First BanCorp. (FBP) 10-Q 11 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 31, 2014
Entity Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Trading Symbol	'fbp	'
Entity Registrant Name	'FIRST BANCORP /PR/	'
Entity Central Index Key	'0001057706	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	212,764,795

Consolidated_Statements_of_Fin

Consolidated Statements of Financial Condition (USD $)	Jun. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
ASSETS	'		'
Cash and due from banks	$660,709		$454,302
Money market investments:	'		'
Time deposits with other financial institutions	300		300
Other short-term investments	16,653		201,069
Total money market investments	16,953		201,369
Investment securities available for sale, at fair value:	'		'
Securities pledged that can be repledged	1,038,071		1,042,482
Other investment securities	959,337		935,800
Total investment securities available for sale	1,997,408		1,978,282
Other equity securities	29,141		28,691
Investment in unconsolidated entities	0		7,279
Loans, net of allowance for loan and lease losses of $301,047 (2012 - $435,414)	9,225,924		9,350,312
Loans held for sale, at lower of cost or market	72,105		75,969
Total loans, net	9,298,029		9,426,281
Premises and equipment, net	170,056		166,946
Other real estate owned	121,842		160,193
Accrued interest receivable on loans and investments	52,092		54,012
Other assets	177,021		179,570
Total assets	12,523,251		12,656,925
LIABILITIES	'		'
Non-interest-bearing deposits	851,038		851,212
Interest-bearing deposits	8,779,750		9,028,712
Total deposits	9,630,788		9,879,924
Securities sold under agreements to repurchase	900,000	[1]	900,000
Advances from the Federal Home Loan Bank (FHLB)	320,000		300,000
Other borrowings	231,959		231,959
Accounts payable and other liabilities	134,503		129,184
Total liabilities	11,217,250		11,441,067
Preferred stock, authorized 50,000,000 shares:	'		'
Non-cumulative Perpetual Monthly Income Preferred Stock: issued - 22,004,000 shares, outstanding 2,521,872 shares, aggregate liquidation value of $63,047	36,104		63,047
Common stock, $0.10 par value, authorized, 2,000,000,000 shares; issued, 207,514,167 shares (2012 - 206,730,318 shares issued)	21,340		20,764
Less: Treasury stock (at par value)	-64		-57
Common stock outstanding, 206,982,105 shares outstanding (2012 - 206,235,465 shares	21,276		20,707
Additional paid-in capital	914,382		888,161
Retained earnings	362,646		322,679
Accumulated other comprehensive (loss) income, net of tax expense of $8,171 (2012 - $7,749)	-28,407		-78,736
Total stockholders' equity	1,306,001		1,215,858
Total liabilities and stockholders' equity	$12,523,251		$12,656,925
[1]	As of June 30, 2014, includes $800 million with an average rate of 2.84% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2014. Subsequent to June 30, 2014, no lender has exercised its call option on repurchase agreements. Also includes $700 million that is currently tied to variable rates.

Consolidated_Statements_of_Fin1

Consolidated Statements of Financial Condition (Parenthetical) (USD $)	3 Months Ended	6 Months Ended		3 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Dec. 31, 2013
				Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Allowance for loan and lease losses	$241,177	$241,177	$285,858	'	'
Preferred stock, shares authorized	50,000,000	50,000,000	50,000,000	'	'
Preferred stock, shares issued	22,004,000	22,004,000	22,004,000	'	'
Preferred stock, shares outstanding	1,444,146	1,444,146	2,521,872	'	'
Preferred stock, liquidation value	36,104	36,104	63,047	'	'
Common stock, par value	$0.10	$0.10	$0.10	'	'
Common stock, shares authorized	2,000,000,000	2,000,000,000	2,000,000,000	'	'
Common stock, shares issued	213,399,037	213,399,037	207,635,157	'	'
Common stock, shares outstanding	212,760,158	212,760,158	207,068,978	'	'
Income tax expense	($276)	$611	'	$7,752	$7,755

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Interest income:	'	'	'	'
Loans	$144,241	$147,986	$289,084	$296,629
Investment securities	13,728	12,185	28,956	23,228
Money market investments	454	499	954	1,038
Total interest income	158,423	160,670	318,994	320,895
Interest expense:	'	'	'	'
Deposits	19,466	23,918	39,765	49,462
Securities sold under agreements to repurchase	6,430	6,470	12,798	12,887
Advances from FHLB	833	1,631	1,657	3,656
Notes payable and other borrowings	1,787	1,763	3,547	3,509
Total interest expense	28,516	33,782	57,767	69,514
Net interest income (loss)	129,907	126,888	261,227	251,381
Provision for loan and lease losses	26,744	87,464	58,659	198,587
Net interest income after provision for loan and lease losses	103,163	39,424	202,568	52,794
Non-interest income:	'	'	'	'
Service charges on deposit accounts	3,290	3,098	6,493	6,478
Mortgage banking activities	3,036	4,823	6,404	9,403
Net (loss) gain on sale of investments (includes $42 accumulated other comprehensive income reclassification for other-than-temporary impairment on equity securities for the quarter and six-month period ended June 30, 2013)	291	-42	291	-42
Other-than-temporary impairment losses on investment securities:	'	'	'	'
Total other-than-temporary impairment losses	0	0	0	0
Portion of loss previously recognized in other comprehensive income	0	0	0	-117
Net impairment losses on investment securities	0	0	0	-117
Equity in losses of unconsolidated entities	-670	648	-7,280	-4,890
Impairement of collateral pledged to Lehman	0	-66,574	0	-66,574
Insurance income	1,467	1,508	4,038	3,528
Other non-interest income	8,517	4,876	17,335	14,180
Total non-interest income	15,931	-51,663	27,281	-38,034
Non-interest expenses:	'	'	'	'
Employees' compensation and benefits	35,023	33,116	67,965	66,670
Occupancy and equipment	14,509	14,946	28,855	30,016
Business promotion	4,142	3,831	8,115	7,188
Professional fees	11,371	13,735	21,411	24,867
Taxes, other than income taxes	4,477	6,239	9,024	9,228
Insurance and supervisory fees	10,784	12,699	21,774	25,505
Net loss on real estate owned (REO) and REO operations	6,778	14,829	12,615	22,139
Credit and debit processing fees	3,882	2,281	7,706	5,358
Communications	1,894	1,885	3,773	3,699
Other non-interest expenses	5,285	7,762	9,692	14,663
Total non-interest expenses	98,145	111,323	190,930	209,333
Income (loss) before income taxes	20,949	-123,562	38,919	-194,573
Income tax expense	276	979	-611	-643
Net income (loss)	21,225	-122,583	38,308	-195,216
Net income (loss) attributable to common stockholders - basic	$22,505	($122,583)	$39,967	($195,216)
Net income (loss) per common share:	'	'	'	'
Basic	$0.11	($0.60)	$0.19	($0.95)
Diluted	$0.11	($0.60)	$0.19	($0.95)
Dividends declared per common share	$0	$0	$0	$0

CONSOLIDATED_STATEMENTS_OF_INC1

CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Parenthetical) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement [Abstract]	'	'	'	'
Net (loss) gain on sale of investments, (includes $42 accumulated other comprehensive income reclassification for other-than-temporary impairment on equity securities for the quarter and six month period ended June 30, 2013)	($291)	$42	($291)	$42

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net income (loss)	$21,225	($122,583)	$38,308	($195,216)
Available-for-sale debt securities on which an other-than-temporary impairment has been recognized:	'	'	'	'
Subsequent unrealized gain on debt securities on which an other-than-temporary impairment has been recognized	274	592	1,187	1,435
Reclassification adjustment for other-than-temporary impairment on debt securities included in net income	0	0	0	117
All other unrealized gains and losses on available-for-sale securities:	'	'	'	'
All other unrealized holding gains arising during the period	27,806	-60,176	49,430	-69,746
Reclassification adjustment for other-than-temporary impairment on equity securities	0	42	0	42
Other Comprehensive Income Loss Reclassification Adjustment From AOCIF or Writedown Of Securities Before Tax	'	'	0	42
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	-291	0	-291	0
Income tax expense related to items of other comprehensive income	1	-422	3	-422
Other comprehensive income (loss) for the period, net of tax	27,790	-59,964	50,329	-68,574
Total comprehensive income (loss)	$49,015	($182,547)	$88,637	($263,790)

CONSOLIDATED_STATEMENT_OF_CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net income (loss)	$38,308	($195,216)
Adjustments to reconcile net loss to net cash provided by operating activities:	'	'
Depreciation	10,574	11,933
Amortization and impairment of intangible assets	2,488	3,039
Provision for loan and lease losses	58,659	198,587
Deferred income tax (benefit) expense	-1,352	-2,154
Stock-based compensation	1,960	1,321
Gain on sales of investments, net	-291	0
Other-than-temporary impairments on debt securities	0	117
Other-than-temporary impairements on equity securities	0	42
Equity in losses of unconsolidated entities	7,280	4,890
Impairement of collateral pledged to Lehman	0	66,574
Derivative instruments and financial liabilities measured at fair value, gain	-173	-1,974
Loss (gain) on sale of premises and equipment and other assets	-32	0
Net gain on sale of loans held for investment	-3,868	-4,870
Net amortization of premiums, discounts and deferred loan fees and costs	-1,564	-2,078
Originations and purchases of loans held for sale	-141,099	-306,579
Sales and repayments of loans held for sale	157,964	263,072
Loans held for sale valuation adjustment	0	6,103
Amortization of broker placement fees	3,501	4,182
Net amortization of premium and discounts on investment securities	869	6,713
(Decrease) increase in accrued income tax payable	5,013	-1,623
(Increase) decrease in accrued interest receivable	1,920	-2,965
Decrease in accrued interest payable	2,449	1,257
Decrease (increase) in other assets	12,480	20,702
Increase (decrease) in other liabilities	-4,940	16,116
Net cash provided by operating activities	150,146	87,189
Cash flows from investing activities:	'	'
Principal collected on loans	1,619,024	1,363,136
Loans originated and purchased	-1,582,527	-1,545,408
Proceeds from sale of loans held for investment	16,558	296,610
Proceeds from sale of repossessed assets	35,344	60,568
Proceeds from sale of available-for-sale securities	4,855	0
Purchases of securities available for sale	-88,493	-541,910
Proceeds from principal repayments and maturities of securities available for sale	114,277	207,810
Additions to premises and equipment	-13,689	-4,999
Proceeds from sale of premises and equipment and other assets	37	0
(Increase) decrease in other equity securities	-450	6,436
Net cash provided by investing activities	104,936	-157,757
Cash flows from financing activities:	'	'
Net decrease in deposits	-252,637	108,917
Net FHLB advances paid	20,000	-150,000
Payments Of Stock Issuance Costs	62	0
Repurchase of outstanding common stock	392	233
Net cash provided (used in) financing activities	-233,091	-41,316
Net increase in cash and cash equivalents	21,991	-111,884
Cash and cash equivalents at beginning of period	655,671	946,851
Cash and cash equivalents at end of period	677,662	834,967
Cash and cash equivalents include:	'	'
Cash and due from banks	660,709	618,593
Money market instruments	16,953	216,374
Cash and Cash Equivalents, at Carrying Value, Total	$677,662	$834,967

CONSOLIDATED_STATEMENT_OF_CHAN

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]
In Thousands
Balance at beginning of period at Dec. 31, 2012	'	$63,047	$20,624	$885,754	$487,166	$28,432
Total stockholders' equity	1,222,328	63,047	20,698	886,775	291,950	-40,142
Common stock issued for compensation	'	'	11	0	'	'
Repurchase of common stock	'	'	-4	-233	'	'
Restricted stock grants	'	'	70	-70	'	'
Restricted stock forefeited	'	'	-3	3	'	'
Stock-based compensation	'	'	'	1,321	'	'
Net income (loss)	-195,216	'	'	'	-195,216	'
Excess of carrying amount of preferred stock exchanged over fair value of new common stock	0	'	'	'	0	'
Other comprehensive income (loss), net of tax	-68,574	'	'	'	'	-68,574
Common stock issued in exchange of preferred stock-Series A through E	'	'	0	0	'	'
Exchange Of Preferred Stock Series For Common Stock	'	0	'	'	'	'
Reversal of Issuance cost of Series A through E of preferred stock exchanged	'	'	'	0	'	'
Issuance Cost Of Common Stock	'	'	'	0	'	'
Balance at end of period at Jun. 30, 2013	1,222,328	63,047	20,698	886,775	291,950	-40,142
Balance at beginning of period at Dec. 31, 2013	1,215,858	63,047	20,707	888,161	322,679	-78,736
Total stockholders' equity	1,306,001	36,104	21,276	914,382	362,646	-28,407
Common stock issued for compensation	'	'	15	-15	'	'
Repurchase of common stock	'	'	-7	-385	'	'
Restricted stock grants	'	'	102	-102	'	'
Restricted stock forefeited	'	'	0	0	'	'
Stock-based compensation	'	'	'	1,960	'	'
Net income (loss)	38,308	'	'	'	38,308	'
Excess of carrying amount of preferred stock exchanged over fair value of new common stock	1,659	'	'	'	1,659	'
Other comprehensive income (loss), net of tax	50,329	'	'	'	'	50,329
Common stock issued in exchange of preferred stock-Series A through E	'	'	459	23,904	'	'
Exchange Of Preferred Stock Series For Common Stock	'	-26,943	'	'	'	'
Reversal of Issuance cost of Series A through E of preferred stock exchanged	'	'	'	921	'	'
Issuance Cost Of Common Stock	'	'	'	-62	'	'
Balance at end of period at Jun. 30, 2014	$1,306,001	$36,104	$21,276	$914,382	$362,646	($28,407)

BASIS_OF_PRESENTATION_AND_SIGN

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2014
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	'
	1 – BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
	The Consolidated Financial Statements (unaudited) of First BanCorp. (“the Corporation”) have been prepared in conformity with the accounting policies stated in the Corporation's Audited Consolidated Financial Statements included in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2013. Certain information and note disclosures normally included in the financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) have been condensed or omitted from these statements pursuant to the rules and regulations of the SEC and, accordingly, these financial statements should be read in conjunction with the Audited Consolidated Financial Statements of the Corporation for the year ended December 31, 2013, which are included in the Corporation's 2013 Annual Report on Form 10-K. All adjustments (consisting only of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the statement of financial position, results of operations and cash flows for the interim periods have been reflected. All significant intercompany accounts and transactions have been eliminated in consolidation.
	The results of operations for the quarter and six-month period ended June 30, 2014 are not necessarily indicative of the results to be expected for the entire year.
	Adoption of new accounting requirements and recently issued but not yet effective accounting requirements
	The Financial Accounting Standards Board (“FASB”) has issued the following accounting pronouncements and guidance relevant to the Corporation's operations:
	In July 2013, the FASB updated the Codification to provide explicit guidelines on how to present an unrecognized tax benefit in financial statements when a net operating loss (“NOL”) carryforward, a similar tax loss, or a tax credit carryforward exists. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments are effective for public entities with fiscal periods beginning after December 15, 2013. The adoption of this guidance in 2014 did not have an effect on the Corporation's financial statements as the Corporation's NOLs and tax credit carryfowards are not available to settle any additional income taxes that would result from the disallowance of the Corporation's unrecognized tax benefits.
	In January 2014, the FASB updated the Codification to clarify when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan so that the loan should be derecognized and the real estate property recognized in the financial statements. The Update clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (i) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure, or (ii) the borrower conveying all interest in the residential real estate property to the creditor to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. In addition, creditors are required to disclose on an annual and interim basis both (i) the amount of the foreclosed residential real estate property held and (ii) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction.
	The amendments are effective for public business entities for annual periods beginning after December 15, 2014, and interim periods within annual periods beginning after December 31, 2015. Early adoption is permitted. The guidance can be implemented using either a modified retrospective transition method or a prospective transition method. The Corporation is currently evaluating the impact of the adoption of this guidance, if any, on its financial statements.
	In April 2014, the FASB issued an update to current accounting standards which will change the criteria for reporting discontinued operations. The amendments will also require new disclosures about discontinued operations and disposals of components of an entity that do not qualify for discontinued operations reporting. The amendments are effective for the Corporation for new disposals (or classifications as held for sale) of components of the Corporation, should they occur, beginning in the first quarter of fiscal year 2016. Early adoption is permitted for disposals (or classifications as held for sale) that have not been previously reported.
	In May 2014, the FASB updated the Codification to create a new, principle-based revenue recognition framework. The Update is the culmination of efforts by the FASB and the International Accounting Standards Board to develop a common revenue standard for U.S. GAAP and International Financial Reporting Standards. The core principal of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance describes a 5-step process entities can apply to achieve the core principle of revenue recognition and requires disclosures sufficient to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers and the significant judgments used in determining that information. The amendments are effective for public business entities for annual periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. The Corporation is currently evaluating the impact that the adoption of this guidance will have on the presentation and disclosures in its financial statements.
	In June 2014, the FASB updated the Codification to respond to stakeholders' concerns about current accounting and disclosures for repurchase agreements and similar transactions. This Update requires two accounting changes. First, the Update changes the accounting for repurchase-to-maturity transactions to secured borrowing accounting. Second, for repurchase financing arrangements, the Update requires separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. Additionally, the Update introduces new disclosures to (i) increase transparency about the types of collateral pledged in secured borrowing transactions and (ii) enable users to better understand transactions in which the transferor retains substantially all of the exposure to the economic return on the transferred financial asset throughout the term of the transaction. For public business entities, the disclosure for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions accounted for as secured borrowings is required to be presented for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. All other accounting and disclosure amendments in the Update are effective for public business entities for the first interim or annual period beginning after December 15, 2014. The Corporation is currently evaluating the impact that the adoption of this guidance will have on the presentation and disclosures in its financial statements, if any.
	In June 2014, the FASB updated the Codification to provide guidance for determining compensation cost under specific circumstances when an employee's compensation award is eligible to vest regardless of whether the employee is rendering service on the date the performance target is achieved. This Update becomes effective for annual and interim periods beginning after December 15, 2015 with early adoption permitted. The Company is currently evaluating the effects of this guidance on its financial statements and disclosures, if any. The Update is effective for all business entities for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted. The Corporation is currently evaluating the impact that the adoption of this guidance will have on the presentation and disclosures in its financial statements, if any.

EARNINGS_PER_COMMON_SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
	Jun. 30, 2014
EARNINGS PER COMMON SHARE	'
	NOTE 2 – EARNINGS PER COMMON SHARE
	The calculations of earnings (losses) per common share for the quarters and six month periods ended June 30, 2014 and 2013 are as follows:
		Quarter Ended				Six-Month Period Ended
		June 30,		June 30,		June 30,		June 30,
		2014		2013		2014		2013
			(In thousands, except per share information)
	Net income (loss)	$	21,225	$	-122,583	$	38,308	$	-195,216
	Favorable impact from issuing common stock in exchange
	for Series A through E preferred stock		1,280		-		1,659		-
	Net income (loss) attributable to common stockholders	$	22,505	$	-122,583	$	39,967	$	-195,216
	Weighted-Average Shares:
	Basic weighted-average common shares outstanding		208,202		205,490		206,974		205,477
	Average potential common shares		1,942		-		1,543		-
	Diluted weighted-average number of common shares
	outstanding		210,144		205,490		208,517		205,477
	Earnings (loss) per common share:
	Basic	$	0.11	$	-0.6	$	0.19	$	-0.95
	Diluted	$	0.11	$	-0.6	$	0.19	$	-0.95
	Earnings (loss) per common share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares issued and outstanding. Net income (loss) attributable to common stockholders represents net income (loss) adjusted for any preferred stock dividends, including any dividends declared, and any cumulative dividends related to the current dividend period that have not been declared as of the end of the period. For the second quarter and first half of 2014, net income attributable to common stockholders also includes the one-time effect of the issuance of common stock in exchange for Series A through E preferred stock. This transaction is discussed in Note 17 to the unaudited consolidated financial statements. Basic weighted average common shares outstanding excludes unvested shares of restricted stock.
	Potential common shares consist of common stock issuable under the assumed exercise of stock options, unvested shares of restricted stock, and outstanding warrants using the treasury stock method. This method assumes that the potential common shares are issued and the proceeds from the exercise, in addition to the amount of compensation cost attributable to future services, are used to purchase common stock at the exercise date. The difference between the number of potential shares issued and the shares purchased is added as incremental shares to the actual number of shares outstanding to compute diluted earnings per share. Stock options, unvested shares of restricted stock, and outstanding warrants that result in lower potential shares issued than shares purchased under the treasury stock method are not included in the computation of dilutive earnings per share since their inclusion would have an antidilutive effect on earnings per share. Stock options not included in the computation of outstanding shares because they were antidilutive amounted to 82,575 and 104,499 for the quarters and six-month periods ended June 30, 2014 and 2013, respectively. Warrants outstanding to purchase 1,285,899 shares of common stock and 1,442,427 unvested shares of restricted stock were excluded from the computation of diluted earnings per share for the quarter and six-month period ended June 30, 2013 because the Corporation reported a net loss attributable to common stockholders for the periods and their inclusion would have an antidilutive effect.

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended							6 Months Ended
	Jun. 30, 2014							Jun. 30, 2014
STOCK-BASED COMPENSATION	'							'
	NOTE 3 – STOCK-BASED COMPENSATION							For the quarter and six-month period ended June 30, 2014, the Corporation recognized $0.8 million and $1.2 million, respectively, of stock-based compensation expense related to restricted stock awards, compared to $0.4 million and $0.6 million for the same periods in 2013. As of June 30, 2014, there was $4.4 million of total unrecognized compensation cost related to nonvested shares of restricted stock. The weighted average period over which the Corporation expects to recognize such cost is 1.7 years.
	Between 1997 and January 2007, the Corporation had the 1997 stock option plan that authorized the granting of up to 579,740 options on shares of the Corporation's common stock to eligible employees. The options granted under the plan could not exceed 20% of the number of common shares outstanding.							During the second quarter of 2013, the Corporation issued 701,405 shares of restricted stock that will vest based on the employees' continued service with the Corporation. Fifty percent (50%) of those shares vest in two years from the grant date and the remaining 50% vest in three years from the grant date. Included in those 701,405 shares of restricted stock are 582,905 shares granted to certain senior officers consistent with the requirements of TARP. The employees covered by TARP are restricted from transferring the shares, subject to certain conditions as explained above.
	On January 21, 2007, the 1997 stock option plan expired; all outstanding awards granted under this plan continue in full force and effect, subject to their original terms. No awards for shares could be granted under the 1997 stock option plan as of its expiration.							The fair value of the shares of restricted stock granted in the second quarter of 2013 was based on the market price of the Corporation's outstanding common stock on the date of the grant of $6.03. For the 582,905 shares of restricted stock granted under the TARP requirements, the market price was discounted due to postvesting restrictions. For purposes of computing the discount, the Corporation assumed appreciation of 13% in the value of the common stock and a holding period by the Treasury of its outstanding common stock of the Corporation of two years, resulting in a fair value of $3.02 for restricted shares granted under the TARP requirements.
	The activity of stock options granted under the 1997 stock option plan for the six-month period ended June 30, 2014 is set forth below:
								Stock-based compensation accounting guidance requires the Corporation to develop an estimate of the number of share-based awards that will be forfeited due to employee or director turnover. Quarterly changes in the estimated forfeiture rate may have a significant effect on share-based compensation, as the effect of adjusting the rate for all expense amortization is recognized in the period in which the forfeiture estimate is changed. If the actual forfeiture rate is higher than the estimated forfeiture rate, then an adjustment is made to increase the estimated forfeiture rate, which will result in a decrease in the expense recognized in the financial statements. If the actual forfeiture rate is lower than the estimated forfeiture rate, an adjustment is made to decrease the estimated forfeiture rate, which will result in an increase in the expense recognized in the financial statements. When unvested options or shares of restricted stock are forfeited, any compensation expense previously recognized on the forfeited awards is reversed in the period of the forfeiture. Approximately $5 thousand of compensation expense was reversed during the first six months of 2014 related to forfeited awards.
					Weighted-Average
					Remaining		Aggregate	Also, under the Omnibus Plan, effective April 1, 2013, the Corporation's Board of Directors determined to increase the salary amounts paid to certain executive officers primarily by paying the increased salary amounts in the form of shares of the Corporation's common stock, instead of cash. During the first six months of 2014, the Corporation issued 147,781 shares of common stock with a weighted average market value of $5.24 as salary stock compensation. This resulted in a compensation expense of $0.8 million recorded in the first six-months of 2014. For the first half of 2014, the Corporation withheld 49,145 shares from the common stock paid to certain senior officers as additional compensation and 23,555 shares of restricted stock that vested during the first quarter of 2014, to cover employees' payroll and income tax withholding liabilities; these shares are held as treasury shares. The Corporation paid any fractional share of salary stock that the officer was entitled to in cash. In the consolidated financial statements, the Corporation treats shares withheld for tax purposes as common stock repurchases.
		Number of		Weighted-Average	Contractual Term		Intrinsic Value
		Options	Exercise Price		(Years)	(In thousands)
	Beginning of period outstanding and
	exercisable	101,435	$	206.95
	Options expired	-12,795		321.75
	Options cancelled	-6,065		226.15
	End of period outstanding and exercisable	82,575	$	187.75	1.9	$	-
	On April 29, 2008, the Corporation's stockholders approved the First BanCorp. 2008 Omnibus Incentive Plan, as amended (the “Omnibus Plan”). The Omnibus Plan provides for equity-based compensation incentives (the “awards”) through the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, and other stock-based awards. The Omnibus Plan authorizes the issuance of up to 8,169,807 shares of common stock, subject to adjustments for stock splits, reorganizations and other similar events. The Corporation's Board of Directors, upon receiving the relevant recommendation of the Compensation Committee, has the power and authority to determine those eligible to receive awards and to establish the terms and conditions of any awards, subject to various limits and vesting restrictions that apply to individual and aggregate awards.
	Under the Omnibus Plan, during the second quarter of 2014, 210,840 shares of restricted stock were awarded to the Corporation's independent directors subject to a one-year vesting period. In addition, during the first quarter of 2014, the Corporation issued 810,138 shares of restricted stock that will vest based on the employees' continued service with the Corporation. Fifty percent (50%) of those shares vest in two years from the grant date and the remaining 50% vests in three years from the grant date. Included in those 810,138 shares of restricted stock are 653,138 shares granted to certain senior officers consistent with the requirements of the Troubled Asset Relief Program (“TARP”) Interim Final Rule, which permit TARP recipients to grant “long-term restricted stock” without violating the prohibition on paying or accruing a bonus payment if it satisfies the following requirements: (i) the value of the grant may not exceed one-third of the amount of the employee's annual compensation, (ii) no portion of the grant may vest before two years after the grant date, and (iii) the grant must be subject to a further restriction on transfer or payment as described below. Specifically, the stock that has otherwise vested may not become transferable at any time earlier than as permitted under the schedule set forth by TARP, which is based on the repayment in 25% increments of the aggregate financial assistance received from the U.S. Department of Treasury (the “Treasury”). Hence, notwithstanding the vesting period mentioned above, the employees covered by TARP are restricted from transferring the shares.
	The fair value of the shares of restricted stock granted in 2014 was based on the market price of the Corporation's outstanding common stock on the date of the grant. For the 653,138 shares of restricted stock granted under the TARP requirements, the market price was discounted due to postvesting restrictions. For purposes of computing the discount, the Corporation estimated an appreciation of 16% in the value of the common stock using the Capital Asset Pricing Model as a basis of what would be a market participant's expected return on the Corporation's stock and assumed that the Treasury would hold its outstanding common stock of the Corporation for two years, resulting in a fair value of $2.63 for restricted shares granted under the TARP requirements. Also, the Corporation uses empirical data to estimate employee termination; separate groups of employees that have similar historical exercise behavior were considered separately for valuation purposes.
	The following table summarizes the restricted stock activity in 2014 under the Omnibus Plan for both executive officers covered by the TARP requirements and other employees as well as for independent directors:
		Six-Month Period Ended
		30-Jun-14
		Number of shares		Weighted-Average
		of restricted		Grant Date
		stock		Fair Value
	Non-vested shares at beginning of year	1,411,185	$	3.04
	Granted	1,020,978		3.52
	Forfeited	-2,000		6.03
	Vested	-101,323		4.39
	Non-vested shares at June 30, 2014	2,328,840	$	3.2

INVESTMENT_SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Jun. 30, 2014
INVESTMENT SECURITIES	'
	NOTE 4 – INVESTMENT SECURITIES
	Investment Securities Available for Sale
	The amortized cost, non-credit loss component of other-than-temporary impairment (“OTTI”) recorded in other comprehensive income (“OCI”), gross unrealized gains and losses recorded in OCI, approximate fair value, weighted average yield and contractual maturities of investment securities available for sale as of June 30, 2014 and December 31, 2013 were as follows:
			30-Jun-14
			Amortized cost			Noncredit Loss Component of OTTI Recorded in OCI									Fair value			Weighted average yield%
											Gross Unrealized
											gains			losses
			(Dollars in thousands)
	U.S. Treasury securities:
		Due within one year	$	7,494		$	-		$	3		$	-		$	7,497		0.11
	Obligations of U.S.
	government-sponsored
	agencies:
	After 1 to 5 years			50,000			-			-			521			49,479		1.05
	After 5 to 10 years			214,245			-			-			6,868			207,377		1.31
	Puerto Rico government
	obligations:
	After 1 to 5 years			39,807			-			-			10,807			29,000		4.49
	After 5 to 10 years			885			-			1			-			886		5.2
	After 10 years			20,399			-			-			5,303			15,096		5.82
	United States and Puerto Rico
	government obligations			332,830			-			4			23,499			309,335		1.91
	Mortgage-backed securities:
	FHLMC certificates:
	After 10 years			335,489			-			1,354			3,298			333,545		2.2
	GNMA certificates:
	After 1 to 5 years			59			-			2			-			61		3.39
	After 5 to 10 years			1,620			-			91			-			1,711		3.3
	After 10 years			394,842			-			21,917			-			416,759		3.83
				396,521			-			22,010			-			418,531		3.83
	FNMA certificates:
	After 1 to 5 years			5,114			-			237			-			5,351		3.46
	After 5 to 10 years			7,627			-			485			-			8,112		3.81
	After 10 years			889,130			-			7,077			11,875			884,332		2.38
				901,871			-			7,799			11,875			897,795		2.4
	Collateralized mortgage
	obligations issued or
	guaranteed by the FHLMC:
	After 1 to 5 years			9			-			-			0			9		3.01
	Other mortgage pass-through
	trust certificates:
	Over 5 to 10 years			120			-			0			-			120		7.27
	After 10 years			51,187			13,123			-			-			38,064		2.21
				51,307			13,123			0			-			38,184		2.21
	Total mortgage-backed
	securities			1,685,197			13,123			31,163			15,173			1,688,064		2.69
	Equity securities (without
	contractual maturity) (1)			35			-			-			26			9		-
	Total investment securities
	available for sale		$	2,018,062		$	13,123		$	31,167		$	38,698		$	1,997,408		2.56
	-1	Represents common shares of another financial institution in Puerto Rico.
			31-Dec-13
			Amortized cost			Noncredit Loss Component of OTTI Recorded in OCI									Fair value			Weighted average yield%
											Gross Unrealized
											gains			losses
	U.S. Treasury securities:
		Due within one year	$	7,498		$	-		$	1		$	-		$	7,499		0.12
	Obligations of U.S.
	government-sponsored
	agencies:
		After 1 to 5 years		50,000			-			-			1,408			48,592		1.05
		After 5 to 10 years		214,271			-			-			13,368			200,903		1.31
	Puerto Rico government
obligations:
	Due within one year		10,000			-			-			210			9,790		3.5
	After 5 to 10 years		40,699			-			-			12,962			27,737		4.51
	After 10 years		20,309			-			-			6,506			13,803		5.82
United States and Puerto Rico
government obligations			342,777			-			1			34,454			308,324		1.96
Mortgage-backed securities:
FHLMC certificates:
	After 10 years		332,766			-			133			10,712			322,187		2.16
GNMA certificates:
	After 1 to 5 years		86			-			4			-			90		3.48
	After 5 to 10 years		800			-			37			-			837		2.47
	After 10 years		425,589			-			18,492			-			444,081		3.82
			426,475			-			18,533			-			445,008		3.82
FNMA certificates:
	After 1 to 5 years		1,389			-			84			-			1,473		4.82
	After 5 to 10 years		7,765			-			389			-			8,154		4.09
	After 10 years		882,798			-			2,984			33,626			852,156		2.36
			891,952			-			3,457			33,626			861,783		2.38
Collateralized mortgage
	obligations issued or
	guaranteed by the FHLMC:
	After 1 to 5 years		82			-			-			1			81		3.01
Other mortgage pass-through
trust certificates:
	Over 5 to 10 years		127			-			1			-			128		7.27
	After 10 years		55,048			14,310			-			-			40,738		2.24
			55,175			14,310			1			-			40,866		2.24
Total mortgage-backed
	securities		1,706,450			14,310			22,124			44,339			1,669,925		2.69
Equity securities (without
	contractual maturity) (1)		35			-			-			2			33		-
Total investment securities
	available for sale	$	2,049,262		$	14,310		$	22,125		$	78,795		$	1,978,282		2.57
-1	Represents common shares of another financial institution in Puerto Rico.
Maturities of mortgage-backed securities are based on contractual terms assuming no prepayments. Expected maturities of investments might differ from contractual maturities because they may be subject to prepayments and/or call options. The weighted average yield on investment securities available for sale is based on amortized cost and, therefore, does not give effect to changes in fair value. The net unrealized gain or loss on securities available for sale and the non credit loss component of OTTI are presented as part of OCI.
The following tables show the Corporation's available-for-sale investments' fair value and gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of June 30, 2014 and December 31, 2013. The tables also include debt securities for which an OTTI was recognized and only the amount related to a credit loss was recognized in earnings. Unrealized losses for which OTTI had been recognized have been reduced by any subsequent recoveries in fair value.
	As of June 30, 2014
	Less than 12 months						12 months or more						Total
				Unrealized						Unrealized						Unrealized
	Fair Value			Losses			Fair Value			Losses			Fair Value			Losses
		(In thousands)
Debt securities:
Puerto Rico government obligations	$	-		$	-		$	44,096		$	16,110		$	44,096		$	16,110
U.S. government agencies obligations		-			-			256,856			7,389			256,856			7,389
Mortgage-backed securities:
FNMA		40,008			67			577,485			11,808			617,493			11,875
FHLMC		-			-			195,771			3,298			195,771			3,298
Collateralized mortgage obligations
issued or guaranteed by FHLMC		-			-			9			-			9			-
Other mortgage pass-through trust
certificates		-			-			38,064			13,123			38,064			13,123
Equity securities		9			26			-			-			9			26
	$	40,017		$	93		$	1,112,281		$	51,728		$	1,152,298		$	51,821
	As of December 31, 2013
	Less than 12 months						12 months or more						Total
				Unrealized						Unrealized						Unrealized
	Fair Value			Losses			Fair Value			Losses			Fair Value			Losses
		(In thousands)
Debt securities:
Puerto Rico government obligations	$	23,156		$	5,977		$	28,174		$	13,701		$	51,330		$	19,678
U.S. government agencies obligations		175,369			8,913			74,126			5,863			249,495			14,776
Mortgage-backed securities:
FNMA		748,215			33,626			-			-			748,215			33,626
FHLMC		286,208			10,712			-			-			286,208			10,712
Collateralized mortgage obligations
issued or guaranteed by FHLMC		-			-			81			1			81			1
Other mortgage pass-through trust
certificates		-			-			40,738			14,310			40,738			14,310
Equity securities		33			2			-			-			33			2
	$	1,232,981		$	59,230		$	143,119		$	33,875		$	1,376,100		$	93,105
Assessment for OTTI
On a quarterly basis, the Corporation performs an assessment to determine whether there have been any events or economic circumstances indicating that a security with an unrealized loss has suffered an OTTI. A debt security is considered impaired if the fair value is less than its amortized cost basis at the reporting date. The accounting literature requires the Corporation to assess whether the unrealized loss is other than temporary.
OTTI losses must be recognized in earnings if an investor has the intent to sell the debt security or it is more likely than not that it will be required to sell the debt security before recovery of its amortized cost basis. However, even if an investor does not expect to sell a debt security, it must evaluate expected cash flows to be received and determine if a credit loss has occurred.
An unrealized loss is generally deemed to be other-than-temporary and a credit loss is deemed to exist if the present value of the expected future cash flows is less than the amortized cost basis of the debt security. The credit loss component of an OTTI, if any, is recorded as a component of net impairment losses on investment securities in the accompanying consolidated statements of income (loss), while the remaining portion of the impairment loss is recognized in OCI, provided the Corporation does not intend to sell the underlying debt security and it is “more likely than not” that the Corporation will not have to sell the debt security prior to recovery.
Debt securities issued by U.S. government agencies, government-sponsored entities and the Treasury accounted for approximately 96% of the total available-for-sale portfolio as of June 30, 2014 and no credit losses are expected, given the explicit and implicit guarantees provided by the U.S. federal government. The Corporation's OTTI assessment was concentrated mainly on private label mortgage-backed securities (“MBS”) with an amortized cost of $51.2 million for which credit losses are evaluated on a quarterly basis. The Corporation considered the following factors in determining whether a credit loss exists and the period over which the debt security is expected to recover:
The length of time and the extent to which the fair value has been less than the amortized cost basis;
Changes in the near term prospects of the underlying collateral of a security, such as changes in default rates, loss severity given default, and significant changes in prepayment assumptions;
The level of cash flows generated from the underlying collateral supporting the principal and interest payments of the debt securities; and
Any adverse change to the credit conditions and liquidity of the issuer, taking into consideration the latest information available about the overall financial condition of the issuer, credit ratings, recent legislation and government actions affecting the issuer's industry and actions taken by the issuer to deal with the present economic climate.
The Corporation recorded OTTI losses on available-for-sale debt securities as follows:
	Private Label MBS						Private Label MBS
	Quarter ended June 30,						Six-Month Period Ended June 30,
	2014			2013			2014			2013
(In thousands)
Total other-than-temporary impairment losses	$	-		$	-		$	-		$	-
Portion of other-than-temporary impairment losses recognized in OCI		-			-			-			-117
Net impairment losses recognized in earnings	$	-		$	-		$	-		$	-117
The following table summarizes the roll-forward of credit losses on debt securities held by the Corporation for which a portion of an OTTI is recognized in OCI:
		Quarter ended June 30,						Six-Month Period Ended June 30,
		2014			2013			2014			2013
(In thousands)
Credit losses at the beginning of the period		$	5,389		$	5,389		$	5,389		$	5,272
Additions:
Credit losses on debt securities for which an OTTI was
previously recognized			-			-			-			117
Ending balance of credit losses on debt securities held for
which a portion of an OTTI was recognized in OCI		$	5,389		$	5,389		$	5,389		$	5,389
During the first half of 2013, the $117 thousand credit-related impairment loss is related to private label MBS, which are collateralized by fixed-rate mortgages on single-family residential properties in the United States. The interest rate on these private-label MBS is variable, tied to 3-month LIBOR and limited to the weighted-average coupon of the underlying collateral. The underlying mortgages are fixed-rate single-family loans with original high FICO scores (over 700) and moderate original loan-to-value ratios (under 80%), as well as moderate delinquency levels.
Based on the expected cash flows derived from the model, and since the Corporation does not have the intention to sell the securities and has sufficient capital and liquidity to hold these securities until a recovery of the fair value occurs, only the credit loss component was reflected in earnings. Significant assumptions in the valuation of the private label MBS were as follows:
	30-Jun-14				31-Dec-13
	Weighted				Weighted
	Average		Range		Average		Range
Discount rate	14.50%		14.50%		14.50%		14.50%
Prepayment rate	32%		18.15%-100.00%		29%		15.86%-100.00%
Projected Cumulative Loss Rate	8.50%		0.90%-80.00%		6.80%		0.58%-38.16%
No OTTI losses on equity securities held in the available-for-sale investment portfolio were recognized in the first half of 2014. The Corporation recorded OTTI losses of $42,000 on equity securities held in the available-for-sale investment portfolio in the second quarter and first half of 2013.
Total proceeds from the sale of securities available for sale during the second quarter and first half of 2014 amounted to $4.9 million, including a $0.3 million gain on the sale of a Puerto Rico government agency bond.
As of June 30, 2014, the Corporation held approximately $61.1 million of Puerto Rico government and agencies bond obligations, mainly bonds of the Government Development Bank (“GDB”) and the Puerto Rico Building Authority, as part of its available-for-sale investment securities portfolio, which were reflected at their aggregate fair value of $45.0 million. During the first half of 2014, the fair value of these obligation increased by $3.6 million. In February 2014, Standard & Poor's (“S&P”), Moody's Investor Service (“Moodys”) and Fitch Ratings (“Fitch”) downgraded the Commonwealth of Puerto Rico general obligation bonds and other obligations of Puerto Rico instrumentalities to non-investment grade category. In July 2014, the Puerto Rico debt was downgraded further into speculative grade by these credit agencies after the enactment of The Puerto Rico Public Corporations Debt Enforcement and Recovery Act that provides a legislative framework for certain public corporations that are experiencing severe financial stress to address their financial obstacles through an orderly statutory process that allows them to handle their debts. The issuers of Puerto Rico government and agencies bonds held by the Corporation have not defaulted, and the contractual payments on these securities have been made as scheduled. The Corporation has the ability and intent to hold these securities until a recovery of the fair value occurs, and it is not more likely than not that the Corporation will be required to sell the securities prior to such recovery. It is uncertain how the financial markets may react to any potential further rating downgrade of Puerto Rico's debt. However, further deterioration in the fiscal situation could further adversely affect the value of Puerto Rico's government obligations. The Corporation will continue to closely monitor Puerto Rico's political and economic status and evaluate the portfolio for any declines in value that could be considered other-than temporary.

OTHER_EQUITY_SECURITIES

OTHER EQUITY SECURITIES	3 Months Ended
	Jun. 30, 2014
OTHER EQUITY SECURITIES	'
	NOTE 5 – OTHER EQUITY SECURITIES
	Institutions that are members of the FHLB system are required to maintain a minimum investment in FHLB stock. Such minimum investment is calculated as a percentage of aggregate outstanding mortgages, and an additional investment is required that is calculated as a percentage of total FHLB advances, letters of credit, and the collateralized portion of interest-rate swaps outstanding. The stock is capital stock issued at $100 par value. Both stock and cash dividends may be received on FHLB stock.
	As of June 30, 2014 and December 31, 2013, the Corporation had investments in FHLB stock with a book value of $28.9 million and $28.4 million, respectively. The net realizable value is a reasonable proxy for the fair value of these instruments. Dividend income from FHLB stock for the quarter and six-month period ended June 30, 2014 was $0.3 million and $0.6 million, respectively, compared to $0.3 million and $0.7 million for the comparable periods in 2013.
	The shares of FHLB stock owned by the Corporation are issued by the FHLB of New York. The FHLB of New York is part of the Federal Home Loan Bank System, a national wholesale banking network of 12 regional, stockholder-owned congressionally chartered banks. The Federal Home Loan Banks are all privately capitalized and operated by their member stockholders. The system is supervised by the Federal Housing Finance Agency, which ensures that the Home Loan Banks operate in a financially safe and sound manner, remain adequately capitalized and able to raise funds in the capital markets, and carry out their housing finance mission.
	The Corporation has other equity securities that do not have a readily available fair value. The carrying value of such securities as of June 30, 2014 and December 31, 2013 was $0.3 million.

LOAN_PORTFOLIO

LOAN PORTFOLIO	3 Months Ended
	Jun. 30, 2014
LOAN PORTFOLIO	'
	NOTE 6 – LOANS HELD FOR INVESTMENT
	The following table provides information about the loan portfolio held for investment:
			June 30,			December 31,
			2014			2013
	(In thousands)
	Residential mortgage loans, mainly secured by first mortgages		$	2,795,159		$	2,549,008
	Commercial loans:
	Construction loans			148,266			168,713
	Commercial mortgage loans			1,813,930			1,823,608
	Commercial and Industrial loans (1)			2,647,478			2,788,250
	Loans to a local financial institution collateralized by
	real estate mortgages (2)			-			240,072
	Commercial loans			4,609,674			5,020,643
	Finance leases			240,593			245,323
	Consumer loans			1,821,675			1,821,196
	Loans held for investment			9,467,101			9,636,170
	Allowance for loan and lease losses			-241,177			-285,858
	Loans held for investment, net		$	9,225,924		$	9,350,312
	-1	As of June 30, 2014 and December 31, 2013, includes $1.1 billion and 1.2 billion, respectively, of commercial loans that are secured by real estate but are not dependent upon the real estate for repayment.
	-2	On May 30, 2014, FirstBank acquired from Doral Financial Corporation ("Doral") mortgage loans, mainly residential mortgage loans, having an unpaid principal balance of $241.7 million (estimated fair value at acquisition of $226.0 million) in full satisfaction of secured borrowings with a book value of $232.9 million owed by Doral to FirstBank. Refer to Acquired Loans, including Purchased Credit-Impaired ("PCI") loans discussion below for additional information.
	Loans held for investment on which accrual of interest income had been discontinued were as follows:
	(In thousands)		June 30,			December 31,
			2014			2013
	Non-performing loans:
	Residential mortgage		$	175,404		$	161,441
	Commercial mortgage			166,218			120,107
	Commercial and Industrial			143,669			114,833
	Construction:
	Land			20,838			27,834
	Construction-commercial			3,849			3,924
	Construction-residential			14,143			27,108
	Consumer:
	Auto loans			22,005			21,316
	Finance leases			3,414			3,082
	Other consumer loans			15,091			15,904
	Total non-performing loans held for investment (1) (2)		$	564,631		$	495,549
	_______________
	-1	As of June 30, 2014 and December 31, 2013, excludes $54.8 million of non-performing loans held for sale.
	-2	Amount excludes PCI loans with a carrying value of approximately $105.6 million and $4.8 million as of June 30, 2014 and December 31, 2013, respectively, primarily mortgage loans acquired from Doral in the second quarter of 2014, as further discussed below. These loans are not considered non-performing due to the application of the accretion method, in which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analysis.
	The Corporation’s aging of the loans held for investment portfolio is as follows:
															Purchased Credit-Impaired Loans						Total loans held for investment			90 days past due and still accruing (2)
			30-59 Days Past Due			60-89 Days Past Due				90 days or more Past Due (1)		Total Past Due
	As of June 30, 2014
	(In thousands)																									Current
	Residential mortgage:
	FHA/VA and other government-guaranteed loans (2) (3) (4)		$	-		$	10,357		$	79,082		$	89,439		$	-		$	72,554		$	161,993		$	79,082
	Other residential mortgage loans (4)			-			95,029			189,752			284,781			99,997			2,248,388			2,633,166			14,348
	Commercial:
	Commercial and Industrial loans			12,240			3,015			162,557			177,812			-			2,469,666			2,647,478			18,888
	Commercial mortgage loans (4)			-			5,362			179,861			185,223			3,447			1,625,260			1,813,930			13,643
	Construction:
	Land (4)			-			258			23,212			23,470			-			39,879			63,349			2,374
	Construction-commercial			-			-			3,849			3,849			-			14,980			18,829			-
	Construction-residential (4)			-			-			14,143			14,143			-			51,945			66,088			-
	Consumer:
	Auto loans			82,018			20,391			22,005			124,414			-			997,700			1,122,114			-
	Finance leases			9,664			3,376			3,414			16,454			-			224,139			240,593			-
	Other consumer loans			7,139			8,770			18,713			34,622			2,176			662,763			699,561			3,622
	Total loans held for investment		$	111,061		$	146,558		$	696,588		$	954,207		$	105,620		$	8,407,274		$	9,467,101		$	131,957
	_____________
	-1	Includes non-performing loans and accruing loans that are contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges fees until charged-off at 180 days.
	-2	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $40.3 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of June 30, 2014.
	-3	As of June 30, 2014, includes $19.8 million of defaulted loans collateralizing Government National Mortgage Association ("GNMA") securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans.
-4	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days amounted to $16.5 million, $160.1 million, $72.1 million, $0.8 million, and $2.5 million, respectively.
As of December 31, 2013		30-59 Days Past Due			60-89 Days Past Due			90 days or more Past Due (1)												Total loans held for investment			90 days past due and still accruing (2)
(In thousands)															Total Past Due			Purchased Credit- Impaired Loans							Current
Residential mortgage:
FHA/VA and other government-guaranteed loans (2) (3) (4)		$	-		$	12,180		$	78,645		$	90,825		$	-		$	104,401		$	195,226		$	78,645
Other residential mortgage loans (4)			-			88,898			172,286			261,184			-			2,092,598			2,353,782			10,845
Commercial:
Commercial and Industrial loans			21,029			5,454			134,233			160,716			-			2,867,606			3,028,322			19,400
Commercial mortgage loans (4)			-			5,428			126,674			132,102			-			1,691,506			1,823,608			6,567
Construction:
Land (4)			-			358			27,871			28,229			-			52,145			80,374			37
Construction-commercial			-			-			3,924			3,924			-			12,907			16,831			-
Construction-residential (4)			-			-			27,108			27,108			-			44,400			71,508			-
Consumer:
Auto loans			79,279			17,944			21,316			118,539			-			993,781			1,112,320			-
Finance leases			10,275			3,536			3,082			16,893			-			228,430			245,323			-
Other consumer loans			11,710			8,691			20,492			40,893			4,791			663,192			708,876			4,588
Total loans held for investment		$	122,293		$	142,489		$	615,631		$	880,413		$	4,791		$	8,750,966		$	9,636,170		$	120,082
____________
-1	Includes non-performing loans and accruing loans that are contractually delinquent 90 days or more (i.e. FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days.
-2	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $37.0 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of December 31, 2013.
-3	As of December 31, 2013, includes $11.5 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans.
-4	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days amounted to $23.9 million, $166.7 million, $18.4 million, $0.9 million and $2.5 million, respectively.
The Corporation’s credit quality indicators by loan type as of June 30, 2014 and December 31, 2013 are summarized below:
		Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness category:
		Substandard			Doubtful			Loss			Total Adversely Classified (1)			Total Portfolio
30-Jun-14
(In thousands)
Commercial mortgage		$	295,588		$	3,133		$	-		$	298,721		$	1,813,930
Construction:
Land			21,134			936			-			22,070			63,349
Construction-commercial			12,490			3,149			-			15,639			18,829
Construction-residential			13,343			741			60			14,144			66,088
Commercial and Industrial			252,595			2,768			475			255,838			2,647,478
		Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness category:
		Substandard			Doubtful			Loss			Total Adversely Classified (1)			Total Portfolio
31-Dec-13
(In thousands)
Commercial mortgage		$	317,365		$	9,160		$	234		$	326,759		$	1,823,608
Construction
Land			31,777			3,308			52			35,137			80,373
Construction-commercial			16,022			-			-			16,022			16,831
Construction-residential			27,829			2,209			241			30,279			71,509
Commercial and Industrial			205,807			7,998			973			214,778			3,028,322
_________
-1	Excludes $54.8 million ($7.8 million land, $39.1 million construction-commercial, $0.9 million construction-residential and $ 7.0 million commercial mortgage) as of June 30, 2014 and December 31, 2013, of non-performing loans held for sale.
The Corporation considers a loan as adversely classified if its risk rating is Substandard, Doubtful or Loss. These categories are defined as follows:
Substandard- A Substandard asset is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.
Doubtful- Doubtful classifications have all the weaknesses inherent in those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions and values, highly questionable and improbable. A Doubtful classification may be appropriate in cases where significant risk exposures are perceived, but Loss cannot be determined because of specific reasonable pending factors which may strengthen the credit in the near term.
Loss- Assets classified Loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be affected in the future. There is little or no prospect for near term improvement and no realistic strengthening action of significance pending.
30-Jun-14		Consumer Credit Exposure-Credit Risk Profile based on payment activity
		Residential Real-Estate						Consumer
		FHA/VA/ Guaranteed (1)			Other residential loans			Auto			Finance Leases			Other Consumer
(In thousands)
Performing		$	161,993		$	2,357,765		$	1,100,109		$	237,179		$	682,294
Purchased Credit-Impaired (2)			-			99,997			-			-			2,176
Non-performing			-			175,404			22,005			3,414			15,091
Total		$	161,993		$	2,633,166		$	1,122,114		$	240,593		$	699,561
-1	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $40.3 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of June 30, 2014.
-2	PCI loans are excluded from non-performing statistics due to the application of the accretion method, in which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analysis.
31-Dec-13		Consumer Credit Exposure-Credit Risk Profile based on payment activity
			Residential Real-Estate					Consumer
		FHA/VA/ Guaranteed (1)			Other residential loans			Auto			Finance Leases			Other Consumer
(In thousands)
Performing		$	195,226		$	2,192,341		$	1,091,004		$	242,241		$	688,181
Purchased Credit-Impaired (2)			-			-			-			-			4,791
Non-performing			-			161,441			21,316			3,082			15,904
Total		$	195,226		$	2,353,782		$	1,112,320		$	245,323		$	708,876
-1	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $37.0 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of December 31, 2013.
-2	PCI loans are excluded from non-performing statistics due to the application of the accretion method, in which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analysis.
The following tables present information about impaired loans, excluding purchased credit-impaired loans, which are reported separately, as discussed below:
Impaired Loans
(In thousands)
													Quarter ended						Six-month Period Ended
														30-Jun-14
	Recorded Investment			Unpaid Principal Balance			Related Specific Allowance			Year-To-Date Average Recorded Investment			Interest Income Recognized Accrual Basis			Interest Income Recognized Cash Basis			Interest Income Recognized Accrual Basis			Interest Income Recognized Cash Basis
As of June 30, 2014
With no related allowance recorded:
FHA/VA-Guaranteed loans	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Other residential mortgage loans		263,024			286,904			-			265,285			2,788			355			5,357			749
Commercial:
Commercial mortgage loans		84,909			90,834			-			85,642			423			484			884			640
Commercial and Industrial Loans		39,507			55,335			-			40,027			6			264			14			264
Construction:
Land		1,821			2,500			-			1,844			6			3			12			3
Construction-commercial		-			-			-			-			-			-			-			-
Construction-residential		4,848			4,946			-			4,917			42			2			83			4
Consumer:
Auto loans		-			-			-			-			-			-			-			-
Finance leases		-			-			-			-			-			-			-			-
Other consumer loans		4,882			5,699			-			4,962			75			18			154			32
	$	398,991		$	446,218		$	-		$	402,677		$	3,340		$	1,126		$	6,504		$	1,692
With an allowance recorded:
FHA/VA-Guaranteed loans	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Other residential mortgage loans		151,424			172,951			16,464			153,650			1,393			660			2,728			1,040
Commercial:
Commercial mortgage loans		154,088			176,208			16,317			160,076			471			162			937			599
Commercial and Industrial Loans		140,257			171,068			22,745			150,374			611			333			1,177			390
Construction:
Land		13,548			22,265			3,855			13,690			13			10			27			14
Construction-commercial		15,639			15,639			3,950			15,881			-			87			-			259
Construction-residential		10,865			11,062			1,157			12,548			-			-			-			-
Consumer:
Auto loans		14,110			14,110			1,980			14,887			258			-			498			-
Finance leases		2,162			2,162			91			2,348			58			-			110			-
Other consumer loans		7,774			8,616			1,799			8,042			589			15			1,113			26
	$	509,867		$	594,081		$	68,358		$	531,496		$	3,393		$	1,267		$	6,590		$	2,328
Total:
FHA/VA-Guaranteed loans	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Other residential mortgage loans		414,448			459,855			16,464			418,935			4,181			1,015			8,085			1,789
Commercial:
Commercial mortgage loans		238,997			267,042			16,317			245,718			894			646			1,821			1,239
Commercial and Industrial Loans		179,764			226,403			22,745			190,401			617			597			1,191			654
Construction:
Land		15,369			24,765			3,855			15,534			19			13			39			17
Construction-commercial		15,639			15,639			3,950			15,881			-			87			-			259
Construction-residential		15,713			16,008			1,157			17,465			42			2			83			4
Consumer:
Auto loans		14,110			14,110			1,980			14,887			258			-			498			-
Finance leases		2,162			2,162			91			2,348			58			-			110			-
Other consumer loans		12,656			14,315			1,799			13,004			664			33			1,267			58
	$	908,858		$	1,040,299		$	68,358		$	934,173		$	6,733		$	2,393		$	13,094		$	4,020
(In thousands)
	Recorded Investments			Unpaid Principal Balance			Related Specific Allowance			Year-To-Date Average Recorded Investment
As of December 31, 2013
With no related allowance recorded:
FHA/VA-Guaranteed loans	$	-		$	-		$	-		$	-
Other residential mortgage loans		220,428			237,709			-			222,617
Commercial:
Commercial mortgage loans		69,484			73,723			-			71,367
Commercial and Industrial Loans		32,418			56,831			-			37,946
Construction:
Land		359			366			-			360
Construction-commercial		-			-			-			-
Construction-residential		14,761			19,313			-			17,334
Consumer:
Auto loans		-			-			-			-
Finance leases		-			-			-			-
Other consumer loans		4,035			4,450			-			3,325
	$	341,485		$	392,392		$	-		$	352,949
With an allowance recorded:
FHA/VA-Guaranteed loans	$	-		$	-		$	-		$	-
Other residential mortgage loans		190,566			212,028			18,125			193,372
Commercial:
Commercial mortgage loans		149,888			163,656			32,189			153,992
Commercial and Industrial Loans		154,686			170,191			26,686			162,786
Construction:
Land		27,711			40,348			10,455			28,906
Construction-commercial		16,022			16,238			8,873			16,157
Construction-residential		13,864			13,973			2,816			13,640
Consumer:
Auto loans		14,121			14,122			1,829			12,937
Finance leases		2,359			2,359			73			2,219
Other consumer loans		8,410			8,919			1,555			8,919
	$	577,627		$	641,834		$	102,601		$	592,928
Total:
FHA/VA-Guaranteed loans	$	-		$	-		$	-		$	-
Other residential mortgage loans		410,994			449,737			18,125			415,989
Commercial:
Commercial mortgage loans		219,372			237,379			32,189			225,359
Commercial and Industrial Loans		187,104			227,022			26,686			200,732
Construction:
Land		28,070			40,714			10,455			29,266
Construction-commercial		16,022			16,238			8,873			16,157
Construction-residential		28,625			33,286			2,816			30,974
Consumer:
Auto loans		14,121			14,122			1,829			12,937
Finance leases		2,359			2,359			73			2,219
Other consumer loans		12,445			13,369			1,555			12,244
	$	919,112		$	1,034,226		$	102,601		$	945,877
Interest income of approximately $7.9 million ($6.4 million on an accrual basis and $1.5 million on a cash basis) and $15.3 million ($12.0 million on an accrual basis and $3.3 million on a cash basis) was recognized on impaired loans for the second quarter and six-month period ended June 30, 2013, respectively.
The following tables show the activity for impaired loans and the related specific reserve for the quarter and six-month
period ended June 30, 2014:
				Quarter Ended			Six-Month Period Ended
				30-Jun-14
					(In thousands)
Impaired Loans:
Balance at beginning of period				$	879,388		$	919,112
Loans determined impaired during the period					98,966			153,243
Net charge-offs					-32,646			-64,685
Increases to impaired loans- additional disbursements					294			919
Foreclosures					-4,134			-8,140
Loans no longer considered impaired					-14,003			-17,731
Paid in full or partial payments					-19,007			-73,860
Balance at end of period				$	908,858		$	908,858
					Quarter Ended			Six-Month Period Ended
				30-Jun-14
				(In thousands)
Specific Reserve:
Balance at beginning of period				$	85,016		$	102,601
Provision for loan losses					15,988			30,442
Net charge-offs					-32,646			-64,685
Balance at end of period				$	68,358		$	68,358
Acquired loans, including PCI Loans
On May 30, 2014, FirstBank purchased from Doral all of its rights, title and interests in first and second mortgage loans having an unpaid principal balance of approximately $241.7 million for an aggregate price of approximately $232.9 million. Doral had pledged the mortgage loans to FirstBank as collateral for secured borrowings pursuant to a series of credit agreements between the parties entered into in 2006. As consideration for the purchase of the mortgage loans, FirstBank credited approximately $232.9 million as full satisfaction of the outstanding balance of the Doral secured borrowings plus interest owed to FirstBank. The estimated fair value of the mortgage loans at acquisition was $226.0 million. This transaction resulted in a loss of $6.9 million derived from the difference between the fair value of the mortgage loans acquired, $226.0 million, and the book value of the secured borrowings of $232.9 million. Approximately $5.5 million of the loss was part of the general allowance for loan losses established for commercial loans in prior periods; thus, an additional charge of $1.4 million to the provision was recorded in the second quarter of 2014. In addition, the Corporation recorded $0.6 million of professional service fees in the second quarter of 2014 specifically related to this transaction.
Acquired loans are recorded at fair value at the date of acquisition. The Corporation concluded that loans with a contractual unpaid principal balance of $119.2 million and an estimated fair value at acquisition of $102.8 million were acquired with evidence of credit quality deterioration and, as purchased credit impaired loans, have been accounted for under ASC 310-30, while loans with a contractual unpaid principal balance of $122.5 million and an estimated fair value at acquisition of $123.2 million are non-credit impaired purchased loans that have been accounted for under ASC 310-20.
Subsequent to the day-one fair value, acquired loans accounted for under ASC 310-20 are accounted for consistently with other originated loans, potentially becoming non-accrual or impaired, as well as being classified under the Corporation's standard practices and procedures. In addition, these loans are considered in the determination of the allowance for loan losses.
Under ASC 310-30, the acquired loans were aggregated into pools based on similar characteristics (i.e. delinquency status, loan terms). Each loan pool is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows. The loans which are accounted for under ASC 310-30 by the Corporation are not considered non-performing and will continue to have an accretable yield as long as there is a reasonable expectation about the timing and amount of cash flows expected to be collected. The Corporation measures additional losses for this portfolio when it is probable the Corporation will be unable to collect all cash flows expected at acquisition plus additional cash flows expected to be collected arising from changes in estimates after acquisition.
On May 30, 2012, the Corporation reentered the credit card business with the acquisition of an approximate $406 million portfolio of FirstBank-branded credit card loans from FIA Card Services (“FIA”). These loans were recorded on the Consolidated Statement of Financial Condition at estimated fair value on the acquisition date of $368.9 million. The Corporation concluded that loans with a contractual outstanding unpaid principal and interest balance at acquisition of $34.6 million and an estimated fair value of $15.7 million were PCI loans.
The carrying amount of PCI loans follows:
		June 30,			December 31,
		2014			2013
(In thousands)
Residential mortgage loans		$	99,997		$	-
Commercial mortgage loans			3,447			-
Credit Cards			2,176			4,791
		$	105,620		$	4,791
The following tables present PCI loans by past due status as of June 30, 2014 and December 31, 2013:
As of June 30, 2014		30-59 Days			60-89 Days			90 days or more			Total Past Due							Total PCI loans
(In thousands)																					Current
Residential mortgage loans (1)		$	-		$	11,282		$	11,522		$	22,804			$	77,193		$	99,997
Commercial mortgage loans (1)			-			366			437			803				2,644			3,447
Credit Cards			166			62			145			373				1,803			2,176
		$	166		$	11,710		$	12,104		$	23,980			$	81,640		$	105,620
_____________
-1	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage and commercial mortgage loans are considered past due when the borrower is in arrears two or more monthly payments. PCI residential mortgage loans and commercial mortgage loans past due 30-59 days amounted to $18.2 million and $0.9 million, respectively.
As of December 31, 2013		30-59 Days			60-89 Days			90 days or more			Total Past Due							Total PCI loans
(In thousands)																					Current
Credit Cards		$	377		$	354		$	573		$	1,304			$	3,487		$	4,791
Initial Fair Value and Accretable Yield of PCI Loans
At acquisition, the Corporation estimated the cash flows the Corporation expected to collect on PCI loans. Under the accounting guidance for PCI loans, the difference between the contractually required payments and the cash flows expected to be collected at acquisition is referred to as the nonaccretable difference. This difference is neither accreted into income nor recorded on the Corporation's Consolidated Statement of Financial Condition. The excess of cash flows expected to be collected over the estimated fair value is referred to as the accretable yield and is recognized in interest income over the remaining life of the loans, using the effective-yield method
The following table presents acquired loans from Doral accounted for pursuant to ASC 310-30 as of May 30, 2014 acquisition date:
(In thousands)
Contractually- required principal and interest		$	275,842
Less: Nonaccretable difference			-86,252
Cash flows expected to be collected			189,590
Less: Accretable yield			-86,759
Fair value of loans acquired in 2014		$	102,831
The cash flows expected to be collected consider the estimated remaining life of the underlying loans and include the effects of estimated prepayments.
Changes in accretable yield of acquired loans
Subsequent to acquisition, the Corporation is required to periodically evaluate its estimate of cash flows expected to be collected. These evaluations, performed quarterly, require the continued use of key assumptions and estimates, similar to the initial estimate of fair value. Subsequent changes in the estimated cash flows expected to be collected may result in changes in the accretable yield and nonaccretable difference or reclassifications from nonaccretable yield to accretable. Increases in the cash flows expected to be collected will generally result in an increase in interest income over the remaining life of the loan or pool of loans. Decreases in expected cash flows due to further credit deterioration will generally result in an impairment charge recognized in the Corporation's provision for loan and lease losses, resulting in an increase to the allowance for loan losses. During the first half of 2014, the Corporation did not record charges to the provision for loan losses related to PCI loans, most of which were acquired on May 30, 2014.
.
Changes in the accretable yield of PCI loans for the quarter and six month period ended June 30, 2014 were as follows:
	Quarter ended June 30, 2014			Quarter ended June 30, 2013			Six month period ended June 30, 2014			Six month period ended June 30, 2013
(In thousands)
Balance at beginning of period	$	-		$	406		$	-		$	2,171
Additions (accretable yield at acquisition
of loans from Doral)		86,759			-			86,759			-
Accretion recognized in earnings		-612			-			-612			-413
Reclassification to non accretable		-			-			-			-1,352
Balance at end of period	$	86,147		$	406		$	86,147		$	406
Changes in the carrying amount of loans accounted pursuant to ASC 310-30 follows:
			Quarter Ended			Six-Month Period Ended
				30-Jun-14			30-Jun-14
(In thousands)
Balance at beginning of period (1)			$	3,383		$	4,791
Additions (2)				102,831			102,831
Accretion				612			612
Collections and charge-offs				-1,207			-2,615
Ending balance			$	105,619		$	105,619
-1	Relates to PCI loans acquired as part of the credit card portfolio purchased in the second quarter of 2012.
-2	Represents the estimated fair value of the PCI loans acquired from Doral at the date of acquisition.
The outstanding principal balance of PCI loans, including amounts charged off by the Corporation, amounted to $139.3 million as of June 30, 2014 (December 2013- $22.7 million).
Purchases and Sales of Loans
In addition to loans acquired from Doral, during 2014, the Corporation purchased $80.5 million of residential mortgage loans consistent with a strategic program established by the Corporation in 2005 to purchase ongoing residential mortgage loan production from mortgage bankers in Puerto Rico. Generally, the loans purchased from mortgage bankers were conforming residential mortgage loans. Purchases of conforming residential mortgage loans provide the Corporation the flexibility to retain or sell the loans, including through securitization transactions, depending upon the Corporation's interest rate risk management strategies. When the Corporation sells such loans, it generally keeps the servicing of the loans.
In the ordinary course of business, the Corporation sells residential mortgage loans (originated or purchased) to the GNMA and government-sponsored entities (“GSEs”). GNMA and GSEs, such as Fannie Mae (“FNMA”) and Freddie Mac (“FHLMC”), generally securitize the transferred loans into mortgage-backed securities for sale into the secondary market. The Corporation sold approximately $65.1 million of performing residential mortgage loans to FNMA and FHLMC during the first half of 2014. Also, the Corporation securitized $104.2 million of FHA/VA mortgage loans into GNMA mortgage-backed securities during the first half of 2014. The Corporation's continuing involvement in these loan sales consists primarily of servicing the loans. In addition, the Corporation agreed to repurchase loans when it breaches any of the representations and warranties included in the sale agreement. These representations and warranties are consistent with the GSEs' selling and servicing guidelines (i.e., ensuring that the mortgage was properly underwritten according to established guidelines).
For loans sold to GNMA, the Corporation holds an option to repurchase individual delinquent loans issued on or after January 1, 2003 when the borrower fails to make any payment for three consecutive months. This option gives the Corporation the ability, but not the obligation, to repurchase the delinquent loans at par without prior authorization from GNMA.
Under ASC Topic 860 Transfer and Servicing, once the Corporation has the unilateral ability to repurchase the delinquent loan, it is considered to have regained effective control over the loan and is required to recognize the loan and a corresponding repurchase liability on the balance sheet regardless of the Corporation's intent to repurchase the loan.
During the first half of 2014, the Corporation repurchased pursuant to its repurchase option with GNMA $2.7 million of loans previously sold to GNMA. The principal balance of these loans is fully guaranteed and the risk of loss related to repurchases is generally limited to the difference between the delinquent interest payment advanced to GNMA computed at the loan's interest rate and the interest payments reimbursed by FHA, which are computed at a pre-determined debenture rate. Repurchases of GNMA loans allow the Corporation, among other things, to maintain acceptable delinquency rates on outstanding GNMA pools and remain as a seller and servicer in good standing with GNMA. The Corporation generally remediates any breach of representations and warranties related to the underwriting of such loans according to established GNMA guidelines without incurring losses. The Corporation does not maintain a liability for estimated losses as a result of breaches in representations and warranties.
Loan sales to FNMA and FHLMC are without recourse in relation to the future performance of the loans. The Corporation repurchased at par loans previously sold to FNMA and FHLMC in the amount of $1.3 million during the first half of 2014. The Corporation's risk of loss with respect to these loans is also minimal as these repurchased loans are generally performing loans with documentation deficiencies. A $0.7 million loss was recorded in the first half of 2014 related to breaches in representations and warranties and a $0.3 million charge was recorded related to compensatory fees imposed by GSEs. Historically, losses experienced related to breaches in representation and warranties have been immaterial.
As a consequence, as of June 30, 2014, the Corporation does not maintain a liability for estimated losses on loans expected to be repurchased as a result of breaches in loan and servicer representations and warranties.
Bulk Sales of Assets and Transfer of Loans to Held For Sale
On June 21, 2013, the Corporation announced that it had completed a sale of non-performing residential mortgage loans with a book value of $203.8 million and OREO properties with a book value of $19.2 million in a cash transaction. The sales price of this bulk sale was $128.3 million. Approximately $30.1 million of reserves had already been allocated to the loans. This transaction resulted in total charge-offs of $98.0 million and an incremental loss of $69.8 million, reflected in the provision for loan and lease losses for the second quarter and first half of 2013. In addition, the Corporation recorded $3.1 million of professional service fees specifically related to this bulk sale of non-performing residential assets. This transaction resulted in a total pre-tax loss of $72.9 million.
On March 28, 2013, the Corporation completed the sale of adversely classified loans with a book value of $211.4 million ($100.1 million of commercial and industrial loans, $68.8 million of commercial mortgage loans, $41.3 million of construction loans, and $1.2 million of residential mortgage loans), and $6.3 million of OREO properties in a cash transaction. Included in the bulk sale was $185.0 million of non-performing assets. The sales price of this bulk sale was $120.2 million. Approximately $39.9 million of reserves had already been allocated to the loans. This transaction resulted in total charge-offs of $98.5 million and an incremental loss of $58.9 million, reflected in the provision for loan and lease losses for the first half of 2013. In addition, the Corporation recorded $3.9 million of professional fees specifically related to this bulk sale of assets. This transaction resulted in a total pre-tax loss of $62.8 million.
In addition, during the first quarter of 2013, the Corporation transferred to held for sale non-performing loans with an aggregate book value of $181.6 million. These transfers resulted in charge-offs of $36.0 million and an incremental loss of $5.2 million reflected in the provision for loan and lease losses for the first half of 2013.
During the second quarter of 2013, the Corporation completed the sale of a $40.8 million non-performing commercial mortgage loan that was among the loans transferred to held for sale in the first quarter of 2013 without incurring additional losses.
In a separate transaction during 2013, the Corporation foreclosed on the collateral underlying $39.2 million related to one of the loans written-off and transferred to held for sale in the first quarter of 2013. Furthermore, in the third quarter of 2013, approximately $6.4 million of construction loan held for sale participations were paid-off.
The Corporation's primary goal with respect to these sales has been to accelerate the disposition of non-performing assets, which is the main priority of the Corporation's Strategic Plan. The opportunistic sale of distressed assets is a pivotal and tactical step in the Corporation's efforts to reduce balance sheet risk, improve earnings in the future through reductions of credit-related-costs and enhance credit quality consistent with regulators' expectations of adequate levels of adversely classified assets for financial institutions.
Loan Portfolio Concentration
The Corporation's primary lending area is Puerto Rico. The Corporation's banking subsidiary, First Bank, also lends in the USVI and BVI markets and in the United States (principally in the state of Florida). Of the total gross loans held for investment of $9.5 billion as of June 30, 2014, approximately 83% have credit risk concentration in Puerto Rico, 10% in the United States, and 7% in the USVI and BVI.
As of June 30, 2014, the Corporation had $385.3 million in credit facilities granted to the Puerto Rico government, its municipalities and public corporations, of which $340.7 million was outstanding, compared to $397.8 million outstanding as of December 31, 2013, and $80.2 million granted to the government of the Virgin Islands, compared to $60.6 million as of December 31, 2013. Approximately $205.7 million of the outstanding credit facilities consists of loans to municipalities in Puerto Rico. Municipal debt exposure is secured by ad valorem taxation without limitation as to rate or amount on all taxable property within the boundaries of each municipality. The good faith, credit, and unlimited taxing power of the applicable municipality have been pledged to the repayment of all outstanding bonds and notes. Approximately $46.4 million consists of loans to units of the central government, and approximately $88.6 million consists of loans to public corporations that receive revenues from the rates they charge for services or products, such as electric power services, including a $75.0 million credit extended to the Puerto Rico Electric Power Authority for fuel purchases that have priority over senior bonds and other debt. Main public corporations have varying degrees of independence from the central government and many receive appropriations or other payments from the Puerto Rico's government general fund. Debt issued by the central government can either carry the full faith, credit and taxing power of the Commonwealth of Puerto Rico or represent an obligation that is subject to annual budget appropriations. Furthermore, the Corporation had $200.2 million outstanding as of June 30, 2014 in financing to the hotel industry in Puerto Rico guaranteed by the Puerto Rico Tourism Development Fund (“TDF”). The TDF is a subsidiary of the GDB that works with private-sector financial institutions to structure financings for new hospitality projects.
As disclosed in Note 4, S&P, Moody's and Fitch downgraded the credit rating of the Commonwealth of Puerto Rico's debt and certain public corporations to non-investment grade categories. The Corporation cannot predict at this time the impact that the current fiscal situation of the Commonwealth of Puerto Rico and the various legislative and other measures adopted and to be adopted by the Puerto Rico government in response to such fiscal situation will have on the Puerto Rico economy and on the Corporation's financial condition and results of operations.
Troubled Debt Restructurings
The Corporation provides homeownership preservation assistance to its customers through a loss mitigation program in Puerto Rico that is similar to the U.S. government's Home Affordable Modification Program guidelines. Depending upon the nature of borrowers' financial condition, restructurings or loan modifications through this program as well as other restructurings of individual commercial, commercial mortgage, construction, and residential mortgage loans in the U.S. mainland fit the definition of a troubled debt restructuring (a “TDR”). A restructuring of a debt constitutes a TDR if the creditor for economic or legal reasons related to the debtor's financial difficulties grants a concession to the debtor that it would not otherwise consider. Modifications involve changes in one or more of the loan terms that bring a defaulted loan current and provide sustainable affordability. Changes may include the refinancing of any past-due amounts, including interest and escrow, the extension of the maturity of the loan and modifications of the loan rate. As of June 30, 2014, the Corporation's total TDR loans held for investment of $628.2 million consisted of $342.9 million of residential mortgage loans, $103.5 million of commercial and industrial loans, $137.6 million of commercial mortgage loans, $17.0 million of construction loans, and $27.2 million of consumer loans. Outstanding unfunded commitments on TDR loans amounted to $0.4 million as of June 30, 2014.
The Corporation's loss mitigation programs for residential mortgage and consumer loans can provide for one or a combination of the following: movement of interest past due to the end of the loan, extension of the loan term, deferral of principal payments for a significant period of time, and reduction of interest rates either permanently (offered up to 2010) or for a period of up to two years (step-up rates). Additionally, in certain cases, the restructuring may provide for the forgiveness of contractually due principal or interest. Uncollected interest is added to the end of the loan term at the time of the restructuring and not recognized as income until collected or when the loan is paid off. These programs are available only to those borrowers who have defaulted, or are likely to default, permanently on their loan and would lose their homes in a foreclosure action absent some lender concession. Nevertheless, if the Corporation is not reasonably assured that the borrower will comply with its contractual commitment, properties are foreclosed.
Prior to permanently modifying a loan, the Corporation may enter into trial modifications with certain borrowers. Trial modifications generally represent a six-month period during which the borrower makes monthly payments under the anticipated modified payment terms prior to a formal modification. Upon successful completion of a trial modification, the Corporation and the borrower enter into a permanent modification. TDR loans that are participating in or that have been offered a binding trial modification are classified as TDRs when the trial offer is made and continue to be classified as TDRs regardless of whether the borrower enters into a permanent modification. As of June 30, 2014, we classified an additional $8.2 million of residential mortgage loans as TDRs that were participating in or had been offered a trial modification.
For the commercial real estate, commercial and industrial, and construction portfolios, at the time of a restructuring, the Corporation determines, on a loan-by-loan basis, whether a concession was granted for economic or legal reasons related to the borrower's financial difficulty. Concessions granted for commercial loans could include: reductions in interest rates to rates that are considered below market; extension of repayment schedules and maturity dates beyond original contractual terms; waivers of borrower covenants; forgiveness of principal or interest; or other contract changes that would be considered a concession. The Corporation mitigates loan defaults for its commercial loan portfolios through its collections function. The function's objective is to minimize both early stage delinquencies and losses upon default of commercial loans. In the case of the commercial and industrial, commercial mortgage and construction loan portfolios, the Corporation's Special Asset Group (“SAG”) focuses on strategies for the accelerated reduction of non-performing assets through note sales, short sales, loss mitigation programs, and sales of OREO. In addition to the management of the resolution process for problem loans, the SAG oversees collection efforts for all loans to prevent migration to the non-performing and/or adversely classified status. The SAG utilizes relationship officers, collection specialists, and attorneys. In the case of residential construction projects, the workout function monitors project specifics, such as project management and marketing, as deemed necessary. The SAG utilizes its collections infrastructure of workout collection officers, credit work-out specialists, in-house legal counsel, and third-party consultants. In the case of residential construction projects and large commercial loans, the function also utilizes third-party specialized consultants to monitor the residential and commercial construction projects in terms of construction, marketing and sales, and assists with the restructuring of large commercial loans. In addition, the Corporation extends, renews, and restructures loans with satisfactory credit profiles. Many commercial loan facilities are structured as lines of credit, which are mainly one year in term and therefore are required to be renewed annually. Other facilities may be restructured or extended from time to time based upon changes in the borrower's business needs, use of funds, timing of completion of projects, and other factors. If the borrower is not deemed to have financial difficulties, extensions, renewals, and restructurings are done in the normal course of business and not considered concessions, and the loans continue to be recorded as performing.
Selected information on TDRs that includes the recorded investment by loan class and modification type is summarized in the following tables. This information reflects all TDRs:
		30-Jun-14
(In thousands)		Interest rate below market			Maturity or term extension			Combination of reduction in interest rate and extension of maturity			Forgiveness of principal and/or interest			Other (1)			Total
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans		$	24,088		$	6,437		$	277,431		$	-		$	34,956		$	342,912
Commercial Mortgage Loans			30,672			12,884			74,939			-			19,124			137,619
Commercial and Industrial Loans:			7,666			4,885			33,216			3,100			54,671			103,538
Construction Loans:
Land			834			214			1,634			-			554			3,236
Construction-commercial			-			-			3,848			-			-			3,848
Construction-residential			6,155			160			3,142			-			432			9,889
Consumer Loans - Auto			-			544			8,662			-			4,904			14,110
Finance Leases			-			510			1,652			-			-			2,162
Consumer Loans - Other			642			178			8,407			130			1,562			10,919
Total Troubled Debt Restructurings (2)		$	70,057		$	25,812		$	412,931		$	3,230		$	116,203		$	628,233
-1	Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation or a combination of the concessions listed in the table.
-2	Excludes TDRs held for sale amounting to $45.8 million as of June 30, 2014
		31-Dec-13
(In thousands)		Interest rate below market			Maturity or term extension			Combination of reduction in interest rate and extension of maturity			Forgiveness of principal and/or interest			Other (1)			Total
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans		$	23,428		$	6,059		$	274,562		$	-		$	33,195		$	337,244
Commercial Mortgage Loans			36,543			12,985			83,993			7			20,048			153,576
Commercial and Industrial Loans			12,099			11,341			12,835			3,122			52,554			91,951
Construction Loans:
Land			878			2,012			1,760			-			675			5,325
Construction-commercial			-			-			3,924			-			-			3,924
Construction-residential			6,054			160			3,173			994			513			10,894
Consumer Loans - Auto			-			706			8,350			-			5,066			14,122
Finance Leases			-			1,286			1,072			-			-			2,358
Consumer Loans - Other			227			256			8,638			-			1,743			10,864
Total Troubled Debt Restructurings (2)		$	79,229		$	34,805		$	398,307		$	4,123		$	113,794		$	630,258
-1	Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation or a combination of the concessions listed in the table.
-2	Excludes TDRs held for sale amounting to $45.9 million as of December 31, 2013.
The following table presents the Corporation's TDR activity:
(In thousands)					Quarter Ended			Six-Month Period Ended
					30-Jun-14
Beginning balance of TDRs					$	622,320		$	630,258
New TDRs						34,810			54,745
Increases to existing TDRs - additional
disbursements						107			134
Charge-offs post modification						-18,666			-26,648
Foreclosures						-1,527			-2,601
Paid-off and partial payments						-8,811			-27,655
Ending balance of TDRs					$	628,233		$	628,233
TDRs are classified as either accrual or nonaccrual loans. A loan on nonaccrual and restructured as a TDR will remain on nonaccrual status until the borrower has proven the ability to perform under the modified structure, generally for a minimum of six months, and there is evidence that such payments can and are likely to continue as agreed. Performance prior to the restructuring, or significant events that coincide with the restructuring, are included in assessing whether the borrower can meet the new terms and may result in the loans being returned to accrual at the time of the restructuring or after a shorter performance period. If the borrower's ability to meet the revised payment schedule is uncertain, the loan remains classified as a nonaccrual loan. Loan modifications increase the Corporation's interest income by returning a non-performing loan to performing status, if applicable, increase cash flows by providing for payments to be made by the borrower, and avoid increases in foreclosure and OREO costs. The Corporation continues to consider a modified loan as an impaired loan for purposes of estimating the allowance for loan and lease losses. A TDR loan that specifies an interest rate that at the time of the restructuring is greater than or equal to the rate the Corporation is willing to accept for a new loan with comparable risk may not be reported as a TDR or an impaired loan in the calendar years subsequent to the restructuring if it is in compliance with its modified terms. The Corporation did not remove loans from the TDR classification during the first half of 2014.
The following table provides a breakdown between accrual and nonaccrual status of TDRs:
(In thousands)		30-Jun-14
		Accrual			Nonaccrual (1) (2)			Total TDRs
Non-FHA/VA Residential Mortgage loans		$	256,948		$	85,964		$	342,912
Commercial Mortgage Loans			77,795			59,824			137,619
Commercial and Industrial Loans			53,249			50,289			103,538
Construction Loans:
Land			811			2,425			3,236
Construction-commercial			-			3,848			3,848
Construction-residential			3,301			6,588			9,889
Consumer Loans - Auto			8,847			5,263			14,110
Finance Leases			2,060			102			2,162
Consumer Loans - Other			8,859			2,060			10,919
Total Troubled Debt Restructurings		$	411,870		$	216,363		$	628,233
-1	Included in non-accrual loans are $85.5 million in loans that are performing under the terms of the restructuring agreement but are reported in non-accrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and there is no doubt about full collectability.
-2	Excludes non-accrual TDRs held for sale with a carrying value of $45.8 million as of June 30, 2014.
(In thousands)			31-Dec-13
			Accrual			Nonaccrual (1) (2)			Total TDRs
Non- FHA/VA Residential Mortgage loans			$	263,919		$	73,324		$	337,243
Commercial Mortgage Loans				84,419			69,156			153,575
Commercial and Industrial Loans				53,509			38,441			91,950
Construction Loans:
Land				1,000			4,325			5,325
Construction-commercial				-			3,924			3,924
Construction-residential				3,332			7,562			10,894
Consumer Loans - Auto				8,512			5,610			14,122
Finance Leases				2,275			85			2,360
Consumer Loans - Other				8,417			2,448			10,865
Total Troubled Debt Restructurings			$	425,383		$	204,875		$	630,258
-1	Included in non-accrual loans are $95.7 million in loans that are performing under the terms of the restructuring agreement but are reported in non-accrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and there is no doubt about full collectability.
-2	Excludes non-accrual TDRs held for sale with a carrying value of $45.9 million as of December 31, 2013.
TDRs exclude restructured mortgage loans that are government guaranteed (i.e., FHA/VA loans) in an amount totaling $76.9 million. The Corporation excludes government guaranteed loans from TDRs given that, in the event that the borrower defaults on the loan, the principal and interest (debenture rate) are guaranteed by the U.S. government; therefore, the risk of loss on these types of loans is very low. The Corporation does not consider loans with government guarantees to be impaired loans for the purpose of calculating the allowance for loan and lease losses.
Loan modifications that are considered TDRs completed during the quarter and six-month period ended June 30, 2014 and 2013 were as follows:
(Dollars in thousands)	Quarter ended June 30, 2014
	Number of contracts		Pre-modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans	91		$	11,017		$	10,264
Commercial Mortgage Loans	1			410			410
Commercial and Industrial Loans	7			21,114			21,114
Construction Loans:
Land	2			55			57
Construction-commercial	-			-			-
Construction-residential	-			-			-
Consumer Loans - Auto	92			1,408			1,393
Finance Leases	10			174			142
Consumer Loans - Other	313			1,457			1,430
Total Troubled Debt Restructurings	516		$	35,635		$	34,810
(Dollars in thousands)	Six-Month period ended June 30, 2014
	Number of contracts		Pre-modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans	138		$	18,726		$	17,975
Commercial Mortgage Loans	4			1,244			1,247
Commercial and Industrial Loans	12			29,078			28,744
Construction Loans:
Land	2			55			57
Construction-commercial	-			-			-
Construction-residential	-			-			-
Consumer Loans - Auto	209			3,013			2,998
Finance Leases	20			367			335
Consumer Loans - Other	742			3,416			3,389
Total Troubled Debt Restructurings	1,127		$	55,899		$	54,745
(Dollars in thousands)	Quarter ended June 30, 2013
	Number of contracts		Pre-modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans	40		$	3,335		$	3,335
Commercial Mortgage Loans	1			491			491
Commercial and Industrial Loans	1			1,165			1,165
Construction Loans:
Land	4			208			208
Consumer Loans - Auto	142			1,945			1,945
Finance Leases	19			416			416
Consumer Loans - Other	367			1,675			1,675
Total Troubled Debt Restructurings	574		$	9,235		$	9,235
(Dollars in thousands)	Six-Month period ended June 30, 2013
	Number of contracts		Pre-modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans	113		$	13,098		$	13,122
Commercial Mortgage Loans	1			491			491
Commercial and Industrial Loans	8			68,051			42,663
Construction Loans:
Land	4			208			208
Construction-residential	1			195			195
Consumer Loans - Auto	285			3,868			3,868
Finance Leases	38			729			729
Consumer Loans - Other	730			3,322			3,322
Total Troubled Debt Restructurings	1,180		$	89,962		$	64,598
Recidivism, or the borrower defaulting on its obligation pursuant to a modified loan, results in the loan once again becoming a non-performing loan. Recidivism occurs at a notably higher rate than do defaults on new origination loans, so modified loans present a higher risk of loss than do new origination loans. The Corporation considers a loan to have defaulted if the borrower has failed to make payments of either principal, interest, or both for a period of 90 days or more.
Loan modifications considered TDRs that defaulted during the quarters and six-month periods ended June 30, 2014 and June 30, 2013 and had become TDRs during the 12-months preceding the default date were as follows:
	Quarter ended June 30,
(Dollars in thousands)	2014					2013
	Number of contracts		Recorded Investment			Number of contracts		Recorded Investment
Non-FHA/VA Residential Mortgage loans	19		$	2,267		19		$	2,090
Commercial Mortgage Loans	-			-		-			-
Commercial and Industrial Loans	-			-		-			-
Construction Loans:
Land	1			46		2			66
Construction-commercial	-			-		-			-
Construction-residential	-			-		1			186
Consumer Loans - Auto	18			286		5			37
Consumer Loans - Other	53			205		35			137
Finance Leases	-			-		2			20
Total	91		$	2,804		64		$	2,536
	Six-Month Period Ended June 30,
(Dollars in thousands)	2014					2013
	Number of contracts		Recorded Investment			Number of contracts		Recorded Investment
Non-FHA/VA Residential Mortgage loans	33		$	4,819		64		$	9,615
Commercial Mortgage Loans	-			-		1			46,102
Commercial and Industrial Loans	-			-		2			3,829
Construction Loans:
Land	1			46		2			66
Construction-commercial	-			-		-			-
Construction-residential	-			-		1			186
Consumer Loans - Auto	22			325		7			54
Consumer Loans - Other	98			381		40			219
Finance Leases	-			-		2			20
Total	154		$	5,571		119		$	60,091
For certain TDRs, the Corporation splits the loans into two new notes, A and B notes. The A note is restructured to comply with the Corporation's lending standards at current market rates, and is tailored to suit the customer's ability to make timely interest and principal payments. The B note includes the granting of the concession to the borrower and varies by situation. The B note is charged off but the obligation is not forgiven to the borrower, and any payments collected are accounted for as recoveries. At the time of restructuring, the A note is identified and classified as a TDR. If the loan performs for at least six months according to the modified terms, the A note may be returned to accrual status. The borrower's payment performance prior to the restructuring is included in assessing whether the borrower can meet the new terms and may result in the loan being returned to accrual status at the time of the restructuring. In the periods following the calendar year in which a loan is restructured, the A note may no longer be reported as a TDR if it is on accrual, is in compliance with its modified terms, and yields a market rate (as determined and documented at the time of the restructuring).
The recorded investment in loans held for investment restructured using the A/B note restructure workout strategy was approximately $62.2 million at June 30, 2014. The following table provides additional information about the volume of this type of loan restructuring and the effect on the allowance for loan and lease losses in the first half of 2014 and 2013:
(In thousands)	30-Jun-14				30-Jun-13
Principal balance deemed collectible at end of period	$	62,159		$	93,451
Amount (recovery) charged off	$	-4,106		$	25,389
(Reductions) charges to the provision for loan losses	$	-4,725		$	2,318
Allowance for loan losses at end of period	$	942		$	3,339
Of the loans comprising the $62.2 million that have been deemed collectible, approximately $60.5 million were placed in accrual status as the borrowers have exhibited a period of sustained performance. These loans continue to be individually evaluated for impairment purposes.

ALLOWANCE_FOR_LOAN_AND_LEASE_L

ALLOWANCE FOR LOAN AND LEASE LOSSES	3 Months Ended
	Jun. 30, 2014
ALLOWANCE FOR LOAN AND LEASE LOSSES	'
	NOTE 7 – ALLOWANCE FOR LOAN AND LEASE LOSSES
	The changes in the allowance for loan and lease losses were as follows:
	(In thousands)		Residential Mortgage Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Construction Loans		Consumer Loans		Total
	Quarter ended June 30, 2014
	Allowance for loan and lease losses:
	Beginning balance		$	30,508	$	66,512	$	79,590	$	27,411	$	62,757	$	266,778
	Charge-offs			-4,987		-13,423		-19,452		-2,661		-18,531		-59,054
	Recoveries			300		4,297		416		55		1,641		6,709
	Provision (release)			3,934		-8,808		16,336		-3,513		18,795		26,744
	Ending balance		$	29,755	$	48,578	$	76,890	$	21,292	$	64,662	$	241,177
	Ending balance: specific reserve for impaired loans		$	16,464	$	16,317	$	22,745	$	8,962	$	3,870	$	68,358
	Ending balance: purchased credit-impaired loans		$	-	$	-	$	-	$	-	$	-	$	-
	Ending balance: general allowance		$	13,291	$	32,261	$	54,145	$	12,330	$	60,792	$	172,819
	Loans held for investment:
	Ending balance		$	2,795,159	$	1,813,930	$	2,647,478	$	148,266	$	2,062,268	$	9,467,101
	Ending balance: impaired loans		$	414,448	$	238,997	$	179,764	$	46,721	$	28,928	$	908,858
	Ending balance: purchased credit-impaired loans		$	99,997	$	3,447	$	-	$	-	$	2,176	$	105,620
	Ending balance: loans with general allowance		$	2,280,714	$	1,571,486	$	2,467,714	$	101,545	$	2,031,164	$	8,452,623
	(In thousands)		Residential Mortgage Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Construction Loans		Consumer Loans		Total
	Six-Month period ended June 30, 2014
	Allowance for loan and lease losses:
	Beginning balance		$	33,110	$	73,138	$	85,295	$	35,814	$	58,501	$	285,858
	Charge-offs			-11,409		-19,233		-41,911		-3,631		-36,577		-112,761
	Recoveries			369		4,332		1,079		672		2,969		9,421
	Provision (release)			7,685		-9,659		32,427		-11,563		39,769		58,659
	Ending balance		$	29,755	$	48,578	$	76,890	$	21,292	$	64,662	$	241,177
	Ending balance: specific reserve for impaired loans		$	16,464	$	16,317	$	22,745	$	8,962	$	3,870	$	68,358
	Ending balance: purchased credit-impaired loans		$	-	$	-	$	-	$	-	$	-	$	-
	Ending balance: general allowance		$	13,291	$	32,261	$	54,145	$	12,330	$	60,792	$	172,819
	Loans held for investment:
	Ending balance		$	2,795,159	$	1,813,930	$	2,647,478	$	148,266	$	2,062,268	$	9,467,101
	Ending balance: impaired loans		$	414,448	$	238,997	$	179,764	$	46,721	$	28,928	$	908,858
	Ending balance: purchased credit-impaired loans		$	99,997	$	3,447	$	-	$	-	$	2,176	$	105,620
	Ending balance: loans with general allowance		$	2,280,714	$	1,571,486	$	2,467,714	$	101,545	$	2,031,164	$	8,452,623
	(In thousands)		Residential Mortgage Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Construction Loans		Consumer Loans		Total
	Quarter ended June 30, 2013
	Allowance for loan and lease losses:
	Beginning balance		$	64,722	$	78,053	$	97,363	$	45,033	$	57,360	$	342,531
	Charge-offs			-5,956		-3,271		-6,488		-2,387		-16,350		-34,452
	Charge-offs related to bulk sale			-97,941		-		-		-31		-		-97,972
	Recoveries			479		18		968		50		1,961		3,476
	Provision (release)			74,277		2,522		5,274		-6,686		12,077		87,464
	Reclassification (1)			-		10,691		-9,440		-1,251		-		-
	Ending balance		$	35,581	$	88,013	$	87,677	$	34,728	$	55,048	$	301,047
	Ending balance: specific reserve for impaired loans		$	20,406	$	33,219	$	36,503	$	21,884	$	2,941	$	114,953
	Ending balance: purchased credit-impaired loans		$	-	$	-	$	-	$	-	$	-	$	-
	Ending balance: general allowance		$	15,175	$	54,794	$	51,174	$	12,844	$	52,107	$	186,094
	Loans held for investment:
	Ending balance		$	2,511,206	$	1,916,509	$	2,775,791	$	194,912	$	2,047,368	$	9,445,786
	Ending balance: impaired loans		$	384,062	$	212,983	$	206,932	$	76,483	$	27,785	$	908,245
	Ending balance: purchased credit-impaired loans		$	-	$	-	$	-	$	-	$	8,285	$	8,285
	Ending balance: loans with general allowance		$	2,127,144	$	1,703,526	$	2,568,859	$	118,429	$	2,011,298	$	8,529,256
	(In thousands)		Residential Mortgage Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Construction Loans		Consumer Loans		Total
	Six-Month period ended June 30, 2013
	Allowance for loan and lease losses:
	Beginning balance		$	68,354	$	97,692	$	146,900	$	61,600	$	60,868	$	435,414
	Charge-offs			-16,653		-19,270		-47,430		-28,246		-31,114		-142,713
	Charge-offs related to bulk sale			-98,972		-40,057		-44,678		-12,784		-		-196,491
	Recoveries			627		38		1,759		147		3,679		6,250
	Provision			82,225		38,919		40,566		15,262		21,615		198,587
	Reclassification (1)			-		10,691		-9,440		-1,251		-		-
	Ending balance		$	35,581	$	88,013	$	87,677	$	34,728	$	55,048	$	301,047
	Ending balance: specific reserve for impaired loans		$	20,406	$	33,219	$	36,503	$	21,884	$	2,941	$	114,953
Ending balance: purchased credit-impaired loans		$	-	$	-	$	-	$	-	$	-	$	-
Ending balance: general allowance		$	15,175	$	54,794	$	51,174	$	12,844	$	52,107	$	186,094
Loans held for investment:
Ending balance		$	2,511,206	$	1,916,509	$	2,775,791	$	194,912	$	2,047,368	$	9,445,786
Ending balance: impaired loans		$	384,062	$	212,983	$	206,932	$	76,483	$	27,785	$	908,245
Ending balance: purchased credit-impaired loans		$	-	$	-	$	-	$	-	$	8,285	$	8,285
Ending balance: loans with general allowance		$	2,127,144	$	1,703,526	$	2,568,859	$	118,429	$	2,011,298	$	8,529,256
-1	During the second quarter of 2013, after a comprehensive review of substantially all of the loans in our commercial portfolios, the classification of certain loans was revised to more accurately depict the nature of the underlying loans. This reclassification resulted in a net increase of $269.0 million in commercial mortgage loans, since the principal source of repayment for such loans is derived primarily from the operation of the underlying real estate, with a corresponding decrease of $246.8 million in commercial and industrial loans and $22.2 million decrease in construction loans. The Corporation evaluated the impact of this reclassification on the provision for loan losses and determined that the effect of this adjustment was not material to any previously reported results.
During the second quarter of 2014, the Corporation made certain enhancements to the general allowance estimation process for commercial loans which mainly consisted of the following:
Utilization of longer historical loss periods to better reflect the level of incurred losses in portfolio. Historical charge-off rates are calculated by the Corporation on a quarterly basis by tracking cumulative charge-offs experienced over a two year loss period on loans according to their internal risk rating (referred to as “base rate” for the quarter). Prior to the second quarter enhancements, the Corporation would use the base rate of the current quarter or the average of the last 4 quarters, if greater. During the second quarter of 2014, the Corporation eliminated the use of the “greater of” approach and adopted the utilization of the base rate average of the last 8 quarters. This change captures a longer historical period that would help mitigate period to period volatility in the loss rates.
Enhancements of the environmental factors adjustment. Prior to the second quarter enhancements, these adjustments were applied in the form of basis points additions to the loss ratio based on changes in credit and economic indicators observed in the most recent periods. During the second quarter of 2014, the resulting factor derived from a set of risk-based ratings and weights assigned to credit and economic indicators activity over a reasonable period is now applied to a developed expected range of historical losses, in order to adjust the base loss rates. These enhancements result in a framework that can be applied more consistently, by having a more granular analysis that better captures trends in economic conditions and the impact in the Corporation's portfolio.
In addition, the calculation of loss rates for asset classifications with limited or zero loss history was improved to consider these loans' migration experience.
The Corporation maintained a parallel computation of the general reserve for commercial loans. The enhancements to the general allowance estimation process resulted in a net decrease to the allowance for loan losses of $4.8 million as of the implementation date of May 31, 2014.
The bulk sale of approximately $217.7 million of adversely classified assets in the first quarter of 2013, mainly commercial loans, resulted in charge-offs of approximately $98.5 million. In determining the historical loss rate for the computation of the general reserve for commercial loans, the Corporation includes the portion of these charge-offs that was related to the acceleration of previously reserved credit losses amounting to approximately $39.9 million.  The Corporation considered that the portion not deemed to be credit-related losses was not indicative of the ultimate losses that may have occurred had the assets been resolved on an individual basis, over time and not in a steeply discounted bulk sale.  A transaction, such as this one, entered into to expedite the reduction of non-performing and adversely classified assets, can result in charge-offs that are not reflective of true credit-related charge-off history since there is a component related to the discounted value realized on a bulk sale basis. Accordingly, the Corporation concluded that it is reasonable to exclude the component related to the discounted value from its historical charge-off analysis used in estimating its allowance for loan losses.
As of June 30, 2014, the Corporation maintained a $0.2 million reserve for unfunded loan commitments mainly related to outstanding construction and commercial and industrial loan commitments. The reserve for unfunded loan commitments is an estimate of the losses inherent in off-balance sheet loan commitments to borrowers that are experiencing financial difficulties at the balance sheet date. It is calculated by multiplying an estimated loss factor by an estimated probability of funding, and then by the period-end amounts for unfunded commitments. The reserve for unfunded loan commitments is included as part of accounts payable and other liabilities in the consolidated statement of financial condition.

LOANS_HELD_FOR_SALE

LOANS HELD FOR SALE	3 Months Ended
	Jun. 30, 2014
LOANS HELD FOR SALE	'
	NOTE 8 – LOANS HELD FOR SALE
	The Corporation's loans held-for-sale portfolio was composed of:
		30-Jun-14		31-Dec-13
		(In thousands)
	Residential mortgage loans	$	17,350	$	21,168
	Construction loans		47,802		47,802
	Commercial mortgage loans		6,953		6,999
	Total	$	72,105	$	75,969
	Non-performing loans held for sale totaled $54.8 million ($7.0 million commercial mortgage and $47.8 million construction loans) as of June 30, 2014 and December 31, 2013.

DERIVATIVE_INSTRUMENTS_AND_HED

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	3 Months Ended
	Jun. 30, 2014
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	'
	NOTE 9 – DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
	One of the market risks facing the Corporation is interest rate risk, which includes the risk that changes in interest rates will result in changes in the value of the Corporation's assets or liabilities and the risk that net interest income from its loan and investment portfolios will be adversely affected by changes in interest rates. The overall objective of the Corporation's interest rate risk management activities is to reduce the variability of earnings caused by changes in interest rates.
	The Corporation designates a derivative as a fair value hedge, a cash flow hedge or an economic undesignated hedge when it enters into the derivative contract. As of June 30, 2014 and December 31, 2013, all derivatives held by the Corporation were considered economic undesignated hedges. These undesignated hedges are recorded at fair value with the resulting gain or loss recognized in current earnings.
	The following summarizes the principal derivative activities used by the Corporation in managing interest rate risk:
	Interest rate cap agreements - Interest rate cap agreements provide the right to receive cash if a reference interest rate rises above a contractual rate. The value increases as the reference interest rate rises. The Corporation enters into interest rate cap agreements for protection from rising interest rates.
	Interest rate swaps - Interest rate swap agreements generally involve the exchange of fixed and floating-rate interest payment obligations without the exchange of the underlying notional principal amount. As of June 30, 2014 and December 31, 2013, most of the interest rate swaps outstanding are used for protection against rising interest rates. Similar to unrealized gains and losses arising from changes in fair value, net interest settlements on interest rate swaps are recorded as an adjustment to interest income or interest expense depending on whether an asset or liability is being economically hedged.
	Forward Contracts - Forward contracts are sales of to-be-announced (“TBA”) mortgage-backed securities that will settle over the standard delivery date and do not qualify as “regular way” security trades. Regular-way security trades are contracts that have no net settlement provision and no market mechanism to facilitate net settlement and provide for delivery of a security within the time generally established by regulations or conventions in the market place or exchange in which the transaction is being executed. The forward sales are considered derivative instruments that need to be marked to market. These securities are used to economically hedge the FHA/VA residential mortgage loan securitizations of the mortgage-banking operations. Unrealized gains (losses) are recognized as part of mortgage banking activities in the Consolidated Statements of Income (Loss).
	To satisfy the needs of its customers, the Corporation may enter into nonhedging transactions. On these transactions, generally, the Corporation participates as a buyer in one of the agreements and as a seller in the other agreement under the same terms and conditions.
	In addition, the Corporation enters into certain contracts with embedded derivatives that do not require separate accounting as these are clearly and closely related to the economic characteristics of the host contract. When the embedded derivative possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract, it is bifurcated, carried at fair value, and designated as a trading or non-hedging derivative instrument.
	The following table summarizes the notional amounts of all derivative instruments:
		Notional Amounts
		As of			As of
		June 30,			December 31,
		2014			2013
		(In thousands)
	Undesignated economic hedges:
	Interest rate contracts:
	Interest rate swap agreements	$	30,859		$	31,080
	Written interest rate cap agreements		37,769			38,391
	Purchased interest rate cap agreements		37,769			38,391
	Forward Contracts:
	Sale of TBA GNMA MBS pools		17,000			25,000
		$	123,397		$	132,862
	Notional amounts are presented on a gross basis with no netting of offsetting exposure positions.
	The following table summarizes the fair value of derivative instruments and the location in the statement of financial condition:
		Asset Derivatives								Liability Derivatives
		Statement of		June 30,			December 31,					June 30,			December 31,
		Financial		2014			2013					2014			2013
		Condition Location		Fair Value			Fair Value			Statement of Financial Condition Location		Fair Value			Fair Value
		(In thousands)
	Undesignated economic hedges:
	Interest rate contracts:
	Interest rate swap agreements		Other assets		$	99		$	162		Accounts payable and other liabilities		$	3,328		$	3,965
	Written interest rate cap agreements		Other assets			-			-		Accounts payable and other liabilities			16			58
	Purchased interest rate cap agreements		Other assets			16			58		Accounts payable and other liabilities			-			-
	Forward Contracts:
	Sales of TBA GNMA MBS pools		Other assets			-			174		Accounts payable and other liabilities			228			-
				$	115		$	394				$	3,572		$	4,023
	The following table summarizes the effect of derivative instruments on the statement of income (loss):
				Gain (or Loss)								Gain (or Loss)
		Location of Gain or (loss)		Quarter Ended								Six-Month Period Ended
		Recognized in Income on		June 30,								June 30,
	(In thousands)	Derivatives		2014				2013				2014				2013
				(In thousands)
	Undesignated economic hedges:
	Interest rate contracts:
	Interest rate swap agreements used to hedge fixed-rate loans	Interest income - Loans		$		261		$	709			$		574		$	1,099
	Written and purchased interest rate cap agreements	Interest income - Loans				-			-1					-			9
	Forward contracts:
	Sales of TBA GNMA MBS pools	Mortgage banking activities				-237			971					-402			866
	Total gain on derivatives			$		24		$	1,679			$		172		$	1,974
	Derivative instruments, such as interest rate swaps, are subject to market risk. As is the case with investment securities, the market value of derivative instruments is largely a function of the financial market's expectations regarding the future direction of interest rates. Accordingly, current market values are not necessarily indicative of the future impact of derivative instruments on earnings. This will depend, for the most part, on the shape of the yield curve, the level of interest rates, as well as the expectations for rates in the future.
	A summary of interest rate swaps follows:
				As of			As of
				June 30,			December 31,
				2014			2013
					(Dollars in thousands)
	Pay fixed/receive floating :
	Notional amount			$	30,859		$	31,080
	Weighted-average receive rate at period end				1.84%			1.85%
	Weighted-average pay rate at period end				6.77%			6.77%
	Floating rates range from 167 to 187 basis points over 3-month LIBOR
		As of June 30, 2014, the Corporation has not entered into any derivative instrument containing credit-risk related contingent features.

OFFSETTING_OF_ASSETS_AND_LIABI

OFFSETTING OF ASSETS AND LIABILITIES	3 Months Ended
	Jun. 30, 2014
Text Block [Abstract]	'
OFFSETTING OF ASSETS AND LIABILITIES	'
	NOTE 10 – OFFSETTING OF ASSETS AND LIABILITIES
	The Corporation enters into master agreements with counterparties that may allow for netting of exposures in the event of default, primarily related to derivatives and repurchase agreements. In an event of default, each party has a right of set-off against the other party for the amounts owed in the related agreement and any other amount or obligation owed in respect of any other agreement or transaction between them. The following table presents information about the offsetting of financial assets and liabilities as well as derivative assets and liabilities:
	Offsetting of Financial Assets and Derivative Assets
	(In thousands)
	As of June 30, 2014
												Gross Amounts Not Offset in the Statement of Financial Position
									Net Amounts of Assets Presented in the Statement of Financial Position
			Gross Amounts of Recognized Assets			Gross Amounts Offset in the Statement of Financial Position
															Financial Instruments			Cash Collateral
																					Net Amount
	Description
	Derivatives		$	16		$	-		$	16		$	-16		$	-		$	-
	As of December 31, 2013
												Gross Amounts Not Offset in the Statement of Financial Position
									Net Amounts of Assets Presented in the Statement of Financial Position
			Gross Amounts of Recognized Assets			Gross Amounts Offset in the Statement of Financial Position
															Financial Instruments			Cash Collateral
																					Net Amount
	Description
	Derivatives		$	58		$	-		$	58		$	-58		$	-		$	-
	Offsetting of Financial Liabilities and Derivative Liabilities
	(In thousands)
	As of June 30, 2014
											Gross Amounts Not Offset in the Statement of Financial Position
								Net Amounts of Liabilities Presented in the Statement of Financial Position
		Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Statement of Financial Position
														Financial Instruments			Cash Collateral
																				Net Amount
	Description
	Derivatives		$	3,328		$	-		$	3,328		$	-3,328		$	-		$	-
	Repurchase agreements			600,000			-			600,000			-600,000			-			-
	Total		$	603,328		$	-		$	603,328		$	-603,328		$	-		$	-
	As of December 31, 2013
											Gross Amounts Not Offset in the Statement of Financial Position
								Net Amounts of Liabilities Presented in the Statement of Financial Position
		Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Statement of Financial Position
														Financial Instruments			Cash Collateral
																				Net Amount
	Description
	Derivatives
			$	3,965		$	-		$	3,965		$	-3,965		$	-		$	-
	Repurchase agreements			600,000			-			600,000			-600,000			-			-
	Total		$	603,965		$	-		$	603,965		$	-603,965		$	-		$	-

GOODWILL_AND_OTHER_INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	3 Months Ended
	Jun. 30, 2014
GOODWILL AND OTHER INTANGIBLES	'
	NOTE 11 – GOODWILL AND OTHER INTANGIBLES
	Goodwill as of June 30, 2014 and December 31, 2013 amounted to $28.1 million, recognized as part of “Other Assets” in the consolidated statement of financial condition. The Corporation conducted its annual evaluation of goodwill and intangibles during the fourth quarter of 2013.
	The Corporation bypassed the qualitative assessment in 2013 and proceeded directly to perform the first step of the two-step goodwill impairment test. The Step 1 evaluation of goodwill allocated to the Florida reporting unit under both valuation approaches (market and discounted cash flow analysis) indicated that the fair value of the unit was above the carrying amount of its equity book value as of the valuation date (October 1); therefore, the completion of Step 2 was not required. Based on the analysis under both the market and discounted cash flow analysis, the estimated fair value of the equity of the reporting unit exceeded the carrying amount of the entity, including goodwill at the evaluation date. There have been no events related to the Florida reporting unit that could indicate potential goodwill impairment since the date of the last evaluation; therefore, no goodwill impairment evaluation was performed during the first six months of 2014. Goodwill and other indefinite life intangibles are reviewed at least annually for impairment.
	In connection with the acquisition of the FirstBank-branded credit card loan portfolio in the second quarter of 2012, the Corporation recognized a purchased credit card relationship intangible of $24.5 million, which is being amortized over 7.5 years on an accelerated basis based on the estimated attrition rate of the purchased credit card accounts, which reflects the pattern in which the economic benefits of the intangible asset are consumed. These benefits are consumed as the revenue stream generated by the cardholder relationship is realized.
	The following table shows the gross amount and accumulated amortization of the Corporation’s intangible assets recognized as part of Other Assets in the consolidated statement of financial condition:
		As of		As of
		June 30,		December 31,
		2014		2013
	(Dollars in thousands)
	Core deposit intangible:
	Gross amount	$	45,844	$	45,844
	Accumulated amortization		-39,644		-38,863
	Net carrying amount	$	6,200	$	6,981
	Remaining amortization period		8.9 years		9.8 years
	Purchased credit card relationship intangible:
	Gross amount	$	24,465	$	24,465
	Accumulated amortization		-6,385		-4,678
	Net carrying amount	$	18,080	$	19,787
	Remaining amortization period		7.5 years		8.0 years
	For the quarter and six-month period ended June 30, 2014, the amortization expense of core deposit intangibles amounted to $0.4 million and $0.8 million, respectively (2013 - $0.6 million and $1.2 million). For the quarter and six-month period ended June 30, 2014, the amortization expense of the purchased credit card relationship intangible amounted to $0.9 million and $1.7 million, respectively (2013 - $0.9 million and $1.9 million).

NONCONSOLIDATED_VARIABLE_INTER

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS	3 Months Ended
	Jun. 30, 2014
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS	'
	NOTE 12 – NON CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS
	The Corporation transfers residential mortgage loans in sale or securitization transactions in which it has continuing involvement, including servicing responsibilities and guarantee arrangements. All such transfers have been accounted for as sales as required by applicable accounting guidance.
	When evaluating transfers and other transactions with Variable Interest Entities (“VIEs”) for consolidation, the Corporation first determines if the counterparty is an entity for which a variable interest exists. If no scope exception is applicable and a variable interest exists, the Corporation then evaluates if it is the primary beneficiary of the VIE and whether the entity should be consolidated or not.
	Below is a summary of transfers of financial assets to VIEs for which the Corporation has retained some level of continuing involvement:
	Ginnie Mae
	The Corporation typically transfers first lien residential mortgage loans in conjunction with GNMA securitization transactions in which the loans are exchanged for cash or securities that are readily redeemed for cash proceeds and servicing rights. The securities issued through these transactions are guaranteed by the issuer and, as such, under seller/servicer agreements, the Corporation is required to service the loans in accordance with the issuers' servicing guidelines and standards. As of June 30, 2014, the Corporation serviced loans securitized through GNMA with a principal balance of $1.1 billion.
	Trust Preferred Securities
	In 2004, FBP Statutory Trust I, a financing subsidiary of the Corporation, sold to institutional investors $100 million of its variable rate trust-preferred securities. The proceeds of the issuance, together with the proceeds of the purchase by the Corporation of $3.1 million of FBP Statutory Trust I variable rate common securities, were used by FBP Statutory Trust I to purchase $103.1 million aggregate principal amount of the Corporation's Junior Subordinated Deferrable Debentures. Also in 2004, FBP Statutory Trust II, a statutory trust that is wholly owned by the Corporation, sold to institutional investors $125 million of its variable rate trust-preferred securities. The proceeds of the issuance, together with the proceeds of the purchase by the Corporation of $3.9 million of FBP Statutory Trust II variable rate common securities, were used by FBP Statutory Trust II to purchase $128.9 million aggregate principal amount of the Corporation's Junior Subordinated Deferrable Debentures. The debentures are presented in the Corporation's consolidated statement of financial condition as Other Borrowings, net of related issuance costs. The variable rate trust-preferred securities are fully and unconditionally guaranteed by the Corporation. The $100 million Junior Subordinated Deferrable Debentures issued by the Corporation in April 2004 and the $125 million issued in September 2004 mature on June 17, 2034 and September 20, 2034, respectively; however, under certain circumstances, the maturity of Junior Subordinated Deferrable Debentures may be shortened (such shortening would result in a mandatory redemption of the variable rate trust-preferred securities). The trust-preferred securities, subject to certain limitations, qualify as Tier I regulatory capital under current applicable rules and regulations. The Collins Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act eliminates certain trust-preferred securities from Tier 1 Capital. Bank Holding Companies, such as the Corporation, must fully phase out these instruments from Tier I capital by January 1, 2016 (25% allowed in 2015 and 0% in 2016); however, these instruments may remain in Tier 2 capital until the instruments are redeemed or mature.
	Grantor Trusts
	During 2004 and 2005, a third party to the Corporation, from now on identified as the seller, established a series of statutory trusts to effect the securitization of mortgage loans and the sale of trust certificates. The seller initially provided the servicing for a fee, which is senior to the obligations to pay trust certificate holders.
	The seller then entered into a sales agreement through which it sold and issued the trust certificates in favor of the Corporation's banking subsidiary. Currently, the Bank is the sole owner of the trust certificates; the servicing of the underlying residential mortgages that generate the principal and interest cash flows is performed by another third party, which receives a servicing fee. The securities are variable rate securities indexed to 90-day LIBOR plus a spread. The principal payments from the underlying loans are remitted to a paying agent (servicer) who then remits interest to the Bank; interest income is shared to a certain extent with the FDIC, which has an interest only strip (“IO”) tied to the cash flows of the underlying loans and is entitled to receive the excess of the interest income less a servicing fee over the variable rate income that the Bank earns on the securities. This IO is limited to the weighted average coupon of the securities. The FDIC became the owner of the IO upon the intervention of the seller, a failed financial institution. No recourse agreement exists and the risk from losses on non accruing loans and repossessed collateral is absorbed by the Bank as the sole holder of the certificates. As of June 30, 2014, the amortized balance and carrying value of Grantor Trusts amounted to $51.2 million and $38.1 million, respectively, with a weighted average yield of 2.21%.
	Investment in unconsolidated entity
	On February 16, 2011, FirstBank sold an asset portfolio consisting of performing and non-performing construction, commercial mortgage and commercial and industrial loans with an aggregate book value of $269.3 million to CPG/GS, an entity organized under the laws of the Commonwealth of Puerto Rico and majority owned by PRLP Ventures LLC ("PRLP"), a company created by Goldman, Sachs & Co. and Caribbean Property Group. In connection with the sale, the Corporation received $88.5 million in cash and a 35% interest in CPG/GS, and made a loan in the amount of $136.1 million representing seller financing provided by FirstBank. The loan had a seven-year maturity and bears variable interest at 30-day LIBOR plus 300 basis points and is secured by a pledge of all of the acquiring entity's assets as well as the PRLP's 65% ownership interest in CPG/GS. As of June 30, 2014, the carrying amount of the loan was $39.2 million, which was included in the Corporation's Commercial and Industrial loans held for investment portfolio. FirstBank's equity interest in CPG/GS is accounted for under the equity method and included as part of Investment in unconsolidated entity in the Consolidated Statements of Financial Condition. When applying the equity method, the Bank follows the Hypothetical Liquidation Book Value method (“HLBV”) to determine its share of CPG/GS's earnings or loss. Under HLBV, the Bank determines its share of CPG/GS's earnings or loss by determining the difference between its “claim on CPG/GS's book value” at the end of the period as compared to the beginning of the period. This claim is calculated as the amount the Bank would receive if CPG/GS were to liquidate all of its assets at recorded amounts determined in accordance with GAAP and distribute the resulting cash to the investors, PRLP and FirstBank, according to their respective priorities as provided in the contractual agreement. The Bank reports its share of CPG/GS's operating results on a one-quarter lag basis. In addition, as a result of using HLBV, the difference between the Bank's investment in CPG/GS and its claim on the book value of CPG/GS at the date of the investment, known as the basis difference, is amortized over the estimated life of the investment, or five years. CPG/GS records its loans receivable under the fair value option. Equity in loss of unconsolidated entity for the six month period ended June 30, 2014 of $7.3 million includes $1.8 million related to the amortization of the basis differential, compared to equity in loss of unconsolidated entity of $4.9 million for the first six months of 2013. The loss recorded in 2014 reduced to zero the carrying amount of the Bank's investment in CPG/GS. No negative investment needs to be reported as the Bank has no legal obligation or commitment to provide further financial support to this entity; thus, no further losses will be recorded on this investment. Any potential increase in the carrying value of the investment in CPG/GS, under the HLBV method, would depend upon how better off the Bank is at the end of the period than it was at the beginning of the period after the waterfall calculation performed to determine the amount of gain allocated to the investors.
	FirstBank also provided an $80 million advance facility to CPG/GS to fund unfunded commitments and costs to complete projects under construction, which was fully disbursed in 2011, and a $20 million working capital line of credit to fund certain expenses of CPG/GS. During 2013, the working capital line of credit was renewed and reduced to $7 million for a period of two years expiring September 2015.
	During 2012, CPG/GS repaid the outstanding balance of the advance facility to fund unfunded commitments, and the funds became available to redraw under a one-time revolver agreement. These loans bear variable interest at 30-day LIBOR plus 300 basis points. As of June 30, 2014, the carrying value of the revolver agreement and working capital line was $34.1 million and $0, respectively, which was included in the Corporation's commercial and industrial loans held for investment portfolio.
	Cash proceeds received by CPG/GS are first used to cover operating expenses and debt service payments, including the note receivable, the advance facility, and the working capital line, described above, which must be substantially repaid before proceeds can be used for other purposes, including the return of capital to both PRLP and FirstBank. FirstBank will not receive any return on its equity interest until PRLP receives an aggregate amount equivalent to its initial investment and a priority return of at least 12%, resulting in FirstBank's interest in CPG/GS being subordinate to PRLP's interest. CPG/GS will then begin to make payments pro rata to PRLP and FirstBank, 35% and 65%, respectively, until FirstBank has achieved a 12% return on its invested capital and the aggregate amount of distributions is equal to FirstBank's capital contributions to CPG/GS.
	The Bank has determined that CPG/GS is a VIE in which the Bank is not the primary beneficiary. In determining the primary beneficiary of CPG/GS, the Bank considered applicable guidance that requires the Bank to qualitatively assess the determination of the primary beneficiary (or consolidator) of CPG/GS based on whether it has both the power to direct the activities of CPG/GS that most significantly impact the entity's economic performance and the obligation to absorb losses of CPG/GS that could potentially be significant to the VIE or the right to receive benefits from the entity that could potentially be significant to the VIE.
	The Bank determined that it does not have the power to direct the activities that most significantly impact the economic performance of CPG/GS as it does not have the right to manage the loan portfolio, impact foreclosure proceedings, or manage the construction and sale of the property; therefore, the Bank concluded that it is not the primary beneficiary of CPG/GS. As a creditor to CPG/GS, the Bank has certain rights related to CPG/GS; however, these are intended to be protective in nature and do not provide the Bank with the ability to manage the operations of CPG/GS. Since CPG/GS is not a consolidated subsidiary of the Bank and the transaction met the criteria for sale accounting under authoritative guidance, the Bank accounted for this transaction as a true sale, recognizing the cash received, the notes receivable, and the interest in CPG/GS and derecognizing the loan portfolio sold.
	The following table shows summarized unaudited income statement information of CPG/GS for the quarters and six-month periods ended June 30, 2014 and 2013:
		Quarter Ended						Six-Month Period Ended
		June 30,			June 30,			June 30,			June 30,
		2014			2013			2014			2013
		(In thousands)						(In thousands)
	Revenues, including net realized gains on sale of
	investments in loans and OREO	$	2,118		$	1,040		$	2,869		$	1,719
	Gross (loss) profit	$	-455		$	-1,893		$	-1,963		$	-3,668
	Net (loss) income	$	-2,355		$	-3,877		$	-4,802		$	2,193
	Servicing Assets
	The Corporation is actively involved in the securitization of pools of FHA-insured and VA-guaranteed mortgages for issuance of GNMA mortgage-backed securities. Also, certain conventional conforming loans are sold to FNMA or FHLMC with servicing retained. The Corporation recognizes as separate assets the rights to service loans for others, whether those servicing assets are originated or purchased.
	The changes in servicing assets are shown below:
			Quarter ended						Six-Month period ended
			June 30,						June 30,
			2014			2013			2014			2013
			(In thousands)
	Balance at beginning of period		$	22,026		$	18,717		$	21,987		$	17,524
	Capitalization of servicing assets			1,017			2,094			2,069			3,814
	Amortization			-790			-796			-1,573			-1,586
	Adjustment to fair value			39			277			-180			557
	Other (1)			-22			-313			-33			-330
	Balance at end of period		$	22,270		$	19,979		$	22,270		$	19,979
	-1	Amount represents the adjustment to fair value related to the repurchase of loans serviced for others.
	Impairment charges are recognized through a valuation allowance for each individual stratum of servicing assets. The valuation allowance is adjusted to reflect the amount, if any, by which the cost basis of the servicing asset for a given stratum of loans being serviced exceeds its fair value. Any fair value in excess of the cost basis of the servicing asset for a given stratum is not recognized.
	Changes in the impairment allowance related to servicing assets were as follows:
		Quarter ended						Six-Month Period Ended
		June 30,						June 30,
		2014			2013			2014			2013
		(In thousands)
	Balance at beginning of period	$	431		$	392		$	212		$	672
	Temporary impairment charges		24			75			243			115
	Recoveries		-63			-352			-63			-672
	Balance at end of period	$	392		$	115		$	392		$	115
		The components of net servicing income are shown below:
			Quarter ended						Six-Month Period Ended
			June 30,						June 30,
			2014			2013			2014			2013
			(In thousands)
	Servicing fees		$	1,689		$	2,096		$	3,360		$	3,613
	Late charges and prepayment penalties			177			218			341			431
	Adjustment for loans repurchased			-22			-313			-33			-330
	Other (1)			-689			-148			-1,047			-148
	Servicing income, gross			1,155			1,853			2,621			3,566
	Amortization and impairment of servicing assets			-751			-519			-1,753			-1,029
	Servicing income, net		$	404		$	1,334		$	868		$	2,537
-1	Mainly consisted of compensatory fees imposed by GSEs and losses related to representations and warranties.
The Corporation’s servicing assets are subject to prepayment and interest rate risks. Key economic assumptions used in determining the fair value at the time of sale ranged as follows:
	Maximum			Minimum
Six-Month Period Ended June 30, 2014:
Constant prepayment rate:
Government guaranteed mortgage loans	9.6	%		9.1	%
Conventional conforming mortgage loans	9.4	%		8.9	%
Conventional non-conforming mortgage loans	13.4	%		12.7	%
Discount rate:
Government guaranteed mortgage loans	11.5	%		11.5	%
Conventional conforming mortgage loans	9.5	%		9.5	%
Conventional non-conforming mortgage loans	13.9	%		13.8	%
Six-Month Period Ended June 30, 2013:
Constant prepayment rate:
Government guaranteed mortgage loans	10.5	%		9.1	%
Conventional conforming mortgage loans	10.9	%		9.4	%
Conventional non-conforming mortgage loans	14.3	%		13.5	%
Discount rate:
Government guaranteed mortgage loans	12	%		12	%
Conventional conforming mortgage loans	10	%		10	%
Conventional non-conforming mortgage loans	14.3	%		14.3	%
As of June 30, 2014, fair values of the Corporation's servicing assets were based on a valuation model that incorporates market driven assumptions regarding discount rates and mortgage prepayment rates, adjusted by the particular characteristics of the Corporation's servicing portfolio. The weighted-averages of the key economic assumptions used by the Corporation in its valuation model and the sensitivity of the current aggregate fair value to immediate 10% and 20% adverse changes in those assumptions for mortgage loans as of June 30, 2014 were as follows:
	(Dollars in thousands)
Carrying amount of servicing assets	$	22,270
Fair value	$	24,917
Weighted-average expected life (in years)		9.15
Constant prepayment rate (weighted-average annual rate)		9.78%
Decrease in fair value due to 10% adverse change	$	953
Decrease in fair value due to 20% adverse change	$	1,846
Discount rate (weighted-average annual rate)		10.62%
Decrease in fair value due to 10% adverse change	$	1,045
Decrease in fair value due to 20% adverse change	$	2,009
These sensitivities are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10% variation in assumptions generally cannot be extrapolated because the relationship between the change in assumption and the change in fair value may not be linear. Also, in this table, the effect of a variation in a particular assumption on the fair value of the servicing asset is calculated without changing any other assumption; in reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments), which may magnify or counteract the sensitivities.

DEPOSITS

DEPOSITS	3 Months Ended
	Jun. 30, 2014
DEPOSITS	'
	NOTE 13 – DEPOSITS
	The following table summarizes deposit balances:
		June 30,			December 31,
		2014		2013
		(In thousands)
	Type of account:
	Non-interest bearing checking accounts	$	851,038	$	851,212
	Savings accounts		2,387,743		2,334,831
	Interest-bearing checking accounts		1,079,843		1,167,480
	Certificates of deposit		2,215,263		2,384,378
	Brokered CDs		3,096,901		3,142,023
		$	9,630,788	$	9,879,924
	Brokered CDs mature as follows:
		June 30,
		2014
		(In thousands)
	Three months or less	$	547,506
	Over three months to six months		475,447
	Over six months to one year		757,172
	One to three years		1,164,461
	Three to five years		116,314
	Over five years		36,001
	Total	$	3,096,901
	The following are the components of interest expense on deposits:
		Quarter Ended				Six-Month Period Ended
		June 30,				June 30,
		2014			2013	2014			2013
		(In thousands)				(In thousands)
	Interest expense on deposits	$	17,750	$	21,891	$	36,264	$	45,280
	Amortization of broker placement fees		1,716		2,027		3,501		4,182
	Interest expense on deposits	$	19,466	$	23,918	$	39,765	$	49,462

SECURITIES_SOLD_UNDER_AGREEMEN

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	3 Months Ended
	Jun. 30, 2014
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	'
	NOTE 14 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
	Securities sold under agreements to repurchase (repurchase agreements) consist of the following:
			June 30,			December 31,
			2014 (1)			2013
			(Dollars in thousands)
	Repurchase agreements, interest rates ranging from 2.45% to 3.31%
	(December 31, 2013 - 2.45% to 3.32%)		$	900,000		$	900,000
	-1	As of June 30, 2014, includes $800 million with an average rate of 2.84% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2014. Subsequent to June 30, 2014, no lender has exercised its call option on repurchase agreements. Also includes $700 million that is currently tied to variable rates.
	Repurchase agreements mature as follows:
				30-Jun-14
				(In thousands)
		Over one year to three years		$	600,000
		Three to five years			300,000
		Total		$	900,000
	As of June 30, 2014 and December 31, 2013, the securities underlying such agreements were delivered to the dealers with which the repurchase agreements were transacted.
	Repurchase agreements as of June 30, 2014, grouped by counterparty, were as follows:
		(Dollars in thousands)					Weighted-Average
		Counterparty		Amount			Maturity (In Months)
		Citigroup Global Markets		$	300,000		28
		JP Morgan Chase			200,000		32
		Dean Witter / Morgan Stanley			100,000		40
		Credit Suisse First Boston			300,000		42
				$	900,000

ADVANCES_FROM_THE_FEDERAL_HOME

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB)	3 Months Ended
	Jun. 30, 2014
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB)	'
	NOTE 15 – ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB)
	The following is a summary of the advances from the FHLB:
			June 30,		December 31,
			2014		2013
			(Dollars in thousands)
		Fixed-rate advances from FHLB, with a weighted-
		average interest rate of 1.07%	$	320,000	$	300,000
	Advances from FHLB mature as follows:
			June 30,
			2014
			(In thousands)
		One to thirty days	$	20,000
		Over one year to three years		100,000
		Over three years		200,000
		Total	$	320,000
	As of June 30, 2014, the Corporation had additional capacity of approximately $396.8 million on this credit facility based on collateral pledged at the FHLB, including a haircut reflecting the perceived risk associated with holding the collateral.

OTHER_BORROWINGS

OTHER BORROWINGS	3 Months Ended
	Jun. 30, 2014
OTHER BORROWINGS	'
	NOTE 16 – OTHER BORROWINGS
	Other borrowings consist of:
		June 30,		December 31,
		2014		2013
		(In thousands)
	Junior subordinated debentures due in 2034,
	interest-bearing at a floating rate of 2.75%
	over 3-month LIBOR (2.98% as of June 30, 2014
	and 2.99% as of December 31, 2013)	$	103,093	$	103,093
	Junior subordinated debentures due in 2034,
	interest-bearing at a floating rate of 2.50%
	over 3-month LIBOR (2.73% as of June 30, 2014
	and 2.75% as of December 31, 2013)		128,866		128,866
		$	231,959	$	231,959

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Jun. 30, 2014
STOCKHOLDERS' EQUITY	'
	NOTE 17 – STOCKHOLDERS' EQUITY
	Common Stock
	As of June 30, 2014 and December 31, 2013, the Corporation had 2,000,000,000 authorized shares of common stock with a par value of $0.10 per share. As of June 30, 2014 and December 31, 2013, there were 213,399,037 and 207,635,157 shares issued, respectively, and 212,760,158 and 207,068,978 shares outstanding, respectively. On July 30, 2009, the Corporation announced the suspension of common and preferred stock dividends effective with the preferred dividend for the month of August 2009.
	In April 2014 the Corporation awarded 210,840 shares of restricted stock under the Omnibus Plan to the independent directors, subject to a one-year vesting period. Also in the first half of 2014, the Corporation granted 810,138 shares of restricted stock to certain senior officers and certain other employees. The restrictions on such restricted stock will lapse with respect to 50% over a two-year period and 50% over a three-year period. Included in the 810,138 shares of restricted stock are 653,138 shares granted to certain senior officers consistent with the requirements of TARP. In addition, in 2014, the Corporation issued 147,781 shares of common stock as increased compensation to certain executive officers. As of June 30, 2014 and December 31, 2013, there were 2,328,840 and 1,411,185 shares of unvested restricted stock outstanding. During the first six months of 2014, 2,000 shares of restricted stock were forfeited and the restrictions on 101,323 shares of restricted stock lapsed. Refer to Note 3 for additional details.
	Preferred Stock
	The Corporation has 50,000,000 authorized shares of preferred stock with a par value of $1, redeemable at the Corporation's option subject to certain terms. This stock may be issued in series and the shares of each series will have such rights and preferences as are fixed by the Board of Directors when authorizing the issuance of that particular series. As of June 30, 2014, the Corporation has five outstanding series of non-convertible, non-cumulative preferred stock: 7.125% non-cumulative perpetual monthly income preferred stock, Series A; 8.35% non-cumulative perpetual monthly income preferred stock, Series B; 7.40% non-cumulative perpetual monthly income preferred stock, Series C; 7.25% non-cumulative perpetual monthly income preferred stock, Series D; and 7.00% non-cumulative perpetual monthly income preferred stock, Series E. The liquidation value per share is $25.
	Effective January 17, 2012, the Corporation delisted all of its outstanding series of non-convertible, non-cumulative preferred stock from the New York Stock Exchange. The Corporation has not arranged for listing and/or registration on another national securities exchange or for quotation of the Series A through E Preferred Stock in a quotation medium.
	In the first six months of 2014, the Corporation issued an aggregate of 4,597,121 shares of its common stock in exchange for an aggregate of 1,077,726 shares of the Corporation's Series A through E Preferred Stock, having an aggregate liquidation value of $26.9 million. The shares of common stock were issued to holders of the Series A through E Preferred Stock in separate and unrelated transactions in reliance upon the exemption set forth in Section 3(a)(9) of the Securities Act of 1933, as amended, for securities exchanged by an issuer with existing security holders where no commission or other remuneration is paid or given directly or indirectly by the issuer for soliciting such exchange. The carrying (liquidation) value of the Series A through E preferred stock exchanged, or $26.9 million, was reduced, and common stock and additional paid-in capital was increased in the amount of the fair value of the common stock issued. The Corporation recorded the par value of the shares issued as common stock ($0.10 per common share) or $0.5 million. The excess of the common stock fair value over the par value, or $23.9 million, was recorded in additional paid-in capital. The excess of the carrying amount of the shares of preferred stock over the fair value of the shares of common stock, or $1.7 million, was recorded as an increase to retained earnings and an increase in earnings per common share computation.
	The results of the exchange with respect to Series A through E preferred stock were as follows:
				Shares of		Shares of	Aggregate
				preferred		preferred	liquidation
				stock	Shares of	stock	preference		Shares of
			Liquidation	outstanding	preferred	outstanding	after		common
			preference	prior to	stock	after	exchange		stock
			per share	exchange	exchanged	exchange	(in thousands)		issued
	Title of Securities
	7.125% Noncumulative Perpetual
	Monthly Income Preferred
	Stock, Series A	$	25	450,195	252,809	197,386	$	4,935	1,081,652
	8.35% Noncumulative Perpetual
	Monthly Income Preferred
	Stock, Series B	$	25	475,987	179,841	296,146		7,404	769,379
	7.40% Noncumulative Perpetual
	Monthly Income Preferred
	Stock, Series C	$	25	460,611	210,759	249,852		6,246	890,830
	7.25% Noncumulative Perpetual
	Monthly Income Preferred
	Stock, Series D	$	25	510,592	225,070	285,522		7,138	961,724
	7.00% Noncumulative Perpetual
	Monthly Income Preferred
	Stock, Series E	$	25	624,487	209,247	415,240		10,381	893,536
				2,521,872	1,077,726	1,444,146	$	36,104	4,597,121
	Treasury stock
	During the first six months of 2014, the Corporation withheld an aggregate of 72,700 shares of the common stock paid to certain senior officers as additional compensation and of the restricted stock that vested during 2014 to cover employees' payroll and income tax withholding liabilities; these shares are also held as treasury shares. As of June 30, 2014 and December 31, 2013, the Corporation had 638,879 and 566,179 shares held as treasury stock, respectively.
	FirstBank Statutory Reserve (Legal Surplus)
	The Banking Law of the Commonwealth of Puerto Rico requires that a minimum of 10% of FirstBank's net income for the year be transferred to legal surplus until such surplus equals the total of paid-in-capital on common and preferred stock. Amounts transferred to the legal surplus account from the retained earnings account are not available for distribution to the stockholders without the prior consent of the Puerto Rico Commissioner of Financial Institutions. The net loss experienced in 2013 exhausted FirstBank's statutory reserve fund. The Puerto Rico Banking Law provides that when the expenditures of a Puerto Rico commercial bank are greater than receipts, the excess of the expenditures over receipts shall be charged against the undistributed profits of the bank, and the balance, if any, shall be charged against the reserve fund, as a reduction thereof. If there is no reserve fund sufficient to cover such balance in whole or in part, the outstanding amount shall be charged against the capital account and the Bank cannot pay dividends until it can replenish the reserve fund to an amount of at least 20% of the original capital contributed.

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Jun. 30, 2014
INCOME TAXES	'
	NOTE 18 - INCOME TAXES
	Income tax expense includes Puerto Rico and Virgin Islands income taxes as well as applicable U.S. federal and state taxes. The Corporation is subject to Puerto Rico income tax on its income from all sources. As a Puerto Rico corporation, First BanCorp. is treated as a foreign corporation for U.S. income tax purposes and is generally subject to United States income tax only on its income from sources within the United States or income effectively connected with the conduct of a trade or business within the United States. Any such tax paid is also creditable against the Corporation's Puerto Rico tax liability, subject to certain conditions and limitations.
	Under the Puerto Rico Internal Revenue Code of 2011, as amended (the “2011 PR Code”), the Corporation and its subsidiaries are treated as separate taxable entities and are not entitled to file consolidated tax returns and, thus, the Corporation is not able to utilize losses from one subsidiary to offset gains in another subsidiary. Accordingly, in order to obtain a tax benefit from a NOL, a particular subsidiary must be able to demonstrate sufficient taxable income within the applicable carry forward period. The 2011 PR Code provides a dividend received deduction of 100% on dividends received from “controlled” subsidiaries subject to taxation in Puerto Rico and 85% on dividends received from other taxable domestic corporations.
	On June 30, 2013, the Puerto Rico Government approved Act No. 40 (“Act 40”), known as the “Tax Burden Adjustment and Redistribution Act”, which amended the 2011 PR Code, and Act No. 46 (“Act 46”), which bring changes to the sales and use tax regime. The main provisions of Act 40 that impact financial institutions are:
	A new national gross receipts tax that in the case of financial institutions is 1% of gross income that is not deductible for purposes of computing net taxable income and is not part of the alternative minimum tax (“AMT”). This provision was retroactive to January 1, 2013. The national gross receipts tax expense for the quarter and six-month period ended June 30, 2014 amounted to $1.4 million and $2.8 million, respectively, compared to $3.2 million recorded for the second quarter of 2013 ($1.6 million of such charge corresponded to the first quarter of 2013 and was recorded in the second quarter of 2013 upon enactment of Act 40, which was retroactive to January 1, 2013). This expense is included as part of “Taxes, other than income taxes” in the consolidated statement of income (loss). Subject to certain limitations, a financial institution will be able to claim a credit of 0.5% of its gross income against its regular income tax or the AMT. A benefit related to this credit of $0.7 million and $1.4 million was recorded as a reduction to the provision for income taxes in the second quarter and first half of 2014, respectively, compared to the benefit of $1.6 million recorded in the second quarter of 2013.
	A decrease in the deduction available to corporations for the computation of the additional surtax from $750,000 to $25,000 and a change in the surtax rate to rates that range from 5% to 19%, resulting in an increase in the maximum statutory tax rate from 30% to 39%. This provision was also retroactive to January 1, 2013.
	A higher AMT rate (30% of the alternative minimum net income, as compared to 20% previously) and various parallel computations required to be made before determining whether an AMT liability exists.
	The NOL carryover period increased from 10 years to 12 years for losses incurred in taxable years that commenced after December 31, 2004 and ended before January 1, 2013. The carryover period for NOLs incurred during taxable years commencing after December 31, 2012 is 10 years. The NOL deduction is now limited to 90% of taxable income for regular income tax purposes and 80% for AMT purposes.
	Significant changes to the sales and use tax regime include adjustments to the Business to Business exclusion. The business to business exclusion applicable to services rendered from one registered business to another registered business remains in effect, except for certain services that will be taxable, including, among others, service charges imposed by financial institutions on other businesses (commercial clients), collection services, repairs and maintenance services of real and personal property, and computer programming services, including modifications to previously designed systems. The sales and use tax provisions were effective beginning on July 1, 2013.
	On October 14, 2013, the Governor of Puerto Rico signed into law Act No. 117 (“Act 117”) providing additional changes and transitional provisions in connection with Act 40.  In relation to the national gross receipts tax, Act 117 clarifies, among other things, that gross income subject to the special tax does not include the following:
	Dividends received from a 100% controlled domestic subsidiary. During the first half of 2014, no dividends subject to this exception were received by any of the Corporation's entities.
	Income attributable to a trade or business outside of Puerto Rico.
	The Corporation has maintained an effective tax rate lower than the maximum statutory rate mainly by investing in government obligations and mortgage-backed securities exempt from U.S. and Puerto Rico income taxes and by doing business through an International Banking Entity (“IBE”) of the Bank and through the Bank's subsidiary, FirstBank Overseas Corporation, whose interest income and gain on sales is exempt from Puerto Rico and U.S. income taxation. The IBE and FirsBank Overseas Corporation were created under the International Banking Entity Act of Puerto Rico, which provides for total Puerto Rico tax exemption on net income derived by IBEs operating in Puerto Rico on the specific activities identified in the IBE Act. An IBE that operates as a unit of a bank pays income taxes at normal rates to the extent that the IBE's net income exceeds 20% of the bank's total net taxable income.
	For the quarter and six-month period ended June 30, 2014, the Corporation recorded an income tax benefit of $0.3 million and an income tax expense of $0.6 million compared to an income tax benefit of $1.0 million and an income tax expense of $0.6 million for the same periods in 2013. The variance in the second quarter of 2014 compared to the same period in 2013 mainly reflects the impact of the amendments to the 2011 PR Code during the second quarter of 2013 when the Corporation recognized a $1.6 million benefit related to the national gross receipts tax credit ($0.8 million of such benefit corresponded to the first quarter of 2013 and was recorded in the second quarter of 2013 upon enactment of Act 40 which was retroactive to January 1, 2013) compared to the $0.7 million benefit related to the national gross receipts tax credit recorded in 2014. In addition, the variance reflects a net benefit in the 2013 second quarter of $0.5 million related to the increase in the deferred tax asset of profitable subsidiaries due to changes in statutory tax rates. Further, there was an increase of $1.0 million in the AMT expense recorded in the second quarter of 2014. These variances were partially offset by a $1.8 million reduction to the liability for certain tax positions related to prior year's tax positions, as further discussed below. The income tax in the interim financial statements is calculated based on the income of the individual subsidiaries and the currently valid tax rates as a best possible estimate. As of June 30, 2014, the deferred tax asset, net of a valuation allowance of $510.8 million, amounted to $8.7 million compared to $7.6 million as of December 31, 2013. The decrease in the valuation allowance to $510.8 million from $522.7 million as of December 31, 2013 was mainly due to the reversal of temporary differences primarily attributable to the reduction in the allowance for loan and lease losses during the first half of 2014.
	Accounting for income taxes requires that companies assess whether a valuation allowance should be recorded against their deferred tax asset based on an assessment of the amount of the deferred tax asset that is “more likely than not” to be realized. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount that is more likely than not to be realized.
	In making such assessment, significant weight is given to evidence that can be objectively verified, including both positive and negative evidence. Consideration must be given to all sources of taxable income available to realize the deferred tax asset, including the future reversal of existing temporary differences, future taxable income exclusive of the reversal of temporary differences and carry forwards, taxable income in carry back years and tax planning strategies. In estimating taxes, management assesses the relative merits and risks of the appropriate tax treatment of transactions taking into account statutory, judicial and regulatory guidance.
	In assessing the weight of positive and negative evidence, a significant negative factor that resulted in the maintenance of the valuation allowance was that the Corporation's banking subsidiary, FirstBank Puerto Rico, was in a three-year historical cumulative loss position as of June 30, 2014, mainly due to significant charges to the provision for loan and lease losses in prior years as a result of the economic downturn and the bulk sales of assets completed in 2013. As of June 30, 2014, the Corporation had a gross deferred tax asset of $520.6 million, including $373.3 million associated with NOLs. The Bank incurred all of the NOLs on or after 2009. As mentioned before, the Corporation maintained a valuation allowance of $510.8 million as of June 30, 2014 against the deferred tax asset. As of June 30, 2014, management concluded that $8.7 million of the deferred tax asset will be realized as it relates to profitable subsidiaries and to amounts that can be realized through future reversals of existing taxable temporary differences. To the extent the realization of a portion, or all, of the tax asset becomes “more likely than not” based on changes in circumstances (such as, improved earnings, changes in tax laws or other relevant changes), a reversal of that portion of the deferred tax asset valuation allowance will then be recorded.
	The authoritative accounting guidance prescribes a comprehensive model for the financial statement recognition, measurement, presentation and disclosure of income tax uncertainties with respect to positions taken or expected to be taken on income tax returns. Under this guidance, income tax benefits are recognized and measured based upon a two-step analysis: 1) a tax position must be more likely than not to be sustained based solely on its technical merits in order to be recognized, and 2) the benefit is measured as the largest dollar amount of that position that is more likely than not to be sustained upon settlement. The difference between the benefit recognized under this analysis and the tax benefit claimed on a tax return is referred to as an unrecognized tax benefit (“UTB”).
		The following table reconciles the balance of UTBs:
			Six-Month Period Ended June 30, 2014		Six-Month Period Ended June 30, 2013
	(In thousands)
	Balance beginning of the year		$	4,310	$	2,374
	Decrease related to positions taken during prior years			-1,763		-
	Balance at end of period		$	2,547	$	2,374
	As of June 30, 2014, the Corporation had UTBs of approximately $2.5 million, all of which would, if recognized, affect the Corporation's effective tax rate. The Corporation classifies all interest and penalties, if any, related to tax uncertainties as income tax expense. As of June 30, 2014, the Corporation's accrued interest that relates to tax uncertainties amounted to $2.4 million and there was no need to accrue for the payment of penalties. The years 2007 through 2009 were examined by the United States Internal Revenue Service (“IRS”) and disputed issues were taken to administrative appeals during 2011. Based on feasible settlement with the IRS Appeals office in June 2014, the Corporation released a portion of its reserve for uncertain tax positions, resulting in a tax benefit of approximately $1.8 million. Based on such agreement management believes that the amounts of unrecognized tax benefits will decrease within the next twelve months by approximately $2.5 million. Such change will not have an impact on the effective tax rate.
	The Corporation's liability for income taxes includes its liability for UTBs, and interest that relates to tax years still subject to review by taxing authorities. The UTBs are recorded as a liability instead of a reduction to the deferred tax asset as the Corporation's NOLs and tax credit carryfowards are not available to settle any income tax that would result from the disallowance of the Corporation's UTBs. Audit periods remain open for review until the statute of limitations has passed. The statute of limitations under the 2011 PR Code is 4 years; the statute of limitations for Virgin Islands and U.S. income tax purposes are each three years after a tax return is due or filed, whichever is later. The completion of an audit by the taxing authorities or the expiration of the statute of limitations for a given audit period could result in an adjustment to the Corporation's liability for income taxes. Any such adjustment could be material to results of operations for any given quarterly or annual period based, in part, upon the results of operations for the given period. For Puerto Rico, Virgin Islands and U.S income tax purposes, all tax years subsequent to 2009 remain open to examination. Tax year 2010 is currently under examination by the Puerto Rico Department of Treasury.
	Recent Developments. On July 1, 2014, the Puerto Rico Government approved Act No. 77 (“Act 77”), Act for Adjustments to Tax System, which amended the 2011 PR Code. Some of the main provisions that impact corporations follow:
	Long Term Capital Gain Tax Rate is increased from 15% to 20% and Long Term Capital Treatment was amended to apply only to assets held for a period of 1 year or more (previously 6 month or more) for transactions completed after June 30, 2014.
	New Capital Loss carryover limitation, of up to 90% of Capital Gains and the carryover period of NOL's attributable to capital losses incurred during taxable years commencing after December 31, 2013 was increased from 5 years to 7 years.
	The credit for AMT paid in previous years will be limited to 25% of the excess of the regular income tax over the tentative minimum tax.
	The national gross receipts tax rate for financial institutions was not affected by Act 77 and remains at 1% and financial institutions continue to claim 0.5% of their gross income as a credit against regular income tax or the AMT. However, tax credits purchased or generated by the institution are not allowed as a credit against the national gross receipts tax obligation.

FAIR_VALUE

FAIR VALUE	3 Months Ended
	Jun. 30, 2014
FAIR VALUE	'
	NOTE 19 – FAIR VALUE
	Fair Value Measurement
	The FASB authoritative guidance for fair value measurement defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. This guidance also establishes a fair value hierarchy for classifying financial instruments. The hierarchy is based on whether the inputs to the valuation techniques used to measure fair value are observable or unobservable. Three levels of inputs may be used to measure fair value:
	Level 1	Valuations of Level 1 assets and liabilities are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 1 assets and liabilities include equity securities that trade in an active exchange market, as well as certain U.S. Treasury and other U.S. government and agency securities and corporate debt securities that are traded by dealers or brokers in active markets.
	Level 2	Valuations of Level 2 assets and liabilities are based on observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include (i) mortgage-backed securities for which the fair value is estimated based on the value of identical or comparable assets, (ii) debt securities with quoted prices that are traded less frequently than exchange-traded instruments, and (iii) derivative contracts and financial liabilities (e.g., medium-term notes elected to be measured at fair value) whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data.
	Level 3	Valuations of Level 3 assets and liabilities are based on unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models for which the determination of fair value required significant management judgments estimation.
	For 2014, there were no transfers into or out of Level 1, Level 2 or Level 3 measurement of the fair value hierarchy.
	Financial Instruments Recorded at Fair Value on a Recurring Basis
	Investment securities available for sale
	The fair value of investment securities was the market value based on quoted market prices (as is the case with equity securities, U.S. Treasury notes, and non-callable U.S. Agency debt securities), when available (Level 1), or market prices for identical or comparable assets (as is the case with MBS and callable U.S. agency debt) that are based on observable market parameters, including benchmark yields, reported trades, quotes from brokers or dealers, issuer spreads, bids, offers and reference data including market research operations (Level 2). Observable prices in the market already consider the risk of nonperformance. If listed prices or quotes are not available, fair value is based upon models that use unobservable inputs due to the limited market activity of the instrument, as is the case with certain private label mortgage-backed securities held by the Corporation (Level 3).
	Private label MBS are collateralized by fixed-rate mortgages on single-family residential properties in the United States; the interest rate on the securities is variable, tied to three-month LIBOR and limited to the weighted-average coupon of the underlying collateral. The market valuation represents the estimated net cash flows over the projected life of the pool of underlying assets applying a discount rate that reflects market observed floating spreads over LIBOR, with a widening spread based on a nonrated security. The market valuation is derived from a model that utilizes relevant assumptions such as prepayment rate, default rate, and loss severity on a loan level basis. The Corporation modeled the cash flow from the fixed-rate mortgage collateral using a static cash flow analysis according to collateral attributes of the underlying mortgage pool (i.e. loan term, current balance, note rate, rate adjustment type, rate adjustment frequency, rate caps, and others) in combination with prepayment forecasts obtained from a commercially available prepayment model (ADCO). The variable cash flow of the security is modeled using the 3-month LIBOR forward curve. Loss assumptions were driven by the combination of default and loss severity estimates, taking into account loan credit characteristics (loan-to-value, state, origination date, property type, occupancy loan purpose, documentation type, debt-to-income ratio, and other) to provide an estimate of default and loss severity.
	Refer to the table below for further information regarding qualitative information for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3).
	Derivative instruments
	The fair value of most of the Corporation's derivative instruments is based on observable market parameters and takes into consideration the credit risk component of paying counterparties when appropriate, except when collateral is pledged. That is, on interest rate swaps, the credit risk of both counterparties is included in the valuation; and, on options and caps, only the seller's credit risk is considered. The derivative instruments, namely swaps and caps, were valued based on a discounted cash flow approach using the related LIBOR and swap rate for each cash flow. Derivatives include interest rate swaps used for protection against rising interest rates. For these interest rate swaps, a credit component was not considered in the valuation since the Corporation has fully collateralized with investment securities any marked-to-market loss with the counterparty and, if there were market gains, the counterparty had to deliver additional collateral to the Corporation.
	Although most of the derivative instruments are fully collateralized, a credit spread is considered for those that are not secured in full. The cumulative mark-to-market effect of credit risk in the valuation of derivative instruments for the quarter and six-month period ended June 30, 2014 was immaterial.
	The information about the estimated fair value of financial instruments required by GAAP is presented hereunder. The fair value amounts presented do not necessarily represent management's estimate of the underlying value of the Corporation.
	Assets and liabilities measured at fair value on a recurring basis, are summarized below:
		As of June 30, 2014												As of December 31, 2013
		Fair Value Measurements Using												Fair Value Measurements Using
	(In thousands)	Level 1			Level 2			Level 3			Assets/Liabilities at Fair Value			Level 1			Level 2		Level 3		Assets/Liabilities at Fair Value
	Assets:
	Securities available for sale :
	Equity securities	$	9		$	-		$	-		$	9		$	33		$	-	$	-	$	33
	U.S. Treasury Securities		7,497			-			-			7,497			7,499			-		-		7,499
	Noncallable U.S. agency debt		-			207,377			-			207,377			-			200,903		-		200,903
	Callable U.S. agency debt and MBS		-			1,699,358			-			1,699,358			-			1,677,651		-		1,677,651
	Puerto Rico government obligations		-			42,248			2,734			44,982			-			48,904		2,426		51,330
	Private label MBS		-			-			38,184			38,184			-			-		40,866		40,866
	Derivatives, included in assets:
	Interest rate swap agreements		-			99			-			99			-			162		-		162
	Purchased interest rate cap agreements		-			16			-			16			-			58		-		58
	Forward contracts		-			-			-			-			-			174		-		174
	Liabilities:
	Derivatives, included in liabilities:
	Interest rate swap agreements		-			3,328			-			3,328			-			3,965		-		3,965
	Written interest rate cap agreement		-			16			-			16			-			58		-		58
	Forward contracts		-			228			-			228			-			-		-		-
	The table below presents a reconciliation for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the quarters and six-month period ended June 30, 2014 and 2013:
			Total Fair Value Measurements
			Quarter ended June 30,
			2014			2013
	Level 3 Instruments Only		Securities			Securities
	(In thousands)		Available For Sale(1)			Available For Sale(1)
	Beginning balance		$	47,510		$	52,047
	Total gains or losses (realized/unrealized):
	Included in other comprehensive income			729			29
	Sales			-4,855			0
	Principal repayments and amortization			-2,466			-3,416
	Ending balance		$	40,918		$	48,660
	-1	Amounts mostly related to private label mortgage-backed securities.
			Total Fair Value Measurements
			Six-Month Period Ended June 30,
			2014			2013
	Level 3 Instruments Only		Securities			Securities
	(In thousands)		Available For Sale(1)			Available For Sale(1)
	Beginning balance		$	43,292		$	54,617
	Total gains or losses (realized/unrealized):
	Included in earnings			-			-117
	Included in other comprehensive income			1,693			860
	Purchases			5,123			-
	Sales			-4,855			-
	Principal repayments and amortization			-4,335			-6,700
	Ending balance		$	40,918		$	48,660
-1	Amounts mostly related to private label mortgage-backed securities.
The table below presents qualitative information for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) at June 30, 2014:
	30-Jun-14
(In thousands)	Fair Value			Valuation Technique		Unobservable Input		Range
Investment securities available-for-sale:
Private label MBS	$	38,184		Discounted cash flow		Discount rate		14.50%
						Prepayment rate		18.15% -100% (Weighted Average 32%)
						Projected cumulative loss rate		0.90% -80.00% (Weighted Average 8.5%)
Puerto Rico Government Obligations		2,734		Discounted cash flow		Prepayment speed		5.57%
Information about Sensitivity to Changes in Significant Unobservable Inputs
Private label MBS: The significant unobservable inputs in the valuation include probability of default, the loss severity assumption and the prepayment rates. Shifts in those inputs would result in different fair value measurements. Increases in the probability of default, loss severity assumptions, and prepayment rates in isolation would generally result in an adverse effect in the fair value of the instruments. Meaningful and possible shifts of each input were modeled to assess the effect on the fair value estimation.
Puerto Rico Government Obligations: The significant unobservable input used in the fair value measurement is the assumed prepayment rate. A significant increase (decrease) in the assumed rate would lead to a higher (lower) fair value estimate. Loss severity and probability of default are not included as significant unobservable variables because the obligations are guaranteed by the Puerto Rico Housing Finance Authority (“PRHFA”). The PRHFA credit risk is modeled by discounting the cash flows using a curve appropriate to the PRHFA credit rating.
The tables below summarize changes in unrealized gains and losses recorded in earnings for the quarters and six-month periods ended June 30, 2014 and 2013 for Level 3 assets and liabilities that are still held at the end of each period:
		Changes in Unrealized Losses			Changes in Unrealized Losses
		Quarter ended June 30, 2014			Quarter ended June 30, 2013
Level 3 Instruments Only		Securities			Securities
(In thousands)		Available For Sale			Available For Sale
Changes in unrealized losses relating to assets still held at reporting date:
Net impairment losses on available-for-sale investment securities (credit component)		$	-		$	0
			Changes in Unrealized Losses			Changes in Unrealized Losses
			Six-Month Period Ended June 30, 2014			Six-Month Period Ended June 30, 2013
Level 3 Instruments Only		Securities			Securities
(In thousands)		Available For Sale			Available For Sale
Changes in unrealized losses relating to assets still held at reporting date:
Net impairment losses on available-for-sale investment securities (credit component)		$	0		$	-117
Additionally, fair value is used on a nonrecurring basis to evaluate certain assets in accordance with GAAP. Adjustments to fair value usually result from the application of lower-of-cost or market accounting (e.g., loans held for sale carried at the lower-of-cost or fair value and repossessed assets) or write downs of individual assets (e.g., goodwill, loans).
As of June 30, 2014, impairment or valuation adjustments were recorded for assets recognized at fair value on a non-recurring basis as shown in the following table:
		Carrying value as of June 30, 2014									(Losses) Gain recorded for the Quarter Ended June 30, 2014			(Losses) Gain recorded for the Six-Month Period Ended June 30, 2014
		Level 1			Level 2			Level 3
			(In thousands)
Loans receivable (1)		$	-		$	-		$	484,381		$	-3,742		$	-34,193
OREO (2)			-			-			121,842			-4,481			-8,958
Mortgage servicing rights (3)			-			-			22,270			39			-180
Loans Held For Sale (4)			-			-			54,755			0			0
-1	Mainly impaired commercial and construction loans. The impairment was generally measured based on the fair value of the collateral. The fair value was derived from external appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g. absorption rates), which are not market observable.
-2	The fair value was derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g. absorption rates, net operating income of income producing properties) which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio.
-3	Fair value adjustments to mortgage servicing rights were mainly due to assumptions associated with mortgage prepayment rates. The Corporation carries its mortgage servicing rights at the lower of cost or market, measured at fair value on a non-recurring basis. Assumptions for the value of mortgage servicing rights include: Prepayment rate 9.78%, Discount Rate 10.62%.
-4	The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans, and for loans with signed sale agreements, the value was determined based on the sales price on such agreements.
As of June 30, 2013, impairment or valuation adjustments were recorded for assets recognized at fair value on a non-recurring basis as shown in the following table:
		Carrying value as of June 30, 2013									(Losses) Gain recorded for the Quarter Ended June 30, 2013			(Losses) Gain recorded for the Six-Month Period Ended June 30, 2013
		Level 1			Level 2			Level 3
		(In thousands)
Loans receivable (1)		$	-		$	-		$	409,056		$	-3,534		$	-14,192
Other Real Estate Owned (2)			-			-			139,257			-9,181			-12,106
Mortgage servicing rights (3)			-			-			19,979			277			557
Loans Held For Sale (4)			-			142,632			94,951			-6,103			-11,325
-1	Mainly impaired commercial and construction loans. The impairment was generally measured based on the fair value of the collateral. The fair value was derived from external appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g. absorption rates), which are not market observable.
-2	The fair value was derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g. absorption rates, net operating income of income producing properties) which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio.
-3	Fair value adjustments to the mortgage servicing rights were mainly due to assumptions associated with mortgage prepayments rates. The Corporation carries its mortgage servicing rights at the lower of cost or market, measured at fair value on a non-recurring basis. Assumptions for the value of mortgage servicing rights include: Prepayment Rate 9.40%, Discount Rate 11.06%.
-4	The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans, and, for loans with signed sale agreements, the value was determined based on the sales price on such agreements.
Qualitative information regarding the fair value measurements for Level 3 financial instruments are as follows:
	30-Jun-14
	Method		Inputs
Loans	Income, Market, Comparable Sales, Discounted Cash Flows		External appraised values; probability weighting of broker price opinions; management assumptions regarding market trends or other relevant factors
OREO	Income, Market, Comparable Sales, Discounted Cash Flows		External appraised values; probability weighting of broker price opinions; management assumptions regarding market trends or other relevant factors
Mortgage servicing rights	Discounted Cash Flow		Weighted average prepayment rate 9.78%; weighted average discount rate 10.62%
The following is a description of the valuation methodologies used for instruments that are not measured and reported at fair value on a recurring basis or reported at fair value on a non-recurring basis. The estimated fair value was calculated using certain facts and assumptions, which vary depending on the specific financial instrument.
Cash and due from banks and money market investments
The carrying amounts of cash and due from banks and money market investments are reasonable estimates of their fair value. Money market investments include held-to-maturity securities, which have a contractual maturity of three months or less. The fair value of these securities is based on quoted market prices in active markets that incorporate the risk of nonperformance.
Other equity securities
Equity or other securities that do not have a readily available fair value are stated at their net realizable value, which management believes is a reasonable proxy for their fair value. This category is principally composed of stock that is owned by the Corporation to comply with FHLB regulatory requirements. The realizable value of the FHLB stock equals its cost as this stock can be freely redeemed at par.
Loans receivable, including loans held for sale
The fair value of loans held for investment and for mortgage loans held for sale was estimated using discounted cash flow analyses, based on interest rates currently being offered for loans with similar terms and credit quality and with adjustments that the Corporation's management believes a market participant would consider in determining fair value. Loans were classified by type, such as commercial, residential mortgage, and automobile. These asset categories were further segmented into fixed- and adjustable-rate categories. Valuations are carried out based on categories and not on a loan-by-loan basis. The fair values of performing fixed-rate and adjustable-rate loans were calculated by discounting expected cash flows through the estimated maturity date. This fair value is not currently an indication of an exit price as that type of assumption could result in a different fair value estimate. The fair value of credit card loans was estimated using a discounted cash flow method and excludes any value related to a customer account relationship. Other loans with no stated maturity, like credit lines, were valued at book value. Prepayment assumptions were considered for non-residential loans. For residential mortgage loans, prepayment estimates were based on a prepayments model that combined both a historical calibration and current market prepayment expectations. Discount rates were based on the Treasury and LIBOR/Swap Yield Curves at the date of the analysis, and included appropriate adjustments for expected credit losses and liquidity. For impaired collateral dependent loans, the impairment was primarily measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observable transactions involving similar assets in similar locations. The market valuation of the loans acquired from Doral was derived from a model that utilizes relevant assumptions such as prepayment rate, default rate, and loss severity on a loan level basis. The cash flows were modeled using a static cash flow analysis discounted by yields observed in the secondary market and in combination with prepayment forecasts. Loss assumptions were driven by the combination of default and loss severity estimates, taking into account loan credit characteristics (loan-to-value, Puerto Rico market, loan type, delinquency status, loan terms, and other), with higher default rates applied to loans acquired with evidence of credit deterioration.
Deposits
The estimated fair value of demand deposits and savings accounts, which are deposits with no defined maturities, equals the amount payable on demand at the reporting date. The fair values of retail fixed-rate time deposits, with stated maturities, are based on the present value of the future cash flows expected to be paid on the deposits. The cash flows were based on contractual maturities; no early repayments were assumed. Discount rates were based on the LIBOR yield curve.
The estimated fair value of total deposits excludes the fair value of core deposit intangibles, which represent the value of the customer relationship measured by the value of demand deposits and savings deposits that bear a low or zero rate of interest and do not fluctuate in response to changes in interest rates. The fair value of brokered CDs, which are included within deposits, is determined using discounted cash flow analyses over the full term of the CDs.
The fair value of the CDs is computed using the outstanding principal amount. The discount rates used were based on brokered CD market rates as of June 30, 2014. The fair value does not incorporate the risk of nonperformance, since interests in brokered CDs are generally sold by brokers in amounts of less than $250,000 and, therefore, insured by the FDIC.
Securities sold under agreements to repurchase
Some repurchase agreements reprice at least quarterly, and their outstanding balances are estimated to be their fair value. Where longer commitments are involved, fair value is estimated using exit price indications of the cost of unwinding the transactions as of the end of the reporting period. The brokers who are the counterparties provide these indications. Securities sold under agreements to repurchase are fully collateralized by investment securities.
Advances from FHLB
The fair value of advances from FHLB with fixed maturities is determined using discounted cash flow analyses over the full term of the borrowings, using indications of the fair value of similar transactions. The cash flows assume no early repayment of the borrowings. Discount rates are based on the LIBOR yield curve. Advances from FHLB are fully collateralized by mortgage loans and, to a lesser extent, investment securities.
Other borrowings
Other borrowings consist of junior subordinated debentures. Projected cash flows from the debentures were discounted using the Bloomberg BB Finance curve plus a credit spread. This credit spread was estimated using the difference in yield curves between Swap rates and a yield curve that considers the industry and credit rating of the Corporation as issuer of the note at a tenor comparable to the time to maturity of the debentures.
The following table presents the estimated fair value and carrying value of financial instruments as of June 30, 2014 and December 31, 2013:
	Total Carrying Amount in Statement of Financial Condition June 30, 2014			Fair Value Estimate June 30, 2014			Level 1			Level 2			Level 3
	(In thousands)
Assets:
Cash and due from banks and money
market investments	$	677,662		$	677,662		$	677,662		$	-		$	-
Investment securities available
for sale		1,997,408			1,997,408			7,506			1,948,984			40,918
Other equity securities		29,141			29,141			-			29,141			-
Loans held for sale		72,105			72,807			-			18,052			54,755
Loans, held for investment		9,467,101
Less: allowance for loan and lease losses		-241,177
Loans held for investment, net of allowance	$	9,225,924			8,892,011			-			-			8,892,011
Derivatives, included in assets		115			115			-			115			-
Liabilities:
Deposits		9,630,788			9,644,647			-			9,644,647			-
Securities sold under agreements to repurchase		900,000			977,620			-			977,620			-
Advances from FHLB		320,000			319,505			-			319,505			-
Other borrowings		231,959			115,954			-			-			115,954
Derivatives, included in liabilities		3,572			3,572			-			3,572			-
	Total Carrying Amount in Statement of Financial Condition December 31, 2013			Fair Value Estimate December 31, 2013			Level 1			Level 2			Level 3
	(In thousands)
Assets:
Cash and due from banks and money
market investments	$	655,671		$	655,671		$	655,671		$	-		$	-
Investment securities available
for sale		1,978,282			1,978,282			7,532			1,927,458			43,292
Other equity securities		28,691			28,691			-			28,691			-
Loans held for sale		75,969			76,684			-			21,883			54,801
Loans, held for investment		9,636,170
Less: allowance for loan and lease losses		-285,858
Loans held for investment, net of allowance	$	9,350,312			9,127,234			-			-			9,127,234
Derivatives, included in assets		394			394			-			394			-
Liabilities:
Deposits		9,879,924			9,898,615			-			9,898,615			-
Securities sold under agreements to repurchase		900,000			976,151			-			976,151			-
Advances from FHLB		300,000			297,523			-			297,523			-
Other borrowings		231,959			106,772			-			-			106,772
Derivatives, included in liabilities		4,023			4,023			-			4,023			-

SUPPLEMENTAL_CASH_FLOW_INFORMA

SUPPLEMENTAL CASH FLOW INFORMATION	3 Months Ended
	Jun. 30, 2014
SUPPLEMENTAL CASH FLOW INFORMATION	'
	NOTE 20 – SUPPLEMENTAL CASH FLOW INFORMATION
	Supplemental cash flow information is as follows:
		Six-Month Period Ended June 30,
		2014		2013
		(In thousands)
	Cash paid for:
	Interest on borrowings	$	51,817	$	64,075
	Income tax		2,524		2,141
	Non-cash investing and financing activities:
	Additions to other real estate owned		13,267		42,526
	Additions to auto and other repossessed assets		43,091		31,236
	Capitalization of servicing assets		2,069		3,814
	Loan securitizations		104,236		159,140
	Loans held for investment transferred to held for sale		-		181,620

SEGMENT_INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Jun. 30, 2014
SEGMENT INFORMATION	'
	NOTE 21 – SEGMENT INFORMATION
	Based upon the Corporation's organizational structure and the information provided to the Chief Executive Officer of the Corporation and, to a lesser extent, the Board of Directors, the operating segments are driven primarily by the Corporation's lines of business for its operations in Puerto Rico, the Corporation's principal market, and by geographic areas for its operations outside of Puerto Rico. As of June 30, 2014, the Corporation had six reportable segments: Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Investments; United States Operations, and Virgin Islands Operations. Management determined the reportable segments based on the internal reporting used to evaluate performance and to assess where to allocate resources. Others factors such as the Corporation's organizational chart, nature of the products, distribution channels, and the economic characteristics of the product were also considered in the determination of the reportable segments.
	The Commercial and Corporate Banking segment consists of the Corporation's lending and other services for large customers represented by specialized and middle-market clients and the public sector. The Commercial and Corporate Banking segment offers commercial loans, including commercial real estate and construction loans, and floor plan financings, as well as other products, such as cash management and business management services. The Mortgage Banking segment consists of the origination, sale, and servicing of a variety of residential mortgage loans. The Mortgage Banking segment also acquires and sells mortgages in the secondary markets. In addition, the Mortgage Banking segment includes mortgage loans purchased from other local banks and mortgage bankers. The Consumer (Retail) Banking segment consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centers. The Treasury and Investments segment is responsible for the Corporation's investment portfolio and treasury functions executed to manage and enhance liquidity. This segment lends funds to the Commercial and Corporate Banking, Mortgage Banking and Consumer (Retail) Banking segments to finance their lending activities and borrows from those segments and from the United States Operations segment. The Consumer (Retail) Banking and the United States Operations segments also lend funds to other segments. The interest rates charged or credited by Treasury and Investments, the Consumer (Retail) Banking and the United States Operations segments are allocated based on market rates. The difference between the allocated interest income or expense and the Corporation's actual net interest income from centralized management of funding costs is reported in the Treasury and Investments segment. The United States Operations segment consists of all banking activities conducted by FirstBank in the United States mainland, including commercial and retail banking services. The Virgin Islands Operations segment consists of all banking activities conducted by the Corporation in the USVI and BVI, including commercial and retail banking services and insurance activities.
	The accounting policies of the segments are the same as those referred to in Note 1- “Nature of Business and Summary of Significant Accounting Policies.”
	The Corporation evaluates the performance of the segments based on net interest income, the estimated provision for loan and lease losses, non-interest income and direct non-interest expenses. The segments are also evaluated based on the average volume of their interest-earning assets less the allowance for loan and lease losses.
	The following table presents information about the reportable segments:
	(In thousands)	Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate			Treasury and Investments			United States Operations		Virgin Islands Operations		Total
	For the quarter ended June 30, 2014:
	Interest income	$	27,444		$	54,869		$	40,825		$	13,988		$	10,879	$	10,418	$	158,423
	Net (charge) credit for transfer of funds		-8,736			4,136			-3,049			4,584			3,065		-		-
	Interest expense		-			-5,882			-			-16,783			-4,855		-996		-28,516
	Net interest income		18,708			53,123			37,776			1,789			9,089		9,422		129,907
	(Provision) release for loan and lease losses		-4,089			-19,475			-14,179			-			10,481		518		-26,744
	Non-interest income		2,701			10,005			1,150			344			711		1,690		16,601
	Direct non-interest expenses		-10,340			-31,510			-14,694			-1,514			-7,269		-8,664		-73,991
	Segment income	$	6,980		$	12,143		$	10,053		$	619		$	13,012	$	2,966	$	45,773
	Average earnings assets	$	2,029,859		$	2,031,391		$	3,683,746		$	2,714,179		$	883,822	$	670,692	$	12,013,689
	(In thousands)	Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate			Treasury and Investments			United States Operations		Virgin Islands Operations		Total
	For the quarter ended June 30, 2013:
	Interest income	$	27,469		$	57,984		$	42,476		$	12,584		$	9,055	$	11,102	$	160,670
	Net (charge) credit for transfer of funds		-9,631			-681			-3,592			11,552			2,352		-		-
	Interest expense		-			-6,992			-			-20,212			-5,583		-995		-33,782
	Net interest income		17,838			50,311			38,884			3,924			5,824		10,107		126,888
	(Provision) release for loan and lease losses		-68,944			-12,142			-6,221			-			3,943		-4,100		-87,464
	Non-interest income (loss)		238			9,555			1,330			-65,565			275		1,856		-52,311
	Direct non-interest expenses		-16,570			-30,198			-13,993			-1,549			-7,532		-15,358		-85,200
	Segment (loss) income	$	-67,438		$	17,526		$	20,000		$	-63,190		$	2,510	$	-7,495	$	-98,087
	Average earnings assets	$	2,093,238		$	2,021,367		$	3,971,083		$	2,774,670		$	746,384	$	657,946	$	12,264,688
		Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate			Treasury and Investments			United States Operations		Virgin Islands Operations		Total
	Six-month period ended June 30, 2014:
	Interest income	$	53,192		$	110,681		$	83,124		$	29,571		$	21,775	$	20,651	$	318,994
	Net (charge) credit for transfer of funds		-17,282			7,771			-6,048			10,384			5,175		-		-
	Interest expense		-			-12,678			-			-33,544			-9,652		-1,893		-57,767
	Net interest income		35,910			105,774			77,076			6,411			17,298		18,758		261,227
	(Provision) release for loan and lease losses		-7,473			-39,970			-27,524			-			16,440		-132		-58,659
	Non-interest income		5,803			20,635			2,917			397			1,152		3,657		34,561
	Direct non-interest expenses		-20,172			-63,525			-27,272			-2,640			-14,489		-17,688		-145,786
	Segment income	$	14,068		$	22,914		$	25,197		$	4,168		$	20,401	$	4,595	$	91,343
	Average earnings assets	$	1,993,129		$	1,951,587		$	3,869,311		$	2,712,564		$	865,091	$	663,172	$	12,054,854
		Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate			Treasury and Investments			United States Operations		Virgin Islands Operations		Total
	Six-month period ended June 30, 2013:
	Interest income	$	55,689		$	116,243		$	85,805		$	24,044		$	17,704	$	21,410	$	320,895
	Net (charge) credit for transfer of funds		-19,902			-1,719			-7,740			24,515			4,846		-		-
	Interest expense		-			-13,841			-			-41,975			-11,700		-1,998		-69,514
	Net interest income		35,787			100,683			78,065			6,584			10,850		19,412		251,381
	(Provision) release for loan and lease losses		-77,532			-22,323			-92,332			-			2,434		-8,834		-198,587
	Non-interest income (loss)		4,588			20,297			2,789			-65,733			887		4,028		-33,144
	Direct non-interest expenses		-28,218			-59,866			-31,581			-3,955			-14,254		-24,494		-162,368
	Segment (loss) income	$	-65,375		$	38,791		$	-43,059		$	-63,104		$	-83	$	-9,888	$	-142,718
	Average earnings assets	$	2,096,464		$	1,943,173		$	4,150,227		$	2,732,539		$	713,072	$	667,587	$	12,303,062
	The following table presents a reconciliation of the reportable segment financial information to the consolidated totals:
				Quarter Ended						Six-Month Period Ended
				June 30,						June 30,
				2014			2013			2014			2013
	Net income (loss):
	Total income (loss) for segments and other			$	45,773		$	-98,087		$	91,343		$	-142,718
	Other non-interest (loss) income (1)				-670			648			-7,280			-4,890
	Other operating expenses (2)				-24,154			-26,123			-45,144			-46,965
	Income (loss) before income taxes				20,949			-123,562			38,919			-194,573
	Income tax benefit (expense)				276			979			-611			-643
	Total consolidated net income (loss)			$	21,225		$	-122,583		$	38,308		$	-195,216
	Average assets:
	Total average earning assets for segments			$	12,013,689		$	12,264,688		$	12,054,854		$	12,303,062
Other average earning assets (1)				152			17,841			3,343			20,797
Average non-earning assets				640,718			654,304			656,179			681,489
Total consolidated average assets			$	12,654,559		$	12,936,833		$	12,714,376		$	13,005,348
-1	The activities related to the Bank's equity interest in CPG/GS are presented as an Other non-interest income (loss) and as Other average earning assets in the table above.
-2	Expenses pertaining to corporate administrative functions that support the operating segments 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.

REGULATORY_MATTERS_COMMITMENTS

REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jun. 30, 2014
REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES	'
	NOTE 22 – REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES
	The Corporation is subject to various regulatory capital requirements imposed by the federal banking agencies. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Corporation's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Corporation must meet specific capital guidelines that involve quantitative measures of the Corporation's assets and liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Corporation's capital amounts and classification are also subject to qualitative judgment and adjustment by the regulators with respect to minimum capital requirements, components, risk weightings and other factors.
	Capital standards established by regulations require the Corporation to maintain minimum amounts and ratios for Leverage (Tier 1 capital to average total assets) and ratios of Tier 1 Capital to Risk-Weighted Assets and Total Capital to Risk-Weighted Assets as defined in the regulations. The total amount of risk-weighted assets is computed by applying risk-weighting factors to the Corporation's assets and certain off-balance sheet items, which generally vary from 0% to 100% depending on the nature of the asset.
	Effective June 2, 2010, FirstBank, by and through its Board of Directors, entered into a Consent Order (the “FDIC Order”) with the FDIC and OCIF. The FDIC Order provides for various things, including (among other things) the following: (1) having and retaining qualified management; (2) increased participation in the affairs of FirstBank by its Board of Directors; (3) development and implementation by FirstBank of a capital plan to attain a leverage ratio of at least 8%, a Tier 1 risk-based capital ratio of at least 10% and a total risk-based capital ratio of at least 12%; (4) adoption and implementation of strategic, liquidity and fund management and profit and budget plans and related projects within certain timetables set forth in the FDIC Order and on an ongoing basis; (5) adoption and implementation of plans for reducing FirstBank's positions in certain classified assets and delinquent and non-accrual loans within timeframes set forth in the FDIC Order; (6) refraining from lending to delinquent or classified borrowers already obligated to FirstBank on any extensions of credit so long as such credit remains uncollected, except where FirstBank's failure to extend further credit to a particular borrower would be detrimental to the best interests of FirstBank, and any such additional credit is approved by FirstBank's Board of Directors; (7) refraining from accepting, increasing, renewing or rolling over brokered CDs without the prior written approval of the FDIC; (8) establishment of a comprehensive policy and methodology for determining the allowance for loan and lease losses and the review and revision of FirstBank's loan policies, including the non-accrual policy; and (9) adoption and implementation of adequate and effective programs of independent loan review, appraisal compliance, and an effective policy for managing FirstBank's sensitivity to interest rate risk. The foregoing summary is not complete and is qualified in all respects by reference to the actual language of the FDIC Order. Although all of FirstBank's regulatory capital ratios exceeded the minimum capital ratios for “well capitalized” levels, as well as the minimum capital ratios required by the FDIC Order, as of June 30, 2014, FirstBank cannot be treated as a “well capitalized” institution under regulatory guidance because it is operating under the FDIC Order.
	Effective June 3, 2010, First BanCorp. entered into the Written Agreement with the New York FED. The Written Agreement provides, among other things, that the holding company must serve as a source of strength to FirstBank, and that, except with the consent generally of the New York FED and the Federal Reserve Board, (1) the holding company may not pay dividends to stockholders or receive dividends from FirstBank, (2) the holding company and its nonbank subsidiaries may not make payments on trust-preferred securities or subordinated debt, and (3) the holding company cannot incur, increase, or guarantee debt or repurchase any capital securities. The Written Agreement also requires that the holding company submit a capital plan that reflects sufficient capital at First BanCorp. on a consolidated basis, which must be acceptable to the New York FED, and follow certain guidelines with respect to the appointment or change in responsibilities of senior officers. The foregoing summary is not complete and is qualified in all respects by reference to the actual language of the Written Agreement.
	The Corporation submitted its capital plan setting forth how it plans to improve capital positions to comply with the FDIC Order and the Written Agreement over time.
	In addition to the Capital Plan, the Corporation has submitted to its regulators a liquidity and brokered CD plan, including a contingency funding plan, a non-performing asset reduction plan, a budget and profit plan, a strategic plan, and a plan for the reduction of classified and special mention assets. As of June 30, 2014, the Corporation had completed all of the items included in the Capital Plan and is continuing to work on reducing non-performing loans. Further, the Corporation has reviewed and enhanced the Corporation's loan review program, various credit policies, the Corporation's treasury and investment policy, the Corporation's asset classification and allowance for loan and lease losses and non-accrual policies, the Corporation's charge-off policy and the Corporation's appraisal program. The Regulatory Agreements also require the submission to the regulators of quarterly progress reports.
	The FDIC Order imposes no other restrictions on FirstBank's products or services offered to customers, nor does it or the Written Agreement impose any type of penalties or fines upon FirstBank or the Corporation. Concurrent with the FDIC Order, the FDIC has granted FirstBank temporary waivers to enable it to continue accessing the brokered CD market through September 30, 2014. FirstBank will request approvals for future periods, although no assurance can be given that future approvals will be given.
	In July 2013, U.S. banking regulators approved a revised regulatory capital framework for U.S. banking organizations (the “Basel 3 rules”) that is based on international regulatory capital requirements adopted by the Basel Committee on Banking Supervision over the past several years. The Basel 3 rules introduce new minimum capital ratios and capital conservation buffer requirements, change the composition of regulatory capital, require a number of new adjustments to and deductions from regulatory capital, and introduce a new “Standardized Approach” for the calculation of risk-weighted assets that will replace the risk-weighting requirements under the current U.S. regulatory capital rules. The new minimum regulatory capital requirements and the Standardized Approach for the calculation of risk-weighted assets will become effective for the Corporation and FirstBank on January 1, 2015. The capital conservation buffer requirements, and the regulatory capital adjustments and deductions under the Basel 3 rules will be phased-in over several years ending as of December 31, 2018.
	The Basel 3 rules introduce a new and separate ratio of Common Equity Tier 1 capital (“CET1”) to risk-weighted assets. CET1, a component of total Tier 1 capital, generally consists of common stock and related surplus, retained earnings, accumulated other comprehensive income (“AOCI”), and qualifying minority interests. In addition, the Basel 3 rules also will require the Corporation to maintain an additional CET1 capital conservation buffer of 2.5%. Thus, when the Basel 3 rules are fully phased in as of January 1, 2019, the Corporation will be required to maintain: (i) a minimum CET1 to risk-weighted assets ratio of at least 4.5%, plus the 2.5% “capital conservation buffer,” resulting in a required minimum CET1 ratio of at least 7% upon full implementation, (ii) a minimum ratio of total Tier 1 capital to risk-weighted assets of at least 6.0%, plus the 2.5% capital conservation buffer, resulting in a required minimum Tier 1 capital ratio of 8.5% upon full implementation, (iii) a minimum ratio of total Tier 1 plus Tier 2 capital to risk-weighted assets of at least 8.0%, plus the 2.5% capital conservation buffer, resulting in a required minimum total capital ratio of 10.5% upon full implementation, and (iv) a required minimum leverage ratio of 4%, calculated as the ratio of Tier 1 capital to average on-balance sheet (non-risk adjusted) assets. The phase-in of the capital conversation buffer will begin on January 1, 2016 with a first year requirement of 0.625% of additional CET1, which will be progressively increased over a four-year period, increasing by that same percentage amount on each subsequent January 1 until it reaches the fully-phased in 2.5% CET1 requirement on January 1, 2019.
	In addition, the Basel 3 rules require a number of new deductions from and adjustments to CET1, including deductions from CET1 for mortgage servicing rights, and deferred tax assets dependent upon future taxable income. In the case of mortgage servicing assets and deferred tax assets, among others, these items would be required to be deducted to the extent that any one such category exceeds 10% of CET1 or all such categories in the aggregate exceed 15% of CET1. Under current regulatory capital requirements, the effect of AOCI is excluded for the purposes of calculating the required regulatory capital ratios. By comparison, under the Basel 3 rules, the effects of certain AOCI items are not excluded. Certain banking organizations, however, including the Corporation and FirstBank, will be allowed to make a one-time permanent election in early 2015 to continue to exclude AOCI items.
	The Corporation and FirstBank expect to make this election in order to avoid significant variations in the level of capital depending upon the impact of interest rate fluctuations on the fair value of the securities portfolio.
	In addition, the Basel 3 rules will require that certain non-qualifying capital instruments, including cumulative preferred stock and Trust Preferred Securities (“TRuPs”), be excluded from Tier 1 capital. In general, banking organizations such as the Corporation and the Bank, must begin to phase out TRuPs from Tier 1 capital by January 1, 2015. The Corporation will be allowed to include 25% of the $225 million outstanding qualifying TRuPs as Tier 1 capital in 2015 and the TRuPs must be fully phased out from Tier 1 capital by January 1, 2016. However, the Corporation's TRuPs may continue to be included in Tier 2 capital until the instruments are redeemed or mature.
	The Basel 3 rules also revise the “prompt corrective action” (“PCA”) regulations that apply to depository institutions, including FirstBank, pursuant to Section 38 of the Federal Deposit Insurance Act by (i) introducing a separate CET1 ratio requirement for each PCA capital category (other than critically undercapitalized), with the required CET1 ratio being 6.5% for well-capitalized status; (ii) increasing the minimum Tier 1 capital ratio requirement for each PCA capital category, with the minimum Tier 1 capital ratio for well-capitalized status being 8% (as compared to the current 6%); and (iii) eliminating the current provision that allows a bank with a composite supervisory rating of 1 to have a 3% leverage ratio and still be adequately capitalized and maintaining the minimum leverage ratio for well-capitalized status at 5%. The Basel 3 rules do not change the total risk-based capital requirement (10% for well-capitalized status) for any PCA capital category. The new PCA requirements become effective on January 1, 2015.
	The Basel 3 rules separately impose a Standardized Approach for risk-weightings that expands the risk-weighting categories from the four major risk-weighting categories under the current regulatory capital rules (0%, 20%, 50% and 100%) to a much larger and more risk-sensitive number of categories, depending on the nature of the assets. In a number of cases, the Standardized Approach will result in higher risk weights for a variety of asset categories. Specific changes to the risk-weightings of assets under the current regulatory capital rules include, among other things: (i) applying a 150% risk weight instead of a 100% risk weight for certain high volatility commercial real estate acquisition, development and construction loans, (ii) assigning a 150% risk weight to exposures that are 90 days past due (other than qualifying residential mortgage exposures, which remain at an assigned risk-weighting of 100%), and (iii) establishing a 20% credit conversion factor for the unused portion of a commitment with an original maturity of one year or less that is not unconditionally cancellable, in contrast to the 0% risk-weighting under the current rules.
	The Corporation's total capital, Tier I and leverage ratios as of June 30, 2014 were 18.06%, 16.80% and 12.04%, respectively. Meanwhile, the total capital, Tier I capital, and leverage ratios as of June 30, 2014 of the banking subsidiary, FirstBank Puerto Rico, were 17.70%, 16.43% and 11.79%, respectively.
	The Corporation enters into financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments may include commitments to extend credit and commitments to sell mortgage loans at fair value. As of June 30, 2014, commitments to extend credit amounted to approximately $1.1 billion, of which $685.3 million relates to credit card loans. Commercial and Financial standby letters of credit amounted to approximately $44.8 million. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any conditions established in the contract. Commitments generally have fixed expiration dates or other termination clauses. For most of the commercial lines of credit, the Corporation has the option to reevaluate the agreement prior to additional disbursements. In the case of credit cards and personal lines of credit, the Corporation can cancel the unused credit facility at any time and without cause. Generally, the Corporation's mortgage banking activities do not enter into interest rate lock agreements with prospective borrowers.
	As of June 30, 2014, First BanCorp and its subsidiaries were defendants in various legal proceedings arising in the ordinary course of business. Management believes that the final disposition of these matters, to the extent not previously provided for, will not have a material adverse effect, individually or in the aggregate, on the Corporation's financial position, results of operations or cash flows.

FIRST_BANCORP_Holding_Company_

FIRST BANCORP. (Holding Company Only) Financial Information	3 Months Ended
	Jun. 30, 2014
FIRST BANCORP. (Holding Company Only) Financial Information	'
	NOTE 23 – FIRST BANCORP. (HOLDING COMPANY ONLY) FINANCIAL INFORMATION
	The following condensed financial information presents the financial position of the Holding Company only as of June 30, 2014 and December 31, 2013 and the results of its operations for the quarters and six month periods ended June 30, 2014 and 2013.
	Statements of Financial Condition
		As of June 30,			As of December 31,
		2014		2013
		(In thousands)
	Assets
	Cash and due from banks	$	30,862	$	31,957
	Money market investments		6,111		6,111
	Investment securities available for sale, at market:
	Equity investments		9		33
	Other investment securities		285		285
	Loans held for investment, net		345		356
	Investment in First Bank Puerto Rico, at equity		1,496,636		1,403,612
	Investment in First Bank Insurance Agency, at equity		11,215		9,834
	Investment in FBP Statutory Trust I		3,093		3,093
	Investment in FBP Statutory Trust II		3,866		3,866
	Other assets		4,186		4,101
	Total assets	$	1,556,608	$	1,463,248
	Liabilities and Stockholders' Equity
	Liabilities:
	Other borrowings	$	231,959	$	231,959
	Accounts payable and other liabilities		18,648		15,431
	Total liabilities		250,607		247,390
	Stockholders' equity		1,306,001		1,215,858
	Total liabilities and stockholders' equity	$	1,556,608	$	1,463,248
		Quarter Ended				Six-Month Period Ended
		June 30,				June 30,
		2014		2013		2014		2013
		(In thousands)				(In thousands)
	Income:
	Interest income on money market investments	$	5	$	6	$	10	$	11
	Other income		55		72		108		124
			60		78		118		135
	Expense:
	Notes payable and other borrowings		1,786		1,763		3,546		3,509
	Other operating expenses		768		806		1,274		2,609
			2,554		2,569		4,820		6,118
	Impairment on equity securities		-		-42		0		-42
	Loss before income taxes and equity
	in undistributed earnings (losses) of subsidiaries		-2,494		-2,533		-4,702		-6,025
	Income tax provision		-2		-		-4		-
	Equity in undistributed earnings (losses) of subsidiaries		23,721		-120,050		43,014		-189,191
	Net income (loss)	$	21,225	$	-122,583	$	38,308	$	-195,216
	Other Comprehensive income (loss), net of tax		27,790		-59,964		50,329		-68,574
	Comprehensive income (loss)	$	49,015	$	-182,547	$	88,637	$	-263,790

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jun. 30, 2014
SUBSEQUENT EVENTS	'
	NOTE 24 – SUBSEQUENT EVENTS
	The Corporation has performed an evaluation of events occurring subsequent to June 30, 2014; management has determined that there are no additional events occurring in this period that require disclosure in or adjustment to the accompanying financial statements.

Significant_Accounting_Policie

Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Allowance For Loan Losses [PolicyTextBlock]	'
	Utilization of longer historical loss periods to better reflect the level of incurred losses in portfolio. Historical charge-off rates are calculated by the Corporation on a quarterly basis by tracking cumulative charge-offs experienced over a two year loss period on loans according to their internal risk rating (referred to as “base rate” for the quarter). Prior to the second quarter enhancements, the Corporation would use the base rate of the current quarter or the average of the last 4 quarters, if greater. During the second quarter of 2014, the Corporation eliminated the use of the “greater of” approach and adopted the utilization of the base rate average of the last 8 quarters. This change captures a longer historical period that would help mitigate period to period volatility in the loss rates.
	Enhancements of the environmental factors adjustment. Prior to the second quarter enhancements, these adjustments were applied in the form of basis points additions to the loss ratio based on changes in credit and economic indicators observed in the most recent periods. During the second quarter of 2014, the resulting factor derived from a set of risk-based ratings and weights assigned to credit and economic indicators activity over a reasonable period is now applied to a developed expected range of historical losses, in order to adjust the base loss rates. These enhancements result in a framework that can be applied more consistently, by having a more granular analysis that better captures trends in economic conditions and the impact in the Corporation's portfolio.

EARNINGS_PER_COMMON_SHARE_Tabl

EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
	Jun. 30, 2014
Schedule of Earning Per Share [Table Text Block]	'
	The calculations of earnings (losses) per common share for the quarters and six month periods ended June 30, 2014 and 2013 are as follows:
		Quarter Ended				Six-Month Period Ended
		June 30,		June 30,		June 30,		June 30,
		2014		2013		2014		2013
			(In thousands, except per share information)
	Net income (loss)	$	21,225	$	-122,583	$	38,308	$	-195,216
	Favorable impact from issuing common stock in exchange
	for Series A through E preferred stock		1,280		-		1,659		-
	Net income (loss) attributable to common stockholders	$	22,505	$	-122,583	$	39,967	$	-195,216
	Weighted-Average Shares:
	Basic weighted-average common shares outstanding		208,202		205,490		206,974		205,477
	Average potential common shares		1,942		-		1,543		-
	Diluted weighted-average number of common shares
	outstanding		210,144		205,490		208,517		205,477
	Earnings (loss) per common share:
	Basic	$	0.11	$	-0.6	$	0.19	$	-0.95
	Diluted	$	0.11	$	-0.6	$	0.19	$	-0.95

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Jun. 30, 2014
Activity of Stock Options	'
	The activity of stock options granted under the 1997 stock option plan for the six-month period ended June 30, 2014 is set forth below:
					Weighted-Average
					Remaining		Aggregate
		Number of		Weighted-Average	Contractual Term		Intrinsic Value
		Options	Exercise Price		(Years)	(In thousands)
	Beginning of period outstanding and
	exercisable	101,435	$	206.95
	Options expired	-12,795		321.75
	Options cancelled	-6,065		226.15
	End of period outstanding and exercisable	82,575	$	187.75	1.9	$	-
Restricted Stock Activity Under Omnibus Plan	'
	The following table summarizes the restricted stock activity in 2014 under the Omnibus Plan for both executive officers covered by the TARP requirements and other employees as well as for independent directors:
		Six-Month Period Ended
		30-Jun-14
		Number of shares		Weighted-Average
		of restricted		Grant Date
		stock		Fair Value
	Non-vested shares at beginning of year	1,411,185	$	3.04
	Granted	1,020,978		3.52
	Forfeited	-2,000		6.03
	Vested	-101,323		4.39
	Non-vested shares at June 30, 2014	2,328,840	$	3.2

INVESTMENT_SECURITIES_Tables

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Jun. 30, 2014
Investment Securities Available for Sale	'
			30-Jun-14
			Amortized cost			Noncredit Loss Component of OTTI Recorded in OCI									Fair value			Weighted average yield%
											Gross Unrealized
											gains			losses
			(Dollars in thousands)
	U.S. Treasury securities:
		Due within one year	$	7,494		$	-		$	3		$	-		$	7,497		0.11
	Obligations of U.S.
	government-sponsored
	agencies:
	After 1 to 5 years			50,000			-			-			521			49,479		1.05
	After 5 to 10 years			214,245			-			-			6,868			207,377		1.31
	Puerto Rico government
	obligations:
	After 1 to 5 years			39,807			-			-			10,807			29,000		4.49
	After 5 to 10 years			885			-			1			-			886		5.2
	After 10 years			20,399			-			-			5,303			15,096		5.82
	United States and Puerto Rico
	government obligations			332,830			-			4			23,499			309,335		1.91
	Mortgage-backed securities:
	FHLMC certificates:
	After 10 years			335,489			-			1,354			3,298			333,545		2.2
	GNMA certificates:
	After 1 to 5 years			59			-			2			-			61		3.39
	After 5 to 10 years			1,620			-			91			-			1,711		3.3
	After 10 years			394,842			-			21,917			-			416,759		3.83
				396,521			-			22,010			-			418,531		3.83
	FNMA certificates:
	After 1 to 5 years			5,114			-			237			-			5,351		3.46
	After 5 to 10 years			7,627			-			485			-			8,112		3.81
	After 10 years			889,130			-			7,077			11,875			884,332		2.38
				901,871			-			7,799			11,875			897,795		2.4
	Collateralized mortgage
	obligations issued or
	guaranteed by the FHLMC:
	After 1 to 5 years			9			-			-			0			9		3.01
	Other mortgage pass-through
	trust certificates:
	Over 5 to 10 years			120			-			0			-			120		7.27
	After 10 years			51,187			13,123			-			-			38,064		2.21
				51,307			13,123			0			-			38,184		2.21
	Total mortgage-backed
	securities			1,685,197			13,123			31,163			15,173			1,688,064		2.69
	Equity securities (without
	contractual maturity) (1)			35			-			-			26			9		-
	Total investment securities
	available for sale		$	2,018,062		$	13,123		$	31,167		$	38,698		$	1,997,408		2.56
	-1	Represents common shares of another financial institution in Puerto Rico.
			31-Dec-13
			Amortized cost			Noncredit Loss Component of OTTI Recorded in OCI									Fair value			Weighted average yield%
											Gross Unrealized
											gains			losses
	U.S. Treasury securities:
		Due within one year	$	7,498		$	-		$	1		$	-		$	7,499		0.12
	Obligations of U.S.
	government-sponsored
	agencies:
		After 1 to 5 years		50,000			-			-			1,408			48,592		1.05
		After 5 to 10 years		214,271			-			-			13,368			200,903		1.31
	Puerto Rico government
	obligations:
		Due within one year		10,000			-			-			210			9,790		3.5
		After 5 to 10 years		40,699			-			-			12,962			27,737		4.51
	After 10 years		20,309			-			-			6,506			13,803		5.82
United States and Puerto Rico
government obligations			342,777			-			1			34,454			308,324		1.96
Mortgage-backed securities:
FHLMC certificates:
	After 10 years		332,766			-			133			10,712			322,187		2.16
GNMA certificates:
	After 1 to 5 years		86			-			4			-			90		3.48
	After 5 to 10 years		800			-			37			-			837		2.47
	After 10 years		425,589			-			18,492			-			444,081		3.82
			426,475			-			18,533			-			445,008		3.82
FNMA certificates:
	After 1 to 5 years		1,389			-			84			-			1,473		4.82
	After 5 to 10 years		7,765			-			389			-			8,154		4.09
	After 10 years		882,798			-			2,984			33,626			852,156		2.36
			891,952			-			3,457			33,626			861,783		2.38
Collateralized mortgage
	obligations issued or
	guaranteed by the FHLMC:
	After 1 to 5 years		82			-			-			1			81		3.01
Other mortgage pass-through
trust certificates:
	Over 5 to 10 years		127			-			1			-			128		7.27
	After 10 years		55,048			14,310			-			-			40,738		2.24
			55,175			14,310			1			-			40,866		2.24
Total mortgage-backed
	securities		1,706,450			14,310			22,124			44,339			1,669,925		2.69
Equity securities (without
	contractual maturity) (1)		35			-			-			2			33		-
Total investment securities
	available for sale	$	2,049,262		$	14,310		$	22,125		$	78,795		$	1,978,282		2.57
-1	Represents common shares of another financial institution in Puerto Rico.
Available-for-Sale Investments' Fair Value and Gross Unrealized Losses	'
		As of June 30, 2014
		Less than 12 months						12 months or more						Total
					Unrealized						Unrealized						Unrealized
		Fair Value			Losses			Fair Value			Losses			Fair Value			Losses
			(In thousands)
	Debt securities:
	Puerto Rico government obligations	$	-		$	-		$	44,096		$	16,110		$	44,096		$	16,110
	U.S. government agencies obligations		-			-			256,856			7,389			256,856			7,389
	Mortgage-backed securities:
	FNMA		40,008			67			577,485			11,808			617,493			11,875
	FHLMC		-			-			195,771			3,298			195,771			3,298
	Collateralized mortgage obligations
	issued or guaranteed by FHLMC		-			-			9			-			9			-
	Other mortgage pass-through trust
	certificates		-			-			38,064			13,123			38,064			13,123
	Equity securities		9			26			-			-			9			26
		$	40,017		$	93		$	1,112,281		$	51,728		$	1,152,298		$	51,821
		As of December 31, 2013
		Less than 12 months						12 months or more						Total
					Unrealized						Unrealized						Unrealized
		Fair Value			Losses			Fair Value			Losses			Fair Value			Losses
			(In thousands)
	Debt securities:
	Puerto Rico government obligations	$	23,156		$	5,977		$	28,174		$	13,701		$	51,330		$	19,678
	U.S. government agencies obligations		175,369			8,913			74,126			5,863			249,495			14,776
	Mortgage-backed securities:
	FNMA		748,215			33,626			-			-			748,215			33,626
	FHLMC		286,208			10,712			-			-			286,208			10,712
	Collateralized mortgage obligations
	issued or guaranteed by FHLMC		-			-			81			1			81			1
	Other mortgage pass-through trust
	certificates		-			-			40,738			14,310			40,738			14,310
	Equity securities		33			2			-			-			33			2
		$	1,232,981		$	59,230		$	143,119		$	33,875		$	1,376,100		$	93,105
OTTI Losses on Available-for-Sale Debt Securities	'
		Private Label MBS						Private Label MBS
		Quarter ended June 30,						Six-Month Period Ended June 30,
		2014			2013			2014			2013
	(In thousands)
	Total other-than-temporary impairment losses	$	-		$	-		$	-		$	-
	Portion of other-than-temporary impairment losses recognized in OCI		-			-			-			-117
	Net impairment losses recognized in earnings	$	-		$	-		$	-		$	-117
Roll-Forward of Credit Losses on Debt Securities Held by Corporation	'
	The following table summarizes the roll-forward of credit losses on debt securities held by the Corporation for which a portion of an OTTI is recognized in OCI:
			Quarter ended June 30,						Six-Month Period Ended June 30,
			2014			2013			2014			2013
	(In thousands)
	Credit losses at the beginning of the period		$	5,389		$	5,389		$	5,389		$	5,272
	Additions:
	Credit losses on debt securities for which an OTTI was
	previously recognized			-			-			-			117
	Ending balance of credit losses on debt securities held for
	which a portion of an OTTI was recognized in OCI		$	5,389		$	5,389		$	5,389		$	5,389
Significant Assumptions in Valuation of Private Label MBS	'
		30-Jun-14				31-Dec-13
		Weighted				Weighted
		Average		Range		Average		Range
	Discount rate	14.50%		14.50%		14.50%		14.50%
	Prepayment rate	32%		18.15%-100.00%		29%		15.86%-100.00%
	Projected Cumulative Loss Rate	8.50%		0.90%-80.00%		6.80%		0.58%-38.16%
	No OTTI losses on equity securities held in the available-for-sale investment portfolio were recognized in the first half of 2014. The Corporation recorded OTTI losses of $42,000 on equity securities held in the available-for-sale investment portfolio in the second quarter and first half of 2013.

LOAN_PORTFOLIO_Tables

LOAN PORTFOLIO (Tables)	3 Months Ended
	Jun. 30, 2014
Loan Portfolio Held for Investment	'
			June 30,			December 31,
			2014			2013
	(In thousands)
	Residential mortgage loans, mainly secured by first mortgages		$	2,795,159		$	2,549,008
	Commercial loans:
	Construction loans			148,266			168,713
	Commercial mortgage loans			1,813,930			1,823,608
	Commercial and Industrial loans (1)			2,647,478			2,788,250
	Loans to a local financial institution collateralized by
	real estate mortgages (2)			-			240,072
	Commercial loans			4,609,674			5,020,643
	Finance leases			240,593			245,323
	Consumer loans			1,821,675			1,821,196
	Loans held for investment			9,467,101			9,636,170
	Allowance for loan and lease losses			-241,177			-285,858
	Loans held for investment, net		$	9,225,924		$	9,350,312
	-1	As of June 30, 2014 and December 31, 2013, includes $1.1 billion and 1.2 billion, respectively, of commercial loans that are secured by real estate but are not dependent upon the real estate for repayment.
	-2	On May 30, 2014, FirstBank acquired from Doral Financial Corporation ("Doral") mortgage loans, mainly residential mortgage loans, having an unpaid principal balance of $241.7 million (estimated fair value at acquisition of $226.0 million) in full satisfaction of secured borrowings with a book value of $232.9 million owed by Doral to FirstBank. Refer to Acquired Loans, including Purchased Credit-Impaired ("PCI") loans discussion below for additional information.
Loans Held for Investment on Which Accrual of Interest Income had been Discontinued	'
	Loans held for investment on which accrual of interest income had been discontinued were as follows:
	(In thousands)		June 30,			December 31,
			2014			2013
	Non-performing loans:
	Residential mortgage		$	175,404		$	161,441
	Commercial mortgage			166,218			120,107
	Commercial and Industrial			143,669			114,833
	Construction:
	Land			20,838			27,834
	Construction-commercial			3,849			3,924
	Construction-residential			14,143			27,108
	Consumer:
	Auto loans			22,005			21,316
	Finance leases			3,414			3,082
	Other consumer loans			15,091			15,904
	Total non-performing loans held for investment (1) (2)		$	564,631		$	495,549
	_______________
	-1	As of June 30, 2014 and December 31, 2013, excludes $54.8 million of non-performing loans held for sale.
	-2	Amount excludes PCI loans with a carrying value of approximately $105.6 million and $4.8 million as of June 30, 2014 and December 31, 2013, respectively, primarily mortgage loans acquired from Doral in the second quarter of 2014, as further discussed below. These loans are not considered non-performing due to the application of the accretion method, in which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analysis.
Corporation's Aging of Loans Held for Investment Portfolio	'
	The Corporation’s aging of the loans held for investment portfolio is as follows:
															Purchased Credit-Impaired Loans						Total loans held for investment			90 days past due and still accruing (2)
			30-59 Days Past Due			60-89 Days Past Due				90 days or more Past Due (1)		Total Past Due
	As of June 30, 2014
	(In thousands)																									Current
	Residential mortgage:
	FHA/VA and other government-guaranteed loans (2) (3) (4)		$	-		$	10,357		$	79,082		$	89,439		$	-		$	72,554		$	161,993		$	79,082
	Other residential mortgage loans (4)			-			95,029			189,752			284,781			99,997			2,248,388			2,633,166			14,348
	Commercial:
	Commercial and Industrial loans			12,240			3,015			162,557			177,812			-			2,469,666			2,647,478			18,888
	Commercial mortgage loans (4)			-			5,362			179,861			185,223			3,447			1,625,260			1,813,930			13,643
	Construction:
	Land (4)			-			258			23,212			23,470			-			39,879			63,349			2,374
	Construction-commercial			-			-			3,849			3,849			-			14,980			18,829			-
	Construction-residential (4)			-			-			14,143			14,143			-			51,945			66,088			-
	Consumer:
	Auto loans			82,018			20,391			22,005			124,414			-			997,700			1,122,114			-
	Finance leases			9,664			3,376			3,414			16,454			-			224,139			240,593			-
	Other consumer loans			7,139			8,770			18,713			34,622			2,176			662,763			699,561			3,622
	Total loans held for investment		$	111,061		$	146,558		$	696,588		$	954,207		$	105,620		$	8,407,274		$	9,467,101		$	131,957
	_____________
	-1	Includes non-performing loans and accruing loans that are contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges fees until charged-off at 180 days.
	-2	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $40.3 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of June 30, 2014.
	-3	As of June 30, 2014, includes $19.8 million of defaulted loans collateralizing Government National Mortgage Association ("GNMA") securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans.
	-4	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days amounted to $16.5 million, $160.1 million, $72.1 million, $0.8 million, and $2.5 million, respectively.
	As of December 31, 2013		30-59 Days Past Due			60-89 Days Past Due			90 days or more Past Due (1)												Total loans held for investment			90 days past due and still accruing (2)
	(In thousands)															Total Past Due			Purchased Credit- Impaired Loans							Current
	Residential mortgage:
	FHA/VA and other government-guaranteed loans (2) (3) (4)		$	-		$	12,180		$	78,645		$	90,825		$	-		$	104,401		$	195,226		$	78,645
	Other residential mortgage loans (4)			-			88,898			172,286			261,184			-			2,092,598			2,353,782			10,845
	Commercial:
	Commercial and Industrial loans			21,029			5,454			134,233			160,716			-			2,867,606			3,028,322			19,400
	Commercial mortgage loans (4)			-			5,428			126,674			132,102			-			1,691,506			1,823,608			6,567
	Construction:
	Land (4)			-			358			27,871			28,229			-			52,145			80,374			37
	Construction-commercial			-			-			3,924			3,924			-			12,907			16,831			-
	Construction-residential (4)			-			-			27,108			27,108			-			44,400			71,508			-
	Consumer:
	Auto loans			79,279			17,944			21,316			118,539			-			993,781			1,112,320			-
	Finance leases			10,275			3,536			3,082			16,893			-			228,430			245,323			-
	Other consumer loans			11,710			8,691			20,492			40,893			4,791			663,192			708,876			4,588
	Total loans held for investment		$	122,293		$	142,489		$	615,631		$	880,413		$	4,791		$	8,750,966		$	9,636,170		$	120,082
	____________
	-1	Includes non-performing loans and accruing loans that are contractually delinquent 90 days or more (i.e. FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days.
	-2	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $37.0 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of December 31, 2013.
	-3	As of December 31, 2013, includes $11.5 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans.
	-4	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days amounted to $23.9 million, $166.7 million, $18.4 million, $0.9 million and $2.5 million, respectively.
Corporation's Credit Quality Indicators by Loan	'
	The Corporation’s credit quality indicators by loan type as of June 30, 2014 and December 31, 2013 are summarized below:
			Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness category:
			Substandard			Doubtful			Loss			Total Adversely Classified (1)			Total Portfolio
	30-Jun-14
	(In thousands)
	Commercial mortgage		$	295,588		$	3,133		$	-		$	298,721		$	1,813,930
	Construction:
	Land			21,134			936			-			22,070			63,349
	Construction-commercial			12,490			3,149			-			15,639			18,829
	Construction-residential			13,343			741			60			14,144			66,088
	Commercial and Industrial			252,595			2,768			475			255,838			2,647,478
			Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness category:
			Substandard			Doubtful			Loss			Total Adversely Classified (1)			Total Portfolio
	31-Dec-13
	(In thousands)
	Commercial mortgage		$	317,365		$	9,160		$	234		$	326,759		$	1,823,608
	Construction
	Land			31,777			3,308			52			35,137			80,373
	Construction-commercial			16,022			-			-			16,022			16,831
	Construction-residential			27,829			2,209			241			30,279			71,509
	Commercial and Industrial			205,807			7,998			973			214,778			3,028,322
	_________
	-1	Excludes $54.8 million ($7.8 million land, $39.1 million construction-commercial, $0.9 million construction-residential and $ 7.0 million commercial mortgage) as of June 30, 2014 and December 31, 2013, of non-performing loans held for sale.
	30-Jun-14		Consumer Credit Exposure-Credit Risk Profile based on payment activity
			Residential Real-Estate						Consumer
			FHA/VA/ Guaranteed (1)			Other residential loans			Auto			Finance Leases			Other Consumer
	(In thousands)
	Performing		$	161,993		$	2,357,765		$	1,100,109		$	237,179		$	682,294
	Purchased Credit-Impaired (2)			-			99,997			-			-			2,176
	Non-performing			-			175,404			22,005			3,414			15,091
	Total		$	161,993		$	2,633,166		$	1,122,114		$	240,593		$	699,561
	-1	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $40.3 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of June 30, 2014.
	-2	PCI loans are excluded from non-performing statistics due to the application of the accretion method, in which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analysis.
	31-Dec-13		Consumer Credit Exposure-Credit Risk Profile based on payment activity
				Residential Real-Estate					Consumer
			FHA/VA/ Guaranteed (1)			Other residential loans			Auto			Finance Leases			Other Consumer
	(In thousands)
	Performing		$	195,226		$	2,192,341		$	1,091,004		$	242,241		$	688,181
	Purchased Credit-Impaired (2)			-			-			-			-			4,791
	Non-performing			-			161,441			21,316			3,082			15,904
	Total		$	195,226		$	2,353,782		$	1,112,320		$	245,323		$	708,876
	-1	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $37.0 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of December 31, 2013.
	-2	PCI loans are excluded from non-performing statistics due to the application of the accretion method, in which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analysis.
Impaired Loans	'
	Impaired Loans
	(In thousands)
														Quarter ended						Six-month Period Ended
															30-Jun-14
		Recorded Investment			Unpaid Principal Balance			Related Specific Allowance			Year-To-Date Average Recorded Investment			Interest Income Recognized Accrual Basis			Interest Income Recognized Cash Basis			Interest Income Recognized Accrual Basis			Interest Income Recognized Cash Basis
	As of June 30, 2014
	With no related allowance recorded:
	FHA/VA-Guaranteed loans	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
	Other residential mortgage loans		263,024			286,904			-			265,285			2,788			355			5,357			749
	Commercial:
	Commercial mortgage loans		84,909			90,834			-			85,642			423			484			884			640
	Commercial and Industrial Loans		39,507			55,335			-			40,027			6			264			14			264
	Construction:
	Land		1,821			2,500			-			1,844			6			3			12			3
	Construction-commercial		-			-			-			-			-			-			-			-
	Construction-residential		4,848			4,946			-			4,917			42			2			83			4
	Consumer:
	Auto loans		-			-			-			-			-			-			-			-
	Finance leases		-			-			-			-			-			-			-			-
	Other consumer loans		4,882			5,699			-			4,962			75			18			154			32
		$	398,991		$	446,218		$	-		$	402,677		$	3,340		$	1,126		$	6,504		$	1,692
	With an allowance recorded:
	FHA/VA-Guaranteed loans	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
	Other residential mortgage loans		151,424			172,951			16,464			153,650			1,393			660			2,728			1,040
	Commercial:
	Commercial mortgage loans		154,088			176,208			16,317			160,076			471			162			937			599
	Commercial and Industrial Loans		140,257			171,068			22,745			150,374			611			333			1,177			390
	Construction:
	Land		13,548			22,265			3,855			13,690			13			10			27			14
	Construction-commercial		15,639			15,639			3,950			15,881			-			87			-			259
	Construction-residential		10,865			11,062			1,157			12,548			-			-			-			-
	Consumer:
	Auto loans		14,110			14,110			1,980			14,887			258			-			498			-
	Finance leases		2,162			2,162			91			2,348			58			-			110			-
	Other consumer loans		7,774			8,616			1,799			8,042			589			15			1,113			26
		$	509,867		$	594,081		$	68,358		$	531,496		$	3,393		$	1,267		$	6,590		$	2,328
	Total:
	FHA/VA-Guaranteed loans	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
	Other residential mortgage loans		414,448			459,855			16,464			418,935			4,181			1,015			8,085			1,789
	Commercial:
	Commercial mortgage loans		238,997			267,042			16,317			245,718			894			646			1,821			1,239
	Commercial and Industrial Loans		179,764			226,403			22,745			190,401			617			597			1,191			654
	Construction:
	Land		15,369			24,765			3,855			15,534			19			13			39			17
	Construction-commercial		15,639			15,639			3,950			15,881			-			87			-			259
	Construction-residential		15,713			16,008			1,157			17,465			42			2			83			4
	Consumer:
	Auto loans		14,110			14,110			1,980			14,887			258			-			498			-
	Finance leases		2,162			2,162			91			2,348			58			-			110			-
	Other consumer loans		12,656			14,315			1,799			13,004			664			33			1,267			58
		$	908,858		$	1,040,299		$	68,358		$	934,173		$	6,733		$	2,393		$	13,094		$	4,020
	(In thousands)
		Recorded Investments			Unpaid Principal Balance			Related Specific Allowance			Year-To-Date Average Recorded Investment
	As of December 31, 2013
	With no related allowance recorded:
	FHA/VA-Guaranteed loans	$	-		$	-		$	-		$	-
	Other residential mortgage loans		220,428			237,709			-			222,617
	Commercial:
	Commercial mortgage loans		69,484			73,723			-			71,367
	Commercial and Industrial Loans		32,418			56,831			-			37,946
	Construction:
	Land		359			366			-			360
	Construction-commercial		-			-			-			-
Construction-residential		14,761			19,313			-			17,334
Consumer:
Auto loans		-			-			-			-
Finance leases		-			-			-			-
Other consumer loans		4,035			4,450			-			3,325
	$	341,485		$	392,392		$	-		$	352,949
With an allowance recorded:
FHA/VA-Guaranteed loans	$	-		$	-		$	-		$	-
Other residential mortgage loans		190,566			212,028			18,125			193,372
Commercial:
Commercial mortgage loans		149,888			163,656			32,189			153,992
Commercial and Industrial Loans		154,686			170,191			26,686			162,786
Construction:
Land		27,711			40,348			10,455			28,906
Construction-commercial		16,022			16,238			8,873			16,157
Construction-residential		13,864			13,973			2,816			13,640
Consumer:
Auto loans		14,121			14,122			1,829			12,937
Finance leases		2,359			2,359			73			2,219
Other consumer loans		8,410			8,919			1,555			8,919
	$	577,627		$	641,834		$	102,601		$	592,928
Total:
FHA/VA-Guaranteed loans	$	-		$	-		$	-		$	-
Other residential mortgage loans		410,994			449,737			18,125			415,989
Commercial:
Commercial mortgage loans		219,372			237,379			32,189			225,359
Commercial and Industrial Loans		187,104			227,022			26,686			200,732
Construction:
Land		28,070			40,714			10,455			29,266
Construction-commercial		16,022			16,238			8,873			16,157
Construction-residential		28,625			33,286			2,816			30,974
Consumer:
Auto loans		14,121			14,122			1,829			12,937
Finance leases		2,359			2,359			73			2,219
Other consumer loans		12,445			13,369			1,555			12,244
	$	919,112		$	1,034,226		$	102,601		$	945,877
Interest income of approximately $7.9 million ($6.4 million on an accrual basis and $1.5 million on a cash basis) and $15.3 million ($12.0 million on an accrual basis and $3.3 million on a cash basis) was recognized on impaired loans for the second quarter and six-month period ended June 30, 2013, respectively.
Activity for Impaired loans	'
	The following tables show the activity for impaired loans and the related specific reserve for the quarter and six-month
	period ended June 30, 2014:
					Quarter Ended			Six-Month Period Ended
					30-Jun-14
						(In thousands)
	Impaired Loans:
	Balance at beginning of period				$	879,388		$	919,112
	Loans determined impaired during the period					98,966			153,243
	Net charge-offs					-32,646			-64,685
	Increases to impaired loans- additional disbursements					294			919
	Foreclosures					-4,134			-8,140
	Loans no longer considered impaired					-14,003			-17,731
	Paid in full or partial payments					-19,007			-73,860
	Balance at end of period				$	908,858		$	908,858
Activity for Specific Reserve	'
						Quarter Ended			Six-Month Period Ended
					30-Jun-14
					(In thousands)
	Specific Reserve:
	Balance at beginning of period				$	85,016		$	102,601
	Provision for loan losses					15,988			30,442
	Net charge-offs					-32,646			-64,685
	Balance at end of period				$	68,358		$	68,358
Contractually Required Principal and Interest Cash Flows Expected to be Collected and Fair Value at Acquisition Related to Loans Acquired	'
	The following table presents acquired loans from Doral accounted for pursuant to ASC 310-30 as of May 30, 2014 acquisition date:
	(In thousands)
	Contractually- required principal and interest		$	275,842
	Less: Nonaccretable difference			-86,252
	Cash flows expected to be collected			189,590
	Less: Accretable yield			-86,759
	Fair value of loans acquired in 2014		$	102,831
Carrying Value of Acquired Loans	'
	The carrying amount of PCI loans follows:
			June 30,			December 31,
			2014			2013
	(In thousands)
	Residential mortgage loans		$	99,997		$	-
	Commercial mortgage loans			3,447			-
	Credit Cards			2,176			4,791
			$	105,620		$	4,791
Accretable Yield	'
	Changes in the accretable yield of PCI loans for the quarter and six month period ended June 30, 2014 were as follows:
		Quarter ended June 30, 2014			Quarter ended June 30, 2013			Six month period ended June 30, 2014			Six month period ended June 30, 2013
	(In thousands)
	Balance at beginning of period	$	-		$	406		$	-		$	2,171
	Additions (accretable yield at acquisition
	of loans from Doral)		86,759			-			86,759			-
	Accretion recognized in earnings		-612			-			-612			-413
	Reclassification to non accretable		-			-			-			-1,352
	Balance at end of period	$	86,147		$	406		$	86,147		$	406
Selected Information on TDRs Includes Recorded Investment by Loan Class and Modification Type	'
	Selected information on TDRs that includes the recorded investment by loan class and modification type is summarized in the following tables. This information reflects all TDRs:
			30-Jun-14
	(In thousands)		Interest rate below market			Maturity or term extension			Combination of reduction in interest rate and extension of maturity			Forgiveness of principal and/or interest			Other (1)			Total
	Troubled Debt Restructurings:
	Non-FHA/VA Residential Mortgage loans		$	24,088		$	6,437		$	277,431		$	-		$	34,956		$	342,912
	Commercial Mortgage Loans			30,672			12,884			74,939			-			19,124			137,619
	Commercial and Industrial Loans:			7,666			4,885			33,216			3,100			54,671			103,538
	Construction Loans:
	Land			834			214			1,634			-			554			3,236
	Construction-commercial			-			-			3,848			-			-			3,848
	Construction-residential			6,155			160			3,142			-			432			9,889
	Consumer Loans - Auto			-			544			8,662			-			4,904			14,110
	Finance Leases			-			510			1,652			-			-			2,162
	Consumer Loans - Other			642			178			8,407			130			1,562			10,919
	Total Troubled Debt Restructurings (2)		$	70,057		$	25,812		$	412,931		$	3,230		$	116,203		$	628,233
	-1	Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation or a combination of the concessions listed in the table.
	-2	Excludes TDRs held for sale amounting to $45.8 million as of June 30, 2014
			31-Dec-13
	(In thousands)		Interest rate below market			Maturity or term extension			Combination of reduction in interest rate and extension of maturity			Forgiveness of principal and/or interest			Other (1)			Total
	Troubled Debt Restructurings:
	Non-FHA/VA Residential Mortgage loans		$	23,428		$	6,059		$	274,562		$	-		$	33,195		$	337,244
	Commercial Mortgage Loans			36,543			12,985			83,993			7			20,048			153,576
	Commercial and Industrial Loans			12,099			11,341			12,835			3,122			52,554			91,951
	Construction Loans:
	Land			878			2,012			1,760			-			675			5,325
	Construction-commercial			-			-			3,924			-			-			3,924
	Construction-residential			6,054			160			3,173			994			513			10,894
	Consumer Loans - Auto			-			706			8,350			-			5,066			14,122
	Finance Leases			-			1,286			1,072			-			-			2,358
	Consumer Loans - Other			227			256			8,638			-			1,743			10,864
	Total Troubled Debt Restructurings (2)		$	79,229		$	34,805		$	398,307		$	4,123		$	113,794		$	630,258
	-1	Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation or a combination of the concessions listed in the table.
	-2	Excludes TDRs held for sale amounting to $45.9 million as of December 31, 2013.
Corporation's TDR Activity	'
	The following table presents the Corporation's TDR activity:
	(In thousands)					Quarter Ended			Six-Month Period Ended
						30-Jun-14
	Beginning balance of TDRs					$	622,320		$	630,258
	New TDRs						34,810			54,745
	Increases to existing TDRs - additional
	disbursements						107			134
	Charge-offs post modification						-18,666			-26,648
	Foreclosures						-1,527			-2,601
	Paid-off and partial payments						-8,811			-27,655
	Ending balance of TDRs					$	628,233		$	628,233
Breakdown Between Accrual and Nonaccrual Status of TDRs	'
	The following table provides a breakdown between accrual and nonaccrual status of TDRs:
	(In thousands)		30-Jun-14
			Accrual			Nonaccrual (1) (2)			Total TDRs
	Non-FHA/VA Residential Mortgage loans		$	256,948		$	85,964		$	342,912
	Commercial Mortgage Loans			77,795			59,824			137,619
	Commercial and Industrial Loans			53,249			50,289			103,538
	Construction Loans:
	Land			811			2,425			3,236
	Construction-commercial			-			3,848			3,848
	Construction-residential			3,301			6,588			9,889
	Consumer Loans - Auto			8,847			5,263			14,110
	Finance Leases			2,060			102			2,162
	Consumer Loans - Other			8,859			2,060			10,919
	Total Troubled Debt Restructurings		$	411,870		$	216,363		$	628,233
	-1	Included in non-accrual loans are $85.5 million in loans that are performing under the terms of the restructuring agreement but are reported in non-accrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and there is no doubt about full collectability.
	-2	Excludes non-accrual TDRs held for sale with a carrying value of $45.8 million as of June 30, 2014.
	(In thousands)			31-Dec-13
				Accrual			Nonaccrual (1) (2)			Total TDRs
	Non- FHA/VA Residential Mortgage loans			$	263,919		$	73,324		$	337,243
	Commercial Mortgage Loans				84,419			69,156			153,575
	Commercial and Industrial Loans				53,509			38,441			91,950
	Construction Loans:
	Land				1,000			4,325			5,325
	Construction-commercial				-			3,924			3,924
	Construction-residential				3,332			7,562			10,894
	Consumer Loans - Auto				8,512			5,610			14,122
	Finance Leases				2,275			85			2,360
	Consumer Loans - Other				8,417			2,448			10,865
	Total Troubled Debt Restructurings			$	425,383		$	204,875		$	630,258
	-1	Included in non-accrual loans are $95.7 million in loans that are performing under the terms of the restructuring agreement but are reported in non-accrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and there is no doubt about full collectability.
	-2	Excludes non-accrual TDRs held for sale with a carrying value of $45.9 million as of December 31, 2013.
Schedule Of Troubled Debt Restructurings Table [Text Block]	'
	(Dollars in thousands)	Quarter ended June 30, 2014
		Number of contracts		Pre-modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
	Troubled Debt Restructurings:
	Non-FHA/VA Residential Mortgage loans	91		$	11,017		$	10,264
	Commercial Mortgage Loans	1			410			410
	Commercial and Industrial Loans	7			21,114			21,114
	Construction Loans:
	Land	2			55			57
	Construction-commercial	-			-			-
	Construction-residential	-			-			-
	Consumer Loans - Auto	92			1,408			1,393
	Finance Leases	10			174			142
	Consumer Loans - Other	313			1,457			1,430
	Total Troubled Debt Restructurings	516		$	35,635		$	34,810
	(Dollars in thousands)	Six-Month period ended June 30, 2014
		Number of contracts		Pre-modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
	Troubled Debt Restructurings:
	Non-FHA/VA Residential Mortgage loans	138		$	18,726		$	17,975
	Commercial Mortgage Loans	4			1,244			1,247
	Commercial and Industrial Loans	12			29,078			28,744
	Construction Loans:
	Land	2			55			57
	Construction-commercial	-			-			-
	Construction-residential	-			-			-
	Consumer Loans - Auto	209			3,013			2,998
	Finance Leases	20			367			335
	Consumer Loans - Other	742			3,416			3,389
	Total Troubled Debt Restructurings	1,127		$	55,899		$	54,745
	(Dollars in thousands)	Quarter ended June 30, 2013
		Number of contracts		Pre-modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
	Troubled Debt Restructurings:
	Non-FHA/VA Residential Mortgage loans	40		$	3,335		$	3,335
	Commercial Mortgage Loans	1			491			491
	Commercial and Industrial Loans	1			1,165			1,165
	Construction Loans:
	Land	4			208			208
	Consumer Loans - Auto	142			1,945			1,945
	Finance Leases	19			416			416
	Consumer Loans - Other	367			1,675			1,675
	Total Troubled Debt Restructurings	574		$	9,235		$	9,235
	(Dollars in thousands)	Six-Month period ended June 30, 2013
		Number of contracts		Pre-modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
	Troubled Debt Restructurings:
	Non-FHA/VA Residential Mortgage loans	113		$	13,098		$	13,122
	Commercial Mortgage Loans	1			491			491
	Commercial and Industrial Loans	8			68,051			42,663
	Construction Loans:
	Land	4			208			208
	Construction-residential	1			195			195
	Consumer Loans - Auto	285			3,868			3,868
	Finance Leases	38			729			729
	Consumer Loans - Other	730			3,322			3,322
	Total Troubled Debt Restructurings	1,180		$	89,962		$	64,598
Loan Modifications Considered Troubled Debt Restructurings Defaulted	'
		Quarter ended June 30,
	(Dollars in thousands)	2014					2013
		Number of contracts		Recorded Investment			Number of contracts		Recorded Investment
	Non-FHA/VA Residential Mortgage loans	19		$	2,267		19		$	2,090
	Commercial Mortgage Loans	-			-		-			-
	Commercial and Industrial Loans	-			-		-			-
	Construction Loans:
	Land	1			46		2			66
	Construction-commercial	-			-		-			-
	Construction-residential	-			-		1			186
	Consumer Loans - Auto	18			286		5			37
	Consumer Loans - Other	53			205		35			137
	Finance Leases	-			-		2			20
	Total	91		$	2,804		64		$	2,536
		Six-Month Period Ended June 30,
	(Dollars in thousands)	2014					2013
		Number of contracts		Recorded Investment			Number of contracts		Recorded Investment
	Non-FHA/VA Residential Mortgage loans	33		$	4,819		64		$	9,615
	Commercial Mortgage Loans	-			-		1			46,102
	Commercial and Industrial Loans	-			-		2			3,829
	Construction Loans:
	Land	1			46		2			66
	Construction-commercial	-			-		-			-
	Construction-residential	-			-		1			186
	Consumer Loans - Auto	22			325		7			54
	Consumer Loans - Other	98			381		40			219
	Finance Leases	-			-		2			20
	Total	154		$	5,571		119		$	60,091
Loan Restructuring and Effect on Allowance for Loan and Lease Losses	'
	(In thousands)	30-Jun-14				30-Jun-13
	Principal balance deemed collectible at end of period	$	62,159		$	93,451
	Amount (recovery) charged off	$	-4,106		$	25,389
	(Reductions) charges to the provision for loan losses	$	-4,725		$	2,318
	Allowance for loan losses at end of period	$	942		$	3,339
Past Due Purchased Credit Impaired Table [Text Block]	'
	The following tables present PCI loans by past due status as of June 30, 2014 and December 31, 2013:
	As of June 30, 2014		30-59 Days			60-89 Days			90 days or more			Total Past Due							Total PCI loans
	(In thousands)																					Current
	Residential mortgage loans (1)		$	-		$	11,282		$	11,522		$	22,804			$	77,193		$	99,997
	Commercial mortgage loans (1)			-			366			437			803				2,644			3,447
	Credit Cards			166			62			145			373				1,803			2,176
			$	166		$	11,710		$	12,104		$	23,980			$	81,640		$	105,620
	_____________
	-1	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage and commercial mortgage loans are considered past due when the borrower is in arrears two or more monthly payments. PCI residential mortgage loans and commercial mortgage loans past due 30-59 days amounted to $18.2 million and $0.9 million, respectively.
	As of December 31, 2013		30-59 Days			60-89 Days			90 days or more			Total Past Due							Total PCI loans
	(In thousands)																					Current
	Credit Cards		$	377		$	354		$	573		$	1,304			$	3,487		$	4,791
Changes In Carrying Amount Of Purchased Credit Impaired Loans Table [Text Block]	'
	Changes in the carrying amount of loans accounted pursuant to ASC 310-30 follows:
				Quarter Ended			Six-Month Period Ended
					30-Jun-14			30-Jun-14
	(In thousands)
	Balance at beginning of period (1)			$	3,383		$	4,791
	Additions (2)				102,831			102,831
	Accretion				612			612
	Collections and charge-offs				-1,207			-2,615
	Ending balance			$	105,619		$	105,619
	-1	Relates to PCI loans acquired as part of the credit card portfolio purchased in the second quarter of 2012.
	-2	Represents the estimated fair value of the PCI loans acquired from Doral at the date of acquisition.

ALLOWANCE_FOR_LOAN_AND_LEASE_L1

ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)	3 Months Ended
	Jun. 30, 2014
Changes in Allowance for Loan and Lease Losses	'
	The changes in the allowance for loan and lease losses were as follows:
	(In thousands)		Residential Mortgage Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Construction Loans		Consumer Loans		Total
	Quarter ended June 30, 2014
	Allowance for loan and lease losses:
	Beginning balance		$	30,508	$	66,512	$	79,590	$	27,411	$	62,757	$	266,778
	Charge-offs			-4,987		-13,423		-19,452		-2,661		-18,531		-59,054
	Recoveries			300		4,297		416		55		1,641		6,709
	Provision (release)			3,934		-8,808		16,336		-3,513		18,795		26,744
	Ending balance		$	29,755	$	48,578	$	76,890	$	21,292	$	64,662	$	241,177
	Ending balance: specific reserve for impaired loans		$	16,464	$	16,317	$	22,745	$	8,962	$	3,870	$	68,358
	Ending balance: purchased credit-impaired loans		$	-	$	-	$	-	$	-	$	-	$	-
	Ending balance: general allowance		$	13,291	$	32,261	$	54,145	$	12,330	$	60,792	$	172,819
	Loans held for investment:
	Ending balance		$	2,795,159	$	1,813,930	$	2,647,478	$	148,266	$	2,062,268	$	9,467,101
	Ending balance: impaired loans		$	414,448	$	238,997	$	179,764	$	46,721	$	28,928	$	908,858
	Ending balance: purchased credit-impaired loans		$	99,997	$	3,447	$	-	$	-	$	2,176	$	105,620
	Ending balance: loans with general allowance		$	2,280,714	$	1,571,486	$	2,467,714	$	101,545	$	2,031,164	$	8,452,623
	(In thousands)		Residential Mortgage Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Construction Loans		Consumer Loans		Total
	Six-Month period ended June 30, 2014
	Allowance for loan and lease losses:
	Beginning balance		$	33,110	$	73,138	$	85,295	$	35,814	$	58,501	$	285,858
	Charge-offs			-11,409		-19,233		-41,911		-3,631		-36,577		-112,761
	Recoveries			369		4,332		1,079		672		2,969		9,421
	Provision (release)			7,685		-9,659		32,427		-11,563		39,769		58,659
	Ending balance		$	29,755	$	48,578	$	76,890	$	21,292	$	64,662	$	241,177
	Ending balance: specific reserve for impaired loans		$	16,464	$	16,317	$	22,745	$	8,962	$	3,870	$	68,358
	Ending balance: purchased credit-impaired loans		$	-	$	-	$	-	$	-	$	-	$	-
	Ending balance: general allowance		$	13,291	$	32,261	$	54,145	$	12,330	$	60,792	$	172,819
	Loans held for investment:
	Ending balance		$	2,795,159	$	1,813,930	$	2,647,478	$	148,266	$	2,062,268	$	9,467,101
	Ending balance: impaired loans		$	414,448	$	238,997	$	179,764	$	46,721	$	28,928	$	908,858
	Ending balance: purchased credit-impaired loans		$	99,997	$	3,447	$	-	$	-	$	2,176	$	105,620
	Ending balance: loans with general allowance		$	2,280,714	$	1,571,486	$	2,467,714	$	101,545	$	2,031,164	$	8,452,623
	(In thousands)		Residential Mortgage Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Construction Loans		Consumer Loans		Total
	Quarter ended June 30, 2013
	Allowance for loan and lease losses:
	Beginning balance		$	64,722	$	78,053	$	97,363	$	45,033	$	57,360	$	342,531
	Charge-offs			-5,956		-3,271		-6,488		-2,387		-16,350		-34,452
	Charge-offs related to bulk sale			-97,941		-		-		-31		-		-97,972
	Recoveries			479		18		968		50		1,961		3,476
	Provision (release)			74,277		2,522		5,274		-6,686		12,077		87,464
	Reclassification (1)			-		10,691		-9,440		-1,251		-		-
	Ending balance		$	35,581	$	88,013	$	87,677	$	34,728	$	55,048	$	301,047
	Ending balance: specific reserve for impaired loans		$	20,406	$	33,219	$	36,503	$	21,884	$	2,941	$	114,953
	Ending balance: purchased credit-impaired loans		$	-	$	-	$	-	$	-	$	-	$	-
	Ending balance: general allowance		$	15,175	$	54,794	$	51,174	$	12,844	$	52,107	$	186,094
	Loans held for investment:
	Ending balance		$	2,511,206	$	1,916,509	$	2,775,791	$	194,912	$	2,047,368	$	9,445,786
	Ending balance: impaired loans		$	384,062	$	212,983	$	206,932	$	76,483	$	27,785	$	908,245
	Ending balance: purchased credit-impaired loans		$	-	$	-	$	-	$	-	$	8,285	$	8,285
	Ending balance: loans with general allowance		$	2,127,144	$	1,703,526	$	2,568,859	$	118,429	$	2,011,298	$	8,529,256
	(In thousands)		Residential Mortgage Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Construction Loans		Consumer Loans		Total
	Six-Month period ended June 30, 2013
	Allowance for loan and lease losses:
	Beginning balance		$	68,354	$	97,692	$	146,900	$	61,600	$	60,868	$	435,414
	Charge-offs			-16,653		-19,270		-47,430		-28,246		-31,114		-142,713
	Charge-offs related to bulk sale			-98,972		-40,057		-44,678		-12,784		-		-196,491
	Recoveries			627		38		1,759		147		3,679		6,250
	Provision			82,225		38,919		40,566		15,262		21,615		198,587
	Reclassification (1)			-		10,691		-9,440		-1,251		-		-
	Ending balance		$	35,581	$	88,013	$	87,677	$	34,728	$	55,048	$	301,047
	Ending balance: specific reserve for impaired loans		$	20,406	$	33,219	$	36,503	$	21,884	$	2,941	$	114,953
	Ending balance: purchased credit-impaired loans		$	-	$	-	$	-	$	-	$	-	$	-
Ending balance: general allowance		$	15,175	$	54,794	$	51,174	$	12,844	$	52,107	$	186,094
Loans held for investment:
Ending balance		$	2,511,206	$	1,916,509	$	2,775,791	$	194,912	$	2,047,368	$	9,445,786
Ending balance: impaired loans		$	384,062	$	212,983	$	206,932	$	76,483	$	27,785	$	908,245
Ending balance: purchased credit-impaired loans		$	-	$	-	$	-	$	-	$	8,285	$	8,285
Ending balance: loans with general allowance		$	2,127,144	$	1,703,526	$	2,568,859	$	118,429	$	2,011,298	$	8,529,256
-1	During the second quarter of 2013, after a comprehensive review of substantially all of the loans in our commercial portfolios, the classification of certain loans was revised to more accurately depict the nature of the underlying loans. This reclassification resulted in a net increase of $269.0 million in commercial mortgage loans, since the principal source of repayment for such loans is derived primarily from the operation of the underlying real estate, with a corresponding decrease of $246.8 million in commercial and industrial loans and $22.2 million decrease in construction loans. The Corporation evaluated the impact of this reclassification on the provision for loan losses and determined that the effect of this adjustment was not material to any previously reported results.

LOANS_HELD_FOR_SALE_Tables

LOANS HELD FOR SALE (Tables)	3 Months Ended
	Jun. 30, 2014
Portfolio of Loans Held for Sale	'
		30-Jun-14		31-Dec-13
		(In thousands)
	Residential mortgage loans	$	17,350	$	21,168
	Construction loans		47,802		47,802
	Commercial mortgage loans		6,953		6,999
	Total	$	72,105	$	75,969

DERIVATIVE_INSTRUMENTS_AND_HED1

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Jun. 30, 2014
Notional Amounts of All Derivative Instruments	'
	The following table summarizes the notional amounts of all derivative instruments:
		Notional Amounts
		As of			As of
		June 30,			December 31,
		2014			2013
		(In thousands)
	Undesignated economic hedges:
	Interest rate contracts:
	Interest rate swap agreements	$	30,859		$	31,080
	Written interest rate cap agreements		37,769			38,391
	Purchased interest rate cap agreements		37,769			38,391
	Forward Contracts:
	Sale of TBA GNMA MBS pools		17,000			25,000
		$	123,397		$	132,862
	Notional amounts are presented on a gross basis with no netting of offsetting exposure positions.
Summary of Fair Value of Derivative Instruments and Location in Statement of Financial Condition	'
	The following table summarizes the fair value of derivative instruments and the location in the statement of financial condition:
		Asset Derivatives								Liability Derivatives
		Statement of		June 30,			December 31,					June 30,			December 31,
		Financial		2014			2013					2014			2013
		Condition Location		Fair Value			Fair Value			Statement of Financial Condition Location		Fair Value			Fair Value
		(In thousands)
	Undesignated economic hedges:
	Interest rate contracts:
	Interest rate swap agreements		Other assets		$	99		$	162		Accounts payable and other liabilities		$	3,328		$	3,965
	Written interest rate cap agreements		Other assets			-			-		Accounts payable and other liabilities			16			58
	Purchased interest rate cap agreements		Other assets			16			58		Accounts payable and other liabilities			-			-
	Forward Contracts:
	Sales of TBA GNMA MBS pools		Other assets			-			174		Accounts payable and other liabilities			228			-
				$	115		$	394				$	3,572		$	4,023
Effect of Derivative Instruments on Statement of Income (Loss)	'
	The following table summarizes the effect of derivative instruments on the statement of income (loss):
				Gain (or Loss)								Gain (or Loss)
		Location of Gain or (loss)		Quarter Ended								Six-Month Period Ended
		Recognized in Income on		June 30,								June 30,
	(In thousands)	Derivatives		2014				2013				2014				2013
				(In thousands)
	Undesignated economic hedges:
	Interest rate contracts:
	Interest rate swap agreements used to hedge fixed-rate loans	Interest income - Loans		$		261		$	709			$		574		$	1,099
	Written and purchased interest rate cap agreements	Interest income - Loans				-			-1					-			9
	Forward contracts:
	Sales of TBA GNMA MBS pools	Mortgage banking activities				-237			971					-402			866
	Total gain on derivatives			$		24		$	1,679			$		172		$	1,974
Summary of Interest Rate Swaps	'
				As of			As of
				June 30,			December 31,
				2014			2013
					(Dollars in thousands)
	Pay fixed/receive floating :
	Notional amount			$	30,859		$	31,080
	Weighted-average receive rate at period end				1.84%			1.85%
	Weighted-average pay rate at period end				6.77%			6.77%
	Floating rates range from 167 to 187 basis points over 3-month LIBOR
		As of June 30, 2014, the Corporation has not entered into any derivative instrument containing credit-risk related contingent features.

OFFSETTING_OF_ASSETS_AND_LIABI1

OFFSETTING OF ASSETS AND LIABILITIES (Tables)	3 Months Ended
	Jun. 30, 2014
Text Block [Abstract]	'
Offsetting of assets and liabilties	'
	Offsetting of Financial Assets and Derivative Assets
	(In thousands)
	As of June 30, 2014
												Gross Amounts Not Offset in the Statement of Financial Position
									Net Amounts of Assets Presented in the Statement of Financial Position
			Gross Amounts of Recognized Assets			Gross Amounts Offset in the Statement of Financial Position
															Financial Instruments			Cash Collateral
																					Net Amount
	Description
	Derivatives		$	16		$	-		$	16		$	-16		$	-		$	-
	As of December 31, 2013
												Gross Amounts Not Offset in the Statement of Financial Position
									Net Amounts of Assets Presented in the Statement of Financial Position
			Gross Amounts of Recognized Assets			Gross Amounts Offset in the Statement of Financial Position
															Financial Instruments			Cash Collateral
																					Net Amount
	Description
	Derivatives		$	58		$	-		$	58		$	-58		$	-		$	-
	Offsetting of Financial Liabilities and Derivative Liabilities
	(In thousands)
	As of June 30, 2014
											Gross Amounts Not Offset in the Statement of Financial Position
								Net Amounts of Liabilities Presented in the Statement of Financial Position
		Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Statement of Financial Position
														Financial Instruments			Cash Collateral
																				Net Amount
	Description
	Derivatives		$	3,328		$	-		$	3,328		$	-3,328		$	-		$	-
	Repurchase agreements			600,000			-			600,000			-600,000			-			-
	Total		$	603,328		$	-		$	603,328		$	-603,328		$	-		$	-
	As of December 31, 2013
											Gross Amounts Not Offset in the Statement of Financial Position
								Net Amounts of Liabilities Presented in the Statement of Financial Position
		Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Statement of Financial Position
														Financial Instruments			Cash Collateral
																				Net Amount
	Description
	Derivatives
			$	3,965		$	-		$	3,965		$	-3,965		$	-		$	-
	Repurchase agreements			600,000			-			600,000			-600,000			-			-
	Total		$	603,965		$	-		$	603,965		$	-603,965		$	-		$	-

GOODWILL_AND_OTHER_INTANGIBLES1

GOODWILL AND OTHER INTANGIBLES (Tables)	3 Months Ended
	Jun. 30, 2014
Gross Amount and Accumulated Amortization of Other Intangible Assets	'
	The following table shows the gross amount and accumulated amortization of the Corporation’s intangible assets recognized as part of Other Assets in the consolidated statement of financial condition:
		As of		As of
		June 30,		December 31,
		2014		2013
	(Dollars in thousands)
	Core deposit intangible:
	Gross amount	$	45,844	$	45,844
	Accumulated amortization		-39,644		-38,863
	Net carrying amount	$	6,200	$	6,981
	Remaining amortization period		8.9 years		9.8 years
	Purchased credit card relationship intangible:
	Gross amount	$	24,465	$	24,465
	Accumulated amortization		-6,385		-4,678
	Net carrying amount	$	18,080	$	19,787
	Remaining amortization period		7.5 years		8.0 years

NONCONSOLIDATED_VARIABLE_INTER1

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS (Tables)	3 Months Ended
	Jun. 30, 2014
Summarized income statement information	'
	The following table shows summarized unaudited income statement information of CPG/GS for the quarters and six-month periods ended June 30, 2014 and 2013:
		Quarter Ended						Six-Month Period Ended
		June 30,			June 30,			June 30,			June 30,
		2014			2013			2014			2013
		(In thousands)						(In thousands)
	Revenues, including net realized gains on sale of
	investments in loans and OREO	$	2,118		$	1,040		$	2,869		$	1,719
	Gross (loss) profit	$	-455		$	-1,893		$	-1,963		$	-3,668
	Net (loss) income	$	-2,355		$	-3,877		$	-4,802		$	2,193
Changes in Servicing Assets	'
	The changes in servicing assets are shown below:
			Quarter ended						Six-Month period ended
			June 30,						June 30,
			2014			2013			2014			2013
			(In thousands)
	Balance at beginning of period		$	22,026		$	18,717		$	21,987		$	17,524
	Capitalization of servicing assets			1,017			2,094			2,069			3,814
	Amortization			-790			-796			-1,573			-1,586
	Adjustment to fair value			39			277			-180			557
	Other (1)			-22			-313			-33			-330
	Balance at end of period		$	22,270		$	19,979		$	22,270		$	19,979
	-1	Amount represents the adjustment to fair value related to the repurchase of loans serviced for others.
Changes in Impairment Allowance	'
	Changes in the impairment allowance related to servicing assets were as follows:
		Quarter ended						Six-Month Period Ended
		June 30,						June 30,
		2014			2013			2014			2013
		(In thousands)
	Balance at beginning of period	$	431		$	392		$	212		$	672
	Temporary impairment charges		24			75			243			115
	Recoveries		-63			-352			-63			-672
	Balance at end of period	$	392		$	115		$	392		$	115
Components of Net Servicing Income	'
		The components of net servicing income are shown below:
			Quarter ended						Six-Month Period Ended
			June 30,						June 30,
			2014			2013			2014			2013
			(In thousands)
	Servicing fees		$	1,689		$	2,096		$	3,360		$	3,613
	Late charges and prepayment penalties			177			218			341			431
	Adjustment for loans repurchased			-22			-313			-33			-330
	Other (1)			-689			-148			-1,047			-148
	Servicing income, gross			1,155			1,853			2,621			3,566
	Amortization and impairment of servicing assets			-751			-519			-1,753			-1,029
	Servicing income, net		$	404		$	1,334		$	868		$	2,537
	-1	Mainly consisted of compensatory fees imposed by GSEs and losses related to representations and warranties.
Key Economic Assumptions Used in Determining Fair Value at Time of Sale of Loans	'
	The Corporation’s servicing assets are subject to prepayment and interest rate risks. Key economic assumptions used in determining the fair value at the time of sale ranged as follows:
		Maximum			Minimum
	Six-Month Period Ended June 30, 2014:
	Constant prepayment rate:
	Government guaranteed mortgage loans	9.6	%		9.1	%
	Conventional conforming mortgage loans	9.4	%		8.9	%
	Conventional non-conforming mortgage loans	13.4	%		12.7	%
	Discount rate:
	Government guaranteed mortgage loans	11.5	%		11.5	%
	Conventional conforming mortgage loans	9.5	%		9.5	%
	Conventional non-conforming mortgage loans	13.9	%		13.8	%
	Six-Month Period Ended June 30, 2013:
	Constant prepayment rate:
	Government guaranteed mortgage loans	10.5	%		9.1	%
	Conventional conforming mortgage loans	10.9	%		9.4	%
	Conventional non-conforming mortgage loans	14.3	%		13.5	%
	Discount rate:
	Government guaranteed mortgage loans	12	%		12	%
	Conventional conforming mortgage loans	10	%		10	%
	Conventional non-conforming mortgage loans	14.3	%		14.3	%
Weighted-Averages of Key Economic Assumptions in Valuation Model	'
		(Dollars in thousands)
	Carrying amount of servicing assets	$	22,270
	Fair value	$	24,917
	Weighted-average expected life (in years)		9.15
	Constant prepayment rate (weighted-average annual rate)		9.78%
	Decrease in fair value due to 10% adverse change	$	953
	Decrease in fair value due to 20% adverse change	$	1,846
	Discount rate (weighted-average annual rate)		10.62%
	Decrease in fair value due to 10% adverse change	$	1,045
	Decrease in fair value due to 20% adverse change	$	2,009

DEPOSITS_Tables

DEPOSITS (Tables)	3 Months Ended
	Jun. 30, 2014
Summary of Deposit Balances	'
	The following table summarizes deposit balances:
		June 30,			December 31,
		2014		2013
		(In thousands)
	Type of account:
	Non-interest bearing checking accounts	$	851,038	$	851,212
	Savings accounts		2,387,743		2,334,831
	Interest-bearing checking accounts		1,079,843		1,167,480
	Certificates of deposit		2,215,263		2,384,378
	Brokered CDs		3,096,901		3,142,023
		$	9,630,788	$	9,879,924
Brokered Certificates Of Deposit Mature	'
	Brokered CDs mature as follows:
		June 30,
		2014
		(In thousands)
	Three months or less	$	547,506
	Over three months to six months		475,447
	Over six months to one year		757,172
	One to three years		1,164,461
	Three to five years		116,314
	Over five years		36,001
	Total	$	3,096,901
Components of Interest Expense on Deposits	'
	The following are the components of interest expense on deposits:
		Quarter Ended				Six-Month Period Ended
		June 30,				June 30,
		2014			2013	2014			2013
		(In thousands)				(In thousands)
	Interest expense on deposits	$	17,750	$	21,891	$	36,264	$	45,280
	Amortization of broker placement fees		1,716		2,027		3,501		4,182
	Interest expense on deposits	$	19,466	$	23,918	$	39,765	$	49,462

SECURITIES_SOLD_UNDER_AGREEMEN1

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)	3 Months Ended
	Jun. 30, 2014
Securities Sold Under Agreements to Repurchase	'
	Securities sold under agreements to repurchase (repurchase agreements) consist of the following:
			June 30,			December 31,
			2014 (1)			2013
			(Dollars in thousands)
	Repurchase agreements, interest rates ranging from 2.45% to 3.31%
	(December 31, 2013 - 2.45% to 3.32%)		$	900,000		$	900,000
	-1	As of June 30, 2014, includes $800 million with an average rate of 2.84% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2014. Subsequent to June 30, 2014, no lender has exercised its call option on repurchase agreements. Also includes $700 million that is currently tied to variable rates.
Schedule of Repurchase Agreement Maturity	'
	Repurchase agreements mature as follows:
				30-Jun-14
				(In thousands)
		Over one year to three years		$	600,000
		Three to five years			300,000
		Total		$	900,000
Repurchase Agreements Grouped by Counterparty	'
	Repurchase agreements as of June 30, 2014, grouped by counterparty, were as follows:
		(Dollars in thousands)					Weighted-Average
		Counterparty		Amount			Maturity (In Months)
		Citigroup Global Markets		$	300,000		28
		JP Morgan Chase			200,000		32
		Dean Witter / Morgan Stanley			100,000		40
		Credit Suisse First Boston			300,000		42
				$	900,000

ADVANCES_FROM_THE_FEDERAL_HOME1

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) (Tables)	3 Months Ended
	Jun. 30, 2014
Summary of Advances from FHLB	'
	The following is a summary of the advances from the FHLB:
			June 30,		December 31,
			2014		2013
			(Dollars in thousands)
		Fixed-rate advances from FHLB, with a weighted-
		average interest rate of 1.07%	$	320,000	$	300,000
Advances from FHLB Mature	'
	Advances from FHLB mature as follows:
			June 30,
			2014
			(In thousands)
		One to thirty days	$	20,000
		Over one year to three years		100,000
		Over three years		200,000
		Total	$	320,000

OTHER_BORROWINGS_Tables

OTHER BORROWINGS (Tables)	3 Months Ended
	Jun. 30, 2014
Components of Other Borrowings	'
		June 30,		December 31,
		2014		2013
		(In thousands)
	Junior subordinated debentures due in 2034,
	interest-bearing at a floating rate of 2.75%
	over 3-month LIBOR (2.98% as of June 30, 2014
	and 2.99% as of December 31, 2013)	$	103,093	$	103,093
	Junior subordinated debentures due in 2034,
	interest-bearing at a floating rate of 2.50%
	over 3-month LIBOR (2.73% as of June 30, 2014
	and 2.75% as of December 31, 2013)		128,866		128,866
		$	231,959	$	231,959

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Jun. 30, 2014
EquityAbstract	'
Schedule Of Conversions Of Stock Text Block	'
	The results of the exchange with respect to Series A through E preferred stock were as follows:
				Shares of		Shares of	Aggregate
				preferred		preferred	liquidation
				stock	Shares of	stock	preference		Shares of
			Liquidation	outstanding	preferred	outstanding	after		common
			preference	prior to	stock	after	exchange		stock
			per share	exchange	exchanged	exchange	(in thousands)		issued
	Title of Securities
	7.125% Noncumulative Perpetual
	Monthly Income Preferred
	Stock, Series A	$	25	450,195	252,809	197,386	$	4,935	1,081,652
	8.35% Noncumulative Perpetual
	Monthly Income Preferred
	Stock, Series B	$	25	475,987	179,841	296,146		7,404	769,379
	7.40% Noncumulative Perpetual
	Monthly Income Preferred
	Stock, Series C	$	25	460,611	210,759	249,852		6,246	890,830
	7.25% Noncumulative Perpetual
	Monthly Income Preferred
	Stock, Series D	$	25	510,592	225,070	285,522		7,138	961,724
	7.00% Noncumulative Perpetual
	Monthly Income Preferred
	Stock, Series E	$	25	624,487	209,247	415,240		10,381	893,536
				2,521,872	1,077,726	1,444,146	$	36,104	4,597,121

INCOME_TAXES_Tables

INCOME TAXES (Tables)	3 Months Ended
	Jun. 30, 2014
Text Block [Abstract]	'
Schedule of unrecognized tax benefits	'
		The following table reconciles the balance of UTBs:
			Six-Month Period Ended June 30, 2014		Six-Month Period Ended June 30, 2013
	(In thousands)
	Balance beginning of the year		$	4,310	$	2,374
	Decrease related to positions taken during prior years			-1,763		-
	Balance at end of period		$	2,547	$	2,374

FAIR_VALUE_Tables

FAIR VALUE (Tables)	3 Months Ended
	Jun. 30, 2014
Assets and Liabilities Measured at Fair Value on Recurring Basis	'
	Assets and liabilities measured at fair value on a recurring basis, are summarized below:
		As of June 30, 2014												As of December 31, 2013
		Fair Value Measurements Using												Fair Value Measurements Using
	(In thousands)	Level 1			Level 2			Level 3			Assets/Liabilities at Fair Value			Level 1			Level 2		Level 3		Assets/Liabilities at Fair Value
	Assets:
	Securities available for sale :
	Equity securities	$	9		$	-		$	-		$	9		$	33		$	-	$	-	$	33
	U.S. Treasury Securities		7,497			-			-			7,497			7,499			-		-		7,499
	Noncallable U.S. agency debt		-			207,377			-			207,377			-			200,903		-		200,903
	Callable U.S. agency debt and MBS		-			1,699,358			-			1,699,358			-			1,677,651		-		1,677,651
	Puerto Rico government obligations		-			42,248			2,734			44,982			-			48,904		2,426		51,330
	Private label MBS		-			-			38,184			38,184			-			-		40,866		40,866
	Derivatives, included in assets:
	Interest rate swap agreements		-			99			-			99			-			162		-		162
	Purchased interest rate cap agreements		-			16			-			16			-			58		-		58
	Forward contracts		-			-			-			-			-			174		-		174
	Liabilities:
	Derivatives, included in liabilities:
	Interest rate swap agreements		-			3,328			-			3,328			-			3,965		-		3,965
	Written interest rate cap agreement		-			16			-			16			-			58		-		58
	Forward contracts		-			228			-			228			-			-		-		-
Fair Value of Assets and Liabilities Measured on Recurring Basis	'
			Total Fair Value Measurements
			Quarter ended June 30,
			2014			2013
	Level 3 Instruments Only		Securities			Securities
	(In thousands)		Available For Sale(1)			Available For Sale(1)
	Beginning balance		$	47,510		$	52,047
	Total gains or losses (realized/unrealized):
	Included in other comprehensive income			729			29
	Sales			-4,855			0
	Principal repayments and amortization			-2,466			-3,416
	Ending balance		$	40,918		$	48,660
	-1	Amounts mostly related to private label mortgage-backed securities.
			Total Fair Value Measurements
			Six-Month Period Ended June 30,
			2014			2013
	Level 3 Instruments Only		Securities			Securities
	(In thousands)		Available For Sale(1)			Available For Sale(1)
	Beginning balance		$	43,292		$	54,617
	Total gains or losses (realized/unrealized):
	Included in earnings			-			-117
	Included in other comprehensive income			1,693			860
	Purchases			5,123			-
	Sales			-4,855			-
	Principal repayments and amortization			-4,335			-6,700
	Ending balance		$	40,918		$	48,660
	-1	Amounts mostly related to private label mortgage-backed securities.
Impairment or Valuation Adjustments were Recorded for Assets Recognized at Fair Value	'
	The tables below summarize changes in unrealized gains and losses recorded in earnings for the quarters and six-month periods ended June 30, 2014 and 2013 for Level 3 assets and liabilities that are still held at the end of each period:
			Changes in Unrealized Losses			Changes in Unrealized Losses
			Quarter ended June 30, 2014			Quarter ended June 30, 2013
	Level 3 Instruments Only		Securities			Securities
	(In thousands)		Available For Sale			Available For Sale
	Changes in unrealized losses relating to assets still held at reporting date:
	Net impairment losses on available-for-sale investment securities (credit component)		$	-		$	0
				Changes in Unrealized Losses			Changes in Unrealized Losses
				Six-Month Period Ended June 30, 2014			Six-Month Period Ended June 30, 2013
	Level 3 Instruments Only		Securities			Securities
	(In thousands)		Available For Sale			Available For Sale
	Changes in unrealized losses relating to assets still held at reporting date:
	Net impairment losses on available-for-sale investment securities (credit component)		$	0		$	-117
	As of June 30, 2014, impairment or valuation adjustments were recorded for assets recognized at fair value on a non-recurring basis as shown in the following table:
			Carrying value as of June 30, 2014									(Losses) Gain recorded for the Quarter Ended June 30, 2014			(Losses) Gain recorded for the Six-Month Period Ended June 30, 2014
			Level 1			Level 2			Level 3
				(In thousands)
	Loans receivable (1)		$	-		$	-		$	484,381		$	-3,742		$	-34,193
	OREO (2)			-			-			121,842			-4,481			-8,958
	Mortgage servicing rights (3)			-			-			22,270			39			-180
	Loans Held For Sale (4)			-			-			54,755			0			0
	-1	Mainly impaired commercial and construction loans. The impairment was generally measured based on the fair value of the collateral. The fair value was derived from external appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g. absorption rates), which are not market observable.
	-2	The fair value was derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g. absorption rates, net operating income of income producing properties) which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio.
	-3	Fair value adjustments to mortgage servicing rights were mainly due to assumptions associated with mortgage prepayment rates. The Corporation carries its mortgage servicing rights at the lower of cost or market, measured at fair value on a non-recurring basis. Assumptions for the value of mortgage servicing rights include: Prepayment rate 9.78%, Discount Rate 10.62%.
	-4	The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans, and for loans with signed sale agreements, the value was determined based on the sales price on such agreements.
	As of June 30, 2013, impairment or valuation adjustments were recorded for assets recognized at fair value on a non-recurring basis as shown in the following table:
			Carrying value as of June 30, 2013									(Losses) Gain recorded for the Quarter Ended June 30, 2013			(Losses) Gain recorded for the Six-Month Period Ended June 30, 2013
			Level 1			Level 2			Level 3
			(In thousands)
	Loans receivable (1)		$	-		$	-		$	409,056		$	-3,534		$	-14,192
	Other Real Estate Owned (2)			-			-			139,257			-9,181			-12,106
	Mortgage servicing rights (3)			-			-			19,979			277			557
	Loans Held For Sale (4)			-			142,632			94,951			-6,103			-11,325
	-1	Mainly impaired commercial and construction loans. The impairment was generally measured based on the fair value of the collateral. The fair value was derived from external appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g. absorption rates), which are not market observable.
	-2	The fair value was derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g. absorption rates, net operating income of income producing properties) which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio.
	-3	Fair value adjustments to the mortgage servicing rights were mainly due to assumptions associated with mortgage prepayments rates. The Corporation carries its mortgage servicing rights at the lower of cost or market, measured at fair value on a non-recurring basis. Assumptions for the value of mortgage servicing rights include: Prepayment Rate 9.40%, Discount Rate 11.06%.
	-4	The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans, and, for loans with signed sale agreements, the value was determined based on the sales price on such agreements.
Estimated Fair Value and Carrying Value of Financial Instruments	'
	The following table presents the estimated fair value and carrying value of financial instruments as of June 30, 2014 and December 31, 2013:
		Total Carrying Amount in Statement of Financial Condition June 30, 2014			Fair Value Estimate June 30, 2014			Level 1			Level 2			Level 3
		(In thousands)
	Assets:
	Cash and due from banks and money
	market investments	$	677,662		$	677,662		$	677,662		$	-		$	-
	Investment securities available
	for sale		1,997,408			1,997,408			7,506			1,948,984			40,918
	Other equity securities		29,141			29,141			-			29,141			-
	Loans held for sale		72,105			72,807			-			18,052			54,755
	Loans, held for investment		9,467,101
	Less: allowance for loan and lease losses		-241,177
	Loans held for investment, net of allowance	$	9,225,924			8,892,011			-			-			8,892,011
	Derivatives, included in assets		115			115			-			115			-
	Liabilities:
	Deposits		9,630,788			9,644,647			-			9,644,647			-
	Securities sold under agreements to repurchase		900,000			977,620			-			977,620			-
	Advances from FHLB		320,000			319,505			-			319,505			-
	Other borrowings		231,959			115,954			-			-			115,954
	Derivatives, included in liabilities		3,572			3,572			-			3,572			-
		Total Carrying Amount in Statement of Financial Condition December 31, 2013			Fair Value Estimate December 31, 2013			Level 1			Level 2			Level 3
		(In thousands)
	Assets:
	Cash and due from banks and money
	market investments	$	655,671		$	655,671		$	655,671		$	-		$	-
	Investment securities available
	for sale		1,978,282			1,978,282			7,532			1,927,458			43,292
	Other equity securities		28,691			28,691			-			28,691			-
	Loans held for sale		75,969			76,684			-			21,883			54,801
	Loans, held for investment		9,636,170
	Less: allowance for loan and lease losses		-285,858
	Loans held for investment, net of allowance	$	9,350,312			9,127,234			-			-			9,127,234
	Derivatives, included in assets		394			394			-			394			-
	Liabilities:
	Deposits		9,879,924			9,898,615			-			9,898,615			-
	Securities sold under agreements to repurchase		900,000			976,151			-			976,151			-
	Advances from FHLB		300,000			297,523			-			297,523			-
	Other borrowings		231,959			106,772			-			-			106,772
	Derivatives, included in liabilities		4,023			4,023			-			4,023			-
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]	'
	Qualitative information regarding the fair value measurements for Level 3 financial instruments are as follows:
		30-Jun-14
		Method		Inputs
	Loans	Income, Market, Comparable Sales, Discounted Cash Flows		External appraised values; probability weighting of broker price opinions; management assumptions regarding market trends or other relevant factors
	OREO	Income, Market, Comparable Sales, Discounted Cash Flows		External appraised values; probability weighting of broker price opinions; management assumptions regarding market trends or other relevant factors
	Mortgage servicing rights	Discounted Cash Flow		Weighted average prepayment rate 9.78%; weighted average discount rate 10.62%
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	'
	The table below presents qualitative information for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) at June 30, 2014:
		30-Jun-14
	(In thousands)	Fair Value			Valuation Technique		Unobservable Input		Range
	Investment securities available-for-sale:
	Private label MBS	$	38,184		Discounted cash flow		Discount rate		14.50%
							Prepayment rate		18.15% -100% (Weighted Average 32%)
							Projected cumulative loss rate		0.90% -80.00% (Weighted Average 8.5%)
	Puerto Rico Government Obligations		2,734		Discounted cash flow		Prepayment speed		5.57%

SUPPLEMENTAL_CASH_FLOW_INFORMA1

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	3 Months Ended
	Jun. 30, 2014
Supplemental Cash Flow Information	'
		Six-Month Period Ended June 30,
		2014		2013
		(In thousands)
	Cash paid for:
	Interest on borrowings	$	51,817	$	64,075
	Income tax		2,524		2,141
	Non-cash investing and financing activities:
	Additions to other real estate owned		13,267		42,526
	Additions to auto and other repossessed assets		43,091		31,236
	Capitalization of servicing assets		2,069		3,814
	Loan securitizations		104,236		159,140
	Loans held for investment transferred to held for sale		-		181,620

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	3 Months Ended
	Jun. 30, 2014
Information about the Reportable Segments	'
	The following table presents information about the reportable segments:
	(In thousands)	Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate			Treasury and Investments			United States Operations		Virgin Islands Operations		Total
	For the quarter ended June 30, 2014:
	Interest income	$	27,444		$	54,869		$	40,825		$	13,988		$	10,879	$	10,418	$	158,423
	Net (charge) credit for transfer of funds		-8,736			4,136			-3,049			4,584			3,065		-		-
	Interest expense		-			-5,882			-			-16,783			-4,855		-996		-28,516
	Net interest income		18,708			53,123			37,776			1,789			9,089		9,422		129,907
	(Provision) release for loan and lease losses		-4,089			-19,475			-14,179			-			10,481		518		-26,744
	Non-interest income		2,701			10,005			1,150			344			711		1,690		16,601
	Direct non-interest expenses		-10,340			-31,510			-14,694			-1,514			-7,269		-8,664		-73,991
	Segment income	$	6,980		$	12,143		$	10,053		$	619		$	13,012	$	2,966	$	45,773
	Average earnings assets	$	2,029,859		$	2,031,391		$	3,683,746		$	2,714,179		$	883,822	$	670,692	$	12,013,689
	(In thousands)	Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate			Treasury and Investments			United States Operations		Virgin Islands Operations		Total
	For the quarter ended June 30, 2013:
	Interest income	$	27,469		$	57,984		$	42,476		$	12,584		$	9,055	$	11,102	$	160,670
	Net (charge) credit for transfer of funds		-9,631			-681			-3,592			11,552			2,352		-		-
	Interest expense		-			-6,992			-			-20,212			-5,583		-995		-33,782
	Net interest income		17,838			50,311			38,884			3,924			5,824		10,107		126,888
	(Provision) release for loan and lease losses		-68,944			-12,142			-6,221			-			3,943		-4,100		-87,464
	Non-interest income (loss)		238			9,555			1,330			-65,565			275		1,856		-52,311
	Direct non-interest expenses		-16,570			-30,198			-13,993			-1,549			-7,532		-15,358		-85,200
	Segment (loss) income	$	-67,438		$	17,526		$	20,000		$	-63,190		$	2,510	$	-7,495	$	-98,087
	Average earnings assets	$	2,093,238		$	2,021,367		$	3,971,083		$	2,774,670		$	746,384	$	657,946	$	12,264,688
		Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate			Treasury and Investments			United States Operations		Virgin Islands Operations		Total
	Six-month period ended June 30, 2014:
	Interest income	$	53,192		$	110,681		$	83,124		$	29,571		$	21,775	$	20,651	$	318,994
	Net (charge) credit for transfer of funds		-17,282			7,771			-6,048			10,384			5,175		-		-
	Interest expense		-			-12,678			-			-33,544			-9,652		-1,893		-57,767
	Net interest income		35,910			105,774			77,076			6,411			17,298		18,758		261,227
	(Provision) release for loan and lease losses		-7,473			-39,970			-27,524			-			16,440		-132		-58,659
	Non-interest income		5,803			20,635			2,917			397			1,152		3,657		34,561
	Direct non-interest expenses		-20,172			-63,525			-27,272			-2,640			-14,489		-17,688		-145,786
	Segment income	$	14,068		$	22,914		$	25,197		$	4,168		$	20,401	$	4,595	$	91,343
	Average earnings assets	$	1,993,129		$	1,951,587		$	3,869,311		$	2,712,564		$	865,091	$	663,172	$	12,054,854
		Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate			Treasury and Investments			United States Operations		Virgin Islands Operations		Total
	Six-month period ended June 30, 2013:
	Interest income	$	55,689		$	116,243		$	85,805		$	24,044		$	17,704	$	21,410	$	320,895
	Net (charge) credit for transfer of funds		-19,902			-1,719			-7,740			24,515			4,846		-		-
	Interest expense		-			-13,841			-			-41,975			-11,700		-1,998		-69,514
	Net interest income		35,787			100,683			78,065			6,584			10,850		19,412		251,381
	(Provision) release for loan and lease losses		-77,532			-22,323			-92,332			-			2,434		-8,834		-198,587
	Non-interest income (loss)		4,588			20,297			2,789			-65,733			887		4,028		-33,144
	Direct non-interest expenses		-28,218			-59,866			-31,581			-3,955			-14,254		-24,494		-162,368
	Segment (loss) income	$	-65,375		$	38,791		$	-43,059		$	-63,104		$	-83	$	-9,888	$	-142,718
	Average earnings assets	$	2,096,464		$	1,943,173		$	4,150,227		$	2,732,539		$	713,072	$	667,587	$	12,303,062
Reconciliation of the Reportable Segment Financial Information	'
	The following table presents a reconciliation of the reportable segment financial information to the consolidated totals:
				Quarter Ended						Six-Month Period Ended
				June 30,						June 30,
				2014			2013			2014			2013
	Net income (loss):
	Total income (loss) for segments and other			$	45,773		$	-98,087		$	91,343		$	-142,718
	Other non-interest (loss) income (1)				-670			648			-7,280			-4,890
	Other operating expenses (2)				-24,154			-26,123			-45,144			-46,965
	Income (loss) before income taxes				20,949			-123,562			38,919			-194,573
	Income tax benefit (expense)				276			979			-611			-643
	Total consolidated net income (loss)			$	21,225		$	-122,583		$	38,308		$	-195,216
	Average assets:
	Total average earning assets for segments			$	12,013,689		$	12,264,688		$	12,054,854		$	12,303,062
	Other average earning assets (1)				152			17,841			3,343			20,797
	Average non-earning assets				640,718			654,304			656,179			681,489
	Total consolidated average assets			$	12,654,559		$	12,936,833		$	12,714,376		$	13,005,348
	-1	The activities related to the Bank's equity interest in CPG/GS are presented as an Other non-interest income (loss) and as Other average earning assets in the table above.
	-2	Expenses pertaining to corporate administrative functions that support the operating segments 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.

FIRST_BANCORP_Holding_Company_1

FIRST BANCORP. (Holding Company Only) Financial Information (Tables)	3 Months Ended
	Jun. 30, 2014
Statements of Financial Condition	'
	Statements of Financial Condition
		As of June 30,			As of December 31,
		2014		2013
		(In thousands)
	Assets
	Cash and due from banks	$	30,862	$	31,957
	Money market investments		6,111		6,111
	Investment securities available for sale, at market:
	Equity investments		9		33
	Other investment securities		285		285
	Loans held for investment, net		345		356
	Investment in First Bank Puerto Rico, at equity		1,496,636		1,403,612
	Investment in First Bank Insurance Agency, at equity		11,215		9,834
	Investment in FBP Statutory Trust I		3,093		3,093
	Investment in FBP Statutory Trust II		3,866		3,866
	Other assets		4,186		4,101
	Total assets	$	1,556,608	$	1,463,248
	Liabilities and Stockholders' Equity
	Liabilities:
	Other borrowings	$	231,959	$	231,959
	Accounts payable and other liabilities		18,648		15,431
	Total liabilities		250,607		247,390
	Stockholders' equity		1,306,001		1,215,858
	Total liabilities and stockholders' equity	$	1,556,608	$	1,463,248
Statements of Income (Loss)	'
		Quarter Ended				Six-Month Period Ended
		June 30,				June 30,
		2014		2013		2014		2013
		(In thousands)				(In thousands)
	Income:
	Interest income on money market investments	$	5	$	6	$	10	$	11
	Other income		55		72		108		124
			60		78		118		135
	Expense:
	Notes payable and other borrowings		1,786		1,763		3,546		3,509
	Other operating expenses		768		806		1,274		2,609
			2,554		2,569		4,820		6,118
	Impairment on equity securities		-		-42		0		-42
	Loss before income taxes and equity
	in undistributed earnings (losses) of subsidiaries		-2,494		-2,533		-4,702		-6,025
	Income tax provision		-2		-		-4		-
	Equity in undistributed earnings (losses) of subsidiaries		23,721		-120,050		43,014		-189,191
	Net income (loss)	$	21,225	$	-122,583	$	38,308	$	-195,216
	Other Comprehensive income (loss), net of tax		27,790		-59,964		50,329		-68,574
	Comprehensive income (loss)	$	49,015	$	-182,547	$	88,637	$	-263,790

BASIS_OF_PRESENTATION_AND_SIGN1

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Detail) (USD $)	0 Months Ended
In Millions, unless otherwise specified	30-May-12
Significant Accounting Policies [Line Items]	'
Purchased credit cards portfolio	$406

EARNINGS_PER_COMMON_SHARE_Calc

EARNINGS PER COMMON SHARE - Calculations of Earnings Per Common Share (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net Income (Loss):	'	'	'	'
Net income (loss)	$21,225	($122,583)	$38,308	($195,216)
Excess of carrying amount of preferred stock exchanged over fair value of new common stock	1,280	0	1,659	0
Net income (loss) attributable to common stockholders	22,505	-122,583	39,967	-195,216
Weighted-Average Shares:	'	'	'	'
Basic weighted-average common shares outstanding	208,202	205,490	206,974	205,477
Average potential common shares	1,942	0	1,543	0
Diluted weighted-average number of common shares outstanding	210,144	205,490	208,517	205,477
Income (loss) per common share:	'	'	'	'
Basic	$0.11	($0.60)	$0.19	($0.95)
Diluted	$0.11	($0.60)	$0.19	($0.95)
Retained Earnings [Member]	'	'	'	'
Net Income (Loss):	'	'	'	'
Net income (loss)	'	'	38,308	-195,216
Excess of carrying amount of preferred stock exchanged over fair value of new common stock	'	'	$1,659	$0

EARNINGS_PER_COMMON_SHARE_Addi

EARNINGS PER COMMON SHARE - Additional Information (Detail)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2013	Jun. 30, 2013
			Restricted Stock [Member]	Stock Option [Member]	Stock Option [Member]	Stock Option [Member]	Warrant [Member]
Earnings Per Share Diluted [Line Items]	'	'	'	'	'	'	'
Antidilutive effect on earnings per share	'	'	'	82,575	104,499	104,499	1,285,899
Unvested shares of restricted stock	2,328,840	1,411,185	1,442,427	'	'	'	'

STOCKBASED_COMPENSATION_Additi

STOCK-BASED COMPENSATION - Additional Information (Detail) (USD $)

3 Months Ended

6 Months Ended

121 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jan. 21, 2007

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Reversal [Member]

Chief Executive Officer [Member]

Senior Executives

Omnibus Plan [Member]

Omnibus Plan [Member]

Omnibus Plan [Member]

Troubled Asset Relief Program [Member]

Troubled Asset Relief Program [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

First Fifty Percentage Restricted Stock Nonvest Awards [Member]

First Fifty Percentage Restricted Stock Nonvest Awards [Member]

First Fifty Percentage Restricted Stock Nonvest Awards [Member]

Other Fifty Percentage Restricted Stock Nonvest Awards [Member]

Other Fifty Percentage Restricted Stock Nonvest Awards [Member]

Other Fifty Percentage Restricted Stock Nonvest Awards [Member]

Board Of Directors [Member]

Senior Executives

Senior Executives

Omnibus Plan [Member]

Troubled Asset Relief Program [Member]

Troubled Asset Relief Program [Member]

Troubled Asset Relief Program [Member]

Omnibus Plan [Member]

Omnibus Plan [Member]

Chief Executive Officer [Member]

Chief Executive Officer [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Authorized granting up shares

'

'

'

579,740

'

'

'

8,169,807

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of common shares outstanding above which option granted cannot exceed

'

'

'

20.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum term to exercise options

'10 years 0 months 0 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Granted shares

'

'

'

'

'

'

'

'

'

147,781

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of Share vest during period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50.00%

50.00%

'

50.00%

50.00%

Percentage increments repayment under TARP

'

'

'

'

'

'

'

'

'

'

25.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share based compensation cost

'

'

'

'

$5,000

'

$800,000

'

'

'

'

'

$800,000

$400,000

$1,200,000

$600,000

'

'

'

'

'

'

'

'

'

'

'

Granted shares of restricted stock

'

'

1,020,978

'

'

810,138

'

'

210,840

'

'

653,138

'

'

'

'

'

701,405

'

'

582,905

'

'

'

'

'

'

Restricted stock vesting period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'2 years 0 months 0 days

'2 years 0 months 0 days

'

'3 years 0 months 0 days

'3 years 0 months 0 days

'

Restricted stock granted to Board of Directors

'

'

-101,323

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock based compensation expense unrecognized related to nonvested shares of restricted stock

$4,400,000

'

$4,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Period for cost recognition not yet recognized

'1 year 8 months 12 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value Of Restricted Stock Granted

'

'

'

'

'

'

'

'

'

'

'

'

'

$6.03

'

'

'

'

'

$2.63

$3.02

'

'

'

'

'

'

Weighted-Average Grant Date Fair Value of Stocks

'

'

$3.52

'

'

'

'

'

'

$5.24

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Holding Period By The Us Treasury Of Outstanding Common Stock

'2 years 0 months 0 days

'2 years 0 months 0 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of appreciation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

16.00%

'

13.00%

'

'

'

'

'

'

Repurchased of common stock

'

'

'

'

'

'

'

'

'

49,145

'

'

'

'

23,555

'

72,700

'

'

'

'

'

'

'

'

'

'

STOCKBASED_COMPENSATION_Activi

STOCK-BASED COMPENSATION - Activity of Stock Options (Detail) (USD $)	3 Months Ended	6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'	'
Number of options, Beginning of year	'	101,435
Number of Options, expired	'	-12,795
Number of Options, cancelled	'	-6,065
Number of options, End of period outstanding and exercisable	82,575	82,575
Weighted-Average Exercise Price, beginning of year	'	$206.95
Weighted-Average Exercise Price, Options expired	'	$321.75
Weighted-Average Exercise Price, Options cancelled	'	$226.15
Weighted-Average Exercise Price, End of period outstanding and exercisable	$187.75	$187.75
Weighted- Average Remaining Contractual Term (Years),End of period outstanding and exercisable	'1 year 10 months 24 days	'
Aggregate Intrinsic Value, End of period outstanding and exercisable	$0	$0

STOCKBASED_COMPENSATION_Restri

STOCK-BASED COMPENSATION - Restricted Stock Activity Under Omnibus Plan (Detail) (USD $)	6 Months Ended
	Jun. 30, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'
Number of non-vested shares of restricted stock, beginning of period	1,411,185
Granted shares of restricted stock	1,020,978
Vested	-101,323
Forefeited	-2,000
Number of non-vested shares of restricted stock, end of period	2,328,840
Weighted-Average Grant Date Fair Value, beginning of period	$3.04
Weighted-Average Grant Date Fair Value of Stocks	$3.52
Weighted-Averages Grant Date Dair Value, Forefeitures	$6.03
Weighted-Averages Grant Date Fair Value, Vested	$4.39
Weighted-Average Grant Date Fair Value, end of period	$3.20

INVESTMENT_SECURITIES_Investme

INVESTMENT SECURITIES - Investment Securities Available for Sale (Detail) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Dec. 31, 2013
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	$2,018,062		$2,049,262
Non credit loss component of OTTI recorded in OCI	13,123		14,310
Unrealized gain on available-for-sale securities	31,167		22,125
Gross unrealized losses	38,698		78,795
Fair value	1,997,408		1,978,282
Weighted average yield	2.56%		2.57%
Puerto Rico Government obligations [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	61,100		'
Fair value	45,000		'
United States And Puerto Rico Government Obligations [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	332,830		342,777
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	4		1
Gross unrealized losses	23,499		34,454
Fair value	309,335		308,324
Weighted average yield	1.91%		1.96%
Mortgage Backed Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	1,685,197		1,706,450
Non credit loss component of OTTI recorded in OCI	13,123		14,310
Unrealized gain on available-for-sale securities	31,163		22,124
Gross unrealized losses	15,173		44,339
Fair value	1,688,064		1,669,925
Weighted average yield	2.69%		2.69%
Government National Mortgage Association Certificates And Obligations G N M A [Member] | Mortgage Backed Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	396,521		426,475
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	22,010		18,533
Gross unrealized losses	0		0
Fair value	418,531		445,008
Weighted average yield	3.83%		3.82%
Federal National Mortgage Association Certificates And Obligations F N M A [Member] | Mortgage Backed Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	901,871		891,952
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	7,799		3,457
Gross unrealized losses	11,875		33,626
Fair value	897,795		861,783
Weighted average yield	2.40%		2.38%
Mortgage Backed Securities Issued By Private Enterprises [Member] | Mortgage Backed Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	51,307		55,175
Non credit loss component of OTTI recorded in OCI	13,123		14,310
Unrealized gain on available-for-sale securities	0		1
Gross unrealized losses	0		0
Fair value	38,184		40,866
Weighted average yield	2.21%		2.24%
Due Within One Year [Member] | U S Treasury Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	7,494		7,498
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	3		1
Gross unrealized losses	0		0
Fair value	7,497		7,499
Weighted average yield	0.11%		0.12%
Due Within One Year [Member] | Puerto Rico Government obligations [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	'		10,000
Non credit loss component of OTTI recorded in OCI	'		0
Unrealized gain on available-for-sale securities	'		0
Gross unrealized losses	'		210
Fair value	'		9,790
Weighted average yield	'		3.50%
After One To Five Years [Member] | US Government Sponsored Enterprises Debt Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	50,000		50,000
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	0		0
Gross unrealized losses	521		1,408
Fair value	49,479		48,592
Weighted average yield	1.05%		1.05%
After One To Five Years [Member] | Puerto Rico Government obligations [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	39,807		0
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	0		0
Gross unrealized losses	10,807		0
Fair value	29,000		0
Weighted average yield	4.49%		0.00%
After One To Five Years [Member] | Government National Mortgage Association Certificates And Obligations G N M A [Member] | Mortgage Backed Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	59		86
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	2		4
Gross unrealized losses	0		0
Fair value	61		90
Weighted average yield	3.39%		3.48%
After One To Five Years [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member] | Mortgage Backed Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	5,114		1,389
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	237		84
Gross unrealized losses	0		0
Fair value	5,351		1,473
Weighted average yield	3.46%		4.82%
After One To Five Years [Member] | Collateralized Mortgage Obligations Issued And Guaranteed By Fhlmc Fnma And Gnma [Member] | Mortgage Backed Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	9		82
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	0		0
Gross unrealized losses	0		1
Fair value	9		81
Weighted average yield	3.01%		3.01%
After Five To Ten Years [Member] | US Government Sponsored Enterprises Debt Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	214,245		214,271
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	0		0
Gross unrealized losses	6,868		13,368
Fair value	207,377		200,903
Weighted average yield	1.31%		1.31%
After Five To Ten Years [Member] | Puerto Rico Government obligations [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	885		40,699
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	1		0
Gross unrealized losses	0		12,962
Fair value	886		27,737
Weighted average yield	5.20%		4.51%
After Five To Ten Years [Member] | Government National Mortgage Association Certificates And Obligations G N M A [Member] | Mortgage Backed Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	1,620		800
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	91		37
Gross unrealized losses	0		0
Fair value	1,711		837
Weighted average yield	3.30%		2.47%
After Five To Ten Years [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member] | Mortgage Backed Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	7,627		7,765
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	485		389
Gross unrealized losses	0		0
Fair value	8,112		8,154
Weighted average yield	3.81%		4.09%
After Five To Ten Years [Member] | Mortgage Backed Securities Issued By Private Enterprises [Member] | Mortgage Backed Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	120		127
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	0		1
Gross unrealized losses	0		0
Fair value	120		128
Weighted average yield	7.27%		7.27%
After Ten Years [Member] | Puerto Rico Government obligations [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	20,399		20,309
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	0		0
Gross unrealized losses	5,303		6,506
Fair value	15,096		13,803
Weighted average yield	5.82%		5.82%
After Ten Years [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member] | Mortgage Backed Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	335,489		332,766
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	1,354		133
Gross unrealized losses	3,298		10,712
Fair value	333,545		322,187
Weighted average yield	2.20%		2.16%
After Ten Years [Member] | Government National Mortgage Association Certificates And Obligations G N M A [Member] | Mortgage Backed Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	394,842		425,589
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	21,917		18,492
Gross unrealized losses	0		0
Fair value	416,759		444,081
Weighted average yield	3.83%		3.82%
After Ten Years [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member] | Mortgage Backed Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	889,130		882,798
Non credit loss component of OTTI recorded in OCI	0		0
Unrealized gain on available-for-sale securities	7,077		2,984
Gross unrealized losses	11,875		33,626
Fair value	884,332		852,156
Weighted average yield	2.38%		2.36%
After Ten Years [Member] | Mortgage Backed Securities Issued By Private Enterprises [Member] | Mortgage Backed Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	51,187		55,048
Non credit loss component of OTTI recorded in OCI	13,123		14,310
Unrealized gain on available-for-sale securities	0		0
Gross unrealized losses	0		0
Fair value	38,064		40,738
Weighted average yield	2.21%		2.24%
Equity Securities [Member]	'		'
Schedule Of Available For Sale Securities [Line Items]	'		'
Amortized cost	35	[1]	35	[1]
Non credit loss component of OTTI recorded in OCI	0	[1]	0	[1]
Unrealized gain on available-for-sale securities	0	[1]	0	[1]
Gross unrealized losses	26	[1]	2	[1]
Fair value	$9	[1]	$33	[1]
Weighted average yield	0.00%		0.00%
[1]	B Represents common shares of another financial institution in Puerto Rico.

INVESTMENT_SECURITIES_Addition

INVESTMENT SECURITIES - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
	minimumcreditscore		minimumcreditscore
Schedule Of Investments [Line Items]	'	'	'	'	'
Proceeds from sale of available-for-sale securities	'	'	$4,855,000	$0	'
Percentage Of Debt Securities Government And Government Sponsored Agencies	96.00%	'	96.00%	'	'
Minimum Credit Score	700	'	700	'	'
Maximum loan to value ratio	80.00%	'	'	'	'
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities	'	'	114,277,000	207,810,000	'
Total investment securities available for sale	1,997,408,000	'	1,997,408,000	'	1,978,282,000
Impairement on equity securities	291,000	-42,000	291,000	-42,000	'
Fair value	1,997,408,000	'	1,997,408,000	'	1,978,282,000
Amortized cost	2,018,062,000	'	2,018,062,000	'	2,049,262,000
Unrealized losses	38,698,000	'	'	'	78,795,000
Weighted average yield	2.56%	'	2.56%	'	2.57%
Mortgage Backed Securities Issued By Private Enterprises [Member]	'	'	'	'	'
Schedule Of Investments [Line Items]	'	'	'	'	'
Amortized cost of private label of mortgage backed security	51,200,000	'	51,200,000	'	'
Puerto Rico Government obligations [Member]	'	'	'	'	'
Schedule Of Investments [Line Items]	'	'	'	'	'
Total investment securities available for sale	45,000,000	'	45,000,000	'	'
Fair value	45,000,000	'	45,000,000	'	'
Amortized cost	61,100,000	'	61,100,000	'	'
Change in net unrealized gains	$3,600,000	'	'	'	'

INVESTMENT_SECURITIES_Availabl

INVESTMENT SECURITIES - Available-For-Sale Investments' Fair Value And Gross Unrealized Losses (Detail) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Schedule Of Available For Sale Securities [Line Items]	'	'
Fair Value Less than 12 months	$40,017	$1,232,981
Unrealized Losses Less than 12 months	93	59,230
Fair Value 12 months or more	1,112,281	143,119
Unrealized Losses 12 months or more	51,728	33,875
Total Fair Value	1,152,298	1,376,100
Total Unrealized Losses	51,821	93,105
Equity Securities [Member]	'	'
Schedule Of Available For Sale Securities [Line Items]	'	'
Fair Value Less than 12 months	9	33
Unrealized Losses Less than 12 months	26	2
Fair Value 12 months or more	0	0
Unrealized Losses 12 months or more	0	0
Total Fair Value	9	33
Total Unrealized Losses	26	2
Debt Securities [Member] | Puerto Rico Government Obligations [Member]	'	'
Schedule Of Available For Sale Securities [Line Items]	'	'
Fair Value Less than 12 months	0	23,156
Unrealized Losses Less than 12 months	0	5,977
Fair Value 12 months or more	44,096	28,174
Unrealized Losses 12 months or more	16,110	13,701
Total Fair Value	44,096	51,330
Total Unrealized Losses	16,110	19,678
Debt Securities [Member] | US States And Political Subdivisions Member [Member]	'	'
Schedule Of Available For Sale Securities [Line Items]	'	'
Fair Value Less than 12 months	0	175,369
Unrealized Losses Less than 12 months	0	8,913
Fair Value 12 months or more	256,856	74,126
Unrealized Losses 12 months or more	7,389	5,863
Total Fair Value	256,856	249,495
Total Unrealized Losses	7,389	14,776
Mortgage Backed Securities [Member] | Collateralized Mortgage Obligations Member	'	'
Schedule Of Available For Sale Securities [Line Items]	'	'
Fair Value Less than 12 months	0	0
Unrealized Losses Less than 12 months	0	0
Fair Value 12 months or more	9	81
Unrealized Losses 12 months or more	0	1
Total Fair Value	9	81
Total Unrealized Losses	0	1
Mortgage Backed Securities [Member] | Other-mortgage pass-through trust certificates [Member]	'	'
Schedule Of Available For Sale Securities [Line Items]	'	'
Fair Value Less than 12 months	0	0
Unrealized Losses Less than 12 months	0	0
Fair Value 12 months or more	38,064	40,738
Unrealized Losses 12 months or more	13,123	14,310
Total Fair Value	38,064	40,738
Total Unrealized Losses	13,123	14,310
Mortgage Backed Securities [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member]	'	'
Schedule Of Available For Sale Securities [Line Items]	'	'
Fair Value Less than 12 months	40,008	748,215
Unrealized Losses Less than 12 months	67	33,626
Fair Value 12 months or more	577,485	0
Unrealized Losses 12 months or more	11,808	0
Total Fair Value	617,493	748,215
Total Unrealized Losses	11,875	33,626
Mortgage Backed Securities [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member]	'	'
Schedule Of Available For Sale Securities [Line Items]	'	'
Fair Value Less than 12 months	0	286,208
Unrealized Losses Less than 12 months	0	10,712
Fair Value 12 months or more	195,771	0
Unrealized Losses 12 months or more	3,298	0
Total Fair Value	195,771	286,208
Total Unrealized Losses	$3,298	$10,712

INVESTMENT_SECURITIES_OTTI_Los

INVESTMENT SECURITIES - OTTI Losses on Available-for-Sale Debt Securities (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Schedule Of Available For Sale Securities [Line Items]	'	'	'	'
Total other-than-temporary impairment losses	$0	$0	$0	$0
Net impairment losses recognized in earnings	0	0	0	117
Mortgage Backed Securities [Member]	'	'	'	'
Schedule Of Available For Sale Securities [Line Items]	'	'	'	'
Total other-than-temporary impairment losses	0	0	0	0
Portion of loss previously recognized in other comprehensive income	0	0	0	-117
Net impairment losses recognized in earnings	$0	$0	$0	($117)

INVESTMENT_SECURITIES_RollForw

INVESTMENT SECURITIES - Roll-Forward of Credit Losses on Debt Securities Held by Corporation (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Other Than Temporary Impairment Credit Losses Recognized In Earnings [Line Items]	'	'	'	'
Beginning balance of credit losses on debt securities held for which a portion of an OTTI was recognized in OCI	$5,389	$5,389	$5,389	$5,272
Additions:	'	'	'	'
Credit losses on debt securities for which an OTTI was previously recognized	0	0	0	117
Ending balance of credit losses on debt securities held for which a portion of an OTTI was recognized in OCI	$5,389	$5,389	$5,389	$5,389

INVESTMENT_SECURITIES_Signific

INVESTMENT SECURITIES - Significant Assumptions in Valuation of Private Label MBS (Detail)	3 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Schedule Of Investments [Line Items]	'	'
Fair Value Inputs Discount Rate	14.50%	14.50%
Fair Value Inputs Prepayment Rate	32.00%	29.00%
Weighted Average, Projected Cumulative Loss Rate	8.50%	6.80%
Minimum [Member]	'	'
Schedule Of Investments [Line Items]	'	'
Fair Value Inputs Prepayment Rate	18.15%	15.86%
Weighted Average, Projected Cumulative Loss Rate	0.90%	0.58%
Maximum [Member]	'	'
Schedule Of Investments [Line Items]	'	'
Fair Value Inputs Prepayment Rate	100.00%	100.00%
Weighted Average, Projected Cumulative Loss Rate	80.00%	38.16%

OTHER_EQUITY_SECURITIES_Additi

OTHER EQUITY SECURITIES - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
In Millions, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Schedule Of Other Assets [Line Items]	'	'	'	'	'
Capital stock par value	$100	'	$100	'	'
Book value of investment in FHLB stock	$28.90	'	$28.90	'	$28.40
Dividend income from FHLB stock	0.3	0.3	0.6	0.7	'
Carrying value of other equity security	$0.30	'	$0.30	'	$0.30

LOAN_PORTFOLIO_Loan_Portfolio_

LOAN PORTFOLIO - Loan Portfolio Held for Investment (Detail) (USD $)	Jun. 30, 2014		Dec. 31, 2013		Jun. 30, 2013
In Thousands, unless otherwise specified
Financial Information [Line Items]	'		'		'
Residential mortgage loans, mainly secured by first mortgages	$2,795,159		$2,549,008		'
Commercial loans:	'		'		'
Construction loans	148,266		168,713		'
Commercial mortgage loans	1,813,930		1,823,608		'
Commercial and Industrial loans	2,647,478	[1]	2,788,250	[1]	'
Loans to local financial institutions collateralized by real estate mortgages	0	[2]	240,072	[2]	'
Commercial loans	4,609,674		5,020,643		'
Finance leases	240,593		245,323		'
Consumer loans	1,821,675		1,821,196		'
Loans held for investment	9,467,101		9,636,170		9,445,786
Less: allowance for loan and lease losses	-241,177		-285,858		'
Loans held for investment, net	9,225,924		9,350,312		'
Commercial And Industrial [Member]	'		'		'
Commercial loans:	'		'		'
Loans held for investment	$2,647,478		$3,028,322		'
[1]	As of June 30, 2014 and December 31, 2013, includes $1.1 billion and 1.2 billion, respectively, of commercial loans that are secured by real estate but are not dependent upon the real estate for repayment.
[2]	On May 30, 2014, FirstBank acquired from Doral Financial Corporation ("Doral") mortgage loans, mainly residential mortgage loans, having an unpaid principal balance of $241.7 million (estimated fair value at acquisition of $226.0 million) in full satisfaction of secured borrowings with a book value of $232.9 million owed by Doral to FirstBank. Refer to Acquired Loans, including Purchased Credit-Impaired ("PCI") loans discussion below for additional information.

LOAN_PORTFOLIO_Loan_Portfolio_1

LOAN PORTFOLIO - Loan Portfolio Held for Investment (Parenthetical) (Detail) (USD $)	3 Months Ended			3 Months Ended
	Mar. 31, 2013	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Jun. 30, 2013	Jun. 30, 2013
				Net increase	Net decrease	Net decrease
				Commercial Mortgage [Member]	Commercial And Industrial [Member]	Construction Loans [Member]
Financial Information [Line Items]	'	'	'	'	'	'
Classified And Non Performing Loans Sold	$211,400,000	'	'	'	'	'
Reclassification Of Loans	'	'	'	269,000,000	246,800,000	22,200,000
Commercian Loans Collaterized By Real Estate	'	$1,100,000,000	$1,200,000,000	'	'	'

LOAN_PORTFOLIO_Loans_Held_for_

LOAN PORTFOLIO - Loans Held for Investment on Which Accrual of Interest Income had been Discontinued (Detail) (USD $)	Jun. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Non-performing loans:	'		'
Total non-performing loans held for investment	$564,631	[1],[2]	$495,549	[1],[2]
Residential Mortgage [Member]	'		'
Non-performing loans:	'		'
Total non-performing loans held for investment	175,404		161,441
Commercial Mortgage [Member]	'		'
Non-performing loans:	'		'
Total non-performing loans held for investment	166,218		120,107
Commercial And Industrial [Member]	'		'
Non-performing loans:	'		'
Total non-performing loans held for investment	143,669		114,833
Consumer Auto Loans [Member]	'		'
Non-performing loans:	'		'
Total non-performing loans held for investment	22,005		21,316
Finance Leases [Member]	'		'
Non-performing loans:	'		'
Total non-performing loans held for investment	3,414		3,082
Consumer Retail Banking [Member]	'		'
Non-performing loans:	'		'
Total non-performing loans held for investment	15,091		15,904
Residential Construction [Member]	'		'
Non-performing loans:	'		'
Total non-performing loans held for investment	14,143		27,108
Commercial Construction [Member]	'		'
Non-performing loans:	'		'
Total non-performing loans held for investment	3,849		3,924
Land Construction [Member]	'		'
Non-performing loans:	'		'
Total non-performing loans held for investment	$20,838		$27,834
[1]	As of June 30, 2014 and December 31, 2013, excludes $54.8 million of non-performing loans held for sale.
[2]	Amount excludes PCI loans with a carrying value of approximately $105.6 million and $4.8 million as of June 30, 2014 and December 31, 2013, respectively, primarily mortgage loans acquired from Doral in the second quarter of 2014, as further discussed below. These loans are not considered non-performing due to the application of the accretion method, in which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analysis.

LOAN_PORTFOLIO_Loans_Held_for_1

LOAN PORTFOLIO - Loans Held for Investment on Which Accrual of Interest Income had been Discontinued (Parenthetical) (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013	30-May-12
Accounts Notes And Loans Receivable [Line Items]	'	'	'
Purchased credit impaired loans, fair value	'	'	$15,700,000
Loans held for sale	72,105,000	75,969,000	'
Credit Impaired Loans [Member]	'	'	'
Accounts Notes And Loans Receivable [Line Items]	'	'	'
Purchased credit impaired loans, fair value	105,600,000	4,800,000	'
Non Accrual [Member]	'	'	'
Accounts Notes And Loans Receivable [Line Items]	'	'	'
Loans held for sale	$54,800,000	$54,800,000	'

LOAN_PORTFOLIO_Corporations_Ag

LOAN PORTFOLIO - Corporation's Aging of Loans Held for Investment Portfolio (Detail) (USD $)	Jun. 30, 2014		Dec. 31, 2013		Jun. 30, 2013
In Thousands, unless otherwise specified
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	$111,061		$122,293		'
60-89 Days, Past Due	146,558		142,489		'
90 days or more, Past Due	696,588	[1]	615,631	[2]	'
Total Past Due	954,207		880,413		'
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net	105,620		4,791		'
Financing Receivable, Current	8,407,274		8,750,966		'
Loans held for investment	9,467,101		9,636,170		9,445,786
90 days past due and still accruing	131,957	[3]	120,082	[4]	'
Fha Va And Other Government Guaranteed Loans [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	0	[3],[5],[6]	0	[4],[7],[8]	'
60-89 Days, Past Due	10,357	[3],[5],[6]	12,180	[4],[7],[8]	'
90 days or more, Past Due	79,082	[1],[3],[5],[6]	78,645	[2],[4],[7],[8]	'
Total Past Due	89,439	[3],[5],[6]	90,825	[4],[7],[8]	'
Financing Receivable, Current	72,554	[3],[5],[6]	104,401	[4],[7],[8]	'
Loans held for investment	161,993	[3],[5],[6]	195,226	[4],[7],[8]	'
90 days past due and still accruing	79,082	[3],[5],[6]	78,645	[4],[7],[8]	'
Residential Mortgage [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	0	[5]	0	[7]	'
60-89 Days, Past Due	95,029	[5]	88,898	[7]	'
90 days or more, Past Due	189,752	[1],[5]	172,286	[2],[7]	'
Total Past Due	284,781	[5]	261,184	[7]	'
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net	99,997		0		'
Financing Receivable, Current	2,248,388	[5]	2,092,598	[7]	'
Loans held for investment	2,633,166	[5]	2,353,782	[7]	'
90 days past due and still accruing	14,348	[3],[5]	10,845	[4],[7]	'
Commercial And Industrial [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	12,240		21,029		'
60-89 Days, Past Due	3,015		5,454		'
90 days or more, Past Due	162,557	[1]	134,233	[2]	'
Total Past Due	177,812		160,716		'
Financing Receivable, Current	2,469,666		2,867,606		'
Loans held for investment	2,647,478		3,028,322		'
90 days past due and still accruing	18,888	[3]	19,400	[4]	'
Commercial Mortgage Loans [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	0	[5]	0	[7]	'
60-89 Days, Past Due	5,362	[5]	5,428	[7]	'
90 days or more, Past Due	179,861	[1],[5]	126,674	[2],[7]	'
Total Past Due	185,223	[5]	132,102	[7]	'
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net	3,447		0		'
Financing Receivable, Current	1,625,260	[5]	1,691,506	[7]	'
Loans held for investment	1,813,930	[5]	1,823,608	[7]	'
90 days past due and still accruing	13,643	[3],[5]	6,567	[4],[7]	'
Auto loans [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	82,018		79,279		'
60-89 Days, Past Due	20,391		17,944		'
90 days or more, Past Due	22,005	[1]	21,316	[2]	'
Total Past Due	124,414		118,539		'
Financing Receivable, Current	997,700		993,781		'
Loans held for investment	1,122,114		1,112,320		'
90 days past due and still accruing	0	[3]	0	[4]	'
Finance Leases [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	9,664		10,275		'
60-89 Days, Past Due	3,376		3,536		'
90 days or more, Past Due	3,414	[1]	3,082	[2]	'
Total Past Due	16,454		16,893		'
Financing Receivable, Current	224,139		228,430		'
Loans held for investment	240,593		245,323		'
90 days past due and still accruing	0	[3]	0	[4]	'
Consumer Loan [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	7,139		11,710		'
60-89 Days, Past Due	8,770		8,691		'
90 days or more, Past Due	18,713	[1]	20,492	[2]	'
Total Past Due	34,622		40,893		'
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net	2,176		4,791		'
Financing Receivable, Current	662,763		663,192		'
Loans held for investment	699,561		708,876		'
90 days past due and still accruing	3,622	[3]	4,588	[4]	'
Commercial Construction [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	0		0		'
60-89 Days, Past Due	0		0		'
90 days or more, Past Due	3,849	[1]	3,924	[2]	'
Total Past Due	3,849		3,924		'
Financing Receivable, Current	14,980		12,907		'
Loans held for investment	18,829		16,831		'
90 days past due and still accruing	0	[3]	0	[4]	'
Residential Construction [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	0	[5]	0	[7]	'
60-89 Days, Past Due	0	[5]	0	[7]	'
90 days or more, Past Due	14,143	[1],[5]	27,108	[2],[7]	'
Total Past Due	14,143	[5]	27,108	[7]	'
Financing Receivable, Current	51,945	[5]	44,400	[7]	'
Loans held for investment	66,088	[5]	71,508	[7]	'
90 days past due and still accruing	0	[3],[5]	0	[4],[7]	'
Land Construction [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	0	[5]	0	[7]	'
60-89 Days, Past Due	258	[5]	358	[7]	'
90 days or more, Past Due	23,212	[1],[5]	27,871	[2],[7]	'
Total Past Due	23,470	[5]	28,229	[7]	'
Financing Receivable, Current	39,879	[5]	52,145	[7]	'
Loans held for investment	63,349	[5]	80,374	[7]	'
90 days past due and still accruing	$2,374	[3],[5]	$37	[4],[7]	'
[1]	Includes non-performing loans and accruing loans that are contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges fees until charged-off at 180 days.
[2]	Includes non-performing loans and accruing loans that are contractually delinquent 90 days or more (i.e. FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days.
[3]	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $40.3 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of June 30, 2014.
[4]	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $37.0 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of December 31, 2013.
[5]	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days amounted to $16.5 million, $160.1 million, $72.1 million, $0.8 million, and $2.5 million, respectively.
[6]	As of June 30, 2014, includes $19.8 million of defaulted loans collateralizing Government National Mortgage Association ("GNMA") securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans.
[7]	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days amounted to $23.9 million, $166.7 million, $18.4 million, $0.9 million and $2.5 million, respectively.
[8]	As of December 31, 2013, includes $11.5 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans.

LOAN_PORTFOLIO_Corporations_Ag1

LOAN PORTFOLIO - Corporation's Aging of Loans Held for Investment Portfolio (Parenthetical) (Detail) (USD $)	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
	numberofpayments
Accounts Notes And Loans Receivable [Line Items]	'	'
Loans considered to be defaulted if borrower has failed to make payment for a period or more than the period	'0 years 2 months 29 days	'0 years 2 months 29 days
Period during which credit card loans continue to accrue finance charges and fees	'0 years 5 months 27 days	'0 years 5 months 27 days
Defaulted loans collateralizing Ginnie Mae (GNMA) securities	$19.80	$11.50
Minimum Number of Payments in Arrears to Consider Commercial Mortgage and Construction Loan as Past Due	2	'
Residential mortgage loans insured by FHA or guaranteed by the VA	40.3	37
Period of residential mortgage loan that are no longer accruing interest	'1 year 6 months 0 days	'1 year 6 months 0 days
Fha Va And Other Government Guaranteed Loans [Member]	'	'
Accounts Notes And Loans Receivable [Line Items]	'	'
30-59 Days past due Mortgages	16.5	23.9
Residential Mortgage [Member]	'	'
Accounts Notes And Loans Receivable [Line Items]	'	'
30-59 Days past due Mortgages	160.1	166.7
Commercial Mortgage Loans [Member]	'	'
Accounts Notes And Loans Receivable [Line Items]	'	'
30-59 Days past due Mortgages	72.1	18.4
Residential Construction [Member]	'	'
Accounts Notes And Loans Receivable [Line Items]	'	'
30-59 Days past due Mortgages	2.5	2.5
Land Construction [Member]	'	'
Accounts Notes And Loans Receivable [Line Items]	'	'
30-59 Days past due Mortgages	$0.80	$0.90

LOAN_PORTFOLIO_Corporations_Cr

LOAN PORTFOLIO - Corporation's Credit Quality Indicators by Loan (Detail) (USD $)	Jun. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Financing Receivable Recorded Investment [Line Items]	'		'
Commercial mortgage loans	$1,813,930		$1,823,608
Construction loans	148,266		168,713
Commercial and Industrial loans	2,647,478		3,028,322
Land	63,349		80,373
Residential Construction [Member]	'		'
Financing Receivable Recorded Investment [Line Items]	'		'
Construction loans	66,088		71,509
Commercial Construction [Member]	'		'
Financing Receivable Recorded Investment [Line Items]	'		'
Construction loans	18,829		16,831
Substandard [Member]	'		'
Financing Receivable Recorded Investment [Line Items]	'		'
Commercial mortgage loans	295,588		317,365
Commercial and Industrial loans	252,595		205,807
Land	21,134		31,777
Substandard [Member] | Residential Construction [Member]	'		'
Financing Receivable Recorded Investment [Line Items]	'		'
Construction loans	13,343		27,829
Substandard [Member] | Commercial Construction [Member]	'		'
Financing Receivable Recorded Investment [Line Items]	'		'
Construction loans	12,490		16,022
Doubtful [Member]	'		'
Financing Receivable Recorded Investment [Line Items]	'		'
Commercial mortgage loans	3,133		9,160
Commercial and Industrial loans	2,768		7,998
Land	936		3,308
Doubtful [Member] | Residential Construction [Member]	'		'
Financing Receivable Recorded Investment [Line Items]	'		'
Construction loans	741		2,209
Doubtful [Member] | Commercial Construction [Member]	'		'
Financing Receivable Recorded Investment [Line Items]	'		'
Construction loans	3,149		0
Unlikely To Be Collected Financing Receivable [Member]	'		'
Financing Receivable Recorded Investment [Line Items]	'		'
Commercial mortgage loans	0		234
Commercial and Industrial loans	475		973
Land	0		52
Unlikely To Be Collected Financing Receivable [Member] | Residential Construction [Member]	'		'
Financing Receivable Recorded Investment [Line Items]	'		'
Construction loans	60		241
Unlikely To Be Collected Financing Receivable [Member] | Commercial Construction [Member]	'		'
Financing Receivable Recorded Investment [Line Items]	'		'
Construction loans	0		0
Total Adversely Classified [Member]	'		'
Financing Receivable Recorded Investment [Line Items]	'		'
Commercial mortgage loans	298,721	[1]	326,759	[1]
Commercial and Industrial loans	255,838	[1]	214,778	[1]
Land	22,070	[1]	35,137	[1]
Total Adversely Classified [Member] | Residential Construction [Member]	'		'
Financing Receivable Recorded Investment [Line Items]	'		'
Construction loans	14,144	[1]	30,279	[1]
Total Adversely Classified [Member] | Commercial Construction [Member]	'		'
Financing Receivable Recorded Investment [Line Items]	'		'
Construction loans	$15,639	[1]	$16,022	[1]
[1]	Excludes $54.8 million ($7.8 million land, $39.1 million construction-commercial, $0.9 million construction-residential and $ 7.0 million commercial mortgage) as of June 30, 2014 and December 31, 2013, of non-performing loans held for sale.

LOAN_PORTFOLIO_Credit_Risk_Pay

LOAN PORTFOLIO - Credit Risk Payment Activity (Detail) (USD $)	Jun. 30, 2014		Dec. 31, 2013		Jun. 30, 2013
In Thousands, unless otherwise specified
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	$9,467,101		$9,636,170		$9,445,786
Auto loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	1,122,114		1,112,320		'
Finance Leases [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	240,593		245,323		'
Residential Real Estate [Member] | Fhava Guaranteed Loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	161,993	[1]	195,226	[2]	'
Residential Real Estate [Member] | Other Residential Mortgage Loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	2,633,166		2,353,782		'
Residential Real Estate [Member] | Performing Financing Receivable [Member] | Fhava Guaranteed Loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	161,993	[1]	195,226	[2]	'
Residential Real Estate [Member] | Performing Financing Receivable [Member] | Other Residential Mortgage Loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	2,357,765		2,192,341		'
Residential Real Estate [Member] | Purchased Credit Impaired [Member] | Fhava Guaranteed Loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	0	[1],[3]	0	[2],[3]	'
Residential Real Estate [Member] | Purchased Credit Impaired [Member] | Other Residential Mortgage Loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	99,997	[3]	0	[3]	'
Residential Real Estate [Member] | Nonperforming Financing Receivable [Member] | Fhava Guaranteed Loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	0	[1]	0	[2]	'
Residential Real Estate [Member] | Nonperforming Financing Receivable [Member] | Other Residential Mortgage Loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	175,404		161,441		'
Consumer [Member] | Auto loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	1,122,114		1,112,320		'
Consumer [Member] | Finance Leases [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	240,593		245,323		'
Consumer [Member] | Other Consumer Loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	699,561		708,876		'
Consumer [Member] | Performing Financing Receivable [Member] | Auto loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	1,100,109		1,091,004		'
Consumer [Member] | Performing Financing Receivable [Member] | Finance Leases [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	237,179		242,241		'
Consumer [Member] | Performing Financing Receivable [Member] | Other Consumer Loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	682,294		688,181		'
Consumer [Member] | Purchased Credit Impaired [Member] | Auto loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	0	[3]	0	[3]	'
Consumer [Member] | Purchased Credit Impaired [Member] | Finance Leases [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	0	[3]	0	[3]	'
Consumer [Member] | Purchased Credit Impaired [Member] | Other Consumer Loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	2,176	[3]	4,791	[3]	'
Consumer [Member] | Nonperforming Financing Receivable [Member] | Auto loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	22,005		21,316		'
Consumer [Member] | Nonperforming Financing Receivable [Member] | Finance Leases [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	3,414		3,082		'
Consumer [Member] | Nonperforming Financing Receivable [Member] | Other Consumer Loans [Member]	'		'		'
Financing Receivable Recorded Investment [Line Items]	'		'		'
Loans And Leases Receivable Gross Carrying Amount	$15,091		$15,904		'
[1]	B It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $40.3 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of June 30, 2014.
[2]	B It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $37.0 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of December 31, 2013.
[3]	B PCI loans are excluded from non-performing statistics due to the application of the accretion method, in which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analysis.

LOAN_PORTFOLIO_Credit_Risk_Pay1

LOAN PORTFOLIO - Credit Risk Payment Activity (Parenthetical) (Detail) (USD $)	3 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Financing Receivable Recorded Investment [Line Items]	'	'
Residential mortgage loans insured by FHA or guaranteed by the VA	$40,300,000	$37,000,000
Period of residential mortgage loan that are no longer accruing interest	'1 year 6 months 0 days	'1 year 6 months 0 days
Loans considered to be defaulted if borrower has failed to make payment for a period or more than the period	'0 years 2 months 29 days	'0 years 2 months 29 days
Loans held for sale	72,105,000	75,969,000
Non Accrual [Member]	'	'
Financing Receivable Recorded Investment [Line Items]	'	'
Loans held for sale	54,800,000	54,800,000
Non Accrual [Member] | Commercial Construction [Member]	'	'
Financing Receivable Recorded Investment [Line Items]	'	'
Loans held for sale	39,100,000	39,100,000
Non Accrual [Member] | Residential Construction [Member]	'	'
Financing Receivable Recorded Investment [Line Items]	'	'
Loans held for sale	900,000	900,000
Non Accrual [Member] | Land Construction [Member]	'	'
Financing Receivable Recorded Investment [Line Items]	'	'
Loans held for sale	7,800,000	7,800,000
Non Accrual [Member] | Commercial mortgage [Member]	'	'
Financing Receivable Recorded Investment [Line Items]	'	'
Loans held for sale	$7,000,000	$7,000,000

LOAN_PORTFOLIO_Impaired_loans_

LOAN PORTFOLIO - Impaired loans (Detail) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Mar. 31, 2014
Financing Receivable Impaired [Line Items]	'	'	'	'	'	'
Recorded Investment with no Related Allowance	$398,991	'	$398,991	'	$341,485	'
Unpaid Principal Balance with no Related Allowance	446,218	'	446,218	'	392,392	'
Average Recorded Investment No Related Allowance	402,677	'	'	'	352,949	'
Interest Income with no Related Allowance Accrual Basis	3,340	'	6,504	'	'	'
Interest Income with No Related Allowance Cash Basis	1,126	'	1,692	'	'	'
Recorded Investment with Related Allowance	509,867	'	509,867	'	577,627	'
Unpaid Principal Balance with Related Allowance	594,081	'	594,081	'	641,834	'
Related Allowance	68,358	114,953	68,358	114,953	102,601	85,016
Average Recorded Investment With Related Allowance	531,496	'	'	'	592,928	'
Interest Income with Related Allowance Accrual Basis	3,393	'	6,590	'	'	'
Interest Income with Realted Allowance Cash Basis	1,267	'	2,328	'	'	'
Recorded Investment	908,858	908,245	908,858	908,245	919,112	879,388
Unpaid Principal Balance	1,040,299	'	1,040,299	'	1,034,226	'
Average Recorded Investments	934,173	'	'	'	945,877	'
Interest Income on Impaired Loans Accrual Basis	6,733	6,400	13,094	12,000	'	'
Interest Income on Impaired Loans Cash Basis	2,393	1,500	4,020	3,300	'	'
Fhava Guaranteed Loans [Member]	'	'	'	'	'	'
Financing Receivable Impaired [Line Items]	'	'	'	'	'	'
Recorded Investment with no Related Allowance	0	'	0	'	0	'
Unpaid Principal Balance with no Related Allowance	0	'	0	'	0	'
Average Recorded Investment No Related Allowance	0	'	'	'	0	'
Interest Income with no Related Allowance Accrual Basis	0	'	0	'	'	'
Interest Income with No Related Allowance Cash Basis	0	'	0	'	'	'
Recorded Investment with Related Allowance	0	'	0	'	0	'
Unpaid Principal Balance with Related Allowance	0	'	0	'	0	'
Related Allowance	0	'	0	'	0	'
Average Recorded Investment With Related Allowance	0	'	'	'	0	'
Interest Income with Related Allowance Accrual Basis	0	'	0	'	'	'
Interest Income with Realted Allowance Cash Basis	0	'	0	'	'	'
Recorded Investment	0	'	0	'	0	'
Unpaid Principal Balance	0	'	0	'	0	'
Average Recorded Investments	0	'	'	'	0	'
Interest Income on Impaired Loans Accrual Basis	0	'	0	'	'	'
Interest Income on Impaired Loans Cash Basis	0	'	0	'	'	'
Other Residential Mortgage Loans [Member]	'	'	'	'	'	'
Financing Receivable Impaired [Line Items]	'	'	'	'	'	'
Recorded Investment with no Related Allowance	263,024	'	263,024	'	220,428	'
Unpaid Principal Balance with no Related Allowance	286,904	'	286,904	'	237,709	'
Average Recorded Investment No Related Allowance	265,285	'	'	'	222,617	'
Interest Income with no Related Allowance Accrual Basis	2,788	'	5,357	'	'	'
Interest Income with No Related Allowance Cash Basis	355	'	749	'	'	'
Recorded Investment with Related Allowance	151,424	'	151,424	'	190,566	'
Unpaid Principal Balance with Related Allowance	172,951	'	172,951	'	212,028	'
Related Allowance	16,464	'	16,464	'	18,125	'
Average Recorded Investment With Related Allowance	153,650	'	'	'	193,372	'
Interest Income with Related Allowance Accrual Basis	1,393	'	2,728	'	'	'
Interest Income with Realted Allowance Cash Basis	660	'	1,040	'	'	'
Recorded Investment	414,448	'	414,448	'	410,994	'
Unpaid Principal Balance	459,855	'	459,855	'	449,737	'
Average Recorded Investments	418,935	'	'	'	415,989	'
Interest Income on Impaired Loans Accrual Basis	4,181	'	8,085	'	'	'
Interest Income on Impaired Loans Cash Basis	1,015	'	1,789	'	'	'
Commercial Mortgage Loans [Member]	'	'	'	'	'	'
Financing Receivable Impaired [Line Items]	'	'	'	'	'	'
Recorded Investment with no Related Allowance	84,909	'	84,909	'	69,484	'
Unpaid Principal Balance with no Related Allowance	90,834	'	90,834	'	73,723	'
Average Recorded Investment No Related Allowance	85,642	'	'	'	71,367	'
Interest Income with no Related Allowance Accrual Basis	423	'	884	'	'	'
Interest Income with No Related Allowance Cash Basis	484	'	640	'	'	'
Recorded Investment with Related Allowance	154,088	'	154,088	'	149,888	'
Unpaid Principal Balance with Related Allowance	176,208	'	176,208	'	163,656	'
Related Allowance	16,317	'	16,317	'	32,189	'
Average Recorded Investment With Related Allowance	160,076	'	'	'	153,992	'
Interest Income with Related Allowance Accrual Basis	471	'	937	'	'	'
Interest Income with Realted Allowance Cash Basis	162	'	599	'	'	'
Recorded Investment	238,997	'	238,997	'	219,372	'
Unpaid Principal Balance	267,042	'	267,042	'	237,379	'
Average Recorded Investments	245,718	'	'	'	225,359	'
Interest Income on Impaired Loans Accrual Basis	894	'	1,821	'	'	'
Interest Income on Impaired Loans Cash Basis	646	'	1,239	'	'	'
Commercial And Industrial Loan [Member]	'	'	'	'	'	'
Financing Receivable Impaired [Line Items]	'	'	'	'	'	'
Recorded Investment with no Related Allowance	39,507	'	39,507	'	32,418	'
Unpaid Principal Balance with no Related Allowance	55,335	'	55,335	'	56,831	'
Average Recorded Investment No Related Allowance	40,027	'	'	'	37,946	'
Interest Income with no Related Allowance Accrual Basis	6	'	14	'	'	'
Interest Income with No Related Allowance Cash Basis	264	'	264	'	'	'
Recorded Investment with Related Allowance	140,257	'	140,257	'	154,686	'
Unpaid Principal Balance with Related Allowance	171,068	'	171,068	'	170,191	'
Related Allowance	22,745	'	22,745	'	26,686	'
Average Recorded Investment With Related Allowance	150,374	'	'	'	162,786	'
Interest Income with Related Allowance Accrual Basis	611	'	1,177	'	'	'
Interest Income with Realted Allowance Cash Basis	333	'	390	'	'	'
Recorded Investment	179,764	'	179,764	'	187,104	'
Unpaid Principal Balance	226,403	'	226,403	'	227,022	'
Average Recorded Investments	190,401	'	'	'	200,732	'
Interest Income on Impaired Loans Accrual Basis	617	'	1,191	'	'	'
Interest Income on Impaired Loans Cash Basis	597	'	654	'	'	'
Construction Loans [Member]	'	'	'	'	'	'
Financing Receivable Impaired [Line Items]	'	'	'	'	'	'
Related Allowance	8,962	21,884	8,962	21,884	'	'
Recorded Investment	46,721	76,483	46,721	76,483	'	'
Consumer Auto Loans [Member]	'	'	'	'	'	'
Financing Receivable Impaired [Line Items]	'	'	'	'	'	'
Recorded Investment with no Related Allowance	0	'	0	'	0	'
Unpaid Principal Balance with no Related Allowance	0	'	0	'	0	'
Average Recorded Investment No Related Allowance	0	'	'	'	0	'
Interest Income with no Related Allowance Accrual Basis	0	'	0	'	'	'
Interest Income with No Related Allowance Cash Basis	0	'	0	'	'	'
Recorded Investment with Related Allowance	14,110	'	14,110	'	14,121	'
Unpaid Principal Balance with Related Allowance	14,110	'	14,110	'	14,122	'
Related Allowance	1,980	'	1,980	'	1,829	'
Average Recorded Investment With Related Allowance	14,887	'	'	'	12,937	'
Interest Income with Related Allowance Accrual Basis	258	'	498	'	'	'
Interest Income with Realted Allowance Cash Basis	0	'	0	'	'	'
Recorded Investment	14,110	'	14,110	'	14,121	'
Unpaid Principal Balance	14,110	'	14,110	'	14,122	'
Average Recorded Investments	14,887	'	'	'	12,937	'
Interest Income on Impaired Loans Accrual Basis	258	'	498	'	'	'
Interest Income on Impaired Loans Cash Basis	0	'	0	'	'	'
Finance Leases [Member]	'	'	'	'	'	'
Financing Receivable Impaired [Line Items]	'	'	'	'	'	'
Recorded Investment with no Related Allowance	0	'	0	'	0	'
Unpaid Principal Balance with no Related Allowance	0	'	0	'	0	'
Average Recorded Investment No Related Allowance	0	'	'	'	0	'
Interest Income with no Related Allowance Accrual Basis	0	'	0	'	'	'
Interest Income with No Related Allowance Cash Basis	0	'	0	'	'	'
Recorded Investment with Related Allowance	2,162	'	2,162	'	2,359	'
Unpaid Principal Balance with Related Allowance	2,162	'	2,162	'	2,359	'
Related Allowance	91	'	91	'	73	'
Average Recorded Investment With Related Allowance	2,348	'	'	'	2,219	'
Interest Income with Related Allowance Accrual Basis	58	'	110	'	'	'
Interest Income with Realted Allowance Cash Basis	0	'	0	'	'	'
Recorded Investment	2,162	'	2,162	'	2,359	'
Unpaid Principal Balance	2,162	'	2,162	'	2,359	'
Average Recorded Investments	2,348	'	'	'	2,219	'
Interest Income on Impaired Loans Accrual Basis	58	'	110	'	'	'
Interest Income on Impaired Loans Cash Basis	0	'	0	'	'	'
Other Consumer Loans [Member]	'	'	'	'	'	'
Financing Receivable Impaired [Line Items]	'	'	'	'	'	'
Recorded Investment with no Related Allowance	4,882	'	4,882	'	4,035	'
Unpaid Principal Balance with no Related Allowance	5,699	'	5,699	'	4,450	'
Average Recorded Investment No Related Allowance	4,962	'	'	'	3,325	'
Interest Income with no Related Allowance Accrual Basis	75	'	154	'	'	'
Interest Income with No Related Allowance Cash Basis	18	'	32	'	'	'
Recorded Investment with Related Allowance	7,774	'	7,774	'	8,410	'
Unpaid Principal Balance with Related Allowance	8,616	'	8,616	'	8,919	'
Related Allowance	1,799	'	1,799	'	1,555	'
Average Recorded Investment With Related Allowance	8,042	'	'	'	8,919	'
Interest Income with Related Allowance Accrual Basis	589	'	1,113	'	'	'
Interest Income with Realted Allowance Cash Basis	15	'	26	'	'	'
Recorded Investment	12,656	'	12,656	'	12,445	'
Unpaid Principal Balance	14,315	'	14,315	'	13,369	'
Average Recorded Investments	13,004	'	'	'	12,244	'
Interest Income on Impaired Loans Accrual Basis	664	'	1,267	'	'	'
Interest Income on Impaired Loans Cash Basis	33	'	58	'	'	'
Commercial Construction [Member]	'	'	'	'	'	'
Financing Receivable Impaired [Line Items]	'	'	'	'	'	'
Recorded Investment with no Related Allowance	0	'	0	'	0	'
Unpaid Principal Balance with no Related Allowance	0	'	0	'	0	'
Average Recorded Investment No Related Allowance	0	'	'	'	0	'
Interest Income with no Related Allowance Accrual Basis	0	'	0	'	'	'
Interest Income with No Related Allowance Cash Basis	0	'	0	'	'	'
Recorded Investment with Related Allowance	15,639	'	15,639	'	16,022	'
Unpaid Principal Balance with Related Allowance	15,639	'	15,639	'	16,238	'
Related Allowance	3,950	'	3,950	'	8,873	'
Average Recorded Investment With Related Allowance	15,881	'	'	'	16,157	'
Interest Income with Related Allowance Accrual Basis	0	'	0	'	'	'
Interest Income with Realted Allowance Cash Basis	87	'	259	'	'	'
Recorded Investment	15,639	'	15,639	'	16,022	'
Unpaid Principal Balance	15,639	'	15,639	'	16,238	'
Average Recorded Investments	15,881	'	'	'	16,157	'
Interest Income on Impaired Loans Accrual Basis	0	'	0	'	'	'
Interest Income on Impaired Loans Cash Basis	87	'	259	'	'	'
Residential Construction [Member]	'	'	'	'	'	'
Financing Receivable Impaired [Line Items]	'	'	'	'	'	'
Recorded Investment with no Related Allowance	4,848	'	4,848	'	14,761	'
Unpaid Principal Balance with no Related Allowance	4,946	'	4,946	'	19,313	'
Average Recorded Investment No Related Allowance	4,917	'	'	'	17,334	'
Interest Income with no Related Allowance Accrual Basis	42	'	83	'	'	'
Interest Income with No Related Allowance Cash Basis	2	'	4	'	'	'
Recorded Investment with Related Allowance	10,865	'	10,865	'	13,864	'
Unpaid Principal Balance with Related Allowance	11,062	'	11,062	'	13,973	'
Related Allowance	1,157	'	1,157	'	2,816	'
Average Recorded Investment With Related Allowance	12,548	'	'	'	13,640	'
Interest Income with Related Allowance Accrual Basis	0	'	0	'	'	'
Interest Income with Realted Allowance Cash Basis	0	'	0	'	'	'
Recorded Investment	15,713	'	15,713	'	28,625	'
Unpaid Principal Balance	16,008	'	16,008	'	33,286	'
Average Recorded Investments	17,465	'	'	'	30,974	'
Interest Income on Impaired Loans Accrual Basis	42	'	83	'	'	'
Interest Income on Impaired Loans Cash Basis	2	'	4	'	'	'
Land Construction [Member]	'	'	'	'	'	'
Financing Receivable Impaired [Line Items]	'	'	'	'	'	'
Recorded Investment with no Related Allowance	1,821	'	1,821	'	359	'
Unpaid Principal Balance with no Related Allowance	2,500	'	2,500	'	366	'
Average Recorded Investment No Related Allowance	1,844	'	'	'	360	'
Interest Income with no Related Allowance Accrual Basis	6	'	12	'	'	'
Interest Income with No Related Allowance Cash Basis	3	'	3	'	'	'
Recorded Investment with Related Allowance	13,548	'	13,548	'	27,711	'
Unpaid Principal Balance with Related Allowance	22,265	'	22,265	'	40,348	'
Related Allowance	3,855	'	3,855	'	10,455	'
Average Recorded Investment With Related Allowance	13,690	'	'	'	28,906	'
Interest Income with Related Allowance Accrual Basis	13	'	27	'	'	'
Interest Income with Realted Allowance Cash Basis	10	'	14	'	'	'
Recorded Investment	15,369	'	15,369	'	28,070	'
Unpaid Principal Balance	24,765	'	24,765	'	40,714	'
Average Recorded Investments	15,534	'	'	'	29,266	'
Interest Income on Impaired Loans Accrual Basis	19	'	39	'	'	'
Interest Income on Impaired Loans Cash Basis	$13	'	$17	'	'	'

LOAN_PORTFOLIO_Additional_Info

LOAN PORTFOLIO - Additional Information (Detail) (USD $)

0 Months Ended

1 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

30-May-12

30-May-14

Jun. 30, 2014

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Mar. 31, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Mar. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Mar. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Mar. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Mar. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Puerto Rico Government and Political Subdivisions [Member]

Public Corporations [Member]

Government [Member]

Puerto Rico Tourism Development Fund [Member]

Puerto Rico Electric PowerAuthority [Member]

GNMA

FNMA and FHLMC

Residential Mortgage [Member]

Government Guaranteed Loans [Member]

Loans in trial [Member]

Non Accrual [Member]

Non Accrual [Member]

Non Accrual [Member]

Loans Split [Member]

Loans Split [Member]

Non Fha Va Residential Mortgage Loans [Member]

Non Fha Va Residential Mortgage Loans [Member]

Commercial And Industrial Loan [Member]

Commercial And Industrial Loan [Member]

Commercial Mortgage Loans [Member]

Commercial Mortgage Loans [Member]

Commercial Construction [Member]

Commercial Construction [Member]

Residential Construction [Member]

Residential Construction [Member]

Land Construction [Member]

Land Construction [Member]

Residential Mortgage [Member]

Residential Mortgage [Member]

Non Accrual [Member]

Non Accrual [Member]

Non Accrual [Member]

Non Accrual [Member]

Non Accrual [Member]

Non Accrual [Member]

Non Accrual [Member]

Troubled Debt Restructurings [Member]

Troubled Debt Restructurings [Member]

Troubled Debt Restructurings [Member]

Non Fha Va Residential Mortgage Loans [Member]

Non Fha Va Residential Mortgage Loans [Member]

Non Fha Va Residential Mortgage Loans [Member]

Non Fha Va Residential Mortgage Loans [Member]

Non Fha Va Residential Mortgage Loans [Member]

Commercial And Industrial Loan [Member]

Commercial And Industrial Loan [Member]

Commercial And Industrial Loan [Member]

Commercial And Industrial Loan [Member]

Commercial And Industrial Loan [Member]

Commercial And Industrial Loan [Member]

Commercial Mortgage Loans [Member]

Commercial Mortgage Loans [Member]

Commercial Mortgage Loans [Member]

Commercial Mortgage Loans [Member]

Commercial Mortgage Loans [Member]

Commercial Mortgage Loans [Member]

Commercial Mortgage Loans [Member]

Construction Loans [Member]

Construction Loans [Member]

Construction Loans [Member]

Consumer Loan [Member]

Consumer Loan [Member]

Commercial Construction [Member]

Commercial Construction [Member]

Residential Construction [Member]

Residential Construction [Member]

Land Construction [Member]

Land Construction [Member]

Other Real Estate Owned [Member]

P R

P R

V I

V I

U S

Credit Impaired Loans [Member]

Credit Impaired Loans [Member]

Troubled Debt Restructurings [Member]

Commercial Construction [Member]

Commercial Construction [Member]

Residential Construction [Member]

Residential Construction [Member]

Land Construction [Member]

Land Construction [Member]

Non Accrual [Member]

Non Accrual [Member]

Non Accrual [Member]

Non Accrual [Member]

Non Accrual [Member]

Non Accrual [Member]

Non Accrual [Member]

Accounts Notes And Loans Receivable [Line Items]

'

'

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'

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'

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'

'

'

Interest Income Impaired Loans

'

'

'

'

$7,900,000

'

'

$15,300,000

'

'

'

'

'

'

'

'

'

'

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'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest Income on Impaired Loans Accrual Basis

'

'

6,733,000

'

6,400,000

'

13,094,000

12,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

617,000

'

1,191,000

'

'

'

894,000

'

'

1,821,000

'

'

'

'

'

'

'

'

0

0

42,000

83,000

19,000

39,000

'

'

'

'

'

'

'

'

Purchased credit impaired loans, fair value

15,700,000

'

'

'

'

'

'

'

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'

'

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'

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'

'

'

'

'

'

'

105,600,000

4,800,000

Contractually outstanding principal and interest at acquisition

34,600,000

'

139,300,000

'

'

'

139,300,000

'

'

22,700,000

'

'

'

'

'

'

'

'

'

'

'

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'

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Financing Receivable Significant Purchases

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

80,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Financing Receivable Significant Sales

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

65,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

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'

'

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'

'

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'

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'

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'

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

Securitization of mortgage loans into mortgage backed securities

'

'

'

'

'

'

104,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

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'

'

'

'

'

'

'

'

'

'

'

'

'

Total gross loans held for investment portfolio

'

'

9,467,101,000

'

9,445,786,000

'

9,467,101,000

9,445,786,000

'

9,636,170,000

'

'

'

200,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,795,159,000

2,511,206,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

148,266,000

194,912,000

2,062,268,000

2,047,368,000

'

'

'

'

'

'

'

'

'

'

'

'

'

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Credit risk concentration

'

'

'

'

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'

'

'

'

'

83.00%

'

7.00%

'

10.00%

'

'

Outstanding of credit facilities granted

'

'

'

'

'

'

'

'

'

'

205,700,000

88,600,000

46,400,000

'

75,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

340,700,000

397,800,000

80,200,000

60,600,000

'

'

'

Loans to local financial institutions collateralized by real estate mortgages

'

'

0

[1]

'

'

'

0

[1]

'

'

240,072,000

[1]

'

'

'

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'

'

'

'

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'

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total TDR loans

'

'

628,233,000

[2]

'

'

'

628,233,000

[2]

'

622,320,000

630,258,000

[3]

'

'

'

'

'

'

'

'

76,900,000

8,200,000

'

216,363,000

[4],[5]

204,875,000

[6],[7]

62,159,000

93,451,000

342,912,000

337,244,000

103,538,000

91,951,000

137,619,000

153,576,000

3,848,000

3,924,000

9,889,000

10,894,000

3,236,000

5,325,000

'

'

'

3,848,000

[4],[5]

3,924,000

[6],[7]

6,588,000

[4],[5]

7,562,000

[6],[7]

2,425,000

[4],[5]

4,325,000

[6],[7]

'

'

'

'

342,912,000

337,243,000

85,964,000

[4],[5]

73,324,000

[6],[7]

103,538,000

'

103,538,000

91,950,000

50,289,000

[4],[5]

38,441,000

[6],[7]

137,619,000

'

'

137,619,000

153,575,000

59,824,000

[4],[5]

69,156,000

[6],[7]

'

17,000,000

'

27,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding unfunded commitments on TDR loans

'

'

400,000

'

'

'

400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Financing receivable loans restructured recorded investment accruals

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

60,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loans repurchased

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,700,000

1,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Classified and non-performing loans sold

'

'

'

'

'

211,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

185,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,200,000

'

'

'

'

'

100,100,000

'

'

'

'

'

40,800,000

68,800,000

'

'

'

'

41,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loans transferred to held for sale

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

39,200,000

'

'

'

'

'

'

'

Other real estate owned sold

'

'

'

'

'

6,300,000

'

'

'

'

'

'

'

'

'

'

'

19,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sale price of bulk sale

'

'

'

'

'

120,200,000

'

'

'

'

'

'

'

'

'

'

'

128,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Reserves allocated to bulk sale

'

'

'

'

'

39,900,000

'

'

'

'

'

'

'

'

'

'

'

30,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total charge-offs bulk sale

'

'

'

'

'

98,500,000

'

'

'

'

'

'

'

'

'

'

'

98,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Incremental losses

'

'

'

'

'

58,900,000

'

'

'

'

'

'

'

'

'

'

'

69,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Porfessional fees

'

'

'

'

'

3,900,000

'

'

'

'

'

'

'

'

'

'

'

3,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Charge-offs of loans transferred to loans held for sale

'

'

'

'

'

36,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional losses loans transferred to loans held for sale

'

'

'

'

'

5,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Subsequent Losses Repurchase Of Loans

'

'

'

'

'

'

700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Book value of loans transferred to held for sale

'

'

'

'

'

181,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

45,800,000

'

'

'

'

'

'

'

'

45,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Residential mortgage loans sold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

203,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Pre-tax loss

'

'

'

'

'

62,800,000

'

'

'

'

'

'

'

'

'

'

'

72,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repayment of construction loans held for sale

'

'

'

6,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of credit facility provided to fund unfunded commitments

'

'

'

'

'

'

'

'

'

'

385,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loans held for sale

'

'

72,105,000

'

'

'

72,105,000

'

'

75,969,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

45,800,000

45,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Servicing Assets Compesatory Fees

'

'

300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Doral Purchase Unpaid Principal Balance

'

241,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Doral Purchase Price

'

232,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Doral Purchase Fair Value

'

226,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loss On Acquired Portfolio

'

'

6,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Doral Purchase Loss On Allowance

'

'

5,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Provision Charge On Doral Purchase

'

'

1,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Professional Service Fee On Doral Purchase

'

'

600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sop Unpaid Principal Balance

'

119,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non Sop Unpaid Principal Balance

'

122,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non Sop Fair Value

'

123,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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Payment To Acquire Credit Card Portfolio

406,000,000

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Fair Value Of Credit Card Portfolio Acquired

$368,900,000

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[1]

On May 30, 2014, FirstBank acquired from Doral Financial Corporation ("Doral") mortgage loans, mainly residential mortgage loans, having an unpaid principal balance of $241.7 million (estimated fair value at acquisition of $226.0 million) in full satisfaction of secured borrowings with a book value of $232.9 million owed by Doral to FirstBank. Refer to Acquired Loans, including Purchased Credit-Impaired ("PCI") loans discussion below for additional information.

[2]

B Excludes TDRs held for sale amounting to $45.8 million as of June 30, 2014

[3]

B Excludes TDRs held for sale amounting to $45.9 million as of December 31, 2013.

[4]

Included in non-accrual loans are $85.5 million in loans that are performing under the terms of the restructuring agreement but are reported in non-accrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and there is no doubt about full collectability.

[5]

Excludes non-accrual TDRs held for sale with a carrying value of $45.8 million as of June 30, 2014.

[6]

Included in non-accrual loans are $95.7 million in loans that are performing under the terms of the restructuring agreement but are reported in non-accrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and there is no doubt about full collectability.

[7]

Excludes non-accrual TDRs held for sale with a carrying value of $45.9 million as of December 31, 2013.

LOAN_PORTFOLIO_Activity_for_Im

LOAN PORTFOLIO - Activity for Impaired Loans (Detail) (USD $)	3 Months Ended	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2013
Impaired Loans:	'	'	'
Balance at beginning of period	$879,388	$919,112	$908,245
Loans determined impaired during the period	98,966	153,243	'
Charge-offs	-32,646	-64,685	'
Loans sold, net charge-offs	0	0	'
Increases to impaired loans (disbursements)	294	919	'
Loans transferred to held for sale	0	0	'
Foreclosures	-4,134	-8,140	'
Loans no longer considered impaired	-14,003	-17,731	'
Paid in full or partial payments	-19,007	-73,860	'
Balance at end of period	$908,858	$908,858	$908,245

LOAN_PORTFOLIO_Activity_for_Sp

LOAN PORTFOLIO - Activity for Specific Reserve (Detail) (USD $)	3 Months Ended	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2013
Specific Reserve:	'	'	'
Balance at beginning of period	$85,016	$102,601	$114,953
Provision for loan losses	15,988	30,442	'
Charge-offs	-32,646	-64,685	'
Balance at end of period	$68,358	$68,358	$114,953

LOAN_PORTFOLIO_Contractually_R

LOAN PORTFOLIO - Contractually Required Principal and Interest Cash Flows Expected to be Collected and Fair Value at Acquisition Related to Loans Acquired (Detail) (USD $)	0 Months Ended
	30-May-12	Jun. 30, 2014	30-May-14
Financing Receivable Impaired [Line Items]	'	'	'
Contractually outstanding principal and interest at acquisition	'	'	$275,842,000
Less: Nonaccretable difference	'	-86,252,000	'
Cash flows expected to be collected at acquisition	'	189,590,000	'
Less: Accretable yield	'	-86,759,000	'
Fair value of loans acquired	'	102,831,000	'
Payment To Acquire Credit Card Portfolio	$406,000,000	'	'

LOAN_PORTFOLIO_Carrying_Value_

LOAN PORTFOLIO- Carrying Value of Purchased Credit Impaired Loans (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Financing Receivable Impaired [Line Items]	'	'
Purchased Credit Impaired Loans	$105,620	$4,791
Residential Mortgage Loans [Member]	'	'
Financing Receivable Impaired [Line Items]	'	'
Purchased Credit Impaired Loans	99,997	0
Commercial Mortgage Loans [Member]	'	'
Financing Receivable Impaired [Line Items]	'	'
Purchased Credit Impaired Loans	3,447	0
Consumer Credit Card Financing Receivable [Member]	'	'
Financing Receivable Impaired [Line Items]	'	'
Purchased Credit Impaired Loans	$2,176	$4,791

LOAN_PORTFOLIO_Corporations_Ag2

LOAN PORTFOLIO- Corporation's Aging of Purchased Credit Impaired Loans (Detail) (USD $)	Jun. 30, 2014		Dec. 31, 2013		Jun. 30, 2013
In Thousands, unless otherwise specified
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	$111,061		$122,293		'
60-89 Days, Past Due	146,558		142,489		'
90 days or more, Past Due	696,588	[1]	615,631	[2]	'
Total Past Due	954,207		880,413		'
Financing Receivable, Current	8,407,274		8,750,966		'
Loans held for investment	9,467,101		9,636,170		9,445,786
90 days past due and still accruing	131,957	[3]	120,082	[4]	'
Purchased Credit Impaired Loans [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	166		'		'
60-89 Days, Past Due	11,710		'		'
90 days or more, Past Due	12,104		'		'
Total Past Due	23,980		'		'
Financing Receivable, Current	81,640		'		'
Loans held for investment	105,620		'		'
Residential Mortgage [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	0	[5]	0	[6]	'
60-89 Days, Past Due	95,029	[5]	88,898	[6]	'
90 days or more, Past Due	189,752	[1],[5]	172,286	[2],[6]	'
Total Past Due	284,781	[5]	261,184	[6]	'
Financing Receivable, Current	2,248,388	[5]	2,092,598	[6]	'
Loans held for investment	2,633,166	[5]	2,353,782	[6]	'
90 days past due and still accruing	14,348	[3],[5]	10,845	[4],[6]	'
Residential Mortgage [Member] | Purchased Credit Impaired Loans [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	18,200	[7]	'		'
60-89 Days, Past Due	11,282	[7]	'		'
90 days or more, Past Due	11,522	[7]	'		'
Total Past Due	22,804	[7]	'		'
Financing Receivable, Current	77,193	[7]	'		'
Loans held for investment	99,997	[7]	'		'
Commercial Mortgage Loans [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	0	[5]	0	[6]	'
60-89 Days, Past Due	5,362	[5]	5,428	[6]	'
90 days or more, Past Due	179,861	[1],[5]	126,674	[2],[6]	'
Total Past Due	185,223	[5]	132,102	[6]	'
Financing Receivable, Current	1,625,260	[5]	1,691,506	[6]	'
Loans held for investment	1,813,930	[5]	1,823,608	[6]	'
90 days past due and still accruing	13,643	[3],[5]	6,567	[4],[6]	'
Commercial Mortgage Loans [Member] | Purchased Credit Impaired Loans [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	900	[7]	'		'
60-89 Days, Past Due	366	[7]	'		'
90 days or more, Past Due	437	[7]	'		'
Total Past Due	803	[7]	'		'
Financing Receivable, Current	2,644	[7]	'		'
Loans held for investment	3,447	[7]	'		'
Consumer Credit Card Financing Receivable [Member] | Purchased Credit Impaired Loans [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
30-59 Days Past Due	166		377		'
60-89 Days, Past Due	62		354		'
90 days or more, Past Due	145		573		'
Total Past Due	373		1,304		'
Financing Receivable, Current	1,803		3,487		'
Loans held for investment	$2,176		$4,791		'
[1]	Includes non-performing loans and accruing loans that are contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges fees until charged-off at 180 days.
[2]	Includes non-performing loans and accruing loans that are contractually delinquent 90 days or more (i.e. FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days.
[3]	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $40.3 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of June 30, 2014.
[4]	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $37.0 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of December 31, 2013.
[5]	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days amounted to $16.5 million, $160.1 million, $72.1 million, $0.8 million, and $2.5 million, respectively.
[6]	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days amounted to $23.9 million, $166.7 million, $18.4 million, $0.9 million and $2.5 million, respectively.
[7]	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage and commercial mortgage loans are considered past due when the borrower is in arrears two or more monthly payments. PCI residential mortgage loans and commercial mortgage loans past due 30-59 days amounted to $18.2 million and $0.9 million, respectively.

LOAN_PORTFOLIO_Accretable_Yiel

LOAN PORTFOLIO - Accretable Yield Related to Purchased Credit Impaired Loans (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Accretable Yield [Line Items]	'	'	'	'
Accretable yield at acquisition	$0	$406	$0	$2,171
Additions	86,759	0	86,759	0
Reclassification to nonaccretable	0	0	0	-1,352
Accretion recognized in earnings	612	0	612	413
Accretable yield at the end of the period	$86,147	$406	$86,147	$406

LOAN_PORTFOLIO_Changes_in_Carr

LOAN PORTFOLIO -Changes in Carrying Amount Of Purchased Credit Impaired Loans (Detail) (USD $)	3 Months Ended			6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013	Jun. 30, 2014		Jun. 30, 2013
Financing Receivable Impaired [Line Items]	'		'	'		'
Beggining balance: purchased credit-impaired loans	'		'	$4,791		'
Accretion	-612		0	-612		-413
Ending balance: purchased credit-impaired loans	105,620		'	105,620		'
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities [Member]	'		'	'		'
Financing Receivable Impaired [Line Items]	'		'	'		'
Beggining balance: purchased credit-impaired loans	3,383	[1]	'	4,791	[1]	'
Purchased Credit Impaired Loans Aquired	102,831	[2]	'	102,831	[2]	'
Accretion	612		'	612		'
Sop Collections And Charge Offs	-1,207		'	-2,615		'
Ending balance: purchased credit-impaired loans	$105,619		'	$105,619		'
[1]	Relates to PCI loans acquired as part of the credit card portfolio purchased in the second quarter of 2012.
[2]	Represents the estimated fair value of the PCI loans acquired from Doral at the date of acquisition.

LOAN_PORTFOLIO_Selected_Inform

LOAN PORTFOLIO - Selected Information on TDRs Includes Recorded Investment by Loan Class and Modification Type (Detail) (USD $)	Jun. 30, 2014		Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	$628,233	[1]	$622,320	$630,258	[2]
Interest Rate Below Market [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	70,057	[1]	'	79,229	[2]
Maturity of Term Extension [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	25,812	[1]	'	34,805	[2]
Combination of reduction in interest rate and extension of maturity [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	412,931	[1]	'	398,307	[2]
Forgiveness of principal and/or interest [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	3,230	[1]	'	4,123	[2]
Other [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	116,203	[1],[3]	'	113,794	[2],[3]
Non Fha Va Residential Mortgage Loans [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	342,912		'	337,244
Non Fha Va Residential Mortgage Loans [Member] | Interest Rate Below Market [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	24,088		'	23,428
Non Fha Va Residential Mortgage Loans [Member] | Maturity of Term Extension [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	6,437		'	6,059
Non Fha Va Residential Mortgage Loans [Member] | Combination of reduction in interest rate and extension of maturity [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	277,431		'	274,562
Non Fha Va Residential Mortgage Loans [Member] | Forgiveness of principal and/or interest [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	0		'	0
Non Fha Va Residential Mortgage Loans [Member] | Other [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	34,956	[3]	'	33,195	[3]
Commercial Mortgage Loans [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	137,619		'	153,576
Commercial Mortgage Loans [Member] | Interest Rate Below Market [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	30,672		'	36,543
Commercial Mortgage Loans [Member] | Maturity of Term Extension [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	12,884		'	12,985
Commercial Mortgage Loans [Member] | Combination of reduction in interest rate and extension of maturity [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	74,939		'	83,993
Commercial Mortgage Loans [Member] | Forgiveness of principal and/or interest [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	0		'	7
Commercial Mortgage Loans [Member] | Other [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	19,124	[3]	'	20,048	[3]
Commercial And Industrial Loan [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	103,538		'	91,951
Commercial And Industrial Loan [Member] | Interest Rate Below Market [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	7,666		'	12,099
Commercial And Industrial Loan [Member] | Maturity of Term Extension [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	4,885		'	11,341
Commercial And Industrial Loan [Member] | Combination of reduction in interest rate and extension of maturity [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	33,216		'	12,835
Commercial And Industrial Loan [Member] | Forgiveness of principal and/or interest [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	3,100		'	3,122
Commercial And Industrial Loan [Member] | Other [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	54,671	[3]	'	52,554	[3]
Consumer Auto Loans [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	14,110		'	14,122
Consumer Auto Loans [Member] | Interest Rate Below Market [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	0		'	0
Consumer Auto Loans [Member] | Maturity of Term Extension [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	544		'	706
Consumer Auto Loans [Member] | Combination of reduction in interest rate and extension of maturity [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	8,662		'	8,350
Consumer Auto Loans [Member] | Forgiveness of principal and/or interest [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	0		'	0
Consumer Auto Loans [Member] | Other [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	4,904	[3]	'	5,066	[3]
Finance Leases [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	2,162		'	2,358
Finance Leases [Member] | Interest Rate Below Market [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	0		'	0
Finance Leases [Member] | Maturity of Term Extension [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	510		'	1,286
Finance Leases [Member] | Combination of reduction in interest rate and extension of maturity [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	1,652		'	1,072
Finance Leases [Member] | Forgiveness of principal and/or interest [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	0		'	0
Finance Leases [Member] | Other [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	0	[3]	'	0	[3]
Other Consumer Loans [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	10,919		'	10,864
Other Consumer Loans [Member] | Interest Rate Below Market [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	642		'	227
Other Consumer Loans [Member] | Maturity of Term Extension [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	178		'	256
Other Consumer Loans [Member] | Combination of reduction in interest rate and extension of maturity [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	8,407		'	8,638
Other Consumer Loans [Member] | Forgiveness of principal and/or interest [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	130		'	0
Other Consumer Loans [Member] | Other [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	1,562	[3]	'	1,743	[3]
Commercial Construction [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	3,848		'	3,924
Commercial Construction [Member] | Interest Rate Below Market [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	0		'	0
Commercial Construction [Member] | Maturity of Term Extension [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	0		'	0
Commercial Construction [Member] | Combination of reduction in interest rate and extension of maturity [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	3,848		'	3,924
Commercial Construction [Member] | Forgiveness of principal and/or interest [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	0		'	0
Commercial Construction [Member] | Other [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	0	[3]	'	0	[3]
Residential Construction [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	9,889		'	10,894
Residential Construction [Member] | Interest Rate Below Market [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	6,155		'	6,054
Residential Construction [Member] | Maturity of Term Extension [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	160		'	160
Residential Construction [Member] | Combination of reduction in interest rate and extension of maturity [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	3,142		'	3,173
Residential Construction [Member] | Forgiveness of principal and/or interest [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	0		'	994
Residential Construction [Member] | Other [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	432	[3]	'	513	[3]
Land Construction [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	3,236		'	5,325
Land Construction [Member] | Interest Rate Below Market [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	834		'	878
Land Construction [Member] | Maturity of Term Extension [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	214		'	2,012
Land Construction [Member] | Combination of reduction in interest rate and extension of maturity [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	1,634		'	1,760
Land Construction [Member] | Forgiveness of principal and/or interest [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	0		'	0
Land Construction [Member] | Other [Member]	'		'	'
Financing Receivable Impaired [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	$554	[3]	'	$675	[3]
[1]	B Excludes TDRs held for sale amounting to $45.8 million as of June 30, 2014
[2]	B Excludes TDRs held for sale amounting to $45.9 million as of December 31, 2013.
[3]	B Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation or a combination of the concessions listed in the table.

LOAN_PORTFOLIO_Corporations_TD

LOAN PORTFOLIO - Corporation's TDR Activity (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2014
Schedule Of Financing Receivables [Line Items]	'		'
Beginning Balance of TDRs	$622,320		$630,258	[1]
New TDRs	34,810		54,745
Increases to existing TDRs (disbursements)	107		134
Charge-offs post modification	-18,666		-26,648
Sales	0		0
Foreclosures	-1,527		-2,601
Removed from TDR classification	0		0
TDRs transferred to loans held for sale	0		0
Paid-off and partial payments	-8,811		-27,655
Ending balance of TDRs	$628,233	[2]	$628,233	[2]
[1]	B Excludes TDRs held for sale amounting to $45.9 million as of December 31, 2013.
[2]	B Excludes TDRs held for sale amounting to $45.8 million as of June 30, 2014

LOAN_PORTFOLIO_Breakdown_Betwe

LOAN PORTFOLIO - Breakdown Between Accrual and Nonaccrual Status of TDRs (Detail) (USD $)	Jun. 30, 2014		Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	$628,233	[1]	$622,320	$630,258	[2]
Non Fha Va Residential Mortgage Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	342,912		'	337,243
Commercial Mortgage Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	137,619		'	153,575
Commercial And Industrial Loan [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	103,538		'	91,950
Construction Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	17,000		'	'
Consumer Auto Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	14,110		'	14,122
Finance Leases [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	2,162		'	2,360
Other Consumer Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	10,919		'	10,865
Non Accrual [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	216,363	[3],[4]	'	204,875	[5],[6]
Non Accrual [Member] | Non Fha Va Residential Mortgage Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	85,964	[3],[4]	'	73,324	[5],[6]
Non Accrual [Member] | Commercial Mortgage Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	59,824	[3],[4]	'	69,156	[5],[6]
Non Accrual [Member] | Commercial And Industrial Loan [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	50,289	[3],[4]	'	38,441	[5],[6]
Non Accrual [Member] | Consumer Auto Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	5,263	[3],[4]	'	5,610	[5],[6]
Non Accrual [Member] | Finance Leases [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	102	[3],[4]	'	85	[5],[6]
Non Accrual [Member] | Other Consumer Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	2,060	[3],[4]	'	2,448	[5],[6]
Accrual [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	411,870		'	425,383
Accrual [Member] | Non Fha Va Residential Mortgage Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	256,948		'	263,919
Accrual [Member] | Commercial Mortgage Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	77,795		'	84,419
Accrual [Member] | Commercial And Industrial Loan [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	53,249		'	53,509
Accrual [Member] | Consumer Auto Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	8,847		'	8,512
Accrual [Member] | Finance Leases [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	2,060		'	2,275
Accrual [Member] | Other Consumer Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	8,859		'	8,417
Non Fha Va Residential Mortgage Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	342,912		'	337,244
Commercial Mortgage Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	137,619		'	153,576
Commercial And Industrial Loan [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	103,538		'	91,951
Consumer Auto Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	14,110		'	14,122
Finance Leases [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	2,162		'	2,358
Other Consumer Loans [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	10,919		'	10,864
Commercial Construction [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	3,848		'	3,924
Commercial Construction [Member] | Non Accrual [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	3,848	[3],[4]	'	3,924	[5],[6]
Commercial Construction [Member] | Accrual [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	0		'	0
Residential Construction [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	9,889		'	10,894
Residential Construction [Member] | Non Accrual [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	6,588	[3],[4]	'	7,562	[5],[6]
Residential Construction [Member] | Accrual [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	3,301		'	3,332
Land Construction [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	3,236		'	5,325
Land Construction [Member] | Non Accrual [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	2,425	[3],[4]	'	4,325	[5],[6]
Land Construction [Member] | Accrual [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Financing Receivable, Modifications, Recorded Investment	$811		'	$1,000
[1]	B Excludes TDRs held for sale amounting to $45.8 million as of June 30, 2014
[2]	B Excludes TDRs held for sale amounting to $45.9 million as of December 31, 2013.
[3]	Included in non-accrual loans are $85.5 million in loans that are performing under the terms of the restructuring agreement but are reported in non-accrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and there is no doubt about full collectability.
[4]	Excludes non-accrual TDRs held for sale with a carrying value of $45.8 million as of June 30, 2014.
[5]	Included in non-accrual loans are $95.7 million in loans that are performing under the terms of the restructuring agreement but are reported in non-accrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and there is no doubt about full collectability.
[6]	Excludes non-accrual TDRs held for sale with a carrying value of $45.9 million as of December 31, 2013.

LOAN_PORTFOLIO_Breakdown_Betwe1

LOAN PORTFOLIO - Breakdown Between Accrual and Nonaccrual Status of TDRs (Parenthetical) (Detail) (USD $)	Jun. 30, 2014		Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Financing Receivable Modifications [Line Items]	'		'	'
Total TDR loans	$628,233	[1]	$622,320	$630,258	[2]
Performing Financing Receivable [Member] | Non Accrual [Member]	'		'	'
Financing Receivable Modifications [Line Items]	'		'	'
Total TDR loans	$85,500		'	$95,700
[1]	B Excludes TDRs held for sale amounting to $45.8 million as of June 30, 2014
[2]	B Excludes TDRs held for sale amounting to $45.9 million as of December 31, 2013.

LOAN_PORTFOLIO_Loan_Modificati

LOAN PORTFOLIO - Loan Modifications are Considered TDRs (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
	numberofcontracts	numberofcontracts	numberofcontracts	numberofcontracts
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	516	574	1,127	1,180
Pre-Modification Outstanding Recorded Investment	$35,635	$9,235	$55,899	$89,962
Post-Modification Outstanding Recorded Investment	34,810	9,235	54,745	64,598
Non Fha Va Residential Mortgage Loans [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	91	40	138	113
Pre-Modification Outstanding Recorded Investment	11,017	3,335	18,726	13,098
Post-Modification Outstanding Recorded Investment	10,264	3,335	17,975	13,122
Commercial Mortgage Loans [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	1	1	4	1
Pre-Modification Outstanding Recorded Investment	410	491	1,244	491
Post-Modification Outstanding Recorded Investment	410	491	1,247	491
Commercial And Industrial Loan [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	7	1	12	8
Pre-Modification Outstanding Recorded Investment	21,114	1,165	29,078	68,051
Post-Modification Outstanding Recorded Investment	21,114	1,165	28,744	42,663
Consumer Auto Loans [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	92	142	209	285
Pre-Modification Outstanding Recorded Investment	1,408	1,945	3,013	3,868
Post-Modification Outstanding Recorded Investment	1,393	1,945	2,998	3,868
Finance Leases [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	10	19	20	38
Pre-Modification Outstanding Recorded Investment	174	416	367	729
Post-Modification Outstanding Recorded Investment	142	416	335	729
Other Consumer Loans [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	313	367	742	730
Pre-Modification Outstanding Recorded Investment	1,457	1,675	3,416	3,322
Post-Modification Outstanding Recorded Investment	1,430	1,675	3,389	3,322
Commercial Construction [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	0	0	0	0
Pre-Modification Outstanding Recorded Investment	0	0	0	0
Post-Modification Outstanding Recorded Investment	0	0	0	0
Residential Construction [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	0	0	0	1
Pre-Modification Outstanding Recorded Investment	0	0	0	195
Post-Modification Outstanding Recorded Investment	0	0	0	195
Land Construction [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	2	4	2	4
Pre-Modification Outstanding Recorded Investment	55	208	55	208
Post-Modification Outstanding Recorded Investment	$57	$208	$57	$208

LOAN_PORTFOLIO_Loan_Modificati1

LOAN PORTFOLIO - Loan Modifications Considered Troubled Debt Restructurings Defaulted (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
	numberofcontracts	numberofcontracts	numberofcontracts	numberofcontracts
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	91	64	154	119
Recorded Investment	$2,804	$2,536	$5,571	$60,091
Non Fha Va Residential Mortgage Loans [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	19	19	33	64
Recorded Investment	2,267	2,090	4,819	9,615
Commercial Mortgage Loans [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	0	0	0	1
Recorded Investment	0	0	0	46,102
Commercial And Industrial Loan [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	0	0	0	2
Recorded Investment	0	0	0	3,829
Construction Loans [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	'	'	'	'
Recorded Investment	'	'	'	'
Consumer Auto Loans [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	18	5	22	7
Recorded Investment	286	37	325	54
Other Consumer Loans [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	53	35	98	40
Recorded Investment	205	137	381	219
Finance Leases [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	0	2	0	2
Recorded Investment	0	20	0	20
Commercial Construction [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	0	0	0	0
Recorded Investment	0	0	0	0
Residential Construction [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	0	1	0	1
Recorded Investment	0	186	0	186
Land Construction [Member]	'	'	'	'
Financing Receivable Modifications [Line Items]	'	'	'	'
Number of Contracts	1	2	1	2
Recorded Investment	$46	$66	$46	$66

LOAN_PORTFOLIO_Loan_Restructur

LOAN PORTFOLIO - Loan Restructuring and Effect on Allowance for Loan and Lease Losses (Detail) (USD $)	3 Months Ended			6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013	Jun. 30, 2014		Jun. 30, 2013	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable Allowance For Credit Losses [Line Items]	'		'	'		'	'	'
Financing Receivable, Modifications, Recorded Investment	$628,233	[1]	'	$628,233	[1]	'	$622,320	$630,258	[2]
Charges to the provision for loan losses	26,744		87,464	58,659		198,587	'	'
Allowance for loan losses at the end of the period	241,177		'	241,177		'	'	285,858
Loans Split [Member]	'		'	'		'	'	'
Financing Receivable Allowance For Credit Losses [Line Items]	'		'	'		'	'	'
Financing Receivable, Modifications, Recorded Investment	62,159		93,451	62,159		93,451	'	'
Amount charged-off	-4,106		25,389	'		'	'	'
Charges to the provision for loan losses	-4,725		2,318	'		'	'	'
Allowance for loan losses at the end of the period	942		3,339	942		3,339	'	'
Accrual [Member]	'		'	'		'	'	'
Financing Receivable Allowance For Credit Losses [Line Items]	'		'	'		'	'	'
Financing Receivable, Modifications, Recorded Investment	$411,870		'	$411,870		'	'	$425,383
[1]	B Excludes TDRs held for sale amounting to $45.8 million as of June 30, 2014
[2]	B Excludes TDRs held for sale amounting to $45.9 million as of December 31, 2013.

ALLOWANCE_FOR_LOAN_AND_LEASE_L2

ALLOWANCE FOR LOAN AND LEASE LOSSES - Changes in Allowance for Loan and Lease Losses (Detail) (USD $)	3 Months Ended			6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013		Jun. 30, 2014	Jun. 30, 2013		Mar. 31, 2014	Dec. 31, 2013
Financing Receivable Allowance For Credit Losses [Line Items]	'	'		'	'		'	'
Beginning balance	$266,778	$342,531		$285,858	$435,414		'	'
Charge-offs	-59,054	-34,452		-112,761	-142,713		'	'
Charge-off related to bulk sale	'	97,972		'	196,491		'	'
Recoveries	6,709	3,476		9,421	6,250		'	'
Provision For Loan Lease And Other Losses	26,744	-87,464		58,659	-198,587		'	'
Reclassification	'	0	[1]	'	0	[1]	'	'
Ending balance	241,177	301,047		241,177	301,047		'	'
Balance at end of period	68,358	114,953		68,358	114,953		85,016	102,601
Ending balance: general allowance	172,819	186,094		172,819	186,094		'	'
Ending balance	9,467,101	9,445,786		9,467,101	9,445,786		'	9,636,170
Ending balance: impaired loans	908,858	908,245		908,858	908,245		879,388	919,112
Ending balance: purchased credit-impaired loans	105,620	'		105,620	'		'	4,791
Ending balance: loans with general allowance	8,452,623	8,529,256		8,452,623	8,529,256		'	'
Purchased Credit Impaired [Member]	'	'		'	'		'	'
Financing Receivable Allowance For Credit Losses [Line Items]	'	'		'	'		'	'
Ending balance: purchased credit-impaired loans	0	0		0	0		'	'
Ending balance: purchased credit-impaired loans	105,620	8,285		105,620	8,285		'	'
Residential Mortgage [Member]	'	'		'	'		'	'
Financing Receivable Allowance For Credit Losses [Line Items]	'	'		'	'		'	'
Beginning balance	30,508	64,722		33,110	68,354		'	'
Charge-offs	-4,987	-5,956		-11,409	-16,653		'	'
Charge-off related to bulk sale	'	97,941		'	98,972		'	'
Recoveries	300	479		369	627		'	'
Provision For Loan Lease And Other Losses	3,934	-74,277		7,685	-82,225		'	'
Reclassification	'	0	[1]	'	0	[1]	'	'
Ending balance	29,755	35,581		29,755	35,581		'	'
Balance at end of period	16,464	20,406		16,464	20,406		'	'
Ending balance: general allowance	13,291	15,175		13,291	15,175		'	'
Ending balance	2,795,159	2,511,206		2,795,159	2,511,206		'	'
Ending balance: impaired loans	414,448	384,062		414,448	384,062		'	'
Ending balance: loans with general allowance	2,280,714	2,127,144		2,280,714	2,127,144		'	'
Residential Mortgage [Member] | Purchased Credit Impaired [Member]	'	'		'	'		'	'
Financing Receivable Allowance For Credit Losses [Line Items]	'	'		'	'		'	'
Ending balance: purchased credit-impaired loans	0	0		0	0		'	'
Ending balance: purchased credit-impaired loans	99,997	0		99,997	0		'	'
Commercial Mortgage [Member]	'	'		'	'		'	'
Financing Receivable Allowance For Credit Losses [Line Items]	'	'		'	'		'	'
Beginning balance	66,512	78,053		73,138	97,692		'	'
Charge-offs	-13,423	-3,271		-19,233	-19,270		'	'
Charge-off related to bulk sale	'	0		'	40,057		'	'
Recoveries	4,297	18		4,332	38		'	'
Provision For Loan Lease And Other Losses	-8,808	-2,522		-9,659	-38,919		'	'
Reclassification	'	10,691	[1]	'	10,691	[1]	'	'
Ending balance	48,578	88,013		48,578	88,013		'	'
Balance at end of period	16,317	33,219		16,317	33,219		'	'
Ending balance: general allowance	32,261	54,794		32,261	54,794		'	'
Ending balance	1,813,930	1,916,509		1,813,930	1,916,509		'	'
Ending balance: impaired loans	238,997	212,983		238,997	212,983		'	'
Ending balance: loans with general allowance	1,571,486	1,703,526		1,571,486	1,703,526		'	'
Commercial Mortgage [Member] | Purchased Credit Impaired [Member]	'	'		'	'		'	'
Financing Receivable Allowance For Credit Losses [Line Items]	'	'		'	'		'	'
Ending balance: purchased credit-impaired loans	0	0		0	0		'	'
Ending balance: purchased credit-impaired loans	3,447	0		3,447	0		'	'
Commercial And Industrial Loans [Member]	'	'		'	'		'	'
Financing Receivable Allowance For Credit Losses [Line Items]	'	'		'	'		'	'
Beginning balance	79,590	97,363		85,295	146,900		'	'
Charge-offs	-19,452	-6,488		-41,911	-47,430		'	'
Charge-off related to bulk sale	'	0		'	44,678		'	'
Recoveries	416	968		1,079	1,759		'	'
Provision For Loan Lease And Other Losses	16,336	-5,274		32,427	-40,566		'	'
Reclassification	'	-9,440	[1]	'	-9,440	[1]	'	'
Ending balance	76,890	87,677		76,890	87,677		'	'
Balance at end of period	22,745	36,503		22,745	36,503		'	'
Ending balance: general allowance	54,145	51,174		54,145	51,174		'	'
Ending balance	2,647,478	2,775,791		2,647,478	2,775,791		'	'
Ending balance: impaired loans	179,764	206,932		179,764	206,932		'	'
Ending balance: loans with general allowance	2,467,714	2,568,859		2,467,714	2,568,859		'	'
Commercial And Industrial Loans [Member] | Purchased Credit Impaired [Member]	'	'		'	'		'	'
Financing Receivable Allowance For Credit Losses [Line Items]	'	'		'	'		'	'
Ending balance: purchased credit-impaired loans	0	0		0	0		'	'
Ending balance: purchased credit-impaired loans	0	0		0	0		'	'
Construction Loans [Member]	'	'		'	'		'	'
Financing Receivable Allowance For Credit Losses [Line Items]	'	'		'	'		'	'
Beginning balance	27,411	45,033		35,814	61,600		'	'
Charge-offs	-2,661	-2,387		-3,631	-28,246		'	'
Charge-off related to bulk sale	'	31		'	12,784		'	'
Recoveries	55	50		672	147		'	'
Provision For Loan Lease And Other Losses	-3,513	6,686		-11,563	-15,262		'	'
Reclassification	'	-1,251	[1]	'	-1,251	[1]	'	'
Ending balance	21,292	34,728		21,292	34,728		'	'
Balance at end of period	8,962	21,884		8,962	21,884		'	'
Ending balance: general allowance	12,330	12,844		12,330	12,844		'	'
Ending balance	148,266	194,912		148,266	194,912		'	'
Ending balance: impaired loans	46,721	76,483		46,721	76,483		'	'
Ending balance: loans with general allowance	101,545	118,429		101,545	118,429		'	'
Construction Loans [Member] | Purchased Credit Impaired [Member]	'	'		'	'		'	'
Financing Receivable Allowance For Credit Losses [Line Items]	'	'		'	'		'	'
Ending balance: purchased credit-impaired loans	0	0		0	0		'	'
Ending balance: purchased credit-impaired loans	0	0		0	0		'	'
Consumer Loan [Member]	'	'		'	'		'	'
Financing Receivable Allowance For Credit Losses [Line Items]	'	'		'	'		'	'
Beginning balance	62,757	57,360		58,501	60,868		'	'
Charge-offs	-18,531	-16,350		-36,577	-31,114		'	'
Charge-off related to bulk sale	'	0		'	0		'	'
Recoveries	1,641	1,961		2,969	3,679		'	'
Provision For Loan Lease And Other Losses	18,795	-12,077		39,769	-21,615		'	'
Reclassification	'	0	[1]	'	0	[1]	'	'
Ending balance	64,662	55,048		64,662	55,048		'	'
Balance at end of period	3,870	2,941		3,870	2,941		'	'
Ending balance: general allowance	60,792	52,107		60,792	52,107		'	'
Ending balance	2,062,268	2,047,368		2,062,268	2,047,368		'	'
Ending balance: impaired loans	28,928	27,785		28,928	27,785		'	'
Ending balance: loans with general allowance	2,031,164	2,011,298		2,031,164	2,011,298		'	'
Consumer Loan [Member] | Purchased Credit Impaired [Member]	'	'		'	'		'	'
Financing Receivable Allowance For Credit Losses [Line Items]	'	'		'	'		'	'
Ending balance: purchased credit-impaired loans	0	0		0	0		'	'
Ending balance: purchased credit-impaired loans	$2,176	$8,285		$2,176	$8,285		'	'
[1]	During the second quarter of 2013, after a comprehensive review of substantially all of the loans in our commercial portfolios, the classification of certain loans was revised to more accurately depict the nature of the underlying loans. This reclassification resulted in a net increase of $269.0 million in commercial mortgage loans, since the principal source of repayment for such loans is derived primarily from the operation of the underlying real estate, with a corresponding decrease of $246.8 million in commercial and industrial loans and $22.2 million decrease in construction loans. The Corporation evaluated the impact of this reclassification on the provision for loan losses and determined that the effect of this adjustment was not material to any previously reported results.

ALLOWANCE_FOR_LOAN_AND_LEASE_L3

ALLOWANCE FOR LOAN AND LEASE LOSSES - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2013	Jun. 30, 2013	Jun. 30, 2013	Jun. 30, 2013
			Net Increase [Member]	Net Decrease [Member]	Net Decrease [Member]
			Commercial Mortgage [Member]	Commercial And Industrial [Member]	Construction Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]	'	'	'	'	'
Reserve for unfunded loan commitments	$0.20	'	'	'	'
Adversely classified assets sold	'	217.7	'	'	'
Charge-offs	'	98.5	'	'	'
Charge-off related to credit losses	'	39.9	'	'	'
Changes In Allowance For Loan Losses	-4.8	'	'	'	'
Reclassification Of Loans	'	'	$269	$246.80	$22.20

LOANS_HELD_FOR_SALE_Portfolio_

LOANS HELD FOR SALE - Portfolio of Loans Held for Sale (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Accounts Notes And Loans Receivable [Line Items]	'	'
Commercial Mortgage loans	$6,953	$6,999
Total	72,105	75,969
Residential Mortgage [Member]	'	'
Accounts Notes And Loans Receivable [Line Items]	'	'
Residential mortgage loans	17,350	21,168
Construction Loans [Member]	'	'
Accounts Notes And Loans Receivable [Line Items]	'	'
Construction loans	$47,802	$47,802

LOANS_HELD_FOR_SALE_Additional

LOANS HELD FOR SALE - Additional Information (Details) (USD $)	3 Months Ended
	Sep. 30, 2013	Mar. 31, 2013	Jun. 30, 2014	Dec. 31, 2013
Accounts Notes And Loans Receivable [Line Items]	'	'	'	'
Loans held for sale	'	'	$72,105,000	$75,969,000
Commercial Mortgage loans	'	'	6,953,000	6,999,000
Non-performing loan sold previously reclassified to Loans Held For Sale	'	211,400,000	'	'
Repayment of construction loans held for sale	6,400,000	'	'	'
Non Accrual [Member]	'	'	'	'
Accounts Notes And Loans Receivable [Line Items]	'	'	'	'
Loans held for sale	'	'	54,800,000	54,800,000
Commercial Mortgage loans	'	'	7,000,000	7,000,000
Construction loans	'	'	$47,800,000	$47,800,000

DERIVATIVE_INSTRUMENTS_AND_HED2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Notional Amounts of All Derivative Instruments (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Derivative [Line Items]	'	'
Notional amount of derivatives	$123,397	$132,862
Interest Rate Swap [Member]	'	'
Derivative [Line Items]	'	'
Notional amount of derivatives	30,859	31,080
Nondesignated [Member] | Interest Rate Swap [Member]	'	'
Derivative [Line Items]	'	'
Notional amount of derivatives	30,859	31,080
Nondesignated [Member] | Interest Rate Cap [Member] | Purchase	'	'
Derivative [Line Items]	'	'
Notional amount of derivatives	37,769	38,391
Nondesignated [Member] | Interest Rate Cap [Member] | Written	'	'
Derivative [Line Items]	'	'
Notional amount of derivatives	37,769	38,391
Nondesignated [Member] | Forward Contracts [Member]	'	'
Derivative [Line Items]	'	'
Notional amount of derivatives	$17,000	$25,000

DERIVATIVE_INSTRUMENTS_AND_HED3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Summary of Fair Value of Derivative Instruments and Location in Statement of Financial Condition (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Derivatives Fair Value [Line Items]	'	'
Derivatives, included in assets	$115	$394
Derivatives, included in liabilities	3,572	4,023
Other Assets [Member] | Interest Rate Swap [Member]	'	'
Derivatives Fair Value [Line Items]	'	'
Derivatives, included in assets	99	162
Other Assets [Member] | Interest Rate Cap [Member] | Purchase	'	'
Derivatives Fair Value [Line Items]	'	'
Derivatives, included in assets	16	58
Other Assets [Member] | Interest Rate Cap [Member] | Written	'	'
Derivatives Fair Value [Line Items]	'	'
Derivatives, included in assets	0	0
Other Assets [Member] | Forward Contracts [Member]	'	'
Derivatives Fair Value [Line Items]	'	'
Derivatives, included in assets	0	174
Other Liabilities [Member] | Interest Rate Swap [Member]	'	'
Derivatives Fair Value [Line Items]	'	'
Derivatives, included in liabilities	3,328	3,965
Other Liabilities [Member] | Interest Rate Cap [Member] | Purchase	'	'
Derivatives Fair Value [Line Items]	'	'
Derivatives, included in liabilities	0	0
Other Liabilities [Member] | Interest Rate Cap [Member] | Written	'	'
Derivatives Fair Value [Line Items]	'	'
Derivatives, included in liabilities	16	58
Other Liabilities [Member] | Forward Contracts [Member]	'	'
Derivatives Fair Value [Line Items]	'	'
Derivatives, included in liabilities	$228	$0

DERIVATIVE_INSTRUMENTS_AND_HED4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Effect of Derivative Instruments on Statement of Income (Loss) (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Economic undesignated hedges:	'	'	'	'
Total gain (loss) on derivatives	$24	$1,679	$172	$1,974
Interest Income Loans [Member] | Interest Rate Swap [Member]	'	'	'	'
Economic undesignated hedges:	'	'	'	'
Total gain (loss) on derivatives	261	709	574	1,099
Interest Income Loans [Member] | Interest Rate Cap [Member]	'	'	'	'
Economic undesignated hedges:	'	'	'	'
Total gain (loss) on derivatives	0	-1	0	9
Mortgage Banking Activities [Member] | Forward Contracts [Member]	'	'	'	'
Economic undesignated hedges:	'	'	'	'
Total gain (loss) on derivatives	($237)	$971	($402)	$866

DERIVATIVE_INSTRUMENTS_AND_HED5

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Summary of Interest Rate Swaps (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Pay fixed/receive floating :	'	'
Notional amount	$123,397	$132,862
Weighted-average receive rate at period end	1.84%	1.85%
Weighted-average pay rate at period end	6.77%	6.77%
Interest Rate Swap [Member]	'	'
Pay fixed/receive floating :	'	'
Notional amount	$30,859	$31,080

DERIVATIVE_INSTRUMENTS_AND_HED6

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Additional Information (Detail)	Jun. 30, 2014
Maximum [Member]	'
Derivative Instruments Gain Loss [Line Items]	'
Floating rate range	1.87%
Minimum [Member]	'
Derivative Instruments Gain Loss [Line Items]	'
Floating rate range	1.67%

OFFESTTING_OF_ASSETS_AND_LIABI

OFFESTTING OF ASSETS AND LIABILITIES - Offsetting of financial assets and liabilities (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Offsetting [Abstract]	'	'
Gross amount recognized of derivative asset	$16	$58
Gross amount of derivatives assets offset	0	0
Net asset amount of assets presented in the Statement of Financial Condition	16	58
Obligation to return Financial instrument, derivatives assets	-16	-58
Obligation to return Cash Collateral, derivative assets	0	0
Net derivative asset amount not offset	0	0
Gross amount recognized of derivative liabilities	3,328	3,965
Gross amount of derivative liabilities offset	0	0
Net derivative liability amount offset presented	3,328	3,965
Right to claim Financial instrument, derivatives liabilities	-3,328	-3,965
Right to claim Cash Collateral, derivatives liabilities	0	0
Net derivatives liability amount not offset	0	0
Gross amount recognized of repurchase agreements	600,000	600,000
Gross amount of repurchase agreements offset	0	0
Net repurchase agreements amount offset presented	600,000	600,000
Right to claim Financial instrument, repurchase agreements	-600,000	-600,000
Right to claim Cash Collateral, repurchase agreements	0	0
Net repurchase agreements amount not offset	0	0
Gross amount recognized of liabilities	603,328	603,965
Gross amount of liabilties offset	0	0
Net liabilities amount offset presented	603,328	603,965
Right to claim Financial instrument, liabilities	-603,328	-603,965
Right to claim Cash Collateral, liabilties	0	0
Net liability amount not offset	$0	$0

GOODWILL_AND_OTHER_INTANGIBLES2

GOODWILL AND OTHER INTANGIBLES - Additional Information (Detail) (USD $)

6 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2012

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Purchased Credit Card Relationship Intangible [Member]

Purchased Credit Card Relationship Intangible [Member]

Purchased Credit Card Relationship Intangible [Member]

Purchased Credit Card Relationship Intangible [Member]

Purchased Credit Card Relationship Intangible [Member]

Core Deposits [Member]

Core Deposits [Member]

Core Deposits [Member]

Core Deposits [Member]

Core Deposits [Member]

Finite Lived Intangible Assets [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Goodwill

$28,100,000

'

$28,100,000

'

'

'

'

'

'

'

'

'

'

'

Purchase credit card relationship intangible amount

'

'

'

24,500,000

24,465,000

'

24,465,000

'

24,465,000

45,844,000

'

45,844,000

'

45,844,000

Amortization period of purchased credit card relationship intangible

'

'

'

'

'7 years 6 months 0 days

'

'

'

'8 years 0 months 0 days

'8 years 10 months 24 days

'

'

'

'9 years 9 months 18 days

Amortization expense

$2,488,000

$3,039,000

'

'

$900,000

$900,000

$1,700,000

$1,900,000

'

$400,000

$600,000

$800,000

$1,200,000

'

GOODWILL_AND_OTHER_INTANGIBLES3

GOODWILL AND OTHER INTANGIBLES - Gross Amount and Accumulated Amortization of Other Intangible Assets (Detail) (USD $)	Jun. 30, 2012	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified		Core Deposits [Member]	Core Deposits [Member]	Purchased Credit Card Relationship Intangible [Member]	Purchased Credit Card Relationship Intangible [Member]
Finite Lived Intangible Assets [Line Items]	'	'	'	'	'
Gross amount	$24,500	$45,844	$45,844	$24,465	$24,465
Accumulated amortization	'	-39,644	-38,863	-6,385	-4,678
Net carrying amount	'	$6,200	$6,981	$18,080	$19,787
Remaining amortization period	'	'8 years 10 months 24 days	'9 years 9 months 18 days	'7 years 6 months 0 days	'8 years 0 months 0 days

NONCONSOLIDATED_VARIABLE_INTER2

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended	12 Months Ended	1 Months Ended		0 Months Ended	3 Months Ended	0 Months Ended
	Feb. 16, 2011	Jun. 30, 2014	Dec. 31, 2013	Apr. 30, 2004	Sep. 30, 2004	Feb. 16, 2011	Jun. 30, 2014	Feb. 16, 2011	Feb. 16, 2011
				Fbp Statutory Trust One [Member]	Fbp Statutory Trust Two [Member]	Cpg Gs [Member]	Cpg Gs [Member]	Prlp [Member]	FirstBank [Member]
Servicing Liabilities At Fair Value [Line Items]	'	'	'	'	'	'	'	'	'
Principal amount of corporation serviced loans securitized through GNMA	'	$1,100,000,000	'	'	'	'	'	'	'
Variable rate trust preferred securities	'	'	'	100,000,000	125,000,000	'	'	'	'
Proceeds of the issuance, together with proceeds of the purchase	'	'	'	3,100,000	3,900,000	'	'	'	'
Principal amount of corporation's junior subordinated deferrable debentures	'	'	'	103,100,000	128,900,000	'	'	'	'
Balance of amortization with third party	'	51,200,000	'	'	'	'	'	'	'
Carrying value with third party	'	38,100,000	'	'	'	'	'	'	'
Percentage of weighted average yield with third party	'	2.21%	'	'	'	'	'	'	'
Loans Sold to CPG	'	'	'	'	'	269,300,000	'	'	'
Cash realized on sale of loan	'	'	'	'	'	88,500,000	'	'	'
Acquired Equity interest on disposal of loans held for sale	'	'	'	'	'	'	'	'	35.00%
Loans acquired on exchange of loan held for sale	'	'	'	'	'	136,100,000	'	'	'
Description of loan	'	'	'	'	'	'30-day LIBOR plus 300 basis points	'	'	'
Percentage of ownership investment in unconsolidated entity	'	'	'	'	'	'	'	65.00%	'
Carrying amount of loan provided	'	'	'	'	'	'	39,200,000	'	'
Equity in losses of unconsolidated entities related to the amortization	'	'	'	'	'	'	1,800,000	'	'
Line of credit facility provided to fund unfunded commitments	'	'	'	'	'	80,000,000	'	'	'
Working capital line of credit to fund certain expenses	20,000,000	'	7,000,000	'	'	'	'	'	'
Revolver agreement of credit facility provided amount outstanding	'	'	'	'	'	'	34,100,000	'	'
Working capital line of credit facility provided amount outstanding	'	'	'	'	'	'	$0	'	'
Percentage of priority interest to be received on invested capital	'	'	'	'	'	'	'	12.00%	12.00%
Payment to be made on pro rata basis	'	'	'	'	'	'	'	35.00%	'
Percentage of variation in assumptions	'	10.00%	'	'	'	'	'	'	'

NONCONSOLIDATED_VARIABLE_INTER3

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Income Statement Information (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Variable Interest Entity [Line Items]	'	'	'	'
Net income (loss)	$21,225	($122,583)	$38,308	($195,216)
Cpg Gs [Member]	'	'	'	'
Variable Interest Entity [Line Items]	'	'	'	'
Revenues	2,118	1,040	2,869	1,719
Gross profit	-455	-1,893	-1,963	-3,668
Net income (loss)	($2,355)	($3,877)	($4,802)	$2,193

NONCONSOLIDATED_VARIABLE_INTER4

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Changes in Servicing Assets (Detail) (USD $)	3 Months Ended				6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Servicing Assets At Amortized Value [Line Items]	'		'		'		'
Balance at beginning of period	$22,026		$18,717		$21,987		$17,524
Capitalization of servicing assets	1,017		2,094		2,069		3,814
Amortization	-790		-796		-1,573		-1,586
Adjustment to servicing assets for loans repurchased	-22	[1]	-313	[1]	-33	[1]	-330	[1]
Adjustment to fair value	39		277		-180		557
Balance at end of period	$22,270		$19,979		$22,270		$19,979
[1]	Amount represents the adjustment to fair value related to the repurchase of loans serviced for others.

NONCONSOLIDATED_VARIABLE_INTER5

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Changes in Impairment Allowance (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Valuation Allowance For Impairment Of Recognized Servicing Assets [Line Items]	'	'	'	'
Balance at beginning of period	$431	$392	$212	$672
Temporary impairment charges	24	75	243	115
OTTI of servicing assets	0	0	0	0
Recoveries	-63	-352	-63	-672
Balance at end of period	$392	$115	$392	$115

NONCONSOLIDATED_VARIABLE_INTER6

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Components of Net Servicing Income (Detail) (USD $)	3 Months Ended				6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Servicing fees	$1,689		$2,096		$3,360		$3,613
Late charges and prepayment penalties	177		218		341		431
Other	-689	[1]	-148	[1]	-1,047	[1]	-148	[1]
Adjustment to servicing assets for loans repurchased	-22	[2]	-313	[2]	-33	[2]	-330	[2]
Servicing income, gross	1,155		1,853		2,621		3,566
Amortization and impairment of servicing assets	-751		-519		-1,753		-1,029
Servicing income, net	$404		$1,334		$868		$2,537
[1]	Mainly consisted of compensatory fees imposed by GSEs and losses related to representations and warranties.
[2]	Amount represents the adjustment to fair value related to the repurchase of loans serviced for others.

NONCONSOLIDATED_VARIABLE_INTER7

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Key Economic Assumptions Used in Determining Fair Value at Time of Sale of Loans (Detail)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Government Guaranteed Mortgage Loans [Member] | Maximum [Member]	'	'
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items]	'	'
Constant prepayment rate	9.60%	10.50%
Discount rate	11.50%	12.00%
Government Guaranteed Mortgage Loans [Member] | Minimum [Member]	'	'
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items]	'	'
Constant prepayment rate	9.10%	9.10%
Discount rate	11.50%	12.00%
Conventional Loan [Member] | Maximum [Member]	'	'
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items]	'	'
Constant prepayment rate	9.40%	10.90%
Discount rate	9.50%	10.00%
Conventional Loan [Member] | Minimum [Member]	'	'
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items]	'	'
Constant prepayment rate	8.90%	9.40%
Discount rate	9.50%	10.00%
Conventional Non Conforming Mortgage Loans [Member] | Maximum [Member]	'	'
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items]	'	'
Constant prepayment rate	13.40%	14.30%
Discount rate	13.90%	14.30%
Conventional Non Conforming Mortgage Loans [Member] | Minimum [Member]	'	'
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items]	'	'
Constant prepayment rate	12.70%	13.50%
Discount rate	13.80%	14.30%

NONCONSOLIDATED_VARIABLE_INTER8

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Weighted-Averages of Key Economic Assumptions in Valuation Model (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012
Carrying amount of servicing assets	$22,270	$22,026	$21,987	$19,979	$18,717	$17,524
Fair value	24,917	'	'	'	'	'
Weighted-average expected life	'9 years 1 month 24 days	'	'	'	'	'
Constant prepayment rate	9.78%	'	'	'	'	'
Decrease in fair value due to 10% adverse change	953	'	'	'	'	'
Decrease in fair value due to 20% adverse change	1,846	'	'	'	'	'
Discount rate	10.62%	'	'	'	'	'
Decrease in fair value due to 10% adverse change	1,045	'	'	'	'	'
Decrease in fair value due to 20% adverse change	$2,009	'	'	'	'	'

DEPOSITS_Summary_of_Deposit_Ba

DEPOSITS - Summary of Deposit Balances (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Deposits [Line Items]	'	'
Non-interest bearing checking accounts	$851,038	$851,212
Savings accounts	2,387,743	2,334,831
Interest-bearing checking accounts	1,079,843	1,167,480
Certificates of deposit	2,215,263	2,384,378
Brokered certificates of deposit	3,096,901	3,142,023
Total deposits	$9,630,788	$9,879,924

DEPOSITS_Brokered_Certificates

DEPOSITS - Brokered Certificates Of Deposit Mature (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Deposits [Line Items]	'	'
Interest Bearing Domestic Deposit Brokered	$3,096,901	$3,142,023
One to ninety days	'	'
Deposits [Line Items]	'	'
Interest Bearing Domestic Deposit Brokered	547,506	'
Over three month to six months	'	'
Deposits [Line Items]	'	'
Interest Bearing Domestic Deposit Brokered	475,447	'
Over six months to one year	'	'
Deposits [Line Items]	'	'
Interest Bearing Domestic Deposit Brokered	757,172	'
One to three year	'	'
Deposits [Line Items]	'	'
Interest Bearing Domestic Deposit Brokered	1,164,461	'
Three to five years	'	'
Deposits [Line Items]	'	'
Interest Bearing Domestic Deposit Brokered	116,314	'
Over five years	'	'
Deposits [Line Items]	'	'
Interest Bearing Domestic Deposit Brokered	$36,001	'

DEPOSITS_Components_of_Interes

DEPOSITS - Components of Interest Expense on Deposits (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Deposits [Line Items]	'	'	'	'
Interest expense on deposits	$17,750	$21,891	$36,264	$45,280
Amortization of broker placement fees	1,716	2,027	3,501	4,182
Interest expense on deposits	$19,466	$23,918	$39,765	$49,462

SECURITIES_SOLD_UNDER_AGREEMEN2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Securities Sold Under Agreements to Repurchase (Detail) (USD $)	Jun. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items]	'		'
Repurchase agreements, interest ranging from 2.45% to 3.35%(December 31, 2012- 2.45% to 3.39%)	$900,000	[1]	$900,000
[1]	As of June 30, 2014, includes $800 million with an average rate of 2.84% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2014. Subsequent to June 30, 2014, no lender has exercised its call option on repurchase agreements. Also includes $700 million that is currently tied to variable rates.

SECURITIES_SOLD_UNDER_AGREEMEN3

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Securities Sold Under Agreements to Repurchase (Parenthetical) (Detail) (USD $)	Jun. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items]	'		'
Securities sold under agreements to repurchase	$900,000	[1]	$900,000
Maximum [Member]	'		'
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items]	'		'
Assets sold under agreements to repurchase interest rate	3.31%		3.32%
Minimum [Member]	'		'
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items]	'		'
Assets sold under agreements to repurchase interest rate	2.45%		2.45%
Weighted Average [Member] | Callable Repurchase Agreements [Member]	'		'
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items]	'		'
Assets sold under agreements to repurchase interest rate	2.84%		'
[1]	As of June 30, 2014, includes $800 million with an average rate of 2.84% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2014. Subsequent to June 30, 2014, no lender has exercised its call option on repurchase agreements. Also includes $700 million that is currently tied to variable rates.

SECURITIES_SOLD_UNDER_AGREEMEN4

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Schedule of Repurchase Agreement Maturity (Detail) (USD $)	Jun. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Repurchase Agreement [Line Items]	'		'
Securities Sold Under Agreements To Repurchase	$900,000	[1]	$900,000
Less than three years	'		'
Repurchase Agreement [Line Items]	'		'
Securities Sold Under Agreements To Repurchase	600,000		'
Three to five years	'		'
Repurchase Agreement [Line Items]	'		'
Securities Sold Under Agreements To Repurchase	$300,000		'
[1]	As of June 30, 2014, includes $800 million with an average rate of 2.84% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2014. Subsequent to June 30, 2014, no lender has exercised its call option on repurchase agreements. Also includes $700 million that is currently tied to variable rates.

SECURITIES_SOLD_UNDER_AGREEMEN5

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Schedule of Repurchase Agreement Maturity (Parenthetical) (Detail) (USD $)	Jun. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Repurchase Agreement [Line Items]	'		'
Securities Sold Under Agreements To Repurchase	$900,000	[1]	$900,000
Callable Repurchase Agreements [Member]	'		'
Repurchase Agreement [Line Items]	'		'
Securities Sold Under Agreements To Repurchase	800,000		'
Variable Rate [Member]	'		'
Repurchase Agreement [Line Items]	'		'
Securities Sold Under Agreements To Repurchase	$700,000		'
[1]	As of June 30, 2014, includes $800 million with an average rate of 2.84% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2014. Subsequent to June 30, 2014, no lender has exercised its call option on repurchase agreements. Also includes $700 million that is currently tied to variable rates.

SECURITIES_SOLD_UNDER_AGREEMEN6

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Repurchase Agreements Grouped by Counterparty (Detail) (USD $)	Jun. 30, 2014		Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified				Citigroup Global Markets [Member]	Jp Morgan Chase [Member]	Dean Witter Morgan Stanley [Member]	Credit Suisse First Boston [Member]
Repurchase Agreement Counterparty [Line Items]	'		'	'	'	'	'
Repurchase agreements, interest ranging from 2.45% to 3.39% (December 31, 2011 - 2.50% to 4.40%) (1)	$900,000	[1]	$900,000	$300,000	$200,000	$100,000	$300,000
Weighted-Average Maturity	'		'	'2 years 3 months 18 days	'2 years 8 months 12 days	'3 years 3 months 18 days	'3 years 6 months 0 days
[1]	As of June 30, 2014, includes $800 million with an average rate of 2.84% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2014. Subsequent to June 30, 2014, no lender has exercised its call option on repurchase agreements. Also includes $700 million that is currently tied to variable rates.

ADVANCES_FROM_THE_FEDERAL_HOME2

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Summary of Advances from FHLB (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Short Term Debt [Line Items]	'	'
Fixed-rate advances from FHLB, with a weighted-average interest rate of 1.69% (December 31, 2012 - 2.26%)	$320,000	$300,000

ADVANCES_FROM_THE_FEDERAL_HOME3

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Summary of Advances from FHLB (Parenthetical) (Detail)	Jun. 30, 2014	Dec. 31, 2013
Short Term Debt [Line Items]	'	'
Weighted-average interest rate	1.07%	1.07%

ADVANCES_FROM_THE_FEDERAL_HOME4

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Advances from FHLB Mature (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Federal Home Loan Bank Advances Branch Of F H L B Bank [Line Items]	'	'
Federal Home Loan Bank Advances	$320,000	$300,000
One to thirty days	'	'
Federal Home Loan Bank Advances Branch Of F H L B Bank [Line Items]	'	'
Federal Home Loan Bank Advances	20,000	'
Over one to three years	'	'
Federal Home Loan Bank Advances Branch Of F H L B Bank [Line Items]	'	'
Federal Home Loan Bank Advances	100,000	'
Over three years	'	'
Federal Home Loan Bank Advances Branch Of F H L B Bank [Line Items]	'	'
Federal Home Loan Bank Advances	$200,000	'

ADVANCES_FROM_THE_FEDERAL_HOME5

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Additional Information (Detail) (USD $)	Jun. 30, 2014
In Millions, unless otherwise specified
Federal Home Loan Bank Advances Branch Of F H L B Bank [Line Items]	'
Credit facility based on collateral pledged	$396.80

OTHER_BORROWINGS_Components_of

OTHER BORROWINGS - Components of Other Borrowings (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Junior subordinated debentures due in 2034	$231,959	$231,959
Junior Subordinated Debentures Bearing Interest At Floating Rate Of Two Point Seventy Five [Member]	'	'
Debt Instrument [Line Items]	'	'
Junior subordinated debentures due in 2034	103,093	103,093
Junior Subordinated Debentures Bearing Interest At Floating Rate Of Two Point Fifty Percent [Member]	'	'
Debt Instrument [Line Items]	'	'
Junior subordinated debentures due in 2034	$128,866	$128,866

OTHER_BORROWINGS_Components_of1

OTHER BORROWINGS - Components of Other Borrowings (Parenthetical) (Detail)	3 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Junior Subordinated Debentures Bearing Interest At Floating Rate Of Two Point Seventy Five [Member]	'	'
Debt Instrument [Line Items]	'	'
Floating Interest rate on junior subordinated debentures	2.98%	2.99%
Callable step-rate notes rate	2.75%	'
Junior Subordinated Debentures Bearing Interest At Floating Rate Of Two Point Fifty Percent [Member]	'	'
Debt Instrument [Line Items]	'	'
Floating Interest rate on junior subordinated debentures	2.73%	2.75%
Callable step-rate notes rate	2.50%	'

STOCKHOLDERS_EQUITY_Additional

STOCKHOLDERS' EQUITY - Additional Information (Detail) (USD $)

6 Months Ended

6 Months Ended

3 Months Ended

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Restricted Stock [Member]

First Fifty Percentage Restricted Stock Nonvest Awards [Member]

First Fifty Percentage Restricted Stock Nonvest Awards [Member]

First Fifty Percentage Restricted Stock Nonvest Awards [Member]

Other Fifty Percentage Restricted Stock Nonvest Awards [Member]

Other Fifty Percentage Restricted Stock Nonvest Awards [Member]

Other Fifty Percentage Restricted Stock Nonvest Awards [Member]

FirstBank [Member]

Series A Preferred Stock [Member]

Series B Preferred Stock [Member]

Series C Preferred Stock [Member]

Series D Preferred Stock [Member]

Series E Preferred Stock [Member]

Omnibus Plan [Member]

Omnibus Plan [Member]

Class Of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, shares authorized

2,000,000,000

2,000,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, par value

$0.10

$0.10

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, shares issued

213,399,037

207,635,157

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, shares outstanding

212,760,158

207,068,978

'

'

'

'

'

'

'

'

'

'

'

'

'

Granted shares of restricted stock

1,020,978

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted stock lapse, maximum

'

'

'

'2 years 0 months 0 days

'2 years 0 months 0 days

'

'3 years 0 months 0 days

'3 years 0 months 0 days

'

'

'

'

'

'

'

Percentage of restricted stock lapse

'

'

'

'

50.00%

50.00%

'

50.00%

50.00%

'

'

'

'

'

'

Corporation has authorized shares of preferred stock

50,000,000

50,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock, par value

$1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock dividend rate percentage

'

'

'

'

'

'

'

'

'

'

7.13%

8.35%

7.40%

7.25%

7.00%

Stock repurchase plan treasury stock

638,879

566,179

'

'

'

'

'

'

'

'

'

'

'

'

'

Legal surplus reserve rate

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

'

'

Original amount contributed in percentage

'

'

'

'

'

'

'

'

'

20.00%

'

'

'

'

'

Repurchased of common stock

'

'

23,555

'

'

'

'

'

'

'

'

'

'

'

'

Liquidation value per share

$25

'

'

'

'

'

'

'

'

'

'

'

'

'

'

STOCKHOLDERS_EQUITY_Exchange_o

STOCKHOLDERS' EQUITY - Exchange offer with respect to Series A through E preferred stock (Detail) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

In Thousands, except Share data, unless otherwise specified

Exchange of preferred stock-Series A through E

Exchange of preferred stock-Series A through E

Series A Preferred Stock [Member]

Series A Preferred Stock [Member]

Series A Preferred Stock [Member]

Series B Preferred Stock [Member]

Series B Preferred Stock [Member]

Series B Preferred Stock [Member]

Series C Preferred Stock [Member]

Series C Preferred Stock [Member]

Series C Preferred Stock [Member]

Series D Preferred Stock [Member]

Series D Preferred Stock [Member]

Series D Preferred Stock [Member]

Series E Preferred Stock [Member]

Series E Preferred Stock [Member]

Series E Preferred Stock [Member]

Exchange of preferred stock-Series A through E

Exchange of preferred stock-Series A through E

Exchange of preferred stock-Series A through E

Exchange of preferred stock-Series A through E

Exchange of preferred stock-Series A through E

Exchange of preferred stock-Series A through E

Exchange of preferred stock-Series A through E

Exchange of preferred stock-Series A through E

Exchange of preferred stock-Series A through E

Exchange of preferred stock-Series A through E

Class Of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Liquidation value per share

$25

'

'

'

'

$25

'

'

$25

'

'

$25

'

'

$25

'

'

$25

'

Preferred stock, shares outstanding

1,444,146

2,521,872

'

2,521,872

'

'

450,195

'

'

475,987

'

'

460,611

'

'

510,592

'

'

624,487

Shares Of Preferred Stock Exchanged

'

'

1,077,726

'

'

252,809

'

'

179,841

'

'

210,759

'

'

225,070

'

'

209,247

'

Preferred Stock Shares Outstanding Aftter Exchange

'

'

1,444,146

'

'

197,386

'

'

296,146

'

'

249,852

'

'

285,522

'

'

415,240

'

Preferred Stock Value

$36,104

$63,047

$36,104

'

'

$4,935

'

'

$7,404

'

'

$6,246

'

'

$7,138

'

'

$10,381

'

Conversion Of Stock Shares Issued1

'

'

4,597,121

'

'

1,081,652

'

'

769,379

'

'

890,830

'

'

961,724

'

'

893,536

'

Preferred stock dividend rate percentage

'

'

'

'

7.13%

'

'

8.35%

'

'

7.40%

'

'

7.25%

'

'

7.00%

'

'

INCOME_TAXES_Additional_Inform

INCOME TAXES - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended				6 Months Ended		12 Months Ended
	Jul. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Income Tax Contingency [Line Items]	'	'	'	'	'	'	'	'	'
Percentage of national gross tax receipt	'	1.00%	'	'	'	'	'	'	'
National gross receipt expense	'	$1,400,000	'	'	$1,600,000	$2,800,000	$3,200,000	'	'
Percentage of gross receipt tax credit	'	0.50%	'	'	'	'	'	'	'
Gross income credit amount	'	700,000	800,000	'	'	1,400,000	1,600,000	'	'
Amount of additional surtax	'	25,000	'	'	'	'	'	'	750,000
Statutory rate	'	39.00%	'	'	'	'	'	'	30.00%
Valuation allowance	'	510,800,000	'	'	'	510,800,000	'	522,700,000	'
Percentage of alternative minimum tax	25.00%	30.00%	'	'	'	'	'	'	20.00%
NOL deduction limit	'	'The NOL deduction is now limited to 90% of taxable income for regular income tax purposes and 80% for AMT purposes.	'	'	'	'	'	'	'
Percentage of dividend received deduction from controlled subsidiaries	'	100.00%	'	'	'	'	'	'	'
Percentage of dividend received from other taxable domestic corporations	'	85.00%	'	'	'	'	'	'	'
Income tax expense	'	-276,000	'	-979,000	'	611,000	643,000	'	'
Deferred Tax Assets Net	'	8,700,000	'	'	'	8,700,000	'	7,600,000	'
Deferred tax asset	'	520,600,000	'	'	'	520,600,000	'	'	'
Net operating loss and carryforwards associated to the deferred tax asset	'	373,300,000	'	'	'	373,300,000	'	'	'
New unrecognized Tax Benefits (UTBs)	'	2,547,000	'	2,374,000	'	2,547,000	2,374,000	4,310,000	2,374,000
Accrued interest related to UTB	'	2,400,000	'	'	'	2,400,000	'	'	'
Carry forward period is, extended for taxable income	'	'12 years 0 months 0 days	'	'	'	'	'	'	'
Minimum percentage of bank net taxable income for paying Income tax at normal rate	'	20.00%	'	'	'	'	'	'	'
Net Operating Loss Carryforward Period	'	'10 years 0 months 0 days	'	'	'	'	'	'	'
Unrecognized Tax Benefit Remaining Period	'	'1 year 0 months 0 days	'	'	'	'	'	'	'
Threshold For Long Term Capital Treatment	'1 year 0 months 0 days	'0 years 6 months 0 days	'	'	'	'	'	'	'
Long Term Capital Gain Tax Rate	20.00%	15.00%	'	'	'	'	'	'	'
Unrecognized Tax Benefits Projected Decrease Resulting From Prior Period Tax Positions	'	2,500,000	'	'	'	'	'	'	'
Cumulative Loss Position Period	'	'3 years 0 months 0 days	'	'	'	'	'	'	'
Changes In Statutory Tax Rate Net Benefit	'	'	'	$500,000	'	'	'	'	'
NOL Carryforward Period Attributable To Capital Losses	'	'7 years 0 months 0 days	'	'	'	'	'	'5 years 0 months 0 days	'
Minimum [Member]	'	'	'	'	'	'	'	'	'
Income Tax Contingency [Line Items]	'	'	'	'	'	'	'	'	'
Percentage Of Additional Surtax	'	5.00%	'	'	'	'	'	'	'
Maximum [Member]	'	'	'	'	'	'	'	'	'
Income Tax Contingency [Line Items]	'	'	'	'	'	'	'	'	'
Percentage Of Additional Surtax	'	19.00%	'	'	'	'	'	'	'
Capital Loss CarryOver Threshold	90.00%	'	'	'	'	'	'	'	'
Puerto Rico [Member]	'	'	'	'	'	'	'	'	'
Income Tax Contingency [Line Items]	'	'	'	'	'	'	'	'	'
Statute of limitations under income tax act	'	'4 years 0 months 0 days	'	'	'	'	'	'	'
United States [Member]	'	'	'	'	'	'	'	'	'
Income Tax Contingency [Line Items]	'	'	'	'	'	'	'	'	'
Statute of limitations under income tax act	'	'3 years 0 months 0 days	'	'	'	'	'	'	'
Virgin Islands [Member]	'	'	'	'	'	'	'	'	'
Income Tax Contingency [Line Items]	'	'	'	'	'	'	'	'	'
Statute of limitations under income tax act	'	'3 years 0 months 0 days	'	'	'	'	'	'	'

INCOME_TAXES_Reconciliation_of

INCOME TAXES - Reconciliation of Unrecognized Tax Benefits (Detail) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Reconciliation Of Unrecognized Tax Benefits Excluding Amounts Pertaining To Examined Tax Returns Roll Forward	'	'
Balance at the beginning of the period	$4,310	$2,374
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions	-1,763	0
Balance at the end of the period	$2,547	$2,374

FAIR_VALUE_Assets_and_Liabilit

FAIR VALUE - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Securities available for sale	'	'
Investment securities available for sale	$1,997,408	$1,978,282
Derivatives, included in assets:	'	'
Derivatives, included in assets	115	394
Derivatives, included in liabilities:	'	'
Derivatives, included in liabilities	3,572	4,023
Forward Contracts [Member]	'	'
Derivatives, included in assets:	'	'
Derivatives, included in assets	0	174
Derivatives, included in liabilities:	'	'
Derivatives, included in liabilities	228	0
Equity Securities [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	9	33
U S Treasury Securities [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	7,497	7,499
Us Government Agencies Debt Securities Noncallable [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	207,377	200,903
Us Government Agencies Debt Securities Callable [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	1,699,358	1,677,651
US States And Political Subdivisions Member [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	44,982	51,330
Private Label Mbs [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	38,184	40,866
Interest Rate Cap [Member] | Purchase	'	'
Derivatives, included in assets:	'	'
Derivatives, included in assets	16	58
Interest Rate Cap [Member] | Written	'	'
Derivatives, included in liabilities:	'	'
Derivatives, included in liabilities	16	58
Interest Rate Swap [Member]	'	'
Derivatives, included in assets:	'	'
Derivatives, included in assets	99	162
Derivatives, included in liabilities:	'	'
Derivatives, included in liabilities	3,328	3,965
Fair Value Inputs Level 1 [Member] | Forward Contracts [Member]	'	'
Derivatives, included in assets:	'	'
Derivatives, included in assets	0	0
Derivatives, included in liabilities:	'	'
Derivatives, included in liabilities	0	0
Fair Value Inputs Level 1 [Member] | Equity Securities [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	9	33
Fair Value Inputs Level 1 [Member] | U S Treasury Securities [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	7,497	7,499
Fair Value Inputs Level 1 [Member] | Us Government Agencies Debt Securities Noncallable [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	0	0
Fair Value Inputs Level 1 [Member] | Us Government Agencies Debt Securities Callable [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	0	0
Fair Value Inputs Level 1 [Member] | US States And Political Subdivisions Member [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	0	0
Fair Value Inputs Level 1 [Member] | Private Label Mbs [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	0	0
Fair Value Inputs Level 1 [Member] | Interest Rate Cap [Member] | Purchase	'	'
Derivatives, included in assets:	'	'
Derivatives, included in assets	0	0
Fair Value Inputs Level 1 [Member] | Interest Rate Cap [Member] | Written	'	'
Derivatives, included in liabilities:	'	'
Derivatives, included in liabilities	0	0
Fair Value Inputs Level 1 [Member] | Interest Rate Swap [Member]	'	'
Derivatives, included in assets:	'	'
Derivatives, included in assets	0	0
Derivatives, included in liabilities:	'	'
Derivatives, included in liabilities	0	0
Fair Value Inputs Level 2 [Member] | Forward Contracts [Member]	'	'
Derivatives, included in assets:	'	'
Derivatives, included in assets	0	174
Derivatives, included in liabilities:	'	'
Derivatives, included in liabilities	228	0
Fair Value Inputs Level 2 [Member] | Equity Securities [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	0	0
Fair Value Inputs Level 2 [Member] | U S Treasury Securities [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	0	0
Fair Value Inputs Level 2 [Member] | Us Government Agencies Debt Securities Noncallable [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	207,377	200,903
Fair Value Inputs Level 2 [Member] | Us Government Agencies Debt Securities Callable [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	1,699,358	1,677,651
Fair Value Inputs Level 2 [Member] | US States And Political Subdivisions Member [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	42,248	48,904
Fair Value Inputs Level 2 [Member] | Private Label Mbs [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	0	0
Fair Value Inputs Level 2 [Member] | Interest Rate Cap [Member] | Purchase	'	'
Derivatives, included in assets:	'	'
Derivatives, included in assets	16	58
Fair Value Inputs Level 2 [Member] | Interest Rate Cap [Member] | Written	'	'
Derivatives, included in liabilities:	'	'
Derivatives, included in liabilities	16	58
Fair Value Inputs Level 2 [Member] | Interest Rate Swap [Member]	'	'
Derivatives, included in assets:	'	'
Derivatives, included in assets	99	162
Derivatives, included in liabilities:	'	'
Derivatives, included in liabilities	3,328	3,965
Fair Value Inputs Level 3 [Member] | Forward Contracts [Member]	'	'
Derivatives, included in assets:	'	'
Derivatives, included in assets	0	0
Derivatives, included in liabilities:	'	'
Derivatives, included in liabilities	0	0
Fair Value Inputs Level 3 [Member] | Equity Securities [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	0	0
Fair Value Inputs Level 3 [Member] | U S Treasury Securities [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	0	0
Fair Value Inputs Level 3 [Member] | Us Government Agencies Debt Securities Noncallable [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	0	0
Fair Value Inputs Level 3 [Member] | Us Government Agencies Debt Securities Callable [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	0	0
Fair Value Inputs Level 3 [Member] | US States And Political Subdivisions Member [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	2,734	2,426
Fair Value Inputs Level 3 [Member] | Private Label Mbs [Member]	'	'
Securities available for sale	'	'
Investment securities available for sale	38,184	40,866
Fair Value Inputs Level 3 [Member] | Interest Rate Cap [Member] | Purchase	'	'
Derivatives, included in assets:	'	'
Derivatives, included in assets	0	0
Fair Value Inputs Level 3 [Member] | Interest Rate Cap [Member] | Written	'	'
Derivatives, included in liabilities:	'	'
Derivatives, included in liabilities	0	0
Fair Value Inputs Level 3 [Member] | Interest Rate Swap [Member]	'	'
Derivatives, included in assets:	'	'
Derivatives, included in assets	0	0
Derivatives, included in liabilities:	'	'
Derivatives, included in liabilities	$0	$0

FAIR_VALUE_Fair_Value_of_Asset

FAIR VALUE - Fair Value of Assets and Liabilities Measured on Recurring Basis (Detail) (USD $)	3 Months Ended				6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]	'		'		'		'
Beginning balance	$47,510	[1]	$52,047	[1]	$43,292	[1]	$54,617	[1]
Total gains or (losses) (realized/unrealized):	'		'		'		'
Included in earnings	'		'		0	[1]	-117	[1]
Included in other comprehensive income	729	[1]	29	[1]	1,693	[1]	860	[1]
Sales	4,855	[1]	0	[1]	-4,855	[1]	0	[1]
Purchases	'		'		5,123	[1]	0	[1]
Principal Repayments	2,466	[1]	3,416	[1]	-4,335	[1]	-6,700	[1]
Ending balance	40,918	[1]	48,660	[1]	40,918	[1]	48,660	[1]
Available for Sale Securities	'		'		'		'
Total gains or (losses) (realized/unrealized):	'		'		'		'
Included in earnings	$0		$0		$0		$117
[1]	Amounts mostly related to private label mortgage-backed securities.

FAIR_VALUE_Assets_and_Liabilit1

FAIR VALUE - Assets and Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Detail) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Investment securities available-for-sale:	'	'
Discount rate used for calculation of mortgage servicing rights value	14.50%	14.50%
Fair value input prepayment rate	32.00%	29.00%
Securities available for sale	'	'
Discount rate used for calculation of mortgage servicing rights value	14.50%	14.50%
Fair value input prepayment rate	32.00%	29.00%
Private Label Mbs [Member]	'	'
Investment securities available-for-sale:	'	'
Fair Value	38,184	'
Discount rate used for calculation of mortgage servicing rights value	14.50%	'
Securities available for sale	'	'
Fair Value	38,184	'
Discount rate used for calculation of mortgage servicing rights value	14.50%	'
US States And Political Subdivisions Member [Member]	'	'
Investment securities available-for-sale:	'	'
Fair Value	2,734	'
Unobservable input prepayment rate	5.57%	'
Securities available for sale	'	'
Fair Value	2,734	'
Unobservable input prepayment rate	5.57%	'
Discounted Cash Flow [Member] | Private Label Mbs [Member]	'	'
Investment securities available-for-sale:	'	'
Valuation technique	'Discounted cash flow	'
Securities available for sale	'	'
Valuation technique	'Discounted cash flow	'
Discounted Cash Flow [Member] | US States And Political Subdivisions Member [Member]	'	'
Investment securities available-for-sale:	'	'
Valuation technique	'Discounted cash flow	'
Securities available for sale	'	'
Valuation technique	'Discounted cash flow	'
Minimum [Member]	'	'
Investment securities available-for-sale:	'	'
Fair value input prepayment rate	18.15%	15.86%
Securities available for sale	'	'
Fair value input prepayment rate	18.15%	15.86%
Minimum [Member] | Private Label Mbs [Member]	'	'
Investment securities available-for-sale:	'	'
Unobservable input prepayment rate	18.15%	'
Fair value projected Cumulative Loss Rate	0.90%	'
Securities available for sale	'	'
Unobservable input prepayment rate	18.15%	'
Fair value projected Cumulative Loss Rate	0.90%	'
Maximum [Member]	'	'
Investment securities available-for-sale:	'	'
Fair value input prepayment rate	100.00%	100.00%
Securities available for sale	'	'
Fair value input prepayment rate	100.00%	100.00%
Maximum [Member] | Private Label Mbs [Member]	'	'
Investment securities available-for-sale:	'	'
Unobservable input prepayment rate	100.00%	'
Fair value projected Cumulative Loss Rate	80.00%	'
Securities available for sale	'	'
Unobservable input prepayment rate	100.00%	'
Fair value projected Cumulative Loss Rate	80.00%	'

FAIR_VALUE_Change_in_unrealize

FAIR VALUE - Change in unrealized losses included in earnings (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014		Jun. 30, 2013
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'		'
Included in earnings	'	'	$0	[1]	($117)	[1]
Available for Sale Securities	'	'	'		'
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'		'
Included in earnings	$0	$0	$0		$117
[1]	Amounts mostly related to private label mortgage-backed securities.

FAIR_VALUE_Impairment_of_Valua

FAIR VALUE - Impairment of Valuation Adjustments were Recorded for Assets Recognized at Fair Value (Detail) (USD $)

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

In Thousands, unless otherwise specified

Fair Value Measurements Nonrecurring [Member]

Fair Value Measurements Nonrecurring [Member]

Fair Value Measurements Nonrecurring [Member]

Fair Value Measurements Nonrecurring [Member]

Fair Value Measurements Nonrecurring [Member]

Fair Value Measurements Nonrecurring [Member]

Fair Value Measurements Nonrecurring [Member]

Fair Value Measurements Nonrecurring [Member]

Fair Value Measurements Nonrecurring [Member]

Fair Value Measurements Nonrecurring [Member]

Fair Value Measurements Nonrecurring [Member]

Fair Value Measurements Nonrecurring [Member]

Fair Value Measurements Nonrecurring [Member]

Fair Value Measurements Nonrecurring [Member]

Fair Value Measurements Nonrecurring [Member]

Fair Value Measurements Nonrecurring [Member]

Fair Value Inputs Level 1 [Member]

Fair Value Inputs Level 1 [Member]

Fair Value Inputs Level 2 [Member]

Fair Value Inputs Level 2 [Member]

Fair Value Inputs Level 3 [Member]

Fair Value Inputs Level 3 [Member]

Loans Receivable [Member]

Loans Receivable [Member]

Loans Receivable [Member]

Loans Receivable [Member]

Other Real Estate Owned [Member]

Other Real Estate Owned [Member]

Other Real Estate Owned [Member]

Other Real Estate Owned [Member]

Mortgage Servicing Rights [Member]

Mortgage Servicing Rights [Member]

Mortgage Servicing Rights [Member]

Mortgage Servicing Rights [Member]

Loans Held For Sale [Member]

Loans Held For Sale [Member]

Loans Held For Sale [Member]

Loans Held For Sale [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Assets Fair Value Adjustment

'

'

'

'

'

'

($3,742)

[1]

($3,534)

[2]

($34,193)

[1]

($14,192)

[2]

($4,481)

[3]

($9,181)

[3]

($8,958)

[3]

($12,106)

[3]

$39

[4]

$277

[5]

($180)

[4]

$557

[5]

$0

[6]

($6,103)

[7]

$0

[6]

($11,325)

[7]

'

'

'

'

'

'

Loans receivable

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

[1]

0

[2]

0

[1]

0

[2]

484,381

[1]

409,056

[2]

Other Real Estate Owned

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

[3]

0

[3]

0

[3]

0

[3]

121,842

[3]

139,257

[3]

Mortgage servicing rights

22,270

22,026

21,987

19,979

18,717

17,524

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

[4]

0

[5]

0

[4]

0

[5]

22,270

[4]

19,979

[5]

Loans held for sale

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0

[6]

$0

[7]

$0

[6]

$142,632

[7]

$54,755

[6]

$94,951

[7]

[1]

Mainly impaired commercial and construction loans. The impairment was generally measured based on the fair value of the collateral. The fair value was derived from external appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g. absorption rates), which are not market observable.

[2]

B Mainly impaired commercial and construction loans. The impairment was generally measured based on the fair value of the collateral. The fair value was derived from external appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g. absorption rates), which are not market observable.

[3]

The fair value was derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g. absorption rates, net operating income of income producing properties) which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio.

[4]

Fair value adjustments to mortgage servicing rights were mainly due to assumptions associated with mortgage prepayment rates. The Corporation carries its mortgage servicing rights at the lower of cost or market, measured at fair value on a non-recurring basis. Assumptions for the value of mortgage servicing rights include: Prepayment rate 9.78%, Discount Rate 10.62%.

[5]

Fair value adjustments to the mortgage servicing rights were mainly due to assumptions associated with mortgage prepayments rates. The Corporation carries its mortgage servicing rights at the lower of cost or market, measured at fair value on a non-recurring basis. Assumptions for the value of mortgage servicing rights include: Prepayment Rate 9.40%, Discount Rate 11.06%.

[6]

The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans, and for loans with signed sale agreements, the value was determined based on the sales price on such agreements.

[7]

The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans, and, for loans with signed sale agreements, the value was determined based on the sales price on such agreements.

FAIR_VALUE_Impairment_of_Valua1

FAIR VALUE - Impairment of Valuation Adjustments were Recorded for Assets Recognized at Fair Value (Parenthetical) (Detail) (USD $)	3 Months Ended	12 Months Ended	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2013
			Mortgage Servicing Rights [Member]	Mortgage Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'	'	'
Repayment rate used for the calculation of mortgage servicing rights value	32.00%	29.00%	9.78%	9.40%
Discount rate used for calculation of mortgage servicing rights value	14.50%	14.50%	10.62%	11.06%
Loans held for sale	$72,105	$75,969	'	'

FAIR_VALUE_Qualitative_Informa

FAIR VALUE - Qualitative Information Regarding Fair Value Measurements for Level 3 Financial Instruments (Detail)	3 Months Ended
	Jun. 30, 2014
Loans [Member]	'
Fair Value Option Quantitative Disclosures [Line Items]	'
Method	'Income, Market, Comparable Sales, Discounted Cash Flows
Valuation technique	'External appraised values; probability weighting of broker price opinions; management assumptions regarding market trends or other relevant factors
Other Real Estate Owned [Member]	'
Fair Value Option Quantitative Disclosures [Line Items]	'
Method	'Income, Market, Comparable Sales, Discounted Cash Flows
Valuation technique	'External appraised values; probability weighting of broker price opinions; management assumptions regarding market trends or other relevant factors
Mortgage Servicing Rights [Member]	'
Fair Value Option Quantitative Disclosures [Line Items]	'
Method	'Discounted Cash Flow
Valuation technique	'Weighted average prepayment rate 9.78%; weighted average discount rate 10.62%

FAIR_VALUE_Fair_Value_Detail

FAIR VALUE - Fair Value (Detail) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

In Thousands, unless otherwise specified

Fair Value Inputs Level 1 [Member]

Fair Value Inputs Level 1 [Member]

Fair Value Inputs Level 2 [Member]

Fair Value Inputs Level 2 [Member]

Fair Value Inputs Level 3 [Member]

Fair Value Inputs Level 3 [Member]

Carrying Reported Amount Fair Value Disclosure [Member]

Carrying Reported Amount Fair Value Disclosure [Member]

Estimate Of Fair Value Fair Value Disclosure [Member]

Estimate Of Fair Value Fair Value Disclosure [Member]

Estimate Of Fair Value Fair Value Disclosure [Member]

Estimate Of Fair Value Fair Value Disclosure [Member]

Estimate Of Fair Value Fair Value Disclosure [Member]

Estimate Of Fair Value Fair Value Disclosure [Member]

Estimate Of Fair Value Fair Value Disclosure [Member]

Estimate Of Fair Value Fair Value Disclosure [Member]

Fair Value Inputs Level 1 [Member]

Fair Value Inputs Level 1 [Member]

Fair Value Inputs Level 2 [Member]

Fair Value Inputs Level 2 [Member]

Fair Value Inputs Level 3 [Member]

Fair Value Inputs Level 3 [Member]

Assets:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash and due from banks and money market investments

'

'

'

'

'

'

'

'

$677,662

$655,671

$677,662

$655,671

$677,662

$655,671

$0

$0

$0

$0

Investment securities available for sale

1,997,408

1,978,282

'

'

'

'

'

'

1,997,408

1,978,282

1,997,408

1,978,282

7,506

7,532

1,948,984

1,927,458

40,918

43,292

Other equity securities

'

'

'

'

'

'

'

'

29,141

28,691

29,141

28,691

0

0

29,141

28,691

0

0

Loans held for sale

'

'

0

[1]

0

[2]

0

[1]

142,632

[2]

54,755

[1]

94,951

[2]

72,105

75,969

72,807

76,684

0

0

18,052

21,883

54,755

54,801

Loans, held for investment

'

'

'

'

'

'

'

'

9,467,101

9,636,170

'

'

'

'

'

'

'

'

Less: allowance for loan and lease losses

-241,177

-285,858

'

'

'

'

'

'

-241,177

-285,858

'

'

'

'

'

'

'

'

Loans held for investment, net of allowance

'

'

0

[3]

0

[4]

0

[3]

0

[4]

484,381

[3]

409,056

[4]

9,225,924

9,350,312

8,892,011

9,127,234

0

0

0

0

8,892,011

9,127,234

Derivatives, included in assets

115

394

'

'

'

'

'

'

115

394

115

394

0

0

115

394

0

0

Liabilities:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Deposits

'

'

'

'

'

'

'

'

9,630,788

9,879,924

9,644,647

9,898,615

0

0

9,644,647

9,898,615

0

0

Securities sold under agreements to repurchase

'

'

'

'

'

'

'

'

900,000

900,000

977,620

976,151

0

0

977,620

976,151

0

0

Advances from FHLB

'

'

'

'

'

'

'

'

320,000

300,000

319,505

297,523

0

0

319,505

297,523

0

0

Other borrowings

231,959

231,959

'

'

'

'

'

'

231,959

231,959

115,954

106,772

0

0

0

0

115,954

106,772

Derivatives, included in liabilities

$3,572

$4,023

'

'

'

'

'

'

$3,572

$4,023

$3,572

$4,023

$0

$0

$3,572

$4,023

$0

$0

[1]

The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans, and for loans with signed sale agreements, the value was determined based on the sales price on such agreements.

[2]

The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans, and, for loans with signed sale agreements, the value was determined based on the sales price on such agreements.

[3]

Mainly impaired commercial and construction loans. The impairment was generally measured based on the fair value of the collateral. The fair value was derived from external appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g. absorption rates), which are not market observable.

[4]

B Mainly impaired commercial and construction loans. The impairment was generally measured based on the fair value of the collateral. The fair value was derived from external appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g. absorption rates), which are not market observable.

SUPPLEMENTAL_CASH_FLOW_INFORMA2

SUPPLEMENTAL CASH FLOW INFORMATION - Supplemental Cash Flow Information (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Cash paid for:	'	'	'	'
Interest on borrowings	'	'	$51,817	$64,075
Income tax	'	'	2,524	2,141
Non-cash investing and financing activities:	'	'	'	'
Additions to other real estate owned	'	'	13,267	42,526
Additions to auto repossesions	'	'	43,091	31,236
Loan securitizations	'	'	104,236	159,140
Capitalization of servicing assets	1,017	2,094	2,069	3,814
Loans held for investment transferred to held for sale	'	'	$0	$181,620

SEGMENT_INFORMATION_Additional

SEGMENT INFORMATION - Additional Information (Detail)	3 Months Ended
	Jun. 30, 2014
	numberofreportableunits
Number of reportable segments	6

SEGMENT_INFORMATIO_Information

SEGMENT INFORMATIO - Information about reportable segments (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Interest income	$158,423	$160,670	$318,994	$320,895
Net (charge) credit for transfer of funds	0	0	0	0
Interest expense	-28,516	-33,782	-57,767	-69,514
Net interest income (loss)	129,907	126,888	261,227	251,381
(Provision) release for loan and lease losses	-26,744	-87,464	-58,659	-198,587
Non-interest income (loss)	16,601	-52,311	34,561	-33,144
Direct non-interest expenses	-73,991	-85,200	-145,786	-162,368
Segment (loss) income	45,773	-98,087	91,343	-142,718
Average earnings assets	12,013,689	12,264,688	12,054,854	12,303,062
Mortgage Banking [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Interest income	27,444	27,469	53,192	55,689
Net (charge) credit for transfer of funds	-8,736	-9,631	-17,282	-19,902
Interest expense	0	0	0	0
Net interest income (loss)	18,708	17,838	35,910	35,787
(Provision) release for loan and lease losses	-4,089	-68,944	-7,473	-77,532
Non-interest income (loss)	2,701	238	5,803	4,588
Direct non-interest expenses	-10,340	-16,570	-20,172	-28,218
Segment (loss) income	6,980	-67,438	14,068	-65,375
Average earnings assets	2,029,859	2,093,238	1,993,129	2,096,464
Consumer Retail Banking [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Interest income	54,869	57,984	110,681	116,243
Net (charge) credit for transfer of funds	4,136	-681	7,771	-1,719
Interest expense	-5,882	-6,992	-12,678	-13,841
Net interest income (loss)	53,123	50,311	105,774	100,683
(Provision) release for loan and lease losses	-19,475	-12,142	-39,970	-22,323
Non-interest income (loss)	10,005	9,555	20,635	20,297
Direct non-interest expenses	-31,510	-30,198	-63,525	-59,866
Segment (loss) income	12,143	17,526	22,914	38,791
Average earnings assets	2,031,391	2,021,367	1,951,587	1,943,173
Commercial And Corporate [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Interest income	40,825	42,476	83,124	85,805
Net (charge) credit for transfer of funds	-3,049	-3,592	-6,048	-7,740
Interest expense	0	0	0	0
Net interest income (loss)	37,776	38,884	77,076	78,065
(Provision) release for loan and lease losses	-14,179	-6,221	-27,524	-92,332
Non-interest income (loss)	1,150	1,330	2,917	2,789
Direct non-interest expenses	-14,694	-13,993	-27,272	-31,581
Segment (loss) income	10,053	20,000	25,197	-43,059
Average earnings assets	3,683,746	3,971,083	3,869,311	4,150,227
Treasury And Investments [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Interest income	13,988	12,584	29,571	24,044
Net (charge) credit for transfer of funds	4,584	11,552	10,384	24,515
Interest expense	-16,783	-20,212	-33,544	-41,975
Net interest income (loss)	1,789	3,924	6,411	6,584
(Provision) release for loan and lease losses	0	0	0	0
Non-interest income (loss)	344	-65,565	397	-65,733
Direct non-interest expenses	-1,514	-1,549	-2,640	-3,955
Segment (loss) income	619	-63,190	4,168	-63,104
Average earnings assets	2,714,179	2,774,670	2,712,564	2,732,539
United States Operations [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Interest income	10,879	9,055	21,775	17,704
Net (charge) credit for transfer of funds	3,065	2,352	5,175	4,846
Interest expense	-4,855	-5,583	-9,652	-11,700
Net interest income (loss)	9,089	5,824	17,298	10,850
(Provision) release for loan and lease losses	10,481	3,943	16,440	2,434
Non-interest income (loss)	711	275	1,152	887
Direct non-interest expenses	-7,269	-7,532	-14,489	-14,254
Segment (loss) income	13,012	2,510	20,401	-83
Average earnings assets	883,822	746,384	865,091	713,072
Virgin Islands Operations [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Interest income	10,418	11,102	20,651	21,410
Net (charge) credit for transfer of funds	0	0	0	0
Interest expense	-996	-995	-1,893	-1,998
Net interest income (loss)	9,422	10,107	18,758	19,412
(Provision) release for loan and lease losses	518	-4,100	-132	-8,834
Non-interest income (loss)	1,690	1,856	3,657	4,028
Direct non-interest expenses	-8,664	-15,358	-17,688	-24,494
Segment (loss) income	2,966	-7,495	4,595	-9,888
Average earnings assets	$670,692	$657,946	$663,172	$667,587

SEGMENT_INFORMATION_Reconcilia

SEGMENT INFORMATION - Reconciliation of Reportable Segment Financial Information (Detail) (USD $)	3 Months Ended				6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Net Income (Loss):	'		'		'		'
Total income for segments and other	$45,773		($98,087)		$91,343		($142,718)
Other non-interest income (loss)	-670	[1]	648	[1]	-7,280	[1]	-4,890	[1]
Other operating expenses	-24,154	[2]	-26,123	[2]	-45,144	[2]	-46,965	[2]
Income (loss) before income taxes	20,949		-123,562		38,919		-194,573
Income tax expense	276		979		-611		-643
Total consolidated net income (loss)	21,225		-122,583		38,308		-195,216
Average assets:	'		'		'		'
Total average earning assets for segments	12,013,689		12,264,688		12,054,854		12,303,062
Other average earning assets	152	[1]	17,841	[1]	3,343	[1]	20,797	[1]
Average non-earning assets	640,718		654,304		656,179		681,489
Total consolidated average assets	$12,654,559		$12,936,833		$12,714,376		$13,005,348
[1]	The activities related to the Bank's equity interest in CPG/GS are presented as an Other non-interest income (loss) and as Other average earning assets in the table above.
[2]	Expenses pertaining to corporate administrative functions that support the operating segments 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.

REGULATORY_MATTERS_COMMITMENTS1

REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 02, 2010
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'	'
Leverage ratio	12.04%	8.00%
Tier 1 risk based capital ratio	'	10.00%
Total Risk Based Capital Ratio	18.06%	'
Tier 1 Common Equity Ratio	16.80%	'
Tier 1 risk based capital ratio to be considered well capitalzed under PCA	6.00%	'
Leverage Ratio	3.00%	'
Leverage Ratio Composite Rating	1.00%	'
Four Major Risk Weightings Categories	'(0%, 20%, 50% and 100%)	'
Commitments To Extend Credit [Member]	'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'	'
Commitments	1,100	'
Credit Cards [Member]	'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'	'
Commitments	685.3	'
Commercial And Financial Standby Letters Of Credit [Member]	'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'	'
Commitments	44.8	'
Minimum [Member]	'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'	'
Percentage of risk weighted assets	0.00%	'
Maximum [Member]	'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'	'
Percentage of risk weighted assets	100.00%	'
Well Capitalized [Member]	'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'	'
Total Risk Based Capital Ratio	10.00%	'
Basel III [Member]	'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'	'
Common Equity Tier 1 Capital Conservation Buffer	2.50%	'
Common Equity Tier 1 Capital Conservation Buffer First Year	0.63%	'
Trust Preferred Securities	225	'
Percentage Of Trust Preferred Securities That Qualify As Tier 1 Capital	25.00%	'
Risk Weightings	150.00%	'
Credit Conversion Factor	20.00%	'
Basel III [Member] | Minimum [Member]	'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'	'
Tier 1 risk based capital ratio to be considered well capitalzed under PCA	8.00%	'
Common Equity Tier1 Capital To Risk Weight Assets Ratio	4.50%	'
Common Equity Tier 1 Capital To Risk Weight Assets Ratio Plus Common Equity Tier 1 Capital Conservation Buffer	7.00%	'
Total Tier 1 Capital To Risk Weight Assets Ratio	6.00%	'
Total Tier 1 Capital To Risk Weight Assets Ratio Plus Common Equity Tier 1 Capital Conservation Buffer	8.50%	'
Total Tier 1 Capital And Tier 2 Capital To Risk Weight Assets Ratio	8.00%	'
Total Tier 1 Capital And Tier 2 Capital To Risk Weight Assets Ratio Plus Common Equity Tier 1 Capital Conservation Buffer	10.50%	'
Leverage Ratio	4.00%	'
Basel III [Member] | Maximum [Member]	'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'	'
Threshold For Deductions Of Certain Items From Common Equity Tier 1 Capital	10.00%	'
Threshold For Total Deductions From Common Equity Tier 1 Capital	15.00%	'
Basel III [Member] | Well Capitalized [Member]	'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'	'
Tier 1 Common equity ratio to be considered well capitalized	6.50%	'
Leverage Ratio	5.00%	'
FirstBank [Member]	'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'	'
Leverage ratio	11.79%	'
Tier 1 risk based capital ratio	16.43%	'
Total Risk Based Capital Ratio	17.70%	'

FIRST_BANCORP_Holding_Company_2

FIRST BANCORP. (Holding Company Only) Financial Information - Statements of Financial Condition (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
ASSETS	'	'	'
Cash and due from banks	$660,709	$454,302	'
Money market investments	16,953	201,369	216,374
Investment securities available for sale, at market:	'	'	'
Other investment securities	959,337	935,800	'
Loans Receivable, net	9,298,029	9,426,281	'
Other assets	177,021	179,570	'
Total assets	12,523,251	12,656,925	'
Liabilities:	'	'	'
Other borrowings	231,959	231,959	'
Accounts payable and other liabilities	134,503	129,184	'
Total liabilities	11,217,250	11,441,067	'
Stockholders Equity	1,306,001	1,215,858	1,222,328
Total liabilities and stockholders' equity	12,523,251	12,656,925	'
Investment In Banking Subsidiary [Member]	'	'	'
Investment securities available for sale, at market:	'	'	'
Equity Method Investments	1,496,636	1,403,612	'
Non Banking Subsidiary [Member]	'	'	'
Investment securities available for sale, at market:	'	'	'
Equity Method Investments	11,215	9,834	'
Statutory Trust One [Member]	'	'	'
Investment securities available for sale, at market:	'	'	'
Equity Method Investments	3,093	3,093	'
Statutory Trust Two [Member]	'	'	'
Investment securities available for sale, at market:	'	'	'
Equity Method Investments	3,866	3,866	'
Holding Company [Member]	'	'	'
ASSETS	'	'	'
Cash and due from banks	30,862	31,957	'
Money market investments	6,111	6,111	'
Investment securities available for sale, at market:	'	'	'
Equity Investments	9	33	'
Other investment securities	285	285	'
Loans Receivable, net	345	356	'
Other assets	4,186	4,101	'
Total assets	1,556,608	1,463,248	'
Liabilities:	'	'	'
Other borrowings	231,959	231,959	'
Accounts payable and other liabilities	18,648	15,431	'
Total liabilities	250,607	247,390	'
Stockholders Equity	1,306,001	1,215,858	'
Total liabilities and stockholders' equity	$1,556,608	$1,463,248	'

FIRST_BANCORP_Holding_Company_3

FIRST BANCORP. (Holding Company Only) Financial Information - Statements of Loss (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income:	'	'	'	'
Interest income on investment securities	$13,728	$12,185	$28,956	$23,228
Expense:	'	'	'	'
Impairement on equity securities	291	-42	291	-42
Loss before income taxes and equity in undistributed earnings (losses) of subsidiaries	20,949	-123,562	38,919	-194,573
Income tax expense	276	979	-611	-643
Net income (loss)	21,225	-122,583	38,308	-195,216
Other comprehensive income (loss), net of tax	27,790	-59,964	50,329	-68,574
Comprehensive (loss) income	49,015	-182,547	88,637	-263,790
Holding Company [Member]	'	'	'	'
Income:	'	'	'	'
Interest Income Other	5	6	10	11
Other income	55	72	108	124
Total interest income	60	78	118	135
Expense:	'	'	'	'
Notes payable and other borrowings	1,786	1,763	3,546	3,509
Other operating expenses	768	806	1,274	2,609
Total operating expenses	2,554	2,569	4,820	6,118
Impairement on equity securities	0	-42	0	-42
Loss before income taxes and equity in undistributed earnings (losses) of subsidiaries	-2,494	-2,533	-4,702	-6,025
Income tax expense	-2	0	-4	0
Equity in undistributed earnings (losses) of subsidiaries	23,721	-120,050	43,014	-189,191
Net income (loss)	21,225	-122,583	38,308	-195,216
Other comprehensive income (loss), net of tax	27,790	-59,964	50,329	-68,574
Comprehensive (loss) income	$49,015	($182,547)	$88,637	($263,790)