Debt securities held-to-maturity (Tables)

9 Months Ended

Sep. 30, 2019

Investments [Abstract]

Debt Securities, Held-to-maturity

		At September 30, 2019
				Gross		Gross				Weighted
		Amortized		unrealized		unrealized		Fair		average
(In thousands)		cost		gains		losses		value		yield
Obligations of Puerto Rico, States and political subdivisions
	Within 1 year	$	3,745	$	-	$	33	$	3,712	6.02	%
	After 1 to 5 years		17,580		-		269		17,311	6.11
	After 5 to 10 years		18,195		-		1,861		16,334	3.11
	After 10 years		46,078		8,375		2		54,451	1.69
Total obligations of Puerto Rico, States and political subdivisions			85,598		8,375		2,165		91,808	3.09
Collateralized mortgage obligations - federal agencies
	After 1 to 5 years		48		2		-		50	6.44
Total collateralized mortgage obligations - federal agencies			48		2		-		50	6.44
Securities in wholly owned statutory business trusts
	After 10 years		11,561		-		-		11,561	6.51
Total securities in wholly owned statutory business trusts			11,561		-		-		11,561	6.51
Other
	After 1 to 5 years		500		-		1		499	2.97
Total other			500		-		1		499	2.97
Total debt securities held-to-maturity		$	97,707	$	8,377	$	2,166	$	103,918	3.50	%

		At December 31, 2018
				Gross		Gross				Weighted
		Amortized		unrealized		unrealized		Fair		average
(In thousands)		cost		gains		losses		value		yield
Obligations of Puerto Rico, States and political subdivisions
	Within 1 year	$	3,510	$	-	$	36	$	3,474	5.99	%
	After 1 to 5 years		16,505		-		1,081		15,424	6.07
	After 5 to 10 years		23,885		-		1,704		22,181	3.61
	After 10 years		45,559		3,943		47		49,455	1.79
Total obligations of Puerto Rico, States and political subdivisions			89,459		3,943		2,868		90,534	3.23
Collateralized mortgage obligations - federal agencies
	After 5 to 10 years		55		3		-		58	5.45
Total collateralized mortgage obligations - federal agencies			55		3		-		58	5.45
Securities in wholly owned statutory business trusts
	After 10 years		11,561		-		-		11,561	6.51
Total securities in wholly owned statutory business trusts			11,561		-		-		11,561	6.51
Other
	After 1 to 5 years		500		-		-		500	2.97
Total other			500		-		-		500	2.97
Total debt securities held-to-maturity		$	101,575	$	3,946	$	2,868	$	102,653	3.60	%

Debt Securities Held To Maturity Unrealized Loss Position Fair Value

	At September 30, 2019
	Less than 12 months				12 months or more				Total
			Gross				Gross				Gross
	Fair		unrealized		Fair		unrealized		Fair		unrealized
(In thousands)	value		losses		value		losses		value		losses
Obligations of Puerto Rico, States and political subdivisions	$	22,427	$	318	$	9,713	$	1,847	$	32,140	$	2,165
Other		499		1		-		-		499		1
Total debt securities held-to-maturity in an unrealized loss position	$	22,926	$	319	$	9,713	$	1,847	$	32,639	$	2,166

	At December 31, 2018
	Less than 12 months				12 months or more				Total
			Gross				Gross				Gross
	Fair		unrealized		Fair		unrealized		Fair		unrealized
(In thousands)	value		losses		value		losses		value		losses
Obligations of Puerto Rico, States and political subdivisions	$	27,471	$	1,165	$	13,307	$	1,703	$	40,778	$	2,868
Total debt securities held-to-maturity in an unrealized loss position	$	27,471	$	1,165	$	13,307	$	1,703	$	40,778	$	2,868