Schedule Of Segment Reporting Information By Segment [Text Block] |
The following table presents information about the reportable segments for the quarters ended March 31, 2022 and 2021: | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Mortgage Banking | | Consumer (Retail) Banking | | Commercial and Corporate Banking | | Treasury and Investments | | United States Operations | | Virgin Islands Operations | | Total | For the quarter ended March 31, 2022: | | | | | | | | | | | | | | | | | | | | | Interest income | $ | 33,071 | | $ | 70,437 | | $ | 47,027 | | $ | 22,184 | | $ | 18,857 | | $ | 6,278 | | $ | 197,854 | Net (charge) credit for transfer of funds | | (7,292) | | | 24,282 | | | (6,612) | | | (9,949) | | | (429) | | | - | | | - | Interest expense | | - | | | (5,173) | | | - | | | (4,826) | | | (1,946) | | | (285) | | | (12,230) | Net interest income | | 25,779 | | | 89,546 | | | 40,415 | | | 7,409 | | | 16,482 | | | 5,993 | | | 185,624 | Provision for credit losses - (benefit) expense | | (3,703) | | | 11,144 | | | (16,622) | | | (388) | | | (3,547) | | | (686) | | | (13,802) | Non-interest income | | 5,252 | | | 20,463 | | | 4,554 | | | (112) | | | 744 | | | 1,957 | | | 32,858 | Direct non-interest expenses | | 6,906 | | | 39,271 | | | 8,859 | | | 885 | | | 8,479 | | | 6,973 | | | 71,373 | Segment income | $ | 27,828 | | $ | 59,594 | | $ | 52,732 | | $ | 6,800 | | $ | 12,294 | | $ | 1,663 | | $ | 160,911 | | | | | | | | | | | | | | | | | | | | | | Average earning assets | $ | 2,293,648 | | $ | 2,759,482 | | $ | 3,664,104 | | $ | 8,145,949 | | $ | 2,065,638 | | $ | 378,169 | | $ | 19,306,990 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Mortgage Banking | | Consumer (Retail) Banking | | Commercial and Corporate Banking | | Treasury and Investments | | United States Operations | | Virgin Islands Operations | | Total | For the quarter ended March 31, 2021: | | | | | | | | | | | | | | | | | | | | | Interest income | $ | 37,060 | | $ | 65,733 | | $ | 51,458 | | $ | 12,762 | | $ | 20,332 | | $ | 7,297 | | $ | 194,642 | Net (charge) credit for transfer of funds | | (11,820) | | | 1,055 | | | (2,477) | | | 14,934 | | | (1,692) | | | - | | | - | Interest expense | | - | | | (8,305) | | | - | | | (6,113) | | | (3,617) | | | (342) | | | (18,377) | Net interest income | | 25,240 | | | 58,483 | | | 48,981 | | | 21,583 | | | 15,023 | | | 6,955 | | | 176,265 | Provision for credit losses expense | | (786) | | | 3,962 | | | (17,179) | | | (127) | | | (237) | | | (885) | | | (15,252) | Non-interest income | | 7,116 | | | 17,243 | | | 3,897 | | | 56 | | | 975 | | | 1,669 | | | 30,956 | Direct non-interest expenses | | 7,997 | | | 41,091 | | | 11,538 | | | 1,234 | | | 8,294 | | | 7,405 | | | 77,559 | Segment (loss) income | $ | 25,145 | | $ | 30,673 | | $ | 58,519 | | $ | 20,532 | | $ | 7,941 | | $ | 2,104 | | $ | 144,914 | | | | | | | | | | | | | | | | | | | | | | Average earning assets | $ | 2,658,887 | | $ | 2,442,174 | | $ | 4,029,377 | | $ | 6,259,344 | | $ | 2,078,660 | | $ | 449,532 | | $ | 17,917,974 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Reconciliation of the Reportable Segment Financial Information [Table Text Block] |
The following table presents a reconciliation of the reportable segment financial information to the consolidated totals for the indicated periods: | | | | | Quarter Ended | | | | | | | | | March 31, | | | | | | | (In thousands) | 2022 | | 2021 | | | | | | | | | | | | | | | | | | | Net income: | | | | | | | | | | | | | | | | | | | | | | | | | Total income for segments | $ | 160,911 | | $ | 144,914 | | | | | | | Other operating expenses (1) | | 35,286 | | | 55,742 | | | | | | | Income before income taxes | | 125,625 | | | 89,172 | | | | | | | Income tax expense | | 43,025 | | | 28,022 | | | | | | | Total consolidated net income | $ | 82,600 | | $ | 61,150 | | | | | | | | | | | | | | | | | | | | Average assets: | | | | | | | | | | | | | | | | | | | | | | | | | Total average earning assets for segments | $ | 19,306,990 | | $ | 17,917,974 | | | | | | | Average non-earning assets | | 947,011 | | | 1,168,336 | | | | | | | Total consolidated average assets | $ | 20,254,001 | | $ | 19,086,310 | | | | | | | | | | | | | | | | | | | | (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 | | | | | | | | | | | | | | | | | | | |
|