Transfers of financial assets and mortgage servicing assets (Tables)

9 Months Ended

Sep. 30, 2021

Transfers and Servicing of Financial Assets

Schedule Of Securitizations Of Financial Assets Accounted For As Sale [Text Block]

		Proceeds Obtained During the Quarter Ended September 30, 2021
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account debt securities:
Mortgage-backed securities - GNMA	$	-	$	84,896	$	-	$	84,896
Mortgage-backed securities - FNMA		-		76,118		-		76,118
Mortgage-backed securities - FHLMC		-		4,268		-		4,268
Total trading account debt securities	$	-	$	165,282	$	-	$	165,282
Mortgage servicing rights	$	-	$	-	$	2,597	$	2,597
Total	$	-	$	165,282	$	2,597	$	167,879

		Proceeds Obtained During the Nine Months Ended September 30, 2021
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account debt securities:
Mortgage-backed securities - GNMA	$	-	$	293,613	$	-	$	293,613
Mortgage-backed securities - FNMA		-		234,953		-		234,953
Mortgage-backed securities - FHLMC		-		17,769		-		17,769
Total trading account debt securities	$	-	$	546,335	$	-	$	546,335
Mortgage servicing rights	$	-	$	-	$	8,286	$	8,286
Total	$	-	$	546,335	$	8,286	$	554,621

		Proceeds Obtained During the Quarter Ended September 30, 2020
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account debt securities:
Mortgage-backed securities - GNMA	$	-	$	99,576	$	-	$	99,576
Mortgage-backed securities - FNMA		-		54,390		-		54,390
Total trading account debt securities	$	-	$	153,966	$	-	$	153,966
Mortgage servicing rights	$	-	$	-	$	1,737	$	1,737
Total	$	-	$	153,966	$	1,737	$	155,703

		Proceeds Obtained During the Nine Months Ended September 30, 2020
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account debt securities:
Mortgage-backed securities - GNMA	$	-	$	213,608	$	-	$	213,608
Mortgage-backed securities - FNMA		-		93,904		-		93,904
Total trading account debt securities	$	-	$	307,512	$	-	$	307,512
Mortgage servicing rights	$	-	$	-	$	4,324	$	4,324
Total	$	-	$	307,512	$	4,324	$	311,836

Schedule Of Servicing Assets At Fair Value Text Block

Residential MSRs
(In thousands)	September 30, 2021		September 30, 2020
Fair value at beginning of period	$	118,395	$	150,906
Additions		9,888		6,006
Changes due to payments on loans [1]		(11,873)		(8,427)
Reduction due to loan repurchases		(1,047)		(9,679)
Changes in fair value due to changes in valuation model inputs or assumptions		1,214		(15,278)
Other		(10)		24
Fair value at end of period [2]	$	116,567	$	123,552
[1] Represents changes due to collection / realization of expected cash flows over time.
[2] At September 30, 2021, PB had MSRs amounting to $1.4 million (September 30, 2020 - $0.5 million).

Schedule Of Assumptions For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Servicing Liabilities Text Block

	Quarters ended								Nine months ended
	September 30, 2021				September 30, 2020				September 30, 2021				September 30, 2020
	BPPR		PB		BPPR		PB		BPPR		PB		BPPR		PB
Prepayment speed	5.8	%	13.7	%	9.5	%	21.8	%	6.9	%	20.5	%	7.1	%	22.1	%
Weighted average life (in years)	8.8		5.9		7.3		3.6		8.3		15.4		8.9		3.5
Discount rate (annual rate)	10.5	%	10.0	%	10.9	%	10.8	%	10.5	%	10.9	%	10.8	%	10.4	%

Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets

		Originated MSRs						Purchased MSRs
		September 30,			December 31,			September 30,			December 31,
(In thousands)		2021			2020			2021			2020
Fair value of servicing rights		$	39,474		$	44,129		$	77,093		$	74,266
Weighted average life (in years)			6.1			6.2			6.1			5.9
Weighted average prepayment speed (annual rate)			6.2	%		6.6	%		6.2	%		7.1	%
	Impact on fair value of 10% adverse change	$	(878)		$	(1,115)		$	(1,979)		$	(2,206)
	Impact on fair value of 20% adverse change	$	(1,730)		$	(2,194)		$	(3,881)		$	(4,312)
Weighted average discount rate (annual rate)			11.3	%		11.3	%		11.0	%		11.1	%
	Impact on fair value of 10% adverse change	$	(1,411)		$	(1,640)		$	(2,926)		$	(2,740)
	Impact on fair value of 20% adverse change	$	(2,734)		$	(3,175)		$	(5,654)		$	(5,301)