REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

12 Months Ended

Dec. 31, 2024

REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract]

Disaggregation of Revenue [Table Text Block]

Year Ended December 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)

$

72,455

$

550,820

$

157,672

$

(112,151)

$

77,988

$

60,695

$

807,479

Service charges and fees on deposit accounts

-

30,608

4,538

-

613

3,060

38,819

Insurance commission income

-

12,781

-

-

178

611

13,570

Card and processing income

-

40,223

899

-

115

5,521

46,758

Other service charges and fees

189

7,238

751

-

2,649

611

11,438

Not in scope of ASC Topic 606

 (1)

13,318

5,389

808

455

34

133

20,137

 Total non-interest income

13,507

96,239

6,996

455

3,589

9,936

130,722

Total Revenue (Loss)

$

85,962

$

647,059

$

164,668

$

(111,696)

$

81,577

$

70,631

$

938,201

Year Ended December 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)

$

75,774

$

484,306

$

142,313

$

(31,944)

$

70,798

$

55,863

$

797,110

Service charges and fees on deposit accounts

-

29,946

4,553

-

648

2,895

38,042

Insurance commission income

-

11,906

-

-

202

655

12,763

Card and processing income

-

37,853

1,647

-

99

4,310

43,909

Other service charges and fees

289

8,049

849

-

2,485

893

12,565

Not in scope of ASC Topic 606

 (1)

10,924

4,854

4,004

2,125

3,405

103

25,415

 Total non-interest income

11,213

92,608

11,053

2,125

6,839

8,856

132,694

Total Revenue (Loss)

$

86,987

$

576,914

$

153,366

$

(29,819)

$

77,637

$

64,719

$

929,804

Year Ended December 31, 2022

Mortgage

Banking

Consumer

(Retail)

Banking

Commercial

and Corporate

Treasury and

Investments

United States

Operations

Virgin Islands

Operations

Total

(In thousands)

Net interest income (loss) (1)

$

78,098

$

463,203

$

143,776

$

(13,964)

$

74,168

$

50,012

$

795,293

Service charges and fees on deposit accounts

-

29,702

4,616

-

607

2,898

37,823

Insurance commission income

-

12,733

-

-

15

995

13,743

Card and processing income

-

35,042

1,501

-

67

3,806

40,416

Other service charges and fees

341

7,021

874

-

2,113

684

11,033

Not in scope of ASC Topic 606 (1)

15,357

4,359

283

(161)

204

35

20,077

 Total non-interest income (loss)

15,698

88,857

7,274

(161)

3,006

8,418

123,092

Total Revenue (Loss)

$

93,796

$

552,060

$

151,050

$

(14,125)

$

77,174

$

58,430

$

918,385

(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.