v3.26.1
SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2026
SEGMENT INFORMATION [Abstract]  
Information by Segment [Table Text Block]
The following tables present information about the reportable segments for
the indicated periods:
Mortgage
Banking
Consumer
(Retail) Banking
Commercial and
Corporate
Banking
Treasury and
Investments
United States
Operations
Virgin Islands
Operations
Total
(In thousands)
Quarter ended March 31, 2026:
Interest income
$
33,286
$
102,130
$
61,546
$
35,948
$
38,580
$
8,359
$
279,849
Net (charge) credit for transfer of funds
(15,484)
79,089
(13,039)
(58,678)
(1,638)
9,750
-
Interest expense
-
(36,256)
(3,852)
(2,371)
(15,045)
(1,369)
(58,893)
Net interest income (loss)
17,802
144,963
44,655
(25,101)
21,897
16,740
220,956
Provision for credit losses - (benefit) expense
(329)
18,582
(3,306)
88
1,392
846
17,273
Non-interest income
4,408
27,540
2,303
35
907
2,492
37,685
Non-interest expenses:
Employees’ compensation and benefits
7,022
39,827
5,172
1,258
7,418
4,602
65,299
Occupancy and equipment
1,378
15,198
1,351
179
1,857
2,100
22,063
Business promotion
241
2,527
209
173
298
107
3,555
Professional fees
1,629
7,736
992
376
1,026
1,153
12,912
Taxes, other than income taxes
492
4,648
660
121
91
172
6,184
FDIC deposit insurance
376
675
629
-
244
134
2,058
Net (gain) loss on OREO operations
(1,016)
-
(11)
-
-
90
(937)
Credit and debit card processing expenses
-
6,451
191
-
2
683
7,327
Other non-interest expenses
(1)
817
5,565
390
229
714
929
8,644
Total non-interest expenses
10,939
82,627
9,583
2,336
11,650
9,970
127,105
Segment income (loss)
$
11,600
$
71,294
$
40,681
$
(27,490)
$
9,762
$
8,416
$
114,263
Average interest-earning assets
$
2,202,958
$
3,975,633
$
3,755,974
$
5,274,088
$
2,578,130
$
478,759
$
18,265,542
Mortgage
Banking
Consumer
(Retail) Banking
Commercial and
Corporate
Banking
Treasury and
Investments
United States
Operations
Virgin Islands
Operations
Total
(In thousands)
Quarter ended March 31, 2025:
Interest income
$
32,064
$
105,753
$
61,872
$
32,638
$
37,400
$
7,338
$
277,065
Net (charge) credit for transfer of funds
(14,478)
75,097
(15,280)
(54,717)
(1,039)
10,417
-
Interest expense
-
(37,835)
(3,783)
(5,580)
(15,572)
(1,898)
(64,668)
Net interest income (loss)
17,586
143,015
42,809
(27,659)
20,789
15,857
212,397
Provision for credit losses - expense (benefit)
676
20,020
2,654
(5)
849
616
24,810
Non-interest income
3,582
26,193
2,257
151
854
2,697
35,734
Non-interest expenses:
Employees’ compensation and benefits
6,972
36,619
5,764
1,140
6,999
4,643
62,137
Occupancy and equipment
1,517
15,129
1,604
173
1,878
2,329
22,630
Business promotion
203
2,320
218
170
273
94
3,278
Professional fees
1,540
6,244
1,042
348
948
1,364
11,486
Taxes, other than income taxes
471
4,394
605
120
117
171
5,878
FDIC deposit insurance
415
778
668
-
237
138
2,236
Net (gain) loss on OREO operations
(1,096)
-
36
-
-
(69)
(1,129)
Credit and debit card processing expenses
-
4,002
260
-
2
846
5,110
Other non-interest expenses
(1)
972
6,733
1,412
648
711
920
11,396
Total non-interest expenses
10,994
76,219
11,609
2,599
11,165
10,436
123,022
Segment income (loss)
$
9,498
$
72,969
$
30,803
$
(30,102)
$
9,629
$
7,502
$
100,299
Average interest-earning assets
$
2,156,558
$
4,056,039
$
3,550,790
$
5,730,140
$
2,391,708
$
426,092
$
18,311,327
(1) Consists of communication expenses and the expense categories described in Note 16 - “Other Non-Interest Expenses,” to the audited consolidated financial statements included in the 2025 Annual Report on Form 10-K.
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,
2026
2025
(In thousands)
Average assets:
Total average interest-earning assets for segments
$
18,265,542
$
18,311,327
Average non-interest-earning assets
(1)
803,696
795,775
Total consolidated average assets
$
19,069,238
$
19,107,102
(1)
Includes,
among
other
things,
non-interest-earning
cash,
premises
and
equipment,
net
deferred
tax
asset,
right-of-use
("ROU")
assets,
and
accrued
interest
receivable
on
loans
and
investments.