9,503

$

2,114

$

667

$

1,876

$

-

$

23,106

Credit cards

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

-

$

321,014

$

321,014

Non-Performing

-

-

-

-

-

-

-

-

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

321,014

$

321,014

Charge-offs on credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

24,531

$

24,531

Other consumer loans

Accrual Status:

Performing

$

67,473

$

36,941

$

16,902

$

4,940

$

3,627

$

3,587

$

8,621

$

142,091

Non-Performing

518

370

214

58

11

166

163

1,500

Total other consumer loans

$

67,991

$

37,311

$

17,116

$

4,998

$

3,638

$

3,753

$

8,784

$

143,591

Charge-offs on other consumer loans

$

1,754

$

9,473

$

4,648

$

1,120

$

278

$

569

$

623

$

18,465

Total

Accrual Status:

Performing

$

1,077,650

$

923,730

$

684,330

$

406,177

$

171,389

$

134,551

$

329,635

$

3,727,462

Non-Performing

2,363

5,922

5,144

3,586

1,567

3,998

163

22,743

Total consumer loans 

$

1,080,013

$

929,652

$

689,474

$

409,763

$

172,956

$

138,549

$

329,798

$

3,750,205

Charge-offs on total consumer loans

$

4,365

$

31,221

$

27,767

$

10,225

$

3,305

$

7,001

$

25,154

$

109,038

(1)

Excludes accrued interest receivable.

As of December 31, 2024

Term Loans

Amortized Cost Basis by Origination Year

(1)

2024

2023

2022

2021

2020

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

Florida Region:

Auto loans

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

183

$

-

$

183

Non-Performing

-

-

-

-

-

10

-

10

Total auto loans

$

-

$

-

$

-

$

-

$

-

$

193

$

-

$

193

Charge-offs on auto loans

$

-

$

-

$

-

$

-

$

-

$

77

$

-

$

77

Finance leases

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Non-Performing

-

-

-

-

-

-

-

-

Total finance leases

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Charge-offs on finance leases

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Personal loans

Accrual Status:

Performing

$

1,693

$

46

$

-

$

-

$

-

$

-

$

-

$

1,739

Non-Performing

-

-

-

-

-

-

-

-

Total personal loans

$

1,693

$

46

$

-

$

-

$

-

$

-

$

-

$

1,739

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

$

1,186

$

52

$

-

$

215

$

314

$

1,891

$

1,877

$

5,535

Non-Performing

-

-

-

-

-

16

19

35

Total other consumer loans

$

1,186

$

52

$

-

$

215

$

314

$

1,907

$

1,896

$

5,570

Charge-offs on other consumer loans

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Total

Accrual Status:

Performing

$

2,879

$

98

$

-

$

215

$

314

$

2,074

$

1,877

$

7,457

Non-Performing

-

-

-

-

-

26

19

45

Total consumer loans

$

2,879

$

98

$

-

$

215

$

314

$

2,100

$

1,896

$

7,502

Charge-offs on total consumer loans

$

-

$

-

$

-

$

-

$

-

$

77

$

-

$

77

(1)

Excludes accrued interest receivable.

As of December 31, 2024

Term Loans

Amortized Cost Basis by Origination Year

(1)

2024

2023

2022

2021

2020

Prior

Revolving Loans

Amortized Cost

Basis

Total

(In thousands)

Total:

Auto loans

Accrual Status:

Performing

$

630,491

$

505,173

$

399,840

$

271,258

$

115,246

$

88,865

$

-

$

2,010,873

Non-Performing

1,412

3,794

3,182

2,810

1,227

2,880

-

15,305

Total auto loans

$

631,903

$

508,967

$

403,022

$

274,068

$

116,473

$

91,745

$

-

$

2,026,178

Charge-offs on auto loans

$

1,711

$

10,903

$

10,338

$

5,571

$

1,872

$

3,486

$

-

$

33,881

Finance leases

Accrual Status:

Performing

$

252,402

$

266,188

$

194,334

$

112,417

$

44,157

$

26,136

$

-

$

895,634

Non-Performing

260

834

1,155

525

289

749

-

3,812

Total finance leases

$

252,662

$

267,022

$

195,489

$

112,942

$

44,446

$

26,885

$

-

$

899,446

Charge-offs on finance leases

$

171

$

2,628

$

3,278

$

1,420

$

488

$

1,147

$

-

$

9,132

Personal loans

Accrual Status:

Performing

$

128,977

$

115,474

$

73,254

$

17,562

$

8,359

$

16,146

$

-

$

359,772

Non-Performing

173

924

593

193

40

213

-

2,136

Total personal loans

$

129,150

$

116,398

$

73,847

$

17,755

$

8,399

$

16,359

$

-

$

361,908

Charge-offs on personal loans

$

729

$

8,217

$

9,503

$

2,114

$

667

$

1,876

$

-

$

23,106

Credit cards

Accrual Status:

Performing

$

-

$

-

$

-

$

-

$

-

$

-

$

321,014

$

321,014

Non-Performing

-

-

-

-

-

-

-

-

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

321,014

$

321,014

Charge-offs on credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

24,531

$

24,531

Other consumer loans

Accrual Status:

Performing

$

68,659

$

36,993

$

16,902

$

5,155

$

3,941

$

5,478

$

10,498

$

147,626

Non-Performing

518

370

214

58

11

182

182

1,535

Total other consumer loans

$

69,177

$

37,363

$

17,116

$

5,213

$

3,952

$

5,660

$

10,680

$

149,161

Charge-offs on other consumer loans

$

1,754

$

9,473

$

4,648

$

1,120

$

278

$

569

$

623

$

18,465

Total

Accrual Status:

Performing

$

1,080,529

$

923,828

$

684,330

$

406,392

$

171,703

$

136,625

$

331,512

$

3,734,919

Non-Performing

2,363

5,922

5,144

3,586

1,567

4,024

182

22,788

Total consumer loans

$

1,082,892

$

929,750

$

689,474

$

409,978

$

173,270

$

140,649

$

331,694

$

3,757,707

Charge-offs on total consumer loans

$

4,365

$

31,221

$

27,767

$

10,225

$

3,305

$

7,078

$

25,154

$

109,115

(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)

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.

Collateral Pledged [Member]

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

Loan Portfolio Held for Investment [Table Text Block]

As of December 31, 2024

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

$

24,163

$

1,285

$

80

$

24,243

$

1,285

Commercial loans:

Construction loans

-

-

956

956

-

Commercial mortgage loans

4,981

44

41,784

46,765

44

C&I loans 

15,684

552

6,120

21,804

552

Consumer loans:

Personal loans

28

1

-

28

1

Other consumer loans

123

10

-

123

10

$

44,979

$

1,892

$

48,940

$

93,919

$

1,892

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

TDR [Member]

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

Troubled Debt Restructurings on Financing Receivables Table [Text Block]

Year Ended December 31, 2024

Payment Delay

Only

Trial

Modification

Change in

Amortization

Term

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

$

305

$

-

$

-

$

598

$

57

$

-

$

960

0.04%

Construction loans

-

-

-

120

-

-

120

0.05%

Commercial mortgage loans

-

-

-

127,161

374

-

127,535

4.97%

C&I loans

-

3,273

79

2,864

4,019

-

(1)

10,235

0.30%

Consumer loans:

Auto loans

-

-

-

442

220

3,199

(1)

3,861

0.19%

Personal loans

-

-

-

12

178

-

190

0.05%

Credit cards

-

-

2,905

(2)

-

-

-

2,905

0.90%

Other consumer loans

-

-

-

352

216

29

(1)

597

0.40%

 Total modifications

$

305

$

3,273

$

2,984

$

131,549

$

5,064

$

3,228

$

146,403

Year Ended December 31, 2023

Payment Delay

Only

Trial

Modification

Change in

Amortization

Term

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 court mandated reduction to 0% interest rate for remaining loan term to borrowers in bankruptcy proceedings unless dismissal occurs.

(2)

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

The following tables present by portfolio classes the financial effects of the modifications granted to borrowers experiencing

financial difficulty, other than those associated to payment delay, during the years ended December 31, 2024 and 2023. The financial

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

Year Ended December 31, 2024

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)

Change in

Amortization Term

(In thousands)

Conventional residential mortgage loans

-

%

103

1.80

%

106

-

Construction loans

-

%

83

-

%

-

-

Commercial mortgage loans

-

%

36

0.50

%

88

-

C&I loans

15.25

%

18

3.00

%

9

38

Consumer loans:

Auto loans

-

%

27

2.74

%

27

-

Personal loans

-

%

25

4.01

%

16

-

Credit cards

16.77

%

-

-

%

-

-

Other consumer loans

-

%

26

3.00

%

20

-

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)

Change in

Amortization Term

(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 tables present by portfolio classes the performance of loans modified during the years ended December 31, 2024

and 2023 that were granted to borrowers experiencing financial difficulty:

Year Ended December 31, 2024

30-59

60-89

90+

Total

Delinquency

Current

Total

(In thousands)

Conventional residential mortgage loans

$

-

$

-

$

-

$

-

$

960

$

960

Construction loans

-

-

-

-

120

120

Commercial mortgage loans

-

-

-

-

127,535

127,535

C&I loans

-

-

22

22

10,213

10,235

Consumer loans:

Auto loans

15

-

10

25

3,836

3,861

Personal loans

-

-

-

-

190

190

Credit cards

382

110

52

544

2,361

2,905

Other consumer loans

32

18

7

57

540

597

 Total modifications

$

429

$

128

$

91

$

648

$

145,755

$

146,403

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

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 year ended December 31, 2022. 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” included in the Annual Report on Form 10-K for the year ended December 31, 2022, as

amended on October 13, 2023, for additional discussion of TDRs. The following tables present TDR loans completed during the year

ended December 31, 2022:

Year Ended December 21, 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, 2022

Number of contracts

Pre-modification Amortized Cost

Post-modification Amortized Cost

(Dollars in thousands)

TDRs:

Conventional residential mortgage loans

68

$

7,165

$

7,100

Construction loans

-

-

-

Commercial mortgage loans

3

5,897

5,890

C&I loans

17

5,156

4,928

Consumer loans:

 Auto loans

168

3,404

3,454

 Finance leases

33

592

591

 Personal loans

26

366

394

 Credit Cards

170

815

816

 Other consumer loans

115

434

443

 Total TDRs

600

$

23,829

$

23,616

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 year ended December 31, 2022, and had become TDR loans during the 12-months

preceding the default date, were as follows:

Year Ended December 31, 2022

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

Finance leases

1

16

Personal loans

-

-

Credit cards

28

156

Other consumer loans

8

30

Total

135

$

2,375