First BanCorp. (FBP) 10-Q 10 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	fbp
Entity Registrant Name	FIRST BANCORP /PR/
Entity Central Index Key	1,057,706
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		214,721,826

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - Entity [Domain] - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks		$ 462,934	$ 779,147
Money market investments:
Time deposits with other financial institutions		3,000	300
Other short-term investments		216,469	16,661
Total money market investments		219,469	16,961
Investment securities available for sale, at fair value:
Securities pledged that can be repledged		798,148	1,025,966
Other investment securities		1,167,535	939,700
Total investment securities available for sale		1,965,683	1,965,666
Other equity securities		26,152	25,752
Investment in unconsolidated entities		0	0
Loans, net of allowance for loan and lease losses of $301,047 (2012 - $435,414)		8,996,157	9,040,041
Loans held for sale, at lower of cost or market		80,026	76,956
Total loans, net		9,076,183	9,116,997
Premises and equipment, net		164,643	166,926
Other real estate owned		122,129	124,003
Accrued interest receivable on loans and investments		50,191	50,796
Other assets		491,429	481,587
Total assets		12,578,813	12,727,835
LIABILITIES
Non-interest-bearing deposits		1,271,464	900,616
Interest-bearing deposits		8,233,112	8,583,329
Total deposits		9,504,576	9,483,945
Securities sold under agreements to repurchase	[1],[2]	700,000	900,000
Advances from the Federal Home Loan Bank (FHLB)		325,000	325,000
Other borrowings		226,492	231,959
Accounts payable and other liabilities		154,525	115,188
Total liabilities		10,910,593	11,056,092
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	36,104
Common stock, $0.10 par value, authorized, 2,000,000,000 shares; issued, 207,514,167 shares (2012 - 206,730,318 shares issued)		21,555	21,372
Less: Treasury stock (at par value)		(86)	(74)
Common stock outstanding, 206,982,105 shares outstanding (2012 - 206,235,465 shares		21,469	21,298
Additional paid-in capital		923,829	916,067
Retained earnings		708,197	716,625
Accumulated other comprehensive (loss) income, net of tax expense of $8,171 (2012 - $7,749)		(21,379)	(18,351)
Total stockholders' equity		1,668,220	1,671,743
Total liabilities and stockholders' equity		$ 12,578,813	$ 12,727,835
[1]	As of June 30, 2015, includes $600 million with an average rate of 2.96% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2015. Subsequent to July 9, 2015, no lender has exercised its call option on repurchase agreements. In addition, $500 million is tied to variable rates.
[2]	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreement) by counterparty, when applicable, pursuant to ASC 210-20-45-11.

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Allowance for loan and lease losses	$ 221,518	$ 221,518	$ 222,395
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	1,444,146
Preferred stock, liquidation value	$ 36,104	$ 36,104	$ 36,104
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	215,552,377	215,552,377	213,724,749
Common stock, shares outstanding	214,694,470	214,694,470	212,984,700
Income tax expense	$ (9,844)	$ (1,812)
Accumulated Other Comprehensive Income (Loss) [Member]
Income tax expense	$ 7,752		$ 7,752

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (LOSS) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest income:
Loans	$ 139,880	$ 144,241	$ 279,224	$ 289,084
Investment securities	11,242	13,728	23,846	28,956
Money market investments	510	454	1,047	954
Total interest income	151,632	158,423	304,117	318,994
Interest expense:
Deposits	16,980	19,466	34,674	39,765
Securities sold under agreements to repurchase	5,388	6,430	11,781	12,798
Advances from FHLB	944	833	1,878	1,657
Notes payable and other borrowings	1,843	1,787	3,660	3,547
Total interest expense	25,155	28,516	51,993	57,767
Net interest income (loss)	126,477	129,907	252,124	261,227
Provision for loan and lease losses	74,266	26,744	107,236	58,659
Net interest income after provision for loan and lease losses	52,211	103,163	144,888	202,568
Non-interest income:
Service charges on deposit accounts	5,219	4,222	9,774	8,349
Mortgage banking activities	4,763	3,036	8,381	6,404
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)	0	291	0	291
Other-than-temporary impairment losses on investment securities:
Total other-than-temporary impairment losses	(29,521)	0	(29,521)	0
Other Than Temporary Impairment Non Credit Losses	16,424	0	16,268	0
Net impairment losses on investment securities	(13,097)	0	(13,253)	0
Equity in losses of unconsolidated entities	0	(670)	0	(7,280)
Impairement of collateral pledged to Lehman	0	0	0	0
Business Combination Bargain Purchase Gain Recognized Amount	0	0	13,443	0
Insurance income	1,522	1,467	4,544	4,038
Other non-interest income	8,263	7,585	16,510	15,479
Total non-interest income	6,670	15,931	39,399	27,281
Non-interest expenses:
Employees' compensation and benefits	37,945	34,793	73,599	67,691
Occupancy and equipment	15,059	14,482	29,408	28,800
Business promotion	3,934	4,142	6,802	8,115
Professional fees	19,005	11,955	34,223	22,448
Taxes, other than income taxes	3,131	4,504	6,132	9,079
Insurance and supervisory fees	6,796	10,784	13,656	21,774
Net loss on real estate owned (REO) and REO operations	4,874	6,778	7,502	12,615
Credit and debit processing fees	3,945	3,882	7,902	7,706
Communications	2,045	1,894	3,653	3,773
Other non-interest expenses	6,065	4,931	11,650	8,929
Total non-interest expenses	102,799	98,145	194,527	190,930
Income (loss) before income taxes	(43,918)	20,949	(10,240)	38,919
Income tax expense	9,844	276	1,812	(611)
Net income (loss)	(34,074)	21,225	(8,428)	38,308
Net income (loss) attributable to common stockholders - basic	$ (34,074)	$ 22,505	$ (8,428)	$ 39,967
Net income (loss) per common share:
Basic	$ (0.16)	$ 0.11	$ (0.04)	$ 0.19
Diluted	(0.16)	0.11	(0.04)	0.19
Dividends declared per common share	$ 0	$ 0	$ 0	$ 0

CONSOLIDATED STATEMENTS OF INC5

CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
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)	$ 0	$ (291)	$ 0	$ (291)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net income (loss)	$ (34,074)	$ 21,225	$ (8,428)	$ 38,308
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	683	274	1,372	1,187
Reclassification adjustment for other-than-temporary impairment on debt securities included in net income	13,097	0	13,253	0
All other unrealized gains and losses on available-for-sale securities:
All other unrealized holding gains arising during the period	(23,948)	27,807	(17,653)	49,433
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	0	(291)	0	(291)
Other comprehensive income (loss) for the period, net of tax	(10,168)	27,790	(3,028)	50,329
Total comprehensive income (loss)	$ (44,242)	$ 49,015	$ (11,456)	$ 88,637

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income (loss)	$ (34,074)	$ 21,225	$ (8,428)	$ 38,308
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation			10,561	10,574
Amortization and impairment of intangible assets			2,491	2,488
Provision for loan and lease losses	74,266	26,744	107,236	58,659
Deferred income tax (benefit) expense			2,683	(1,352)
Stock-based compensation			3,043	1,960
Gain on sales of investments, net			0	(291)
Other-than-temporary impairments on debt securities	13,097	0	13,253	0
Equity in losses of unconsolidated entities	0	670	0	7,280
Impairement of collateral pledged to Lehman	0	0	0	0
Derivative instruments and financial liabilities measured at fair value, gain			(182)	(173)
Loss (gain) on sale of premises and equipment and other assets			(178)	(32)
Net gain on sale of loans held for investment			(3,157)	(3,868)
Net amortization of premiums, discounts and deferred loan fees and costs			(2,217)	(1,564)
Originations and purchases of loans held for sale			(213,586)	(141,099)
Sales and repayments of loans held for sale			210,394	157,964
Amortization of broker placement fees	1,169	1,716	2,504	3,501
Net amortization of premium and discounts on investment securities			3,803	869
(Decrease) increase in accrued income tax payable			(5,937)	5,013
(Increase) decrease in accrued interest receivable			313	1,920
Decrease in accrued interest payable			1,737	2,449
Decrease (increase) in other assets			5,310	12,480
Increase (decrease) in other liabilities			16,523	(4,940)
Business Combination Bargain Purchase Gain Recognized Amount	0	0	(13,443)	0
Net cash provided by operating activities			132,723	150,146
Cash flows from investing activities:
Principal collected on loans			1,563,662	1,619,024
Loans originated and purchased			(1,442,407)	(1,582,527)
Proceeds from sale of loans held for investment			107,702	16,558
Proceeds from sale of repossessed assets			33,720	35,344
Proceeds from sale of available-for-sale securities			0	4,855
Purchases of securities available for sale			(158,932)	(88,493)
Proceeds from principal repayments and maturities of securities available for sale			141,226	114,277
Additions to premises and equipment			(6,161)	(13,689)
Proceeds from sale of premises and equipment and other assets			2,511	37
Cash Acquired From Acquisition			217,659	0
(Increase) decrease in other equity securities			(400)	(450)
Net cash provided by investing activities			458,580	104,936
Cash flows from financing activities:
Net decrease in deposits			(504,270)	(252,637)
Net FHLB advances paid			0	20,000
Payments Of Stock Issuance Costs			0	(62)
Repurchase of outstanding common stock			(738)	(392)
Increase Decrease In Federal Funds Purchased And Securities Sold UnderAgreements To Repurchase Net			(200,000)	0
Net cash provided (used in) financing activities			(705,008)	(233,091)
Net increase in cash and cash equivalents			(113,705)	21,991
Cash and cash equivalents at beginning of period			796,108	655,671
Cash and cash equivalents at end of period	682,403	677,662	682,403	677,662
Cash and cash equivalents include:
Cash and due from banks	462,934	660,709
Money market instruments	219,469	16,953
Cash and Cash Equivalents, at Carrying Value, Total	$ 682,403	$ 677,662	$ 796,108	$ 655,671

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total		Preferred Stock [Member]	Common Stock [Member]	Additional Paid In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]
Total stockholders' equity			$ 63,047	$ 20,707	$ 888,161	$ 322,679	$ (78,736)
Total stockholders' equity	$ 1,306,001		63,047	20,707	888,161	322,679	(78,736)
Balance at beginning of period at Dec. 31, 2013			63,047	20,707	888,161	322,679	(78,736)
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]				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
Common Stock Issued In Exchange For Trust Preferred Securities				0	0
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)
Total stockholders' equity	1,306,001		36,104	21,276	914,382	362,646	(28,407)
Total stockholders' equity	1,671,743		36,104	21,298	916,067	716,625	(18,351)
Total stockholders' equity	1,668,220		36,104	21,298	916,067	716,625	(18,351)
Balance at beginning of period at Dec. 31, 2014	1,671,743		36,104	21,298	916,067	716,625	(18,351)
Common stock issued for compensation				17	(17)
Repurchase of common stock				(12)	(726)
Restricted stock grants				83	(83)
Restricted stock forefeited				(2)	2
Stock-based compensation					3,043
Net income (loss)	(8,428)					(8,428)
Excess of carrying amount of preferred stock exchanged over fair value of new common stock	0	[1]				0
Other comprehensive income (loss), net of tax	(3,028)						(3,028)
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
Common Stock Issued In Exchange For Trust Preferred Securities				85	5,543
Issuance Cost Of Common Stock					0
Balance at end of period at Jun. 30, 2015	1,668,220		36,104	21,469	923,829	708,197	(21,379)
Total stockholders' equity	$ 1,668,220		$ 36,104	$ 21,469	$ 923,829	$ 708,197	$ (21,379)
[1]	Excess of carrying amount of the Series A through E preferred stock exchanged over the fair value of new common shares issued in the second quarter and first half of 2014.

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2015
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, 2014. 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, 2014, which are included in the Corporation's 2014 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, 2015 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 January 2014, the FASB updated the Accounting Standards Codification (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 those fiscal years. Early adoption is permitted. The guidance can be implemented using either a modified retrospective transition method or a prospective transition method. The Corporation adopted the provisions of this guidance on a prospective basis during the first quarter of 2015 without any material impact on the Corporation's financial statements. Refer to Notes 7 and 10 for required disclosures. 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 new framework is effective for public business entities for annual periods beginning after December 15, 2017, including interim periods within those reporting periods, as a result of the FASB's recent amendment to the standard to defer the effective date by one year. Early adoption is permitted for interim periods beginning after December 15, 2016 . 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 adoption of this guidance did not have a material effect on the Corporation's financial statements. 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 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 August 2014, the FASB updated the Codification to reduce the diversity found in the classification of certain foreclosed mortgage loans held by creditors that are either fully or partially guaranteed under government programs. Consistency in classification upon foreclosure is expected in order to provide more decision-useful information. The amendments in this Update require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if: ( i ) the loan has a government guarantee that is not separable from the loan before foreclosure; (ii) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under the claim, and (iii) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. The Update is effective for public business entities for annual periods, and interim periods within those annual periods beginning after December 15, 2014. The guidance can be implemented using either a prospective transition method or a modified retrospective transition method. The Corporation adopted the provisions of this guidance on a prospective basis during the first quarter of 2015 without any material impact on the Corporation's financial statements. In August 2014, the FASB updated the Codification to provide guidance in GAAP about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. Management's evaluation should be based on relevant conditions and events that are known and reasonably knowable at the date that the financial statements are issued. If conditions or events raise substantial doubt about an entity's ability to continue as a going concern, but the substantial doubt is alleviated as a result of consideration of management's plans, the entity should disclose information that enables users of the financial statements to understand such determination. The Update is effective for all business entities for annual periods ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Corporation expects the adoption of this guidance will have no impact on the Corporation's financial position, results of operations, comprehensive income, cash flows and disclosures. In November 2014, the FASB updated the Codification to clarify how current GAAP should be interpreted in evaluating the economic characteristics and risk of a host contract in a hybrid financial instrument that is issued in the form of a share. In addition, the Update was issued to clarify that, in evaluating the nature of a host contract, an entity should assess the substance of the relevant terms and features (that is, the relative strength of the debt-like or equity-like terms and features given the facts and circumstances) when considering how to weight those terms and features. The effects of initially adopting this Update should be applied on a modified retrospective basis to existing hybrid financial instruments issued in the form of a share as of the beginning of the fiscal year for which the amendments are effective. Retrospective application is permitted to all relevant prior periods. This Update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption in an interim period is permitted. The Corporation is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements, if any. In January 2015, the FASB updated the Codification to eliminate from GAAP the concept of extraordinary items as part of its initiative to reduce complexity in accounting standards (the Simplification Initiative). Under current GAAP, an event or transaction is presumed to be an ordinary and usual activity of the reporting entity unless evidence clearly supports its classification as an extraordinary item. In order to be classified as an extraordinary item, the event or transaction must be: ( i ) unusual in nature, and (ii) infrequent in occurrence. Before the update was issued, an entity was required to segregate these items from the results of ordinary operations and show the items separately in the income statement, net of tax, after income from continuing operations. This Update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption in an interim period is permitted. The Corporation expects the adoption of this guidance will have no impact on the Corporation's consolidated financial statements. In February 2015, the FASB updated the Codification to eliminate the deferral of FAS 167, which has allowed rep orting entities with interests in certain investment funds to follow the previous consolidation guidance in FIN 46(R), and to make other changes to both the variable interest model and the voting model. While the Update is aimed at asset managers, it will affect all reporting entities involved with limited partnerships or similar entities. In some cases, consolidation conclusions will change. In other cases, reporting entities will need to provide additional disclosure about entities that currently are not considered VIEs but will be considered VIEs under the new guidance whe n they have a variable interest in those VIEs. Regardless of whether conclusions change or additional disclosure requirements are triggered, reporting entities will need to re-evaluate limited partnerships or similar entities for consolidation and revise their documentation. For public business entities, the Update is effective for annual and interim periods beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. A reporting entity must apply the amendments retrospectively. The Corporation is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements, if any. In April 2015, the FASB updated the Codification to clarify that customers should determine whether a cloud computing arrangement includes the license of software by applying the same guidance cloud service providers use to make this determination. Examples of cloud computing arrangements include software as a service, platform as a service, infrastructure as a service and other hosting arrangements. If a hosting arrangement includes a software license for internal use software, the software license should be accounted for by the customer under ASC 350-40. A license of software other than internal use software would be accounted for by the customer under other U.S. GAAP (e.g., a research and development cost and software to be sold, leased or otherwise marketed). If a hosting arrangement includes a software licenses, then that would be in addition to any service contract in the arrangement. Hosting arrangements that do not include software licenses should be accounted for as service contracts. The Update also eliminates the existing requirement for customers to account for software licenses they acquire by analogizing to the guidance on leases. Instead, customers will account for software licenses that are in the scope of ASC 350-40 in the same manner as licenses of other intangible assets. Entities have the option of applying the guidance (1) prospectively to all arrangements entered into or materially modified after the effective date or (2) retrospectively. Entities that elect prospective application are required to disclose the reason for the change in accounting principle, the transition method, and a description of the financial statement line items affected by the change. Entities that elect retrospective application must disclose the information required by ASC 250. For public business entities, the guidance is effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. The Corporation is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements, if any. In May 2015, the FASB updated the C odification to provide guid ance in disclosures for investments in certain entities that calculate net asset value (NA V ) per share (or its equivalent). This U pdate removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient and modifies certain disclosure requirements. Th is guidance is effective for interim and annual reporting periods in fiscal years beginning after December 31, 2015, and requires retrospective adoption. Early adoption is permitted. The adoption of this pronouncement is not expected to have an impact on the Corporation's consolidated financial statements.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
	Jun. 30, 2015
EARNINGS PER COMMON SHARE	NOTE 3 – EARNINGS PER COMMON SHARE The calculations of earnings (losses) per common share for the quarters and six-month periods ended June 30, 2015 and 2014 are as follows: Quarter Ended Six-Month Period Ended June 30, June 30, 2015 2014 2015 2014 (In thousands, except per share information) Net (loss) income $ (34,074) $ 21,225 $ (8,428) $ 38,308 Favorable impact from issuing common stock in exchange for Series A through E preferred stock (1) - 1,280 0 1,659 Net (loss) income attributable to common stockholders $ (34,074) $ 22,505 $ (8,428) $ 39,967 Weighted-Average Shares: Average common shares outstanding 211,247 208,202 210,968 206,974 Average potential dilutive common shares - 1,942 - 1,543 Average common shares outstanding- assuming dilution 211,247 210,144 210,968 208,517 (Loss) earnings per common share: Basic $ (0.16) $ 0.11 $ (0.04) $ 0.19 Diluted $ (0.16) $ 0.11 $ (0.04) $ 0.19 (1) Excess of carrying amount of the Series A through E preferred stock exchanged over the fair value of new common shares issued in the second quarter and first half of 2014. 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 o f the end of the period. For the quarter and six -month period ended June 30, 2014, net income attributable to common stockholders includes the one-time effect on retained earnings of the issuance of common stock in exchange for Series A through E preferred stock. These transactions are discussed in Note 1 9 to the unaudited consolidated financial statements. Basic weighted average common shares outstanding exclude s 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 69,848 and 82,575 for the quarters and six - month periods ended June 30, 201 5 and 201 4 , respectively. W arrants outstanding to purchase 1,285,899 shares of common stock and 2,939,794 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, 201 5 because the Corporation reported a net loss attributable to common stockholders for the period s and their inclusion would have an antidilutive effect.

BUSINESS COMBINATION

BUSINESS COMBINATION	3 Months Ended
	Jun. 30, 2015
Business Combination Description [Abstract]
Business Combination Disclosure [Text Block]	NOTE 2 – B USINESS COMBINATION On February 27, 201 5 , FirstBank acquired 10 Puerto Rico branches of Doral Bank, assumed $ 522. 7 million in deposits related to such branches, acquired approximately $ 324.8 million in principal balance of loans, primarily residen tial mortgage loans, acquired $ 5 .5 million of property, plant and equipment and received $ 217. 7 million of cash, through an alliance with Banco Popular of Puerto Rico (“Popular”) , who was the successful lead bidder with th e FDIC on the failed Doral Bank , as well as other co-bidder s (the “Doral Bank Transaction”). This transaction solidified FirstBank as the second largest bank in Puerto Rico, enhanced FirstBank's presence in geographical areas in Puerto Rico with growth potential for deposits and mortgage originations, two of the main business strategies of FirstBank , and provides a stable source of low-cost deposits that are expected to support and enhance future growth activities. Under the FDIC's bidding format, Popular was the lead bidder and party to the purchase and assumption agreement wit h the FDIC covering all assets a nd deposits to be acq uired by Popular and its allianc e co-bidders. Popular entered into back to back purchase assumption agreements with the alliance co-bidders, including FirstBank, for the transferred assets and deposits. There is no loss-share arrangement with the FDIC related to the acquired assets. The Corporation accounted for this transaction as a business combination. The following table identifies the fair value of assets acquired and liabilities assumed from Doral Bank on February 27, 2015: Asset/Liabilities (at Fair Value) (In thousands) ASSETS Cash $ 217,659 Loans 311,410 Premises and equipment, net 5,450 Core Deposit Intangible 5,820 Other assets Total assets acquired 540,339 LIABILITIES Deposits 523,517 Other liabilities 3,379 Net assets - Bargain purchase gain $ 13,443 The application of the acquisition -method of accounting resulted in a bargain purchase gain of $13.4 million, which is included in non-interest income in the Corporation's c onsolidated s tatement of (loss) i ncome for the six-month period ended June 3 0 , 2015 , and a core deposit intangible of $5.8 million. The net after-tax gain of $ 8.2 million represents the excess of the estimated fair value of the assets acquired (including cash payments received from the FDIC) over the estimated fair value of the liabilities assumed and is influenced significantly by the FDIC-assisted transaction process. The following is a description of the methods used to determine the fair values of significant assets and liabilities presented above: Cash and due from banks – The carrying amount of these assets is a reasonable estimate of fair value based on the short-term nature of these assets. This balance primarily represents the cash settlement received from Popular for the net equity received, assets discount bid and other customary closing adjustments. Loans – Fair values for loans were based on a discounted cash flow methodology that uses market-driven assumptions such as prepayment rate, default rate, and loss severity on a loan level basis. The forecasted cash flows are then discounted by yields observed in sales of similar portfolios in Puerto Rico and the continental U.S. The Corporation evaluated the residential mortgage loans acquired and determined that $ 227.9 million are non-credit impaired purchased loans , which have been accounted for in accordance with the provisions of FASB ASC Topic 310-20, Nonrefundable Fees and Other Costs , and were recorded with a premium of $ 1.3 million. The remaining approximately $ 93.3 million of residential mortgage loans were considered purchased credit impaired loans within the provisions of FASB ASC Topic 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality , and were recorded with a $ 13.4 million discount. These purchased credit impaired loans will recognize interest income through accretion of the difference between the fair value of the loans and the expected cash flows. Core deposit intangible – This intangible asset represents the value of the relationships that Doral Bank had with its deposit customers. The fair value of this intangible asset was estimated based on a discounted cash flow methodology that gave appropriate consideration to expected customer attrition rates, cost of the deposit base, and the net maintenance cost attributable to customer deposits. The Corporation recorded at acquisition $5.8 million of core deposit intangible. Deposits – The fair values used for the demand and savings deposits that comprise the transaction accounts acquired, by definition, equal the amount s payable on demand at the acquisition date. The fair value adjustment of $ 0.8 million was applied for time deposits because the estimated weighted average interest rate of the assumed certificates of deposits was estimated to be above the current market rates . ASC Topic 805 requires the measurement of all recognized assets acquired and liabilities assumed in a business combination at their acquisition-date fair values. Accordi ngly, the Corporation initially recor d ed amounts for the fa ir values of the assets acquired and liabilities assumed based on the best information available at the acquisition date. The Corporation may retrospectively adjust these amounts to reflect new information obtained during the measurement period (not to exceed 12 months) about facts and circumstances that existed as of the acquisition date that, if known, would have affected the acquisition-date fair value measurements. Any retrospective adjustments to acquisition date fair values will affect the bargain purchase gain recognized. During the first half of 2015, the Corporation incurred $ 11.2 million of expenses related to loan and deposit accounts acquired from Doral , of which $ 4. 6 million represents acquisition and conversion costs that are considered non-recurr ing in nature and $ 3.6 million represents interim servicing costs until the completion in May 2015 of the conversion to the First B ank systems. These expenses are primarily included as part of professional fees in the consolidated statement of income (loss). The Corporation's operating results for the six-month period ended June 3 0 , 2015 include the operating results of the acquired assets and assumed liabilities subsequent to the acquisition date. The Corporation also considered the pro forma requirements of ASC 805 and deemed it not necessary to provide pro forma financial information pursuant to that standard for the Doral Bank transaction as it was not material to the Corporation.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Jun. 30, 2015
STOCK-BASED COMPENSATION	NOTE 4 – STOCK-BASED COMPENSATION As of January 21, 2007, the Corporation's 1997 stock option plan expired and no additional awards could be granted under that plan. A ll outstanding awards granted under this plan have continued in full force and effect since then, subject to their original terms. The activity of stock options granted under the 1997 stock option plan for the six-month period ended June 30, 2015 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 82,575 $ 187.75 Options expired (11,395) 358.80 Options cancelled (1,332) 164.10 End of period outstanding and exercisable 69,848 $ 160.30 1.1 $ - On April 29, 2008, the Corporation's stockholders approved the First BanCorp. 2008 Omnibus Incentive Plan (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 first half of 201 5 , 30,068 shares of restricted stock were awarded to one of the Corporation's independent directors subject to vesting periods that range from 1 to 5 years. In addition, during the first half of 201 5 , the Corporation issued 793,964 shares of restricted stock that will vest based on the employees' continued service with the Corporation. For 40,000 of the 793,964 shares awarded to employees, the requisite service period was three months and already vested in 2015. Fo r the remaining 753,964 shares granted to employees, f ifty 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 753,964 shares of restricted stock are 615,464 shares granted to certain senior officers consistent with the requirements of the Troubled Asset Relief Progr am (“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 provided that : (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 “ U. S. Treasury ”). Hence, notwithstanding the vesting period mentioned above, the employees covered by TARP restrictions are restricted from transferring the shares. The U.S. Treasury confirmed that, effective March 2014, it has recovered more than a 25% of its investment in First BanCorp. Therefore, the restriction on transfer relating to 25 % of the shares granted under TARP requirements was released. The fair value of the shares of restricted stock granted in 2015 was based on the market price of the Corporation's outstanding common stock on the date of the grant. For t he 615,464 shares of restricted stock granted under the TARP requirements, the market price was discounted to account for TARP transferability restrictions. For purposes of determining the awards ' fair value , the Corporation estimated an appreciation of 1 4 % 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 the common stock of the Corporation that it currently owns for a period not to exceed one year, resulting in a fair value of $ 3.18 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 2015 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 June 30, 2015 Number of shares Weighted-Average of restricted Grant Date stock Fair Value Non-vested shares at beginning of year 2,327,156 $ 3.39 Granted 824,032 3.93 Forfeited (17,500) 5.48 Vested (193,894) 5.07 Non-vested shares at June 30, 2015 2,939,794 $ 3.42 For the quarter and six -month period ended June 30, 201 5 , the Corporation recognized $ 1.0 million and $ 2.0 million, respectively, of stock-based compensation expense related to restricted stock awards, compared to $ 0.8 million and $ 1.2 million for the same periods in 201 4 . As of June 30, 201 5 , there was $ 5.1 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 2.2 years. During the second quarter of 201 4 , the Corporation awarded to its independent directors 2 10 , 840 shares of restricted stock that vest ratably over a 5-year period . In addition, d uring the first half of 201 4 , 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 % vest 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 TARP. The employees covered by TARP are restricted from transferring the shares, subject to certain conditions as explained above. The fair value of the shares of restricted stock granted in the first six months of 201 4 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 1 6 % in the value of the common stock using the Capital Asset Pricing Model as a basis of what would be a market part i cipant's expected return on the Corporation's stock and assumed that the U.S . Treasury would hold the common stock of the Corporation that it owned as of the date of the grants for an additional two years, resulting in a fair value of $ 2.63 for restricted shares granted under the TARP requirements. 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, then 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 $ 36 thousand and $ 5 thousand of compensation expense was reversed during the first half of 201 5 and 2014, respectively, related to forfeited awards. 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 half of 201 5 , the Corporation issued 168,265 shares of common stock with a weighted average market value of $ 6.20 as salary stock compensation. This resulted in a compensation expense of $ 1.0 million recorded in the first half of 201 5 . For the first half of 201 5 , the Corporation withheld 56,486 shares from the common stock paid to certain senior officers as additional compensation and 61,372 shares of restricted stock that vested during the first quarter of 201 5 , 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.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Jun. 30, 2015
INVESTMENT SECURITIES	NOTE 5 – 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, and weighted average yield of investment securities available for sale by contractual maturities as of June 30, 2015 and December 31, 201 4 were as follows: June 30, 2015 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: After 1 to 5 years 7,542 - - 4 7,538 0.57 Obligations of U.S. government-sponsored agencies: After 1 to 5 years 296,226 - 333 2,152 294,407 1.31 After 5 to 10 years 119,563 - 108 1,647 118,024 1.93 Puerto Rico government obligations: After 1 to 5 years 28,488 11,245 - - 17,243 4.49 After 5 to 10 years 865 - - - 865 5.20 After 10 years 23,343 5,420 24 1,478 16,469 5.36 United States and Puerto Rico government obligations 476,027 16,665 465 5,281 454,546 1.85 Mortgage-backed securities: FHLMC certificates: After 1 to 5 years 397 - 40 - 437 4.95 After 10 years 311,364 - 1,781 2,019 311,126 2.15 311,761 - 1,821 2,019 311,563 2.16 GNMA certificates: Due within one year 14 - - - 14 3.36 After 1 to 5 years 138 - 8 - 146 4.23 After 5 to 10 years 72,606 - 3,074 - 75,680 3.56 After 10 years 248,554 - 16,106 26 264,634 3.90 321,312 - 19,188 26 340,474 3.82 FNMA certificates: After 1 to 5 years 3,285 - 110 - 3,395 3.37 After 5 to 10 years 21,804 - 480 270 22,014 2.74 After 10 years 805,202 - 6,929 8,050 804,081 2.33 830,291 - 7,519 8,320 829,490 2.35 Other mortgage pass-through trust certificates: Over 5 to 10 years 104 - - - 104 7.26 After 10 years 39,778 10,372 - - 29,406 2.18 39,882 10,372 - - 29,510 2.18 Total mortgage-backed securities 1,503,246 10,372 28,528 10,365 1,511,037 2.62 Other After 1 to 5 years 100 - - - 100 1.50 Total investment securities available for sale $ 1,979,373 $ 27,037 $ 28,993 $ 15,646 $ 1,965,683 2.43 December 31, 2014 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 0.11 Obligations of U.S. government-sponsored agencies: After 1 to 5 years 260,889 - 42 4,219 256,712 1.22 After 5 to 10 years 78,234 - 246 2,077 76,403 1.72 Puerto Rico government obligations: After 1 to 5 years 39,827 - - 12,419 27,408 4.49 After 5 to 10 years 886 - 1 - 887 5.20 After 10 years 20,498 - - 5,571 14,927 5.83 United States and Puerto Rico government obligations 407,832 - 290 24,286 383,836 1.86 Mortgage-backed securities: FHLMC certificates: After 10 years 315,311 - 1,743 1,260 315,794 2.17 GNMA certificates: After 1 to 5 years 39 - 1 - 40 3.26 After 5 to 10 years 17,108 - 501 - 17,609 3.65 After 10 years 338,842 - 20,957 - 359,799 3.83 355,989 - 21,459 - 377,448 3.83 FNMA certificates: After 1 to 5 years 4,160 - 181 - 4,341 3.40 After 5 to 10 years 9,584 - 521 5 10,100 3.49 After 10 years 837,597 - 7,756 4,854 840,499 2.36 851,341 - 8,458 4,859 854,940 2.37 Collateralized mortgage obligations issued or guaranteed by the FHLMC: Other mortgage pass-through trust certificates: Over 5 to 10 years 111 - 1 - 112 7.27 After 10 years 45,677 12,141 - - 33,536 2.17 45,788 12,141 1 - 33,648 2.17 Total mortgage-backed securities 1,568,429 12,141 31,661 6,119 1,581,830 2.66 Equity securities (without Total investment securities available for sale $ 1,976,261 $ 12,141 $ 31,951 $ 30,405 $ 1,965,666 2.49 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, 2015 and December 31, 201 4 . 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, 2015 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 $ - $ - $ 29,434 $ 18,143 $ 29,434 $ 18,143 U.S. Treasury and U.S. government agencies obligations 56,971 191 210,580 3,612 267,551 3,803 Mortgage-backed securities: FNMA 429,411 6,503 95,932 1,817 525,343 8,320 FHLMC 153,197 1,700 20,561 319 173,758 2,019 GNMA 1,052 26 - - 1,052 26 Collateralized mortgage obligations Other mortgage pass-through trust certificates - - 29,406 10,372 29,406 10,372 $ 640,631 $ 8,420 $ 385,913 $ 34,263 $ 1,026,544 $ 42,683 As of December 31, 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 $ - $ - $ 42,335 $ 17,990 $ 42,335 $ 17,990 U.S. government agencies obligations 46,436 74 257,996 6,222 304,432 6,296 Mortgage-backed securities: FNMA 2,038 5 541,642 4,854 543,680 4,859 FHLMC - - 135,277 1,260 135,277 1,260 Collateralized mortgage obligations Other mortgage pass-through trust certificates - - 33,536 12,141 33,536 12,141 $ 48,474 $ 79 $ 1,010,786 $ 42,467 $ 1,059,260 $ 42,546 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 97 % of the total available-for-sale portfolio as of June 30, 2015 and no credit losses are expected, given the explicit and implicit guarantees provided b y the U.S. federal government. The Corporation's assessment for OTTI was concentrated mainly on Puerto Rico G overnment debt securities , with an amortized cost of $ 52.7 million , and on private label mortgage-backed securities (“MBS”) with an amortized cost of $ 39.8 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; 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 ; Changes in the near term prospects of the underlying collateral of a security , if any, such as changes in default rates, loss severity given default , and significant changes in prepayment assumptions; and The level of cash flows generated from the underlying collateral , if any, supporting the principal and interest payments of the debt securities. T he Corporation recorded OTTI losses on available-for-sale debt securities as follows: Quarter ended Six-Month Period Ended June 30, June 30, 2015 2014 2015 2014 (In thousands) Total other-than-temporary impairment losses $ (29,521) $ - $ (29,521) $ - Noncredit-related impairment portion recognized in OCI 16,665 16,665 Portion of other-than-temporary impairment losses previously recognized in OCI (241) - (397) - Net impairment losses recognized in earnings (1) $ (13,097) $ - $ (13,253) $ 0 (1) Approximately $12.9 million of the credit impairment recognized in earnings consisted of credit losses on Puerto Rico Government debt securities and $0.2 million was associated with credit losses on private label MBS. The following tables summarize the roll-forward of credit losses on debt securities held by the Corporation for which a portion of an OTTI is recognized in OCI: Cumulative OTTI credit losses recognized in earnings on securities still held Credit impairments Credit impairments recognized in earnings recognized in earnings on March 31, 2015 on securities not securities that have been June 30, 2015 Balance previously impaired previously impaired Balance (In thousands) Available for sale securities Puerto Rico government obligations $ - $ 12,856 $ - $ 12,856 Private label MBS 5,933 - 241 6,174 Total OTTI credit losses for available-for-sale debt securities $ 5,933 $ 12,856 $ 241 $ 19,030 Cumulative OTTI credit losses recognized in earnings on securities still held Credit impairments Credit impairments December 31, recognized in earnings recognized in earnings on 2014 on securities not securities that have been June 30, 2015 Balance previously impaired previously impaired Balance (In thousands) Available for sale securities Puerto Rico government obligations $ - $ 12,856 $ - $ 12,856 Private label MBS 5,777 - 397 6,174 Total OTTI credit losses for available-for-sale debt securities $ 5,777 $ 12,856 $ 397 $ 19,030 Cumulative OTTI credit losses recognized in earnings on securities still held Credit impairments Credit impairments recognized in earnings recognized in earnings on March 31, 2014 on securities not securities that have been June 30, 2014 Balance previously impaired previously impaired Balance (In thousands) Available for sale securities Private label MBS $ 5,389 $ - $ - $ 5,389 Cumulative OTTI credit losses recognized in earnings on securities still held Credit impairments Credit impairments December 31, recognized in earnings recognized in earnings on 2013 on securities not securities that have been June 30, 2014 Balance previously impaired previously impaired Balance (In thousands) Available for sale securities Private label MBS $ 5,389 $ - $ - $ 5,389 As of June 30, 2015, the Corporation owns Puerto Rico Government debt securities in the aggregate amount of $52.7 million (net of a $12.9 million OTTI), carried on its books at a fair value of $ 34.6 million. During the six-month period ended June 30, 2015, the fair value of these obligations decreased by $13.0 million. In February and March 2014, Standard & Poor's (“S&P”), Moody's Investor Service (“Moody's”) and Fitch Ratings (“Fitch”) downgraded the Commonwealth of Puerto Rico general obligations bon ds and other obligations of Puerto Rico instrumentalities to non-investment grade categories. In June and July 2015, the three major credit rating agencies downgraded Puerto Rico's general obligation debt further into non-investment grade after the governm ent's recent announcements about concerns on its ability to pay its financial obligations. 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. However, in August 2015 there was a payment default to creditors of the Public Finance Corporation, a government public corporation. As of June 30, 2015, in consideration of the latest available information about the Puerto Rico Government's financial condition, including the Government's June 2015 statements as to its intentions to restructure its outstanding bond obligations, the Corporation applied a discounted cash flow analysis to its Puerto Rico Government debt securities in order to ca lculate the cash flows expected to be collected and to determine if any portion of the decline in market value of these securities was considered a credit-related other-than-temporary impairment. The analysis derives an estimate of value based on the pres ent value of risk-adjusted cash flows of the underlying securities and included the following components: The contractual future cash flows of the bonds are projected based on the key terms as set forth in the official statements for each security. Such k ey terms include, among others, the interest rate, amortization schedule, if any, and maturity date. The risk-adjusted cash flows are calculated based on a probability of default analysis and recovery rate assumptions, including the weighting of different scenarios of ultimate recovery, considering the credit rating of each security. Constant monthly default rates are assumed throughout the life of the bonds, which are based on the respective security's credit rating as of the date of the analysis. The adju sted future cash flows are then discounted at the original effective yield of each investment based on the purchase price and expected risk-adjusted future cash flows as of the purchase date of each investment. The discounted risk-adjusted cash flow a nalysis for three of the bonds held by the Corporation as part of its available-for-sale securities portfolio resulted in a cumulative default probability in the range of 68 % to 70 % (weighted-average of 70 %), thus reflecting that it is more likely than not that these three bonds will default during their remaining terms. Based on this analysis, the Corporation determined that it is unlikely to receive all the remaining contractual interest and principal amounts when due on these bonds and recorded a $12.9 m illion other-than-temporary credit-related impairment assuming recovery rates ranging from 50 % to 82 % (weighted-average of 64 %). The Corporation does not have the intention to sell the securities and has sufficient capital and liquidity to hold these se curities until a recovery of the fair value occurs; as such, only the credit loss component was reflected in earnings. Given the significant uncertainty of a debt restructuring process, the Corporation cannot be certain that future impairment charges will not be required against these securities. In addition, d uring the first half of 201 5 , the Corporation recorded a $0.4 million credit - related impairment loss associated with private label MBS, which are collateralized by fixed-rate mortgages on single-fa mily 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 MB S were as follows: June 30, 2015 December 31, 2014 Weighted Weighted Average Range Average Range Discount rate 14.5% 14.5% 14.5% 14.5% Prepayment rate 29% 17.37%-100.00% 32% 19.89%-100.00% Projected Cumulative Loss Rate 6.9% 0.16%-80.00% 7.9% 0.64%-80.00%

OTHER EQUITY SECURITIES

OTHER EQUITY SECURITIES	3 Months Ended
	Jun. 30, 2015
OTHER EQUITY SECURITIES	NOTE 6 – 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, 2015 and December 31, 2014, the Corporation had investments in FHLB stock with a book value of $ 25.4 million and $ 2 5 . 5 million, respectively. The net realizable value is a reasonable proxy for the fair value of these instruments. Dividend income from FHLB stock for each of the quarter s ended June 30, 2015 and 2014, was $ 0.3 million and for each of the six-month period s ended June 30, 2015 and 2014 was $ 0.6 million . The shares of FHLB stock owned by the Corporation were 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 Federal 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, 2015 and December 31, 2014 was $ 0.7 million and $ 0.3 million , respectively .

LOAN PORTFOLIO

LOAN PORTFOLIO	3 Months Ended
	Jun. 30, 2015
LOAN PORTFOLIO	NOTE 7 – LOANS HELD FOR INVESTMENT The following table provides information about the loan portfolio held for investment: June 30, December 31, 2015 2014 (In thousands) Residential mortgage loans, mainly secured by first mortgages $ 3,327,350 $ 3,011,187 Commercial loans: Construction loans 120,848 123,480 Commercial mortgage loans 1,518,151 1,665,787 Commercial and Industrial loans (1) 2,352,111 2,479,437 Loans to a local financial institution collateralized by Total commercial loans 3,991,110 4,268,704 Finance leases 228,280 232,126 Consumer loans 1,670,935 1,750,419 Loans held for investment 9,217,675 9,262,436 Allowance for loan and lease losses (221,518) (222,395) Loans held for investment, net $ 8,996,157 $ 9,040,041 (1) As of June 30, 2015 and December 31, 2014, includes $1.0 billion and $1.1 billion, respectively, of commercial loans that are secured by real estate but are not dependent upon the real estate for repayment. Loans held for investment on which accrual of interest income had been discontinued as of the indicated dates were as follows: (In thousands) June 30, December 31, 2015 2014 Non-performing loans: Residential mortgage $ 175,035 $ 180,707 Commercial mortgage 95,088 148,473 Commercial and Industrial 143,935 122,547 Construction: Land 12,877 15,030 Construction-residential 3,241 14,324 Consumer: Auto loans 17,689 22,276 Finance leases 3,257 5,245 Other consumer loans 12,451 15,294 Total non-performing loans held for investment (1) (2) (3) $ 463,573 $ 523,896 (1) As of June 30, 2015 and December 31, 2014, excludes $48.0 million and $54.6 million, respectively, of non-performing loans held for sale. (2) Amount excludes purchased-credit impaired ("PCI") loans with a carrying value of approximately $178.5 million and $102.6 million as of June 30, 2015 and December 31, 2014, respectively, primarily mortgage loans acquired from Doral Bank in the first quarter of 2015 and second quarter of 2014, as further discussed below. These loans are not considered non-performing due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using an estimated cash flow analysis. (3) Non-performing loans exclude $400.8 million and $494.6 million of Trouble Debt Restructuring ("TDR") loans that are in compliance with modified terms and in accrual status as of June 30, 2015 and December 31, 2014, respectively. Loans i n Process o f Foreclosure As of June 3 0 , 2015, the recorded investment of residential mortgage loans collateralized by residential real estate property that are in the process of foreclosure amounted to $ 15 7 . 0 million . The Corporation commences the foreclosure process on residential real estate loans when a borrower becomes 120 days delinquent in accordance with the guidelines of the Consumer Financ ial Protection Bureau (CFPB). Foreclosure procedures and timelines vary depending on whether the property is located in a judicial or non-judicial state. Judicial states (P uerto R ico ) require the foreclosure to be processed through the state's court while foreclosure in non-judicial states is processed without court intervention. Foreclosure timelines vary according to state law and Investor Guidelines. Occasionally foreclosures may be delayed due to mandatory mediations, b ankruptcy, court delays and title issues , among other reasons . 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, 2015 (In thousands) Current Residential mortgage: FHA/VA and other government-guaranteed loans (2) (3) (4) $ - $ 7,849 $ 90,923 $ 98,772 $ - $ 50,068 $ 148,840 $ 90,923 Other residential mortgage loans (4) - 86,553 193,275 279,828 175,234 2,723,448 3,178,510 18,240 Commercial: Commercial and Industrial loans 43,946 18,387 176,473 238,806 - 2,113,305 2,352,111 32,538 Commercial mortgage loans (4) - 21,990 128,567 150,557 3,260 1,364,334 1,518,151 33,479 Construction: Land (4) - 209 13,068 13,277 - 38,337 51,614 191 Construction-commercial (4) - - - - - 39,142 39,142 - Construction-residential (4) - - 3,241 3,241 - 26,851 30,092 - Consumer: Auto loans 76,736 19,045 17,689 113,470 - 882,678 996,148 - Finance leases 10,282 2,754 3,257 16,293 - 211,987 228,280 - Other consumer loans 9,334 5,359 15,399 30,092 - 644,695 674,787 2,948 Total loans held for investment $ 140,298 $ 162,146 $ 641,892 $ 944,336 $ 178,494 $ 8,094,845 $ 9,217,675 $ 178,319 _____________ (1) Includes non-performing loans and accruing loans which 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 $37.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of June 30, 2015. (3) As of June 30, 2015, includes $28.1 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, construction-commercial loans and construction-residential loans past due 30-59 days as of June 30, 2015 amounted to $10.3 million, $181.6 million, $16.2 million, $2.9 million, $5.2 million, and $3.1 million, respectively. As of December 31, 2014 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) $ - $ 9,733 $ 81,055 $ 90,788 $ - $ 62,782 $ 153,570 $ 81,055 Other residential mortgage loans (4) - 78,336 199,078 277,414 98,494 2,481,709 2,857,617 18,371 Commercial: Commercial and Industrial loans 22,217 7,445 143,928 173,590 - 2,305,847 2,479,437 21,381 Commercial mortgage loans (4) - 15,482 171,281 186,763 3,393 1,475,631 1,665,787 22,808 Construction: Land (4) - 210 15,264 15,474 - 40,447 55,921 234 Construction-commercial - - - - - 24,562 24,562 - Construction-residential (4) - - 14,324 14,324 - 28,673 42,997 - Consumer: Auto loans 77,385 19,665 22,276 119,326 - 941,456 1,060,782 - Finance leases 8,751 2,734 5,245 16,730 - 215,396 232,126 - Other consumer loans 9,801 6,054 18,671 34,526 717 654,394 689,637 3,377 Total loans held for investment $ 118,154 $ 139,659 $ 671,122 $ 928,935 $ 102,604 $ 8,230,897 $ 9,262,436 $ 147,226 ____________ (1) Includes non-performing loans and accruing loans which 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 $40.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of December 31, 2014. (3) As of December 31, 2014, includes $9.3 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 as of December 31, 2014 amounted to $14.0 million, $189.1 million, $20.8 million, $0.8 million and $1.0 million, respectively. The Corporation’s credit quality indicators by loan type as of June 30, 2015 and December 31, 2014 are summarized below: Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness category: Substandard Doubtful Loss Total Adversely Classified (1) Total Portfolio June 30, 2015 (In thousands) Commercial mortgage $ 161,579 $ 117 $ - $ 161,696 $ 1,518,151 Construction: Land 14,500 1 - 14,501 51,614 Construction-commercial 11,490 - - 11,490 39,142 Construction-residential 3,241 - - 3,241 30,092 Commercial and Industrial 218,604 896 523 220,023 2,352,111 Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness category: Substandard Doubtful Loss Total Adversely Classified (1) Total Portfolio December 31, 2014 (In thousands) Commercial mortgage $ 273,027 $ 897 $ - $ 273,924 $ 1,665,787 Construction: Land 16,915 - - 16,915 55,921 Construction-commercial 11,790 - - 11,790 24,562 Construction-residential 13,548 776 - 14,324 42,997 Commercial and Industrial 234,926 4,884 801 240,611 2,479,437 _________ (1) Excludes $48.0 million ($7.8 million land, $39.1 million construction-commercial, $0.9 million construction-residential and $0.2 million commercial mortgage) and $54.6 million ($7.8 million land, $39.1 million construction-commercial, $0.9 million construction-residential and $6.8 million commercial mortgage) as of June 30, 2015 and December 31, 2014, respectively, 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 as set 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. June 30, 2015 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 $ 148,840 $ 2,828,241 $ 978,459 $ 225,023 $ 662,336 Purchased Credit-Impaired (2) - 175,234 - - - Non-performing - 175,035 17,689 3,257 12,451 Total $ 148,840 $ 3,178,510 $ 996,148 $ 228,280 $ 674,787 (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 $37.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of June 30, 2015. (2) PCI loans are excluded from non-performing statistics due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analysis. December 31, 2014 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 $ 153,570 $ 2,578,416 $ 1,038,506 $ 226,881 $ 673,626 Purchased Credit-Impaired (2) - 98,494 - - 717 Non-performing - 180,707 22,276 5,245 15,294 Total $ 153,570 $ 2,857,617 $ 1,060,782 $ 232,126 $ 689,637 (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 $40.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of December 31, 2014. (2) PCI loans are excluded from non-performing statistics due to the application of the accretion method, under 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 June 30, 2015 Recorded Investment Unpaid Principal Balance Related Specific Allowance Year-To-Date Average Recorded Investment Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis As of June 30, 2015 With no related allowance recorded: FHA/VA-Guaranteed loans $ - $ - $ - $ - $ - $ - $ - $ - Other residential mortgage loans 69,148 79,066 - 70,366 167 249 253 359 Commercial: Commercial mortgage loans 84,629 92,873 - 85,119 436 469 823 924 Commercial and Industrial Loans 30,020 32,406 - 30,393 7 249 14 449 Construction: Land - - - - - - - - Construction-commercial - - - - - - - - Construction-residential 4,107 4,610 - 4,134 41 - 82 - Consumer: Auto loans - - - - - - - - Finance leases - - - - - - - - Other consumer loans 2,645 4,068 - 2,745 1 35 1 60 $ 190,549 $ 213,023 $ - $ 192,757 $ 652 $ 1,002 $ 1,173 $ 1,792 With an allowance recorded: FHA/VA-Guaranteed loans $ - $ - $ - $ - $ - $ - $ - $ - Other residential mortgage loans 378,163 423,151 17,136 379,766 4,219 465 8,383 1,000 Commercial: Commercial mortgage loans 46,114 61,162 6,711 48,006 128 88 236 257 Commercial and Industrial Loans 153,099 177,798 15,510 156,788 606 480 1,193 1,848 Construction: Land 9,949 13,946 1,232 10,037 13 51 26 63 Construction-commercial 11,491 11,491 926 11,690 123 - 251 - Construction-residential 643 853 98 644 - - - - Consumer: Auto loans 18,805 18,805 6,501 19,730 357 - 694 - Finance leases 2,381 2,381 184 2,401 44 - 92 - Other consumer loans 13,622 13,892 1,620 14,119 1 719 1 1,072 $ 634,267 $ 723,479 $ 49,918 $ 643,181 $ 5,491 $ 1,803 $ 10,876 $ 4,240 Total: FHA/VA-Guaranteed loans $ - $ - $ - $ - $ - $ - $ - $ - Other residential mortgage loans 447,311 502,217 17,136 450,132 4,386 714 8,636 1,359 Commercial: Commercial mortgage loans 130,743 154,035 6,711 133,125 564 557 1,059 1,181 Commercial and Industrial Loans 183,119 210,204 15,510 187,181 613 729 1,207 2,297 Construction: Land 9,949 13,946 1,232 10,037 13 51 26 63 Construction-commercial 11,491 11,491 926 11,690 123 - 251 - Construction-residential 4,750 5,463 98 4,778 41 - 82 - Consumer: Auto loans 18,805 18,805 6,501 19,730 357 - 694 - Finance leases 2,381 2,381 184 2,401 44 - 92 - Other consumer loans 16,267 17,960 1,620 16,864 2 754 2 1,132 $ 824,816 $ 936,502 $ 49,918 $ 835,938 $ 6,143 $ 2,805 $ 12,049 $ 6,032 (In thousands) Recorded Investments Unpaid Principal Balance Related Specific Allowance Year-To-Date Average Recorded Investment As of December 31, 2014 With no related allowance recorded: FHA/VA-Guaranteed loans $ - $ - $ - $ - Other residential mortgage loans 74,177 80,522 - 75,711 Commercial: Commercial mortgage loans 109,271 132,170 - 113,674 Commercial and Industrial Loans 41,131 47,647 - 42,011 Construction: Land 2,994 6,357 - 3,030 Construction-commercial - - - - Construction-residential 7,461 10,100 - 8,123 Consumer: Auto loans - - - - Finance leases - - - - Other consumer loans 3,778 5,072 - 3,924 $ 238,812 $ 281,868 $ - $ 246,473 With an allowance recorded: FHA/VA-Guaranteed loans $ - $ - $ - $ - Other residential mortgage loans 350,067 396,203 10,854 357,129 Commercial: Commercial mortgage loans 101,467 116,329 14,289 104,191 Commercial and Industrial Loans 195,240 226,431 21,314 198,930 Construction: Land 9,120 12,821 794 10,734 Construction-commercial 11,790 11,790 790 11,867 Construction-residential 8,102 8,834 993 8,130 Consumer: Auto loans 16,991 16,991 2,787 18,504 Finance leases 2,181 2,181 253 2,367 Other consumer loans 11,637 12,136 3,131 12,291 $ 706,595 $ 803,716 $ 55,205 $ 724,143 Total: FHA/VA-Guaranteed loans $ - $ - $ - $ - Other residential mortgage loans 424,244 476,725 10,854 432,840 Commercial: Commercial mortgage loans 210,738 248,499 14,289 217,865 Commercial and Industrial Loans 236,371 274,078 21,314 240,941 Construction: Land 12,114 19,178 794 13,764 Construction-commercial 11,790 11,790 790 11,867 Construction-residential 15,563 18,934 993 16,253 Consumer: Auto loans 16,991 16,991 2,787 18,504 Finance leases 2,181 2,181 253 2,367 Other consumer loans 15,415 17,208 3,131 16,215 $ 945,407 $ 1,085,584 $ 55,205 $ 970,616 Interest income of approximately $9.1 million ($6.7 million accrual basis and $2.4 million cash basis) and $17.1 million ($13.1 million accrual basis and $4.0 million cash basis) was recognized on impaired loans for the second quarter and six-month period ended June 30, 2014, respectively. The following tables show the activity for impaired loans and the related specific reserve for the quarters and six-month periods ended June 30, 2015 and 2014: Quarter Ended Six-Month Period Ended June 30, 2015 (In thousands) Impaired Loans: Balance at beginning of period $ 954,981 $ 945,407 Loans determined impaired during the period 34,889 97,822 Charge-offs (1) (70,813) (82,528) Loans sold, net of charge-offs (66,699) (67,836) Increases to impaired loans-additional disbursements 1,597 2,116 Foreclosures (10,234) (20,186) Loans no longer considered impaired (3,287) (13,185) Paid in full or partial payments (15,618) (36,794) Balance at end of period $ 824,816 $ 824,816 (1) Includes $63.9 million of charge-offs related to a bulk sale of assets, mostly comprised of non-performing and adversely classified commercial loans, further discussed below. Quarter Ended Six-Month Period Ended June 30, 2014 (In thousands) Impaired Loans: Balance at beginning of period $ 879,388 $ 919,112 Loans determined impaired during the period 98,966 153,243 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 June 30, 2015 (In thousands) Specific Reserve: Balance at beginning of period $ 62,140 $ 55,205 Provision for loan losses 53,707 72,357 Net charge-offs (65,929) (77,644) Balance at end of period $ 49,918 $ 49,918 Quarter Ended Six-Month Period Ended June 30, 2014 (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 Purchased Credit Impaired (“PCI”) Loans As described in Note 2, Business Combination, the Corporation acquired PCI loans as part of the Doral Bank transaction and in previously completed asset acquisitions , which are accounted under ASC 310-30. These previous transactions include the acquisition from Doral Financial in the second quarter of 2014 of all its rights, title and interest in first and second residential mortgages loans in full satisfaction of secured borrowings owed by such entity to FirstBank , and the acquisition in 2012 of a FirstBank -branded credit card loans portfolio from FIA Card Services (“FIA”). Under ASC 310-30, the acquired PCI 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. Since the loans are accounted for by the Corporation under ASC 310-30, they 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 recognizes additional losses on this portfolio when it is probable that the Corporation will be unable to collect all cash flows expected as of the acquisition date plus additional cash flows expected to be collected arising from changes in estimates after the acquisition date. The carrying amount of PCI loans follows: June 30, December 31, 2015 2014 (In thousands) Residential mortgage loans $ 175,234 $ 98,494 Commercial mortgage loans 3,260 3,393 Credit Cards - 717 Total PCI loans $ 178,494 $ 102,604 Allowance for loan losses (3,164) - Total PCI loans, net of allowance for loan losses $ 175,330 $ 102,604 The following tables present PCI loans by past due status as of June 30, 2015 and December 31, 2014: As of June 30, 2015 30-59 Days 60-89 Days 90 days or more Total Past Due Total PCI loans (In thousands) Current Residential mortgage loans (1) $ - $ 16,775 $ 17,820 $ 34,595 $ 140,639 $ 175,234 Commercial mortgage loans (1) - - 408 408 2,852 3,260 Credit Cards - - - - - - $ - $ 16,775 $ 18,228 $ 35,003 $ 143,491 $ 178,494 _____________ (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 as of June 30, 2015 amounted to $31.5 million and $0.8 million, respectively. As of December 31, 2014 30-59 Days 60-89 Days 90 days or more Total Past Due Total PCI loans (In thousands) Current Residential mortgage loans (1) $ - $ 12,571 $ 15,176 $ 27,747 $ 70,747 $ 98,494 Commercial mortgage loans (1) - 356 443 799 2,594 3,393 Credit Cards 47 25 42 114 603 717 $ 47 $ 12,952 $ 15,661 $ 28,660 $ 73,944 $ 102,604 (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 as of December 31, 2014 amounted to $16.6 million and $0.8 million, respectively. Initial Fai r 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 c onsolidated s tatement of f inancial c ondition. 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, u sing the effective-yield method The following table presents acquired loans from Doral Bank in the first quarter of 2015 accounted for pursuant to ASC310-30 as of the acquisition date: (In thousands) Contractually- required principal and interest $ 166,947 Less: Nonaccretable difference (48,739) Cash flows expected to be collected 118,208 Less: Accretable yield (38,319) Fair value of loans acquired in 2015 (1) $ 79,889 _________ (1) Amounts are estimates based on the best information available at the acquisition date and adjustments in future quarters may occur up to one year from the date of acquisition. 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 second quarter of 2015 , the Corporation established a $3.2 million reserve related to PCI loans acquired from Doral Financial in 2014. The reserve is driven by the revision s to the expected cash flows of the portfolio for the remaining term of the loan pool based on market conditions . Changes in the accretable yield of PCI loans for the quarter and six-month period ended June 30, 2015 and 2014 were as follows: Quarter ended June 30, 2015 Quarter ended June 30, 2014 Six-month period ended June 30, 2015 Six-month period ended June 30, 2014 (In thousands) Balance at beginning of period $ 118,502 $ - $ 82,460 $ - Additions (accretable yield at acquisition of loans from Doral) - 86,759 38,319 86,759 Accretion recognized in earnings (3,007) (612) (5,284) (612) Reclassification from non accretable 8,793 - 8,793 - Balance at end of period $ 124,288 $ 86,147 $ 124,288 $ 86,147 The outstanding principal balance of PCI loans, including amounts charge d off by the Corporation, amounted to $ 2 23 . 4 million as of June 30, 201 5 (December 201 4 - $ 135.5 million). Changes in the carrying amount of loans accounted for pursuant to ASC 310-30 follows: Quarter Ended Six-Month Period Ended June 30, 2015 June 30, 2015 (In thousands) Balance at beginning of period $ 181,114 $ 102,604 Additions (1) - 79,889 Accretion 3,007 5,284 Collections and charge-offs (5,627) (9,283) Ending balance $ 178,494 $ 178,494 Allowance for loan losses (3,164) (3,164) Ending balance, net of allowance for loan losses $ 175,330 $ 175,330 (1) Represents the estimated fair value of the PCI loans acquired from Doral at the date of acquisition. Purchases and Sales of Loans As described in Note 2, Business Combination , o n February 27, 2015, FirstBank acquired $32 4.8 million in principal of loans, primarily residential mortgage loans through an alliance with other co-bidders on the failed Doral Bank , a portion of which was accounted for as PCI loans , as described above. Pursuant to the terms of the purchase and assumption agreement, FirstBank purchased the loans at an aggregate discount of 9.0 %, or approximately $ 29 million , through an FDIC facilitate d transaction. The transaction was accounted for under ASC Topic 820 , which requires all recognized assets acquired and liabilities assumed in a business combination to be measured at their acquisition- d ate f air values. The f air value of the loans acquired in this transaction was $311.4 million at the acquisition date. In addition, d uring the first half of 2015 , the Corporation purchased $ 46.0 million of residential mortgage loans consistent with a strategic program established by the Corporation in 2005 to purchase ongoing residential mortgage loan production from m ortgage bankers in Puerto Rico . Also, during the first half of 2015, the Corporation purchased a $ 21.1 million participation i n a commercial mortgage loan . 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 loa ns (originated or purchased) to GNMA and governm ent-sponsored entities (“GSEs”) such as Fannie Mae (“FNMA”) and Freddie Mac (“FHLMC”), which generally securitize the transferred loans into mortgage-backed securities for sale into the secondary market. The Corporation sold approximately $ 75.5 million of performing residential mortgage loans to FNMA and FHLMC during the first half of 201 5 . Also, during the first half of 2015, the Corporation sold $ 131.0 million of FHA/VA mortgage loans to GNMA , which package them into mortgage-backed securities. 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 201 5 , the Corporation repurchased pursuant to its repurchase option with GNMA $ 6.3 million of loans previously sold to GNMA. The principal balance of these loans is fully guaranteed and the risk of loss related to the repurchase d loans 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 Corp

ALLOWANCE FOR LOAN AND LEASE LO

ALLOWANCE FOR LOAN AND LEASE LOSSES	3 Months Ended
	Jun. 30, 2015
ALLOWANCE FOR LOAN AND LEASE LOSSES	NOTE 8 – 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, 2015 Allowance for loan and lease losses: Beginning balance $ 28,682 $ 45,027 $ 70,179 $ 13,639 $ 68,537 $ 226,064 Charge-offs (3,529) (46,432) (24,370) (4,079) (14,538) (92,948) Recoveries 272 4,767 3,953 1,996 3,148 14,136 Provision 8,358 44,278 15,590 309 5,731 74,266 Ending balance $ 33,783 $ 47,640 $ 65,352 $ 11,865 $ 62,878 $ 221,518 Ending balance: specific reserve for impaired loans $ 17,136 $ 6,711 $ 15,510 $ 2,256 $ 8,305 $ 49,918 Ending balance: purchased credit-impaired loans $ 3,061 $ 102 $ - $ - $ - $ 3,163 Ending balance: general allowance $ 13,586 $ 40,827 $ 49,842 $ 9,609 $ 54,573 $ 168,437 Loans held for investment: Ending balance $ 3,327,350 $ 1,518,151 $ 2,352,111 $ 120,848 $ 1,899,215 $ 9,217,675 Ending balance: impaired loans $ 447,311 $ 130,743 $ 183,119 $ 26,190 $ 37,453 $ 824,816 Ending balance: purchased credit-impaired loans $ 175,234 $ 3,260 $ - $ - $ - $ 178,494 Ending balance: loans with general allowance $ 2,704,805 $ 1,384,148 $ 2,168,992 $ 94,658 $ 1,861,762 $ 8,214,365 (In thousands) Residential Mortgage Loans Commercial Mortgage Loans Commercial & Industrial Loans Construction Loans Consumer Loans Total Six-Month period ended June 30, 2015 Allowance for loan and lease losses: Beginning balance $ 27,301 $ 50,894 $ 63,721 $ 12,822 $ 67,657 $ 222,395 Charge-offs (8,721) (50,438) (28,823) (4,684) (32,295) (124,961) Recoveries 370 5,043 4,511 2,203 4,721 16,848 Provision 14,833 42,141 25,943 1,524 22,795 107,236 Ending balance $ 33,783 $ 47,640 $ 65,352 $ 11,865 $ 62,878 $ 221,518 Ending balance: specific reserve for impaired loans $ 17,136 $ 6,711 $ 15,510 $ 2,256 $ 8,305 $ 49,918 Ending balance: purchased credit-impaired loans $ 3,061 $ 102 $ - $ - $ - $ 3,163 Ending balance: general allowance $ 13,586 $ 40,827 $ 49,842 $ 9,609 $ 54,573 $ 168,437 Loans held for investment: Ending balance $ 3,327,350 $ 1,518,151 $ 2,352,111 $ 120,848 $ 1,899,215 $ 9,217,675 Ending balance: impaired loans $ 447,311 $ 130,743 $ 183,119 $ 26,190 $ 37,453 $ 824,816 Ending balance: purchased credit-impaired loans $ 175,234 $ 3,260 $ - $ - $ - $ 178,494 Ending balance: loans with general allowance $ 2,704,805 $ 1,384,148 $ 2,168,992 $ 94,658 $ 1,861,762 $ 8,214,365 (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 As discussed in Note 7, under the heading “Bulk Sale of Assets , ” during the second quarter of 2015, the Corporation completed the sale of commercial and construction loans with a book value of $147.5 million, mostly comprised of non-performing and adversely classified loan. This transaction resulted in charge-offs of approximately $61.4 million. The inclusion of the $61.4 million of charge-offs from the bulk sale in the historical loss rates had an impact of approximately $ 15.5 million on the general reserve for loan losses determined for loans collectively evaluated for impairment. The Corporation incorporated the charge-offs information from the second quarter 2015 bulk sale in its measurement of credit impairment for loans collectively measured. The total bulk sale charge offs were included in the determination of historical loss rates with no reduction for the additional market discount related to the bulk sale resolution; in the past the Corporation had separated the market component of the loss. The decision to include total charge-offs, with no qualitative adjustment for the steep discount on this bulk sale, considered the potential use of similar credit resolution strategies in the future in light of the current economic conditions in Puerto Rico. The effect of this position resulted in the aforementioned increase of $15. 5 million in related allowance which management feels better reflects the inherent risk in the portfolio. As of June 30, 2015 , the Corporation maintained a $ 0.5 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, 2015
LOANS HELD FOR SALE	NOTE 9 – LOANS HELD FOR SALE The Corporation's loans held-for-sale portfolio was composed of: (In thousands) June 30, 2015 December 31, 2014 Residential mortgage loans $ 31,994 $ 22,315 Construction loans 47,802 47,802 Commercial mortgage loans 230 6,839 Total $ 80,026 $ 76,956 Non-performing loans held for sale totaled $ 48.0 million ($ 0.2 million commercial mortgage and $ 47.8 million construction loans) and $ 54. 6 m illion ($ 6.8 million commercial mortgage and $ 47.8 million construction loans) as of June 30, 201 5 and December 31, 201 4 , respectively . During the second quarter of 2015, the Corporation completed the sale of a $ 6.6 million non-performing commercial mortgage loan as part of the bulk sale of assets .

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	3 Months Ended
	Jun. 30, 2015
Text Block [Abstract]
Other Real Estate Owned Disclosure [Text Block]	NOTE 10 – OTHER REAL ESTATE OWNED The following table presents OREO inventory as of the dates indicated: June 30, December 31, (In thousands) 2015 2014 OREO OREO balances, carrying value: FHA/VA-Guaranteed (1) $ 7,274 $ 7,059 Other residential 25,954 22,520 Commercial 72,528 75,654 Construction 16,373 18,770 Total $ 122,129 $ 124,003 (1) As of June 30, 2015, excludes $0.1 million of foreclosures completed in 2015 that meet the conditions of ASC 310-40 and are presented as a receivable (other assets) in the statement of financial condition.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	3 Months Ended
	Jun. 30, 2015
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	NOTE 11 – 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, 2015 and December 31, 2014 , 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, 2015 , the Corporation has no interest rate swaps outstanding . I n the past, most of the interest rate swaps were 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 - F orward 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 f orward 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 may enter 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, 2015 2014 (In thousands) Undesignated economic hedges: Interest rate contracts: Interest rate swap agreements $ - $ 5,440 Written interest rate cap agreements 36,481 37,132 Purchased interest rate cap agreements 36,481 37,132 Forward Contracts: Sale of GNMA TBAs 44,000 19,000 $ 116,962 $ 98,704 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 2015 2014 2015 2014 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 $ - $ 33 Accounts payable and other liabilities $ - $ 33 Written interest rate cap agreements Other assets - - Accounts payable and other liabilities - 6 Purchased interest rate cap agreements Other assets - 6 Accounts payable and other liabilities - - Forward Contracts: Sales of GNMA TBAs Other assets 136 - Accounts payable and other liabilities 102 148 $ 136 $ 39 $ 102 $ 187 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 2015 2014 2015 2014 Undesignated economic hedges: Interest rate contracts: Interest rate swap agreements Interest income - Loans $ - $ 261 $ - $ 574 Forward contracts: Sales of GNMA TBAs Mortgage banking activities 254 (237) 182 (402) Total gain on derivatives $ 254 $ 24 $ 182 $ 172 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 is as follows: As of As of June 30, December 31, 2015 2014 (Dollars in thousands) Pay fixed/receive floating : Notional amount (1) $ - $ 5,440 Weighted-average receive rate at period end - 2.03% Weighted-average pay rate at period end - 3.45% ________________________ (1) The remaining interest rate swap with a notional amount of $5.4 million matured during the second quarter of 2015. As of June 30, 2015 the Corporation had not entered into any derivative instrument containing credit-risk related contingent features.

OFFSETTING OF ASSETS AND LIABIL

OFFSETTING OF ASSETS AND LIABILITIES	3 Months Ended
	Jun. 30, 2015
Text Block [Abstract]
OFFSETTING OF ASSETS AND LIABILITIES	NOTE 12 – OFFSETTING OF ASSETS AND LIABILITIES The Corporation enters into master agreements with counterparties , primarily related to derivatives and repurchase agreements, that may allow for netting of ex posures in the event of default . In an event of default , each party has a right of set-off against the other party for the amount s owed in the related agreement and any other amount or obligation owed in respect o f 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, 2015 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 Securities purchased under agreements to resell $ 200,000 $ (200,000) $ - $ - $ - $ - As of December 31, 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 $ 6 $ - $ 6 $ (6) $ - $ - Offsetting of Financial Liabilities and Derivative Liabilities (In thousands) As of June 30, 2015 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 Securities sold under agreements to repurchase $ 600,000 $ (200,000) $ 400,000 $ (400,000) $ - $ - As of December 31, 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 $ 33 $ - $ 33 $ (33) $ - $ - Securities sold under agreements to repurchase 600,000 - 600,000 (600,000) - - Total $ 600,033 $ - $ 600,033 $ (600,033) $ - $ -

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	3 Months Ended
	Jun. 30, 2015
GOODWILL AND OTHER INTANGIBLES	NOTE 13 – GOODWILL AND OTHER INTANGIBLES Goodwill as of June 30, 2015 and December 31, 201 4 amounted to $ 28.1 million, recognized as part of “Other Assets” in the c onsolidated s tatement of f inancial c ondition. The Corporation conducted its annual evaluation of goodwill and intangibles during the fourth quarter of 201 4 . The Corporation's goodwill is related to the acquisition of First B ank Florida in 2005. The Corporation bypassed the qualitative assessment in 201 4 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 half of 201 5 . Goodwill and other indefinite life intangibles are reviewed at least annually for impairment. In connection with the acquisition of the FirstBank -bra nded 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 the next 6.4 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 core deposit intangible acquired in the February 2015 Doral Bank transaction amounted to $5.8 million . 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, 2015 2014 (Dollars in thousands) Core deposit intangible: Gross amount, beginning of period $ 45,844 $ 45,844 Addition as a result of acquisition 5,820 0 Accumulated amortization (41,381) (40,424) Net carrying amount $ 10,283 $ 5,420 Remaining amortization period 9.7 years 8.4 years Purchased credit card relationship intangible: Gross amount $ 24,465 $ 24,465 Accumulated amortization (9,611) (8,076) Net carrying amount $ 14,854 $ 16,389 Remaining amortization period 6.4 years 6.9 years For the quarter and six-month period ended June 30, 2015 , the amortization expense of core deposit intangibles amounted to $ 0.6 million and $ 1.0 million , respectively (201 4 - $ 0. 4 million and $ 0 . 8 million , respectively ) . For the quarter and six-month period ended June 30, 2015 , the amortization expense of the purchased credit card relationship intangible amounted to $ 0.8 million and $ 1. 5 million , respectively (201 4 - $ 0.9 million and $ 1.7 million , respectively ). The estimated aggregate amortization expense related to these intangible assets for future periods is as follows: Amount (In thousands) 2015 $ 2,652 2016 4,884 2017 4,270 2018 3,313 2019 and after 10,018

NON-CONSOLIDATED VARIABLE INTER

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS	3 Months Ended
	Jun. 30, 2015
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS	NOTE 14 – 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: GNMA 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, 2015 , the Corporation serviced loans securitized through GNMA with a principal balance of $ 1.2 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. During the second quarter of 2015, the Corporation exchanged $5.3 million of trust preferred securiti es (FBP Statutory T rust I) for 852, 831 shares of the Corporation's common stock. The Junior Subordinated Deferrable Debentures issued by the Corporation in April 2004 and 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 Collins Amendment to the Dodd-Frank 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. Under the indentures, the Corporation has the right, from time to time, and without causing an event of default, to defer payments of interest on the subordinated debentures by extending the interest payment period at any time and from time to time during the term of the subordinated debentures for up to twenty consecutive quarterly periods. Future interest payments are subject to the Federal Reserve approval. The Corporation elected to defer the interest payments that were due o n quarterly periods since March 2012. The aggregate amount of payments deferred and accrued approximates $ 24.9 million as of June 30, 201 5 . 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 its 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, 2015 , the amortized balance and carrying value of Grantor Trusts amounted to $ 39.8 million and $ 29.4 million, respectively, with a weighted average yield of 2.18 %. 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, 2015 , the carrying amount of the loan was $ 15.5 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 in 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. The loss recorded in the first half of 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 on 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, 2015 , the carrying value of the revolver agreement and working capital line was $ 23.6 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 initial fair value of the investment in CPG/GS was determined using techniques with significant unobservable (Level 3) inputs. The valuation inputs included an estimate of future cash flows, expectations about possible variations in the amount and timing of cash flows, and a discount factor based on a rate of return. The Corporation researched available market data and internal information (i.e., proposals received for the servicing of distressed assets and public disclosures and other information about similar structures and/or of distressed asset sales) and determined reasonable ranges of expected returns for FirstBank's equity interest. The rate of return of 17.57 % was used as the discount factor to estimate the value of FirstBank's equity interest and represents the Bank's estimate of the yield a market participant would have required at the time of the transaction . A reasonable range of equity returns was assessed based on consideration of a range of company-specific risk premiums. The valuation of this type of equity interest is highly subjective and somewhat dependent on nonobservable market assumptions, which may result in variations from market participant to market participant. The following table shows summarized unaudited income statement information of CPG/GS for the quarters and six-month periods ended June 30, 2015 and 2014: Quarter Ended Six-Month Period Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 (In thousands) (In thousands) Revenues, including net realized gains on sale of investments in loans and OREO $ 944 $ 2,118 $ 1,531 $ 2,869 Gross (loss) profit $ (2,657) $ (455) $ (10,897) $ (1,963) Net loss $ (2,522) $ (2,355) $ (10,273) $ (4,802) Servicing Assets Th rough its sale of mortgages, 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, (In thousands) 2015 2014 2015 2014 Balance at beginning of period $ 22,973 $ 22,026 $ 22,838 $ 21,987 Capitalization of servicing assets 1,474 1,017 2,547 2,069 Amortization (795) (790) (1,651) (1,573) Adjustment to fair value (109) 39 (147) (180) Other (1) (24) (22) (68) (33) Balance at end of period $ 23,519 $ 22,270 $ 23,519 $ 22,270 (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, (In thousands) 2015 2014 2015 2014 Balance at beginning of period $ 93 $ 431 $ 55 $ 212 Temporary impairment charges 128 24 186 243 Recoveries (19) (63) (39) (63) Balance at end of period $ 202 $ 392 $ 202 $ 392 The components of net servicing income are shown below: Quarter ended Six-Month Period Ended June 30, June 30, (In thousands) 2015 2014 2015 2014 Servicing fees $ 1,780 $ 1,689 $ 3,544 $ 3,360 Late charges and prepayment penalties 177 177 367 341 Adjustment for loans repurchased (24) (22) (68) (33) Other (1) (14) (689) (103) (1,047) Servicing income, gross 1,919 1,155 3,740 2,621 Amortization and impairment of servicing assets (904) (751) (1,798) (1,753) Servicing income, net $ 1,015 $ 404 $ 1,942 $ 868 (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 of the related mortgages ranged as follows: Maximum Minimum Six-Month Period Ended June 30, 2015: Constant prepayment rate: Government guaranteed mortgage loans 9.2 % 7.9 % Conventional conforming mortgage loans 9.0 % 7.9 % Conventional non-conforming mortgage loans 14.0 % 12.9 % Discount rate: Government guaranteed mortgage loans 11.5 % 11.5 % Conventional conforming mortgage loans 9.5 % 9.5 % Conventional non-conforming mortgage loans 13.8 % 13.8 % 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 % As of June 30, 2015 , fair values of the Corporation's servicing assets were based on a valuation model that incorporates market driven assumptions regarding discount rates and mortgage prep ayment 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 as sumptions for mortgage loans as of June 30, 2015 were as follows: (Dollars in thousands) Carrying amount of servicing assets $ 23,519 Fair value $ 26,429 Weighted-average expected life (in years) 9.40 Constant prepayment rate (weighted-average annual rate) 9.16% Decrease in fair value due to 10% adverse change $ 881 Decrease in fair value due to 20% adverse change $ 1,713 Discount rate (weighted-average annual rate) 10.63% Decrease in fair value due to 10% adverse change $ 1,130 Decrease in fair value due to 20% adverse change $ 2,173 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, 2015
DEPOSITS	N OTE 15 – DEPOSITS The following table summarizes deposit balances: June 30, December 31, 2015 2014 (In thousands) Type of account: Non-interest bearing checking accounts $ 1,271,464 $ 900,616 Savings accounts 2,549,230 2,450,484 Interest-bearing checking accounts 1,063,381 1,054,136 Certificates of deposit 2,289,688 2,191,663 Brokered CDs 2,330,813 2,887,046 $ 9,504,576 $ 9,483,945 Brokered CDs mature as follows: June 30, 2015 (In thousands) Three months or less $ 564,546 Over three months to six months 514,170 Over six months to one year 570,971 One to three years 645,059 Three to five years - Over five years 36,067 Total $ 2,330,813 The following are the components of interest expense on deposits: Quarter Ended Six-Month Period Ended June 30, June 30, 2015 2014 2015 2014 (In thousands) Interest expense on deposits $ 16,096 $ 17,750 $ 32,455 $ 36,264 Accretion of premium from acquisitions (285) - (285) - Amortization of broker placement fees 1,169 1,716 2,504 3,501 Interest expense on deposits $ 16,980 $ 19,466 $ 34,674 $ 39,765

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	3 Months Ended
	Jun. 30, 2015
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	NOTE 16 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase (repurchase agreements) consist of the following: (Dollars in thousands) June 30, 2015 December 31, 2014 Repurchase agreements, interest ranging from 1.96% to 3.36% (December 31, 2014- 2.45% to 4.50%) (1)(2) $ 700,000 $ 900,000 (1) Reported net of securities purchased under agreements to repurchase (reverse repurchase agreement) by counterparty, when applicable, pursuant to ASC 210-20-45-11. (2) As of June 30, 2015, includes $600 million with an average rate of 2.96% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2015. Subsequent to July 9, 2015, no lender has exercised its call option on repurchase agreements. In addition, $500 million is tied to variable rates. In the first quarter of 2015, the Corporation restructured $ 400 million of its repurchase agreements, $ 200 million of which were restructured by extending the contractual maturity and changing from a fixed in terest rate to a variable rate, and entered into $ 200 million of reverse repurchase agreements with the same counterparty (effective April , 2015) under a master netting arrangement that provides for a right to setoff that meets the conditions of ASC 210-20-45-11. These repurchase agreements and reverse repurchase agreements are presented net on the consolidated statement of financial condition. In addition, in the first quarter of 2015, the Corporation restructured an additional $ 200 million of its repurchase agreements with a different counterparty by extending the contractual maturity and reducing the interest rate in these agreements. Repurchase agreements mature as follows: June 30, 2015 (In thousands) Over one year to three years $ 500,000 Over five years 200,000 Total $ 700,000 As of June 30, 2015 and December 31, 201 4 , the securities underlying such agreements were delivered to the dealers with which the repurchase agreements were transacted. Repurchase agreements as of June 30, 2015, grouped by counterparty, were as follows: (Dollars in thousands) Weighted-Average Counterparty Amount Maturity (In Months) Citigroup Global Markets $ 300,000 16 JP Morgan Chase 200,000 79 Dean Witter / Morgan Stanley 100,000 28 Credit Suisse First Boston 100,000 3 $ 700,000

ADVANCES FROM THE FEDERAL HOME

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB)	3 Months Ended
	Jun. 30, 2015
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB)	NOTE 17 – ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) The following is a summary of the advances from the FHLB: June 30, December 31, (Dollars in thousands) 2015 2014 Fixed-rate advances from FHLB, with a weighted- average interest rate of 1.17% $ 325,000 $ 325,000 Advances from FHLB mature as follows: (In thousands) June 30, 2015 Over one year to three years 300,000 Over three to four years 25,000 Total $ 325,000 As of June 30, 2015, the Corporation had additional capacity of approximately $ 656.0 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, 2015
OTHER BORROWINGS	NOTE 18 – OTHER BORROWINGS Other borrowings consist of: June 30, December 31, (In thousands) 2015 2014 Junior subordinated debentures due in 2034, interest-bearing at a floating rate of 2.75% over 3-month LIBOR (3.03% as of June 30, 2015 and 2.99% as of December 31, 2014) $ 97,626 $ 103,093 Junior subordinated debentures due in 2034, interest-bearing at a floating rate of 2.50% over 3-month LIBOR (2.78% as of June 30, 2015 and 2.75% as of December 31, 2014) 128,866 128,866 $ 226,492 $ 231,959

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Jun. 30, 2015
STOCKHOLDERS' EQUITY	NOTE 19 – STOCKHOLDERS' EQUITY Common Stock As of June 30, 2015 and December 31, 2014 , 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, 2015 and December 31, 2014 , there were 215,552,377 and 213,724,749 shares issued, respectively, and 214,694,470 and 212,984,700 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.Refer to Note 4 for information about transactions related to common stock under the Omnibus Plan . During the second quarter of 2015, the Corporation issued 85 2 , 831 shares of its common stock in exchange for trust preferred securities with a liquidation value of $5.3 million. As a result of this transactio n, common stock increased by $85 thousand, w hich represents the par value of the shares issued. Also additional paid in capital increased by the excess of the common stock fair value over the par value, or $5.5 million. With this exchange, the other borrowings balance decrease d by $5.5 million. 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, 2015 , 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 o f its outstanding series of nonconvertible, 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 half 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, 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. Treasury stock During the first half of 201 5 , the Corporation withheld an aggregate of 117,858 shares of the common stock paid to certain senior officers as additional compensation and of rest ricted stock that vested during 201 5 to cover employees' payroll and income tax withholding liabilities; these shares are also held as treasury shares. As of June 3 0 , 201 5 and December 31, 201 4 , the Corporation had 857,907 and 740,049 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 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. During the fourth quarter of 2014, $40.0 million was transferred to the legal surplus reserve. FirstBank's legal surplus reserve, included as part of retained earnings in the Corporation's statement of financial condition, amounted to $ 40.0 million as of June 30, 2015. There were no transfers to the legal surplus reserve during the first half of 2015.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jun. 30, 2015
INCOME TAXES	NOTE 20 - INCOME TAXES Income tax expense includes Puerto Rico and USVI income taxes as well as applicable United States (“ U.S. ”) f ederal and s tate taxes. The C orporation 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. and USVI income tax purposes and is generally subject to U.S. and USVI income tax only on its income from sources within the U . S . and USVI or income effectively connected with the conduct of a trade or business in those regions . 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, t hus, 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 net operating loss (“ NOL ”) , a particular subsidiary must be able to demonstrate sufficient taxable income within the applicable NOL 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. 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 I nternational B anking E ntity (“IBE”) unit 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 FirstBank 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 the corporate standard rates to the extent that the IBE's net income exceeds 20 % of the bank's total net taxable income. In 2010, the Corporation established a valuation allowance for substantially all of the deferred tax a ssets of its banking subsidiary, FirstB ank, primarily due to significant operational losses driven by charges to the provision for loan losses, a three - year cumulative loss position as of the end of the year 2010, and uncertainty regarding the amount of future taxable income that the B ank could forecast. As of December 31, 2014 , based upon the assessment of all positive and negative evidence, management concluded that it was more likely than not that FirstBank will generate sufficient taxable income within the applicable NOL carry-forward periods to realize $ 313.0 million of its deferred tax assets and, therefore, reversed $302.9 million of the valuation allowance. As of June 3 0 , 2015, the deferred tax assets, net of a valuation allowance of $ 20 4 .0 million, amounted to $ 310.4 million and management concluded , based upon the assessment of all positive and negative evidence, that it is more likely than not that the Corporation will generate sufficient taxable income within the applicable NOL carry-forward periods to realize such amount. The Corporation recorded an income tax benefit of $ 9.8 million and $ 1.8 million in the second quarter and first six-months of 2015 , respectively, compared to an income tax benefit of $ 0.3 million and an income tax expense of $ 0.6 million for the same periods in 2014 . For the six-month period ended June 3 0 , 2015 , the Corporation calculated the provision for income taxes by applying the estimated annual effective tax rate for the full fiscal year to ordinary income or loss. The Corporation had historically calculated the provision for income taxes for interim periods by using a discrete effective tax rate method since it had a full valuation allowance on most of its deferred tax assets. As a result of the partial valuation allowance release during the fourth quarter of 2014, management will use the estimated annual effective tax rate as required by ASC 740 for interim period reporting. In the computation of the consolidated worldwide estimated annual effective tax rate, ASC 740-270 requires the exclusion of legal entities with pre-tax losses from which a tax benefit cannot be recognized. The year to date consolidated worldwide estimated effective tax rate , excluding entities with pre-tax losses from which a tax benefit cannot be recognized , is 30 %. The year to date effective tax rate including all entities is 18 %. The income tax benefit recorded in the first half of 2015 is a result of applying the estimated annual effective tax rate to the year to date ordinary loss. The pre-tax loss in 2015 was mainly driven by the $12.9 million OTTI on Puerto Rico Government debt securities held by the Corporation as part of its available-for-sale securities portfolio, $4.6 million in non-recurring acquisition and conversion costs related to the Doral Bank transaction and a bulk sale of non - performing and classified assets which resulted in a loss of $48.7 million. As of June 3 0 , 2015, the Corporation did not have U nrecognized Tax Benefits (“UTBs”) recorded on its books . During 2014, the Corporation reached a final settlement with the IRS in connection with the 2007-2009 examination periods. As a result , the Corporation released a portion of its reserve for uncertain tax positions , resulting in a tax benefit of $1.8 million , and paid $ 2.5 million to settle the tax liability resulting from the audit. During the second quarter of 2015, t he Corporation settled the previously accrued interest of $ 1.3 million related to the aforementioned IRS examination . The Corporation classifies all interest and penalties, if any, related to tax unce rtainties as income tax expense . Audit periods remain open for review until the statute of limitations has passed. The statu t e of limitation under the 2011 PR code is 4 years; th e statute of limitation 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 expirati on of the statute of limitation 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 the results of operations for any given quarterly or annual period based, in part, upon the results of operations for the given period. For Virgin Islands and U.S. income tax purposes, all tax years subsequent to 201 1 remain open to examination. The 2012 U.S. federal tax return is currently under examination by the IRS. For Puerto Rico purposes, all tax years subsequent to 2010 remain open to examination . During 2013, the Puerto Rico Government approved Act No. 40, which imposed a national gross receipts tax. The national gross receipts tax for financial institutions was computed on the basis of 1 % of gross income, net of allowable exclusions. Subject to certain limitations, a financial institution was able to claim a credit of 0.5 % of its gross income, against its regular income tax or the alternative minimum tax (“AMT”). However, on December 22, 2014, the Governor of Puerto Rico signed Act No. 238, which amended the 2011 PR Code. Act No. 238 clarifies that the national gross receipts tax will not be applicable to taxable years starting after December 31, 2014. Accordingly, during this first half of 2015 , the Corporation did not record national gross receipts tax expense. During the first half of 2014, a $ 2.8 million gross receipt tax expense was included as part of “Taxes, other than income taxes” in the consolidated statement of income and a $ 1.4 million benefit related to this credit was recorded as a reduction to the provision for income taxes. In May 28, 2015, the Puerto Rico legislature approved Act 72-2015 enacting amendments to the Puerto Rico Internal Revenue Code. Amendments related to the income tax pr ovision determination include changes to the alternative minimum tax computation, and changes to the use limitation on net operating losses an d capital losses for 2015 and future taxable years. The change in tax law affected the Corporation's income tax computation by limiting the net operating loss deduction to 80 % of taxable income, compared to a 90 % limitation on prior years. This change was incorporated in our annual estimated effective tax rate and did not have a significant impact in the current year.

FAIR VALUE

FAIR VALUE	3 Months Ended
	Jun. 30, 2015
FAIR VALUE	NOTE 21 – 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 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 2015 , there were no transfers into or out of the Level 1, Level 2 or Level 3 measurement classification of the fair value hierarchy. Financial I nstruments 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 cons ider the risk of nonperformance. During the second quarter of 2015, the Corporation recorded an OTTI of $12.9 million on certain Puerto Rico Government debt securities, specifically bonds of GDB and the Puerto Rico Public Buildings Authority. The credit impairment loss was based on the probability of default and loss severity in the event of default in consideration of the latest available information about the Puerto Rico Government's financial condition, including the Puerto Rico Government's intentions to restructure its outstanding bond obligations. Refer to Note 5 for significant assumptions used to determine the credit impairment portion, including default rates and recovery rates which are unobservable inputs. 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 3 -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 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 mark ed -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 ed -to-market effect of credit risk in the valuation of derivative instruments for the quarter and six-month periods ended June 30, 2015 and 2014 was immaterial. Assets and liabilities measured at fair value on a recurring basis are summarized below: As of June 30, 2015 As of December 31, 2014 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 : U.S. Treasury Securities $ 7,538 $ - $ - $ 7,538 $ 7,499 $ - $ - $ 7,499 Noncallable U.S. agency debt - 320,140 - 320,140 - 228,157 - 228,157 MBS and Callable U.S. agency debt - 1,573,818 - 1,573,818 - 1,653,140 - 1,653,140 Puerto Rico government obligations - 32,447 2,130 34,577 - 40,658 2,564 43,222 Private label MBS - - 29,510 29,510 - - 33,648 33,648 Other investments - - 100 100 - - - - Derivatives, included in assets: Interest rate swap agreements - - - - - 33 - 33 Purchased interest rate cap agreements - - - - - 6 - 6 Forward contracts - 136 - 136 - - - - Liabilities: Derivatives, included in liabilities: Interest rate swap agreements - - - - - 33 - 33 Written interest rate cap agreement - - - - - 6 - 6 Forward contracts - 102 - 102 - 148 - 148 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 periods ended June 30, 2015 and 2014 : Total Fair Value Measurements Quarter Ended June 30, 2015 2014 Level 3 Instruments Only Securities Securities (In thousands) Available For Sale (1) Available For Sale (1) Beginning balance $ 34,314 $ 47,510 Total gains or (losses) (realized/unrealized): Included in earnings (241) 0 Included in other comprehensive income 525 729 Sales - (4,855) Principal repayments and amortization (2,858) (2,466) Ending balance $ 31,740 $ 40,918 (1) Amounts mostly related to private label mortgage-backed securities. Total Fair Value Measurements Six-Month Period Ended June 30, 2015 2014 Level 3 Instruments Only Securities Securities (In thousands) Available For Sale (1) Available For Sale (1) Beginning balance $ 36,212 $ 43,292 Total gains or (losses) (realized/unrealized): Included in earnings (397) 0 Included in other comprehensive income 1,144 1,693 Purchases 100 5,123 Sales - (4,855) Principal repayments and amortization (5,319) (4,335) Ending balance $ 31,740 $ 40,918 (1) Amounts mostly related to private label mortgage-backed securities. The table below presents qualitative information for significant assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) at June 30, 2015: June 30, 2015 (In thousands) Fair Value Valuation Technique Unobservable Input Range Investment securities available-for-sale: Private label MBS $ 29,510 Discounted cash flow Discount rate 14.5% Prepayment rate 17.37% -100.00% (Weighted Average 29%) Projected cumulative loss rate 0.16% -80.00% (Weighted Average 6.9%) Puerto Rico Government Obligations 2,130 Discounted cash flow Prepayment speed 2.89% Information about Sensitivity to Changes in Significant Unobservable Inputs Private label MBS : The significant unobservable inputs in the valuation include the probability of default, the loss severity assumption and prepayment rates. Shifts in those inputs would result in different fair value measurements. Increases in the probability of default, the los s severity assumptions, and pre payment rates in isolation would generally result in an adverse effect on 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 of this L evel 3 instrument 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, 2015 and 2014 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, 2015 Quarter ended June 30, 2014 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) $ (241) $ 0 Changes in Unrealized Losses Changes in Unrealized Losses Six-Month Period Ended June 30, 2015 Six-Month Period Ended June 30, 2014 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) $ (397) $ 0 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, 2015, 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, 2015 (Losses) recorded for the Quarter Ended June 30, 2015 (Losses) recorded for the Six-Month Period Ended June 30, 2015 Level 1 Level 2 Level 3 (In thousands) Loans receivable (1) $ - $ - $ 298,935 $ (3,586) $ (15,850) OREO (2) - - 122,129 (1,906) (5,751) Mortgage servicing rights (3) - - 23,519 (109) (147) Loans Held For Sale (4) - - 48,032 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 and net operating income of income producing properties) that 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 of 9.16%, Discount Rate of 10.63%. (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 in such agreements. 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) Gains recorded for the Quarter Ended June 30, 2014 (Losses) Gains 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 - - (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 and net operating income of income producing properties) that 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 of 9.78%, Discount Rate of 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. Qualitative information regarding the fair value measurements for Level 3 financial instruments is as follows: June 30, 2015 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 of 9.16%; weighted average discount rate of 10.63% The following is a description of the valuation methodologies used for instruments that are not measured or 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 historical calibration and current market prepayment expectations. Discount rates were based on the U.S. 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 Bank in the first quarter of 2015 was derived from a model of forecasted cash flows that uses market-driven assumptions such as prepayment rate, default rate, and loss severity on a loan level basis. The forecasted cash flows are then discounted by yields observed in sales of similar portfolios in Puerto Rico and the continental U.S. 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, 2015 . 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, are 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 s wap 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 carrying value and the estimated fair value of financial instruments as of June 30, 2015 and December 31, 2014: Total Carrying Amount in Statement of Financial Condition June 30, 2015 Fair Value Estimate June 30, 2015 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments $ 682,403 $ 682,403 $ 682,403 $ - $ - Investment securities available for sale 1,965,683 1,965,683 7,538 1,926,405 31,740 Other equity securities 26,152 26,152 - 26,152 - Loans held for sale 80,026 81,028 - 32,996 48,032 Loans held for investment 9,217,675 Less: allowance for loan and lease losses (221,518) Loans held for investment, net of allowance $ 8,996,157 8,817,476 - - 8,817,476 Derivatives, included in assets 136 136 - 136 - Liabilities: Deposits 9,504,576 9,505,374 - 9,505,374 - Securities sold under agreements to repurchase 700,000 758,855 - 758,855 - Advances from FHLB 325,000 325,813 - 325,813 - Other borrowings 226,492 136,762 - - 136,762 Derivatives, included in liabilities 102 102 - 102 - Total Carrying Amount in Statement of Financial Condition December 31, 2014 Fair Value Estimate December 31, 2014 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments $ 796,108 $ 796,108 $ 796,108 $ - $ - Investment securities available for sale 1,965,666 1,965,666 7,499 1,921,955 36,212 Other equity securities 25,752 25,752 - 25,752 - Loans held for sale 76,956 77,888 - 23,247 54,641 Loans held for investment 9,262,436 Less: allowance for loan and lease losses (222,395) Loans held for investment, net of allowance $ 9,040,041 8,844,659 - - 8,844,659 Derivatives, included in assets 39 39 - 39 - Liabilities: Deposits 9,483,945 9,486,325 - 9,486,325 - Securities sold under agreements to repurchase 900,000 958,715 - 958,715 - Advances from FHLB 325,000 324,376 - 324,376 - Notes Payable Other borrowings 231,959 162,344 - - 162,344 Derivatives, included in liabilities 187 187 - 187 -

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	3 Months Ended
	Jun. 30, 2015
SUPPLEMENTAL CASH FLOW INFORMATION	NOTE 22 – SUPPLEMENTAL CASH FLOW INFORMATION Supplemental cash flow information is as follows: Six-Month Period Ended June 30, 2015 2014 (In thousands) Cash paid for: Interest on borrowings $ 48,648 $ 51,817 Income tax 2,439 2,524 Non-cash investing and financing activities: Additions to other real estate owned 27,625 13,267 Additions to auto and other repossessed assets 39,928 43,091 Capitalization of servicing assets 2,547 2,069 Loan securitizations 130,999 104,236 Preferred stock exchanged for new common stock issued: Preferred stock exchanged (Series A through E) - 26,022 New common stock issued - 24,363 Trust preferred securities exchanged for new common stock issued: Trust preferred securities exchanged 5,303 - New common stock issued 5,628 - Fair value of assets acquired (liabilities assumed) in the Doral Bank transaction: Loans 311,410 - Premises and equipment, net 5,450 - Core Deposit intangible 5,820 - Deposits (523,517) -

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Jun. 30, 2015
SEGMENT INFORMATION	NOTE 23 – 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, 2015 , 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 consist s 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 conduc ted by the Corporation in the U S VI and BVI , including commerc ial and retail banking services. 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” in the audited consolidated financial statements of the Corporation for the year ended December 31, 2014 , which are included in the Corporation's 2014 Annual Report on F orm 10-K . 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, 2015: Interest income $ 36,296 $ 49,031 $ 32,753 $ 11,709 $ 12,017 $ 9,826 $ 151,632 Net (charge) credit for transfer of funds (12,347) 4,797 (3,893) 7,619 3,824 - - Interest expense - (5,853) - (14,522) (4,056) (724) (25,155) Net interest income 23,949 47,975 28,860 4,806 11,785 9,102 126,477 (Provision) release for loan and lease losses (7,944) (5,957) (63,722) - 3,275 82 (74,266) Non-interest income (loss) 4,232 11,952 555 (12,519) 730 1,720 6,670 Direct non-interest expenses (9,228) (32,462) (11,138) (1,045) (7,196) (8,871) (69,940) Segment income (loss) $ 11,009 $ 21,508 $ (45,445) $ (8,758) $ 8,594 $ 2,033 $ (11,059) Average earnings assets $ 2,669,391 $ 2,005,232 $ 2,916,014 $ 2,697,611 $ 984,329 $ 636,090 $ 11,908,667 (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 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total Six-Month Period Ended June 30, 2015: Interest income $ 70,172 $ 98,867 $ 67,556 $ 24,776 $ 23,248 $ 19,498 $ 304,117 Net (charge) credit for transfer of funds (23,583) 8,481 (7,688) 15,373 7,417 - - Interest expense - (11,510) - (30,529) (8,395) (1,559) (51,993) Net interest income 46,589 95,838 59,868 9,620 22,270 17,939 252,124 (Provision) release for loan and lease losses (14,907) (22,642) (72,815) - 5,408 (2,280) (107,236) Non-interest income (loss) 7,631 23,745 1,703 (12,619) 1,254 4,242 25,956 Direct non-interest expenses (17,293) (64,021) (19,117) (2,384) (14,379) (17,451) (134,645) Segment income (loss) $ 22,020 $ 32,920 $ (30,361) $ (5,383) $ 14,553 $ 2,450 $ 36,199 Average earnings assets $ 2,581,309 $ 1,971,815 $ 3,025,204 $ 2,730,699 $ 978,178 $ 637,617 $ 11,924,822 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 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, 2015 2014 2015 2014 Net (loss) income : Total (loss) income for segments and other $ (11,059) $ 45,773 $ 36,199 $ 91,343 Other non-interest (loss) gain (1) - (670) 13,443 (7,280) Other operating expenses (2) (32,859) (24,154) (59,882) (45,144) (Loss) income before income taxes (43,918) 20,949 (10,240) 38,919 Income tax benefit (expense) 9,844 276 1,812 (611) Total consolidated net (loss) income $ (34,074) $ 21,225 $ (8,428) $ 38,308 Average assets: Total average earning assets for segments $ 11,908,667 $ 12,013,689 $ 11,924,822 $ 12,054,854 Other average earning assets (1) - 152 - 3,343 Average non-earning assets 945,660 640,718 940,335 656,179 Total consolidated average assets $ 12,854,327 $ 12,654,559 $ 12,865,157 $ 12,714,376 (1) The bargain purchase gain on the acquisition of assets and assumption of deposits from Doral Bank in 2015 as well as the activities related to the Bank's equity interest in CPG/GS are presented as an Other non-interest income (loss) and the investment in CPG/GS is presented as Other average earning assets in the tables 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, 2015
REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES	NOTE 24 – 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 adverse 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 measur es 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 s and adjustment by the regulators with respect to minimum capital requirements, components, risk weightings , and other factors. FirstBank received notification from the FDIC that the Consent Order under which the Bank had been operating since June 2, 2010 was terminated effective April 29, 2015. Although the Consent Order has been terminated, First BanCorp. is still subject to the Written Agreement that the Corporation entered into with the Federal Reserve Bank of New York on June 3, 2010 . 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 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 C apital P lan s etting forth it s plans for how to improve capital positions to comply with the Written Agreement over time. In addition to the Capital Plan, the Corporation 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, 2015 , the Corporation had completed all of the items included in the Capital Plan and is continu ing to work on reduc ing non-performing loans . The Written Agreement also require s the submission to the regulators of quarterly progress reports. In July 2013, the U.S. banking regulators approved a revised regulatory capital framework for U.S. banking organizations (the “Basel III rules”) that is based on international regulatory capital requirements adopted by the Basel Committee on Banking Supervision over the past several years. The Basel III 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. The new minimum regulatory capital requirements and the Standardized Approach for the calculation of risk-weighted assets bec a me effective for the Corporation and FirstBank on January 1, 2015 . The phase - in period for c ertain deductions and adjustments to regulatory capital began on January 1, 2015 and will be completed on January 1, 2018. T he phase - in period for t he c apital conservation buffer requirements begins on January1 , 2016 and will be completed on January 1, 2019. The Basel III rules introduce a new and separate ratio of Common Equity Tier 1 capital (“CET1”) to risk-weighted assets. CET1, a narrower sub 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. Certain banking organizations, however, including the Corporation and FirstBank , we re allowed to make a one-time permanent election in early 2015 to continue to exclude AOCI items. The Corporation and FirstBank have elected to permanently exclude capital in AOCI 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 III rules require the Corporation to maintain an additional CET1 capital conservation buffer of 2.5 %. The capital conservation buffer must be maintained to avoid limitations on both ( i ) capital distributions (e.g. repurchases of capital instruments or dividend or interest payments on capital instruments ) , and (ii) discretionary bonus payments to executive officers and heads of major business lines. Under the fully phase d - in rules, 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 %, (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 %, (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 % , 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 conservation 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 III rules require a number of new deductions from and adjustments to CET1, including deductions from CET1 for certain intangible assets , and deferred tax assets dependent upon future taxable income ; the f our-year phase-in period for these adjustments generally began on January 1, 2015 . M ortgage servicing assets and deferred tax assets attributable to temporary differences , among others, are 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. In addition, the Federal Reserve Board 's Basel III rules 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 organizati ons such as the Corporation bega n to phase out TRuPs from Tier 1 capital on January 1, 2015. The Corporation is allowed to include 25% of the $ 22 0 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 III 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 previous 6 %); and (iii) eliminating the provision that allow ed 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 III rules do not change the total risk-based capital requirement ( 10 % for well - capitalized status) for any PCA capital category. The new PCA requirements bec a me effective on January 1, 2015. The Corporation and FirstB ank compute risk weighted assets using the S tandardized A pproach required by the Basel III rules. The S tandardized A pproach for risk-weightings has e xpand ed the risk-weighting categories from the four major risk-weighting categories under the previous 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 result s in higher risk weights for a variety of asset categories. Specific changes to the risk-weightings of assets 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%), (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 prior rules and (iv) requiring capital to be maintained against on-balance-sheet and off-balance-sheet exposures that result from certain cleared transactions, guarantees and credit derivatives, and collateralized transactions (such as repurchase agreement transactions) . The Corporation's and its banking subsidiary's regulatory capital positions as of June 30, 2015 and December 31, 2014 were as follows: Regulatory Requirements Actual For Capital Adequacy Purposes To be Well-Capitalized-Regular Thresholds Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2015 (Basel III) Total Capital (to Risk-Weighted Assets) First BanCorp. $ 1,789,088 19.44% $ 736,419 8% N/A N/A FirstBank $ 1,760,317 19.13% $ 736,084 8% $ 920,105 10% Common Equity Tier 1 Capital (to Risk-Weighted Assets) First BanCorp. $ 1,506,589 16.37% $ 414,236 4.5% N/A N/A FirstBank $ 1,454,512 15.81% $ 414,047 4.5% $ 598,068 6.5% Tier I Capital (to Risk-Weighted Assets) First BanCorp. $ 1,506,589 16.37% $ 552,314 6% N/A N/A FirstBank $ 1,642,643 17.85% $ 552,063 6% $ 736,084 8% Leverage ratio First BanCorp. $ 1,506,589 11.94% $ 504,930 4% N/A N/A FirstBank $ 1,642,643 13.03% $ 504,261 4% $ 630,327 5% As of December 31, 2014 (Basel I) Total Capital (to Risk-Weighted Assets) First BanCorp. $ 1,748,120 19.70% $ 709,723 8% N/A N/A FirstBank $ 1,717,432 19.37% $ 709,395 8% $ 886,744 10% Tier I Capital (to Risk-Weighted Assets) First BanCorp. $ 1,636,004 18.44% $ 354,861 4% N/A N/A FirstBank $ 1,605,367 18.10% $ 354,698 4% $ 532,046 6% Leverage ratio First BanCorp. $ 1,636,004 13.27% $ 493,159 4% N/A N/A FirstBank $ 1,605,367 13.04% $ 492,468 4% $ 615,585 5% 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 3 0 , 201 5 , commitments to extend credit amounted to approximately $ 1.1 billion, of which $ 647.1 million relates to credit card loans. Commercial and Financial standby letters of credit amounted to approximately $ 50 .2 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. Since certain commitments are expected to expire without being dr a wn upon, the total commitment amount does not necessarily represent future cash requirements. 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 3 0 , 201 5 , 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, 2015
FIRST BANCORP. (Holding Company Only) Financial Information	NOTE 25 – 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, 2015 and December 31, 2014 and the results of its operations for the quarters and six - month periods ended June 30, 2015 and 2014 . Statements of Financial Condition As of June 30, As of December 31, 2015 2014 (In thousands) Assets Cash and due from banks $ 29,317 $ 30,380 Money market investments 6,111 6,111 Investment securities available for sale, at market: Other investment securities 285 285 Loans held for investment, net 287 322 Investment in First Bank Puerto Rico, at equity 1,859,206 1,866,090 Investment in First Bank Insurance Agency, at equity 13,976 11,890 Investment in FBP Statutory Trust I 2,929 3,093 Investment in FBP Statutory Trust II 3,866 3,866 Other assets 4,317 4,357 Total assets $ 1,920,294 $ 1,926,394 Liabilities and Stockholders' Equity Liabilities: Other borrowings $ 226,492 $ 231,959 Accounts payable and other liabilities 25,582 22,692 Total liabilities 252,074 254,651 Stockholders' equity 1,668,220 1,671,743 Total liabilities and stockholders' equity $ 1,920,294 $ 1,926,394 Quarter Ended Six-Month Period Ended June 30, June 30, 2015 2014 2015 2014 (In thousands) (In thousands) Income: Interest income on money market investments $ 5 $ 5 $ 10 $ 10 Other income 325 55 381 108 330 60 391 118 Expense: Other borrowings 1,843 1,786 3,660 3,546 Other operating expenses 753 768 1,357 1,274 2,596 2,554 5,017 4,820 Loss before income taxes and equity in undistributed (losses) earnings of subsidiaries (2,266) (2,494) (4,626) (4,702) Income tax provision - (2) - (4) Equity in undistributed (losses) earnings of subsidiaries (31,808) 23,721 (3,802) 43,014 Net (loss) income $ (34,074) $ 21,225 $ (8,428) $ 38,308 Other Comprehensive (loss) income, net of tax (10,168) 27,790 (3,028) 50,329 Comprehensive (loss) income $ (44,242) $ 49,015 $ (11,456) $ 88,637

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jun. 30, 2015
SUBSEQUENT EVENTS	NOTE 26 – SUBSEQUENT EVENTS The Corporation has performed an evaluation of events occurring subsequent to June 30, 201 5 ; management has determined that there are no events occurring in this period that require disclosure in or adjustment to the accompanying financial statemen ts.

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
	Jun. 30, 2015
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, 2015 and 2014 are as follows: Quarter Ended Six-Month Period Ended June 30, June 30, 2015 2014 2015 2014 (In thousands, except per share information) Net (loss) income $ (34,074) $ 21,225 $ (8,428) $ 38,308 Favorable impact from issuing common stock in exchange for Series A through E preferred stock (1) - 1,280 0 1,659 Net (loss) income attributable to common stockholders $ (34,074) $ 22,505 $ (8,428) $ 39,967 Weighted-Average Shares: Average common shares outstanding 211,247 208,202 210,968 206,974 Average potential dilutive common shares - 1,942 - 1,543 Average common shares outstanding- assuming dilution 211,247 210,144 210,968 208,517 (Loss) earnings per common share: Basic $ (0.16) $ 0.11 $ (0.04) $ 0.19 Diluted $ (0.16) $ 0.11 $ (0.04) $ 0.19 (1) Excess of carrying amount of the Series A through E preferred stock exchanged over the fair value of new common shares issued in the second quarter and first half of 2014.

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	3 Months Ended
	Jun. 30, 2015
Business Combination Description [Abstract]
Business Combination [Table Text Block]	The Corporation accounted for this transaction as a business combination. The following table identifies the fair value of assets acquired and liabilities assumed from Doral Bank on February 27, 2015: Asset/Liabilities (at Fair Value) (In thousands) ASSETS Cash $ 217,659 Loans 311,410 Premises and equipment, net 5,450 Core Deposit Intangible 5,820 Other assets Total assets acquired 540,339 LIABILITIES Deposits 523,517 Other liabilities 3,379 Net assets - Bargain purchase gain $ 13,443

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Jun. 30, 2015
Activity of Stock Options	The activity of stock options granted under the 1997 stock option plan for the six-month period ended June 30, 2015 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 82,575 $ 187.75 Options expired (11,395) 358.80 Options cancelled (1,332) 164.10 End of period outstanding and exercisable 69,848 $ 160.30 1.1 $ -
Restricted Stock Activity Under Omnibus Plan	The following table summarizes the restricted stock activity in 2015 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 June 30, 2015 Number of shares Weighted-Average of restricted Grant Date stock Fair Value Non-vested shares at beginning of year 2,327,156 $ 3.39 Granted 824,032 3.93 Forfeited (17,500) 5.48 Vested (193,894) 5.07 Non-vested shares at June 30, 2015 2,939,794 $ 3.42

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Jun. 30, 2015
Investment Securities Available for Sale	June 30, 2015 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: After 1 to 5 years 7,542 - - 4 7,538 0.57 Obligations of U.S. government-sponsored agencies: After 1 to 5 years 296,226 - 333 2,152 294,407 1.31 After 5 to 10 years 119,563 - 108 1,647 118,024 1.93 Puerto Rico government obligations: After 1 to 5 years 28,488 11,245 - - 17,243 4.49 After 5 to 10 years 865 - - - 865 5.20 After 10 years 23,343 5,420 24 1,478 16,469 5.36 United States and Puerto Rico government obligations 476,027 16,665 465 5,281 454,546 1.85 Mortgage-backed securities: FHLMC certificates: After 1 to 5 years 397 - 40 - 437 4.95 After 10 years 311,364 - 1,781 2,019 311,126 2.15 311,761 - 1,821 2,019 311,563 2.16 GNMA certificates: Due within one year 14 - - - 14 3.36 After 1 to 5 years 138 - 8 - 146 4.23 After 5 to 10 years 72,606 - 3,074 - 75,680 3.56 After 10 years 248,554 - 16,106 26 264,634 3.90 321,312 - 19,188 26 340,474 3.82 FNMA certificates: After 1 to 5 years 3,285 - 110 - 3,395 3.37 After 5 to 10 years 21,804 - 480 270 22,014 2.74 After 10 years 805,202 - 6,929 8,050 804,081 2.33 830,291 - 7,519 8,320 829,490 2.35 Other mortgage pass-through trust certificates: Over 5 to 10 years 104 - - - 104 7.26 After 10 years 39,778 10,372 - - 29,406 2.18 39,882 10,372 - - 29,510 2.18 Total mortgage-backed securities 1,503,246 10,372 28,528 10,365 1,511,037 2.62 Other After 1 to 5 years 100 - - - 100 1.50 Total investment securities available for sale $ 1,979,373 $ 27,037 $ 28,993 $ 15,646 $ 1,965,683 2.43 December 31, 2014 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 0.11 Obligations of U.S. government-sponsored agencies: After 1 to 5 years 260,889 - 42 4,219 256,712 1.22 After 5 to 10 years 78,234 - 246 2,077 76,403 1.72 Puerto Rico government obligations: After 1 to 5 years 39,827 - - 12,419 27,408 4.49 After 5 to 10 years 886 - 1 - 887 5.20 After 10 years 20,498 - - 5,571 14,927 5.83 United States and Puerto Rico government obligations 407,832 - 290 24,286 383,836 1.86 Mortgage-backed securities: FHLMC certificates: After 10 years 315,311 - 1,743 1,260 315,794 2.17 GNMA certificates: After 1 to 5 years 39 - 1 - 40 3.26 After 5 to 10 years 17,108 - 501 - 17,609 3.65 After 10 years 338,842 - 20,957 - 359,799 3.83 355,989 - 21,459 - 377,448 3.83 FNMA certificates: After 1 to 5 years 4,160 - 181 - 4,341 3.40 After 5 to 10 years 9,584 - 521 5 10,100 3.49 After 10 years 837,597 - 7,756 4,854 840,499 2.36 851,341 - 8,458 4,859 854,940 2.37 Collateralized mortgage obligations issued or guaranteed by the FHLMC: Other mortgage pass-through trust certificates: Over 5 to 10 years 111 - 1 - 112 7.27 After 10 years 45,677 12,141 - - 33,536 2.17 45,788 12,141 1 - 33,648 2.17 Total mortgage-backed securities 1,568,429 12,141 31,661 6,119 1,581,830 2.66 Equity securities (without Total investment securities available for sale $ 1,976,261 $ 12,141 $ 31,951 $ 30,405 $ 1,965,666 2.49
Available-for-Sale Investments' Fair Value and Gross Unrealized Losses	As of June 30, 2015 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 $ - $ - $ 29,434 $ 18,143 $ 29,434 $ 18,143 U.S. Treasury and U.S. government agencies obligations 56,971 191 210,580 3,612 267,551 3,803 Mortgage-backed securities: FNMA 429,411 6,503 95,932 1,817 525,343 8,320 FHLMC 153,197 1,700 20,561 319 173,758 2,019 GNMA 1,052 26 - - 1,052 26 Collateralized mortgage obligations Other mortgage pass-through trust certificates - - 29,406 10,372 29,406 10,372 $ 640,631 $ 8,420 $ 385,913 $ 34,263 $ 1,026,544 $ 42,683 As of December 31, 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 $ - $ - $ 42,335 $ 17,990 $ 42,335 $ 17,990 U.S. government agencies obligations 46,436 74 257,996 6,222 304,432 6,296 Mortgage-backed securities: FNMA 2,038 5 541,642 4,854 543,680 4,859 FHLMC - - 135,277 1,260 135,277 1,260 Collateralized mortgage obligations Other mortgage pass-through trust certificates - - 33,536 12,141 33,536 12,141 $ 48,474 $ 79 $ 1,010,786 $ 42,467 $ 1,059,260 $ 42,546
OTTI Losses on Available-for-Sale Debt Securities	Quarter ended Six-Month Period Ended June 30, June 30, 2015 2014 2015 2014 (In thousands) Total other-than-temporary impairment losses $ (29,521) $ - $ (29,521) $ - Noncredit-related impairment portion recognized in OCI 16,665 16,665 Portion of other-than-temporary impairment losses previously recognized in OCI (241) - (397) - Net impairment losses recognized in earnings (1) $ (13,097) $ - $ (13,253) $ 0 (1) Approximately $12.9 million of the credit impairment recognized in earnings consisted of credit losses on Puerto Rico Government debt securities and $0.2 million was associated with credit losses on private label MBS.
Roll-Forward of Credit Losses on Debt Securities Held by Corporation	The following tables summarize the roll-forward of credit losses on debt securities held by the Corporation for which a portion of an OTTI is recognized in OCI: Cumulative OTTI credit losses recognized in earnings on securities still held Credit impairments Credit impairments recognized in earnings recognized in earnings on March 31, 2015 on securities not securities that have been June 30, 2015 Balance previously impaired previously impaired Balance (In thousands) Available for sale securities Puerto Rico government obligations $ - $ 12,856 $ - $ 12,856 Private label MBS 5,933 - 241 6,174 Total OTTI credit losses for available-for-sale debt securities $ 5,933 $ 12,856 $ 241 $ 19,030 Cumulative OTTI credit losses recognized in earnings on securities still held Credit impairments Credit impairments December 31, recognized in earnings recognized in earnings on 2014 on securities not securities that have been June 30, 2015 Balance previously impaired previously impaired Balance (In thousands) Available for sale securities Puerto Rico government obligations $ - $ 12,856 $ - $ 12,856 Private label MBS 5,777 - 397 6,174 Total OTTI credit losses for available-for-sale debt securities $ 5,777 $ 12,856 $ 397 $ 19,030 Cumulative OTTI credit losses recognized in earnings on securities still held Credit impairments Credit impairments recognized in earnings recognized in earnings on March 31, 2014 on securities not securities that have been June 30, 2014 Balance previously impaired previously impaired Balance (In thousands) Available for sale securities Private label MBS $ 5,389 $ - $ - $ 5,389 Cumulative OTTI credit losses recognized in earnings on securities still held Credit impairments Credit impairments December 31, recognized in earnings recognized in earnings on 2013 on securities not securities that have been June 30, 2014 Balance previously impaired previously impaired Balance (In thousands) Available for sale securities Private label MBS $ 5,389 $ - $ - $ 5,389
Significant Assumptions in Valuation of Private Label MBS	June 30, 2015 December 31, 2014 Weighted Weighted Average Range Average Range Discount rate 14.5% 14.5% 14.5% 14.5% Prepayment rate 29% 17.37%-100.00% 32% 19.89%-100.00% Projected Cumulative Loss Rate 6.9% 0.16%-80.00% 7.9% 0.64%-80.00%

LOAN PORTFOLIO (Tables)

LOAN PORTFOLIO (Tables)	3 Months Ended
	Jun. 30, 2015
Loan Portfolio Held for Investment	June 30, December 31, 2015 2014 (In thousands) Residential mortgage loans, mainly secured by first mortgages $ 3,327,350 $ 3,011,187 Commercial loans: Construction loans 120,848 123,480 Commercial mortgage loans 1,518,151 1,665,787 Commercial and Industrial loans (1) 2,352,111 2,479,437 Loans to a local financial institution collateralized by Total commercial loans 3,991,110 4,268,704 Finance leases 228,280 232,126 Consumer loans 1,670,935 1,750,419 Loans held for investment 9,217,675 9,262,436 Allowance for loan and lease losses (221,518) (222,395) Loans held for investment, net $ 8,996,157 $ 9,040,041 (1) As of June 30, 2015 and December 31, 2014, includes $1.0 billion and $1.1 billion, respectively, of commercial loans that are secured by real estate but are not dependent upon the real estate for repayment.
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 as of the indicated dates were as follows: (In thousands) June 30, December 31, 2015 2014 Non-performing loans: Residential mortgage $ 175,035 $ 180,707 Commercial mortgage 95,088 148,473 Commercial and Industrial 143,935 122,547 Construction: Land 12,877 15,030 Construction-residential 3,241 14,324 Consumer: Auto loans 17,689 22,276 Finance leases 3,257 5,245 Other consumer loans 12,451 15,294 Total non-performing loans held for investment (1) (2) (3) $ 463,573 $ 523,896 (1) As of June 30, 2015 and December 31, 2014, excludes $48.0 million and $54.6 million, respectively, of non-performing loans held for sale. (2) Amount excludes purchased-credit impaired ("PCI") loans with a carrying value of approximately $178.5 million and $102.6 million as of June 30, 2015 and December 31, 2014, respectively, primarily mortgage loans acquired from Doral Bank in the first quarter of 2015 and second quarter of 2014, as further discussed below. These loans are not considered non-performing due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using an estimated cash flow analysis. (3) Non-performing loans exclude $400.8 million and $494.6 million of Trouble Debt Restructuring ("TDR") loans that are in compliance with modified terms and in accrual status as of June 30, 2015 and December 31, 2014, respectively.
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, 2015 (In thousands) Current Residential mortgage: FHA/VA and other government-guaranteed loans (2) (3) (4) $ - $ 7,849 $ 90,923 $ 98,772 $ - $ 50,068 $ 148,840 $ 90,923 Other residential mortgage loans (4) - 86,553 193,275 279,828 175,234 2,723,448 3,178,510 18,240 Commercial: Commercial and Industrial loans 43,946 18,387 176,473 238,806 - 2,113,305 2,352,111 32,538 Commercial mortgage loans (4) - 21,990 128,567 150,557 3,260 1,364,334 1,518,151 33,479 Construction: Land (4) - 209 13,068 13,277 - 38,337 51,614 191 Construction-commercial (4) - - - - - 39,142 39,142 - Construction-residential (4) - - 3,241 3,241 - 26,851 30,092 - Consumer: Auto loans 76,736 19,045 17,689 113,470 - 882,678 996,148 - Finance leases 10,282 2,754 3,257 16,293 - 211,987 228,280 - Other consumer loans 9,334 5,359 15,399 30,092 - 644,695 674,787 2,948 Total loans held for investment $ 140,298 $ 162,146 $ 641,892 $ 944,336 $ 178,494 $ 8,094,845 $ 9,217,675 $ 178,319 _____________ (1) Includes non-performing loans and accruing loans which 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 $37.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of June 30, 2015. (3) As of June 30, 2015, includes $28.1 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, construction-commercial loans and construction-residential loans past due 30-59 days as of June 30, 2015 amounted to $10.3 million, $181.6 million, $16.2 million, $2.9 million, $5.2 million, and $3.1 million, respectively. As of December 31, 2014 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) $ - $ 9,733 $ 81,055 $ 90,788 $ - $ 62,782 $ 153,570 $ 81,055 Other residential mortgage loans (4) - 78,336 199,078 277,414 98,494 2,481,709 2,857,617 18,371 Commercial: Commercial and Industrial loans 22,217 7,445 143,928 173,590 - 2,305,847 2,479,437 21,381 Commercial mortgage loans (4) - 15,482 171,281 186,763 3,393 1,475,631 1,665,787 22,808 Construction: Land (4) - 210 15,264 15,474 - 40,447 55,921 234 Construction-commercial - - - - - 24,562 24,562 - Construction-residential (4) - - 14,324 14,324 - 28,673 42,997 - Consumer: Auto loans 77,385 19,665 22,276 119,326 - 941,456 1,060,782 - Finance leases 8,751 2,734 5,245 16,730 - 215,396 232,126 - Other consumer loans 9,801 6,054 18,671 34,526 717 654,394 689,637 3,377 Total loans held for investment $ 118,154 $ 139,659 $ 671,122 $ 928,935 $ 102,604 $ 8,230,897 $ 9,262,436 $ 147,226 ____________ (1) Includes non-performing loans and accruing loans which 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 $40.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of December 31, 2014. (3) As of December 31, 2014, includes $9.3 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 as of December 31, 2014 amounted to $14.0 million, $189.1 million, $20.8 million, $0.8 million and $1.0 million, respectively.
Corporation's Credit Quality Indicators by Loan	The Corporation’s credit quality indicators by loan type as of June 30, 2015 and December 31, 2014 are summarized below: Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness category: Substandard Doubtful Loss Total Adversely Classified (1) Total Portfolio June 30, 2015 (In thousands) Commercial mortgage $ 161,579 $ 117 $ - $ 161,696 $ 1,518,151 Construction: Land 14,500 1 - 14,501 51,614 Construction-commercial 11,490 - - 11,490 39,142 Construction-residential 3,241 - - 3,241 30,092 Commercial and Industrial 218,604 896 523 220,023 2,352,111 Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness category: Substandard Doubtful Loss Total Adversely Classified (1) Total Portfolio December 31, 2014 (In thousands) Commercial mortgage $ 273,027 $ 897 $ - $ 273,924 $ 1,665,787 Construction: Land 16,915 - - 16,915 55,921 Construction-commercial 11,790 - - 11,790 24,562 Construction-residential 13,548 776 - 14,324 42,997 Commercial and Industrial 234,926 4,884 801 240,611 2,479,437 _________ (1) Excludes $48.0 million ($7.8 million land, $39.1 million construction-commercial, $0.9 million construction-residential and $0.2 million commercial mortgage) and $54.6 million ($7.8 million land, $39.1 million construction-commercial, $0.9 million construction-residential and $6.8 million commercial mortgage) as of June 30, 2015 and December 31, 2014, respectively, of non-performing loans held for sale. June 30, 2015 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 $ 148,840 $ 2,828,241 $ 978,459 $ 225,023 $ 662,336 Purchased Credit-Impaired (2) - 175,234 - - - Non-performing - 175,035 17,689 3,257 12,451 Total $ 148,840 $ 3,178,510 $ 996,148 $ 228,280 $ 674,787 (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 $37.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of June 30, 2015. (2) PCI loans are excluded from non-performing statistics due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analysis. December 31, 2014 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 $ 153,570 $ 2,578,416 $ 1,038,506 $ 226,881 $ 673,626 Purchased Credit-Impaired (2) - 98,494 - - 717 Non-performing - 180,707 22,276 5,245 15,294 Total $ 153,570 $ 2,857,617 $ 1,060,782 $ 232,126 $ 689,637 (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 $40.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of December 31, 2014. (2) PCI loans are excluded from non-performing statistics due to the application of the accretion method, under 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 June 30, 2015 Recorded Investment Unpaid Principal Balance Related Specific Allowance Year-To-Date Average Recorded Investment Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis As of June 30, 2015 With no related allowance recorded: FHA/VA-Guaranteed loans $ - $ - $ - $ - $ - $ - $ - $ - Other residential mortgage loans 69,148 79,066 - 70,366 167 249 253 359 Commercial: Commercial mortgage loans 84,629 92,873 - 85,119 436 469 823 924 Commercial and Industrial Loans 30,020 32,406 - 30,393 7 249 14 449 Construction: Land - - - - - - - - Construction-commercial - - - - - - - - Construction-residential 4,107 4,610 - 4,134 41 - 82 - Consumer: Auto loans - - - - - - - - Finance leases - - - - - - - - Other consumer loans 2,645 4,068 - 2,745 1 35 1 60 $ 190,549 $ 213,023 $ - $ 192,757 $ 652 $ 1,002 $ 1,173 $ 1,792 With an allowance recorded: FHA/VA-Guaranteed loans $ - $ - $ - $ - $ - $ - $ - $ - Other residential mortgage loans 378,163 423,151 17,136 379,766 4,219 465 8,383 1,000 Commercial: Commercial mortgage loans 46,114 61,162 6,711 48,006 128 88 236 257 Commercial and Industrial Loans 153,099 177,798 15,510 156,788 606 480 1,193 1,848 Construction: Land 9,949 13,946 1,232 10,037 13 51 26 63 Construction-commercial 11,491 11,491 926 11,690 123 - 251 - Construction-residential 643 853 98 644 - - - - Consumer: Auto loans 18,805 18,805 6,501 19,730 357 - 694 - Finance leases 2,381 2,381 184 2,401 44 - 92 - Other consumer loans 13,622 13,892 1,620 14,119 1 719 1 1,072 $ 634,267 $ 723,479 $ 49,918 $ 643,181 $ 5,491 $ 1,803 $ 10,876 $ 4,240 Total: FHA/VA-Guaranteed loans $ - $ - $ - $ - $ - $ - $ - $ - Other residential mortgage loans 447,311 502,217 17,136 450,132 4,386 714 8,636 1,359 Commercial: Commercial mortgage loans 130,743 154,035 6,711 133,125 564 557 1,059 1,181 Commercial and Industrial Loans 183,119 210,204 15,510 187,181 613 729 1,207 2,297 Construction: Land 9,949 13,946 1,232 10,037 13 51 26 63 Construction-commercial 11,491 11,491 926 11,690 123 - 251 - Construction-residential 4,750 5,463 98 4,778 41 - 82 - Consumer: Auto loans 18,805 18,805 6,501 19,730 357 - 694 - Finance leases 2,381 2,381 184 2,401 44 - 92 - Other consumer loans 16,267 17,960 1,620 16,864 2 754 2 1,132 $ 824,816 $ 936,502 $ 49,918 $ 835,938 $ 6,143 $ 2,805 $ 12,049 $ 6,032 (In thousands) Recorded Investments Unpaid Principal Balance Related Specific Allowance Year-To-Date Average Recorded Investment As of December 31, 2014 With no related allowance recorded: FHA/VA-Guaranteed loans $ - $ - $ - $ - Other residential mortgage loans 74,177 80,522 - 75,711 Commercial: Commercial mortgage loans 109,271 132,170 - 113,674 Commercial and Industrial Loans 41,131 47,647 - 42,011 Construction: Land 2,994 6,357 - 3,030 Construction-commercial - - - - Construction-residential 7,461 10,100 - 8,123 Consumer: Auto loans - - - - Finance leases - - - - Other consumer loans 3,778 5,072 - 3,924 $ 238,812 $ 281,868 $ - $ 246,473 With an allowance recorded: FHA/VA-Guaranteed loans $ - $ - $ - $ - Other residential mortgage loans 350,067 396,203 10,854 357,129 Commercial: Commercial mortgage loans 101,467 116,329 14,289 104,191 Commercial and Industrial Loans 195,240 226,431 21,314 198,930 Construction: Land 9,120 12,821 794 10,734 Construction-commercial 11,790 11,790 790 11,867 Construction-residential 8,102 8,834 993 8,130 Consumer: Auto loans 16,991 16,991 2,787 18,504 Finance leases 2,181 2,181 253 2,367 Other consumer loans 11,637 12,136 3,131 12,291 $ 706,595 $ 803,716 $ 55,205 $ 724,143 Total: FHA/VA-Guaranteed loans $ - $ - $ - $ - Other residential mortgage loans 424,244 476,725 10,854 432,840 Commercial: Commercial mortgage loans 210,738 248,499 14,289 217,865 Commercial and Industrial Loans 236,371 274,078 21,314 240,941 Construction: Land 12,114 19,178 794 13,764 Construction-commercial 11,790 11,790 790 11,867 Construction-residential 15,563 18,934 993 16,253 Consumer: Auto loans 16,991 16,991 2,787 18,504 Finance leases 2,181 2,181 253 2,367 Other consumer loans 15,415 17,208 3,131 16,215 $ 945,407 $ 1,085,584 $ 55,205 $ 970,616 Interest income of approximately $9.1 million ($6.7 million accrual basis and $2.4 million cash basis) and $17.1 million ($13.1 million accrual basis and $4.0 million cash basis) was recognized on impaired loans for the second quarter and six-month period ended June 30, 2014, respectively.
Activity for Impaired loans	The following tables show the activity for impaired loans and the related specific reserve for the quarters and six-month periods ended June 30, 2015 and 2014: Quarter Ended Six-Month Period Ended June 30, 2015 (In thousands) Impaired Loans: Balance at beginning of period $ 954,981 $ 945,407 Loans determined impaired during the period 34,889 97,822 Charge-offs (1) (70,813) (82,528) Loans sold, net of charge-offs (66,699) (67,836) Increases to impaired loans-additional disbursements 1,597 2,116 Foreclosures (10,234) (20,186) Loans no longer considered impaired (3,287) (13,185) Paid in full or partial payments (15,618) (36,794) Balance at end of period $ 824,816 $ 824,816 (1) Includes $63.9 million of charge-offs related to a bulk sale of assets, mostly comprised of non-performing and adversely classified commercial loans, further discussed below. Quarter Ended Six-Month Period Ended June 30, 2014 (In thousands) Impaired Loans: Balance at beginning of period $ 879,388 $ 919,112 Loans determined impaired during the period 98,966 153,243 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 June 30, 2015 (In thousands) Specific Reserve: Balance at beginning of period $ 62,140 $ 55,205 Provision for loan losses 53,707 72,357 Net charge-offs (65,929) (77,644) Balance at end of period $ 49,918 $ 49,918 Quarter Ended Six-Month Period Ended June 30, 2014 (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 Bank in the first quarter of 2015 accounted for pursuant to ASC310-30 as of the acquisition date: (In thousands) Contractually- required principal and interest $ 166,947 Less: Nonaccretable difference (48,739) Cash flows expected to be collected 118,208 Less: Accretable yield (38,319) Fair value of loans acquired in 2015 (1) $ 79,889 _________ (1) Amounts are estimates based on the best information available at the acquisition date and adjustments in future quarters may occur up to one year from the date of acquisition.
Carrying Value of Acquired Loans	The carrying amount of PCI loans follows: June 30, December 31, 2015 2014 (In thousands) Residential mortgage loans $ 175,234 $ 98,494 Commercial mortgage loans 3,260 3,393 Credit Cards - 717 Total PCI loans $ 178,494 $ 102,604 Allowance for loan losses (3,164) - Total PCI loans, net of allowance for loan losses $ 175,330 $ 102,604
Accretable Yield	Changes in the accretable yield of PCI loans for the quarter and six-month period ended June 30, 2015 and 2014 were as follows: Quarter ended June 30, 2015 Quarter ended June 30, 2014 Six-month period ended June 30, 2015 Six-month period ended June 30, 2014 (In thousands) Balance at beginning of period $ 118,502 $ - $ 82,460 $ - Additions (accretable yield at acquisition of loans from Doral) - 86,759 38,319 86,759 Accretion recognized in earnings (3,007) (612) (5,284) (612) Reclassification from non accretable 8,793 - 8,793 - Balance at end of period $ 124,288 $ 86,147 $ 124,288 $ 86,147
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: June 30, 2015 (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 $ 27,229 $ 5,265 $ 295,997 $ - $ 46,830 $ 375,321 Commercial Mortgage Loans 24,324 1,824 21,332 - 12,485 59,965 Commercial and Industrial Loans 4,224 75,851 28,653 3,042 45,278 157,048 Construction Loans: Land - 233 2,067 - 591 2,891 Construction-residential - - 3,079 - 432 3,511 Consumer Loans - Auto - 1,343 10,698 - 6,764 18,805 Finance Leases - 623 1,758 - - 2,381 Consumer Loans - Other 37 795 11,807 329 1,871 14,839 Total Troubled Debt Restructurings (2) $ 55,814 $ 85,934 $ 375,391 $ 3,371 $ 114,251 $ 634,761 (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 $39.1 million as of June 30, 2015 December 31, 2014 (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 $ 24,850 $ 5,859 $ 283,317 $ - $ 35,749 $ 349,775 Commercial Mortgage Loans 29,881 12,737 72,493 - 12,655 127,766 Commercial and Industrial Loans 7,533 80,642 31,553 3,074 49,124 171,926 Construction Loans: Land - 202 1,732 - 536 2,470 Construction-residential 6,154 337 3,112 - 434 10,037 Consumer Loans - Auto - 380 10,363 - 6,248 16,991 Finance Leases - 376 1,805 - - 2,181 Consumer Loans - Other 37 129 10,812 443 1,886 13,307 Total Troubled Debt Restructurings (2) $ 68,455 $ 100,662 $ 415,187 $ 3,517 $ 106,632 $ 694,453 (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 $45.7 million as of December 31, 2014.
Corporation's TDR Activity	The following table presents the Corporation's TDR activity: (In thousands) Quarter Ended Six-Month Period Ended June 30, 2015 Beginning balance of TDRs $ 705,123 $ 694,453 New TDRs 34,195 65,796 Increases to existing TDRs - additional disbursements - 335 Charge-offs post modification (1) (49,599) (53,380) Sales, net of charge-offs (44,048) (44,048) Foreclosures (3,096) (10,252) Paid-off and partial payments (7,814) (18,143) Ending balance of TDRs $ 634,761 $ 634,761 (1) Includes $45.3 million of charge-offs related to TDRs included in the bulk sale of assets. (In thousands) Quarter Ended Six-Month Period Ended June 30, 2014 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) June 30, 2015 Accrual Nonaccrual (1) (2) Total TDRs Non-FHA/VA Residential Mortgage loans $ 288,759 $ 86,562 $ 375,321 Commercial Mortgage Loans 29,900 30,065 59,965 Commercial and Industrial Loans 51,426 105,622 157,048 Construction Loans: Land 688 2,203 2,891 Construction-residential 3,079 432 3,511 Consumer Loans - Auto 12,254 6,551 18,805 Finance Leases 2,153 228 2,381 Consumer Loans - Other 12,575 2,264 14,839 Total Troubled Debt Restructurings $ 400,834 $ 233,927 $ 634,761 (1) Included in non-accrual loans are $96.7 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 $39.1 million as of June 30, 2015. (In thousands) December 31, 2014 Accrual Nonaccrual (1) (2) Total TDRs Non- FHA/VA Residential Mortgage loans $ 266,810 $ 82,965 $ 349,775 Commercial Mortgage Loans 69,374 58,392 127,766 Commercial and Industrial Loans 131,544 40,382 171,926 Construction Loans: Land 834 1,636 2,470 Construction-residential 3,448 6,589 10,037 Consumer Loans - Auto 10,558 6,433 16,991 Finance Leases 1,926 255 2,181 Consumer Loans - Other 10,146 3,161 13,307 Total Troubled Debt Restructurings $ 494,640 $ 199,813 $ 694,453 (1) Included in non-accrual loans are $52.8 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 $45.7 million as of December 31, 2014.
Schedule Of Troubled Debt Restructurings Table [Text Block]	(Dollars in thousands) Quarter ended June 30, 2015 Number of contracts Pre-modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled Debt Restructurings: Non-FHA/VA Residential Mortgage loans 171 $ 28,647 $ 27,136 Commercial Mortgage Loans 1 131 131 Commercial and Industrial Loans 2 1,316 898 Construction Loans: Land 5 430 427 Consumer Loans - Auto 198 3,214 3,137 Finance Leases 16 461 454 Consumer Loans - Other 355 2,015 2,012 Total Troubled Debt Restructurings 748 $ 36,214 $ 34,195 (Dollars in thousands) Six-Month period ended June 30, 2015 Number of contracts Pre-modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled Debt Restructurings: Non-FHA/VA Residential Mortgage loans 252 $ 40,142 $ 38,401 Commercial Mortgage Loans 9 12,952 13,062 Commercial and Industrial Loans 3 2,997 2,579 Construction Loans: Land 6 494 491 Consumer Loans - Auto 344 5,387 5,267 Finance Leases 24 694 638 Consumer Loans - Other 732 5,406 5,358 Total Troubled Debt Restructurings 1,370 $ 68,072 $ 65,796 (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 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 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
Loan Modifications Considered Troubled Debt Restructurings Defaulted	Quarter ended June 30, (Dollars in thousands) 2015 2014 Number of contracts Recorded Investment Number of contracts Recorded Investment Non-FHA/VA Residential Mortgage loans 15 $ 2,129 19 $ 2,267 Construction Loans: Land - - 1 46 Consumer Loans - Auto 5 32 18 286 Consumer Loans - Other 37 141 53 205 Finance Leases 2 25 - - Total 59 $ 2,327 91 $ 2,804 Six-Month Period Ended June 30, (Dollars in thousands) 2015 2014 Number of contracts Recorded Investment Number of contracts Recorded Investment Non-FHA/VA Residential Mortgage loans 27 $ 3,902 33 $ 4,819 Commercial and Industrial Loans 4 5,745 - - Construction Loans: Land - - 1 46 Consumer Loans - Auto 7 40 22 325 Consumer Loans - Other 90 370 98 381 Finance Leases 3 40 - - Total 131 $ 10,097 154 $ 5,571
Loan Restructuring and Effect on Allowance for Loan and Lease Losses	(In thousands) June 30, 2015 June 30, 2014 Principal balance deemed collectible at end of period $ 41,000 $ 62,159 Amount (recovery) charged off $ - $ (4,106) (Reductions) charges to the provision for loan losses $ (62) $ (4,725) Allowance for loan losses at end of period $ 669 $ 942
Past Due Purchased Credit Impaired Table [Text Block]	The following tables present PCI loans by past due status as of June 30, 2015 and December 31, 2014: As of June 30, 2015 30-59 Days 60-89 Days 90 days or more Total Past Due Total PCI loans (In thousands) Current Residential mortgage loans (1) $ - $ 16,775 $ 17,820 $ 34,595 $ 140,639 $ 175,234 Commercial mortgage loans (1) - - 408 408 2,852 3,260 Credit Cards - - - - - - $ - $ 16,775 $ 18,228 $ 35,003 $ 143,491 $ 178,494 _____________ (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 as of June 30, 2015 amounted to $31.5 million and $0.8 million, respectively. As of December 31, 2014 30-59 Days 60-89 Days 90 days or more Total Past Due Total PCI loans (In thousands) Current Residential mortgage loans (1) $ - $ 12,571 $ 15,176 $ 27,747 $ 70,747 $ 98,494 Commercial mortgage loans (1) - 356 443 799 2,594 3,393 Credit Cards 47 25 42 114 603 717 $ 47 $ 12,952 $ 15,661 $ 28,660 $ 73,944 $ 102,604 (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 as of December 31, 2014 amounted to $16.6 million and $0.8 million, respectively.
Changes In Carrying Amount Of Purchased Credit Impaired Loans Table [Text Block]	Changes in the carrying amount of loans accounted for pursuant to ASC 310-30 follows: Quarter Ended Six-Month Period Ended June 30, 2015 June 30, 2015 (In thousands) Balance at beginning of period $ 181,114 $ 102,604 Additions (1) - 79,889 Accretion 3,007 5,284 Collections and charge-offs (5,627) (9,283) Ending balance $ 178,494 $ 178,494 Allowance for loan losses (3,164) (3,164) Ending balance, net of allowance for loan losses $ 175,330 $ 175,330 (1) Represents the estimated fair value of the PCI loans acquired from Doral at the date of acquisition.

ALLOWANCE FOR LOAN AND LEASE 40

ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)	3 Months Ended
	Jun. 30, 2015
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, 2015 Allowance for loan and lease losses: Beginning balance $ 28,682 $ 45,027 $ 70,179 $ 13,639 $ 68,537 $ 226,064 Charge-offs (3,529) (46,432) (24,370) (4,079) (14,538) (92,948) Recoveries 272 4,767 3,953 1,996 3,148 14,136 Provision 8,358 44,278 15,590 309 5,731 74,266 Ending balance $ 33,783 $ 47,640 $ 65,352 $ 11,865 $ 62,878 $ 221,518 Ending balance: specific reserve for impaired loans $ 17,136 $ 6,711 $ 15,510 $ 2,256 $ 8,305 $ 49,918 Ending balance: purchased credit-impaired loans $ 3,061 $ 102 $ - $ - $ - $ 3,163 Ending balance: general allowance $ 13,586 $ 40,827 $ 49,842 $ 9,609 $ 54,573 $ 168,437 Loans held for investment: Ending balance $ 3,327,350 $ 1,518,151 $ 2,352,111 $ 120,848 $ 1,899,215 $ 9,217,675 Ending balance: impaired loans $ 447,311 $ 130,743 $ 183,119 $ 26,190 $ 37,453 $ 824,816 Ending balance: purchased credit-impaired loans $ 175,234 $ 3,260 $ - $ - $ - $ 178,494 Ending balance: loans with general allowance $ 2,704,805 $ 1,384,148 $ 2,168,992 $ 94,658 $ 1,861,762 $ 8,214,365 (In thousands) Residential Mortgage Loans Commercial Mortgage Loans Commercial & Industrial Loans Construction Loans Consumer Loans Total Six-Month period ended June 30, 2015 Allowance for loan and lease losses: Beginning balance $ 27,301 $ 50,894 $ 63,721 $ 12,822 $ 67,657 $ 222,395 Charge-offs (8,721) (50,438) (28,823) (4,684) (32,295) (124,961) Recoveries 370 5,043 4,511 2,203 4,721 16,848 Provision 14,833 42,141 25,943 1,524 22,795 107,236 Ending balance $ 33,783 $ 47,640 $ 65,352 $ 11,865 $ 62,878 $ 221,518 Ending balance: specific reserve for impaired loans $ 17,136 $ 6,711 $ 15,510 $ 2,256 $ 8,305 $ 49,918 Ending balance: purchased credit-impaired loans $ 3,061 $ 102 $ - $ - $ - $ 3,163 Ending balance: general allowance $ 13,586 $ 40,827 $ 49,842 $ 9,609 $ 54,573 $ 168,437 Loans held for investment: Ending balance $ 3,327,350 $ 1,518,151 $ 2,352,111 $ 120,848 $ 1,899,215 $ 9,217,675 Ending balance: impaired loans $ 447,311 $ 130,743 $ 183,119 $ 26,190 $ 37,453 $ 824,816 Ending balance: purchased credit-impaired loans $ 175,234 $ 3,260 $ - $ - $ - $ 178,494 Ending balance: loans with general allowance $ 2,704,805 $ 1,384,148 $ 2,168,992 $ 94,658 $ 1,861,762 $ 8,214,365 (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

LOANS HELD FOR SALE (Tables)

LOANS HELD FOR SALE (Tables)	3 Months Ended
	Jun. 30, 2015
Portfolio of Loans Held for Sale	(In thousands) June 30, 2015 December 31, 2014 Residential mortgage loans $ 31,994 $ 22,315 Construction loans 47,802 47,802 Commercial mortgage loans 230 6,839 Total $ 80,026 $ 76,956

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	3 Months Ended
	Jun. 30, 2015
Text Block [Abstract]
Schedule Of Other Real Estate Assets And Foreclosed Properties [Table Text Block]	The following table presents OREO inventory as of the dates indicated: June 30, December 31, (In thousands) 2015 2014 OREO OREO balances, carrying value: FHA/VA-Guaranteed (1) $ 7,274 $ 7,059 Other residential 25,954 22,520 Commercial 72,528 75,654 Construction 16,373 18,770 Total $ 122,129 $ 124,003 (1) As of June 30, 2015, excludes $0.1 million of foreclosures completed in 2015 that meet the conditions of ASC 310-40 and are presented as a receivable (other assets) in the statement of financial condition.

DERIVATIVE INSTRUMENTS AND HE43

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Jun. 30, 2015
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, 2015 2014 (In thousands) Undesignated economic hedges: Interest rate contracts: Interest rate swap agreements $ - $ 5,440 Written interest rate cap agreements 36,481 37,132 Purchased interest rate cap agreements 36,481 37,132 Forward Contracts: Sale of GNMA TBAs 44,000 19,000 $ 116,962 $ 98,704 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 2015 2014 2015 2014 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 $ - $ 33 Accounts payable and other liabilities $ - $ 33 Written interest rate cap agreements Other assets - - Accounts payable and other liabilities - 6 Purchased interest rate cap agreements Other assets - 6 Accounts payable and other liabilities - - Forward Contracts: Sales of GNMA TBAs Other assets 136 - Accounts payable and other liabilities 102 148 $ 136 $ 39 $ 102 $ 187
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 2015 2014 2015 2014 Undesignated economic hedges: Interest rate contracts: Interest rate swap agreements Interest income - Loans $ - $ 261 $ - $ 574 Forward contracts: Sales of GNMA TBAs Mortgage banking activities 254 (237) 182 (402) Total gain on derivatives $ 254 $ 24 $ 182 $ 172
Summary of Interest Rate Swaps	As of As of June 30, December 31, 2015 2014 (Dollars in thousands) Pay fixed/receive floating : Notional amount (1) $ - $ 5,440 Weighted-average receive rate at period end - 2.03% Weighted-average pay rate at period end - 3.45% ________________________ (1) The remaining interest rate swap with a notional amount of $5.4 million matured during the second quarter of 2015. As of June 30, 2015 the Corporation had not entered into any derivative instrument containing credit-risk related contingent features.

OFFSETTING OF ASSETS AND LIAB44

OFFSETTING OF ASSETS AND LIABILITIES (Tables)	3 Months Ended
	Jun. 30, 2015
Text Block [Abstract]
Offsetting of assets and liabilties	Offsetting of Financial Assets and Derivative Assets (In thousands) As of June 30, 2015 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 Securities purchased under agreements to resell $ 200,000 $ (200,000) $ - $ - $ - $ - As of December 31, 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 $ 6 $ - $ 6 $ (6) $ - $ - Offsetting of Financial Liabilities and Derivative Liabilities (In thousands) As of June 30, 2015 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 Securities sold under agreements to repurchase $ 600,000 $ (200,000) $ 400,000 $ (400,000) $ - $ - As of December 31, 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 $ 33 $ - $ 33 $ (33) $ - $ - Securities sold under agreements to repurchase 600,000 - 600,000 (600,000) - - Total $ 600,033 $ - $ 600,033 $ (600,033) $ - $ -

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES (Tables)	3 Months Ended
	Jun. 30, 2015
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, 2015 2014 (Dollars in thousands) Core deposit intangible: Gross amount, beginning of period $ 45,844 $ 45,844 Addition as a result of acquisition 5,820 0 Accumulated amortization (41,381) (40,424) Net carrying amount $ 10,283 $ 5,420 Remaining amortization period 9.7 years 8.4 years Purchased credit card relationship intangible: Gross amount $ 24,465 $ 24,465 Accumulated amortization (9,611) (8,076) Net carrying amount $ 14,854 $ 16,389 Remaining amortization period 6.4 years 6.9 years The estimated aggregate amortization expense related to these intangible assets for future periods is as follows: Amount (In thousands) 2015 $ 2,652 2016 4,884 2017 4,270 2018 3,313 2019 and after 10,018

NON-CONSOLIDATED VARIABLE INT46

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS (Tables)	3 Months Ended
	Jun. 30, 2015
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, 2015 and 2014: Quarter Ended Six-Month Period Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 (In thousands) (In thousands) Revenues, including net realized gains on sale of investments in loans and OREO $ 944 $ 2,118 $ 1,531 $ 2,869 Gross (loss) profit $ (2,657) $ (455) $ (10,897) $ (1,963) Net loss $ (2,522) $ (2,355) $ (10,273) $ (4,802)
Changes in Servicing Assets	The changes in servicing assets are shown below: Quarter ended Six-Month period ended June 30, June 30, (In thousands) 2015 2014 2015 2014 Balance at beginning of period $ 22,973 $ 22,026 $ 22,838 $ 21,987 Capitalization of servicing assets 1,474 1,017 2,547 2,069 Amortization (795) (790) (1,651) (1,573) Adjustment to fair value (109) 39 (147) (180) Other (1) (24) (22) (68) (33) Balance at end of period $ 23,519 $ 22,270 $ 23,519 $ 22,270 (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, (In thousands) 2015 2014 2015 2014 Balance at beginning of period $ 93 $ 431 $ 55 $ 212 Temporary impairment charges 128 24 186 243 Recoveries (19) (63) (39) (63) Balance at end of period $ 202 $ 392 $ 202 $ 392
Components of Net Servicing Income	The components of net servicing income are shown below: Quarter ended Six-Month Period Ended June 30, June 30, (In thousands) 2015 2014 2015 2014 Servicing fees $ 1,780 $ 1,689 $ 3,544 $ 3,360 Late charges and prepayment penalties 177 177 367 341 Adjustment for loans repurchased (24) (22) (68) (33) Other (1) (14) (689) (103) (1,047) Servicing income, gross 1,919 1,155 3,740 2,621 Amortization and impairment of servicing assets (904) (751) (1,798) (1,753) Servicing income, net $ 1,015 $ 404 $ 1,942 $ 868 (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 of the related mortgages ranged as follows: Maximum Minimum Six-Month Period Ended June 30, 2015: Constant prepayment rate: Government guaranteed mortgage loans 9.2 % 7.9 % Conventional conforming mortgage loans 9.0 % 7.9 % Conventional non-conforming mortgage loans 14.0 % 12.9 % Discount rate: Government guaranteed mortgage loans 11.5 % 11.5 % Conventional conforming mortgage loans 9.5 % 9.5 % Conventional non-conforming mortgage loans 13.8 % 13.8 % 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 %
Weighted-Averages of Key Economic Assumptions in Valuation Model	(Dollars in thousands) Carrying amount of servicing assets $ 23,519 Fair value $ 26,429 Weighted-average expected life (in years) 9.40 Constant prepayment rate (weighted-average annual rate) 9.16% Decrease in fair value due to 10% adverse change $ 881 Decrease in fair value due to 20% adverse change $ 1,713 Discount rate (weighted-average annual rate) 10.63% Decrease in fair value due to 10% adverse change $ 1,130 Decrease in fair value due to 20% adverse change $ 2,173

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
	Jun. 30, 2015
Summary of Deposit Balances	The following table summarizes deposit balances: June 30, December 31, 2015 2014 (In thousands) Type of account: Non-interest bearing checking accounts $ 1,271,464 $ 900,616 Savings accounts 2,549,230 2,450,484 Interest-bearing checking accounts 1,063,381 1,054,136 Certificates of deposit 2,289,688 2,191,663 Brokered CDs 2,330,813 2,887,046 $ 9,504,576 $ 9,483,945
Brokered Certificates Of Deposit Mature	Brokered CDs mature as follows: June 30, 2015 (In thousands) Three months or less $ 564,546 Over three months to six months 514,170 Over six months to one year 570,971 One to three years 645,059 Three to five years - Over five years 36,067 Total $ 2,330,813
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, 2015 2014 2015 2014 (In thousands) Interest expense on deposits $ 16,096 $ 17,750 $ 32,455 $ 36,264 Accretion of premium from acquisitions (285) - (285) - Amortization of broker placement fees 1,169 1,716 2,504 3,501 Interest expense on deposits $ 16,980 $ 19,466 $ 34,674 $ 39,765

SECURITIES SOLD UNDER AGREEME48

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)	3 Months Ended
	Jun. 30, 2015
Securities Sold Under Agreements to Repurchase	Securities sold under agreements to repurchase (repurchase agreements) consist of the following: (Dollars in thousands) June 30, 2015 December 31, 2014 Repurchase agreements, interest ranging from 1.96% to 3.36% (December 31, 2014- 2.45% to 4.50%) (1)(2) $ 700,000 $ 900,000 (1) Reported net of securities purchased under agreements to repurchase (reverse repurchase agreement) by counterparty, when applicable, pursuant to ASC 210-20-45-11. (2) As of June 30, 2015, includes $600 million with an average rate of 2.96% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2015. Subsequent to July 9, 2015, no lender has exercised its call option on repurchase agreements. In addition, $500 million is tied to variable rates.
Schedule of Repurchase Agreement Maturity	Repurchase agreements mature as follows: June 30, 2015 (In thousands) Over one year to three years $ 500,000 Over five years 200,000 Total $ 700,000
Repurchase Agreements Grouped by Counterparty	Repurchase agreements as of June 30, 2015, grouped by counterparty, were as follows: (Dollars in thousands) Weighted-Average Counterparty Amount Maturity (In Months) Citigroup Global Markets $ 300,000 16 JP Morgan Chase 200,000 79 Dean Witter / Morgan Stanley 100,000 28 Credit Suisse First Boston 100,000 3 $ 700,000

ADVANCES FROM THE FEDERAL HOM49

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) (Tables)	3 Months Ended
	Jun. 30, 2015
Summary of Advances from FHLB	The following is a summary of the advances from the FHLB: June 30, December 31, (Dollars in thousands) 2015 2014 Fixed-rate advances from FHLB, with a weighted- average interest rate of 1.17% $ 325,000 $ 325,000
Advances from FHLB Mature	Advances from FHLB mature as follows: (In thousands) June 30, 2015 Over one year to three years 300,000 Over three to four years 25,000 Total $ 325,000

OTHER BORROWINGS (Tables)

OTHER BORROWINGS (Tables)	3 Months Ended
	Jun. 30, 2015
Components of Other Borrowings	June 30, December 31, (In thousands) 2015 2014 Junior subordinated debentures due in 2034, interest-bearing at a floating rate of 2.75% over 3-month LIBOR (3.03% as of June 30, 2015 and 2.99% as of December 31, 2014) $ 97,626 $ 103,093 Junior subordinated debentures due in 2034, interest-bearing at a floating rate of 2.50% over 3-month LIBOR (2.78% as of June 30, 2015 and 2.75% as of December 31, 2014) 128,866 128,866 $ 226,492 $ 231,959

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Jun. 30, 2015
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, 2015 As of December 31, 2014 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 : U.S. Treasury Securities $ 7,538 $ - $ - $ 7,538 $ 7,499 $ - $ - $ 7,499 Noncallable U.S. agency debt - 320,140 - 320,140 - 228,157 - 228,157 MBS and Callable U.S. agency debt - 1,573,818 - 1,573,818 - 1,653,140 - 1,653,140 Puerto Rico government obligations - 32,447 2,130 34,577 - 40,658 2,564 43,222 Private label MBS - - 29,510 29,510 - - 33,648 33,648 Other investments - - 100 100 - - - - Derivatives, included in assets: Interest rate swap agreements - - - - - 33 - 33 Purchased interest rate cap agreements - - - - - 6 - 6 Forward contracts - 136 - 136 - - - - Liabilities: Derivatives, included in liabilities: Interest rate swap agreements - - - - - 33 - 33 Written interest rate cap agreement - - - - - 6 - 6 Forward contracts - 102 - 102 - 148 - 148
Schedule of Changes in 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, 2015 and 2014 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, 2015 Quarter ended June 30, 2014 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) $ (241) $ 0 Changes in Unrealized Losses Changes in Unrealized Losses Six-Month Period Ended June 30, 2015 Six-Month Period Ended June 30, 2014 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) $ (397) $ 0
Fair Value of Assets and Liabilities Measured on Recurring Basis	Total Fair Value Measurements Quarter Ended June 30, 2015 2014 Level 3 Instruments Only Securities Securities (In thousands) Available For Sale (1) Available For Sale (1) Beginning balance $ 34,314 $ 47,510 Total gains or (losses) (realized/unrealized): Included in earnings (241) 0 Included in other comprehensive income 525 729 Sales - (4,855) Principal repayments and amortization (2,858) (2,466) Ending balance $ 31,740 $ 40,918 (1) Amounts mostly related to private label mortgage-backed securities. Total Fair Value Measurements Six-Month Period Ended June 30, 2015 2014 Level 3 Instruments Only Securities Securities (In thousands) Available For Sale (1) Available For Sale (1) Beginning balance $ 36,212 $ 43,292 Total gains or (losses) (realized/unrealized): Included in earnings (397) 0 Included in other comprehensive income 1,144 1,693 Purchases 100 5,123 Sales - (4,855) Principal repayments and amortization (5,319) (4,335) Ending balance $ 31,740 $ 40,918 (1) Amounts mostly related to private label mortgage-backed securities.
Impairment or Valuation Adjustments were Recorded for Assets Recognized at Fair Value	As of June 30, 2015, 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, 2015 (Losses) recorded for the Quarter Ended June 30, 2015 (Losses) recorded for the Six-Month Period Ended June 30, 2015 Level 1 Level 2 Level 3 (In thousands) Loans receivable (1) $ - $ - $ 298,935 $ (3,586) $ (15,850) OREO (2) - - 122,129 (1,906) (5,751) Mortgage servicing rights (3) - - 23,519 (109) (147) Loans Held For Sale (4) - - 48,032 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 and net operating income of income producing properties) that 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 of 9.16%, Discount Rate of 10.63%. (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 in such agreements. 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) Gains recorded for the Quarter Ended June 30, 2014 (Losses) Gains 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 - - (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 and net operating income of income producing properties) that 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 of 9.78%, Discount Rate of 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.
Estimated Fair Value and Carrying Value of Financial Instruments	The following table presents the carrying value and the estimated fair value of financial instruments as of June 30, 2015 and December 31, 2014: Total Carrying Amount in Statement of Financial Condition June 30, 2015 Fair Value Estimate June 30, 2015 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments $ 682,403 $ 682,403 $ 682,403 $ - $ - Investment securities available for sale 1,965,683 1,965,683 7,538 1,926,405 31,740 Other equity securities 26,152 26,152 - 26,152 - Loans held for sale 80,026 81,028 - 32,996 48,032 Loans held for investment 9,217,675 Less: allowance for loan and lease losses (221,518) Loans held for investment, net of allowance $ 8,996,157 8,817,476 - - 8,817,476 Derivatives, included in assets 136 136 - 136 - Liabilities: Deposits 9,504,576 9,505,374 - 9,505,374 - Securities sold under agreements to repurchase 700,000 758,855 - 758,855 - Advances from FHLB 325,000 325,813 - 325,813 - Other borrowings 226,492 136,762 - - 136,762 Derivatives, included in liabilities 102 102 - 102 - Total Carrying Amount in Statement of Financial Condition December 31, 2014 Fair Value Estimate December 31, 2014 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments $ 796,108 $ 796,108 $ 796,108 $ - $ - Investment securities available for sale 1,965,666 1,965,666 7,499 1,921,955 36,212 Other equity securities 25,752 25,752 - 25,752 - Loans held for sale 76,956 77,888 - 23,247 54,641 Loans held for investment 9,262,436 Less: allowance for loan and lease losses (222,395) Loans held for investment, net of allowance $ 9,040,041 8,844,659 - - 8,844,659 Derivatives, included in assets 39 39 - 39 - Liabilities: Deposits 9,483,945 9,486,325 - 9,486,325 - Securities sold under agreements to repurchase 900,000 958,715 - 958,715 - Advances from FHLB 325,000 324,376 - 324,376 - Notes Payable Other borrowings 231,959 162,344 - - 162,344 Derivatives, included in liabilities 187 187 - 187 -
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 is as follows: June 30, 2015 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 of 9.16%; weighted average discount rate of 10.63%
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	The table below presents qualitative information for significant assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) at June 30, 2015: June 30, 2015 (In thousands) Fair Value Valuation Technique Unobservable Input Range Investment securities available-for-sale: Private label MBS $ 29,510 Discounted cash flow Discount rate 14.5% Prepayment rate 17.37% -100.00% (Weighted Average 29%) Projected cumulative loss rate 0.16% -80.00% (Weighted Average 6.9%) Puerto Rico Government Obligations 2,130 Discounted cash flow Prepayment speed 2.89%

SUPPLEMENTAL CASH FLOW INFORM52

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	3 Months Ended
	Jun. 30, 2015
Supplemental Cash Flow Information	Six-Month Period Ended June 30, 2015 2014 (In thousands) Cash paid for: Interest on borrowings $ 48,648 $ 51,817 Income tax 2,439 2,524 Non-cash investing and financing activities: Additions to other real estate owned 27,625 13,267 Additions to auto and other repossessed assets 39,928 43,091 Capitalization of servicing assets 2,547 2,069 Loan securitizations 130,999 104,236 Preferred stock exchanged for new common stock issued: Preferred stock exchanged (Series A through E) - 26,022 New common stock issued - 24,363 Trust preferred securities exchanged for new common stock issued: Trust preferred securities exchanged 5,303 - New common stock issued 5,628 - Fair value of assets acquired (liabilities assumed) in the Doral Bank transaction: Loans 311,410 - Premises and equipment, net 5,450 - Core Deposit intangible 5,820 - Deposits (523,517) -

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Jun. 30, 2015
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, 2015: Interest income $ 36,296 $ 49,031 $ 32,753 $ 11,709 $ 12,017 $ 9,826 $ 151,632 Net (charge) credit for transfer of funds (12,347) 4,797 (3,893) 7,619 3,824 - - Interest expense - (5,853) - (14,522) (4,056) (724) (25,155) Net interest income 23,949 47,975 28,860 4,806 11,785 9,102 126,477 (Provision) release for loan and lease losses (7,944) (5,957) (63,722) - 3,275 82 (74,266) Non-interest income (loss) 4,232 11,952 555 (12,519) 730 1,720 6,670 Direct non-interest expenses (9,228) (32,462) (11,138) (1,045) (7,196) (8,871) (69,940) Segment income (loss) $ 11,009 $ 21,508 $ (45,445) $ (8,758) $ 8,594 $ 2,033 $ (11,059) Average earnings assets $ 2,669,391 $ 2,005,232 $ 2,916,014 $ 2,697,611 $ 984,329 $ 636,090 $ 11,908,667 (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 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total Six-Month Period Ended June 30, 2015: Interest income $ 70,172 $ 98,867 $ 67,556 $ 24,776 $ 23,248 $ 19,498 $ 304,117 Net (charge) credit for transfer of funds (23,583) 8,481 (7,688) 15,373 7,417 - - Interest expense - (11,510) - (30,529) (8,395) (1,559) (51,993) Net interest income 46,589 95,838 59,868 9,620 22,270 17,939 252,124 (Provision) release for loan and lease losses (14,907) (22,642) (72,815) - 5,408 (2,280) (107,236) Non-interest income (loss) 7,631 23,745 1,703 (12,619) 1,254 4,242 25,956 Direct non-interest expenses (17,293) (64,021) (19,117) (2,384) (14,379) (17,451) (134,645) Segment income (loss) $ 22,020 $ 32,920 $ (30,361) $ (5,383) $ 14,553 $ 2,450 $ 36,199 Average earnings assets $ 2,581,309 $ 1,971,815 $ 3,025,204 $ 2,730,699 $ 978,178 $ 637,617 $ 11,924,822 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
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, 2015 2014 2015 2014 Net (loss) income : Total (loss) income for segments and other $ (11,059) $ 45,773 $ 36,199 $ 91,343 Other non-interest (loss) gain (1) - (670) 13,443 (7,280) Other operating expenses (2) (32,859) (24,154) (59,882) (45,144) (Loss) income before income taxes (43,918) 20,949 (10,240) 38,919 Income tax benefit (expense) 9,844 276 1,812 (611) Total consolidated net (loss) income $ (34,074) $ 21,225 $ (8,428) $ 38,308 Average assets: Total average earning assets for segments $ 11,908,667 $ 12,013,689 $ 11,924,822 $ 12,054,854 Other average earning assets (1) - 152 - 3,343 Average non-earning assets 945,660 640,718 940,335 656,179 Total consolidated average assets $ 12,854,327 $ 12,654,559 $ 12,865,157 $ 12,714,376 (1) The bargain purchase gain on the acquisition of assets and assumption of deposits from Doral Bank in 2015 as well as the activities related to the Bank's equity interest in CPG/GS are presented as an Other non-interest income (loss) and the investment in CPG/GS is presented as Other average earning assets in the tables 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, COMMITMEN54

REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Jun. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Schedule Of Compliance With Regulatory Capital Requirements Under Banking Regulations [Text Block]	The Corporation's and its banking subsidiary's regulatory capital positions as of June 30, 2015 and December 31, 2014 were as follows: Regulatory Requirements Actual For Capital Adequacy Purposes To be Well-Capitalized-Regular Thresholds Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2015 (Basel III) Total Capital (to Risk-Weighted Assets) First BanCorp. $ 1,789,088 19.44% $ 736,419 8% N/A N/A FirstBank $ 1,760,317 19.13% $ 736,084 8% $ 920,105 10% Common Equity Tier 1 Capital (to Risk-Weighted Assets) First BanCorp. $ 1,506,589 16.37% $ 414,236 4.5% N/A N/A FirstBank $ 1,454,512 15.81% $ 414,047 4.5% $ 598,068 6.5% Tier I Capital (to Risk-Weighted Assets) First BanCorp. $ 1,506,589 16.37% $ 552,314 6% N/A N/A FirstBank $ 1,642,643 17.85% $ 552,063 6% $ 736,084 8% Leverage ratio First BanCorp. $ 1,506,589 11.94% $ 504,930 4% N/A N/A FirstBank $ 1,642,643 13.03% $ 504,261 4% $ 630,327 5% As of December 31, 2014 (Basel I) Total Capital (to Risk-Weighted Assets) First BanCorp. $ 1,748,120 19.70% $ 709,723 8% N/A N/A FirstBank $ 1,717,432 19.37% $ 709,395 8% $ 886,744 10% Tier I Capital (to Risk-Weighted Assets) First BanCorp. $ 1,636,004 18.44% $ 354,861 4% N/A N/A FirstBank $ 1,605,367 18.10% $ 354,698 4% $ 532,046 6% Leverage ratio First BanCorp. $ 1,636,004 13.27% $ 493,159 4% N/A N/A FirstBank $ 1,605,367 13.04% $ 492,468 4% $ 615,585 5%

FIRST BANCORP. (Holding Compa55

FIRST BANCORP. (Holding Company Only) Financial Information (Tables)	3 Months Ended
	Jun. 30, 2015
Statements of Financial Condition	Statements of Financial Condition As of June 30, As of December 31, 2015 2014 (In thousands) Assets Cash and due from banks $ 29,317 $ 30,380 Money market investments 6,111 6,111 Investment securities available for sale, at market: Other investment securities 285 285 Loans held for investment, net 287 322 Investment in First Bank Puerto Rico, at equity 1,859,206 1,866,090 Investment in First Bank Insurance Agency, at equity 13,976 11,890 Investment in FBP Statutory Trust I 2,929 3,093 Investment in FBP Statutory Trust II 3,866 3,866 Other assets 4,317 4,357 Total assets $ 1,920,294 $ 1,926,394 Liabilities and Stockholders' Equity Liabilities: Other borrowings $ 226,492 $ 231,959 Accounts payable and other liabilities 25,582 22,692 Total liabilities 252,074 254,651 Stockholders' equity 1,668,220 1,671,743 Total liabilities and stockholders' equity $ 1,920,294 $ 1,926,394
Statements of Income (Loss)	Quarter Ended Six-Month Period Ended June 30, June 30, 2015 2014 2015 2014 (In thousands) (In thousands) Income: Interest income on money market investments $ 5 $ 5 $ 10 $ 10 Other income 325 55 381 108 330 60 391 118 Expense: Other borrowings 1,843 1,786 3,660 3,546 Other operating expenses 753 768 1,357 1,274 2,596 2,554 5,017 4,820 Loss before income taxes and equity in undistributed (losses) earnings of subsidiaries (2,266) (2,494) (4,626) (4,702) Income tax provision - (2) - (4) Equity in undistributed (losses) earnings of subsidiaries (31,808) 23,721 (3,802) 43,014 Net (loss) income $ (34,074) $ 21,225 $ (8,428) $ 38,308 Other Comprehensive (loss) income, net of tax (10,168) 27,790 (3,028) 50,329 Comprehensive (loss) income $ (44,242) $ 49,015 $ (11,456) $ 88,637

BUSINESS COMBINATION- Business

BUSINESS COMBINATION- Business Combination (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Feb. 27, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Assets [Abstract]
Fair Value Of Assets Acquired	$ 540,339
Liabilities [Abstract]
Business Combination Bargain Purchase Gain Recognized Amount	13,443	$ 0	$ 0	$ 13,443	$ 0
Deposits [Member]
Liabilities [Abstract]
Liabilities Assumed1	523,517			523,517	0
Other Liabilities [Member]
Liabilities [Abstract]
Liabilities Assumed1	3,379
Core Deposits [Member]
Assets [Abstract]
Fair Value Of Assets Acquired	5,820			5,820	0
Property Plant And Equipment [Member]
Assets [Abstract]
Fair Value Of Assets Acquired	5,450			5,450	0
Cash [Member]
Assets [Abstract]
Fair Value Of Assets Acquired	217,659
Loans [Member]
Assets [Abstract]
Fair Value Of Assets Acquired	$ 311,410			$ 311,410	$ 0

BUSINESS COMBINATION- Additiona

BUSINESS COMBINATION- Additional information (Detail) - USD ($) $ in Millions	1 Months Ended	6 Months Ended
	Feb. 27, 2015	Jun. 30, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Branches Doral	10
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Financial Assets	$ 5.5
Business Combination Bargain Purchase After Tax Gain Recognized Amount	8.2
Premium On Loans Acquired	1.3
Business Combination Integration Related Costs		$ 11.2
Contractually outstanding principal and interest at acquisition		223.4	$ 135.5
Non Sop Unpaid Principal Balance	227.9
Discount On Purchased Credit Impaired Loans	13.4
Purchased Credit Impaired Loans Acquired	93.3
Conversion Costs [Member]
Business Acquisition [Line Items]
Business Combination Integration Related Costs		4.6
Interim Servicing Costs [Member]
Business Acquisition [Line Items]
Business Combination Integration Related Costs		$ 3.6
Deposits [Member]
Business Acquisition [Line Items]
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Financial Liabilities	522.7
Liabilities Fair Value Adjustment	0.8
Cash [Member]
Business Acquisition [Line Items]
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Financial Assets	217.7
Loans [Member]
Business Acquisition [Line Items]
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Financial Assets	$ 324.8

EARNINGS PER COMMON SHARE - Cal

EARNINGS PER COMMON SHARE - Calculations of Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net Income (Loss):
Net income (loss)		$ (34,074)	$ 21,225	$ (8,428)	$ 38,308
Excess of carrying amount of preferred stock exchanged over fair value of new common stock	[1]	0	1,280	0	1,659
Net income (loss) attributable to common stockholders		$ (34,074)	$ 22,505	$ (8,428)	$ 39,967
Weighted-Average Shares:
Basic weighted-average common shares outstanding		211,247	208,202	210,968	206,974
Average potential common shares		0	1,942	0	1,543
Diluted weighted-average number of common shares outstanding		211,247	210,144	210,968	208,517
Income (loss) per common share:
Basic		$ (0.16)	$ 0.11	$ (0.04)	$ 0.19
Diluted		$ (0.16)	$ 0.11	$ (0.04)	$ 0.19
Retained Earnings [Member]
Net Income (Loss):
Net income (loss)				$ (8,428)	$ 38,308
Excess of carrying amount of preferred stock exchanged over fair value of new common stock				$ 0	$ 1,659
[1]	Excess of carrying amount of the Series A through E preferred stock exchanged over the fair value of new common shares issued in the second quarter and first half of 2014.

EARNINGS PER COMMON SHARE - Add

EARNINGS PER COMMON SHARE - Additional Information (Detail) - shares	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2015	Dec. 31, 2014
Earnings Per Share Diluted [Line Items]
Unvested shares of restricted stock			2,939,794	2,327,156
Stock Option [Member]
Earnings Per Share Diluted [Line Items]
Antidilutive effect on earnings per share	82,575	82,575
Warrant [Member]
Earnings Per Share Diluted [Line Items]
Antidilutive effect on earnings per share		1,285,899

STOCK-BASED COMPENSATION - Addi

STOCK-BASED COMPENSATION - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Apr. 29, 2008
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum term to exercise options	10 years
Granted shares of restricted stock				824,032
Restricted stock granted to Board of Directors				(193,894)
Stock based compensation expense unrecognized related to nonvested shares of restricted stock	$ 5,100			$ 5,100
Period for cost recognition not yet recognized	2 years 2 months 12 days
Weighted-Average Grant Date Fair Value of Stocks				$ 3.93
Holding Period By The Us Treasury Of Outstanding Common Stock				1 year	2 years
Repurchased of common stock				117,858
Stock Issued During Period Value Restricted Stock Award Forfeitures				$ 36	$ 5
Omnibus Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Authorized granting up shares						8,169,807
Omnibus Plan [Member] | Board Of Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares of restricted stock		210,840		30,068
Omnibus Plan [Member] | Senior Executives
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares				168,265
Share based compensation cost				$ 1,000
Weighted-Average Grant Date Fair Value of Stocks				$ 6.20
Repurchased of common stock				56,486
Omnibus Plan [Member] | Management [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares of restricted stock				793,964
Troubled Asset Relief Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage increments repayment under TARP	25.00%
Restricted Stock Vested Subject To Tarp Percentage			25.00%
Troubled Asset Relief Program [Member] | Management [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair Value Of Restricted Stock Granted					$ 2.63
Percentage of appreciation					16.00%
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation cost	$ 1,000	$ 800		$ 2,000	$ 1,200
Repurchased of common stock				61,372
Restricted Stock [Member] | Board Of Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock vesting period					5 years
Restricted Stock [Member] | Maximum [Member] | Board Of Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock vesting period				5 years
Restricted Stock [Member] | Minimum [Member] | Board Of Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock vesting period				1 year
Restricted Stock [Member] | Troubled Asset Relief Program [Member] | Management [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair Value Of Restricted Stock Granted				$ 3.18
Percentage of appreciation				14.00%
First Fifty Percentage Restricted Stock Nonvest Awards [Member] | Management [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of Share vest during period					50.00%
First Fifty Percentage Restricted Stock Nonvest Awards [Member] | Omnibus Plan [Member] | Management [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of Share vest during period				50.00%
Restricted stock vesting period				2 years	2 years
Other Fifty Percentage Restricted Stock Nonvest Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of Share vest during period					50.00%
Other Fifty Percentage Restricted Stock Nonvest Awards [Member] | Omnibus Plan [Member] | Management [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of Share vest during period				50.00%
Restricted stock vesting period				3 years	3 years
Three Months Requisite Service Period [Member] | Omnibus Plan [Member] | Management [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares of restricted stock				40,000
After Two To Three Years Vesting Period [Member] | Omnibus Plan [Member] | Management [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares of restricted stock				753,964	810,138
After Two To Three Years Vesting Period [Member] | Troubled Asset Relief Program [Member] | Management [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares of restricted stock				615,464	653,138

STOCK-BASED COMPENSATION - Acti

STOCK-BASED COMPENSATION - Activity of Stock Options (Detail) - Jun. 30, 2015 - USD ($) $ / shares in Units, $ in Thousands	Total	Total
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of options, Beginning of year		82,575
Number of Options, expired		(11,395)
Number of Options, cancelled		(1,332)
Number of options, End of period outstanding and exercisable	69,848	69,848
Weighted-Average Exercise Price, beginning of year		$ 187.75
Weighted-Average Exercise Price, Options expired		358.80
Weighted-Average Exercise Price, Options cancelled		164.10
Weighted-Average Exercise Price, End of period outstanding and exercisable	$ 160.30	$ 160.30
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2	1 year 1 month 6 days
Aggregate Intrinsic Value, End of period outstanding and exercisable	$ 0	$ 0

STOCK-BASED COMPENSATION - Rest

STOCK-BASED COMPENSATION - Restricted Stock Activity Under Omnibus Plan (Detail) - 6 months ended Jun. 30, 2015 - Share Based Compensation Plan Name [Domain] - $ / shares	Total
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of non-vested shares of restricted stock, beginning of period	2,327,156
Granted shares of restricted stock	824,032
Vested	(193,894)
Forefeited	(17,500)
Number of non-vested shares of restricted stock, end of period	2,939,794
Weighted-Average Grant Date Fair Value, beginning of period	$ 3.39
Weighted-Average Grant Date Fair Value of Stocks	3.93
Weighted-Averages Grant Date Dair Value, Forefeitures	5.48
Weighted-Averages Grant Date Fair Value, Vested	5.07
Weighted-Average Grant Date Fair Value, end of period	$ 3.42

INVESTMENT SECURITIES - Investm

INVESTMENT SECURITIES - Investment Securities Available for Sale (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 1,979,373	$ 1,976,261
Non credit loss component of OTTI recorded in OCI	27,037	12,141
Unrealized gain on available-for-sale securities	28,993	31,951
Gross unrealized losses	15,646	30,405
Fair value	$ 1,965,683	$ 1,965,666
Weighted average yield	2.43%	2.49%
Puerto Rico Government obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 52,700
Fair value	34,600
United States And Puerto Rico Government Obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	476,027	$ 407,832
Non credit loss component of OTTI recorded in OCI	16,665	0
Unrealized gain on available-for-sale securities	465	290
Gross unrealized losses	5,281	24,286
Fair value	$ 454,546	$ 383,836
Weighted average yield	1.85%	1.86%
Mortgage Backed Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 1,503,246	$ 1,568,429
Non credit loss component of OTTI recorded in OCI	10,372	12,141
Unrealized gain on available-for-sale securities	28,528	31,661
Gross unrealized losses	10,365	6,119
Fair value	$ 1,511,037	$ 1,581,830
Weighted average yield	2.62%	2.66%
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	$ 311,761
Non credit loss component of OTTI recorded in OCI	0
Unrealized gain on available-for-sale securities	1,821
Gross unrealized losses	2,019
Fair value	$ 311,563
Weighted average yield	2.16%
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	$ 321,312	$ 355,989
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	19,188	21,459
Gross unrealized losses	26	0
Fair value	$ 340,474	$ 377,448
Weighted average yield	3.82%	3.83%
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	$ 830,291	$ 851,341
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	7,519	8,458
Gross unrealized losses	8,320	4,859
Fair value	$ 829,490	$ 854,940
Weighted average yield	2.35%	2.37%
Mortgage Backed Securities Issued By Private Enterprises [Member] | Mortgage Backed Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 39,882	$ 45,788
Non credit loss component of OTTI recorded in OCI	10,372	12,141
Unrealized gain on available-for-sale securities	0	1
Gross unrealized losses	0	0
Fair value	$ 29,510	$ 33,648
Weighted average yield	2.18%	2.17%
Due Within One Year [Member] | U S Treasury Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost		$ 7,498
Non credit loss component of OTTI recorded in OCI		0
Unrealized gain on available-for-sale securities		1
Gross unrealized losses		0
Fair value		$ 7,499
Weighted average yield		0.11%
Due Within One Year [Member] | Puerto Rico Government obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost		$ 0
Non credit loss component of OTTI recorded in OCI		0
Unrealized gain on available-for-sale securities		0
Gross unrealized losses		0
Fair value		$ 0
Weighted average yield		0.00%
Due Within One Year [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	$ 14
Non credit loss component of OTTI recorded in OCI	0
Unrealized gain on available-for-sale securities	0
Gross unrealized losses	0
Fair value	$ 14
Weighted average yield	3.36%
After One To Five Years [Member] | U S Treasury Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 7,542
Non credit loss component of OTTI recorded in OCI	0
Unrealized gain on available-for-sale securities	0
Gross unrealized losses	4
Fair value	$ 7,538
Weighted average yield	0.57%
After One To Five Years [Member] | US Government Sponsored Enterprises Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 296,226	$ 260,889
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	333	42
Gross unrealized losses	2,152	4,219
Fair value	$ 294,407	$ 256,712
Weighted average yield	1.31%	1.22%
After One To Five Years [Member] | Puerto Rico Government obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 28,488	$ 39,827
Non credit loss component of OTTI recorded in OCI	11,245	0
Unrealized gain on available-for-sale securities	0	0
Gross unrealized losses	0	12,419
Fair value	$ 17,243	$ 27,408
Weighted average yield	4.49%	4.49%
After One To Five Years [Member] | Other Available For Sale Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 100
Non credit loss component of OTTI recorded in OCI	0
Unrealized gain on available-for-sale securities	0
Gross unrealized losses	0
Fair value	$ 100
Weighted average yield	1.50%
After One To Five 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	$ 397
Non credit loss component of OTTI recorded in OCI	0
Unrealized gain on available-for-sale securities	40
Gross unrealized losses	0
Fair value	$ 437
Weighted average yield	4.95%
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	$ 138	$ 39
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	8	1
Gross unrealized losses	0	0
Fair value	$ 146	$ 40
Weighted average yield	4.23%	3.26%
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	$ 3,285	$ 4,160
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	110	181
Gross unrealized losses	0	0
Fair value	$ 3,395	$ 4,341
Weighted average yield	3.37%	3.40%
After Five To Ten Years [Member] | US Government Sponsored Enterprises Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 119,563	$ 78,234
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	108	246
Gross unrealized losses	1,647	2,077
Fair value	$ 118,024	$ 76,403
Weighted average yield	1.93%	1.72%
After Five To Ten Years [Member] | Puerto Rico Government obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 865	$ 886
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	$ 865	$ 887
Weighted average yield	5.20%	5.20%
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	$ 72,606	$ 17,108
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	3,074	501
Gross unrealized losses	0	0
Fair value	$ 75,680	$ 17,609
Weighted average yield	3.56%	3.65%
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	$ 21,804	$ 9,584
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	480	521
Gross unrealized losses	270	5
Fair value	$ 22,014	$ 10,100
Weighted average yield	2.74%	3.49%
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	$ 104	$ 111
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	$ 104	$ 112
Weighted average yield	7.26%	7.27%
After Ten Years [Member] | Puerto Rico Government obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 23,343	$ 20,498
Non credit loss component of OTTI recorded in OCI	5,420	0
Unrealized gain on available-for-sale securities	24	0
Gross unrealized losses	1,478	5,571
Fair value	$ 16,469	$ 14,927
Weighted average yield	5.36%	5.83%
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	$ 311,364	$ 315,311
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	1,781	1,743
Gross unrealized losses	2,019	1,260
Fair value	$ 311,126	$ 315,794
Weighted average yield	2.15%	2.17%
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	$ 248,554	$ 338,842
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	16,106	20,957
Gross unrealized losses	26	0
Fair value	$ 264,634	$ 359,799
Weighted average yield	3.90%	3.83%
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	$ 805,202	$ 837,597
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	6,929	7,756
Gross unrealized losses	8,050	4,854
Fair value	$ 804,081	$ 840,499
Weighted average yield	2.33%	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	$ 39,778	$ 45,677
Non credit loss component of OTTI recorded in OCI	10,372	12,141
Unrealized gain on available-for-sale securities	0	0
Gross unrealized losses	0	0
Fair value	$ 29,406	$ 33,536
Weighted average yield	2.18%	2.17%

INVESTMENT SECURITIES - Additio

INVESTMENT SECURITIES - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)minimumcreditscore	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)minimumcreditscore	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Schedule Of Investments [Line Items]
Proceeds from sale of available-for-sale securities			$ 0	$ 4,855
Percentage Of Debt Securities Government And Government Sponsored Agencies	97.00%		97.00%
Minimum Credit Score | minimumcreditscore	700		700
Maximum loan to value ratio	80.00%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities			$ 141,226	114,277
Total investment securities available for sale	$ 1,965,683		1,965,683		$ 1,965,666
Impairement on equity securities	0	$ 291	0	$ 291
Fair value	1,965,683		1,965,683		1,965,666
Amortized cost	1,979,373		$ 1,979,373		1,976,261
Unrealized losses	$ 15,646				$ 30,405
Weighted average yield	2.43%		2.43%		2.49%
Maximum [Member]
Schedule Of Investments [Line Items]
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities, Portion Recognized in Earnings, Net, Qualitative Disclosures, Default Rate	70.00%
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities, Portion Recognized in Earnings, Net, Qualitative Disclosures, Recovery Rate	82.00%
Minimum [Member]
Schedule Of Investments [Line Items]
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities, Portion Recognized in Earnings, Net, Qualitative Disclosures, Default Rate	68.00%
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities, Portion Recognized in Earnings, Net, Qualitative Disclosures, Recovery Rate	50.00%
Weighted Average [Member]
Schedule Of Investments [Line Items]
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities, Portion Recognized in Earnings, Net, Qualitative Disclosures, Default Rate	70.00%
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities, Portion Recognized in Earnings, Net, Qualitative Disclosures, Recovery Rate	64.00%
Mortgage Backed Securities Issued By Private Enterprises [Member]
Schedule Of Investments [Line Items]
Amortized cost	$ 39,800		$ 39,800
Puerto Rico Government obligations [Member]
Schedule Of Investments [Line Items]
Total investment securities available for sale	34,600		34,600
Fair value	34,600		34,600
Amortized cost	$ 52,700		52,700
Change in net unrealized gains			$ 13,000

INVESTMENT SECURITIES - Availab

INVESTMENT SECURITIES - Available-For-Sale Investments' Fair Value And Gross Unrealized Losses (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Schedule Of Available For Sale Securities [Line Items]
Fair Value Less than 12 months	$ 640,631	$ 48,474
Unrealized Losses Less than 12 months	8,420	79
Fair Value 12 months or more	385,913	1,010,786
Unrealized Losses 12 months or more	34,263	42,467
Total Fair Value	1,026,544	1,059,260
Total Unrealized Losses	42,683	42,546
Debt Securities [Member] | Puerto Rico Government 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	29,434	42,335
Unrealized Losses 12 months or more	18,143	17,990
Total Fair Value	29,434	42,335
Total Unrealized Losses	18,143	17,990
Debt Securities [Member] | US States And Political Subdivisions Member [Member]
Schedule Of Available For Sale Securities [Line Items]
Fair Value Less than 12 months	56,971	46,436
Unrealized Losses Less than 12 months	191	74
Fair Value 12 months or more	210,580	257,996
Unrealized Losses 12 months or more	3,612	6,222
Total Fair Value	267,551	304,432
Total Unrealized Losses	3,803	6,296
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	29,406	33,536
Unrealized Losses 12 months or more	10,372	12,141
Total Fair Value	29,406	33,536
Total Unrealized Losses	10,372	12,141
Mortgage Backed Securities [Member] | Government National Mortgage Association Certificates And Obligations G N M A [Member]
Schedule Of Available For Sale Securities [Line Items]
Fair Value Less than 12 months	1,052
Unrealized Losses Less than 12 months	26
Fair Value 12 months or more	0
Unrealized Losses 12 months or more	0
Total Fair Value	1,052
Total Unrealized Losses	26
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	429,411	2,038
Unrealized Losses Less than 12 months	6,503	5
Fair Value 12 months or more	95,932	541,642
Unrealized Losses 12 months or more	1,817	4,854
Total Fair Value	525,343	543,680
Total Unrealized Losses	8,320	4,859
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	153,197	0
Unrealized Losses Less than 12 months	1,700	0
Fair Value 12 months or more	20,561	135,277
Unrealized Losses 12 months or more	319	1,260
Total Fair Value	173,758	135,277
Total Unrealized Losses	$ 2,019	$ 1,260

INVESTMENT SECURITIES - OTTI Lo

INVESTMENT SECURITIES - OTTI Losses on Available-for-Sale Debt Securities (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Schedule Of Available For Sale Securities [Line Items]
Total other-than-temporary impairment losses		$ (29,521)	$ 0	$ (29,521)	$ 0
Credit losses on debt securities for which an OTTI was no previously recognized		12,856		12,856
Other Than Temporary Impairment Not Credit Losses Recognized In Earnings Additions No Previous Impairment		16,665		16,665
Net impairment losses recognized in earnings		(13,097)	$ 0	(13,253)	$ 0
Mortgage Backed Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Total other-than-temporary impairment losses		(29,521)	0	(29,521)	0
Portion of loss previously recognized in other comprehensive income		(241)	0	(397)	0
Net impairment losses recognized in earnings	[1]	(13,097)	0	(13,253)	0
Mortgage Backed Securities Issued By Private Enterprises [Member]
Schedule Of Available For Sale Securities [Line Items]
Credit losses on debt securities for which an OTTI was no previously recognized		0	0	0	0
US States And Political Subdivisions Member [Member]
Schedule Of Available For Sale Securities [Line Items]
Credit losses on debt securities for which an OTTI was no previously recognized		$ 12,856	$ 0	$ 12,856	$ 0
[1]	Approximately $12.9 million of the credit impairment recognized in earnings consisted of credit losses on Puerto Rico Government debt securities and $0.2 million was associated with credit losses on private label MBS.

INVESTMENT SECURITIES - Roll-Fo

INVESTMENT SECURITIES - Roll-Forward of Credit Losses on Debt Securities Held by Corporation (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
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	$ 5,933		$ 5,777
Additions:
Credit losses on debt securities for which an OTTI was no previously recognized	12,856		12,856
Credit losses on debt securities for which an OTTI was previously recognized	241		397
Reductions:
Ending balance of credit losses on debt securities held for which a portion of an OTTI was recognized in OCI	19,030		19,030
Mortgage Backed Securities Issued By Private Enterprises [Member]
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	5,933	$ 5,389	5,777	$ 5,389
Additions:
Credit losses on debt securities for which an OTTI was no previously recognized	0	0	0	0
Credit losses on debt securities for which an OTTI was previously recognized	241	0	397	0
Reductions:
Ending balance of credit losses on debt securities held for which a portion of an OTTI was recognized in OCI	6,174	5,389	6,174	5,389
US States And Political Subdivisions Member [Member]
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	0	0	0	0
Additions:
Credit losses on debt securities for which an OTTI was no previously recognized	12,856	0	12,856	0
Credit losses on debt securities for which an OTTI was previously recognized	0	0	0	0
Reductions:
Ending balance of credit losses on debt securities held for which a portion of an OTTI was recognized in OCI	$ 12,856	$ 0	$ 12,856	$ 0

INVESTMENT SECURITIES - Signifi

INVESTMENT SECURITIES - Significant Assumptions in Valuation of Private Label MBS (Detail)	3 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Schedule Of Investments [Line Items]
Fair Value Inputs Discount Rate	14.50%	14.50%
Fair Value Inputs Prepayment Rate	29.00%	32.00%
Weighted Average, Projected Cumulative Loss Rate	6.90%	7.90%
Minimum [Member]
Schedule Of Investments [Line Items]
Fair Value Inputs Prepayment Rate	17.37%	19.89%
Weighted Average, Projected Cumulative Loss Rate	0.16%	0.64%
Maximum [Member]
Schedule Of Investments [Line Items]
Fair Value Inputs Prepayment Rate	100.00%	100.00%
Weighted Average, Projected Cumulative Loss Rate	80.00%	80.00%

OTHER EQUITY SECURITIES - Addit

OTHER EQUITY SECURITIES - Additional Information (Detail) - Entity [Domain] - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Schedule Of Other Assets [Line Items]
Capital stock par value	$ 100		$ 100
Book value of investment in FHLB stock	$ 25.4		$ 25.4		$ 25.5
Dividend income from FHLB stock	0.3	$ 0.3	0.6	$ 0.6
Carrying value of other equity security	$ 0.7		$ 0.7		$ 0.3

LOAN PORTFOLIO - Loan Portfolio

LOAN PORTFOLIO - Loan Portfolio Held for Investment (Detail) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Financial Information [Line Items]
Residential mortgage loans, mainly secured by first mortgages		$ 3,327,350	$ 3,011,187
Commercial loans:
Construction loans		120,848	123,480
Commercial mortgage loans		1,518,151	1,665,787
Commercial and Industrial loans	[1]	2,352,111	2,479,437
Commercial loans		3,991,110	4,268,704
Finance leases		228,280	232,126
Consumer loans		1,670,935	1,750,419
Loans held for investment		9,217,675	9,262,436	$ 9,467,101
Less: allowance for loan and lease losses		(221,518)	(222,395)
Loans held for investment, net		8,996,157	9,040,041
Commercial And Industrial [Member]
Commercial loans:
Loans held for investment		$ 2,352,111	$ 2,479,437
[1]	As of June 30, 2015 and December 31, 2014, includes $1.0 billion and $1.1 billion, respectively, of commercial loans that are secured by real estate but are not dependent upon the real estate for repayment.

LOAN PORTFOLIO - Loan Portfol71

LOAN PORTFOLIO - Loan Portfolio Held for Investment (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Financial Information [Line Items]
Classified And Non Performing Loans Sold	$ 147.5
Commercian Loans Collaterized By Real Estate	$ 1,000	$ 1,100

LOAN PORTFOLIO - Loans Held for

LOAN PORTFOLIO - Loans Held for Investment on Which Accrual of Interest Income had been Discontinued (Detail) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Non-performing loans:
Total non-performing loans held for investment	[1],[2],[3]	$ 463,573	$ 523,896
Residential Mortgage [Member]
Non-performing loans:
Total non-performing loans held for investment		175,035	180,707
Commercial Mortgage [Member]
Non-performing loans:
Total non-performing loans held for investment		95,088	148,473
Commercial And Industrial [Member]
Non-performing loans:
Total non-performing loans held for investment		143,935	122,547
Consumer Auto Loans [Member]
Non-performing loans:
Total non-performing loans held for investment		17,689	22,276
Finance Leases [Member]
Non-performing loans:
Total non-performing loans held for investment		3,257	5,245
Consumer Retail Banking [Member]
Non-performing loans:
Total non-performing loans held for investment		12,451	15,294
Residential Construction [Member]
Non-performing loans:
Total non-performing loans held for investment		3,241	14,324
Land Construction [Member]
Non-performing loans:
Total non-performing loans held for investment		$ 12,877	$ 15,030
[1]	Amount excludes purchased-credit impaired ("PCI") loans with a carrying value of approximately $178.5 million and $102.6 million as of June 30, 2015 and December 31, 2014, respectively, primarily mortgage loans acquired from Doral Bank in the first quarter of 2015 and second quarter of 2014, as further discussed below. These loans are not considered non-performing due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using an estimated cash flow analysis.
[2]	As of June 30, 2015 and December 31, 2014, excludes $48.0 million and $54.6 million, respectively, of non-performing loans held for sale.
[3]	Non-performing loans exclude $400.8 million and $494.6 million of Trouble Debt Restructuring ("TDR") loans that are in compliance with modified terms and in accrual status as of June 30, 2015 and December 31, 2014, respectively.

LOAN PORTFOLIO - Loans Held f73

LOAN PORTFOLIO - Loans Held for Investment on Which Accrual of Interest Income had been Discontinued (Parenthetical) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Loans held for sale	$ 80,026	$ 76,956
Non Accrual [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for sale	$ 48,000	$ 54,600

LOAN PORTFOLIO - Corporation's

LOAN PORTFOLIO - Corporation's Aging of Loans Held for Investment Portfolio (Detail) - USD ($) $ in Thousands	Jun. 30, 2015		Mar. 31, 2015	Dec. 31, 2014		Jun. 30, 2014
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due	$ 140,298			$ 118,154
60-89 Days, Past Due	162,146			139,659
90 days or more, Past Due	641,892	[1]		671,122	[2]
Total Past Due	944,336			928,935
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount	178,494		$ 181,114	102,604		$ 105,620
Financing Receivable, Current	8,094,845			8,230,897
Loans held for investment	9,217,675			9,262,436		$ 9,467,101
90 days past due and still accruing	178,319	[3]		147,226	[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	7,849	[3],[5],[6]		9,733	[4],[7],[8]
90 days or more, Past Due	90,923	[1],[3],[5],[6]		81,055	[2],[4],[7],[8]
Total Past Due	98,772	[3],[5],[6]		90,788	[4],[7],[8]
Financing Receivable, Current	50,068	[3],[5],[6]		62,782	[4],[7],[8]
Loans held for investment	148,840	[3],[5],[6]		153,570	[4],[7],[8]
90 days past due and still accruing	90,923	[3],[5],[6]		81,055	[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	86,553	[5]		78,336	[7]
90 days or more, Past Due	193,275	[1],[5]		199,078	[2],[7]
Total Past Due	279,828	[5]		277,414	[7]
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount	175,234	[5]		98,494	[7]
Financing Receivable, Current	2,723,448	[5]		2,481,709	[7]
Loans held for investment	3,178,510	[5]		2,857,617	[7]
90 days past due and still accruing	18,240	[3],[5]		18,371	[4],[7]
Commercial And Industrial [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due	43,946			22,217
60-89 Days, Past Due	18,387			7,445
90 days or more, Past Due	176,473	[1]		143,928	[2]
Total Past Due	238,806			173,590
Financing Receivable, Current	2,113,305			2,305,847
Loans held for investment	2,352,111			2,479,437
90 days past due and still accruing	32,538	[3]		21,381	[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	21,990	[5]		15,482	[7]
90 days or more, Past Due	128,567	[1],[5]		171,281	[2],[7]
Total Past Due	150,557	[5]		186,763	[7]
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount	3,260	[5]		3,393	[7]
Financing Receivable, Current	1,364,334	[5]		1,475,631	[7]
Loans held for investment	1,518,151	[5]		1,665,787	[7]
90 days past due and still accruing	33,479	[3],[5]		22,808	[4],[7]
Auto loans [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due	76,736			77,385
60-89 Days, Past Due	19,045			19,665
90 days or more, Past Due	17,689	[1]		22,276	[2]
Total Past Due	113,470			119,326
Financing Receivable, Current	882,678			941,456
Loans held for investment	996,148			1,060,782
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	10,282			8,751
60-89 Days, Past Due	2,754			2,734
90 days or more, Past Due	3,257	[1]		5,245	[2]
Total Past Due	16,293			16,730
Financing Receivable, Current	211,987			215,396
Loans held for investment	228,280			232,126
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	9,334			9,801
60-89 Days, Past Due	5,359			6,054
90 days or more, Past Due	15,399	[1]		18,671	[2]
Total Past Due	30,092			34,526
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount	0			717
Financing Receivable, Current	644,695			654,394
Loans held for investment	674,787			689,637
90 days past due and still accruing	2,948	[3]		3,377	[4]
Commercial Construction [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due	0	[5]		0
60-89 Days, Past Due	0	[5]		0
90 days or more, Past Due	0	[1],[5]		0	[2]
Total Past Due	0	[5]		0
Financing Receivable, Current	39,142	[5]		24,562
Loans held for investment	39,142	[5]		24,562
90 days past due and still accruing	0	[3],[5]		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	3,241	[1],[5]		14,324	[2],[7]
Total Past Due	3,241	[5]		14,324	[7]
Financing Receivable, Current	26,851	[5]		28,673	[7]
Loans held for investment	30,092	[5]		42,997	[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	209	[5]		210	[7]
90 days or more, Past Due	13,068	[1],[5]		15,264	[2],[7]
Total Past Due	13,277	[5]		15,474	[7]
Financing Receivable, Current	38,337	[5]		40,447	[7]
Loans held for investment	51,614	[5]		55,921	[7]
90 days past due and still accruing	$ 191	[3],[5]		$ 234	[4],[7]
[1]	Includes non-performing loans and accruing loans which 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]	Includes non-performing loans and accruing loans which 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 $37.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of June 30, 2015.
[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 $40.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of December 31, 2014.
[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, construction-commercial loans and construction-residential loans past due 30-59 days as of June 30, 2015 amounted to $10.3 million, $181.6 million, $16.2 million, $2.9 million, $5.2 million, and $3.1 million, respectively.
[6]	As of June 30, 2015, includes $28.1 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 as of December 31, 2014 amounted to $14.0 million, $189.1 million, $20.8 million, $0.8 million and $1.0 million, respectively.
[8]	As of December 31, 2014, includes $9.3 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 - Corporation'75

LOAN PORTFOLIO - Corporation's Aging of Loans Held for Investment Portfolio (Parenthetical) (Detail) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2015USD ($)numberofpayments	Dec. 31, 2014USD ($)
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	2 months 29 days	2 months 29 days
Period during which credit card loans continue to accrue finance charges and fees	5 months 27 days	5 months 27 days
Defaulted loans collateralizing Ginnie Mae (GNMA) securities	$ 28.1	$ 9.3
Minimum Number of Payments in Arrears to Consider Commercial Mortgage and Construction Loan as Past Due | numberofpayments	2
Residential mortgage loans insured by FHA or guaranteed by the VA	$ 37.4	$ 40.4
Period of residential mortgage loan that are no longer accruing interest	1 year 6 months	1 year 6 months
Fha Va And Other Government Guaranteed Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days past due Mortgages	$ 10.3	$ 14
Residential Mortgage [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days past due Mortgages	181.6	189.1
Commercial Mortgage Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days past due Mortgages	16.2	20.8
Residential Construction [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days past due Mortgages	3.1	1
Land Construction [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days past due Mortgages	$ 2.9	$ 0.8

LOAN PORTFOLIO - Corporation'76

LOAN PORTFOLIO - Corporation's Credit Quality Indicators by Loan (Detail) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Financing Receivable Recorded Investment [Line Items]
Commercial mortgage loans		$ 1,518,151	$ 1,665,787
Construction loans		120,848	123,480
Commercial and Industrial loans		2,352,111	2,479,437
Land		51,614	55,921
Residential Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Construction loans		30,092	42,997
Commercial Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Construction loans		39,142	24,562
Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
Commercial mortgage loans		161,579	273,027
Commercial and Industrial loans		218,604	234,926
Land		14,500	16,915
Substandard [Member] | Residential Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Construction loans		3,241	13,548
Substandard [Member] | Commercial Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Construction loans		11,490	11,790
Doubtful [Member]
Financing Receivable Recorded Investment [Line Items]
Commercial mortgage loans		117	897
Commercial and Industrial loans		896	4,884
Land		1	0
Doubtful [Member] | Residential Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Construction loans		0	776
Doubtful [Member] | Commercial Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Construction loans		0	0
Unlikely To Be Collected Financing Receivable [Member]
Financing Receivable Recorded Investment [Line Items]
Commercial mortgage loans		0	0
Commercial and Industrial loans		523	801
Land		0	0
Unlikely To Be Collected Financing Receivable [Member] | Residential Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Construction loans		0	0
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	[1]	161,696	273,924
Commercial and Industrial loans	[1]	220,023	240,611
Land	[1]	14,501	16,915
Total Adversely Classified [Member] | Residential Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Construction loans	[1]	3,241	14,324
Total Adversely Classified [Member] | Commercial Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Construction loans	[1]	$ 11,490	$ 11,790
[1]	Excludes $48.0 million ($7.8 million land, $39.1 million construction-commercial, $0.9 million construction-residential and $0.2 million commercial mortgage) and $54.6 million ($7.8 million land, $39.1 million construction-commercial, $0.9 million construction-residential and $6.8 million commercial mortgage) as of June 30, 2015 and December 31, 2014, respectively, of non-performing loans held for sale.

LOAN PORTFOLIO - Credit Risk Pa

LOAN PORTFOLIO - Credit Risk Payment Activity (Detail) - USD ($) $ in Thousands	Jun. 30, 2015		Dec. 31, 2014		Jun. 30, 2014
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	$ 9,217,675		$ 9,262,436		$ 9,467,101
Auto loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	996,148		1,060,782
Finance Leases [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	228,280		232,126
Residential Real Estate [Member] | Fhava Guaranteed Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	148,840	[1]	153,570	[2]
Residential Real Estate [Member] | Other Residential Mortgage Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	3,178,510		2,857,617
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	148,840	[1]	153,570	[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	2,828,241		2,578,416
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]
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	175,234	[3]	98,494	[2]
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	175,035		180,707
Consumer [Member] | Auto loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	996,148		1,060,782
Consumer [Member] | Finance Leases [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	228,280		232,126
Consumer [Member] | Other Consumer Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	674,787		689,637
Consumer [Member] | Performing Financing Receivable [Member] | Auto loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	978,459		1,038,506
Consumer [Member] | Performing Financing Receivable [Member] | Finance Leases [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	225,023		226,881
Consumer [Member] | Performing Financing Receivable [Member] | Other Consumer Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	662,336		673,626
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	[2]
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	[2]
Consumer [Member] | Purchased Credit Impaired [Member] | Other Consumer Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	0	[3]	717	[2]
Consumer [Member] | Nonperforming Financing Receivable [Member] | Auto loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	17,689		22,276
Consumer [Member] | Nonperforming Financing Receivable [Member] | Finance Leases [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	3,257		5,245
Consumer [Member] | Nonperforming Financing Receivable [Member] | Other Consumer Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	$ 12,451		$ 15,294
[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 $37.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of June 30, 2015.
[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 $40.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of December 31, 2014.
[3]	PCI loans are excluded from non-performing statistics due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analysis.

LOAN PORTFOLIO - Credit Risk 78

LOAN PORTFOLIO - Credit Risk Payment Activity (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable Recorded Investment [Line Items]
Residential mortgage loans insured by FHA or guaranteed by the VA	$ 37,400	$ 40,400
Period of residential mortgage loan that are no longer accruing interest	1 year 6 months	1 year 6 months
Loans considered to be defaulted if borrower has failed to make payment for a period or more than the period	2 months 29 days	2 months 29 days
Loans held for sale	$ 80,026	$ 76,956
Non Accrual [Member]
Financing Receivable Recorded Investment [Line Items]
Loans held for sale	48,000	54,600
Non Accrual [Member] | Commercial Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Loans held for sale	39,100	39,100
Non Accrual [Member] | Residential Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Loans held for sale	900	900
Non Accrual [Member] | Land Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Loans held for sale	7,800	7,800
Non Accrual [Member] | Commercial mortgage [Member]
Financing Receivable Recorded Investment [Line Items]
Loans held for sale	$ 200	$ 6,800

LOAN PORTFOLIO - Impaired loans

LOAN PORTFOLIO - Impaired loans (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable Impaired [Line Items]
Recorded Investment with no Related Allowance	$ 190,549		$ 190,549		$ 238,812
Unpaid Principal Balance with no Related Allowance	213,023		213,023		281,868
Average Recorded Investment No Related Allowance	192,757				246,473
Interest Income with no Related Allowance Accrual Basis	652		1,173
Interest Income with No Related Allowance Cash Basis	1,002		1,792
Recorded Investment with Related Allowance	634,267		634,267		706,595
Unpaid Principal Balance with Related Allowance	723,479		723,479		803,716
Related Allowance	49,918	$ 68,358	49,918	$ 68,358	55,205	$ 62,140	$ 85,016	$ 102,601
Average Recorded Investment With Related Allowance	643,181				724,143
Interest Income with Related Allowance Accrual Basis	5,491		10,876
Interest Income with Realted Allowance Cash Basis	1,803		4,240
Recorded Investment	824,816	908,858	824,816	908,858	945,407	$ 954,981	$ 879,388	$ 919,112
Unpaid Principal Balance	936,502		936,502		1,085,584
Average Recorded Investments	835,938				970,616
Interest Income on Impaired Loans Accrual Basis	6,143	6,700	12,049	13,100
Interest Income on Impaired Loans Cash Basis	2,805	2,400	6,032	4,000
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	69,148		69,148		74,177
Unpaid Principal Balance with no Related Allowance	79,066		79,066		80,522
Average Recorded Investment No Related Allowance	70,366				75,711
Interest Income with no Related Allowance Accrual Basis	167		253
Interest Income with No Related Allowance Cash Basis	249		359
Recorded Investment with Related Allowance	378,163		378,163		350,067
Unpaid Principal Balance with Related Allowance	423,151		423,151		396,203
Related Allowance	17,136		17,136		10,854
Average Recorded Investment With Related Allowance	379,766				357,129
Interest Income with Related Allowance Accrual Basis	4,219		8,383
Interest Income with Realted Allowance Cash Basis	465		1,000
Recorded Investment	447,311		447,311		424,244
Unpaid Principal Balance	502,217		502,217		476,725
Average Recorded Investments	450,132				432,840
Interest Income on Impaired Loans Accrual Basis	4,386		8,636
Interest Income on Impaired Loans Cash Basis	714		1,359
Commercial Mortgage Loans [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment with no Related Allowance	84,629		84,629		109,271
Unpaid Principal Balance with no Related Allowance	92,873		92,873		132,170
Average Recorded Investment No Related Allowance	85,119				113,674
Interest Income with no Related Allowance Accrual Basis	436		823
Interest Income with No Related Allowance Cash Basis	469		924
Recorded Investment with Related Allowance	46,114		46,114		101,467
Unpaid Principal Balance with Related Allowance	61,162		61,162		116,329
Related Allowance	6,711		6,711		14,289
Average Recorded Investment With Related Allowance	48,006				104,191
Interest Income with Related Allowance Accrual Basis	128		236
Interest Income with Realted Allowance Cash Basis	88		257
Recorded Investment	130,743		130,743		210,738
Unpaid Principal Balance	154,035		154,035		248,499
Average Recorded Investments	133,125				217,865
Interest Income on Impaired Loans Accrual Basis	564		1,059
Interest Income on Impaired Loans Cash Basis	557		1,181
Commercial And Industrial Loan [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment with no Related Allowance	30,020		30,020		41,131
Unpaid Principal Balance with no Related Allowance	32,406		32,406		47,647
Average Recorded Investment No Related Allowance	30,393				42,011
Interest Income with no Related Allowance Accrual Basis	7		14
Interest Income with No Related Allowance Cash Basis	249		449
Recorded Investment with Related Allowance	153,099		153,099		195,240
Unpaid Principal Balance with Related Allowance	177,798		177,798		226,431
Related Allowance	15,510		15,510		21,314
Average Recorded Investment With Related Allowance	156,788				198,930
Interest Income with Related Allowance Accrual Basis	606		1,193
Interest Income with Realted Allowance Cash Basis	480		1,848
Recorded Investment	183,119		183,119		236,371
Unpaid Principal Balance	210,204		210,204		274,078
Average Recorded Investments	187,181				240,941
Interest Income on Impaired Loans Accrual Basis	613		1,207
Interest Income on Impaired Loans Cash Basis	729		2,297
Construction Loans [Member]
Financing Receivable Impaired [Line Items]
Related Allowance	2,256	8,962	2,256	8,962
Recorded Investment	26,190	$ 46,721	26,190	$ 46,721
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	18,805		18,805		16,991
Unpaid Principal Balance with Related Allowance	18,805		18,805		16,991
Related Allowance	6,501		6,501		2,787
Average Recorded Investment With Related Allowance	19,730				18,504
Interest Income with Related Allowance Accrual Basis	357		694
Interest Income with Realted Allowance Cash Basis	0		0
Recorded Investment	18,805		18,805		16,991
Unpaid Principal Balance	18,805		18,805		16,991
Average Recorded Investments	19,730				18,504
Interest Income on Impaired Loans Accrual Basis	357		694
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	2,381		2,381		2,181
Unpaid Principal Balance with Related Allowance	2,381		2,381		2,181
Related Allowance	184		184		253
Average Recorded Investment With Related Allowance	2,401				2,367
Interest Income with Related Allowance Accrual Basis	44		92
Interest Income with Realted Allowance Cash Basis	0		0
Recorded Investment	2,381		2,381		2,181
Unpaid Principal Balance	2,381		2,381		2,181
Average Recorded Investments	2,401				2,367
Interest Income on Impaired Loans Accrual Basis	44		92
Interest Income on Impaired Loans Cash Basis	0		0
Other Consumer Loans [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment with no Related Allowance	2,645		2,645		3,778
Unpaid Principal Balance with no Related Allowance	4,068		4,068		5,072
Average Recorded Investment No Related Allowance	2,745				3,924
Interest Income with no Related Allowance Accrual Basis	1		1
Interest Income with No Related Allowance Cash Basis	35		60
Recorded Investment with Related Allowance	13,622		13,622		11,637
Unpaid Principal Balance with Related Allowance	13,892		13,892		12,136
Related Allowance	1,620		1,620		3,131
Average Recorded Investment With Related Allowance	14,119				12,291
Interest Income with Related Allowance Accrual Basis	1		1
Interest Income with Realted Allowance Cash Basis	719		1,072
Recorded Investment	16,267		16,267		15,415
Unpaid Principal Balance	17,960		17,960		17,208
Average Recorded Investments	16,864				16,215
Interest Income on Impaired Loans Accrual Basis	2		2
Interest Income on Impaired Loans Cash Basis	754		1,132
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	11,491		11,491		11,790
Unpaid Principal Balance with Related Allowance	11,491		11,491		11,790
Related Allowance	926		926		790
Average Recorded Investment With Related Allowance	11,690				11,867
Interest Income with Related Allowance Accrual Basis	123		251
Interest Income with Realted Allowance Cash Basis	0		0
Recorded Investment	11,491		11,491		11,790
Unpaid Principal Balance	11,491		11,491		11,790
Average Recorded Investments	11,690				11,867
Interest Income on Impaired Loans Accrual Basis	123		251
Interest Income on Impaired Loans Cash Basis	0		0
Residential Construction [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment with no Related Allowance	4,107		4,107		7,461
Unpaid Principal Balance with no Related Allowance	4,610		4,610		10,100
Average Recorded Investment No Related Allowance	4,134				8,123
Interest Income with no Related Allowance Accrual Basis	41		82
Interest Income with No Related Allowance Cash Basis	0		0
Recorded Investment with Related Allowance	643		643		8,102
Unpaid Principal Balance with Related Allowance	853		853		8,834
Related Allowance	98		98		993
Average Recorded Investment With Related Allowance	644				8,130
Interest Income with Related Allowance Accrual Basis	0		0
Interest Income with Realted Allowance Cash Basis	0		0
Recorded Investment	4,750		4,750		15,563
Unpaid Principal Balance	5,463		5,463		18,934
Average Recorded Investments	4,778				16,253
Interest Income on Impaired Loans Accrual Basis	41		82
Interest Income on Impaired Loans Cash Basis	0		0
Land Construction [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment with no Related Allowance	0		0		2,994
Unpaid Principal Balance with no Related Allowance	0		0		6,357
Average Recorded Investment No Related Allowance	0				3,030
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	9,949		9,949		9,120
Unpaid Principal Balance with Related Allowance	13,946		13,946		12,821
Related Allowance	1,232		1,232		794
Average Recorded Investment With Related Allowance	10,037				10,734
Interest Income with Related Allowance Accrual Basis	13		26
Interest Income with Realted Allowance Cash Basis	51		63
Recorded Investment	9,949		9,949		12,114
Unpaid Principal Balance	13,946		13,946		19,178
Average Recorded Investments	10,037				$ 13,764
Interest Income on Impaired Loans Accrual Basis	13		26
Interest Income on Impaired Loans Cash Basis	$ 51		$ 63

LOAN PORTFOLIO - Additional Inf

LOAN PORTFOLIO - Additional Information (Detail) - Receivable Type [Domain] - Financing Receivable Troubled Debt Restructuring [Domain] - USD ($) $ in Thousands	1 Months Ended	3 Months Ended			6 Months Ended			12 Months Ended
	Feb. 27, 2015	Jun. 30, 2015		Jun. 30, 2014	Jun. 30, 2015		Jun. 30, 2014	Dec. 31, 2014		Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2013
Accounts Notes And Loans Receivable [Line Items]
Interest Income Impaired Loans				$ 9,100			$ 17,100
Interest Income on Impaired Loans Accrual Basis		$ 6,143		6,700	$ 12,049		13,100
Contractually outstanding principal and interest at acquisition		223,400			223,400			$ 135,500
Securitization of mortgage loans into mortgage backed securities					131,000
Total gross loans held for investment portfolio		9,217,675		9,467,101	9,217,675		9,467,101	9,262,436
Total TDR loans		634,761	[1]	628,233	634,761	[1]	628,233	694,453	[2]	$ 705,123	$ 622,320	$ 630,258
Outstanding unfunded commitments on TDR loans		47			47
Classified and non-performing loans sold		147,500
Other real estate owned sold		2,900
Sale price of bulk sale		87,300
Reserves allocated to bulk sale		15,300			15,300
Total charge-offs bulk sale		61,400
Porfessional fees		900
Pre-tax loss		48,700
Loans held for sale		80,026			80,026			76,956
Non Sop Unpaid Principal Balance	$ 227,900
Proceeds From Sale Of Loans Held For Investment					107,702		16,558
Discount On Loans Acquired Percentage	9.00%
Discount On Loans Acquired Amount	$ 29,000
Puerto Rico Tourism Development Fund [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable Commercial Governments Collections					4,600			8,600
GNMA
Accounts Notes And Loans Receivable [Line Items]
Loans repurchased					6,300
FNMA and FHLMC
Accounts Notes And Loans Receivable [Line Items]
Loans repurchased					500
Residential Mortgage [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable Significant Purchases					46,000
Total gross loans held for investment portfolio		3,327,350		2,795,159	3,327,350		2,795,159
Government Guaranteed Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable Significant Sales					75,500
Government Guaranteed Residential Mortgage Loans Indirect Exposure		124,000			124,000
Loans in trial [Member]
Accounts Notes And Loans Receivable [Line Items]
Total TDR loans		9,900			9,900
Troubled Debt Restructurings [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for sale		39,100			39,100			45,700
Allowance For Loan And Lease Losses Write Offs Net Loans Sold		45,300
Loans Split [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing receivable loans restructured recorded investment accruals		40,000
Non Fha Va Residential Mortgage Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Total TDR loans		375,321			375,321			349,775
Commercial And Industrial Loan [Member]
Accounts Notes And Loans Receivable [Line Items]
Interest Income on Impaired Loans Accrual Basis		613			1,207
Total TDR loans		157,048			157,048			171,926
Commercial Mortgage Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Interest Income on Impaired Loans Accrual Basis		564			1,059
Total TDR loans		59,965			59,965			127,766
Classified and non-performing loans sold		90,700
Payments To Acquire Loans Held For Investment					21,100
Construction Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Total gross loans held for investment portfolio		120,848		148,266	120,848		148,266
Classified and non-performing loans sold		11,000
Consumer Loan [Member]
Accounts Notes And Loans Receivable [Line Items]
Total gross loans held for investment portfolio		1,899,215		$ 2,062,268	1,899,215		$ 2,062,268
Total TDR loans		36,000			36,000
Commercial Construction [Member]
Accounts Notes And Loans Receivable [Line Items]
Interest Income on Impaired Loans Accrual Basis		123			251
Financing Receivable Recorded Investment 30 To 59 Days Past Due Mortgage		5,200			5,200
Residential Construction [Member]
Accounts Notes And Loans Receivable [Line Items]
Interest Income on Impaired Loans Accrual Basis		41			82
Land Construction [Member]
Accounts Notes And Loans Receivable [Line Items]
Interest Income on Impaired Loans Accrual Basis		13			26
In Process Of Foreclosure [Member]
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment Amount In Consumer Mortgage Loans Collateralized By Residential Real Estate Property		$ 157,000			157,000
P R
Accounts Notes And Loans Receivable [Line Items]
Credit risk concentration		82.00%
Outstanding of credit facilities granted		$ 326,700			326,700			308,000
Line of credit facility provided to fund unfunded commitments		340,000
Financing Receivable Commercial Governments Book Value		325,800			325,800
P R | Puerto Rico Government and Political Subdivisions [Member]
Accounts Notes And Loans Receivable [Line Items]
Outstanding of credit facilities granted		204,300			204,300
P R | Public Corporations [Member]
Accounts Notes And Loans Receivable [Line Items]
Outstanding of credit facilities granted		99,000			99,000
Financing Receivable Commercial Governments Book Value		98,100			98,100
P R | Government [Member]
Accounts Notes And Loans Receivable [Line Items]
Outstanding of credit facilities granted		23,300			23,300
P R | Puerto Rico Tourism Development Fund [Member]
Accounts Notes And Loans Receivable [Line Items]
Outstanding of credit facilities granted		131,000			131,000			133,300
P R | Puerto Rico Electric PowerAuthority [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable Commercial Governments Book Value		$ 74,100			74,100
V I
Accounts Notes And Loans Receivable [Line Items]
Credit risk concentration		7.00%
Outstanding of credit facilities granted		$ 59,100			$ 59,100			$ 57,700
U S
Accounts Notes And Loans Receivable [Line Items]
Credit risk concentration		11.00%
Impaired Financing Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Allowance For Loan And Lease Losses Write Offs Net Loans Sold		$ 63,900
[1]	Excludes TDRs held for sale amounting to $39.1 million as of June 30, 2015
[2]	Excludes TDRs held for sale amounting to $45.7 million as of December 31, 2014.

LOAN PORTFOLIO - Activity for I

LOAN PORTFOLIO - Activity for Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015		Jun. 30, 2014	Jun. 30, 2015		Jun. 30, 2014
Impaired Loans:
Balance at beginning of period	$ 954,981		$ 879,388	$ 945,407		$ 919,112
Loans determined impaired during the period	34,889		98,966	97,822		153,243
Charge-offs	(70,813)	[1]	(32,646)	(82,528)	[1]	(64,685)
Loans sold, net charge-offs	(66,699)			(67,836)
Increases to impaired loans (disbursements)	1,597		294	2,116		919
Foreclosures	(10,234)		(4,134)	(20,186)		(8,140)
Loans no longer considered impaired	(3,287)		(14,003)	(13,185)		(17,731)
Paid in full or partial payments	(15,618)		(19,007)	(36,794)		(73,860)
Balance at end of period	$ 824,816		$ 908,858	$ 824,816		$ 908,858
[1]	Includes $63.9 million of charge-offs related to a bulk sale of assets, mostly comprised of non-performing and adversely classified commercial loans, further discussed below.

LOAN PORTFOLIO - Activity for S

LOAN PORTFOLIO - Activity for Specific Reserve (Detail) - Financing Receivable Troubled Debt Restructuring [Domain] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Specific Reserve:
Balance at beginning of period	$ 62,140	$ 85,016	$ 55,205	$ 102,601
Provision for loan losses	53,707	15,988	72,357	30,442
Net Charge-offs	(65,929)	(32,646)	(77,644)	(64,685)
Balance at end of period	$ 49,918	$ 68,358	$ 49,918	$ 68,358

LOAN PORTFOLIO - Contractually

LOAN PORTFOLIO - Contractually Required Principal and Interest Cash Flows Expected to be Collected and Fair Value at Acquisition Related to Loans Acquired (Detail) $ in Thousands		Feb. 27, 2015USD ($)
Financing Receivable Impaired [Line Items]
Contractually outstanding principal and interest at acquisition		$ 166,947
Less: Nonaccretable difference		(48,739)
Cash flows expected to be collected at acquisition		118,208
Less: Accretable yield		(38,319)
Fair value of loans acquired	[1]	$ 79,889
[1]	Amounts are estimates based on the best information available at the acquisition date and adjustments in future quarters may occur up to one year from the date of acquisition.

LOAN PORTFOLIO- Carrying Value

LOAN PORTFOLIO- Carrying Value of Purchased Credit Impaired Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2015		Mar. 31, 2015	Dec. 31, 2014		Jun. 30, 2014
Financing Receivable Impaired [Line Items]
Purchased Credit Impaired Loans	$ 178,494		$ 181,114	$ 102,604		$ 105,620
Allowance for loan losses Purchased Credit Impaired	(3,164)			0
Purchased Credit Impaired Loans, Net	175,330			102,604
Residential Mortgage Loans [Member]
Financing Receivable Impaired [Line Items]
Purchased Credit Impaired Loans	175,234	[1]		98,494	[2]
Commercial Mortgage Loans [Member]
Financing Receivable Impaired [Line Items]
Purchased Credit Impaired Loans	3,260	[1]		3,393	[2]
Consumer Credit Card Financing Receivable [Member]
Financing Receivable Impaired [Line Items]
Purchased Credit Impaired Loans	$ 0			$ 717
[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, 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, construction-commercial loans and construction-residential loans past due 30-59 days as of June 30, 2015 amounted to $10.3 million, $181.6 million, $16.2 million, $2.9 million, $5.2 million, and $3.1 million, respectively.
[2]	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 as of December 31, 2014 amounted to $14.0 million, $189.1 million, $20.8 million, $0.8 million and $1.0 million, respectively.

LOAN PORTFOLIO- Corporation's A

LOAN PORTFOLIO- Corporation's Aging of Purchased Credit Impaired Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2015		Dec. 31, 2014		Jun. 30, 2014
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due	$ 140,298		$ 118,154
60-89 Days, Past Due	162,146		139,659
90 days or more, Past Due	641,892	[1]	671,122	[2]
Total Past Due	944,336		928,935
Financing Receivable, Current	8,094,845		8,230,897
Loans held for investment	9,217,675		9,262,436		$ 9,467,101
90 days past due and still accruing	178,319	[3]	147,226	[4]
Purchased Credit Impaired Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due	0		47
60-89 Days, Past Due	16,775		12,952
90 days or more, Past Due	18,228		15,661
Total Past Due	35,003		28,660
Financing Receivable, Current	143,491		73,944
Loans held for investment	178,494		102,604
Residential Mortgage [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due	0	[5]	0	[6]
60-89 Days, Past Due	86,553	[5]	78,336	[6]
90 days or more, Past Due	193,275	[1],[5]	199,078	[2],[6]
Total Past Due	279,828	[5]	277,414	[6]
Financing Receivable, Current	2,723,448	[5]	2,481,709	[6]
Loans held for investment	3,178,510	[5]	2,857,617	[6]
90 days past due and still accruing	18,240	[3],[5]	18,371	[4],[6]
30-59 Days past due Mortgages	181,600		189,100
Residential Mortgage [Member] | Purchased Credit Impaired Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due	0	[7]	0	[8]
60-89 Days, Past Due	16,775	[7]	12,571	[8]
90 days or more, Past Due	17,820	[7]	15,176	[8]
Total Past Due	34,595	[7]	27,747	[8]
Financing Receivable, Current	140,639	[7]	70,747	[8]
Loans held for investment	175,234	[7]	98,494	[8]
30-59 Days past due Mortgages	31,500		16,600
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	21,990	[5]	15,482	[6]
90 days or more, Past Due	128,567	[1],[5]	171,281	[2],[6]
Total Past Due	150,557	[5]	186,763	[6]
Financing Receivable, Current	1,364,334	[5]	1,475,631	[6]
Loans held for investment	1,518,151	[5]	1,665,787	[6]
90 days past due and still accruing	33,479	[3],[5]	22,808	[4],[6]
30-59 Days past due Mortgages	16,200		20,800
Commercial Mortgage Loans [Member] | Purchased Credit Impaired Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due	0	[7]	0	[8]
60-89 Days, Past Due	0	[7]	356	[8]
90 days or more, Past Due	408	[7]	443	[8]
Total Past Due	408	[7]	799	[8]
Financing Receivable, Current	2,852	[7]	2,594	[8]
Loans held for investment	3,260	[7]	3,393	[8]
30-59 Days past due Mortgages	800		800
Consumer Credit Card Financing Receivable [Member] | Purchased Credit Impaired Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due	0		47
60-89 Days, Past Due	0		25
90 days or more, Past Due	0		42
Total Past Due	0		114
Financing Receivable, Current	0		603
Loans held for investment	$ 0		$ 717
[1]	Includes non-performing loans and accruing loans which 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]	Includes non-performing loans and accruing loans which 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 $37.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of June 30, 2015.
[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 $40.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of December 31, 2014.
[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, construction-commercial loans and construction-residential loans past due 30-59 days as of June 30, 2015 amounted to $10.3 million, $181.6 million, $16.2 million, $2.9 million, $5.2 million, and $3.1 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 as of December 31, 2014 amounted to $14.0 million, $189.1 million, $20.8 million, $0.8 million and $1.0 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 as of June 30, 2015 amounted to $31.5 million and $0.8 million, respectively.
[8]	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 as of December 31, 2014 amounted to $16.6 million and $0.8 million, respectively.

LOAN PORTFOLIO - Accretable Yie

LOAN PORTFOLIO - Accretable Yield Related to Purchased Credit Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accretable Yield [Line Items]
Accretable yield at acquisition	$ 118,502	$ 0	$ 82,460	$ 0
Additions	0	86,759	38,319	86,759
Reclassification to nonaccretable	8,793	0	8,793	0
Accretion recognized in earnings	(3,007)	(612)	(5,284)	(612)
Accretable yield at the end of the period	$ 124,288	$ 86,147	$ 124,288	$ 86,147

LOAN PORTFOLIO -Changes in Carr

LOAN PORTFOLIO -Changes in Carrying Amount Of Purchased Credit Impaired Loans (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Financing Receivable Impaired [Line Items]
Beggining balance: purchased credit-impaired loans		$ 181,114		$ 102,604
Accretion		3,007	$ 612	5,284	$ 612
Sop Collections		(5,627)		(9,283)
Ending balance: purchased credit-impaired loans		178,494	$ 105,620	178,494	$ 105,620
Allowance for loan losses Purchased Credit Impaired		(3,164)		(3,164)		$ 0
Ending balance: purchased credit-impaired loans, net		175,330		175,330
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities [Member]
Financing Receivable Impaired [Line Items]
Purchased Credit Impaired Loans Aquired	[1]	$ 0		$ 79,889
[1]	Represents the estimated fair value of the PCI loans acquired from Doral at the date of acquisition.

LOAN PORTFOLIO - Selected Infor

LOAN PORTFOLIO - Selected Information on TDRs Includes Recorded Investment by Loan Class and Modification Type (Detail) - USD ($) $ in Thousands	Jun. 30, 2015		Mar. 31, 2015	Dec. 31, 2014		Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 634,761	[1]	$ 705,123	$ 694,453	[2]	$ 628,233	$ 622,320	$ 630,258
Interest Rate Below Market [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	55,814	[1]		68,455	[2]
Maturity of Term Extension [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	85,934	[1]		100,662	[2]
Combination of reduction in interest rate and extension of maturity [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	375,391	[1]		415,187	[2]
Forgiveness of principal and/or interest [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	3,371	[1]		3,517	[2]
Other [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	114,251	[1],[3]		106,632	[2],[4]
Non Fha Va Residential Mortgage Loans [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	375,321			349,775
Non Fha Va Residential Mortgage Loans [Member] | Interest Rate Below Market [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	27,229			24,850
Non Fha Va Residential Mortgage Loans [Member] | Maturity of Term Extension [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	5,265			5,859
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	295,997			283,317
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	46,830	[3]		35,749	[4]
Commercial Mortgage Loans [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	59,965			127,766
Commercial Mortgage Loans [Member] | Interest Rate Below Market [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	24,324			29,881
Commercial Mortgage Loans [Member] | Maturity of Term Extension [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	1,824			12,737
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	21,332			72,493
Commercial Mortgage Loans [Member] | Forgiveness of principal and/or interest [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	0			0
Commercial Mortgage Loans [Member] | Other [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	12,485	[3]		12,655	[4]
Commercial And Industrial Loan [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	157,048			171,926
Commercial And Industrial Loan [Member] | Interest Rate Below Market [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	4,224			7,533
Commercial And Industrial Loan [Member] | Maturity of Term Extension [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	75,851			80,642
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	28,653			31,553
Commercial And Industrial Loan [Member] | Forgiveness of principal and/or interest [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	3,042			3,074
Commercial And Industrial Loan [Member] | Other [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	45,278	[3]		49,124	[4]
Construction Loans [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	6,400
Consumer Auto Loans [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	18,805			16,991
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	1,343			380
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	10,698			10,363
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	6,764	[3]		6,248	[4]
Finance Leases [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	2,381			2,181
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	623			376
Finance Leases [Member] | Combination of reduction in interest rate and extension of maturity [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	1,758			1,805
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	[4]
Other Consumer Loans [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	14,839			13,307
Other Consumer Loans [Member] | Interest Rate Below Market [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	37			37
Other Consumer Loans [Member] | Maturity of Term Extension [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	795			129
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	11,807			10,812
Other Consumer Loans [Member] | Forgiveness of principal and/or interest [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	329			443
Other Consumer Loans [Member] | Other [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	1,871	[3]		1,886	[4]
Residential Construction [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	3,511			10,037
Residential Construction [Member] | Interest Rate Below Market [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	0			6,154
Residential Construction [Member] | Maturity of Term Extension [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	0			337
Residential Construction [Member] | Combination of reduction in interest rate and extension of maturity [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	3,079			3,112
Residential Construction [Member] | Forgiveness of principal and/or interest [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	0			0
Residential Construction [Member] | Other [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	432	[3]		434	[4]
Land Construction [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	2,891			2,470
Land Construction [Member] | Interest Rate Below Market [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	0			0
Land Construction [Member] | Maturity of Term Extension [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	233			202
Land Construction [Member] | Combination of reduction in interest rate and extension of maturity [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	2,067			1,732
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	$ 591	[3]		$ 536	[4]
[1]	Excludes TDRs held for sale amounting to $39.1 million as of June 30, 2015
[2]	Excludes TDRs held for sale amounting to $45.7 million as of December 31, 2014.
[3]	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.
[4]	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 - Corporation'89

LOAN PORTFOLIO - Corporation's TDR Activity (Detail) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015		Jun. 30, 2014	Jun. 30, 2015		Jun. 30, 2014
Schedule Of Financing Receivables [Line Items]
Beginning Balance of TDRs	$ 705,123		$ 622,320	$ 694,453	[1]	$ 630,258
New TDRs	34,195		34,810	65,796		54,745
Increases to existing TDRs (disbursements)	0		107	335		134
Charge-offs post modification	(49,599)	[2]	(18,666)	(53,380)	[2]	(26,648)
Sales	(44,048)			(44,048)
Foreclosures	(3,096)		(1,527)	(10,252)		(2,601)
Paid-off and partial payments	(7,814)		(8,811)	(18,143)		(27,655)
Ending balance of TDRs	$ 634,761	[3]	$ 628,233	$ 634,761	[3]	$ 628,233
[1]	Excludes TDRs held for sale amounting to $45.7 million as of December 31, 2014.
[2]	Includes $45.3 million of charge-offs related to TDRs included in the bulk sale of assets.
[3]	Excludes TDRs held for sale amounting to $39.1 million as of June 30, 2015

LOAN PORTFOLIO - Breakdown Betw

LOAN PORTFOLIO - Breakdown Between Accrual and Nonaccrual Status of TDRs (Detail) - Financing Receivable Troubled Debt Restructuring [Domain] - USD ($) $ in Thousands	Jun. 30, 2015		Mar. 31, 2015	Dec. 31, 2014		Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 634,761	[1]	$ 705,123	$ 694,453	[2]	$ 628,233	$ 622,320	$ 630,258
Non Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	233,927	[3],[4]		199,813	[5],[6]
Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	400,834			494,640
Non Fha Va Residential Mortgage Loans [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	375,321			349,775
Commercial Mortgage Loans [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	59,965			127,766
Commercial And Industrial Loan [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	157,048			171,926
Construction Loans [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	6,400
Consumer Auto Loans [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	18,805			16,991
Finance Leases [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	2,381			2,181
Other Consumer Loans [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	14,839			13,307
Residential Construction [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	3,511			10,037
Land Construction [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 2,891			$ 2,470
[1]	Excludes TDRs held for sale amounting to $39.1 million as of June 30, 2015
[2]	Excludes TDRs held for sale amounting to $45.7 million as of December 31, 2014.
[3]	Excludes non-accrual TDRs held for sale with a carrying value of $39.1 million as of June 30, 2015.
[4]	Included in non-accrual loans are $96.7 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.
[5]	Excludes non-accrual TDRs held for sale with a carrying value of $45.7 million as of December 31, 2014.
[6]	Included in non-accrual loans are $52.8 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.

LOAN PORTFOLIO - Breakdown Be91

LOAN PORTFOLIO - Breakdown Between Accrual and Nonaccrual Status of TDRs (Parenthetical) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015		Mar. 31, 2015	Dec. 31, 2014		Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable Modifications [Line Items]
Total TDR loans	$ 634,761	[1]	$ 705,123	$ 694,453	[2]	$ 628,233	$ 622,320	$ 630,258
Performing Financing Receivable [Member] | Non Accrual [Member]
Financing Receivable Modifications [Line Items]
Total TDR loans	$ 96,700			$ 52,800
[1]	Excludes TDRs held for sale amounting to $39.1 million as of June 30, 2015
[2]	Excludes TDRs held for sale amounting to $45.7 million as of December 31, 2014.

LOAN PORTFOLIO - Loan Modificat

LOAN PORTFOLIO - Loan Modifications are Considered TDRs (Detail) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)numberofcontracts	Jun. 30, 2014USD ($)numberofcontracts	Jun. 30, 2015USD ($)numberofcontracts	Jun. 30, 2014USD ($)numberofcontracts
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	748	516	1,370	1,127
Pre-Modification Outstanding Recorded Investment	$ 36,214	$ 35,635	$ 68,072	$ 55,899
Post-Modification Outstanding Recorded Investment	$ 34,195	$ 34,810	$ 65,796	$ 54,745
Non Fha Va Residential Mortgage Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	171	91	252	138
Pre-Modification Outstanding Recorded Investment	$ 28,647	$ 11,017	$ 40,142	$ 18,726
Post-Modification Outstanding Recorded Investment	$ 27,136	$ 10,264	$ 38,401	$ 17,975
Commercial Mortgage Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	1	1	9	4
Pre-Modification Outstanding Recorded Investment	$ 131	$ 410	$ 12,952	$ 1,244
Post-Modification Outstanding Recorded Investment	$ 131	$ 410	$ 13,062	$ 1,247
Commercial And Industrial Loan [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	2	7	3	12
Pre-Modification Outstanding Recorded Investment	$ 1,316	$ 21,114	$ 2,997	$ 29,078
Post-Modification Outstanding Recorded Investment	$ 898	$ 21,114	$ 2,579	$ 28,744
Consumer Auto Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	198	92	344	209
Pre-Modification Outstanding Recorded Investment	$ 3,214	$ 1,408	$ 5,387	$ 3,013
Post-Modification Outstanding Recorded Investment	$ 3,137	$ 1,393	$ 5,267	$ 2,998
Finance Leases [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	16	10	24	20
Pre-Modification Outstanding Recorded Investment	$ 461	$ 174	$ 694	$ 367
Post-Modification Outstanding Recorded Investment	$ 454	$ 142	$ 638	$ 335
Other Consumer Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	355	313	732	742
Pre-Modification Outstanding Recorded Investment	$ 2,015	$ 1,457	$ 5,406	$ 3,416
Post-Modification Outstanding Recorded Investment	$ 2,012	$ 1,430	$ 5,358	$ 3,389
Land Construction [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	5	2	6	2
Pre-Modification Outstanding Recorded Investment	$ 430	$ 55	$ 494	$ 55
Post-Modification Outstanding Recorded Investment	$ 427	$ 57	$ 491	$ 57

LOAN PORTFOLIO - Loan Modific93

LOAN PORTFOLIO - Loan Modifications Considered Troubled Debt Restructurings Defaulted (Detail) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)numberofcontracts	Jun. 30, 2014USD ($)numberofcontracts	Jun. 30, 2015USD ($)numberofcontracts	Jun. 30, 2014USD ($)numberofcontracts
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	59	91	131	154
Recorded Investment	$ 2,327	$ 2,804	$ 10,097	$ 5,571
Non Fha Va Residential Mortgage Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	15	19	27	33
Recorded Investment	$ 2,129	$ 2,267	$ 3,902	$ 4,819
Commercial And Industrial Loan [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts			4	0
Recorded Investment			$ 5,745	$ 0
Consumer Auto Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	5	18	7	22
Recorded Investment	$ 32	$ 286	$ 40	$ 325
Other Consumer Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	37	53	90	98
Recorded Investment	$ 141	$ 205	$ 370	$ 381
Finance Leases [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	2	0	3	0
Recorded Investment	$ 25	$ 0	$ 40	$ 0
Land Construction [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts			0	1
Recorded Investment			$ 0	$ 46

LOAN PORTFOLIO - Loan Restructu

LOAN PORTFOLIO - Loan Restructuring and Effect on Allowance for Loan and Lease Losses (Detail) - Financing Receivable Troubled Debt Restructuring [Domain] - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015		Jun. 30, 2014	Jun. 30, 2015		Jun. 30, 2014	Mar. 31, 2015	Dec. 31, 2014		Mar. 31, 2014	Dec. 31, 2013
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 634,761	[1]	$ 628,233	$ 634,761	[1]	$ 628,233	$ 705,123	$ 694,453	[2]	$ 622,320	$ 630,258
Charges to the provision for loan losses	74,266		26,744	107,236		58,659
Allowance for loan losses at the end of the period	221,518			221,518				222,395
Loans Split [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Modifications, Recorded Investment	41,000		62,159	41,000		62,159
Amount charged-off				0		(4,106)
Charges to the provision for loan losses				(62)		(4,725)
Allowance for loan losses at the end of the period	669		$ 942	669		$ 942
Accrual [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 400,834			$ 400,834				$ 494,640
[1]	Excludes TDRs held for sale amounting to $39.1 million as of June 30, 2015
[2]	Excludes TDRs held for sale amounting to $45.7 million as of December 31, 2014.

ALLOWANCE FOR LOAN AND LEASE 95

ALLOWANCE FOR LOAN AND LEASE LOSSES - Changes in Allowance for Loan and Lease Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	$ 226,064	$ 266,778	$ 222,395	$ 285,858
Charge-offs	(92,948)	(59,054)	(124,961)	(112,761)
Charge-off related to bulk sale				0
Recoveries	14,136	6,709	16,848	9,421
Provision For Loan Lease And Other Losses	74,266	26,744	107,236	58,659
Reclassification				0
Ending balance	221,518	241,177	221,518	241,177
Balance at end of period	49,918	68,358	49,918	68,358
Allowance for loan losses Purchased Credit Impaired	3,164		3,164
Ending balance: general allowance	168,437	172,819	168,437	172,819
Ending balance	9,217,675	9,467,101	9,217,675	9,467,101
Ending balance: impaired loans	824,816	908,858	824,816	908,858	$ 954,981	$ 945,407	$ 879,388	$ 919,112
Ending balance: purchased credit-impaired loans	178,494	105,620	178,494	105,620
Ending balance: loans with general allowance	8,214,365	8,452,623	8,214,365	8,452,623
Purchased Credit Impaired [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses Purchased Credit Impaired	3,163	0	3,163	0
Residential Mortgage [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	28,682	30,508	27,301	33,110
Charge-offs	(3,529)	(4,987)	(8,721)	(11,409)
Charge-off related to bulk sale				0
Recoveries	272	300	370	369
Provision For Loan Lease And Other Losses	8,358	3,934	14,833	7,685
Reclassification				0
Ending balance	33,783	29,755	33,783	29,755
Balance at end of period	17,136	16,464	17,136	16,464
Ending balance: general allowance	13,586	13,291	13,586	13,291
Ending balance	3,327,350	2,795,159	3,327,350	2,795,159
Ending balance: impaired loans	447,311	414,448	447,311	414,448
Ending balance: purchased credit-impaired loans	175,234	99,997	175,234	99,997
Ending balance: loans with general allowance	2,704,805	2,280,714	2,704,805	2,280,714
Residential Mortgage [Member] | Purchased Credit Impaired [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses Purchased Credit Impaired	3,061	0	3,061	0
Commercial Mortgage [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	45,027	66,512	50,894	73,138
Charge-offs	(46,432)	(13,423)	(50,438)	(19,233)
Charge-off related to bulk sale				0
Recoveries	4,767	4,297	5,043	4,332
Provision For Loan Lease And Other Losses	44,278	(8,808)	42,141	(9,659)
Reclassification				0
Ending balance	47,640	48,578	47,640	48,578
Balance at end of period	6,711	16,317	6,711	16,317
Ending balance: general allowance	40,827	32,261	40,827	32,261
Ending balance	1,518,151	1,813,930	1,518,151	1,813,930
Ending balance: impaired loans	130,743	238,997	130,743	238,997
Ending balance: purchased credit-impaired loans	3,260	3,447	3,260	3,447
Ending balance: loans with general allowance	1,384,148	1,571,486	1,384,148	1,571,486
Commercial Mortgage [Member] | Purchased Credit Impaired [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses Purchased Credit Impaired	102	0	102	0
Commercial And Industrial Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	70,179	79,590	63,721	85,295
Charge-offs	(24,370)	(19,452)	(28,823)	(41,911)
Charge-off related to bulk sale				0
Recoveries	3,953	416	4,511	1,079
Provision For Loan Lease And Other Losses	15,590	16,336	25,943	32,427
Reclassification				0
Ending balance	65,352	76,890	65,352	76,890
Balance at end of period	15,510	22,745	15,510	22,745
Ending balance: general allowance	49,842	54,145	49,842	54,145
Ending balance	2,352,111	2,647,478	2,352,111	2,647,478
Ending balance: impaired loans	183,119	179,764	183,119	179,764
Ending balance: purchased credit-impaired loans	0	0	0	0
Ending balance: loans with general allowance	2,168,992	2,467,714	2,168,992	2,467,714
Commercial And Industrial Loans [Member] | Purchased Credit Impaired [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses Purchased Credit Impaired	0	0	0	0
Construction Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	13,639	27,411	12,822	35,814
Charge-offs	(4,079)	(2,661)	(4,684)	(3,631)
Charge-off related to bulk sale				0
Recoveries	1,996	55	2,203	672
Provision For Loan Lease And Other Losses	309	(3,513)	1,524	(11,563)
Reclassification				0
Ending balance	11,865	21,292	11,865	21,292
Balance at end of period	2,256	8,962	2,256	8,962
Ending balance: general allowance	9,609	12,330	9,609	12,330
Ending balance	120,848	148,266	120,848	148,266
Ending balance: impaired loans	26,190	46,721	26,190	46,721
Ending balance: purchased credit-impaired loans	0	0	0	0
Ending balance: loans with general allowance	94,658	101,545	94,658	101,545
Construction Loans [Member] | Purchased Credit Impaired [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses Purchased Credit Impaired	0	0	0	0
Consumer Loan [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	68,537	62,757	67,657	58,501
Charge-offs	(14,538)	(18,531)	(32,295)	(36,577)
Charge-off related to bulk sale				0
Recoveries	3,148	1,641	4,721	2,969
Provision For Loan Lease And Other Losses	5,731	18,795	22,795	39,769
Reclassification				0
Ending balance	62,878	64,662	62,878	64,662
Balance at end of period	8,305	3,870	8,305	3,870
Ending balance: general allowance	54,573	60,792	54,573	60,792
Ending balance	1,899,215	2,062,268	1,899,215	2,062,268
Ending balance: impaired loans	37,453	28,928	37,453	28,928
Ending balance: purchased credit-impaired loans	0	2,176	0	2,176
Ending balance: loans with general allowance	1,861,762	2,031,164	1,861,762	2,031,164
Consumer Loan [Member] | Purchased Credit Impaired [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses Purchased Credit Impaired	$ 0	$ 0	$ 0	$ 0

ALLOWANCE FOR LOAN AND LEASE 96

ALLOWANCE FOR LOAN AND LEASE LOSSES - Additional Information (Detail) - Jun. 30, 2015 - USD ($) $ in Millions	Total
Financing Receivable Allowance For Credit Losses [Line Items]
Reserve for unfunded loan commitments	$ 0.5
General Allowance For Loan And Lease Losses Loans Sold	$ 15.5

LOANS HELD FOR SALE - Portfolio

LOANS HELD FOR SALE - Portfolio of Loans Held for Sale (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Commercial Mortgage loans	$ 230	$ 6,839
Total	80,026	76,956
Residential Mortgage [Member]
Accounts Notes And Loans Receivable [Line Items]
Residential mortgage loans	31,994	22,315
Construction Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Construction loans	$ 47,802	$ 47,802

LOANS HELD FOR SALE - Additiona

LOANS HELD FOR SALE - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Loans held for sale	$ 80,026	$ 76,956
Commercial Mortgage loans	230	6,839
Non-performing loan sold previously reclassified to Loans Held For Sale	147,500
Non Accrual [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for sale	48,000	54,600
Commercial Mortgage loans	200	6,800
Construction loans	47,800	$ 47,800
Loans Held For Sale [Member]
Accounts Notes And Loans Receivable [Line Items]
Non-performing loan sold previously reclassified to Loans Held For Sale	$ 6,600

OTHER REAL ESTATE OWNED- Other

OTHER REAL ESTATE OWNED- Other real estate owned (Detail) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Other Real Estate And Foreclosed Assets [Line Items]
Other real estate owned		$ 122,129	$ 124,003
Residential Real Estate [Member]
Other Real Estate And Foreclosed Assets [Line Items]
Other real estate owned		25,954	22,520
Commercial Real Estate [Member]
Other Real Estate And Foreclosed Assets [Line Items]
Other real estate owned		72,528	75,654
Construction Real Estate [Member]
Other Real Estate And Foreclosed Assets [Line Items]
Other real estate owned		16,373	18,770
Government Guaranteed [Member]
Other Real Estate And Foreclosed Assets [Line Items]
Other real estate owned	[1]	$ 7,274	$ 7,059
[1]	As of June 30, 2015, excludes $0.1 million of foreclosures completed in 2015 that meet the conditions of ASC 310-40 and are presented as a receivable (other assets) in the statement of financial condition.

OTHER REAL ESTATE OWNED- Additi

OTHER REAL ESTATE OWNED- Additional information (Detail) $ in Millions	Jun. 30, 2015USD ($)
Other Real Estate And Foreclosed Assets [Abstract]
Transfers From Loans to Other Receivable	$ 0.1

DERIVATIVE INSTRUMENTS AND H101

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Notional Amounts of All Derivative Instruments (Detail) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Economic undesignated hedges:
Notional amount of derivatives		$ 116,962	$ 98,704
Interest Rate Swap [Member]
Economic undesignated hedges:
Notional amount of derivatives	[1]	0	5,440
Nondesignated [Member] | Interest Rate Swap [Member]
Economic undesignated hedges:
Notional amount of derivatives		0	5,440
Nondesignated [Member] | Interest Rate Cap [Member] | Purchase
Economic undesignated hedges:
Notional amount of derivatives		36,481	37,132
Nondesignated [Member] | Interest Rate Cap [Member] | Written
Economic undesignated hedges:
Notional amount of derivatives		36,481	37,132
Nondesignated [Member] | Forward Contracts [Member]
Economic undesignated hedges:
Notional amount of derivatives		$ 44,000	$ 19,000
[1]	The remaining interest rate swap with a notional amount of $5.4 million matured during the second quarter of 2015.

DERIVATIVE INSTRUMENTS AND H102

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Summary of Fair Value of Derivative Instruments and Location in Statement of Financial Condition (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Derivatives Fair Value [Line Items]
Derivatives, included in assets	$ 136	$ 39
Derivatives, included in liabilities	102	187
Other Assets [Member] | Interest Rate Swap [Member]
Derivatives Fair Value [Line Items]
Derivatives, included in assets	0	33
Other Assets [Member] | Interest Rate Cap [Member] | Purchase
Derivatives Fair Value [Line Items]
Derivatives, included in assets	0	6
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	136	0
Other Liabilities [Member] | Interest Rate Swap [Member]
Derivatives Fair Value [Line Items]
Derivatives, included in liabilities	0	33
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	0	6
Other Liabilities [Member] | Forward Contracts [Member]
Derivatives Fair Value [Line Items]
Derivatives, included in liabilities	$ 102	$ 148

DERIVATIVE INSTRUMENTS AND H103

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Effect of Derivative Instruments on Statement of Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Economic undesignated hedges:
Total gain (loss) on derivatives	$ 254	$ 24	$ 182	$ 172
Interest Income Loans [Member] | Interest Rate Swap [Member]
Economic undesignated hedges:
Total gain (loss) on derivatives	0	261	0	574
Mortgage Banking Activities [Member] | Forward Contracts [Member]
Economic undesignated hedges:
Total gain (loss) on derivatives	$ 254	$ (237)	$ 182	$ (402)

DERIVATIVE INSTRUMENTS AND H104

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Summary of Interest Rate Swaps (Detail) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Pay fixed/receive floating :
Notional amount		$ 116,962	$ 98,704
Weighted-average receive rate at period end		0.00%	2.03%
Weighted-average pay rate at period end		0.00%	3.45%
Interest Rate Swap [Member]
Pay fixed/receive floating :
Notional amount	[1]	$ 0	$ 5,440
[1]	The remaining interest rate swap with a notional amount of $5.4 million matured during the second quarter of 2015.

DERIVATIVE INSTRUMENTS AND H105

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Additional Information (Detail) $ in Millions	3 Months Ended
	Jun. 30, 2015USD ($)
Derivative Instruments Gain Loss [Line Items]
Derivative Notional Amount Interest Rate Swap Decrease	$ 5.4

OFFESTTING OF ASSETS AND LIABIL

OFFESTTING OF ASSETS AND LIABILITIES - Offsetting of financial assets and liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Offsetting [Abstract]
Gross amount recognized of derivative asset		$ 6
Gross amount of derivatives assets offset		0
Net asset amount of assets presented in the Statement of Financial Condition		6
Obligation to return Financial instrument, derivatives assets		(6)
Obligation to return Cash Collateral, derivative assets		0
Net derivative asset amount not offset		0
Gross amount recognized of derivative liabilities		33
Gross amount of derivative liabilities offset		0
Net derivative liability amount offset presented		33
Right to claim Financial instrument, derivatives liabilities		(33)
Right to claim Cash Collateral, derivatives liabilities		0
Net derivatives liability amount not offset		0
Gross amount recognized of repurchase agreements	$ 600,000	600,000
Gross amount of repurchase agreements offset	200,000	0
Net repurchase agreements amount offset presented	400,000	600,000
Right to claim Financial instrument, repurchase agreements	(400,000)	(600,000)
Right to claim Cash Collateral, repurchase agreements	0	0
Net repurchase agreements amount not offset	0	0
Gross amount recognized of liabilities		600,033
Gross amount of liabilties offset		0
Net liabilities amount offset presented		600,033
Right to claim Financial instrument, liabilities		(600,033)
Right to claim Cash Collateral, liabilties		0
Net liability amount not offset		$ 0
Securities Purchased Under Agreements To Resell Gross	200,000
Securities Purchased Under Agreements To Resell Liability	(200,000)
Securities Purchased Under Agreements To Resell Not Offset	0
Securities Purchased Under Agreements To Resell Collateral Obligation To Return Securities	0
Securities Purchased Under Agreements To Resell Collateral Obligation To Return Cash	0
Securities Purchased Under Agreements To Resell Amount Offset Against Collateral	$ 0

GOODWILL AND OTHER INTANGIBL107

GOODWILL AND OTHER INTANGIBLES - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Jun. 30, 2012
Finite Lived Intangible Assets [Line Items]
Goodwill	$ 28,100		$ 28,100		$ 28,100
Purchase credit card relationship intangible amount						$ 24,500
Amortization expense			2,491	$ 2,488
Purchased Credit Card Relationship Intangible [Member]
Finite Lived Intangible Assets [Line Items]
Purchase credit card relationship intangible amount	$ 24,465		24,465		$ 24,465
Amortization period of purchased credit card relationship intangible	6 years 4 months 24 days				6 years 10 months 24 days
Amortization expense	$ 800	$ 900	1,500	1,700
Core Deposits [Member]
Finite Lived Intangible Assets [Line Items]
Purchase credit card relationship intangible amount	$ 45,844		45,844		$ 45,844
Amortization period of purchased credit card relationship intangible	9 years 8 months 12 days				8 years 4 months 24 days
Amortization expense	$ 600	$ 400	$ 1,000	$ 800

GOODWILL AND OTHER INTANGIBL108

GOODWILL AND OTHER INTANGIBLES - Gross Amount and Accumulated Amortization of Other Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2012
Finite Lived Intangible Assets [Line Items]
Gross amount			$ 24,500
Goodwill And Intangible Assets Disclosure [Abstract]
Finite Lived Intangible Assets Amortization Expense Next Twelve Months	$ 2,652
Finite Lived Intangible Assets Amortization Expense Year Two	4,884
Finite Lived Intangible Assets Amortization Expense Year Three	4,270
Finite Lived Intangible Assets Amortization Expense Year Four	3,313
Finite Lived Intangible Assets Amortization Expense After Year Five	10,018
Core Deposits [Member]
Finite Lived Intangible Assets [Line Items]
Gross amount	45,844	$ 45,844
Finite lived Intangible Assets Acquired 1	5,820	0
Accumulated amortization	(41,381)	(40,424)
Net carrying amount	$ 10,283	$ 5,420
Remaining amortization period	9 years 8 months 12 days	8 years 4 months 24 days
Purchased Credit Card Relationship Intangible [Member]
Finite Lived Intangible Assets [Line Items]
Gross amount	$ 24,465	$ 24,465
Accumulated amortization	(9,611)	(8,076)
Net carrying amount	$ 14,854	$ 16,389
Remaining amortization period	6 years 4 months 24 days	6 years 10 months 24 days

NON-CONSOLIDATED VARIABLE IN109

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended			3 Months Ended		12 Months Ended
	Feb. 16, 2011	Sep. 30, 2004	Apr. 30, 2004	Jun. 30, 2015	Mar. 31, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2013
Servicing Liabilities At Fair Value [Line Items]
Principal amount of corporation serviced loans securitized through GNMA				$ 1,200
Balance of amortization with third party				39.8
Carrying value with third party				$ 29.4
Percentage of weighted average yield with third party				2.18%
Working capital line of credit to fund certain expenses	$ 20							$ 7
Percentage Of Trust Preferred Securities That Qualify As Tier 1 Capital						0.00%	25.00%
Debt Instrument Description Of Variable Rate Basis				90-day LIBOR
Working Capital Line Expiration Period				2 years
Interest Expense Accrued Trust Preferred Securities				$ 24.9
Equity Method Investments Estimated Discount Factor				17.57%
Maximum [Member]
Servicing Liabilities At Fair Value [Line Items]
Percentage of variation in assumptions				20.00%
Minimum [Member]
Servicing Liabilities At Fair Value [Line Items]
Percentage of variation in assumptions					10.00%
Fbp Statutory Trust One [Member]
Servicing Liabilities At Fair Value [Line Items]
Variable rate trust preferred securities			$ 100
Proceeds of the issuance, together with proceeds of the purchase			3.1
Principal amount of corporation's junior subordinated deferrable debentures			$ 103.1
Fbp Statutory Trust Two [Member]
Servicing Liabilities At Fair Value [Line Items]
Variable rate trust preferred securities		$ 125
Proceeds of the issuance, together with proceeds of the purchase		3.9
Principal amount of corporation's junior subordinated deferrable debentures		$ 128.9
Cpg Gs [Member]
Servicing Liabilities At Fair Value [Line Items]
Loans Sold to CPG	269.3
Cash realized on sale of loan	88.5
Loans acquired on exchange of loan held for sale	$ 136.1
Description of loan	30-day LIBOR plus 300 basis points
Carrying amount of loan provided				$ 15.5
Line of credit facility provided to fund unfunded commitments	$ 80
Revolver agreement of credit facility provided amount outstanding				23.6
Working capital line of credit facility provided amount outstanding				$ 0
Prlp [Member]
Servicing Liabilities At Fair Value [Line Items]
Percentage of ownership investment in unconsolidated entity	65.00%
Percentage of priority interest to be received on invested capital	12.00%
Payment to be made on pro rata basis	35.00%
FirstBank [Member]
Servicing Liabilities At Fair Value [Line Items]
Acquired Equity interest on disposal of loans held for sale	35.00%
Percentage of priority interest to be received on invested capital	12.00%
Payment to be made on pro rata basis	65.00%

NON-CONSOLIDATED VARIABLE IN110

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Income Statement Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Variable Interest Entity [Line Items]
Net income (loss)	$ (34,074)	$ 21,225	$ (8,428)	$ 38,308
Cpg Gs [Member]
Variable Interest Entity [Line Items]
Revenues	944	2,118	1,531	2,869
Gross profit	(2,657)	(455)	(10,897)	(1,963)
Net income (loss)	$ (2,522)	$ (2,355)	$ (10,273)	$ (4,802)

NON-CONSOLIDATED VARIABLE IN111

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Changes in Servicing Assets (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Servicing Assets At Amortized Value [Line Items]
Balance at beginning of period		$ 22,973	$ 22,026	$ 22,838	$ 21,987
Capitalization of servicing assets		1,474	1,017	2,547	2,069
Amortization		(795)	(790)	(1,651)	(1,573)
Adjustment to servicing assets for loans repurchased	[1]	(24)	(22)	(68)	(33)
Adjustment to fair value		(109)	39	(147)	(180)
Balance at end of period		$ 23,519	$ 22,270	$ 23,519	$ 22,270
[1]	Amount represents the adjustment to fair value related to the repurchase of loans serviced for others.

NON-CONSOLIDATED VARIABLE IN112

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Changes in Impairment Allowance (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Valuation Allowance For Impairment Of Recognized Servicing Assets [Line Items]
Balance at beginning of period	$ 93	$ 431	$ 55	$ 212
Temporary impairment charges	128	24	186	243
Recoveries	(19)	(63)	(39)	(63)
Balance at end of period	$ 202	$ 392	$ 202	$ 392

NON-CONSOLIDATED VARIABLE IN113

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Components of Net Servicing Income (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Servicing fees		$ 1,780	$ 1,689	$ 3,544	$ 3,360
Late charges and prepayment penalties		177	177	367	341
Other		(14)	(689)	(103)	(1,047)
Adjustment to servicing assets for loans repurchased	[1]	(24)	(22)	(68)	(33)
Servicing income, gross		1,919	1,155	3,740	2,621
Amortization and impairment of servicing assets		(904)	(751)	(1,798)	(1,753)
Servicing income, net		$ 1,015	$ 404	$ 1,942	$ 868
[1]	Amount represents the adjustment to fair value related to the repurchase of loans serviced for others.

NON-CONSOLIDATED VARIABLE IN114

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, 2015	Jun. 30, 2014
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	9.20%	9.60%
Discount rate	11.50%	11.50%
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	7.90%	9.10%
Discount rate	11.50%	11.50%
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	9.00%	9.40%
Discount rate	9.50%	9.50%
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	7.90%	8.90%
Discount rate	9.50%	9.50%
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	14.00%	13.40%
Discount rate	13.80%	13.90%
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	12.90%	12.70%
Discount rate	13.80%	13.80%

NON-CONSOLIDATED VARIABLE IN115

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Weighted-Averages of Key Economic Assumptions in Valuation Model (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Carrying amount of servicing assets	$ 23,519	$ 22,973	$ 22,838	$ 22,270	$ 22,026	$ 21,987
Fair value	$ 26,429
Weighted-average expected life	9 years 4 months 24 days
Constant prepayment rate	9.16%
Decrease in fair value due to 10% adverse change	$ 881
Decrease in fair value due to 20% adverse change	$ 1,713
Discount rate	10.63%
Decrease in fair value due to 10% adverse change	$ 1,130
Decrease in fair value due to 20% adverse change	$ 2,173

DEPOSITS - Summary of Deposit B

DEPOSITS - Summary of Deposit Balances (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Deposits [Line Items]
Non-interest bearing checking accounts	$ 1,271,464	$ 900,616
Savings accounts	2,549,230	2,450,484
Interest-bearing checking accounts	1,063,381	1,054,136
Certificates of deposit	2,289,688	2,191,663
Brokered certificates of deposit	2,330,813	2,887,046
Total deposits	$ 9,504,576	$ 9,483,945

DEPOSITS - Brokered Certificate

DEPOSITS - Brokered Certificates Of Deposit Mature (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Deposits [Line Items]
Interest Bearing Domestic Deposit Brokered	$ 2,330,813	$ 2,887,046
One to ninety days
Deposits [Line Items]
Interest Bearing Domestic Deposit Brokered	564,546
Over three month to six months
Deposits [Line Items]
Interest Bearing Domestic Deposit Brokered	514,170
Over six months to one year
Deposits [Line Items]
Interest Bearing Domestic Deposit Brokered	570,971
One to three year
Deposits [Line Items]
Interest Bearing Domestic Deposit Brokered	645,059
Three to five years
Deposits [Line Items]
Interest Bearing Domestic Deposit Brokered	0
Over five years
Deposits [Line Items]
Interest Bearing Domestic Deposit Brokered	$ 36,067

DEPOSITS - Components of Intere

DEPOSITS - Components of Interest Expense on Deposits (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Deposits [Line Items]
Interest expense on deposits	$ 16,096	$ 17,750	$ 32,455	$ 36,264
Accretion Of Premium From Acquisitions	(285)	0	(285)	0
Amortization of broker placement fees	1,169	1,716	2,504	3,501
Interest expense on deposits	$ 16,980	$ 19,466	$ 34,674	$ 39,765

SECURITIES SOLD UNDER AGREEM119

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Securities Sold Under Agreements to Repurchase (Detail) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
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%)	[1],[2]	$ 700,000	$ 900,000
[1]	As of June 30, 2015, includes $600 million with an average rate of 2.96% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2015. Subsequent to July 9, 2015, no lender has exercised its call option on repurchase agreements. In addition, $500 million is tied to variable rates.
[2]	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreement) by counterparty, when applicable, pursuant to ASC 210-20-45-11.

SECURITIES SOLD UNDER AGREEM120

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Securities Sold Under Agreements to Repurchase (Parenthetical) (Detail) - USD ($) $ in Thousands		Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items]
Securities sold under agreements to repurchase	[1],[2]	$ 700,000		$ 900,000
Securites Sold Under Agreement To Repurchase Restructurings			$ 400,000
Securities For Reverse Repurchase Agreements			200,000
Combination Of Interest Rate Reduction And Extension Of Contractual Maturity [Member]
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items]
Securites Sold Under Agreement To Repurchase Restructurings			200,000
Extension Of Contractual Maturity [Member]
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items]
Securites Sold Under Agreement To Repurchase Restructurings			$ 200,000
Maximum [Member]
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items]
Assets sold under agreements to repurchase interest rate		3.36%		4.50%
Minimum [Member]
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items]
Assets sold under agreements to repurchase interest rate		1.96%		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		2.96%
[1]	As of June 30, 2015, includes $600 million with an average rate of 2.96% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2015. Subsequent to July 9, 2015, no lender has exercised its call option on repurchase agreements. In addition, $500 million is tied to variable rates.
[2]	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreement) by counterparty, when applicable, pursuant to ASC 210-20-45-11.

SECURITIES SOLD UNDER AGREEM121

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Schedule of Repurchase Agreement Maturity (Detail) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Repurchase Agreement [Line Items]
Securities Sold Under Agreements To Repurchase	[1],[2]	$ 700,000	$ 900,000
Less than three years
Repurchase Agreement [Line Items]
Securities Sold Under Agreements To Repurchase		500,000
Over five years
Repurchase Agreement [Line Items]
Securities Sold Under Agreements To Repurchase		$ 200,000
[1]	As of June 30, 2015, includes $600 million with an average rate of 2.96% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2015. Subsequent to July 9, 2015, no lender has exercised its call option on repurchase agreements. In addition, $500 million is tied to variable rates.
[2]	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreement) by counterparty, when applicable, pursuant to ASC 210-20-45-11.

SECURITIES SOLD UNDER AGREEM122

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Schedule of Repurchase Agreement Maturity (Parenthetical) (Detail) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Repurchase Agreement [Line Items]
Securities Sold Under Agreements To Repurchase	[1],[2]	$ 700,000	$ 900,000
Callable Repurchase Agreements [Member]
Repurchase Agreement [Line Items]
Securities Sold Under Agreements To Repurchase		600,000
Variable Rate [Member]
Repurchase Agreement [Line Items]
Securities Sold Under Agreements To Repurchase		$ 500,000
[1]	As of June 30, 2015, includes $600 million with an average rate of 2.96% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2015. Subsequent to July 9, 2015, no lender has exercised its call option on repurchase agreements. In addition, $500 million is tied to variable rates.
[2]	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreement) by counterparty, when applicable, pursuant to ASC 210-20-45-11.

SECURITIES SOLD UNDER AGREEM123

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Repurchase Agreements Grouped by Counterparty (Detail) - USD ($) $ in Thousands		3 Months Ended
		Jun. 30, 2015	Dec. 31, 2014
Repurchase Agreement Counterparty [Line Items]
Repurchase agreements, interest ranging from 2.45% to 3.39% (December 31, 2011 - 2.50% to 4.40%) (1)	[1],[2]	$ 700,000	$ 900,000
Citigroup Global Markets [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)		$ 300,000
Weighted-Average Maturity		1 year 3 months 29 days
Jp Morgan Chase [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)		$ 200,000
Weighted-Average Maturity		6 years 6 months 29 days
Dean Witter Morgan Stanley [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)		$ 100,000
Weighted-Average Maturity		2 years 3 months 29 days
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)		$ 100,000
Weighted-Average Maturity		3 months
[1]	As of June 30, 2015, includes $600 million with an average rate of 2.96% that lenders have the right to call before their contractual maturities at various dates beginning on July 9, 2015. Subsequent to July 9, 2015, no lender has exercised its call option on repurchase agreements. In addition, $500 million is tied to variable rates.
[2]	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreement) by counterparty, when applicable, pursuant to ASC 210-20-45-11.

ADVANCES FROM THE FEDERAL HO124

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Summary of Advances from FHLB (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Short Term Debt [Line Items]
Fixed-rate advances from FHLB, with a weighted-average interest rate of 1.69% (December 31, 2012 - 2.26%)	$ 325,000	$ 325,000

ADVANCES FROM THE FEDERAL HO125

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Summary of Advances from FHLB (Parenthetical) (Detail)	Jun. 30, 2015	Dec. 31, 2014
Short Term Debt [Line Items]
Weighted-average interest rate	1.17%	1.17%

ADVANCES FROM THE FEDERAL HO126

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Advances from FHLB Mature (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Federal Home Loan Bank Advances Branch Of F H L B Bank [Line Items]
Federal Home Loan Bank Advances	$ 325,000	$ 325,000
Over one to three years
Federal Home Loan Bank Advances Branch Of F H L B Bank [Line Items]
Federal Home Loan Bank Advances	300,000
Over three years
Federal Home Loan Bank Advances Branch Of F H L B Bank [Line Items]
Federal Home Loan Bank Advances	$ 25,000

ADVANCES FROM THE FEDERAL HO127

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Additional Information (Detail) $ in Millions	Jun. 30, 2015USD ($)
Federal Home Loan Bank Advances Branch Of F H L B Bank [Line Items]
Credit facility based on collateral pledged	$ 656

OTHER BORROWINGS - Components o

OTHER BORROWINGS - Components of Other Borrowings (Detail) - Entity [Domain] - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Junior subordinated debentures due in 2034	$ 226,492	$ 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	97,626	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 - Component129

OTHER BORROWINGS - Components of Other Borrowings (Parenthetical) (Detail)	3 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
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	3.00%	2.99%
Subordinated Borrowing Due Date	Jun. 17, 2034
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	2.78%	2.75%
Subordinated Borrowing Due Date	Sep. 20, 2034
Callable step-rate notes rate	2.50%

STOCKHOLDERS' EQUITY - Addition

STOCKHOLDERS' EQUITY - Additional Information (Detail) - Share Based Compensation Plan Name [Domain] - Range [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Class Of Stock [Line Items]
Common stock, shares authorized	2,000,000,000	2,000,000,000		2,000,000,000
Common stock, par value	$ 0.10	$ 0.10		$ 0.10
Common stock, shares issued	215,552,377	215,552,377		213,724,749
Common stock, shares outstanding	214,694,470	214,694,470		212,984,700
Granted shares of restricted stock		824,032
Corporation has authorized shares of preferred stock	50,000,000	50,000,000		50,000,000
Preferred stock, par value	$ 1	$ 1
Stock repurchase plan treasury stock	857,907	857,907		740,049
Repurchased of common stock		117,858
Liquidation value per share	$ 25	$ 25
Legal surplus reserve amount	$ 40,000	$ 40,000
Conversion Of Stock Shares Issued1	852,831		4,597,121
Shares Of Preferred Stock Exchanged			1,077,726
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number	2,939,794	2,939,794		2,327,156
Trust Preferred Securities Exchanged Liquidation Value		$ 5,303	$ 0
Restricted Stock [Member]
Class Of Stock [Line Items]
Repurchased of common stock		61,372
Other Fifty Percentage Restricted Stock Nonvest Awards [Member]
Class Of Stock [Line Items]
Percentage of restricted stock lapse			50.00%
Series A Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock dividend rate percentage	7.125%
Series B Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock dividend rate percentage	8.35%
Series C Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock dividend rate percentage	7.40%
Series D Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock dividend rate percentage	7.25%
Series E Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock dividend rate percentage	7.00%

STOCKHOLDERS' EQUITY - Exchange

STOCKHOLDERS' EQUITY - Exchange offer with respect to Series A through E preferred stock (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Class Of Stock [Line Items]
Liquidation value per share	$ 25
Preferred stock, shares outstanding	1,444,146		1,444,146
Shares Of Preferred Stock Exchanged		1,077,726
Preferred Stock Value	$ 36,104		$ 36,104
Conversion Of Stock Shares Issued1	852,831	4,597,121
Series A Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock dividend rate percentage	7.125%
Series B Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock dividend rate percentage	8.35%
Series C Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock dividend rate percentage	7.40%
Series D Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock dividend rate percentage	7.25%
Series E Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock dividend rate percentage	7.00%

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Detail) - Entity [Domain] - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	May. 28, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Income Tax Contingency [Line Items]
Percentage of national gross tax receipt							1.00%
National gross receipt expense					$ 2,800
Percentage of gross receipt tax credit							0.50%
Gross income credit amount					1,400
Percentage of dividend received deduction from controlled subsidiaries		100.00%
Percentage of dividend received from other taxable domestic corporations		85.00%
Income tax expense		$ (9,844)	$ (276)	$ (1,812)	$ 611
Deferred Tax Assets Net		$ 204,000		$ 204,000
Minimum percentage of bank net taxable income for paying Income tax at normal rate		20.00%
Cumulative Loss Position Period		3 years
Valuation Allowance Deferred Tax Asset Change In Amount						$ 302,900
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions						(1,800)
Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities						2,500
Effective Tax Rate Pretax Losses		30.00%
Effective Tax Rate Including All Entities		18.00%
Deferred Tax Assets Liabilities Net						$ 313,000
Accrued Interest Decreases Resulting From Settlements With Taxing Authorities		$ 1,300
Threshold For Net Operating Losses Deduction	80.00%					90.00%
Puerto Rico [Member]
Income Tax Contingency [Line Items]
Statute of limitations under income tax act		4 years
United States [Member]
Income Tax Contingency [Line Items]
Statute of limitations under income tax act		3 years
Virgin Islands [Member]
Income Tax Contingency [Line Items]
Statute of limitations under income tax act		3 years

INCOME TAXES - Reconciliation o

INCOME TAXES - Reconciliation of Unrecognized Tax Benefits (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2014USD ($)
Reconciliation Of Unrecognized Tax Benefits Excluding Amounts Pertaining To Examined Tax Returns Roll Forward
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions	$ (1.8)
Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities	$ (2.5)

FAIR VALUE - Additional Informa

FAIR VALUE - Additional Information (Detail)	Jun. 30, 2015USD ($)
Debt Instrument [Line Items]
Maximum amount of interest in brokered CD sold by broker	$ 250,000

FAIR VALUE - Assets and Liabili

FAIR VALUE - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Securities available for sale
Investment securities available for sale	$ 1,965,683	$ 1,965,666
Derivatives, included in assets:
Derivatives, included in assets	136	39
Derivatives, included in liabilities:
Derivatives, included in liabilities	102	187
Forward Contracts [Member]
Derivatives, included in assets:
Derivatives, included in assets	136	0
Derivatives, included in liabilities:
Derivatives, included in liabilities	102	148
U S Treasury Securities [Member]
Securities available for sale
Investment securities available for sale	7,538	7,499
Us Government Agencies Debt Securities Noncallable [Member]
Securities available for sale
Investment securities available for sale	320,140	228,157
Us Government Agencies Debt Securities Callable [Member]
Securities available for sale
Investment securities available for sale	1,573,818	1,653,140
US States And Political Subdivisions Member [Member]
Securities available for sale
Investment securities available for sale	34,577	43,222
Private Label Mbs [Member]
Securities available for sale
Investment securities available for sale	29,510	33,648
Interest Rate Cap [Member] | Purchase
Derivatives, included in assets:
Derivatives, included in assets	0	6
Interest Rate Cap [Member] | Written
Derivatives, included in liabilities:
Derivatives, included in liabilities	0	6
Interest Rate Swap [Member]
Derivatives, included in assets:
Derivatives, included in assets	0	33
Derivatives, included in liabilities:
Derivatives, included in liabilities	0	33
Other Available For Sale Securities [Member]
Securities available for sale
Investment securities available for sale	100	0
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] | U S Treasury Securities [Member]
Securities available for sale
Investment securities available for sale	7,538	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 1 [Member] | Other Available For Sale Securities [Member]
Securities available for sale
Investment securities available for sale	0	0
Fair Value Inputs Level 2 [Member] | Forward Contracts [Member]
Derivatives, included in assets:
Derivatives, included in assets	136	0
Derivatives, included in liabilities:
Derivatives, included in liabilities	102	148
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	320,140	228,157
Fair Value Inputs Level 2 [Member] | Us Government Agencies Debt Securities Callable [Member]
Securities available for sale
Investment securities available for sale	1,573,818	1,653,140
Fair Value Inputs Level 2 [Member] | US States And Political Subdivisions Member [Member]
Securities available for sale
Investment securities available for sale	32,447	40,658
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	0	6
Fair Value Inputs Level 2 [Member] | Interest Rate Cap [Member] | Written
Derivatives, included in liabilities:
Derivatives, included in liabilities	0	6
Fair Value Inputs Level 2 [Member] | Interest Rate Swap [Member]
Derivatives, included in assets:
Derivatives, included in assets	0	33
Derivatives, included in liabilities:
Derivatives, included in liabilities	0	33
Fair Value Inputs Level 2 [Member] | Other Available For Sale Securities [Member]
Securities available for sale
Investment securities available for sale	0	0
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] | 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	2,130	2,564
Fair Value Inputs Level 3 [Member] | Private Label Mbs [Member]
Securities available for sale
Investment securities available for sale	29,510	33,648
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 Inputs Level 3 [Member] | Other Available For Sale Securities [Member]
Securities available for sale
Investment securities available for sale	$ 100	$ 0

FAIR VALUE - Fair Value of Asse

FAIR VALUE - Fair Value of Assets and Liabilities Measured on Recurring Basis (Detail) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2015		Jun. 30, 2014		Jun. 30, 2015		Jun. 30, 2014
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance		$ 34,314	[1]	$ 47,510	[1]	$ 36,212	[2]	$ 43,292	[2]
Total gains or (losses) (realized/unrealized):
Net impairement losses on investment securites (credit component)		(241)	[1]	0	[1]	(397)	[2]	0	[2]
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss		525	[1]	729	[1]	1,144	[2]	1,693	[2]
Sales		0	[1]	(4,855)	[1]	0	[2]	(4,855)	[2]
Purchases	[2]					100		5,123
Principal Repayments		(2,858)	[1]	(2,466)	[1]	(5,319)	[2]	(4,335)	[2]
Ending balance	[1],[2]	31,740		40,918		31,740		40,918
Available for Sale Securities
Total gains or (losses) (realized/unrealized):
Net impairement losses on investment securites (credit component)		$ 241		$ 0		$ (397)		$ 0
[1]	Amounts mostly related to private label mortgage-backed securities.
[2]	Amounts mostly related to private label mortgage-backed securities.

FAIR VALUE - Assets and Liab137

FAIR VALUE - Assets and Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate used for calculation of mortgage servicing rights value	14.50%	14.50%
Fair value input prepayment rate	29.00%	32.00%
Private Label Mbs [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 29,510
Discount rate used for calculation of mortgage servicing rights value	14.50%
US States And Political Subdivisions Member [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 2,130
Unobservable input prepayment rate	2.89%
Discounted Cash Flow [Member] | Private Label Mbs [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Valuation technique	Discounted cash flow
Discounted Cash Flow [Member] | US States And Political Subdivisions Member [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Valuation technique	Discounted cash flow
Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value input prepayment rate	17.37%	19.89%
Minimum [Member] | Private Label Mbs [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Unobservable input prepayment rate	17.37%
Fair value projected Cumulative Loss Rate	0.16%
Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value input prepayment rate	100.00%	100.00%
Maximum [Member] | Private Label Mbs [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Unobservable input prepayment rate	100.00%
Fair value projected Cumulative Loss Rate	80.00%

FAIR VALUE - Change in unrealiz

FAIR VALUE - Change in unrealized losses included in earnings (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2015		Jun. 30, 2014		Jun. 30, 2015		Jun. 30, 2014
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Net impairement losses on investment securites (credit component)	$ (241)	[1]	$ 0	[1]	$ (397)	[2]	$ 0	[2]
Available for Sale Securities
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Net impairement losses on investment securites (credit component)	$ 241		$ 0		$ (397)		$ 0
[1]	Amounts mostly related to private label mortgage-backed securities.
[2]	Amounts mostly related to private label mortgage-backed securities.

FAIR VALUE - Impairment of Valu

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

3 Months Ended

6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Jun. 30, 2015

Jun. 30, 2014

Mar. 31, 2015

Dec. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

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

Mortgage servicing rights

$ 23,519

$ 22,270

$ 23,519

$ 22,270

$ 22,973

$ 22,838

$ 22,026

$ 21,987

Fair Value Measurements Nonrecurring [Member] | Loans Receivable [Member]

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

Assets Fair Value Adjustment

(3,586)

[1]

(3,742)

[2]

(15,850)

[1]

(34,193)

[2]

Fair Value Measurements Nonrecurring [Member] | Other Real Estate Owned [Member]

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

Assets Fair Value Adjustment

(1,906)

[3]

(4,481)

[4]

(5,751)

[3]

(8,958)

[4]

Fair Value Measurements Nonrecurring [Member] | Mortgage Servicing Rights [Member]

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

Assets Fair Value Adjustment

(109)

[5]

39

[6]

(147)

[5]

(180)

[6]

Fair Value Measurements Nonrecurring [Member] | Loans Held For Sale [Member]

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

Assets Fair Value Adjustment

0

[7]

0

[8]

0

[7]

0

[8]

Fair Value Inputs Level 1 [Member]

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

Loans receivable

0

[1]

0

[2]

0

[1]

0

[2]

Other Real Estate Owned

0

[3]

0

[4]

0

[3]

0

[4]

Mortgage servicing rights

0

[5]

0

[6]

0

[5]

0

[6]

Loans held for sale

0

[7]

0

[8]

0

[7]

0

[8]

Fair Value Inputs Level 2 [Member]

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

Loans receivable

0

[1]

0

[2]

0

[1]

0

[2]

Other Real Estate Owned

0

[3]

0

[4]

0

[3]

0

[4]

Mortgage servicing rights

0

[5]

0

[6]

0

[5]

0

[6]

Loans held for sale

0

[7]

0

[8]

0

[7]

0

[8]

Fair Value Inputs Level 3 [Member]

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

Loans receivable

298,935

[1]

484,381

[2]

298,935

[1]

484,381

[2]

Other Real Estate Owned

122,129

[3]

121,842

[4]

122,129

[3]

121,842

[4]

Mortgage servicing rights

23,519

[5]

22,270

[6]

23,519

[5]

22,270

[6]

Loans held for sale

$ 48,032

[7]

$ 54,755

[8]

$ 48,032

[7]

$ 54,755

[8]

[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]

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 and net operating income of income producing properties) that are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio.

[4]

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 and net operating income of income producing properties) that are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio.

[5]

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 of 9.16%, Discount Rate of 10.63%.

[6]

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 of 9.78%, Discount Rate of 10.62%.

[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 in such agreements.

[8]

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 V140

FAIR VALUE - Impairment of Valuation Adjustments were Recorded for Assets Recognized at Fair Value (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Repayment rate used for the calculation of mortgage servicing rights value	29.00%		32.00%
Discount rate used for calculation of mortgage servicing rights value	14.50%		14.50%
Loans held for sale	$ 80,026		$ 76,956
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	9.16%	9.78%
Discount rate used for calculation of mortgage servicing rights value	10.63%	10.62%

FAIR VALUE - Qualitative Inform

FAIR VALUE - Qualitative Information Regarding Fair Value Measurements for Level 3 Financial Instruments (Detail)	3 Months Ended
	Jun. 30, 2015
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 of 9.16%; weighted average discount rate of 10.63%

FAIR VALUE - Fair Value (Detail

FAIR VALUE - Fair Value (Detail) - Entity [Domain] - USD ($) $ in Thousands	Jun. 30, 2015		Dec. 31, 2014	Jun. 30, 2014
Assets:
Investment securities available for sale	$ 1,965,683		$ 1,965,666
Less: allowance for loan and lease losses	(221,518)		(222,395)
Derivatives, included in assets	136		39
Liabilities:
Other borrowings	226,492		231,959
Derivatives, included in liabilities	102		187
Fair Value Inputs Level 1 [Member]
Assets:
Loans held for sale	0	[1]		$ 0	[2]
Loans held for investment, net of allowance	0	[3]		0	[4]
Fair Value Inputs Level 2 [Member]
Assets:
Loans held for sale	0	[1]		0	[2]
Loans held for investment, net of allowance	0	[3]		0	[4]
Fair Value Inputs Level 3 [Member]
Assets:
Loans held for sale	48,032	[1]		54,755	[2]
Loans held for investment, net of allowance	298,935	[3]		$ 484,381	[4]
Carrying Reported Amount Fair Value Disclosure [Member]
Assets:
Cash and due from banks and money market investments	682,403		796,108
Investment securities available for sale	1,965,683		1,965,666
Other equity securities	26,152		25,752
Loans held for sale	80,026		76,956
Loans, held for investment	9,217,675		9,262,436
Less: allowance for loan and lease losses	(221,518)		(222,395)
Loans held for investment, net of allowance	8,996,157		9,040,041
Derivatives, included in assets	136		39
Liabilities:
Deposits	9,504,576		9,483,945
Securities sold under agreements to repurchase	700,000		900,000
Advances from FHLB	325,000		325,000
Other borrowings	226,492		231,959
Derivatives, included in liabilities	102		187
Estimate Of Fair Value Fair Value Disclosure [Member]
Assets:
Cash and due from banks and money market investments	682,403		796,108
Investment securities available for sale	1,965,683		1,965,666
Other equity securities	26,152		25,752
Loans held for sale	81,028		77,888
Loans held for investment, net of allowance	8,817,476		8,844,659
Derivatives, included in assets	136		39
Liabilities:
Deposits	9,505,374		9,486,325
Securities sold under agreements to repurchase	758,855		958,715
Advances from FHLB	325,813		324,376
Other borrowings	136,762		162,344
Derivatives, included in liabilities	102		187
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level 1 [Member]
Assets:
Cash and due from banks and money market investments	682,403		796,108
Investment securities available for sale	7,538		7,499
Other equity securities	0		0
Loans held for sale	0		0
Loans held for investment, net of allowance	0		0
Derivatives, included in assets	0		0
Liabilities:
Deposits	0		0
Securities sold under agreements to repurchase	0		0
Advances from FHLB	0		0
Other borrowings	0		0
Derivatives, included in liabilities	0		0
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level 2 [Member]
Assets:
Cash and due from banks and money market investments	0		0
Investment securities available for sale	1,926,405		1,921,955
Other equity securities	26,152		25,752
Loans held for sale	32,996		23,247
Loans held for investment, net of allowance	0		0
Derivatives, included in assets	136		39
Liabilities:
Deposits	9,505,374		9,486,325
Securities sold under agreements to repurchase	758,855		958,715
Advances from FHLB	325,813		324,376
Other borrowings	0		0
Derivatives, included in liabilities	102		187
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level 3 [Member]
Assets:
Cash and due from banks and money market investments	0		0
Investment securities available for sale	31,740		36,212
Other equity securities	0		0
Loans held for sale	48,032		54,641
Loans held for investment, net of allowance	8,817,476		8,844,659
Derivatives, included in assets	0		0
Liabilities:
Deposits	0		0
Securities sold under agreements to repurchase	0		0
Advances from FHLB	0		0
Other borrowings	136,762		162,344
Derivatives, included in liabilities	$ 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 in 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]	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 INFOR143

SUPPLEMENTAL CASH FLOW INFORMATION - Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Feb. 27, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Cash paid for:
Interest on borrowings				$ 48,648	$ 51,817
Income tax				2,439	2,524
Non-cash investing and financing activities:
Additions to other real estate owned				27,625	13,267
Additions to auto repossesions				39,928	43,091
Loan securitizations				130,999	104,236
Capitalization of servicing assets		$ 1,474	$ 1,017	2,547	2,069
Exchange Of Preferred Stock Series For Common Stock Net		0	26,022	0	26,022
Value Of Common Stock Issued In Exchange For Preferred Stock Series		$ 0	$ 24,363	0	24,363
Fair Value Of Assets Acquired	$ 540,339
Common Stock Issued In Exchange For Trust Preferred Securities Value				5,628	0
Trust Preferred Securities Exchanged Liquidation Value				5,303	0
Deposits [Member]
Non-cash investing and financing activities:
Liabilities Assumed1	523,517			523,517	0
Loans [Member]
Non-cash investing and financing activities:
Fair Value Of Assets Acquired	311,410			311,410	0
Property Plant And Equipment [Member]
Non-cash investing and financing activities:
Fair Value Of Assets Acquired	5,450			5,450	0
Cash [Member]
Non-cash investing and financing activities:
Fair Value Of Assets Acquired	217,659
Core Deposits [Member]
Non-cash investing and financing activities:
Fair Value Of Assets Acquired	5,820			$ 5,820	$ 0
Other Liabilities [Member]
Non-cash investing and financing activities:
Liabilities Assumed1	$ 3,379

SEGMENT INFORMATION - Additiona

SEGMENT INFORMATION - Additional Information (Detail)	3 Months Ended
	Jun. 30, 2015numberofreportableunits
Number of reportable segments	6

SEGMENT INFORMATIO - Informatio

SEGMENT INFORMATIO - Information about reportable segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Interest income	$ 151,632	$ 158,423	$ 304,117	$ 318,994
Net (charge) credit for transfer of funds	0	0	0	0
Interest expense	(25,155)	(28,516)	(51,993)	(57,767)
Net interest income (loss)	126,477	129,907	252,124	261,227
(Provision) release for loan and lease losses	(74,266)	(26,744)	(107,236)	(58,659)
Non-interest income (loss)	6,670	16,601	25,956	34,561
Direct non-interest expenses	(69,940)	(73,991)	(134,645)	(145,786)
Segment (loss) income	(11,059)	45,773	36,199	91,343
Average earnings assets	11,908,667	12,013,689	11,924,822	12,054,854
Mortgage Banking [Member]
Segment Reporting Information [Line Items]
Interest income	36,296	27,444	70,172	53,192
Net (charge) credit for transfer of funds	(12,347)	(8,736)	(23,583)	(17,282)
Interest expense	0	0	0	0
Net interest income (loss)	23,949	18,708	46,589	35,910
(Provision) release for loan and lease losses	(7,944)	(4,089)	(14,907)	(7,473)
Non-interest income (loss)	4,232	2,701	7,631	5,803
Direct non-interest expenses	(9,228)	(10,340)	(17,293)	(20,172)
Segment (loss) income	11,009	6,980	22,020	14,068
Average earnings assets	2,669,391	2,029,859	2,581,309	1,993,129
Consumer Retail Banking [Member]
Segment Reporting Information [Line Items]
Interest income	49,031	54,869	98,867	110,681
Net (charge) credit for transfer of funds	4,797	4,136	8,481	7,771
Interest expense	(5,853)	(5,882)	(11,510)	(12,678)
Net interest income (loss)	47,975	53,123	95,838	105,774
(Provision) release for loan and lease losses	(5,957)	(19,475)	(22,642)	(39,970)
Non-interest income (loss)	11,952	10,005	23,745	20,635
Direct non-interest expenses	(32,462)	(31,510)	(64,021)	(63,525)
Segment (loss) income	21,508	12,143	32,920	22,914
Average earnings assets	2,005,232	2,031,391	1,971,815	1,951,587
Commercial And Corporate [Member]
Segment Reporting Information [Line Items]
Interest income	32,753	40,825	67,556	83,124
Net (charge) credit for transfer of funds	(3,893)	(3,049)	(7,688)	(6,048)
Interest expense	0	0	0	0
Net interest income (loss)	28,860	37,776	59,868	77,076
(Provision) release for loan and lease losses	(63,722)	(14,179)	(72,815)	(27,524)
Non-interest income (loss)	555	1,150	1,703	2,917
Direct non-interest expenses	(11,138)	(14,694)	(19,117)	(27,272)
Segment (loss) income	(45,445)	10,053	(30,361)	25,197
Average earnings assets	2,916,014	3,683,746	3,025,204	3,869,311
Treasury And Investments [Member]
Segment Reporting Information [Line Items]
Interest income	11,709	13,988	24,776	29,571
Net (charge) credit for transfer of funds	7,619	4,584	15,373	10,384
Interest expense	(14,522)	(16,783)	(30,529)	(33,544)
Net interest income (loss)	4,806	1,789	9,620	6,411
(Provision) release for loan and lease losses	0	0	0	0
Non-interest income (loss)	(12,519)	344	(12,619)	397
Direct non-interest expenses	(1,045)	(1,514)	(2,384)	(2,640)
Segment (loss) income	(8,758)	619	(5,383)	4,168
Average earnings assets	2,697,611	2,714,179	2,730,699	2,712,564
United States Operations [Member]
Segment Reporting Information [Line Items]
Interest income	12,017	10,879	23,248	21,775
Net (charge) credit for transfer of funds	3,824	3,065	7,417	5,175
Interest expense	(4,056)	(4,855)	(8,395)	(9,652)
Net interest income (loss)	11,785	9,089	22,270	17,298
(Provision) release for loan and lease losses	3,275	10,481	5,408	16,440
Non-interest income (loss)	730	711	1,254	1,152
Direct non-interest expenses	(7,196)	(7,269)	(14,379)	(14,489)
Segment (loss) income	8,594	13,012	14,553	20,401
Average earnings assets	984,329	883,822	978,178	865,091
Virgin Islands Operations [Member]
Segment Reporting Information [Line Items]
Interest income	9,826	10,418	19,498	20,651
Net (charge) credit for transfer of funds	0	0	0	0
Interest expense	(724)	(996)	(1,559)	(1,893)
Net interest income (loss)	9,102	9,422	17,939	18,758
(Provision) release for loan and lease losses	82	518	(2,280)	(132)
Non-interest income (loss)	1,720	1,690	4,242	3,657
Direct non-interest expenses	(8,871)	(8,664)	(17,451)	(17,688)
Segment (loss) income	2,033	2,966	2,450	4,595
Average earnings assets	$ 636,090	$ 670,692	$ 637,617	$ 663,172

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Reportable Segment Financial Information (Detail) - Entity [Domain] - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net Income (Loss):
Total income for segments and other		$ (11,059)	$ 45,773	$ 36,199	$ 91,343
Other non-interest income (loss)	[1]	0	(670)	13,443	(7,280)
Other operating expenses	[2]	(32,859)	(24,154)	(59,882)	(45,144)
Income (loss) before income taxes		(43,918)	20,949	(10,240)	38,919
Income tax expense		9,844	276	1,812	(611)
Total consolidated net income (loss)		(34,074)	21,225	(8,428)	38,308
Average assets:
Total average earning assets for segments		11,908,667	12,013,689	11,924,822	12,054,854
Other average earning assets	[1]	0	152	0	3,343
Average non-earning assets		945,660	640,718	940,335	656,179
Total consolidated average assets		$ 12,854,327	$ 12,654,559	$ 12,865,157	$ 12,714,376
[1]	The bargain purchase gain on the acquisition of assets and assumption of deposits from Doral Bank in 2015 as well as the activities related to the Bank's equity interest in CPG/GS are presented as an Other non-interest income (loss) and the investment in CPG/GS is presented as Other average earning assets in the tables 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, COMMITME147

REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Leverage ratio	3.00%
Tier 1 risk based capital ratio to be considered well capitalzed under PCA	6.00%			6.00%
Total risk based capital to be considered well capitalized under PCA	10.00%			10.00%
Leverage ratio to be considered well capitalized under PCA				5.00%
Commitments	$ 1,100
Trust Preferred Securities	$ 220
Percentage Of Trust Preferred Securities That Qualify As Tier 1 Capital		0.00%	25.00%
Four Major Risk Weightings Categories	0%, 20%, 50%, and 100%
Credit Conversion Factor	20.00%
Credit Cards [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Commitments	$ 647.1
Commercial And Financial Standby Letters Of Credit [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Commitments	$ 50.2
Maximum [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Risk Weightings	100.00%
Basel III [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Common Equity Tier 1 Capital Conservation Buffer	2.50%
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] | 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%
Leverage ratio to be considered well capitalized under PCA	5.00%
Tier 1 Common equity ratio to be considered well capitalized	6.50%
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%
Common Equity Tier 1 Capital Conservation Buffer First Year	0.625%
Basel III [Member] | Maximum [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Risk Weightings	150.00%
FirstBank [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Leverage ratio	13.03%			13.04%
Tier 1 risk based capital ratio	17.85%			18.10%
Total Risk Based Capital Ratio	19.13%			19.37%
Tier 1 risk based capital ratio to be considered well capitalzed under PCA	8.00%
Total risk based capital to be considered well capitalized under PCA	10.00%
Leverage ratio to be considered well capitalized under PCA	5.00%
Common Equity Tier1 Capital To Risk Weight Assets Ratio	15.81%

REGULATORY MATTERS, COMMITME148

REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES- Regulatory Capital Positions (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier One Leverage Capital To Average Assets	3.00%
Capital Required To Be Well Capitalized To Risk Weighted Assets	10.00%	10.00%
Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets	6.00%	6.00%
Tier One Leverage Capital Required To Be Well Capitalized To Average Assets		5.00%
Holding Company [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital	$ 1,789,088	$ 1,748,120
Tier One Risk Based Capital	1,506,589	1,636,004
Tier One Leverage Capital	1,506,589	1,636,004
Capital Required For Capital Adequacy	736,419	709,723
Tier One Risk Based Capital Required For Capital Adequacy	552,314	354,861
Tier One Leverage Capital Required For Capital Adequacy	$ 504,930	$ 493,159
Capital To Risk Weighted Assets	19.44%	19.70%
Tier One Risk Based Capital To Risk Weighted Assets	16.37%	18.44%
Tier One Leverage Capital To Average Assets	11.94%	13.27%
Capital Required For Capital Adequacy To Risk Weighted Assets	8.00%	8.00%
Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets	6.00%	4.00%
Tier One Leverage Capital Required For Capital Adequacy To Average Assets	4.00%	4.00%
Common Equity Tier1 Capital To Risk Weight Assets Ratio	16.37%
Common Equity Tier 1 Capital To Risk Weight Assets	$ 1,506,589
Common Equity Tier 1 Capital To Risk Weight Assets Ratio Capital Adequacy	4.50%
Common Equity Tier 1 Capital To Risk Weight Assets Capital Adequacy	$ 414,236
FirstBank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital	1,760,317	$ 1,717,432
Tier One Risk Based Capital	1,642,643	1,605,367
Tier One Leverage Capital	1,642,643	1,605,367
Capital Required For Capital Adequacy	736,084	709,395
Tier One Risk Based Capital Required For Capital Adequacy	552,063	354,698
Tier One Leverage Capital Required For Capital Adequacy	504,261	492,468
Capital Required To Be Well Capitalized	920,105	886,744
Tier One Risk Based Capital Required To Be Well Capitalized	$ 736,084	$ 532,046
Capital To Risk Weighted Assets	19.13%	19.37%
Tier One Risk Based Capital To Risk Weighted Assets	17.85%	18.10%
Tier One Leverage Capital To Average Assets	13.03%	13.04%
Capital Required For Capital Adequacy To Risk Weighted Assets	8.00%	8.00%
Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets	6.00%	4.00%
Tier One Leverage Capital Required For Capital Adequacy To Average Assets	4.00%	4.00%
Capital Required To Be Well Capitalized To Risk Weighted Assets	10.00%
Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets	8.00%
Tier One Leverage Capital Required To Be Well Capitalized To Average Assets	5.00%
Tier One Leverage Capital Required To Be Well Capitalized	$ 630,327	$ 615,585
Common Equity Tier1 Capital To Risk Weight Assets Ratio	15.81%
Common Equity Tier 1 Capital To Risk Weight Assets	$ 1,454,512
Common Equity Tier 1 Capital To Risk Weight Assets Ratio Capital Adequacy	4.50%
Common Equity Tier 1 Capital To Risk Weight Assets Capital Adequacy	$ 414,047
Common Equity Tier 1 Capital To Risk Weight Assets Well Capitalized	$ 598,068
Common Equity Tier 1 Capital To Risk Weight Assets Ratio Well Capitalized	6.50%

FIRST BANCORP. (Holding Comp149

FIRST BANCORP. (Holding Company Only) Financial Information - Statements of Financial Condition (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
ASSETS
Cash and due from banks	$ 462,934	$ 779,147
Money market investments	219,469	16,961	$ 16,953
Investment securities available for sale, at market:
Other investment securities	1,167,535	939,700
Carrying Value Of Other Equity Security	700	300
Loans Receivable, net	9,076,183	9,116,997
Other assets	491,429	481,587
Total assets	12,578,813	12,727,835
Liabilities:
Other borrowings	226,492	231,959
Accounts payable and other liabilities	154,525	115,188
Total liabilities	10,910,593	11,056,092
Stockholders Equity	1,668,220	1,671,743	$ 1,306,001
Total liabilities and stockholders' equity	12,578,813	12,727,835
Investment In Banking Subsidiary [Member]
Investment securities available for sale, at market:
Equity Method Investments	1,859,206	1,866,090
Non Banking Subsidiary [Member]
Investment securities available for sale, at market:
Equity Method Investments	13,976	11,890
Statutory Trust One [Member]
Investment securities available for sale, at market:
Equity Method Investments	2,929	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	29,317	30,380
Money market investments	6,111	6,111
Investment securities available for sale, at market:
Carrying Value Of Other Equity Security	285	285
Loans Receivable, net	287	322
Other assets	4,317	4,357
Total assets	1,920,294	1,926,394
Liabilities:
Other borrowings	226,492	231,959
Accounts payable and other liabilities	25,582	22,692
Total liabilities	252,074	254,651
Stockholders Equity	1,668,220	1,671,743
Total liabilities and stockholders' equity	$ 1,920,294	$ 1,926,394

FIRST BANCORP. (Holding Comp150

FIRST BANCORP. (Holding Company Only) Financial Information - Statements of Loss (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income:
Interest income on investment securities	$ 11,242	$ 13,728	$ 23,846	$ 28,956
Other Interest And Dividend Income	510	454	1,047	954
Expense:
Impairement on equity securities	0	291	0	291
Loss before income taxes and equity in undistributed earnings (losses) of subsidiaries	(43,918)	20,949	(10,240)	38,919
Income tax expense	9,844	276	1,812	(611)
Net income (loss)	(34,074)	21,225	(8,428)	38,308
Other comprehensive income (loss), net of tax	(10,168)	27,790	(3,028)	50,329
Comprehensive (loss) income	(44,242)	49,015	(11,456)	88,637
Holding Company [Member]
Income:
Other Interest And Dividend Income	5	5	10	10
Other income	325	55	381	108
Total interest income	330	60	391	118
Expense:
Notes payable and other borrowings	1,843	1,786	3,660	3,546
Other operating expenses	753	768	1,357	1,274
Total operating expenses	2,596	2,554	5,017	4,820
Impairement on equity securities	0	0	0	0
Loss before income taxes and equity in undistributed earnings (losses) of subsidiaries	(2,266)	(2,494)	(4,626)	(4,702)
Income tax expense	0	(2)	0	(4)
Equity in undistributed earnings (losses) of subsidiaries	(31,808)	23,721	(3,802)	43,014
Net income (loss)	(34,074)	21,225	(8,428)	38,308
Other comprehensive income (loss), net of tax	(10,168)	27,790	(3,028)	50,329
Comprehensive (loss) income	$ (44,242)	$ 49,015	$ (11,456)	$ 88,637

Uncategorized Items - fbp-20150

Label		Element	Value
Commercial And Industrial Loan [Member]
Proceeds From Sale Of Loans Held For Investment		us-gaap_ProceedsFromSaleOfLoansHeldForInvestment	$ 20,000
Classified And Non Performing Loans Sold		fbp_ClassifiedAndNonPerformingLoansSold	45,800
Government Guaranteed Loans [Member]
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	79,500
Consumer Auto Loans [Member]
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	16,991
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	18,805
Consumer Auto Loans [Member] | Accrual [Member]
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	10,558
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	12,254
Consumer Auto Loans [Member] | Non Accrual [Member]
Financing Receivable Modifications Recorded Investment	[1],[2]	us-gaap_FinancingReceivableModificationsRecordedInvestment	6,433
Financing Receivable Modifications Recorded Investment	[3],[4]	us-gaap_FinancingReceivableModificationsRecordedInvestment	6,551
Other Consumer Loans [Member]
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	13,307
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	14,839
Other Consumer Loans [Member] | Accrual [Member]
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	10,146
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	12,575
Other Consumer Loans [Member] | Non Accrual [Member]
Financing Receivable Modifications Recorded Investment	[3],[4]	us-gaap_FinancingReceivableModificationsRecordedInvestment	2,264
Financing Receivable Modifications Recorded Investment	[1],[2]	us-gaap_FinancingReceivableModificationsRecordedInvestment	3,161
Finance Leases [Member]
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	2,181
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	2,381
Finance Leases [Member] | Accrual [Member]
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	1,926
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	2,153
Finance Leases [Member] | Non Accrual [Member]
Financing Receivable Modifications Recorded Investment	[3],[4]	us-gaap_FinancingReceivableModificationsRecordedInvestment	228
Financing Receivable Modifications Recorded Investment	[1],[2]	us-gaap_FinancingReceivableModificationsRecordedInvestment	255
Accrual [Member] | Land Construction Financing Receivable [Member]
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	688
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	834
Accrual [Member] | Residential Construction Financing Receivable [Member]
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	3,079
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	3,448
Commercial And Industrial Loan [Member] | Accrual [Member]
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	131,544
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	51,426
Commercial And Industrial Loan [Member] | Non Accrual [Member]
Financing Receivable Modifications Recorded Investment	[3],[4]	us-gaap_FinancingReceivableModificationsRecordedInvestment	105,622
Financing Receivable Modifications Recorded Investment	[1],[2]	us-gaap_FinancingReceivableModificationsRecordedInvestment	40,382
Commercial Mortgage Loans [Member] | Accrual [Member]
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	29,900
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	69,374
Commercial Mortgage Loans [Member] | Non Accrual [Member]
Financing Receivable Modifications Recorded Investment	[3],[4]	us-gaap_FinancingReceivableModificationsRecordedInvestment	30,065
Financing Receivable Modifications Recorded Investment	[1],[2]	us-gaap_FinancingReceivableModificationsRecordedInvestment	58,392
Non Accrual [Member] | Land Construction Financing Receivable [Member]
Financing Receivable Modifications Recorded Investment	[1],[2]	us-gaap_FinancingReceivableModificationsRecordedInvestment	1,636
Financing Receivable Modifications Recorded Investment	[3],[4]	us-gaap_FinancingReceivableModificationsRecordedInvestment	2,203
Non Accrual [Member] | Residential Construction Financing Receivable [Member]
Financing Receivable Modifications Recorded Investment	[3],[4]	us-gaap_FinancingReceivableModificationsRecordedInvestment	432
Financing Receivable Modifications Recorded Investment	[1],[2]	us-gaap_FinancingReceivableModificationsRecordedInvestment	6,589
Non Fha Va Residential Mortgage Loans [Member] | Accrual [Member]
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	266,810
Financing Receivable Modifications Recorded Investment		us-gaap_FinancingReceivableModificationsRecordedInvestment	288,759
Non Fha Va Residential Mortgage Loans [Member] | Non Accrual [Member]
Financing Receivable Modifications Recorded Investment	[1],[2]	us-gaap_FinancingReceivableModificationsRecordedInvestment	82,965
Financing Receivable Modifications Recorded Investment	[3],[4]	us-gaap_FinancingReceivableModificationsRecordedInvestment	$ 86,562
[1]	Excludes non-accrual TDRs held for sale with a carrying value of $45.7 million as of December 31, 2014.
[2]	Included in non-accrual loans are $52.8 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.
[3]	Excludes non-accrual TDRs held for sale with a carrying value of $39.1 million as of June 30, 2015.
[4]	Included in non-accrual loans are $96.7 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.