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SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Information about the Reportable Segments
The following table presents information about the reportable segments:
(In thousands)Mortgage BankingConsumer (Retail) BankingCommercial and CorporateTreasury and InvestmentsUnited States OperationsVirgin Islands OperationsTotal
For the quarter ended September 30, 2018:
Interest income$31,746$46,052$34,644$15,911$21,227$7,912$157,492
Net (charge) credit for transfer of funds(12,153)20,947(14,933)6,446(307)--
Interest expense-(7,164)-(11,075)(5,840)(892)(24,971)
Net interest income 19,59359,83519,71111,28215,0807,020132,521
(Provision) release for loan and lease losses6352,485(10,684)-(5,130)1,170(11,524)
Non-interest income (loss)4,55212,323(685)1516241,55818,523
Direct non-interest expenses(12,001)(28,210)(7,911)(878)(8,279)(7,194)(64,473)
Segment income$12,779$46,433$431$10,555$2,295$2,554$75,047
Average earnings assets$2,248,691$1,645,170$2,486,910$2,637,825$1,752,007$527,468$11,298,071
(In thousands)Mortgage BankingConsumer (Retail) BankingCommercial and CorporateTreasury and InvestmentsUnited States OperationsVirgin Islands OperationsTotal
For the quarter ended September 30, 2017:
Interest income$32,317$43,769$31,083$13,374$18,446$9,006$147,995
Net (charge) credit for transfer of funds(11,268)9,351(8,748)11,198(533)--
Interest expense-(6,520)-(12,924)(4,932)(787)(25,163)
Net interest income 21,04946,60022,33511,64812,9818,219122,832
Provision for loan and lease losses(20,495)(33,067)(13,621)-(789)(7,041)(75,013)
Non-interest income 2,90811,2421,0141,4596971,32518,645
Direct non-interest expenses(8,174)(27,193)(8,102)(1,014)(7,605)(7,254)(59,342)
Segment (loss) income $(4,712)$(2,418)$1,626$12,093$5,284$(4,751)$7,122
Average earnings assets$2,434,963$1,758,653$2,477,266$2,228,990$1,581,726$602,366$11,083,964

(In thousands)Mortgage BankingConsumer (Retail) BankingCommercial and CorporateTreasury and InvestmentsUnited States OperationsVirgin Islands OperationsTotal
Nine-Month Period Ended September 30, 2018
Interest income$95,927$132,652$102,255$45,593$61,634$24,482$462,543
Net (charge) credit for transfer of funds(35,027)54,233(43,181)25,125(1,150)--
Interest expense-(20,863)-(34,475)(16,959)(2,561)(74,858)
Net interest income 60,900166,02259,07436,24343,52521,921387,685
Provision for loan and lease losses(4,004)(16,011)(19,744)-(8,186)(3,659)(51,604)
Non-interest income13,30235,5042,7852,6002,4925,09661,779
Direct non-interest expenses(30,192)(84,173)(22,710)(2,777)(24,768)(22,224)(186,844)
Segment income$40,006$101,342$19,405$36,066$13,063$1,134$211,016
Average earnings assets$2,269,960$1,601,812$2,546,090$2,597,967$1,734,970$546,610$11,297,409
(In thousands)Mortgage BankingConsumer (Retail) BankingCommercial and CorporateTreasury and InvestmentsUnited States OperationsVirgin Islands OperationsTotal
Nine-Month Period Ended September 30, 2017
Interest income$99,361$130,055$90,858$41,788$50,910$27,625$440,597
Net (charge) credit for transfer of funds(34,466)20,799(27,071)41,858(1,120)--
Interest expense-(18,603)-(36,842)(13,499)(2,368)(71,312)
Net interest income 64,895132,25163,78746,80436,29125,257369,285
Provision for loan and lease losses(40,598)(47,976)(20,906)-(885)(8,186)(118,551)
Non-interest income11,25837,2242,972(10,273)1,7764,48047,437
Direct non-interest expenses(27,675)(82,677)(27,240)(3,190)(23,579)(20,922)(185,283)
Segment income$7,880$38,822$18,613$33,341$13,603$629$112,888
Average earnings assets$2,469,037$1,771,376$2,500,180$2,176,164$1,492,727$609,765$11,019,249
Reconciliation of the Reportable Segment Financial Information
The following table presents a reconciliation of the reportable segment financial information to the consolidated totals:
Quarter EndedNine-Month Period Ended
September 30, September 30,
2018201720182017
Net income :
Total income for segments and other $75,047$7,122$211,016$112,888
Other operating expenses (1)(26,392)(26,272)(80,264)(77,282)
Income (loss) before income taxes48,655(19,150) 130,75235,606
Income tax (expense) benefit(12,332)8,398(30,249)7,181
Total consolidated net income (loss)$36,323$(10,752)$100,503$42,787
Average assets:
Total average earning assets for segments $11,298,071$11,083,964$11,297,409$11,019,249
Average non-earning assets 929,362900,334945,671896,071
Total consolidated average assets$12,227,433$11,984,298$12,243,080$11,915,320
(1)Expenses pertaining to corporate administrative functions that support the operating segment, but are not specifically attributable to or managed by any segment are not included in the reported financial results of the operating segments. The unallocated corporate expenses include certain general and administrative expenses and related depreciation and amortization expenses.