First BanCorp. (FBP) 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 31, 2015
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
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		215,011,486

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks		$ 742,251	$ 779,147
Money market investments:
Time deposits with other financial institutions		3,000	300
Other short-term investments		216,486	16,661
Total money market investments		219,486	16,961
Investment securities available for sale, at fair value:
Securities pledged that can be repledged		796,998	1,025,966
Other investment securities		1,110,869	939,700
Total investment securities available for sale		1,907,867	1,965,666
Other equity securities		26,319	25,752
Loans, net of allowance for loan and lease losses of $301,047 (2012 - $435,414)		9,072,979	9,040,041
Loans held for sale, at lower of cost or market		34,587	76,956
Total loans, net		9,107,566	9,116,997
Premises and equipment, net		162,673	166,926
Other real estate owned		124,442	124,003
Accrued interest receivable on loans and investments		46,568	50,796
Other assets		483,817	481,587
Total assets		12,820,989	12,727,835
LIABILITIES
Non-interest-bearing deposits		1,402,807	900,616
Interest-bearing deposits		8,313,654	8,583,329
Total deposits		9,716,461	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		152,086	115,188
Total liabilities		11,120,039	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)		21,590	21,372
Less: Treasury stock (at par value)		(92)	(74)
Common stock outstanding, 206,982,105 shares outstanding (2012 - 206,235,465 shares		21,498	21,298
Additional paid-in capital		925,063	916,067
Retained earnings		722,955	716,625
Accumulated other comprehensive (loss) income, net of tax expense of $8,171 (2012 - $7,749)		(4,670)	(18,351)
Total stockholders' equity		1,700,950	1,671,743
Total liabilities and stockholders' equity		$ 12,820,989	$ 12,727,835
[1]	As of September 30, 2015, includes $600 million with an average rate of 2.93% that lenders have the right to call before their contractual maturities at various dates beginning on October 9, 2015. In addition, $500 million is tied to variable rates. In October 2015, the counterparty to the $200 million reverse repurchase agreement exercised its call option on the instrument.
[2]	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreements) by counterparty, when applicable, pursuant to ASC 210-20-45-11.

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Dec. 31, 2014
Allowance for loan and lease losses	$ 228,966	$ 228,966	$ 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	215,903,829	215,903,829	213,724,749
Common stock, shares outstanding	214,982,131	214,982,131	212,984,700
Income tax expense	$ 4,476	$ 2,664
Accumulated Other Comprehensive Income (Loss) [Member]
Income tax expense	$ 7,752		$ 7,752

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest income:
Loans	$ 138,417	$ 144,295	$ 417,641	$ 433,379
Investment securities	10,985	11,894	34,831	40,850
Money market investments	410	473	1,457	1,427
Total interest income	149,812	156,662	453,929	475,656
Interest expense:
Deposits	16,851	19,344	51,525	59,109
Securities sold under agreements to repurchase	5,216	6,857	16,997	19,655
Advances from FHLB	955	949	2,833	2,606
Notes payable and other borrowings	1,861	1,818	5,521	5,365
Total interest expense	24,883	28,968	76,876	86,735
Net interest income (loss)	124,929	127,694	377,053	388,921
Provision for loan and lease losses	31,176	26,999	138,412	85,658
Net interest income after provision for loan and lease losses	93,753	100,695	238,641	303,263
Non-interest income:
Service charges on deposit accounts	5,082	4,205	14,856	12,554
Mortgage banking activities	4,270	3,809	12,651	10,213
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	0	0	291
Other-than-temporary impairment losses on investment securities:
Total other-than-temporary impairment losses	0	0	(29,521)	0
Other Than Temporary Impairment Non Credit Losses	(231)	(245)	16,037	(245)
Net impairment losses on investment securities	(231)	(245)	(13,484)	(245)
Equity in losses of unconsolidated entities	0	0	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	1,265	1,290	5,809	5,328
Other non-interest income	8,372	7,115	24,882	22,594
Total non-interest income	18,758	16,174	58,157	43,455
Non-interest expenses:
Employees' compensation and benefits	37,284	33,877	110,883	101,568
Occupancy and equipment	15,248	14,727	44,656	43,527
Business promotion	4,097	3,925	10,899	12,040
Professional fees	10,709	12,054	44,932	34,502
Taxes, other than income taxes	3,065	4,528	9,197	13,607
Insurance and supervisory fees	6,590	9,493	20,246	31,267
Net loss on real estate owned (REO) and REO operations	4,345	4,326	11,847	16,941
Credit and debit processing fees	4,283	3,741	12,185	11,447
Communications	2,189	2,143	5,842	5,916
Other non-interest expenses	5,467	4,790	17,117	13,719
Total non-interest expenses	93,277	93,604	287,804	284,534
Income (loss) before income taxes	19,234	23,265	8,994	62,184
Income tax expense	(4,476)	(64)	(2,664)	(675)
Net income (loss)	14,758	23,201	6,330	61,509
Net income (loss) attributable to common stockholders - basic	$ 14,758	$ 23,201	$ 6,330	$ 63,168
Net income (loss) per common share:
Basic	$ 0.07	$ 0.11	$ 0.03	$ 0.30
Diluted	0.07	0.11	0.03	0.30
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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 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	$ 0	$ 0	$ (291)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net income (loss)	$ 14,758	$ 23,201	$ 6,330	$ 61,509
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	(457)	104	915	1,291
Reclassification adjustment for other-than-temporary impairment on debt securities included in net income	231	245	13,484	245
All other unrealized gains and losses on available-for-sale securities:
All other unrealized holding gains arising during the period	16,935	(6,265)	(718)	43,168
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	0	0	0	(291)
Other comprehensive income (loss) for the period, net of tax	16,709	(5,916)	13,681	44,413
Total comprehensive income (loss)	$ 31,467	$ 17,285	$ 20,011	$ 105,922

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income (loss)	$ 6,330	$ 61,509
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	15,923	15,604
Amortization and impairment of intangible assets	3,817	3,723
Provision for loan and lease losses	138,412	85,658
Deferred income tax (benefit) expense	(102)	(2,815)
Stock-based compensation	4,535	2,962
Gain on sales of investments, net	0	(291)
Other-than-temporary impairments on debt securities	13,484	245
Equity in losses of unconsolidated entities	0	7,280
Impairement of collateral pledged to Lehman	0	0
Derivative instruments and financial liabilities measured at fair value, gain	(47)	(820)
Loss (gain) on sale of premises and equipment and other assets	(137)	20
Net gain on sale of loans held for investment	(5,312)	(5,498)
Net amortization of premiums, discounts and deferred loan fees and costs	(4,244)	(1,966)
Originations and purchases of loans held for sale	(323,565)	(223,602)
Sales and repayments of loans held for sale	329,635	234,698
Amortization of broker placement fees	3,564	5,140
Net amortization of premium and discounts on investment securities	6,431	3,348
(Decrease) increase in accrued income tax payable	0	0
(Increase) decrease in accrued interest receivable	3,894	5,496
Decrease in accrued interest payable	3,297	4,620
Decrease (increase) in other assets	8,478	28,383
Increase (decrease) in other liabilities	8,175	13,206
Business Combination Bargain Purchase Gain Recognized Amount	(13,443)	0
Net cash provided by operating activities	199,125	236,900
Cash flows from investing activities:
Principal collected on loans	2,228,948	2,533,504
Loans originated and purchased	(2,184,863)	(2,410,182)
Proceeds from sale of loans held for investment	107,702	31,558
Proceeds from sale of repossessed assets	48,195	51,399
Proceeds from sale of available-for-sale securities	0	4,855
Purchases of securities available for sale	(161,366)	(133,596)
Proceeds from principal repayments and maturities of securities available for sale	212,972	171,016
Additions to premises and equipment	(9,594)	(17,863)
Proceeds from sale of premises and equipment and other assets	2,511	1,269
Cash Acquired From Acquisition	217,659	0
(Increase) decrease in other equity securities	(567)	2,939
Net cash provided by investing activities	461,597	234,899
Cash flows from financing activities:
Net decrease in deposits	(294,126)	(181,890)
Net FHLB advances paid	0	25,000
Payments Of Stock Issuance Costs	0	(62)
Repurchase of outstanding common stock	(967)	(523)
Increase Decrease In Federal Funds Purchased And Securities Sold UnderAgreements To Repurchase Net	(200,000)	0
Net cash provided (used in) financing activities	(495,093)	(157,475)
Net increase in cash and cash equivalents	165,629	314,324
Cash and cash equivalents at beginning of period	796,108	655,671
Cash and cash equivalents at end of period	961,737	969,995
Cash and cash equivalents include:
Cash and Cash Equivalents, at Carrying Value, Total	$ 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	$ 1,324,157		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				23	(23)
Repurchase of common stock				(10)	(513)
Restricted stock grants				122	(122)
Restricted stock forefeited				(3)	3
Stock-based compensation					2,962
Net income (loss)	61,509					61,509
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	44,413						44,413
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 Sep. 30, 2014	1,324,157		36,104	21,298	915,231	385,847	(34,323)
Total stockholders' equity	1,324,157		36,104	21,298	915,231	385,847	(34,323)
Total stockholders' equity	1,671,743		36,104	21,298	916,067	716,625	(18,351)
Total stockholders' equity	1,700,950		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				33	(33)
Repurchase of common stock				(18)	(949)
Restricted stock grants				102	(102)
Restricted stock forefeited				(2)	2
Stock-based compensation					4,535
Net income (loss)	6,330					6,330
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	13,681						13,681
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 Sep. 30, 2015	1,700,950		36,104	21,498	925,063	722,955	(4,670)
Total stockholders' equity	$ 1,700,950		$ 36,104	$ 21,498	$ 925,063	$ 722,955	$ (4,670)
[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 first nine-months of 2014.

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Sep. 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 nine -month period ended September 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 ( “ASC” or 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 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 that 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 reporting 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 when 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 GAAP (e.g., a research and development cost and software to be sold, leased or otherwise marketed). If a hosting arrangem ent includes a software license , 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 Codification to provide guidance in disclosures for investments in certain entities that calculate net asset value (NAV) per share (or its equivalent). This Update 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. This 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 . In September 2015, t he FASB updated the C odification to simplify the accounting for adjustments made to provisional amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments . T his U pdate allows the acquirer to recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The acquirer must record, in the same period's financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. Also , this U pdate require s entities to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date . Prior to this U pdate, GAAP require d that , during the measurement period, the acquirer retrospectively adjust the provisional amounts recognized at the acquisition date with a corresponding adjustment to goodwill. The acquirer also had to revise comparative information for prior periods presented in financial statements as needed, including revising depreciation, amortization, or other income effects as a result of changes made to provisional amounts. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The amendments in this Update should be applied prospectively to adjustments to provisional amounts that occur after the effective date of this Update with earlier application permitted for financial statements that have not been issued. The Corporation is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements, if any.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
	Sep. 30, 2015
EARNINGS PER COMMON SHARE	NOTE 3 – EARNINGS PER COMMON SHARE The calculations of earnings per common share for the quarters and nine-month periods ended September 30, 2015 and 2014 are as follows: Quarter Ended Nine-Month Period Ended September 30, September 30, 2015 2014 2015 2014 (In thousands, except per share information) Net income $ 14,758 $ 23,201 $ 6,330 $ 61,509 Favorable impact from issuing common stock in exchange for Series A through E preferred stock (1) - - 0 1,659 Net income attributable to common stockholders $ 14,758 $ 23,201 $ 6,330 $ 63,168 Weighted-Average Shares: Average common shares outstanding 211,820 210,466 211,255 208,151 Average potential dilutive common shares 1,963 1,893 1,341 1,660 Average common shares outstanding- assuming dilution 213,783 212,359 212,596 209,811 Earnings per common share: Basic $ 0.07 $ 0.11 $ 0.03 $ 0.30 Diluted $ 0.07 $ 0.11 $ 0.03 $ 0.30 (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 first nine-months of 2014. Earnings per common share is computed by dividing net income attributable to common stockholders by the weighted average number of common shares issued and outstanding. Net income attributable to common stockholders represents net income 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 nine -month period ended September 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 as of September 30, 201 5 and 201 4 , respectively .

BUSINESS COMBINATION

BUSINESS COMBINATION	3 Months Ended
	Sep. 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 values 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 i ncome for the nine -month period ended September 3 0 , 2015 , and a core deposit intangible of $5.8 million ($5.3 million as of September 30, 2015) . 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 nine months of 2015, the Corporation incurred $ 4. 6 million on acquisition and conversion costs related to loans and deposit accounts acquired from Doral that are considered non-recurr ing in nature , and $ 3.6 million on 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 consoli dated statement of income . The Corporation's operating results for the nine -month period ended September 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
	Sep. 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 nine-month period ended September 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 0.8 $ - 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 nine months of 201 5 , 219,531 shares of restricted stock were awarded to the Corporation's independent directors subject to vesting periods that range from 1 to 5 years. In addition, during the first nine months 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 s , 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 per share 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: Nine-Month Period Ended September 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 1,013,495 3.86 Forfeited (17,500) 5.48 Vested (349,190) 5.02 Non-vested shares at September 30, 2015 2,973,961 $ 3.34 For the quarter and nine -month period ended September 30, 201 5 , the Corporation recognized $ 0.9 million and $ 2.9 million, respectively, of stock-based compensation expense related to restricted stock awards, compared to $ 0. 6 million and $ 1. 8 million for the same periods in 201 4 . As of September 30, 201 5 , there was $ 4.9 million of total unrecognized compensation cost related to nonvested shares of restricted stock. The weighted average period over which the Corporation expects to recognize such cost is 1.9 years. During the first nine months of 201 4 , the Corporation awarded to its independent directors 379,573 shares of restricted stock subject to vesting periods that range from 1 to 5 years . In addition, d uring the first nine months of 201 4 , the Corporation issued 8 4 0,138 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 8 4 0,138 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 nine 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 $ 6 5 thousand of compensation expense was reversed during the first nine months 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 nine months of 201 5 , the Corporation issued 330,254 shares of common stock with a weighted average market value of $ 5.14 as salary stock compensation. This resulted in a compensation expense of $ 1.7 million recorded in the first nine months of 201 5 . For the first nine months of 201 5 , the Corporation withheld 108,731 shares from the common stock paid to certain senior officers as additional compensation and 72,918 shares of restric ted stock that vested during the first nine months 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
	Sep. 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 September 30, 2015 and December 31, 201 4 were as follows: September 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 $ 7,536 $ - $ 1 $ - $ 7,537 0.57 Obligations of U.S. government-sponsored agencies: Due within one year 5,000 - 8 - 5,008 0.66 After 1 to 5 years 341,092 - 748 878 340,962 1.33 After 5 to 10 years 64,718 - 1,074 - 65,792 2.35 Puerto Rico government obligations: After 1 to 5 years 28,488 11,245 - 772 16,471 4.38 After 5 to 10 years 865 - - - 865 5.20 After 10 years 23,356 5,420 85 1,222 16,799 5.40 United States and Puerto Rico government obligations 471,055 16,665 1,916 2,872 453,434 1.84 Mortgage-backed securities: FHLMC certificates: After 1 to 5 years 367 - 34 - 401 4.95 After 10 years 299,407 - 3,041 204 302,244 2.15 299,774 - 3,075 204 302,645 2.15 GNMA certificates: Due within one year 7 - - - 7 2.97 After 1 to 5 years 119 - 6 - 125 4.25 After 5 to 10 years 127,798 - 3,974 - 131,772 3.07 After 10 years 172,754 - 13,978 15 186,717 4.39 300,678 - 17,958 15 318,621 3.83 FNMA certificates: After 1 to 5 years 2,916 - 95 - 3,011 3.35 After 5 to 10 years 21,684 - 693 10 22,367 2.73 After 10 years 771,005 - 10,354 1,190 780,169 2.32 795,605 - 11,142 1,200 805,547 2.34 Other mortgage pass-through trust certificates: After 5 to 10 years 96 - - - 96 7.26 After 10 years 37,479 10,055 - - 27,424 2.20 37,575 10,055 - - 27,520 2.20 Total mortgage-backed securities 1,433,632 10,055 32,175 1,419 1,454,333 2.61 Other After 1 to 5 years 100 - - - 100 1.50 Total investment securities available for sale $ 1,904,787 $ 26,720 $ 34,091 $ 4,291 $ 1,907,867 2.42 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: After 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 September 30, 2015 and December 31, 201 4 . The tables also include debt securities for which an OTTI was recognized and the related credit loss was charged against the amortized cost basis of the debt security . As of September 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 $ - $ - $ 28,948 $ 18,659 $ 28,948 $ 18,659 U.S. Treasury and U.S. government agencies obligations - - 213,301 878 213,301 878 Mortgage-backed securities: FNMA 200,610 450 92,639 750 293,249 1,200 FHLMC 47,292 69 20,151 135 67,443 204 GNMA 1,057 15 - - 1,057 15 Collateralized mortgage obligations Other mortgage pass-through trust certificates - - 27,424 10,055 27,424 10,055 $ 248,959 $ 534 $ 382,463 $ 30,477 $ 631,422 $ 31,011 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 September 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 $ 37. 5 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 Nine-Month Period Ended September 30, September 30, 2015 2014 2015 2014 (In thousands) Total other-than-temporary impairment losses $ - $ - $ (29,521) $ - Noncredit-related impairment portion recognized in OCI - - 16,665 - Portion of other-than-temporary impairment losses previously recognized in OCI (231) (245) (628) (245) Net impairment losses recognized in earnings (1) $ (231) $ (245) $ (13,484) $ (245) (1) For the nine-month period ended September 30, 2015, approximately $12.9 million of the credit impairment recognized in earnings consisted of credit losses on Puerto Rico Government debt securities and $0.6 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 June 30, recognized in earnings recognized in earnings on September 30, 2015 on securities not securities that have been 2015 Balance previously impaired previously impaired Balance (In thousands) Available for sale securities Puerto Rico government obligations $ 12,856 $ - $ - $ 12,856 Private label MBS 6,174 - 231 6,405 Total OTTI credit losses for available-for-sale debt securities $ 19,030 $ - $ 231 $ 19,261 Cumulative OTTI credit losses recognized in earnings on securities still held Credit impairments Credit impairments December 31, recognized in earnings recognized in earnings on September 30, 2014 on securities not securities that have been 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 - 628 6,405 Total OTTI credit losses for available-for-sale debt securities $ 5,777 $ 12,856 $ 628 $ 19,261 Cumulative OTTI credit losses recognized in earnings on securities still held Credit impairments Credit impairments June 30, recognized in earnings recognized in earnings on September 30, 2014 on securities not securities that have been 2014 Balance previously impaired previously impaired Balance (In thousands) Available for sale securities Private label MBS $ 5,389 $ - $ 245 $ 5,634 Cumulative OTTI credit losses recognized in earnings on securities still held Credit impairments Credit impairments December 31, recognized in earnings recognized in earnings on September 30, 2013 on securities not securities that have been 2014 Balance previously impaired previously impaired Balance (In thousands) Available for sale securities Private label MBS $ 5,389 $ - $ 245 $ 5,634 As of September 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 . 1 million. During the nine -month period ended September 30, 2015, the fair value of these obligations decreased by $ 13. 4 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 bonds 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 government's 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. During 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 calculate 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 present 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 key 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 adjusted 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 analysis 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 , in the second quarter of 2015 , a $12.9 million other-than-temporary credit-related impairment assuming recovery rates ranging from 50 % to 82 % (weighted-average of 64 %). The market value of these instruments decreased by $0.3 million during the third quarter of 2015 and no additional credit losses were recorded during such period . 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; 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 nine months of 201 5 , the Corporation recorded a $ 0.6 million credit - related impairment loss associated with private label MBS, which are collateralized by fixed-rate mortgages on single-family residential properties in the United States. The interest rate on these private-label MBS is variable, tied to 3-month LIBOR and limited to the weighted-average coupon of the underlying collateral. The underlying mortgages are fixed-rate single-family loans with original high FICO scores (over 700 ) and moderate original loan-to-value ratios (under 80 %), as well as moderate delinquency levels. Based on the expected cash flows, and since the Corporation does not have the intention to sell the securities and has sufficient capital and liquidity to hold these securities until a recovery of the fair value occurs, only the credit loss component was reflected in earnings. Significant assumptions in the valuation of the private label MBS were as follows: September 30, 2015 December 31, 2014 Weighted Weighted Average Range Average Range Discount rate 14.5% 14.5% 14.5% 14.5% Prepayment rate 30% 17.83%-100% 32% 19.89%-100.00% Projected Cumulative Loss Rate 7.1% 0.16%-80.00% 7.9% 0.64%-80.00%

OTHER EQUITY SECURITIES

OTHER EQUITY SECURITIES	3 Months Ended
	Sep. 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 September 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 September 30, 2015 and 2014 was $ 0.3 million , and for the nine -month period s ended September 30, 2015 and 2014 was $ 0.8 million and $ 0 . 9 million, respectively. 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 September 30, 2015 and December 31, 2014 was $ 0.9 million and $ 0.3 million , respectively .

LOAN PORTFOLIO

LOAN PORTFOLIO	3 Months Ended
	Sep. 30, 2015
LOAN PORTFOLIO	NOTE 7 – LOANS HELD FOR INVESTMENT The following table provides information about the loan portfolio held for investment: September 30, December 31, 2015 2014 (In thousands) Residential mortgage loans, mainly secured by first mortgages $ 3,330,089 $ 3,011,187 Commercial loans: Construction loans 163,956 123,480 Commercial mortgage loans 1,562,538 1,665,787 Commercial and Industrial loans (1) 2,383,807 2,479,437 Loans to a local financial institution collateralized by Total commercial loans 4,110,301 4,268,704 Finance leases 228,617 232,126 Consumer loans 1,632,938 1,750,419 Loans held for investment 9,301,945 9,262,436 Allowance for loan and lease losses (228,966) (222,395) Loans held for investment, net $ 9,072,979 $ 9,040,041 (1) As of September 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) September 30, December 31, 2015 2014 Non-performing loans: Residential mortgage $ 174,555 $ 180,707 Commercial mortgage 68,979 148,473 Commercial and Industrial 141,855 122,547 Construction : Land 12,692 15,030 Construction-commercial (1) 40,005 - Construction-residential 3,274 14,324 Consumer: Auto loans 17,033 22,276 Finance leases 2,353 5,245 Other consumer loans 11,889 15,294 Total non-performing loans held for investment (2) (3)(4) $ 472,635 $ 523,896 (1) During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment and continues to be classified as a Troubled Debt Restructuring ("TDR") and a non-performing loan. (2) As of September 30, 2015 and December 31, 2014, excludes $8.0 million and $54.6 million, respectively, of non-performing loans held for sale. (3) Amount excludes purchased-credit impaired ("PCI") loans with a carrying value of approximately $176.1 million and $102.6 million as of September 30, 2015 and December 31, 2014, respectively, primarily mortgage loans acquired from Doral Bank in the first quarter of 2015 and the 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. (4) Non-performing loans exclude $411.8 million and $494.6 million of TDRs loans that are in compliance with modified terms and in accrual status as of September 30, 2015 and December 31, 2014, respectively. Loans i n Process o f Foreclosure As of September 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 $ 141.2 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 September 30, 2015 (In thousands) Current Residential mortgage: FHA/VA and other government-guaranteed loans (2) (3) (4) $ - $ 6,752 $ 92,883 $ 99,635 $ - $ 47,295 $ 146,930 $ 92,883 Other residential mortgage loans (4) - 99,455 191,077 290,532 172,927 2,719,700 3,183,159 16,522 Commercial: Commercial and Industrial loans 4,889 11,622 178,450 194,961 - 2,188,846 2,383,807 36,595 Commercial mortgage loans (4) - 3,255 81,489 84,744 3,158 1,474,636 1,562,538 12,510 Construction: Land (4) - 62 12,929 12,991 - 37,814 50,805 237 Construction-commercial (4)(5) - - 40,005 40,005 - 45,084 85,089 - Construction-residential (4) - - 6,337 6,337 - 21,725 28,062 3,063 Consumer: Auto loans 81,342 18,548 17,033 116,923 - 844,895 961,818 - Finance leases 9,422 3,090 2,353 14,865 - 213,752 228,617 - Other consumer loans 10,311 5,791 15,881 31,983 - 639,137 671,120 3,992 Total loans held for investment $ 105,964 $ 148,575 $ 638,437 $ 892,976 $ 176,085 $ 8,232,884 $ 9,301,945 $ 165,802 _____________ (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 $35.9 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 September 30, 2015. (3) As of September 30, 2015, includes $35.0 million of defaulted loans collateralizing Government National Mortgage Association ("GNMA") securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans. (4) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days as of September 30, 2015 amounted to $10.0 million, $165.3 million, $25.7 million, $0.6 million and $6.9 million, respectively. (5) During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment. 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 September 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 September 30, 2015 (In thousands) Commercial mortgage $ 283,071 $ 160 $ - $ 283,231 $ 1,562,538 Construction: Land 14,324 1 - 14,325 50,805 Construction-commercial (2) 50,690 - - 50,690 85,089 Construction-residential 4,079 - - 4,079 28,062 Commercial and Industrial 143,410 73,985 418 217,813 2,383,807 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 $8.0 million ($7.8 million land 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 September 30, 2015 and December 31, 2014, respectively, of non-performing loans held for sale. (2) During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment. 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. September 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 $ 146,930 $ 2,835,677 $ 944,785 $ 226,264 $ 659,231 Purchased Credit-Impaired (2) - 172,927 - - - Non-performing - 174,555 17,033 2,353 11,889 Total $ 146,930 $ 3,183,159 $ 961,818 $ 228,617 $ 671,120 (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 $35.9 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 September 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 Nine-month Period Ended September 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 September 30, 2015 With no related allowance recorded: FHA/VA-Guaranteed loans $ - $ - $ - $ - $ - $ - $ - $ - Other residential mortgage loans 66,162 74,945 - 67,341 183 155 461 490 Commercial: Commercial mortgage loans 54,538 63,739 - 55,222 371 129 1,130 411 Commercial and Industrial Loans 27,607 29,895 - 28,207 13 152 38 601 Construction: Land - - - - - - - - Construction-commercial 40,005 40,000 - 40,005 - - - - Construction-residential 3,158 3,158 - 3,111 41 - 123 - Consumer: Auto loans 78 78 - 87 2 - 7 - Finance leases - - - - - - - - Other consumer loans 4,647 4,916 - 4,800 118 30 289 54 $ 196,195 $ 216,731 $ - $ 198,773 $ 728 $ 466 $ 2,048 $ 1,556 With an allowance recorded: FHA/VA-Guaranteed loans $ - $ - $ - $ - $ - $ - $ - $ - Other residential mortgage loans 393,149 438,144 18,705 395,951 4,648 309 12,996 1,312 Commercial: Commercial mortgage loans 49,508 68,061 4,886 52,509 143 37 380 223 Commercial and Industrial Loans 147,376 167,724 17,540 152,551 599 22 1,776 1,868 Construction: Land 9,861 13,969 1,196 9,978 11 20 37 64 Construction-commercial 11,490 11,490 748 11,640 125 - 376 - Construction-residential 1,609 2,385 184 1,665 - - - - Consumer: Auto loans 20,042 20,042 6,698 21,347 373 - 1,059 - Finance leases 2,165 2,165 322 2,494 39 - 123 - Other consumer loans 11,318 11,541 1,580 11,689 252 9 1,034 17 $ 646,518 $ 735,521 $ 51,859 $ 659,824 $ 6,190 $ 397 $ 17,781 $ 3,484 Total: FHA/VA-Guaranteed loans $ - $ - $ - $ - $ - $ - $ - $ - Other residential mortgage loans 459,311 513,089 18,705 463,292 4,831 464 13,457 1,802 Commercial: Commercial mortgage loans 104,046 131,800 4,886 107,731 514 166 1,510 634 Commercial and Industrial Loans 174,983 197,619 17,540 180,758 612 174 1,814 2,469 Construction: Land 9,861 13,969 1,196 9,978 11 20 37 64 Construction-commercial 51,495 51,490 748 51,645 125 - 376 - Construction-residential 4,767 5,543 184 4,776 41 - 123 - Consumer: Auto loans 20,120 20,120 6,698 21,434 375 - 1,066 - Finance leases 2,165 2,165 322 2,494 39 - 123 - Other consumer loans 15,965 16,457 1,580 16,489 370 39 1,323 71 $ 842,713 $ 952,252 $ 51,859 $ 858,597 $ 6,918 $ 863 $ 19,829 $ 5,040 (In thousands) Recorded Investment 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 $9.6 million ($7.6 million accrual basis and $2.0 million cash basis) and $25.6 million ($19.3 million accrual basis and $6.3 million cash basis) was recognized on impaired loans for the third quarter and nine-month period ended September 30, 2014, respectively. The following tables show the activity for impaired loans and the related specific reserve for the quarters and nine-month periods ended September 30, 2015 and 2014: Quarter Ended Nine-Month Period Ended September 30, 2015 (In thousands) Impaired Loans: Balance at beginning of period $ 824,816 $ 945,407 Loans determined impaired during the period 37,528 135,350 Charge-offs (1) (7,498) (90,026) Loans sold, net of charge-offs - (67,836) Increases to impaired loans-additional disbursements 408 2,524 Reclassification from loans held for sale 40,005 40,005 Foreclosures (12,858) (33,044) Loans no longer considered impaired (25,877) (39,062) Paid in full or partial payments (13,811) (50,605) Balance at end of period $ 842,713 $ 842,713 (1) For the nine-month period ended September 30, 2015, 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 Nine-Month Period Ended September 30, 2014 (In thousands) Impaired Loans: Balance at beginning of period $ 908,858 $ 919,112 Loans determined impaired during the period 118,549 271,792 Charge-offs (31,263) (95,948) Increases to impaired loans- additional disbursements 1,768 2,687 Foreclosures (5,332) (13,472) Loans no longer considered impaired (1,009) (18,740) Paid in full or partial payments (18,557) (92,417) Balance at end of period $ 973,014 $ 973,014 Quarter Ended Nine-Month Period Ended September 30, 2015 (In thousands) Specific Reserve: Balance at beginning of period $ 49,918 $ 55,205 Provision for loan losses 9,439 81,796 Net charge-offs (7,498) (85,142) Balance at end of period $ 51,859 $ 51,859 Quarter Ended Nine-Month Period Ended September 30, 2014 (In thousands) Specific Reserve: Balance at beginning of period $ 68,358 $ 102,601 Provision for loan losses 18,189 48,631 Net charge-offs (31,263) (95,948) Balance at end of period $ 55,284 $ 55,284 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 for 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: September 30, December 31, 2015 2014 (In thousands) Residential mortgage loans $ 172,927 $ 98,494 Commercial mortgage loans 3,158 3,393 Credit Cards - 717 Total PCI loans $ 176,085 $ 102,604 Allowance for loan losses (3,163) - Total PCI loans, net of allowance for loan losses $ 172,922 $ 102,604 The following tables present PCI loans by past due status as of September 30, 2015 and December 31, 2014: As of September 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) $ - $ 15,805 $ 22,145 $ 37,950 $ 134,977 $ 172,927 Commercial mortgage loans (1) - 571 401 972 2,186 3,158 $ - $ 16,376 $ 22,546 $ 38,922 $ 137,163 $ 176,085 _____________ (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 past due 30-59 days as of September 30, 2015 amounted to $30.9 million. 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 ASC 310-30 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 yield . 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 nine-month period ended September 30, 2015 and 2014 were as follows: Quarter ended September 30, 2015 Quarter ended September 30, 2014 Nine-month period ended September 30, 2015 Nine-month period ended September 30, 2014 (In thousands) Balance at beginning of period $ 124,288 $ 86,147 $ 82,460 $ - Additions (accretable yield at acquisition of loans from Doral) - - 38,319 86,759 Accretion recognized in earnings (3,411) (1,850) (8,695) (2,462) Reclassification from non-accretable 1,348 - 10,141 - Balance at end of period $ 122,225 $ 84,297 $ 122,225 $ 84,297 The outstanding principal balance of PCI loans, including amounts charge d off by the Corporation, amounted to $ 2 20 . 4 million as of September 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 Nine-Month Period Ended September 30, 2015 September 30, 2015 (In thousands) Balance at beginning of period $ 178,494 $ 102,604 Additions (1) - 79,889 Accretion 3,411 8,695 Collections and charge-offs (5,663) (14,946) Foreclosures (157) (157) Ending balance $ 176,085 $ 176,085 Allowance for loan losses (3,163) (3,163) Ending balance, net of allowance for loan losses $ 172,922 $ 172,922 (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 nine months of 2015 , the Corporation purchased $ 68.2 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 nine months 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 $ 110.1 million of performing residential mortgage loans to FNMA and FHLMC during the first nine months of 201 5 . Also, during the first nine months of 2015, the Corporation sold $ 213.4 million of FHA/VA mortgage loans to GNMA , which package s 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 oblig

ALLOWANCE FOR LOAN AND LEASE LO

ALLOWANCE FOR LOAN AND LEASE LOSSES	3 Months Ended
	Sep. 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 September 30, 2015 Allowance for loan and lease losses: Beginning balance $ 33,783 $ 49,092 $ 63,900 $ 11,865 $ 62,878 $ 221,518 Charge-offs (5,094) (3,677) (1,267) (103) (15,926) (26,067) Recoveries 214 20 327 176 1,602 2,339 Provision (release) 6,958 6,668 3,807 (139) 13,882 31,176 Ending balance $ 35,861 $ 52,103 $ 66,767 $ 11,799 $ 62,436 $ 228,966 Ending balance: specific reserve for impaired loans $ 18,705 $ 4,886 $ 17,540 $ 2,128 $ 8,600 $ 51,859 Ending balance: purchased credit-impaired loans $ 3,061 $ 102 $ - $ - $ - $ 3,163 Ending balance: general allowance $ 14,095 $ 47,115 $ 49,227 $ 9,671 $ 53,836 $ 173,944 Loans held for investment: Ending balance $ 3,330,089 $ 1,562,538 $ 2,383,807 $ 163,956 $ 1,861,555 $ 9,301,945 Ending balance: impaired loans $ 459,311 $ 104,046 $ 174,983 $ 66,123 $ 38,250 $ 842,713 Ending balance: purchased credit-impaired loans $ 172,927 $ 3,158 $ - $ - $ - $ 176,085 Ending balance: loans with general allowance $ 2,697,851 $ 1,455,334 $ 2,208,824 $ 97,833 $ 1,823,305 $ 8,283,147 (In thousands) Residential Mortgage Loans Commercial Mortgage Loans Commercial & Industrial Loans Construction Loans Consumer Loans Total Nine-Month period ended September 30, 2015 Allowance for loan and lease losses: Beginning balance $ 27,301 $ 50,894 $ 63,721 $ 12,822 $ 67,657 $ 222,395 Charge-offs (13,815) (54,115) (30,090) (4,787) (48,221) (151,028) Recoveries 584 6,515 3,386 2,379 6,323 19,187 Provision 21,791 48,809 29,750 1,385 36,677 138,412 Ending balance $ 35,861 $ 52,103 $ 66,767 $ 11,799 $ 62,436 $ 228,966 Ending balance: specific reserve for impaired loans $ 18,705 $ 4,886 $ 17,540 $ 2,128 $ 8,600 $ 51,859 Ending balance: purchased credit-impaired loans $ 3,061 $ 102 $ - $ - $ - $ 3,163 Ending balance: general allowance $ 14,095 $ 47,115 $ 49,227 $ 9,671 $ 53,836 $ 173,944 Loans held for investment: Ending balance $ 3,330,089 $ 1,562,538 $ 2,383,807 $ 163,956 $ 1,861,555 $ 9,301,945 Ending balance: impaired loans $ 459,311 $ 104,046 $ 174,983 $ 66,123 $ 38,250 $ 842,713 Ending balance: purchased credit-impaired loans $ 172,927 $ 3,158 $ - $ - $ - $ 176,085 Ending balance: loans with general allowance $ 2,697,851 $ 1,455,334 $ 2,208,824 $ 97,833 $ 1,823,305 $ 8,283,147 (In thousands) Residential Mortgage Loans Commercial Mortgage Loans Commercial & Industrial Loans Construction Loans Consumer Loans Total Quarter ended September 30, 2014 Allowance for loan and lease losses: Beginning balance $ 29,755 $ 48,578 $ 76,890 $ 21,292 $ 64,662 $ 241,177 Charge-offs (5,970) (2,823) (17,605) (7,691) (19,848) (53,937) Recoveries 236 3,939 1,174 4,486 1,360 11,195 Provision (release) 5,885 2,721 3,017 (3,652) 19,028 26,999 Ending balance $ 29,906 $ 52,415 $ 63,476 $ 14,435 $ 65,202 $ 225,434 Ending balance: specific reserve for impaired loans $ 11,658 $ 14,128 $ 21,267 $ 2,936 $ 5,295 $ 55,284 Ending balance: purchased credit-impaired loans $ - $ - $ - $ - $ - $ - Ending balance: general allowance $ 18,248 $ 38,287 $ 42,209 $ 11,499 $ 59,907 $ 170,150 Loans held for investment: Ending balance $ 2,819,648 $ 1,812,094 $ 2,515,384 $ 141,689 $ 2,026,587 $ 9,315,402 Ending balance: impaired loans $ 421,823 $ 238,332 $ 241,413 $ 39,441 $ 32,005 $ 973,014 Ending balance: purchased credit-impaired loans $ 99,535 $ 3,418 $ - $ - $ 1,360 $ 104,313 Ending balance: loans with general allowance $ 2,298,290 $ 1,570,344 $ 2,273,971 $ 102,248 $ 1,993,222 $ 8,238,075 (In thousands) Residential Mortgage Loans Commercial Mortgage Loans Commercial & Industrial Loans Construction Loans Consumer Loans Total Nine-Month period ended September 30, 2014 Allowance for loan and lease losses: Beginning balance $ 33,110 $ 73,138 $ 85,295 $ 35,814 $ 58,501 $ 285,858 Charge-offs (17,379) (22,056) (59,516) (11,322) (56,425) (166,698) Recoveries 605 8,271 2,253 5,158 4,329 20,616 Provision (release) 13,570 (6,938) 35,444 (15,215) 58,797 85,658 Ending balance $ 29,906 $ 52,415 $ 63,476 $ 14,435 $ 65,202 $ 225,434 Ending balance: specific reserve for impaired loans $ 11,658 $ 14,128 $ 21,267 $ 2,936 $ 5,295 $ 55,284 Ending balance: purchased credit-impaired loans $ - $ - $ - $ - $ - $ - Ending balance: general allowance $ 18,248 $ 38,287 $ 42,209 $ 11,499 $ 59,907 $ 170,150 Loans held for investment: Ending balance $ 2,819,648 $ 1,812,094 $ 2,515,384 $ 141,689 $ 2,026,587 $ 9,315,402 Ending balance: impaired loans $ 421,823 $ 238,332 $ 241,413 $ 39,441 $ 32,005 $ 973,014 Ending balance: purchased credit-impaired loans $ 99,535 $ 3,418 $ - $ - $ 1,360 $ 104,313 Ending balance: loans with general allowance $ 2,298,290 $ 1,570,344 $ 2,273,971 $ 102,248 $ 1,993,222 $ 8,238,075 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 s . This transaction resulted in charge-offs of approximately $61.4 million. The Corporation has considered the charge-offs information related to the second quarter 2015 bulk sale in its second and third quarter estimates of credit impairment for loans collectively measured. In the second quarter, t he 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 an increase of $15.5 million in the general reserve for loan losses determined for loans collectively evaluated for impairment. During the third quarter of 2015, the Corporation further refined its methodology by allocating the second quarter bulk sale losses over an estimated realization period of eight quarters which would reflect a more typical loss resolution pattern. Management believes that this loss estimation process is more indicative of the current experience related to the average period for a loan to migrate to asset classification categories and the eventual charge-off. As of September 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
	Sep. 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) September 30, 2015 December 31, 2014 Residential mortgage loans $ 26,560 $ 22,315 Construction loans 7,797 47,802 Commercial mortgage loans 230 6,839 Total $ 34,587 $ 76,956 Non-performing loans held for sale totaled $ 8.0 million ($ 0.2 million commercial mortgage and $ 7.8 million construction loans) and $ 54. 6 m illion ($ 6.8 million commercial mortgage and $ 47.8 million construction loans) as of September 30, 201 5 and December 31, 201 4 , respectively . During the third quarter of 2015, upon the signing of a new agreement with the borrower , the Corporation changed its intent to sell a $ 40.0 million construction -commercial loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment and continues to be classified as a TDR and a non-performing loan . 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
	Sep. 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: September 30, December 31, (In thousands) 2015 2014 OREO OREO balances, carrying value: FHA/VA-Guaranteed (1) $ 7,809 $ 7,059 Other residential 30,187 22,520 Commercial 71,124 75,654 Construction 15,322 18,770 Total $ 124,442 $ 124,003 (1) As of September 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
	Sep. 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 September 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 September 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 frame 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 Consolida ted Statements of Income. 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 September 30, December 31, 2015 2014 (In thousands) Undesignated economic hedges: Interest rate contracts: Interest rate swap agreements $ - $ 5,440 Written interest rate cap agreements 121,150 37,132 Purchased interest rate cap agreements 121,150 37,132 Forward Contracts: Sale of GNMA TBAs 32,000 19,000 $ 274,300 $ 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 September 30, December 31, September 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 793 6 Purchased interest rate cap agreements Other assets 806 6 Accounts payable and other liabilities - - Forward Contracts: Sales of GNMA TBAs Other assets - - Accounts payable and other liabilities 245 148 $ 806 $ 39 $ 1,038 $ 187 The following table summarizes the effect of derivative instruments on the statement of income: Gain (or Loss) Gain (or Loss) Location of Gain or (loss) Quarter Ended Nine-Month Period Ended Recognized in Income on September 30, September 30, (In thousands) Derivatives 2015 2014 2015 2014 Undesignated economic hedges: Interest rate contracts: Interest rate swap agreements Interest income - Loans $ - $ 419 $ - $ 993 Written and purchased interest rate cap agreements Interest income - Loans 144 - 144 - Forward contracts: Sales of GNMA TBAs Mortgage banking activities (279) 229 (97) (173) Total (loss) gain on derivatives $ (135) $ 648 $ 47 $ 820 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 September 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 September 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
	Sep. 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 September 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 Derivatives $ 806 $ - $ 806 $ (806) $ - $ - Securities purchased under agreements to resell 200,000 (200,000) - - - - Total 200,806 (200,000) 806 (806) - - 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 September 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
	Sep. 30, 2015
GOODWILL AND OTHER INTANGIBLES	NOTE 13 – GOODWILL AND OTHER INTANGIBLES Goodwill as of September 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 nine months 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 6.1 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 $5.8 million ($ 5.3 million as of September 30, 2015). 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 September 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 (41,939) (40,424) Net carrying amount $ 9,725 $ 5,420 Remaining amortization period 9.3 years 8.4 years Purchased credit card relationship intangible: Gross amount $ 24,465 $ 24,465 Accumulated amortization (10,378) (8,076) Net carrying amount $ 14,087 $ 16,389 Remaining amortization period 6.1 years 6.9 years For the quarter and nine-month period ended September 30, 2015 , the amortization expense of core deposit intangibles amounted to $ 0.6 million and $ 1. 5 million , respectively (201 4 - $ 0. 4 million and $ 1.2 million , respectively ) . For the quarter and nine-month period ended September 30, 2015 , the amortization expense of the purchased credit card relationship intangible amounted to $ 0.8 million and $ 2.3 million , respectively (201 4 - $ 0. 8 million and $ 2.6 million , respectively ). The estimated aggregate amortization expense related to these intangible assets for future periods is as follows: Amount (In thousands) 2015 $ 1,326 2016 4,884 2017 4,270 2018 3,313 2019 and after 10,019

NON-CONSOLIDATED VARIABLE INTER

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS	3 Months Ended
	Sep. 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 September 30, 2015 , the Corporation serviced loans securitized through GNMA with a principal balance of $ 1. 3 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 $ 26.8 million as of September 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 September 30, 2015 , the amortized balance and carrying value of Grantor Trusts amounted to $ 37.5 million and $ 27.4 million, respectively, with a weighted average yield of 2.20 %. 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 September 30, 2015 , the carrying amount of the loan was $ 10.0 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 201 6 . 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 September 30, 2015 , the carrying value of the revolver agreement and working capital line was $ 16 .5 million and $ 3.9 million, 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 nine-month periods ended September 30, 2015 and 2014: Quarter Ended Nine-Month Period Ended September 30, September 30, September 30, September 30, 2015 2014 2015 2014 (In thousands) (In thousands) Revenues, including net realized gains on sale of investments in loans and OREO $ 3,277 $ 375 $ 4,808 $ 3,244 Gross (loss) profit $ (4,336) $ (2,347) $ (15,233) $ (4,310) Net loss $ (4,336) $ (2,976) $ (14,609) $ (7,778) Servicing Assets Th rough its sale of mortgages, the Corporation is actively involved in the securitization of pools of FHA-insured and VA-guar anteed mortgages for issuance as 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 Nine-Month period ended September 30, September 30, (In thousands) 2015 2014 2015 2014 Balance at beginning of period $ 23,519 $ 22,270 $ 22,838 $ 21,987 Capitalization of servicing assets 1,242 1,075 3,789 3,144 Amortization (758) (772) (2,409) (2,345) Adjustment to fair value (23) (46) (170) (226) Other (1) (20) (24) (88) (57) Balance at end of period $ 23,960 $ 22,503 $ 23,960 $ 22,503 (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 Nine-Month Period Ended September 30, September 30, (In thousands) 2015 2014 2015 2014 Balance at beginning of period $ 202 $ 392 $ 55 $ 212 Temporary impairment charges 41 53 227 296 OTTI of servicing assets - (385) - (385) Recoveries (18) (7) (57) (70) Balance at end of period $ 225 $ 53 $ 225 $ 53 The components of net servicing income are shown below: Quarter ended Nine-Month Period Ended September 30, September 30, (In thousands) 2015 2014 2015 2014 Servicing fees $ 1,796 $ 1,738 $ 5,340 $ 5,098 Late charges and prepayment penalties 179 177 546 518 Adjustment for loans repurchased (20) (24) (88) (57) Other (1) (22) (197) (125) (1,244) Servicing income, gross 1,933 1,694 5,673 4,315 Amortization and impairment of servicing assets (781) (818) (2,579) (2,571) Servicing income, net $ 1,152 $ 876 $ 3,094 $ 1,744 (1) Mainly consisted of compensatory fees imposed by GSEs. 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 Nine-Month Period Ended September 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 14.4 % 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 % Nine-Month Period Ended September 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 13.8 % 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 September 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 September 30, 2015 were as follows: (Dollars in thousands) Carrying amount of servicing assets $ 23,960 Fair value $ 26,378 Weighted-average expected life (in years) 9.27 Constant prepayment rate (weighted-average annual rate) 9.32% Decrease in fair value due to 10% adverse change $ 938 Decrease in fair value due to 20% adverse change $ 1,821 Discount rate (weighted-average annual rate) 10.64% Decrease in fair value due to 10% adverse change $ 1,114 Decrease in fair value due to 20% adverse change $ 2,142 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
	Sep. 30, 2015
DEPOSITS	N OTE 15 – DEPOSITS The following table summarizes deposit balances: September 30, December 31, 2015 2014 (In thousands) Type of account: Non-interest bearing checking accounts $ 1,402,807 $ 900,616 Savings accounts 2,511,356 2,450,484 Interest-bearing checking accounts 1,222,065 1,054,136 Certificates of deposit 2,312,118 2,191,663 Brokered CDs 2,268,115 2,887,046 $ 9,716,461 $ 9,483,945 Brokered CDs mature as follows: September 30, 2015 (In thousands) Three months or less $ 505,272 Over three months to six months 310,864 Over six months to one year 636,381 One to three years 779,515 Three to five years 5,315 Over five years 30,768 Total $ 2,268,115 The following are the components of interest expense on deposits: Quarter Ended Nine-Month Period Ended September 30, September 30, 2015 2014 2015 2014 (In thousands) Interest expense on deposits $ 15,947 $ 17,705 $ 48,402 $ 53,969 Accretion of premium from acquisition (156) - (441) - Amortization of broker placement fees 1,060 1,639 3,564 5,140 Interest expense on deposits $ 16,851 $ 19,344 $ 51,525 $ 59,109

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	3 Months Ended
	Sep. 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) September 30, 2015 December 31, 2014 Repurchase agreements, interest ranging from 1.96% to 3.38% (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 agreements) by counterparty, when applicable, pursuant to ASC 210-20-45-11. (2) As of September 30, 2015, includes $600 million with an average rate of 2.93% that lenders have the right to call before their contractual maturities at various dates beginning on October 9, 2015. In addition, $500 million is tied to variable rates. In October 2015, the counterparty to the $200 million reverse repurchase agreement exercised its call option on the instrument. 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. In October 2015, the counterparty to the $200 million reverse repurchase agreement exercised its call option on the instrument. 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: September 30, 2015 (In thousands) Over one year to three years $ 500,000 Over five years 200,000 Total $ 700,000 As of September 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 September 30, 2015, grouped by counterparty, were as follows: (Dollars in thousands) Weighted-Average Counterparty Amount Maturity (In Months) Citigroup Global Markets $ 300,000 13 JP Morgan Chase 200,000 76 Dean Witter / Morgan Stanley 100,000 25 Credit Suisse First Boston 100,000 2 $ 700,000

ADVANCES FROM THE FEDERAL HOME

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB)	3 Months Ended
	Sep. 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: September 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) September 30, 2015 Over ninety days to one year $ 100,000 Over one year to three years 225,000 Total $ 325,000 As of September 30, 2015 , the Corporation had additional capacity of approximately $ 797.1 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
	Sep. 30, 2015
OTHER BORROWINGS	NOTE 18 – OTHER BORROWINGS Other borrowings consist of: September 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 (3.08% as of September 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 (2.82% as of September 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
	Sep. 30, 2015
STOCKHOLDERS' EQUITY	NOTE 19 – STOCKHOLDERS' EQUITY Common Stock As of September 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 September 30, 2015 and December 31, 2014 , there were 215,903,829 and 213,724,749 shares issued, respectively, and 214,982,131 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 divide nd 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 these transactio n s , 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 v alue, or $5.5 million. With these exchange s , 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 September 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 nine months of 2014, the Corporation issued an aggregate of 4,597,121 shares of its common stock in exchange for an aggregate of 1,077,726 shares of the Corporation's Series A through E Preferred Stock, having an aggregate liquidation value of $26.9 million. The shares of common stock were issued to holders of the Series A through E Preferred Stock in separate and unrelated transactions in reliance upon the exemption set forth in Section 3(a)(9) of the Securities Act, 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 nine months of 201 5 , the Corporation withheld an aggregate of 181,649 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 September 3 0 , 201 5 and December 31, 201 4 , the Corporation had 921,698 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 September 30, 2015. There were no transfers to the legal surplus reserve during the first nine months of 2015.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Sep. 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 tax paid in the U.S. and USVI 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 s ales is exempt from Puerto Rico 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 September 3 0 , 2015, the deferred tax assets, net of a valuation allowance of $ 204.1 million, amounted to $ 311.4 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 expense of $ 4.5 million and $ 2.7 million in the third quarter and first nine months of 2015 , respectively, compared to an income tax expense of $ 0. 1 million and $ 0. 7 million , for the same periods in 2014 . For the nine -month period ended September 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 implemented 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 17 %. The year to date effective tax rate including all entities is 30 %. The income tax expense recorded for the first nine months of 2015 is a result of applying the estimated annual effective tax rate to the year to date ordinary income. As of September 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 , during 2014 , 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 s under the 2011 PR code is 4 years; th e statute of limitation s 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 s 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 2 remain open to examination. The 2012 U.S. federal tax return is currently under examination by the IRS. For Puerto Rico tax purposes, all tax years subsequent to 201 1 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 gro ss 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. 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 , the Corporation did not record national gross receipts tax expense for 2015 . During the first nine months of 2014, a $ 4.3 million gross receipt s tax expense was included as part of “Taxes, other than income taxes” in the consolidated statement of income and a $ 2.1 million benefit related to this credit was recorded as a reduction to the provision for income taxes. On May 28 and September 30, 2015, the Puerto Rico legislature approved Act 72-2015 and Act 159-2015, respectively, which enact amendments to the Puerto Rico Internal Revenue Code. The a mendments related to the income tax pr ovision determination include changes to the alternative minimum tax computation, and changes to the use limitation on NOLs an d capital losses for 2015 and future taxable years. The change in the tax law affected the Corporation's income tax computation by limiting the NOL deduction to 80 % of taxable income, compared to a 90 % limitation in 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
	Sep. 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 ha s 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 nine -month periods ended September 30, 2015 and 2014 was immaterial. Assets and liabilities measured at fair value on a recurring basis are summarized below: As of September 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 $ 7,537 $ - $ - $ 7,537 $ 7,499 $ - $ - $ 7,499 Noncallable U.S. agency debt - 319,357 - 319,357 - 228,157 - 228,157 MBS and Callable U.S. agency debt - 1,519,218 - 1,519,218 - 1,653,140 - 1,653,140 Puerto Rico government obligations - 32,047 2,088 34,135 - 40,658 2,564 43,222 Private label MBS - - 27,520 27,520 - - 33,648 33,648 Other investments - - 100 100 - - - - Derivatives, included in assets: Interest rate swap agreements - - - - - 33 - 33 Purchased interest rate cap agreements - 806 - 806 - 6 - 6 Liabilities: Derivatives, included in liabilities: Interest rate swap agreements - - - - - 33 - 33 Written interest rate cap agreement - 793 - 793 - 6 - 6 Forward contracts - 245 - 245 - 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 nine -month periods ended September 30, 2015 and 2014 : Total Fair Value Measurements Quarter Ended September 30, 2015 2014 Level 3 Instruments Only Securities Securities (In thousands) Available For Sale (1) Available For Sale (1) Beginning balance $ 31,640 $ 40,918 Total gains or (losses) (realized/unrealized): Included in earnings (231) (245) Included in other comprehensive income 345 333 Principal repayments and amortization (2,046) (2,124) Ending balance $ 29,708 $ 38,882 (1) Amounts mostly related to private label mortgage-backed securities. Total Fair Value Measurements Nine-Month Period Ended September 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 (628) (245) Included in other comprehensive income 1,489 2,026 Purchases 100 5,123 Sales - (4,855) Principal repayments and amortization (7,465) (6,459) Ending balance $ 29,708 $ 38,882 (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 September 30, 2015: September 30, 2015 (In thousands) Fair Value Valuation Technique Unobservable Input Range Investment securities available-for-sale: Private label MBS $ 27,520 Discounted cash flow Discount rate 14.5% Prepayment rate 17.83% -100% (Weighted Average 29.94%) Projected cumulative loss rate 0.16% -80% (Weighted Average 7.1%) Puerto Rico Government Obligations 2,088 Discounted cash flow Prepayment speed 3.00% 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 nine-month periods ended September 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 September 30, 2015 Quarter ended September 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) $ (231) $ (245) Changes in Unrealized Losses Changes in Unrealized Losses Nine-Month Period Ended September 30, 2015 Nine-Month Period Ended September 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) $ (628) $ (245) 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 September 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 September 30, 2015 (Losses) recorded for the Quarter Ended September 30, 2015 (Losses) recorded for the Nine-Month Period Ended September 30, 2015 Level 1 Level 2 Level 3 (In thousands) Loans receivable (1) $ - $ - $ 332,688 $ (7,864) $ (22,431) OREO (2) - - 124,442 (4,025) (8,790) Mortgage servicing rights (3) - - 23,960 (23) (170) Loans Held For Sale (4) - - 8,027 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 9.32%, Discount Rate of 10.64%. (4) The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans. As of September 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 September 30, 2014 (Losses) recorded for the Quarter Ended September 30, 2014 (Losses) recorded for the Nine-Month Period Ended September 30, 2014 Level 1 Level 2 Level 3 (In thousands) Loans receivable (1) $ - $ - $ 461,882 $ (6,495) $ (30,376) OREO (2) - - 112,803 (2,287) (10,544) Mortgage servicing rights (3) - - 22,503 (46) (226) Loans Held For Sale (4) - - 54,641 - - (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 9.71%, Discount Rate of 10.63%. (4) The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans. Qualitative information regarding the fair value measurements for Level 3 financial instruments is as follows: September 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 9.32%; weighted average discount rate of 10.64% 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 s 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 September 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 September 30, 2015 and December 31, 2014: Total Carrying Amount in Statement of Financial Condition September 30, 2015 Fair Value Estimate September 30, 2015 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments $ 961,737 $ 961,737 $ 961,737 $ - $ - Investment securities available for sale 1,907,867 1,907,867 7,537 1,870,622 29,708 Other equity securities 26,319 26,319 - 26,319 - Loans held for sale 34,587 35,767 - 27,740 8,027 Loans held for investment 9,301,945 Less: allowance for loan and lease losses (228,966) Loans held for investment, net of allowance $ 9,072,979 8,877,609 - - 8,877,609 Derivatives, included in assets 806 806 - 806 - Liabilities: Deposits 9,716,461 9,724,759 - 9,724,759 - Securities sold under agreements to repurchase 700,000 759,417 - 759,417 - Advances from FHLB 325,000 326,483 - 326,483 - Other borrowings 226,492 132,771 - - 132,771 Derivatives, included in liabilities 1,038 1,038 - 1,038 - 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
	Sep. 30, 2015
SUPPLEMENTAL CASH FLOW INFORMATION	NOTE 22 – SUPPLEMENTAL CASH FLOW INFORMATION Supplemental cash flow information is as follows: Nine-Month Period Ended September 30, 2015 2014 (In thousands) Cash paid for: Interest on borrowings $ 70,016 $ 76,975 Income tax 3,404 6,427 Non-cash investing and financing activities: Additions to other real estate owned 44,415 19,313 Additions to auto and other repossessed assets 57,901 69,409 Capitalization of servicing assets 3,789 3,144 Loan securitizations 213,391 144,569 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
	Sep. 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 September 30, 2015 , the Corporation had six reportable segments: Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Invest ments; 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 September 30, 2015: Interest income $ 36,180 $ 48,528 $ 32,636 $ 11,500 $ 11,229 $ 9,739 $ 149,812 Net (charge) credit for transfer of funds (12,629) 4,335 (4,058) 8,563 3,789 - - Interest expense - (5,869) - (14,305) (3,931) (778) (24,883) Net interest income 23,551 46,994 28,578 5,758 11,087 8,961 124,929 (Provision) release for loan and lease losses (6,750) (13,946) (11,355) - 1,307 (432) (31,176) Non-interest income (loss) 3,982 11,759 647 (174) 778 1,766 18,758 Direct non-interest expenses (8,977) (32,669) (10,896) (1,103) (6,914) (7,441) (68,000) Segment income $ 11,806 $ 12,138 $ 6,974 $ 4,481 $ 6,258 $ 2,854 $ 44,511 Average earning assets $ 2,642,388 $ 1,959,951 $ 2,760,788 $ 2,531,084 $ 1,048,451 $ 644,769 $ 11,587,431 (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total For the quarter ended September 30, 2014: Interest income $ 30,038 $ 52,725 $ 39,737 $ 12,335 $ 11,541 $ 10,286 $ 156,662 Net (charge) credit for transfer of funds (9,541) 4,162 (3,354) 5,601 3,132 - - Interest expense - (5,902) - (17,323) (4,855) (888) (28,968) Net interest income 20,497 50,985 36,383 613 9,818 9,398 127,694 (Provision) release for loan and lease losses (5,261) (18,634) (8,900) - 6,791 (995) (26,999) Non-interest income (loss) 3,643 9,409 1,104 (190) 621 1,587 16,174 Direct non-interest expenses (9,896) (31,670) (10,265) (1,481) (6,015) (11,118) (70,445) Segment income (loss) $ 8,983 $ 10,090 $ 18,322 $ (1,058) $ 11,215 $ (1,128) $ 46,424 Average earning assets $ 2,189,861 $ 2,021,207 $ 3,398,113 $ 2,676,556 $ 958,790 $ 672,392 $ 11,916,919 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total Nine-Month Period Ended September 30, 2015: Interest income $ 106,352 $ 147,395 $ 100,192 $ 36,276 $ 34,477 $ 29,237 $ 453,929 Net (charge) credit for transfer of funds (36,212) 12,816 (11,746) 23,936 11,206 - - Interest expense - (17,379) - (44,834) (12,326) (2,337) (76,876) Net interest income 70,140 142,832 88,446 15,378 33,357 26,900 377,053 (Provision) release for loan and lease losses (21,657) (36,588) (84,170) - 6,715 (2,712) (138,412) Non-interest income (loss) 11,866 35,504 2,350 (13,046) 2,032 6,008 44,714 Direct non-interest expenses (26,270) (96,690) (30,013) (3,487) (21,293) (24,892) (202,645) Segment income (loss) $ 34,079 $ 45,058 $ (23,387) $ (1,155) $ 20,811 $ 5,304 $ 80,710 Average earning assets $ 2,601,892 $ 1,956,352 $ 2,947,562 $ 2,683,313 $ 1,001,860 $ 640,027 $ 11,831,006 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total Nine-Month Period Ended September 30, 2014: Interest income $ 83,230 $ 163,406 $ 122,861 $ 41,906 $ 33,316 $ 30,937 $ 475,656 Net (charge) credit for transfer of funds (26,823) 11,933 (9,402) 15,985 8,307 - - Interest expense - (18,580) - (50,867) (14,507) (2,781) (86,735) Net interest income 56,407 156,759 113,459 7,024 27,116 28,156 388,921 (Provision) release for loan and lease losses (12,734) (58,604) (36,424) - 23,231 (1,127) (85,658) Non-interest income 9,446 30,044 4,021 207 1,773 5,244 50,735 Direct non-interest expenses (30,068) (95,195) (37,537) (4,121) (20,504) (28,806) (216,231) Segment income $ 23,051 $ 33,004 $ 43,519 $ 3,110 $ 31,616 $ 3,467 $ 137,767 Average earning assets $ 2,059,427 $ 1,953,726 $ 3,731,842 $ 2,700,429 $ 896,667 $ 666,279 $ 12,008,370 The following table presents a reconciliation of the reportable segment financial information to the consolidated totals: Quarter Ended Nine-Month Period Ended September 30, September 30, 2015 2014 2015 2014 Net income : Total income for segments and other $ 44,511 $ 46,424 $ 80,710 $ 137,767 Other non-interest income (loss) (1) - 0 13,443 (7,280) Other operating expenses (2) (25,277) (23,159) (85,159) (68,303) Income before income taxes 19,234 23,265 8,994 62,184 Income tax expense (4,476) (64) (2,664) (675) Total consolidated net income $ 14,758 $ 23,201 $ 6,330 $ 61,509 Average assets: Total average earning assets for segments $ 11,587,431 $ 11,916,919 $ 11,831,006 $ 12,008,370 Other average earning assets (1) - - - 2,216 Average non-earning assets 925,723 650,624 916,817 654,845 Total consolidated average assets $ 12,513,154 $ 12,567,543 $ 12,747,823 $ 12,665,431 (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
	Sep. 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 September 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 September 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 September 30, 2015 (Basel III) Total Capital (to Risk-Weighted Assets) First BanCorp. $ 1,806,332 19.71% $ 733,297 8% N/A N/A FirstBank $ 1,778,981 19.42% $ 732,966 8% $ 916,208 10% Common Equity Tier 1 Capital (to Risk-Weighted Assets) First BanCorp. $ 1,524,236 16.63% $ 412,480 4.5% N/A N/A FirstBank $ 1,472,920 16.08% $ 412,293 4.5% $ 595,535 6.5% Tier I Capital (to Risk-Weighted Assets) First BanCorp. $ 1,524,236 16.63% $ 549,973 6% N/A N/A FirstBank $ 1,661,709 18.14% $ 549,725 6% $ 732,966 8% Leverage ratio First BanCorp. $ 1,524,236 12.41% $ 491,476 4% N/A N/A FirstBank $ 1,661,709 13.54% $ 490,789 4% $ 613,486 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 September 3 0 , 201 5 , commitments to extend credit amounted to approximately $ 1 .1 b illion, of which $ 648.5 million relates to credit card loans. Commercial and Financial standby letters of credit amounted to approximately $ 52.6 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 September 3 0 , 2015 , 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
	Sep. 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 September 30, 2015 and December 31, 2014 and the results of its operations for the quarters and nine - month periods ended September 30, 2015 and 2014 . Statements of Financial Condition As of September 30, As of December 31, 2015 2014 (In thousands) Assets Cash and due from banks $ 28,849 $ 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 276 322 Investment in First Bank Puerto Rico, at equity 1,893,347 1,866,090 Investment in First Bank Insurance Agency, at equity 14,164 11,890 Investment in FBP Statutory Trust I 2,929 3,093 Investment in FBP Statutory Trust II 3,866 3,866 Other assets 4,784 4,357 Total assets $ 1,954,611 $ 1,926,394 Liabilities and Stockholders' Equity Liabilities: Other borrowings $ 226,492 $ 231,959 Accounts payable and other liabilities 27,169 22,692 Total liabilities 253,661 254,651 Stockholders' equity 1,700,950 1,671,743 Total liabilities and stockholders' equity $ 1,954,611 $ 1,926,394 Statement of Income Quarter Ended Nine-Month Period Ended September 30, September 30, 2015 2014 2015 2014 (In thousands) (In thousands) Income: Interest income on money market investments $ 5 $ 5 $ 15 $ 15 Other income 58 55 439 163 63 60 454 178 Expense: Other borrowings 1,861 1,818 5,521 5,365 Other operating expenses 643 693 2,000 1,967 2,504 2,511 7,521 7,332 Loss before income taxes and equity in undistributed earnings of subsidiaries (2,441) (2,451) (7,067) (7,154) Income tax provision - 1 - (3) Equity in undistributed earnings of subsidiaries 17,199 25,651 13,397 68,666 Net income $ 14,758 $ 23,201 $ 6,330 $ 61,509 Other Comprehensive income (loss) , net of tax 16,709 (5,916) 13,681 44,413 Comprehensive income $ 31,467 $ 17,285 $ 20,011 $ 105,922

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Sep. 30, 2015
SUBSEQUENT EVENTS	NOTE 26 – SUBSEQUENT EVENTS On October 31, 2015, the Corporation entered into a strategic long-term marketing alliance with Evertec , Inc. (“ Evertec ”) where FirstBank sold its merchants contracts portfolio . Evertec acquired FirstBan k's merchant contracts and will continue to provide processing services, customer service and support operations to FirstBank's merchant locations. Merchant services will be marketed through FirstBank's branches and offices in Puerto Rico and the Virgin Islands. Under the marketing alliance agreement, FirstBank and Evertec will share, in accordance with agreed terms, revenues generated by the existing and incremental merchant contracts over the term of the agreement. The Corporation expects to record a portion of the consideration received in exchange for the merchant contracts as a gain on sale at the closing date, with the remainder being recorded over the term of the alliance agreement. The Corporation has performed an evaluation of all other events occurring subsequent to September 30, 2015; management has determined that there are no additional events occurring in this period that require disclosure in or adjustment to the accompanying financial statements.

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
	Sep. 30, 2015
Schedule of Earning Per Share [Table Text Block]	The calculations of earnings per common share for the quarters and nine-month periods ended September 30, 2015 and 2014 are as follows: Quarter Ended Nine-Month Period Ended September 30, September 30, 2015 2014 2015 2014 (In thousands, except per share information) Net income $ 14,758 $ 23,201 $ 6,330 $ 61,509 Favorable impact from issuing common stock in exchange for Series A through E preferred stock (1) - - 0 1,659 Net income attributable to common stockholders $ 14,758 $ 23,201 $ 6,330 $ 63,168 Weighted-Average Shares: Average common shares outstanding 211,820 210,466 211,255 208,151 Average potential dilutive common shares 1,963 1,893 1,341 1,660 Average common shares outstanding- assuming dilution 213,783 212,359 212,596 209,811 Earnings per common share: Basic $ 0.07 $ 0.11 $ 0.03 $ 0.30 Diluted $ 0.07 $ 0.11 $ 0.03 $ 0.30 (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 first nine-months of 2014.

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	3 Months Ended
	Sep. 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 values 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
	Sep. 30, 2015
Activity of Stock Options	The activity of stock options granted under the 1997 stock option plan for the nine-month period ended September 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 0.8 $ -
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: Nine-Month Period Ended September 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 1,013,495 3.86 Forfeited (17,500) 5.48 Vested (349,190) 5.02 Non-vested shares at September 30, 2015 2,973,961 $ 3.34

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Sep. 30, 2015
Investment Securities Available for Sale	September 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 $ 7,536 $ - $ 1 $ - $ 7,537 0.57 Obligations of U.S. government-sponsored agencies: Due within one year 5,000 - 8 - 5,008 0.66 After 1 to 5 years 341,092 - 748 878 340,962 1.33 After 5 to 10 years 64,718 - 1,074 - 65,792 2.35 Puerto Rico government obligations: After 1 to 5 years 28,488 11,245 - 772 16,471 4.38 After 5 to 10 years 865 - - - 865 5.20 After 10 years 23,356 5,420 85 1,222 16,799 5.40 United States and Puerto Rico government obligations 471,055 16,665 1,916 2,872 453,434 1.84 Mortgage-backed securities: FHLMC certificates: After 1 to 5 years 367 - 34 - 401 4.95 After 10 years 299,407 - 3,041 204 302,244 2.15 299,774 - 3,075 204 302,645 2.15 GNMA certificates: Due within one year 7 - - - 7 2.97 After 1 to 5 years 119 - 6 - 125 4.25 After 5 to 10 years 127,798 - 3,974 - 131,772 3.07 After 10 years 172,754 - 13,978 15 186,717 4.39 300,678 - 17,958 15 318,621 3.83 FNMA certificates: After 1 to 5 years 2,916 - 95 - 3,011 3.35 After 5 to 10 years 21,684 - 693 10 22,367 2.73 After 10 years 771,005 - 10,354 1,190 780,169 2.32 795,605 - 11,142 1,200 805,547 2.34 Other mortgage pass-through trust certificates: After 5 to 10 years 96 - - - 96 7.26 After 10 years 37,479 10,055 - - 27,424 2.20 37,575 10,055 - - 27,520 2.20 Total mortgage-backed securities 1,433,632 10,055 32,175 1,419 1,454,333 2.61 Other After 1 to 5 years 100 - - - 100 1.50 Total investment securities available for sale $ 1,904,787 $ 26,720 $ 34,091 $ 4,291 $ 1,907,867 2.42 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: After 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 September 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 $ - $ - $ 28,948 $ 18,659 $ 28,948 $ 18,659 U.S. Treasury and U.S. government agencies obligations - - 213,301 878 213,301 878 Mortgage-backed securities: FNMA 200,610 450 92,639 750 293,249 1,200 FHLMC 47,292 69 20,151 135 67,443 204 GNMA 1,057 15 - - 1,057 15 Collateralized mortgage obligations Other mortgage pass-through trust certificates - - 27,424 10,055 27,424 10,055 $ 248,959 $ 534 $ 382,463 $ 30,477 $ 631,422 $ 31,011 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 Nine-Month Period Ended September 30, September 30, 2015 2014 2015 2014 (In thousands) Total other-than-temporary impairment losses $ - $ - $ (29,521) $ - Noncredit-related impairment portion recognized in OCI - - 16,665 - Portion of other-than-temporary impairment losses previously recognized in OCI (231) (245) (628) (245) Net impairment losses recognized in earnings (1) $ (231) $ (245) $ (13,484) $ (245) (1) For the nine-month period ended September 30, 2015, approximately $12.9 million of the credit impairment recognized in earnings consisted of credit losses on Puerto Rico Government debt securities and $0.6 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 June 30, recognized in earnings recognized in earnings on September 30, 2015 on securities not securities that have been 2015 Balance previously impaired previously impaired Balance (In thousands) Available for sale securities Puerto Rico government obligations $ 12,856 $ - $ - $ 12,856 Private label MBS 6,174 - 231 6,405 Total OTTI credit losses for available-for-sale debt securities $ 19,030 $ - $ 231 $ 19,261 Cumulative OTTI credit losses recognized in earnings on securities still held Credit impairments Credit impairments December 31, recognized in earnings recognized in earnings on September 30, 2014 on securities not securities that have been 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 - 628 6,405 Total OTTI credit losses for available-for-sale debt securities $ 5,777 $ 12,856 $ 628 $ 19,261 Cumulative OTTI credit losses recognized in earnings on securities still held Credit impairments Credit impairments June 30, recognized in earnings recognized in earnings on September 30, 2014 on securities not securities that have been 2014 Balance previously impaired previously impaired Balance (In thousands) Available for sale securities Private label MBS $ 5,389 $ - $ 245 $ 5,634 Cumulative OTTI credit losses recognized in earnings on securities still held Credit impairments Credit impairments December 31, recognized in earnings recognized in earnings on September 30, 2013 on securities not securities that have been 2014 Balance previously impaired previously impaired Balance (In thousands) Available for sale securities Private label MBS $ 5,389 $ - $ 245 $ 5,634
Significant Assumptions in Valuation of Private Label MBS	September 30, 2015 December 31, 2014 Weighted Weighted Average Range Average Range Discount rate 14.5% 14.5% 14.5% 14.5% Prepayment rate 30% 17.83%-100% 32% 19.89%-100.00% Projected Cumulative Loss Rate 7.1% 0.16%-80.00% 7.9% 0.64%-80.00%

LOAN PORTFOLIO (Tables)

LOAN PORTFOLIO (Tables)	3 Months Ended
	Sep. 30, 2015
Loan Portfolio Held for Investment	September 30, December 31, 2015 2014 (In thousands) Residential mortgage loans, mainly secured by first mortgages $ 3,330,089 $ 3,011,187 Commercial loans: Construction loans 163,956 123,480 Commercial mortgage loans 1,562,538 1,665,787 Commercial and Industrial loans (1) 2,383,807 2,479,437 Loans to a local financial institution collateralized by Total commercial loans 4,110,301 4,268,704 Finance leases 228,617 232,126 Consumer loans 1,632,938 1,750,419 Loans held for investment 9,301,945 9,262,436 Allowance for loan and lease losses (228,966) (222,395) Loans held for investment, net $ 9,072,979 $ 9,040,041 (1) As of September 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) September 30, December 31, 2015 2014 Non-performing loans: Residential mortgage $ 174,555 $ 180,707 Commercial mortgage 68,979 148,473 Commercial and Industrial 141,855 122,547 Construction : Land 12,692 15,030 Construction-commercial (1) 40,005 - Construction-residential 3,274 14,324 Consumer: Auto loans 17,033 22,276 Finance leases 2,353 5,245 Other consumer loans 11,889 15,294 Total non-performing loans held for investment (2) (3)(4) $ 472,635 $ 523,896 (1) During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment and continues to be classified as a Troubled Debt Restructuring ("TDR") and a non-performing loan. (2) As of September 30, 2015 and December 31, 2014, excludes $8.0 million and $54.6 million, respectively, of non-performing loans held for sale. (3) Amount excludes purchased-credit impaired ("PCI") loans with a carrying value of approximately $176.1 million and $102.6 million as of September 30, 2015 and December 31, 2014, respectively, primarily mortgage loans acquired from Doral Bank in the first quarter of 2015 and the 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. (4) Non-performing loans exclude $411.8 million and $494.6 million of TDRs loans that are in compliance with modified terms and in accrual status as of September 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 September 30, 2015 (In thousands) Current Residential mortgage: FHA/VA and other government-guaranteed loans (2) (3) (4) $ - $ 6,752 $ 92,883 $ 99,635 $ - $ 47,295 $ 146,930 $ 92,883 Other residential mortgage loans (4) - 99,455 191,077 290,532 172,927 2,719,700 3,183,159 16,522 Commercial: Commercial and Industrial loans 4,889 11,622 178,450 194,961 - 2,188,846 2,383,807 36,595 Commercial mortgage loans (4) - 3,255 81,489 84,744 3,158 1,474,636 1,562,538 12,510 Construction: Land (4) - 62 12,929 12,991 - 37,814 50,805 237 Construction-commercial (4)(5) - - 40,005 40,005 - 45,084 85,089 - Construction-residential (4) - - 6,337 6,337 - 21,725 28,062 3,063 Consumer: Auto loans 81,342 18,548 17,033 116,923 - 844,895 961,818 - Finance leases 9,422 3,090 2,353 14,865 - 213,752 228,617 - Other consumer loans 10,311 5,791 15,881 31,983 - 639,137 671,120 3,992 Total loans held for investment $ 105,964 $ 148,575 $ 638,437 $ 892,976 $ 176,085 $ 8,232,884 $ 9,301,945 $ 165,802 _____________ (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 $35.9 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 September 30, 2015. (3) As of September 30, 2015, includes $35.0 million of defaulted loans collateralizing Government National Mortgage Association ("GNMA") securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans. (4) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days as of September 30, 2015 amounted to $10.0 million, $165.3 million, $25.7 million, $0.6 million and $6.9 million, respectively. (5) During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment. 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 September 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 September 30, 2015 (In thousands) Commercial mortgage $ 283,071 $ 160 $ - $ 283,231 $ 1,562,538 Construction: Land 14,324 1 - 14,325 50,805 Construction-commercial (2) 50,690 - - 50,690 85,089 Construction-residential 4,079 - - 4,079 28,062 Commercial and Industrial 143,410 73,985 418 217,813 2,383,807 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 $8.0 million ($7.8 million land 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 September 30, 2015 and December 31, 2014, respectively, of non-performing loans held for sale. (2) During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment. September 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 $ 146,930 $ 2,835,677 $ 944,785 $ 226,264 $ 659,231 Purchased Credit-Impaired (2) - 172,927 - - - Non-performing - 174,555 17,033 2,353 11,889 Total $ 146,930 $ 3,183,159 $ 961,818 $ 228,617 $ 671,120 (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 $35.9 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 September 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 Nine-month Period Ended September 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 September 30, 2015 With no related allowance recorded: FHA/VA-Guaranteed loans $ - $ - $ - $ - $ - $ - $ - $ - Other residential mortgage loans 66,162 74,945 - 67,341 183 155 461 490 Commercial: Commercial mortgage loans 54,538 63,739 - 55,222 371 129 1,130 411 Commercial and Industrial Loans 27,607 29,895 - 28,207 13 152 38 601 Construction: Land - - - - - - - - Construction-commercial 40,005 40,000 - 40,005 - - - - Construction-residential 3,158 3,158 - 3,111 41 - 123 - Consumer: Auto loans 78 78 - 87 2 - 7 - Finance leases - - - - - - - - Other consumer loans 4,647 4,916 - 4,800 118 30 289 54 $ 196,195 $ 216,731 $ - $ 198,773 $ 728 $ 466 $ 2,048 $ 1,556 With an allowance recorded: FHA/VA-Guaranteed loans $ - $ - $ - $ - $ - $ - $ - $ - Other residential mortgage loans 393,149 438,144 18,705 395,951 4,648 309 12,996 1,312 Commercial: Commercial mortgage loans 49,508 68,061 4,886 52,509 143 37 380 223 Commercial and Industrial Loans 147,376 167,724 17,540 152,551 599 22 1,776 1,868 Construction: Land 9,861 13,969 1,196 9,978 11 20 37 64 Construction-commercial 11,490 11,490 748 11,640 125 - 376 - Construction-residential 1,609 2,385 184 1,665 - - - - Consumer: Auto loans 20,042 20,042 6,698 21,347 373 - 1,059 - Finance leases 2,165 2,165 322 2,494 39 - 123 - Other consumer loans 11,318 11,541 1,580 11,689 252 9 1,034 17 $ 646,518 $ 735,521 $ 51,859 $ 659,824 $ 6,190 $ 397 $ 17,781 $ 3,484 Total: FHA/VA-Guaranteed loans $ - $ - $ - $ - $ - $ - $ - $ - Other residential mortgage loans 459,311 513,089 18,705 463,292 4,831 464 13,457 1,802 Commercial: Commercial mortgage loans 104,046 131,800 4,886 107,731 514 166 1,510 634 Commercial and Industrial Loans 174,983 197,619 17,540 180,758 612 174 1,814 2,469 Construction: Land 9,861 13,969 1,196 9,978 11 20 37 64 Construction-commercial 51,495 51,490 748 51,645 125 - 376 - Construction-residential 4,767 5,543 184 4,776 41 - 123 - Consumer: Auto loans 20,120 20,120 6,698 21,434 375 - 1,066 - Finance leases 2,165 2,165 322 2,494 39 - 123 - Other consumer loans 15,965 16,457 1,580 16,489 370 39 1,323 71 $ 842,713 $ 952,252 $ 51,859 $ 858,597 $ 6,918 $ 863 $ 19,829 $ 5,040 (In thousands) Recorded Investment 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 $9.6 million ($7.6 million accrual basis and $2.0 million cash basis) and $25.6 million ($19.3 million accrual basis and $6.3 million cash basis) was recognized on impaired loans for the third quarter and nine-month period ended September 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 nine-month periods ended September 30, 2015 and 2014: Quarter Ended Nine-Month Period Ended September 30, 2015 (In thousands) Impaired Loans: Balance at beginning of period $ 824,816 $ 945,407 Loans determined impaired during the period 37,528 135,350 Charge-offs (1) (7,498) (90,026) Loans sold, net of charge-offs - (67,836) Increases to impaired loans-additional disbursements 408 2,524 Reclassification from loans held for sale 40,005 40,005 Foreclosures (12,858) (33,044) Loans no longer considered impaired (25,877) (39,062) Paid in full or partial payments (13,811) (50,605) Balance at end of period $ 842,713 $ 842,713 (1) For the nine-month period ended September 30, 2015, 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 Nine-Month Period Ended September 30, 2014 (In thousands) Impaired Loans: Balance at beginning of period $ 908,858 $ 919,112 Loans determined impaired during the period 118,549 271,792 Charge-offs (31,263) (95,948) Increases to impaired loans- additional disbursements 1,768 2,687 Foreclosures (5,332) (13,472) Loans no longer considered impaired (1,009) (18,740) Paid in full or partial payments (18,557) (92,417) Balance at end of period $ 973,014 $ 973,014
Activity for Specific Reserve	Quarter Ended Nine-Month Period Ended September 30, 2015 (In thousands) Specific Reserve: Balance at beginning of period $ 49,918 $ 55,205 Provision for loan losses 9,439 81,796 Net charge-offs (7,498) (85,142) Balance at end of period $ 51,859 $ 51,859 Quarter Ended Nine-Month Period Ended September 30, 2014 (In thousands) Specific Reserve: Balance at beginning of period $ 68,358 $ 102,601 Provision for loan losses 18,189 48,631 Net charge-offs (31,263) (95,948) Balance at end of period $ 55,284 $ 55,284
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 ASC 310-30 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: September 30, December 31, 2015 2014 (In thousands) Residential mortgage loans $ 172,927 $ 98,494 Commercial mortgage loans 3,158 3,393 Credit Cards - 717 Total PCI loans $ 176,085 $ 102,604 Allowance for loan losses (3,163) - Total PCI loans, net of allowance for loan losses $ 172,922 $ 102,604
Accretable Yield	Changes in the accretable yield of PCI loans for the quarter and nine-month period ended September 30, 2015 and 2014 were as follows: Quarter ended September 30, 2015 Quarter ended September 30, 2014 Nine-month period ended September 30, 2015 Nine-month period ended September 30, 2014 (In thousands) Balance at beginning of period $ 124,288 $ 86,147 $ 82,460 $ - Additions (accretable yield at acquisition of loans from Doral) - - 38,319 86,759 Accretion recognized in earnings (3,411) (1,850) (8,695) (2,462) Reclassification from non-accretable 1,348 - 10,141 - Balance at end of period $ 122,225 $ 84,297 $ 122,225 $ 84,297
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: September 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 $ 29,240 $ 5,629 $ 298,210 $ - $ 49,534 $ 382,613 Commercial Mortgage Loans 24,076 1,249 26,940 - 12,420 64,685 Commercial and Industrial Loans 2,177 74,357 28,131 3,032 43,713 151,410 Construction Loans: Land - 230 2,173 - 587 2,990 Construction-commercial (2) - - - 40,005 - 40,005 Construction-residential - - 3,158 - 431 3,589 Consumer Loans - Auto - 2,435 11,039 - 6,646 20,120 Finance Leases - 774 1,391 - - 2,165 Consumer Loans - Other 37 811 11,424 297 1,817 14,386 Total Troubled Debt Restructurings $ 55,530 $ 85,485 $ 382,466 $ 43,334 $ 115,148 $ 681,963 (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) During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment and continues to be classified as a TDR and a non-performing loan. 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 Nine-Month Period Ended September 30, 2015 Beginning balance of TDRs $ 634,761 $ 694,453 New TDRs 30,044 95,840 Increases to existing TDRs - additional disbursements 309 644 Charge-offs post modification (1) (5,327) (58,707) Sales, net of charge-offs - (44,048) Foreclosures (6,139) (16,391) Reclassification from loans held for sale 40,005 40,005 Paid-off and partial payments (11,690) (29,833) Ending balance of TDRs $ 681,963 $ 681,963 (1) For the nine-month period ended September 30, 2015 includes $45.3 million of charge-offs related to TDRs included in the bulk sale of assets. (In thousands) Quarter Ended Nine-Month Period Ended September 30, 2014 Beginning balance of TDRs $ 628,233 $ 630,258 New TDRs 94,864 149,609 Increases to existing TDRs - additional disbursements 1,197 1,331 Charge-offs post modification (12,598) (39,246) Foreclosures (768) (3,369) Paid-off and partial payments (9,785) (37,440) Ending balance of TDRs $ 701,143 $ 701,143
Breakdown Between Accrual and Nonaccrual Status of TDRs	The following table provides a breakdown between accrual and nonaccrual status of TDRs: (In thousands) September 30, 2015 Accrual Nonaccrual (1) Total TDRs Non-FHA/VA Residential Mortgage loans $ 299,251 $ 83,362 $ 382,613 Commercial Mortgage Loans 29,271 35,414 64,685 Commercial and Industrial Loans 50,825 100,585 151,410 Construction Loans: Land 681 2,309 2,990 Construction-commercial (2) - 40,005 40,005 Construction-residential 3,063 526 3,589 Consumer Loans - Auto 13,607 6,513 20,120 Finance Leases 1,965 200 2,165 Consumer Loans - Other 13,171 1,215 14,386 Total Troubled Debt Restructurings $ 411,834 $ 270,129 $ 681,963 (1) Included in non-accrual loans are $94.4 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) During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment and continues to be classified as a TDR and a non-performing loan. (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 September 30, 2015 Number of contracts Pre-modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled Debt Restructurings: Non-FHA/VA Residential Mortgage loans 98 $ 19,901 $ 19,481 Commercial Mortgage Loans 4 7,380 5,719 Commercial and Industrial Loans - - - Construction Loans: Land 1 109 109 Consumer Loans - Auto 203 3,352 3,297 Finance Leases 19 521 418 Consumer Loans - Other 197 1,026 1,020 Total Troubled Debt Restructurings 522 $ 32,289 $ 30,044 (Dollars in thousands) Nine-Month period ended September 30, 2015 Number of contracts Pre-modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled Debt Restructurings: Non-FHA/VA Residential Mortgage loans 350 $ 60,043 $ 57,882 Commercial Mortgage Loans 13 20,332 18,781 Commercial and Industrial Loans 3 2,997 2,579 Construction Loans: Land 7 603 600 Consumer Loans - Auto 547 8,739 8,564 Finance Leases 43 1,215 1,056 Consumer Loans - Other 929 6,432 6,378 Total Troubled Debt Restructurings 1,892 $ 100,361 $ 95,840 (Dollars in thousands) Quarter ended September 30, 2014 Number of contracts Pre-modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled Debt Restructurings: Non-FHA/VA Residential Mortgage loans 88 $ 13,050 $ 12,856 Commercial Mortgage Loans 1 589 589 Commercial and Industrial Loans 4 76,110 76,182 Construction Loans: Land 3 183 143 Consumer Loans - Auto 214 3,189 3,106 Finance Leases 13 292 230 Consumer Loans - Other 352 1,756 1,758 Total Troubled Debt Restructurings 675 $ 95,169 $ 94,864 (Dollars in thousands) Nine-Month period ended September 30, 2014 Number of contracts Pre-modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled Debt Restructurings: Non-FHA/VA Residential Mortgage loans 226 $ 31,776 $ 30,831 Commercial Mortgage Loans 5 1,833 1,836 Commercial and Industrial Loans 16 105,188 104,926 Construction Loans: Land 5 238 200 Consumer Loans - Auto 423 6,202 6,104 Finance Leases 33 659 565 Consumer Loans - Other 1,094 5,172 5,147 Total Troubled Debt Restructurings 1,802 $ 151,068 $ 149,609
Loan Modifications Considered Troubled Debt Restructurings Defaulted	Quarter ended September 30, (Dollars in thousands) 2015 2014 Number of contracts Recorded Investment Number of contracts Recorded Investment Non-FHA/VA Residential Mortgage loans 23 $ 3,744 12 $ 1,950 Commercial Mortgage Loans - - 2 4,604 Commercial and Industrial Loans - - 1 377 Construction Loans: Consumer Loans - Auto 1 10 21 347 Consumer Loans - Other 51 219 64 262 Finance Leases 3 145 4 82 Total 78 $ 4,118 104 $ 7,622 Nine-Month Period Ended September 30, (Dollars in thousands) 2015 2014 Number of contracts Recorded Investment Number of contracts Recorded Investment Non-FHA/VA Residential Mortgage loans 50 $ 7,646 45 $ 6,769 Commercial Mortgage Loans - - 2 4,604 Commercial and Industrial Loans 4 5,745 1 377 Construction Loans: Land - - 1 46 Consumer Loans - Auto 8 50 43 672 Consumer Loans - Other 141 589 162 643 Finance Leases 6 185 4 82 Total 209 $ 14,215 258 $ 13,193
Loan Restructuring and Effect on Allowance for Loan and Lease Losses	(In thousands) September 30, 2015 September 30, 2014 Principal balance deemed collectible at end of period $ 40,632 $ 59,764 Amount (recovery) charged off $ - $ (7,732) Charges (reductions) to the provision for loan losses $ 185 $ (8,719) Allowance for loan losses at end of period $ 916 $ 575
Past Due Purchased Credit Impaired Table [Text Block]	The following tables present PCI loans by past due status as of September 30, 2015 and December 31, 2014: As of September 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) $ - $ 15,805 $ 22,145 $ 37,950 $ 134,977 $ 172,927 Commercial mortgage loans (1) - 571 401 972 2,186 3,158 $ - $ 16,376 $ 22,546 $ 38,922 $ 137,163 $ 176,085 _____________ (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 past due 30-59 days as of September 30, 2015 amounted to $30.9 million. 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 Nine-Month Period Ended September 30, 2015 September 30, 2015 (In thousands) Balance at beginning of period $ 178,494 $ 102,604 Additions (1) - 79,889 Accretion 3,411 8,695 Collections and charge-offs (5,663) (14,946) Foreclosures (157) (157) Ending balance $ 176,085 $ 176,085 Allowance for loan losses (3,163) (3,163) Ending balance, net of allowance for loan losses $ 172,922 $ 172,922 (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
	Sep. 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 September 30, 2015 Allowance for loan and lease losses: Beginning balance $ 33,783 $ 49,092 $ 63,900 $ 11,865 $ 62,878 $ 221,518 Charge-offs (5,094) (3,677) (1,267) (103) (15,926) (26,067) Recoveries 214 20 327 176 1,602 2,339 Provision (release) 6,958 6,668 3,807 (139) 13,882 31,176 Ending balance $ 35,861 $ 52,103 $ 66,767 $ 11,799 $ 62,436 $ 228,966 Ending balance: specific reserve for impaired loans $ 18,705 $ 4,886 $ 17,540 $ 2,128 $ 8,600 $ 51,859 Ending balance: purchased credit-impaired loans $ 3,061 $ 102 $ - $ - $ - $ 3,163 Ending balance: general allowance $ 14,095 $ 47,115 $ 49,227 $ 9,671 $ 53,836 $ 173,944 Loans held for investment: Ending balance $ 3,330,089 $ 1,562,538 $ 2,383,807 $ 163,956 $ 1,861,555 $ 9,301,945 Ending balance: impaired loans $ 459,311 $ 104,046 $ 174,983 $ 66,123 $ 38,250 $ 842,713 Ending balance: purchased credit-impaired loans $ 172,927 $ 3,158 $ - $ - $ - $ 176,085 Ending balance: loans with general allowance $ 2,697,851 $ 1,455,334 $ 2,208,824 $ 97,833 $ 1,823,305 $ 8,283,147 (In thousands) Residential Mortgage Loans Commercial Mortgage Loans Commercial & Industrial Loans Construction Loans Consumer Loans Total Nine-Month period ended September 30, 2015 Allowance for loan and lease losses: Beginning balance $ 27,301 $ 50,894 $ 63,721 $ 12,822 $ 67,657 $ 222,395 Charge-offs (13,815) (54,115) (30,090) (4,787) (48,221) (151,028) Recoveries 584 6,515 3,386 2,379 6,323 19,187 Provision 21,791 48,809 29,750 1,385 36,677 138,412 Ending balance $ 35,861 $ 52,103 $ 66,767 $ 11,799 $ 62,436 $ 228,966 Ending balance: specific reserve for impaired loans $ 18,705 $ 4,886 $ 17,540 $ 2,128 $ 8,600 $ 51,859 Ending balance: purchased credit-impaired loans $ 3,061 $ 102 $ - $ - $ - $ 3,163 Ending balance: general allowance $ 14,095 $ 47,115 $ 49,227 $ 9,671 $ 53,836 $ 173,944 Loans held for investment: Ending balance $ 3,330,089 $ 1,562,538 $ 2,383,807 $ 163,956 $ 1,861,555 $ 9,301,945 Ending balance: impaired loans $ 459,311 $ 104,046 $ 174,983 $ 66,123 $ 38,250 $ 842,713 Ending balance: purchased credit-impaired loans $ 172,927 $ 3,158 $ - $ - $ - $ 176,085 Ending balance: loans with general allowance $ 2,697,851 $ 1,455,334 $ 2,208,824 $ 97,833 $ 1,823,305 $ 8,283,147 (In thousands) Residential Mortgage Loans Commercial Mortgage Loans Commercial & Industrial Loans Construction Loans Consumer Loans Total Quarter ended September 30, 2014 Allowance for loan and lease losses: Beginning balance $ 29,755 $ 48,578 $ 76,890 $ 21,292 $ 64,662 $ 241,177 Charge-offs (5,970) (2,823) (17,605) (7,691) (19,848) (53,937) Recoveries 236 3,939 1,174 4,486 1,360 11,195 Provision (release) 5,885 2,721 3,017 (3,652) 19,028 26,999 Ending balance $ 29,906 $ 52,415 $ 63,476 $ 14,435 $ 65,202 $ 225,434 Ending balance: specific reserve for impaired loans $ 11,658 $ 14,128 $ 21,267 $ 2,936 $ 5,295 $ 55,284 Ending balance: purchased credit-impaired loans $ - $ - $ - $ - $ - $ - Ending balance: general allowance $ 18,248 $ 38,287 $ 42,209 $ 11,499 $ 59,907 $ 170,150 Loans held for investment: Ending balance $ 2,819,648 $ 1,812,094 $ 2,515,384 $ 141,689 $ 2,026,587 $ 9,315,402 Ending balance: impaired loans $ 421,823 $ 238,332 $ 241,413 $ 39,441 $ 32,005 $ 973,014 Ending balance: purchased credit-impaired loans $ 99,535 $ 3,418 $ - $ - $ 1,360 $ 104,313 Ending balance: loans with general allowance $ 2,298,290 $ 1,570,344 $ 2,273,971 $ 102,248 $ 1,993,222 $ 8,238,075 (In thousands) Residential Mortgage Loans Commercial Mortgage Loans Commercial & Industrial Loans Construction Loans Consumer Loans Total Nine-Month period ended September 30, 2014 Allowance for loan and lease losses: Beginning balance $ 33,110 $ 73,138 $ 85,295 $ 35,814 $ 58,501 $ 285,858 Charge-offs (17,379) (22,056) (59,516) (11,322) (56,425) (166,698) Recoveries 605 8,271 2,253 5,158 4,329 20,616 Provision (release) 13,570 (6,938) 35,444 (15,215) 58,797 85,658 Ending balance $ 29,906 $ 52,415 $ 63,476 $ 14,435 $ 65,202 $ 225,434 Ending balance: specific reserve for impaired loans $ 11,658 $ 14,128 $ 21,267 $ 2,936 $ 5,295 $ 55,284 Ending balance: purchased credit-impaired loans $ - $ - $ - $ - $ - $ - Ending balance: general allowance $ 18,248 $ 38,287 $ 42,209 $ 11,499 $ 59,907 $ 170,150 Loans held for investment: Ending balance $ 2,819,648 $ 1,812,094 $ 2,515,384 $ 141,689 $ 2,026,587 $ 9,315,402 Ending balance: impaired loans $ 421,823 $ 238,332 $ 241,413 $ 39,441 $ 32,005 $ 973,014 Ending balance: purchased credit-impaired loans $ 99,535 $ 3,418 $ - $ - $ 1,360 $ 104,313 Ending balance: loans with general allowance $ 2,298,290 $ 1,570,344 $ 2,273,971 $ 102,248 $ 1,993,222 $ 8,238,075

LOANS HELD FOR SALE (Tables)

LOANS HELD FOR SALE (Tables)	3 Months Ended
	Sep. 30, 2015
Portfolio of Loans Held for Sale	(In thousands) September 30, 2015 December 31, 2014 Residential mortgage loans $ 26,560 $ 22,315 Construction loans 7,797 47,802 Commercial mortgage loans 230 6,839 Total $ 34,587 $ 76,956

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	3 Months Ended
	Sep. 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: September 30, December 31, (In thousands) 2015 2014 OREO OREO balances, carrying value: FHA/VA-Guaranteed (1) $ 7,809 $ 7,059 Other residential 30,187 22,520 Commercial 71,124 75,654 Construction 15,322 18,770 Total $ 124,442 $ 124,003 (1) As of September 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
	Sep. 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 September 30, December 31, 2015 2014 (In thousands) Undesignated economic hedges: Interest rate contracts: Interest rate swap agreements $ - $ 5,440 Written interest rate cap agreements 121,150 37,132 Purchased interest rate cap agreements 121,150 37,132 Forward Contracts: Sale of GNMA TBAs 32,000 19,000 $ 274,300 $ 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 September 30, December 31, September 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 793 6 Purchased interest rate cap agreements Other assets 806 6 Accounts payable and other liabilities - - Forward Contracts: Sales of GNMA TBAs Other assets - - Accounts payable and other liabilities 245 148 $ 806 $ 39 $ 1,038 $ 187
Effect of Derivative Instruments on Statement of Income (Loss)	The following table summarizes the effect of derivative instruments on the statement of income: Gain (or Loss) Gain (or Loss) Location of Gain or (loss) Quarter Ended Nine-Month Period Ended Recognized in Income on September 30, September 30, (In thousands) Derivatives 2015 2014 2015 2014 Undesignated economic hedges: Interest rate contracts: Interest rate swap agreements Interest income - Loans $ - $ 419 $ - $ 993 Written and purchased interest rate cap agreements Interest income - Loans 144 - 144 - Forward contracts: Sales of GNMA TBAs Mortgage banking activities (279) 229 (97) (173) Total (loss) gain on derivatives $ (135) $ 648 $ 47 $ 820
Summary of Interest Rate Swaps	As of As of September 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 September 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
	Sep. 30, 2015
Text Block [Abstract]
Offsetting of assets and liabilties	Offsetting of Financial Assets and Derivative Assets (In thousands) As of September 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 Derivatives $ 806 $ - $ 806 $ (806) $ - $ - Securities purchased under agreements to resell 200,000 (200,000) - - - - Total 200,806 (200,000) 806 (806) - - 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 September 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
	Sep. 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 September 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 (41,939) (40,424) Net carrying amount $ 9,725 $ 5,420 Remaining amortization period 9.3 years 8.4 years Purchased credit card relationship intangible: Gross amount $ 24,465 $ 24,465 Accumulated amortization (10,378) (8,076) Net carrying amount $ 14,087 $ 16,389 Remaining amortization period 6.1 years 6.9 years The estimated aggregate amortization expense related to these intangible assets for future periods is as follows: Amount (In thousands) 2015 $ 1,326 2016 4,884 2017 4,270 2018 3,313 2019 and after 10,019

NON-CONSOLIDATED VARIABLE INT46

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS (Tables)	3 Months Ended
	Sep. 30, 2015
Summarized income statement information	The following table shows summarized unaudited income statement information of CPG/GS for the quarters and nine-month periods ended September 30, 2015 and 2014: Quarter Ended Nine-Month Period Ended September 30, September 30, September 30, September 30, 2015 2014 2015 2014 (In thousands) (In thousands) Revenues, including net realized gains on sale of investments in loans and OREO $ 3,277 $ 375 $ 4,808 $ 3,244 Gross (loss) profit $ (4,336) $ (2,347) $ (15,233) $ (4,310) Net loss $ (4,336) $ (2,976) $ (14,609) $ (7,778)
Changes in Servicing Assets	The changes in servicing assets are shown below: Quarter ended Nine-Month period ended September 30, September 30, (In thousands) 2015 2014 2015 2014 Balance at beginning of period $ 23,519 $ 22,270 $ 22,838 $ 21,987 Capitalization of servicing assets 1,242 1,075 3,789 3,144 Amortization (758) (772) (2,409) (2,345) Adjustment to fair value (23) (46) (170) (226) Other (1) (20) (24) (88) (57) Balance at end of period $ 23,960 $ 22,503 $ 23,960 $ 22,503 (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 Nine-Month Period Ended September 30, September 30, (In thousands) 2015 2014 2015 2014 Balance at beginning of period $ 202 $ 392 $ 55 $ 212 Temporary impairment charges 41 53 227 296 OTTI of servicing assets - (385) - (385) Recoveries (18) (7) (57) (70) Balance at end of period $ 225 $ 53 $ 225 $ 53
Components of Net Servicing Income	The components of net servicing income are shown below: Quarter ended Nine-Month Period Ended September 30, September 30, (In thousands) 2015 2014 2015 2014 Servicing fees $ 1,796 $ 1,738 $ 5,340 $ 5,098 Late charges and prepayment penalties 179 177 546 518 Adjustment for loans repurchased (20) (24) (88) (57) Other (1) (22) (197) (125) (1,244) Servicing income, gross 1,933 1,694 5,673 4,315 Amortization and impairment of servicing assets (781) (818) (2,579) (2,571) Servicing income, net $ 1,152 $ 876 $ 3,094 $ 1,744 (1) Mainly consisted of compensatory fees imposed by GSEs.
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 Nine-Month Period Ended September 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 14.4 % 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 % Nine-Month Period Ended September 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 13.8 % 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 $ 23,960 Fair value $ 26,378 Weighted-average expected life (in years) 9.27 Constant prepayment rate (weighted-average annual rate) 9.32% Decrease in fair value due to 10% adverse change $ 938 Decrease in fair value due to 20% adverse change $ 1,821 Discount rate (weighted-average annual rate) 10.64% Decrease in fair value due to 10% adverse change $ 1,114 Decrease in fair value due to 20% adverse change $ 2,142

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
	Sep. 30, 2015
Summary of Deposit Balances	The following table summarizes deposit balances: September 30, December 31, 2015 2014 (In thousands) Type of account: Non-interest bearing checking accounts $ 1,402,807 $ 900,616 Savings accounts 2,511,356 2,450,484 Interest-bearing checking accounts 1,222,065 1,054,136 Certificates of deposit 2,312,118 2,191,663 Brokered CDs 2,268,115 2,887,046 $ 9,716,461 $ 9,483,945
Brokered Certificates Of Deposit Mature	Brokered CDs mature as follows: September 30, 2015 (In thousands) Three months or less $ 505,272 Over three months to six months 310,864 Over six months to one year 636,381 One to three years 779,515 Three to five years 5,315 Over five years 30,768 Total $ 2,268,115
Components of Interest Expense on Deposits	The following are the components of interest expense on deposits: Quarter Ended Nine-Month Period Ended September 30, September 30, 2015 2014 2015 2014 (In thousands) Interest expense on deposits $ 15,947 $ 17,705 $ 48,402 $ 53,969 Accretion of premium from acquisition (156) - (441) - Amortization of broker placement fees 1,060 1,639 3,564 5,140 Interest expense on deposits $ 16,851 $ 19,344 $ 51,525 $ 59,109

SECURITIES SOLD UNDER AGREEME48

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)	3 Months Ended
	Sep. 30, 2015
Securities Sold Under Agreements to Repurchase	Securities sold under agreements to repurchase (repurchase agreements) consist of the following: (Dollars in thousands) September 30, 2015 December 31, 2014 Repurchase agreements, interest ranging from 1.96% to 3.38% (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 agreements) by counterparty, when applicable, pursuant to ASC 210-20-45-11. (2) As of September 30, 2015, includes $600 million with an average rate of 2.93% that lenders have the right to call before their contractual maturities at various dates beginning on October 9, 2015. In addition, $500 million is tied to variable rates. In October 2015, the counterparty to the $200 million reverse repurchase agreement exercised its call option on the instrument.
Schedule of Repurchase Agreement Maturity	Repurchase agreements mature as follows: September 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 September 30, 2015, grouped by counterparty, were as follows: (Dollars in thousands) Weighted-Average Counterparty Amount Maturity (In Months) Citigroup Global Markets $ 300,000 13 JP Morgan Chase 200,000 76 Dean Witter / Morgan Stanley 100,000 25 Credit Suisse First Boston 100,000 2 $ 700,000

ADVANCES FROM THE FEDERAL HOM49

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) (Tables)	3 Months Ended
	Sep. 30, 2015
Summary of Advances from FHLB	The following is a summary of the advances from the FHLB: September 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) September 30, 2015 Over ninety days to one year $ 100,000 Over one year to three years 225,000 Total $ 325,000

OTHER BORROWINGS (Tables)

OTHER BORROWINGS (Tables)	3 Months Ended
	Sep. 30, 2015
Components of Other Borrowings	September 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 (3.08% as of September 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 (2.82% as of September 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
	Sep. 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 September 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 $ 7,537 $ - $ - $ 7,537 $ 7,499 $ - $ - $ 7,499 Noncallable U.S. agency debt - 319,357 - 319,357 - 228,157 - 228,157 MBS and Callable U.S. agency debt - 1,519,218 - 1,519,218 - 1,653,140 - 1,653,140 Puerto Rico government obligations - 32,047 2,088 34,135 - 40,658 2,564 43,222 Private label MBS - - 27,520 27,520 - - 33,648 33,648 Other investments - - 100 100 - - - - Derivatives, included in assets: Interest rate swap agreements - - - - - 33 - 33 Purchased interest rate cap agreements - 806 - 806 - 6 - 6 Liabilities: Derivatives, included in liabilities: Interest rate swap agreements - - - - - 33 - 33 Written interest rate cap agreement - 793 - 793 - 6 - 6 Forward contracts - 245 - 245 - 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 nine-month periods ended September 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 September 30, 2015 Quarter ended September 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) $ (231) $ (245) Changes in Unrealized Losses Changes in Unrealized Losses Nine-Month Period Ended September 30, 2015 Nine-Month Period Ended September 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) $ (628) $ (245)
Fair Value of Assets and Liabilities Measured on Recurring Basis	Total Fair Value Measurements Quarter Ended September 30, 2015 2014 Level 3 Instruments Only Securities Securities (In thousands) Available For Sale (1) Available For Sale (1) Beginning balance $ 31,640 $ 40,918 Total gains or (losses) (realized/unrealized): Included in earnings (231) (245) Included in other comprehensive income 345 333 Principal repayments and amortization (2,046) (2,124) Ending balance $ 29,708 $ 38,882 (1) Amounts mostly related to private label mortgage-backed securities. Total Fair Value Measurements Nine-Month Period Ended September 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 (628) (245) Included in other comprehensive income 1,489 2,026 Purchases 100 5,123 Sales - (4,855) Principal repayments and amortization (7,465) (6,459) Ending balance $ 29,708 $ 38,882 (1) Amounts mostly related to private label mortgage-backed securities.
Impairment or Valuation Adjustments were Recorded for Assets Recognized at Fair Value	As of September 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 September 30, 2015 (Losses) recorded for the Quarter Ended September 30, 2015 (Losses) recorded for the Nine-Month Period Ended September 30, 2015 Level 1 Level 2 Level 3 (In thousands) Loans receivable (1) $ - $ - $ 332,688 $ (7,864) $ (22,431) OREO (2) - - 124,442 (4,025) (8,790) Mortgage servicing rights (3) - - 23,960 (23) (170) Loans Held For Sale (4) - - 8,027 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 9.32%, Discount Rate of 10.64%. (4) The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans. As of September 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 September 30, 2014 (Losses) recorded for the Quarter Ended September 30, 2014 (Losses) recorded for the Nine-Month Period Ended September 30, 2014 Level 1 Level 2 Level 3 (In thousands) Loans receivable (1) $ - $ - $ 461,882 $ (6,495) $ (30,376) OREO (2) - - 112,803 (2,287) (10,544) Mortgage servicing rights (3) - - 22,503 (46) (226) Loans Held For Sale (4) - - 54,641 - - (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 9.71%, Discount Rate of 10.63%. (4) The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans.
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 September 30, 2015 and December 31, 2014: Total Carrying Amount in Statement of Financial Condition September 30, 2015 Fair Value Estimate September 30, 2015 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments $ 961,737 $ 961,737 $ 961,737 $ - $ - Investment securities available for sale 1,907,867 1,907,867 7,537 1,870,622 29,708 Other equity securities 26,319 26,319 - 26,319 - Loans held for sale 34,587 35,767 - 27,740 8,027 Loans held for investment 9,301,945 Less: allowance for loan and lease losses (228,966) Loans held for investment, net of allowance $ 9,072,979 8,877,609 - - 8,877,609 Derivatives, included in assets 806 806 - 806 - Liabilities: Deposits 9,716,461 9,724,759 - 9,724,759 - Securities sold under agreements to repurchase 700,000 759,417 - 759,417 - Advances from FHLB 325,000 326,483 - 326,483 - Other borrowings 226,492 132,771 - - 132,771 Derivatives, included in liabilities 1,038 1,038 - 1,038 - 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: September 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 9.32%; weighted average discount rate of 10.64%
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 September 30, 2015: September 30, 2015 (In thousands) Fair Value Valuation Technique Unobservable Input Range Investment securities available-for-sale: Private label MBS $ 27,520 Discounted cash flow Discount rate 14.5% Prepayment rate 17.83% -100% (Weighted Average 29.94%) Projected cumulative loss rate 0.16% -80% (Weighted Average 7.1%) Puerto Rico Government Obligations 2,088 Discounted cash flow Prepayment speed 3.00%

SUPPLEMENTAL CASH FLOW INFORM52

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	3 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Information	Nine-Month Period Ended September 30, 2015 2014 (In thousands) Cash paid for: Interest on borrowings $ 70,016 $ 76,975 Income tax 3,404 6,427 Non-cash investing and financing activities: Additions to other real estate owned 44,415 19,313 Additions to auto and other repossessed assets 57,901 69,409 Capitalization of servicing assets 3,789 3,144 Loan securitizations 213,391 144,569 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
	Sep. 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 September 30, 2015: Interest income $ 36,180 $ 48,528 $ 32,636 $ 11,500 $ 11,229 $ 9,739 $ 149,812 Net (charge) credit for transfer of funds (12,629) 4,335 (4,058) 8,563 3,789 - - Interest expense - (5,869) - (14,305) (3,931) (778) (24,883) Net interest income 23,551 46,994 28,578 5,758 11,087 8,961 124,929 (Provision) release for loan and lease losses (6,750) (13,946) (11,355) - 1,307 (432) (31,176) Non-interest income (loss) 3,982 11,759 647 (174) 778 1,766 18,758 Direct non-interest expenses (8,977) (32,669) (10,896) (1,103) (6,914) (7,441) (68,000) Segment income $ 11,806 $ 12,138 $ 6,974 $ 4,481 $ 6,258 $ 2,854 $ 44,511 Average earning assets $ 2,642,388 $ 1,959,951 $ 2,760,788 $ 2,531,084 $ 1,048,451 $ 644,769 $ 11,587,431 (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total For the quarter ended September 30, 2014: Interest income $ 30,038 $ 52,725 $ 39,737 $ 12,335 $ 11,541 $ 10,286 $ 156,662 Net (charge) credit for transfer of funds (9,541) 4,162 (3,354) 5,601 3,132 - - Interest expense - (5,902) - (17,323) (4,855) (888) (28,968) Net interest income 20,497 50,985 36,383 613 9,818 9,398 127,694 (Provision) release for loan and lease losses (5,261) (18,634) (8,900) - 6,791 (995) (26,999) Non-interest income (loss) 3,643 9,409 1,104 (190) 621 1,587 16,174 Direct non-interest expenses (9,896) (31,670) (10,265) (1,481) (6,015) (11,118) (70,445) Segment income (loss) $ 8,983 $ 10,090 $ 18,322 $ (1,058) $ 11,215 $ (1,128) $ 46,424 Average earning assets $ 2,189,861 $ 2,021,207 $ 3,398,113 $ 2,676,556 $ 958,790 $ 672,392 $ 11,916,919 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total Nine-Month Period Ended September 30, 2015: Interest income $ 106,352 $ 147,395 $ 100,192 $ 36,276 $ 34,477 $ 29,237 $ 453,929 Net (charge) credit for transfer of funds (36,212) 12,816 (11,746) 23,936 11,206 - - Interest expense - (17,379) - (44,834) (12,326) (2,337) (76,876) Net interest income 70,140 142,832 88,446 15,378 33,357 26,900 377,053 (Provision) release for loan and lease losses (21,657) (36,588) (84,170) - 6,715 (2,712) (138,412) Non-interest income (loss) 11,866 35,504 2,350 (13,046) 2,032 6,008 44,714 Direct non-interest expenses (26,270) (96,690) (30,013) (3,487) (21,293) (24,892) (202,645) Segment income (loss) $ 34,079 $ 45,058 $ (23,387) $ (1,155) $ 20,811 $ 5,304 $ 80,710 Average earning assets $ 2,601,892 $ 1,956,352 $ 2,947,562 $ 2,683,313 $ 1,001,860 $ 640,027 $ 11,831,006 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total Nine-Month Period Ended September 30, 2014: Interest income $ 83,230 $ 163,406 $ 122,861 $ 41,906 $ 33,316 $ 30,937 $ 475,656 Net (charge) credit for transfer of funds (26,823) 11,933 (9,402) 15,985 8,307 - - Interest expense - (18,580) - (50,867) (14,507) (2,781) (86,735) Net interest income 56,407 156,759 113,459 7,024 27,116 28,156 388,921 (Provision) release for loan and lease losses (12,734) (58,604) (36,424) - 23,231 (1,127) (85,658) Non-interest income 9,446 30,044 4,021 207 1,773 5,244 50,735 Direct non-interest expenses (30,068) (95,195) (37,537) (4,121) (20,504) (28,806) (216,231) Segment income $ 23,051 $ 33,004 $ 43,519 $ 3,110 $ 31,616 $ 3,467 $ 137,767 Average earning assets $ 2,059,427 $ 1,953,726 $ 3,731,842 $ 2,700,429 $ 896,667 $ 666,279 $ 12,008,370
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 Nine-Month Period Ended September 30, September 30, 2015 2014 2015 2014 Net income : Total income for segments and other $ 44,511 $ 46,424 $ 80,710 $ 137,767 Other non-interest income (loss) (1) - 0 13,443 (7,280) Other operating expenses (2) (25,277) (23,159) (85,159) (68,303) Income before income taxes 19,234 23,265 8,994 62,184 Income tax expense (4,476) (64) (2,664) (675) Total consolidated net income $ 14,758 $ 23,201 $ 6,330 $ 61,509 Average assets: Total average earning assets for segments $ 11,587,431 $ 11,916,919 $ 11,831,006 $ 12,008,370 Other average earning assets (1) - - - 2,216 Average non-earning assets 925,723 650,624 916,817 654,845 Total consolidated average assets $ 12,513,154 $ 12,567,543 $ 12,747,823 $ 12,665,431 (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
	Sep. 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 September 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 September 30, 2015 (Basel III) Total Capital (to Risk-Weighted Assets) First BanCorp. $ 1,806,332 19.71% $ 733,297 8% N/A N/A FirstBank $ 1,778,981 19.42% $ 732,966 8% $ 916,208 10% Common Equity Tier 1 Capital (to Risk-Weighted Assets) First BanCorp. $ 1,524,236 16.63% $ 412,480 4.5% N/A N/A FirstBank $ 1,472,920 16.08% $ 412,293 4.5% $ 595,535 6.5% Tier I Capital (to Risk-Weighted Assets) First BanCorp. $ 1,524,236 16.63% $ 549,973 6% N/A N/A FirstBank $ 1,661,709 18.14% $ 549,725 6% $ 732,966 8% Leverage ratio First BanCorp. $ 1,524,236 12.41% $ 491,476 4% N/A N/A FirstBank $ 1,661,709 13.54% $ 490,789 4% $ 613,486 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
	Sep. 30, 2015
Statements of Financial Condition	Statements of Financial Condition As of September 30, As of December 31, 2015 2014 (In thousands) Assets Cash and due from banks $ 28,849 $ 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 276 322 Investment in First Bank Puerto Rico, at equity 1,893,347 1,866,090 Investment in First Bank Insurance Agency, at equity 14,164 11,890 Investment in FBP Statutory Trust I 2,929 3,093 Investment in FBP Statutory Trust II 3,866 3,866 Other assets 4,784 4,357 Total assets $ 1,954,611 $ 1,926,394 Liabilities and Stockholders' Equity Liabilities: Other borrowings $ 226,492 $ 231,959 Accounts payable and other liabilities 27,169 22,692 Total liabilities 253,661 254,651 Stockholders' equity 1,700,950 1,671,743 Total liabilities and stockholders' equity $ 1,954,611 $ 1,926,394
Statements of Income (Loss)	Statement of Income Quarter Ended Nine-Month Period Ended September 30, September 30, 2015 2014 2015 2014 (In thousands) (In thousands) Income: Interest income on money market investments $ 5 $ 5 $ 15 $ 15 Other income 58 55 439 163 63 60 454 178 Expense: Other borrowings 1,861 1,818 5,521 5,365 Other operating expenses 643 693 2,000 1,967 2,504 2,511 7,521 7,332 Loss before income taxes and equity in undistributed earnings of subsidiaries (2,441) (2,451) (7,067) (7,154) Income tax provision - 1 - (3) Equity in undistributed earnings of subsidiaries 17,199 25,651 13,397 68,666 Net income $ 14,758 $ 23,201 $ 6,330 $ 61,509 Other Comprehensive income (loss) , net of tax 16,709 (5,916) 13,681 44,413 Comprehensive income $ 31,467 $ 17,285 $ 20,011 $ 105,922

BUSINESS COMBINATION- Business

BUSINESS COMBINATION- Business Combination (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 27, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 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	9 Months Ended
	Feb. 27, 2015	Sep. 30, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Branches Doral	10
Business Combination Bargain Purchase After Tax Gain Recognized Amount	$ 8.2
Premium On Loans Acquired	1.3
Contractually outstanding principal and interest at acquisition		$ 220.4	$ 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
Property Plant And Equipment [Member]
Business Acquisition [Line Items]
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Financial Assets	5.5
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		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net Income (Loss):
Net income (loss)		$ 14,758	$ 23,201	$ 6,330	$ 61,509
Excess of carrying amount of preferred stock exchanged over fair value of new common stock	[1]	0	0	0	1,659
Net income (loss) attributable to common stockholders		$ 14,758	$ 23,201	$ 6,330	$ 63,168
Weighted-Average Shares:
Basic weighted-average common shares outstanding		211,820	210,466	211,255	208,151
Average potential common shares		1,963	1,893	1,341	1,660
Diluted weighted-average number of common shares outstanding		213,783	212,359	212,596	209,811
Income (loss) per common share:
Basic		$ 0.07	$ 0.11	$ 0.03	$ 0.30
Diluted		$ 0.07	$ 0.11	$ 0.03	$ 0.30
Retained Earnings [Member]
Net Income (Loss):
Net income (loss)				$ 6,330	$ 61,509
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 first nine-months of 2014.

EARNINGS PER COMMON SHARE - Add

EARNINGS PER COMMON SHARE - Additional Information (Detail) - shares	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2015	Dec. 31, 2014
Earnings Per Share Diluted [Line Items]
Unvested shares of restricted stock		2,973,961	2,327,156
Stock Option [Member]
Earnings Per Share Diluted [Line Items]
Antidilutive effect on earnings per share	82,575

STOCK-BASED COMPENSATION - Addi

STOCK-BASED COMPENSATION - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2015	Sep. 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				1,013,495
Restricted stock granted to Board of Directors				(349,190)
Stock based compensation expense unrecognized related to nonvested shares of restricted stock	$ 4,900			$ 4,900
Period for cost recognition not yet recognized	1 year 10 months 24 days
Weighted-Average Grant Date Fair Value of Stocks				$ 3.86
Holding Period By The Us Treasury Of Outstanding Common Stock				1 year	2 years
Repurchased of common stock				181,649
Stock Issued During Period Value Restricted Stock Award Forfeitures				$ 36	$ 65
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				219,531	379,573
Omnibus Plan [Member] | Senior Executives
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares				330,254
Share based compensation cost				$ 1,700
Weighted-Average Grant Date Fair Value of Stocks				$ 5.14
Repurchased of common stock				108,731
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	$ 900	$ 600		$ 2,900	$ 1,800
Repurchased of common stock				72,918
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	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	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] | Management [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	840,138
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) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
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	9 months 18 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)	9 Months Ended
	Sep. 30, 2015$ / sharesshares
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	1,013,495
Vested	(349,190)
Forefeited	(17,500)
Number of non-vested shares of restricted stock, end of period	2,973,961
Weighted-Average Grant Date Fair Value, beginning of period | $ / shares	$ 3.39
Weighted-Average Grant Date Fair Value of Stocks | $ / shares	3.86
Weighted-Averages Grant Date Dair Value, Forefeitures | $ / shares	5.48
Weighted-Averages Grant Date Fair Value, Vested | $ / shares	5.02
Weighted-Average Grant Date Fair Value, end of period | $ / shares	$ 3.34

INVESTMENT SECURITIES - Investm

INVESTMENT SECURITIES - Investment Securities Available for Sale (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 1,904,787	$ 1,976,261
Non credit loss component of OTTI recorded in OCI	26,720	12,141
Unrealized gain on available-for-sale securities	34,091	31,951
Gross unrealized losses	4,291	30,405
Fair value	$ 1,907,867	$ 1,965,666
Weighted average yield	2.42%	2.49%
Puerto Rico Government obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 52,700
Fair value	34,100
United States And Puerto Rico Government Obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	471,055	$ 407,832
Non credit loss component of OTTI recorded in OCI	16,665	0
Unrealized gain on available-for-sale securities	1,916	290
Gross unrealized losses	2,872	24,286
Fair value	$ 453,434	$ 383,836
Weighted average yield	1.84%	1.86%
Mortgage Backed Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 1,433,632	$ 1,568,429
Non credit loss component of OTTI recorded in OCI	10,055	12,141
Unrealized gain on available-for-sale securities	32,175	31,661
Gross unrealized losses	1,419	6,119
Fair value	$ 1,454,333	$ 1,581,830
Weighted average yield	2.61%	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	$ 299,774
Non credit loss component of OTTI recorded in OCI	0
Unrealized gain on available-for-sale securities	3,075
Gross unrealized losses	204
Fair value	$ 302,645
Weighted average yield	2.15%
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	$ 300,678	$ 355,989
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	17,958	21,459
Gross unrealized losses	15	0
Fair value	$ 318,621	$ 377,448
Weighted average yield	3.83%	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	$ 795,605	$ 851,341
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	11,142	8,458
Gross unrealized losses	1,200	4,859
Fair value	$ 805,547	$ 854,940
Weighted average yield	2.34%	2.37%
Mortgage Backed Securities Issued By Private Enterprises [Member] | Mortgage Backed Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 37,575	$ 45,788
Non credit loss component of OTTI recorded in OCI	10,055	12,141
Unrealized gain on available-for-sale securities	0	1
Gross unrealized losses	0	0
Fair value	$ 27,520	$ 33,648
Weighted average yield	2.20%	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] | US Government Sponsored Enterprises Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 5,000
Non credit loss component of OTTI recorded in OCI	0
Unrealized gain on available-for-sale securities	8
Gross unrealized losses	0
Fair value	$ 5,008
Weighted average yield	0.66%
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	$ 7
Non credit loss component of OTTI recorded in OCI	0
Unrealized gain on available-for-sale securities	0
Gross unrealized losses	0
Fair value	$ 7
Weighted average yield	2.97%
After One To Five Years [Member] | U S Treasury Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 7,536
Non credit loss component of OTTI recorded in OCI	0
Unrealized gain on available-for-sale securities	1
Gross unrealized losses	0
Fair value	$ 7,537
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	$ 341,092	$ 260,889
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	748	42
Gross unrealized losses	878	4,219
Fair value	$ 340,962	$ 256,712
Weighted average yield	1.33%	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	772	12,419
Fair value	$ 16,471	$ 27,408
Weighted average yield	4.38%	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	$ 367
Non credit loss component of OTTI recorded in OCI	0
Unrealized gain on available-for-sale securities	34
Gross unrealized losses	0
Fair value	$ 401
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	$ 119	$ 39
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	6	1
Gross unrealized losses	0	0
Fair value	$ 125	$ 40
Weighted average yield	4.25%	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	$ 2,916	$ 4,160
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	95	181
Gross unrealized losses	0	0
Fair value	$ 3,011	$ 4,341
Weighted average yield	3.35%	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	$ 64,718	$ 78,234
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	1,074	246
Gross unrealized losses	0	2,077
Fair value	$ 65,792	$ 76,403
Weighted average yield	2.35%	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	$ 127,798	$ 17,108
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	3,974	501
Gross unrealized losses	0	0
Fair value	$ 131,772	$ 17,609
Weighted average yield	3.07%	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	$ 21,684	$ 9,584
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	693	521
Gross unrealized losses	10	5
Fair value	$ 22,367	$ 10,100
Weighted average yield	2.73%	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	$ 96	$ 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	$ 96	$ 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	$ 23,356	$ 20,498
Non credit loss component of OTTI recorded in OCI	5,420	0
Unrealized gain on available-for-sale securities	85	0
Gross unrealized losses	1,222	5,571
Fair value	$ 16,799	$ 14,927
Weighted average yield	5.40%	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	$ 299,407	$ 315,311
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	3,041	1,743
Gross unrealized losses	204	1,260
Fair value	$ 302,244	$ 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	$ 172,754	$ 338,842
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	13,978	20,957
Gross unrealized losses	15	0
Fair value	$ 186,717	$ 359,799
Weighted average yield	4.39%	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	$ 771,005	$ 837,597
Non credit loss component of OTTI recorded in OCI	0	0
Unrealized gain on available-for-sale securities	10,354	7,756
Gross unrealized losses	1,190	4,854
Fair value	$ 780,169	$ 840,499
Weighted average yield	2.32%	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	$ 37,479	$ 45,677
Non credit loss component of OTTI recorded in OCI	10,055	12,141
Unrealized gain on available-for-sale securities	0	0
Gross unrealized losses	0	0
Fair value	$ 27,424	$ 33,536
Weighted average yield	2.20%	2.17%

INVESTMENT SECURITIES - Additio

INVESTMENT SECURITIES - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015USD ($)minimumcreditscore	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)minimumcreditscore	Sep. 30, 2014USD ($)	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			$ 212,972	171,016
Total investment securities available for sale	$ 1,907,867		1,907,867		$ 1,965,666
Impairement on equity securities	0	$ 0	0	$ 291
Fair value	1,907,867		1,907,867		1,965,666
Amortized cost	1,904,787		$ 1,904,787		1,976,261
Unrealized losses	$ 4,291				$ 30,405
Weighted average yield	2.42%		2.42%		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	$ 37,500		$ 37,500
Puerto Rico Government obligations [Member]
Schedule Of Investments [Line Items]
Total investment securities available for sale	34,100		34,100
Fair value	34,100		34,100
Amortized cost	52,700		52,700
Change in net unrealized gains	$ 300		$ 13,400

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
	Sep. 30, 2015	Dec. 31, 2014
Schedule Of Available For Sale Securities [Line Items]
Fair Value Less than 12 months	$ 248,959	$ 48,474
Unrealized Losses Less than 12 months	534	79
Fair Value 12 months or more	382,463	1,010,786
Unrealized Losses 12 months or more	30,477	42,467
Total Fair Value	631,422	1,059,260
Total Unrealized Losses	31,011	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	28,948	42,335
Unrealized Losses 12 months or more	18,659	17,990
Total Fair Value	28,948	42,335
Total Unrealized Losses	18,659	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	0	46,436
Unrealized Losses Less than 12 months	0	74
Fair Value 12 months or more	213,301	257,996
Unrealized Losses 12 months or more	878	6,222
Total Fair Value	213,301	304,432
Total Unrealized Losses	878	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	27,424	33,536
Unrealized Losses 12 months or more	10,055	12,141
Total Fair Value	27,424	33,536
Total Unrealized Losses	10,055	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	1,057
Unrealized Losses Less than 12 months	15
Fair Value 12 months or more	0
Unrealized Losses 12 months or more	0
Total Fair Value	1,057
Total Unrealized Losses	15
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	200,610	2,038
Unrealized Losses Less than 12 months	450	5
Fair Value 12 months or more	92,639	541,642
Unrealized Losses 12 months or more	750	4,854
Total Fair Value	293,249	543,680
Total Unrealized Losses	1,200	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	47,292	0
Unrealized Losses Less than 12 months	69	0
Fair Value 12 months or more	20,151	135,277
Unrealized Losses 12 months or more	135	1,260
Total Fair Value	67,443	135,277
Total Unrealized Losses	$ 204	$ 1,260

INVESTMENT SECURITIES - OTTI Lo

INVESTMENT SECURITIES - OTTI Losses on Available-for-Sale Debt Securities (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Schedule Of Available For Sale Securities [Line Items]
Total other-than-temporary impairment losses		$ 0	$ 0	$ (29,521)	$ 0
Credit losses on debt securities for which an OTTI was no previously recognized		0		12,856
Other Than Temporary Impairment Not Credit Losses Recognized In Earnings Additions No Previous Impairment		0	0	16,665	0
Net impairment losses recognized in earnings		(231)	(245)	(13,484)	(245)
Mortgage Backed Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Total other-than-temporary impairment losses		0	0	(29,521)	0
Portion of loss previously recognized in other comprehensive income		(231)	(245)	(628)	(245)
Net impairment losses recognized in earnings	[1]	(231)	(245)	(13,484)	(245)
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		$ 0		$ 12,856
[1]	For the nine-month period ended September 30, 2015, approximately $12.9 million of the credit impairment recognized in earnings consisted of credit losses on Puerto Rico Government debt securities and $0.6 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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 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	$ 19,030		$ 5,777
Additions:
Credit losses on debt securities for which an OTTI was no previously recognized	0		12,856
Credit losses on debt securities for which an OTTI was previously recognized	231		628
Reductions:
Ending balance of credit losses on debt securities held for which a portion of an OTTI was recognized in OCI	19,261		19,261
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	6,174	$ 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	231	245	628	245
Reductions:
Ending balance of credit losses on debt securities held for which a portion of an OTTI was recognized in OCI	6,405	$ 5,634	6,405	$ 5,634
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	12,856		0
Additions:
Credit losses on debt securities for which an OTTI was no previously recognized	0		12,856
Credit losses on debt securities for which an OTTI was previously recognized	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		$ 12,856

INVESTMENT SECURITIES - Signifi

INVESTMENT SECURITIES - Significant Assumptions in Valuation of Private Label MBS (Detail)	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Schedule Of Investments [Line Items]
Fair Value Inputs Discount Rate	14.50%	14.50%
Fair Value Inputs Prepayment Rate	29.94%	32.00%
Weighted Average, Projected Cumulative Loss Rate	7.10%	7.90%
Minimum [Member]
Schedule Of Investments [Line Items]
Fair Value Inputs Prepayment Rate	17.83%	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) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 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	0.8	$ 0.9
Carrying value of other equity security	$ 0.9		$ 0.9		$ 0.3

LOAN PORTFOLIO - Loan Portfolio

LOAN PORTFOLIO - Loan Portfolio Held for Investment (Detail) - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Financial Information [Line Items]
Residential mortgage loans, mainly secured by first mortgages		$ 3,330,089	$ 3,011,187
Commercial loans:
Construction loans		163,956	123,480
Commercial mortgage loans		1,562,538	1,665,787
Commercial and Industrial loans	[1]	2,383,807	2,479,437
Commercial loans		4,110,301	4,268,704
Finance leases		228,617	232,126
Consumer loans		1,632,938	1,750,419
Loans held for investment		9,301,945	9,262,436	$ 9,315,402
Less: allowance for loan and lease losses		(228,966)	(222,395)
Loans held for investment, net		9,072,979	9,040,041
Commercial And Industrial [Member]
Commercial loans:
Loans held for investment		$ 2,383,807	$ 2,479,437
[1]	As of September 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	Sep. 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		Sep. 30, 2015	Dec. 31, 2014
Non-performing loans:
Total non-performing loans held for investment	[1],[2],[3]	$ 472,635	$ 523,896
Residential Mortgage [Member]
Non-performing loans:
Total non-performing loans held for investment		174,555	180,707
Commercial Mortgage [Member]
Non-performing loans:
Total non-performing loans held for investment		68,979	148,473
Commercial And Industrial [Member]
Non-performing loans:
Total non-performing loans held for investment		141,855	122,547
Consumer Auto Loans [Member]
Non-performing loans:
Total non-performing loans held for investment		17,033	22,276
Finance Leases [Member]
Non-performing loans:
Total non-performing loans held for investment		2,353	5,245
Consumer Retail Banking [Member]
Non-performing loans:
Total non-performing loans held for investment		11,889	15,294
Residential Construction [Member]
Non-performing loans:
Total non-performing loans held for investment		3,274	14,324
Commercial Construction [Member]
Non-performing loans:
Total non-performing loans held for investment	[4]	40,005	0
Land Construction [Member]
Non-performing loans:
Total non-performing loans held for investment		$ 12,692	$ 15,030
[1]	Amount excludes purchased-credit impaired ("PCI") loans with a carrying value of approximately $176.1 million and $102.6 million as of September 30, 2015 and December 31, 2014, respectively, primarily mortgage loans acquired from Doral Bank in the first quarter of 2015 and the 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 September 30, 2015 and December 31, 2014, excludes $8.0 million and $54.6 million, respectively, of non-performing loans held for sale.
[3]	Non-performing loans exclude $411.8 million and $494.6 million of TDRs loans that are in compliance with modified terms and in accrual status as of September 30, 2015 and December 31, 2014, respectively.
[4]	During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment and continues to be classified as a Troubled Debt Restructuring ("TDR") and a non-performing loan.

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	Sep. 30, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Loans held for sale	$ 34,587	$ 76,956
Non Accrual [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for sale	$ 8,000	$ 54,600

LOAN PORTFOLIO - Corporation's

LOAN PORTFOLIO - Corporation's Aging of Loans Held for Investment Portfolio (Detail) - USD ($) $ in Thousands	Sep. 30, 2015		Jun. 30, 2015	Dec. 31, 2014		Sep. 30, 2014
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	$ 892,976			$ 928,935
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount	176,085		$ 178,494	102,604		$ 104,313
Financing Receivable, Current	8,232,884			8,230,897
Loans held for investment	9,301,945			9,262,436		$ 9,315,402
90 days past due and still accruing	165,802	[1]		147,226	[2]
Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	148,575			139,659
Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	105,964			118,154
Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	638,437	[3]		671,122	[4]
Fha Va And Other Government Guaranteed Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	99,635	[1],[5],[6]		90,788	[2],[7],[8]
Financing Receivable, Current	47,295	[1],[5],[6]		62,782	[2],[7],[8]
Loans held for investment	146,930	[1],[5],[6]		153,570	[2],[7],[8]
90 days past due and still accruing	92,883	[1],[5],[6]		81,055	[2],[7],[8]
Fha Va And Other Government Guaranteed Loans [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	6,752	[1],[5],[6]		9,733	[2],[7],[8]
Fha Va And Other Government Guaranteed Loans [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0	[1],[5],[6]		0	[2],[7],[8]
Fha Va And Other Government Guaranteed Loans [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	92,883	[1],[3],[5],[6]		81,055	[2],[4],[7],[8]
Residential Mortgage [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	290,532	[5]		277,414	[7]
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount	172,927	[5]		98,494	[7]
Financing Receivable, Current	2,719,700	[5]		2,481,709	[7]
Loans held for investment	3,183,159	[5]		2,857,617	[7]
90 days past due and still accruing	16,522	[1],[5]		18,371	[2],[7]
Residential Mortgage [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	99,455	[5]		78,336	[7]
Residential Mortgage [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0	[5]		0	[7]
Residential Mortgage [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	191,077	[3],[5]		199,078	[4],[7]
Commercial And Industrial [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	194,961			173,590
Financing Receivable, Current	2,188,846			2,305,847
Loans held for investment	2,383,807			2,479,437
90 days past due and still accruing	36,595	[1]		21,381	[2]
Commercial And Industrial [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	11,622			7,445
Commercial And Industrial [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	4,889			22,217
Commercial And Industrial [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	178,450	[3]		143,928	[4]
Commercial Mortgage Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	84,744	[5]		186,763	[7]
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount	3,158	[5]		3,393	[7]
Financing Receivable, Current	1,474,636	[5]		1,475,631	[7]
Loans held for investment	1,562,538	[5]		1,665,787	[7]
90 days past due and still accruing	12,510	[1],[5]		22,808	[2],[7]
Commercial Mortgage Loans [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	3,255	[5]		15,482	[7]
Commercial Mortgage Loans [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0	[5]		0	[7]
Commercial Mortgage Loans [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	81,489	[3],[5]		171,281	[4],[7]
Auto loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	116,923			119,326
Financing Receivable, Current	844,895			941,456
Loans held for investment	961,818			1,060,782
90 days past due and still accruing	0	[1]		0	[2]
Auto loans [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	18,548			19,665
Auto loans [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	81,342			77,385
Auto loans [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	17,033	[3]		22,276	[4]
Finance Leases [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	14,865			16,730
Financing Receivable, Current	213,752			215,396
Loans held for investment	228,617			232,126
90 days past due and still accruing	0	[1]		0	[2]
Finance Leases [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	3,090			2,734
Finance Leases [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	9,422			8,751
Finance Leases [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	2,353	[3]		5,245	[4]
Consumer Loan [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	31,983			34,526
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount				717
Financing Receivable, Current	639,137			654,394
Loans held for investment	671,120			689,637
90 days past due and still accruing	3,992	[1]		3,377	[2]
Consumer Loan [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	5,791			6,054
Consumer Loan [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	10,311			9,801
Consumer Loan [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	15,881	[3]		18,671	[4]
Commercial Construction [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	40,005	[5],[9]		0	[7]
Financing Receivable, Current	45,084	[5],[9]		24,562	[7]
Loans held for investment	85,089	[5],[9]		24,562	[7]
90 days past due and still accruing	0	[1],[5],[9]		0	[2],[7]
Commercial Construction [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0	[5],[9]		0	[7]
Commercial Construction [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0	[5],[9]		0	[7]
Commercial Construction [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	40,005	[3],[5],[9]		0	[4],[7]
Residential Construction [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	6,337	[5]		14,324	[7]
Financing Receivable, Current	21,725	[5]		28,673	[7]
Loans held for investment	28,062	[5]		42,997	[7]
90 days past due and still accruing	3,063	[1],[5]		0	[2],[7]
Residential Construction [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0	[5]		0	[7]
Residential Construction [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0	[5]		0	[7]
Residential Construction [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	6,337	[3],[5]		14,324	[4],[7]
Land Construction [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	12,991	[5]		15,474	[7]
Financing Receivable, Current	37,814	[5]		40,447	[7]
Loans held for investment	50,805	[5]		55,921	[7]
90 days past due and still accruing	237	[1],[5]		234	[2],[7]
Land Construction [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	62	[5]		210	[7]
Land Construction [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0	[5]		0	[7]
Land Construction [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	$ 12,929	[3],[5]		$ 15,264	[4],[7]
[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 $35.9 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 September 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]	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.
[4]	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.
[5]	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days as of September 30, 2015 amounted to $10.0 million, $165.3 million, $25.7 million, $0.6 million and $6.9 million, respectively.
[6]	As of September 30, 2015, includes $35.0 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.
[9]	During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment.

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
	Sep. 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	$ 35	$ 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	$ 35.9	$ 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	$ 14
Residential Mortgage [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days past due Mortgages	165.3	189.1
Commercial Mortgage Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days past due Mortgages	25.7	20.8
Residential Construction [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days past due Mortgages	6.9	1
Land Construction [Member]
Accounts Notes And Loans Receivable [Line Items]
30-59 Days past due Mortgages	$ 0.6	$ 0.8

LOAN PORTFOLIO - Corporation'76

LOAN PORTFOLIO - Corporation's Credit Quality Indicators by Loan (Detail) - USD ($) $ in Thousands		Sep. 30, 2015		Dec. 31, 2014
Financing Receivable Recorded Investment [Line Items]
Commercial mortgage loans		$ 1,562,538		$ 1,665,787
Construction loans		163,956		123,480
Commercial and Industrial loans		2,383,807		2,479,437
Land		50,805		55,921
Residential Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Construction loans		28,062		42,997
Commercial Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Construction loans		85,089	[1]	24,562
Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
Commercial mortgage loans		283,071		273,027
Commercial and Industrial loans		143,410		234,926
Land		14,324		16,915
Substandard [Member] | Residential Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Construction loans		4,079		13,548
Substandard [Member] | Commercial Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Construction loans		50,690	[1]	11,790
Doubtful [Member]
Financing Receivable Recorded Investment [Line Items]
Commercial mortgage loans		160		897
Commercial and Industrial loans		73,985		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	[1]	0
Unlikely To Be Collected Financing Receivable [Member]
Financing Receivable Recorded Investment [Line Items]
Commercial mortgage loans		0		0
Commercial and Industrial loans		418		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	[1]	0
Total Adversely Classified [Member]
Financing Receivable Recorded Investment [Line Items]
Commercial mortgage loans	[2]	283,231		273,924
Commercial and Industrial loans	[2]	217,813		240,611
Land	[2]	14,325		16,915
Total Adversely Classified [Member] | Residential Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Construction loans	[2]	4,079		14,324
Total Adversely Classified [Member] | Commercial Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Construction loans	[2]	$ 50,690	[1]	$ 11,790
[1]	During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment.
[2]	Excludes $8.0 million ($7.8 million land 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 September 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	Sep. 30, 2015		Dec. 31, 2014		Sep. 30, 2014
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	$ 9,301,945		$ 9,262,436		$ 9,315,402
Auto loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	961,818		1,060,782
Finance Leases [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	228,617		232,126
Residential Real Estate [Member] | Fhava Guaranteed Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	146,930	[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	3,183,159		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	146,930	[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	2,835,677		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],[4]
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	172,927	[3]	98,494	[4]
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	174,555		180,707
Consumer [Member] | Auto loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	961,818		1,060,782
Consumer [Member] | Finance Leases [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	228,617		232,126
Consumer [Member] | Other Consumer Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	671,120		689,637
Consumer [Member] | Performing Financing Receivable [Member] | Auto loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	944,785		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	226,264		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	659,231		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	[4]
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	[4]
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	[4]
Consumer [Member] | Nonperforming Financing Receivable [Member] | Auto loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	17,033		22,276
Consumer [Member] | Nonperforming Financing Receivable [Member] | Finance Leases [Member]
Financing Receivable Recorded Investment [Line Items]
Loans And Leases Receivable Gross Carrying Amount	2,353		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	$ 11,889		$ 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 $35.9 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 September 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.
[4]	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
	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable Recorded Investment [Line Items]
Residential mortgage loans insured by FHA or guaranteed by the VA	$ 35,900	$ 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	$ 34,587	$ 76,956
Commercial Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Loans held for sale		39,100
Residential Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Loans held for sale		900
Land Construction [Member]
Financing Receivable Recorded Investment [Line Items]
Loans held for sale	7,800	7,800
Commercial mortgage [Member]
Financing Receivable Recorded Investment [Line Items]
Loans held for sale	200	6,800
Non Accrual [Member]
Financing Receivable Recorded Investment [Line Items]
Loans held for sale	$ 8,000	$ 54,600

LOAN PORTFOLIO - Impaired loans

LOAN PORTFOLIO - Impaired loans (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2013
Financing Receivable Impaired [Line Items]
Recorded Investment with no Related Allowance	$ 196,195		$ 196,195		$ 238,812
Unpaid Principal Balance with no Related Allowance	216,731		216,731		281,868
Average Recorded Investment No Related Allowance			198,773		246,473
Interest Income with no Related Allowance Accrual Basis	728		2,048
Interest Income with No Related Allowance Cash Basis	466		1,556
Recorded Investment with Related Allowance	646,518		646,518		706,595
Unpaid Principal Balance with Related Allowance	735,521		735,521		803,716
Related Allowance	51,859	$ 55,284	51,859	$ 55,284	55,205	$ 49,918	$ 68,358	$ 102,601
Average Recorded Investment With Related Allowance			659,824		724,143
Interest Income with Related Allowance Accrual Basis	6,190		17,781
Interest Income with Realted Allowance Cash Basis	397		3,484
Recorded Investment	842,713	973,014	842,713	973,014	945,407	$ 824,816	$ 908,858	$ 919,112
Unpaid Principal Balance	952,252		952,252		1,085,584
Average Recorded Investments			858,597		970,616
Interest Income on Impaired Loans Accrual Basis	6,918	7,600	19,829	19,300
Interest Income on Impaired Loans Cash Basis	863	2,000	5,040	6,300
Fhava Guaranteed Loans [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment with no Related Allowance	0		0		0
Unpaid Principal Balance with no Related Allowance	0		0		0
Average Recorded Investment No Related Allowance			0		0
Interest Income with no Related Allowance Accrual Basis	0		0
Interest Income with No Related Allowance Cash Basis	0		0
Recorded Investment with Related Allowance	0		0		0
Unpaid Principal Balance with Related Allowance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment With Related Allowance			0		0
Interest Income with Related Allowance Accrual Basis	0		0
Interest Income with Realted Allowance Cash Basis	0		0
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Average Recorded Investments			0		0
Interest Income on Impaired Loans Accrual Basis	0		0
Interest Income on Impaired Loans Cash Basis	0		0
Other Residential Mortgage Loans [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment with no Related Allowance	66,162		66,162		74,177
Unpaid Principal Balance with no Related Allowance	74,945		74,945		80,522
Average Recorded Investment No Related Allowance			67,341		75,711
Interest Income with no Related Allowance Accrual Basis	183		461
Interest Income with No Related Allowance Cash Basis	155		490
Recorded Investment with Related Allowance	393,149		393,149		350,067
Unpaid Principal Balance with Related Allowance	438,144		438,144		396,203
Related Allowance	18,705		18,705		10,854
Average Recorded Investment With Related Allowance			395,951		357,129
Interest Income with Related Allowance Accrual Basis	4,648		12,996
Interest Income with Realted Allowance Cash Basis	309		1,312
Recorded Investment	459,311		459,311		424,244
Unpaid Principal Balance	513,089		513,089		476,725
Average Recorded Investments			463,292		432,840
Interest Income on Impaired Loans Accrual Basis	4,831		13,457
Interest Income on Impaired Loans Cash Basis	464		1,802
Commercial Mortgage Loans [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment with no Related Allowance	54,538		54,538		109,271
Unpaid Principal Balance with no Related Allowance	63,739		63,739		132,170
Average Recorded Investment No Related Allowance			55,222		113,674
Interest Income with no Related Allowance Accrual Basis	371		1,130
Interest Income with No Related Allowance Cash Basis	129		411
Recorded Investment with Related Allowance	49,508		49,508		101,467
Unpaid Principal Balance with Related Allowance	68,061		68,061		116,329
Related Allowance	4,886		4,886		14,289
Average Recorded Investment With Related Allowance			52,509		104,191
Interest Income with Related Allowance Accrual Basis	143		380
Interest Income with Realted Allowance Cash Basis	37		223
Recorded Investment	104,046		104,046		210,738
Unpaid Principal Balance	131,800		131,800		248,499
Average Recorded Investments			107,731		217,865
Interest Income on Impaired Loans Accrual Basis	514		1,510
Interest Income on Impaired Loans Cash Basis	166		634
Commercial And Industrial Loan [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment with no Related Allowance	27,607		27,607		41,131
Unpaid Principal Balance with no Related Allowance	29,895		29,895		47,647
Average Recorded Investment No Related Allowance			28,207		42,011
Interest Income with no Related Allowance Accrual Basis	13		38
Interest Income with No Related Allowance Cash Basis	152		601
Recorded Investment with Related Allowance	147,376		147,376		195,240
Unpaid Principal Balance with Related Allowance	167,724		167,724		226,431
Related Allowance	17,540		17,540		21,314
Average Recorded Investment With Related Allowance			152,551		198,930
Interest Income with Related Allowance Accrual Basis	599		1,776
Interest Income with Realted Allowance Cash Basis	22		1,868
Recorded Investment	174,983		174,983		236,371
Unpaid Principal Balance	197,619		197,619		274,078
Average Recorded Investments			180,758		240,941
Interest Income on Impaired Loans Accrual Basis	612		1,814
Interest Income on Impaired Loans Cash Basis	174		2,469
Construction Loans [Member]
Financing Receivable Impaired [Line Items]
Related Allowance	2,128	2,936	2,128	2,936
Recorded Investment	66,123	$ 39,441	66,123	$ 39,441
Consumer Auto Loans [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment with no Related Allowance	78		78		0
Unpaid Principal Balance with no Related Allowance	78		78		0
Average Recorded Investment No Related Allowance			87		0
Interest Income with no Related Allowance Accrual Basis	2		7
Interest Income with No Related Allowance Cash Basis	0		0
Recorded Investment with Related Allowance	20,042		20,042		16,991
Unpaid Principal Balance with Related Allowance	20,042		20,042		16,991
Related Allowance	6,698		6,698		2,787
Average Recorded Investment With Related Allowance			21,347		18,504
Interest Income with Related Allowance Accrual Basis	373		1,059
Interest Income with Realted Allowance Cash Basis	0		0
Recorded Investment	20,120		20,120		16,991
Unpaid Principal Balance	20,120		20,120		16,991
Average Recorded Investments			21,434		18,504
Interest Income on Impaired Loans Accrual Basis	375		1,066
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	2,165		2,165		2,181
Unpaid Principal Balance with Related Allowance	2,165		2,165		2,181
Related Allowance	322		322		253
Average Recorded Investment With Related Allowance			2,494		2,367
Interest Income with Related Allowance Accrual Basis	39		123
Interest Income with Realted Allowance Cash Basis	0		0
Recorded Investment	2,165		2,165		2,181
Unpaid Principal Balance	2,165		2,165		2,181
Average Recorded Investments			2,494		2,367
Interest Income on Impaired Loans Accrual Basis	39		123
Interest Income on Impaired Loans Cash Basis	0		0
Other Consumer Loans [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment with no Related Allowance	4,647		4,647		3,778
Unpaid Principal Balance with no Related Allowance	4,916		4,916		5,072
Average Recorded Investment No Related Allowance			4,800		3,924
Interest Income with no Related Allowance Accrual Basis	118		289
Interest Income with No Related Allowance Cash Basis	30		54
Recorded Investment with Related Allowance	11,318		11,318		11,637
Unpaid Principal Balance with Related Allowance	11,541		11,541		12,136
Related Allowance	1,580		1,580		3,131
Average Recorded Investment With Related Allowance			11,689		12,291
Interest Income with Related Allowance Accrual Basis	252		1,034
Interest Income with Realted Allowance Cash Basis	9		17
Recorded Investment	15,965		15,965		15,415
Unpaid Principal Balance	16,457		16,457		17,208
Average Recorded Investments			16,489		16,215
Interest Income on Impaired Loans Accrual Basis	370		1,323
Interest Income on Impaired Loans Cash Basis	39		71
Commercial Construction [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment with no Related Allowance	40,005		40,005		0
Unpaid Principal Balance with no Related Allowance	40,000		40,000		0
Average Recorded Investment No Related Allowance			40,005		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	11,490		11,490		11,790
Unpaid Principal Balance with Related Allowance	11,490		11,490		11,790
Related Allowance	748		748		790
Average Recorded Investment With Related Allowance			11,640		11,867
Interest Income with Related Allowance Accrual Basis	125		376
Interest Income with Realted Allowance Cash Basis	0		0
Recorded Investment	51,495		51,495		11,790
Unpaid Principal Balance	51,490		51,490		11,790
Average Recorded Investments			51,645		11,867
Interest Income on Impaired Loans Accrual Basis	125		376
Interest Income on Impaired Loans Cash Basis	0		0
Residential Construction [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment with no Related Allowance	3,158		3,158		7,461
Unpaid Principal Balance with no Related Allowance	3,158		3,158		10,100
Average Recorded Investment No Related Allowance			3,111		8,123
Interest Income with no Related Allowance Accrual Basis	41		123
Interest Income with No Related Allowance Cash Basis	0		0
Recorded Investment with Related Allowance	1,609		1,609		8,102
Unpaid Principal Balance with Related Allowance	2,385		2,385		8,834
Related Allowance	184		184		993
Average Recorded Investment With Related Allowance			1,665		8,130
Interest Income with Related Allowance Accrual Basis	0		0
Interest Income with Realted Allowance Cash Basis	0		0
Recorded Investment	4,767		4,767		15,563
Unpaid Principal Balance	5,543		5,543		18,934
Average Recorded Investments			4,776		16,253
Interest Income on Impaired Loans Accrual Basis	41		123
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	9,861		9,861		9,120
Unpaid Principal Balance with Related Allowance	13,969		13,969		12,821
Related Allowance	1,196		1,196		794
Average Recorded Investment With Related Allowance			9,978		10,734
Interest Income with Related Allowance Accrual Basis	11		37
Interest Income with Realted Allowance Cash Basis	20		64
Recorded Investment	9,861		9,861		12,114
Unpaid Principal Balance	13,969		13,969		19,178
Average Recorded Investments			9,978		$ 13,764
Interest Income on Impaired Loans Accrual Basis	11		37
Interest Income on Impaired Loans Cash Basis	$ 20		$ 64

LOAN PORTFOLIO - Additional Inf

LOAN PORTFOLIO - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended				9 Months Ended			12 Months Ended
	Feb. 27, 2015	Sep. 30, 2015		Jun. 30, 2015	Sep. 30, 2014	Sep. 30, 2015		Sep. 30, 2014	Dec. 31, 2014		Jun. 30, 2014	Dec. 31, 2013
Accounts Notes And Loans Receivable [Line Items]
Interest Income Impaired Loans					$ 9,600			$ 25,600
Interest Income on Impaired Loans Accrual Basis		$ 6,918			7,600	$ 19,829		19,300
Contractually outstanding principal and interest at acquisition		220,400				220,400			$ 135,500
Securitization of mortgage loans into mortgage backed securities						213,400
Total gross loans held for investment portfolio		9,301,945			9,315,402	9,301,945		9,315,402	9,262,436
Total TDR loans		681,963		$ 634,761	701,143	681,963		701,143	694,453	[1]	$ 628,233	$ 630,258
Outstanding unfunded commitments on TDR loans		200				200
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
Total charge-offs bulk sale				61,400
Porfessional fees				900
Pre-tax loss				48,700
Loans held for sale		34,587				34,587			76,956
Non Sop Unpaid Principal Balance	$ 227,900
Proceeds From Sale Of Loans Held For Investment						107,702		31,558
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						3,900			4,500
GNMA
Accounts Notes And Loans Receivable [Line Items]
Loans repurchased						10,600
FNMA and FHLMC
Accounts Notes And Loans Receivable [Line Items]
Loans repurchased						1,300
Residential Mortgage [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable Significant Purchases						68,200
Total gross loans held for investment portfolio		3,330,089			2,819,648	3,330,089		2,819,648
Government Guaranteed Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable Significant Sales						110,100
Government Guaranteed Residential Mortgage Loans Indirect Exposure		125,100				125,100
Loans in trial [Member]
Accounts Notes And Loans Receivable [Line Items]
Total TDR loans		8,200				8,200
Non Accrual [Member]
Accounts Notes And Loans Receivable [Line Items]
Total TDR loans		270,129	[2]			270,129	[2]		199,813	[3],[4]
Troubled Debt Restructurings [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for sale									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]
Total TDR loans		40,632			59,764	40,632		59,764
Financing receivable loans restructured recorded investment accruals		39,600
Non Fha Va Residential Mortgage Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Total TDR loans		382,613				382,613			349,775
Commercial And Industrial Loan [Member]
Accounts Notes And Loans Receivable [Line Items]
Interest Income on Impaired Loans Accrual Basis		612				1,814
Total TDR loans		151,410				151,410			171,926
Classified and non-performing loans sold				45,800
Proceeds From Sale Of Loans Held For Investment				20,000
Commercial Mortgage Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Interest Income on Impaired Loans Accrual Basis		514				1,510
Total TDR loans		64,685				64,685			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		163,956			141,689	163,956		141,689
Total TDR loans		46,600				46,600
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		1,861,555			$ 2,026,587	1,861,555		$ 2,026,587
Total TDR loans		36,700				36,700
Commercial Construction [Member]
Accounts Notes And Loans Receivable [Line Items]
Interest Income on Impaired Loans Accrual Basis		125				376
Total TDR loans		40,005	[5]			40,005	[5]		0
Residential Construction [Member]
Accounts Notes And Loans Receivable [Line Items]
Interest Income on Impaired Loans Accrual Basis		41				123
Total TDR loans		3,589				3,589			10,037
Land Construction [Member]
Accounts Notes And Loans Receivable [Line Items]
Interest Income on Impaired Loans Accrual Basis		11				37
Total TDR loans		2,990				2,990			2,470
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		$ 141,200				141,200
P R
Accounts Notes And Loans Receivable [Line Items]
Credit risk concentration		81.00%
Outstanding of credit facilities granted		$ 320,600				320,600			308,000
Line of credit facility provided to fund unfunded commitments		336,000
Financing Receivable Commercial Governments Book Value		318,400				318,400
P R | Puerto Rico Government and Political Subdivisions [Member]
Accounts Notes And Loans Receivable [Line Items]
Outstanding of credit facilities granted		199,500				199,500
P R | Public Corporations [Member]
Accounts Notes And Loans Receivable [Line Items]
Outstanding of credit facilities granted		100,200				100,200
Financing Receivable Commercial Governments Book Value		97,900				97,900
P R | Government [Member]
Accounts Notes And Loans Receivable [Line Items]
Outstanding of credit facilities granted		21,000				21,000
P R | Puerto Rico Tourism Development Fund [Member]
Accounts Notes And Loans Receivable [Line Items]
Outstanding of credit facilities granted		130,100				130,100			133,300
P R | Puerto Rico Electric PowerAuthority [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable Commercial Governments Book Value		$ 72,600				72,600
V I
Accounts Notes And Loans Receivable [Line Items]
Credit risk concentration		7.00%
Outstanding of credit facilities granted		$ 101,000				101,000			$ 57,700
U S
Accounts Notes And Loans Receivable [Line Items]
Credit risk concentration		12.00%
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 $45.7 million as of December 31, 2014.
[2]	Included in non-accrual loans are $94.4 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 $45.7 million as of December 31, 2014.
[4]	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.
[5]	During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment and continues to be classified as a TDR and a non-performing loan.

LOAN PORTFOLIO - Activity for I

LOAN PORTFOLIO - Activity for Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015		Sep. 30, 2014
Impaired Loans:
Balance at beginning of period	$ 824,816	$ 908,858	$ 945,407		$ 919,112
Loans determined impaired during the period	37,528	118,549	135,350		271,792
Charge-offs	(7,498)	(31,263)	(90,026)	[1]	(95,948)
Loans sold, net charge-offs	0		(67,836)
Increases to impaired loans (disbursements)	408	1,768	2,524		2,687
Foreclosures	(12,858)	(5,332)	(33,044)		(13,472)
Loans no longer considered impaired	(25,877)	(1,009)	(39,062)		(18,740)
Paid in full or partial payments	(13,811)	(18,557)	(50,605)		(92,417)
Transfer Of Impaired Loans Held For Sale To Portfolio Loans	40,005		40,005
Balance at end of period	$ 842,713	$ 973,014	$ 842,713		$ 973,014
[1]	For the nine-month period ended September 30, 2015, 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) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Specific Reserve:
Balance at beginning of period	$ 49,918	$ 68,358	$ 55,205	$ 102,601
Provision for loan losses	9,439	18,189	81,796	48,631
Net Charge-offs	(7,498)	(31,263)	(85,142)	(95,948)
Balance at end of period	$ 51,859	$ 55,284	$ 51,859	$ 55,284

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	$ 79,889	[1]
[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	Sep. 30, 2015		Jun. 30, 2015	Dec. 31, 2014		Sep. 30, 2014
Financing Receivable Impaired [Line Items]
Purchased Credit Impaired Loans	$ 176,085		$ 178,494	$ 102,604		$ 104,313
Allowance for loan losses Purchased Credit Impaired	(3,163)			0
Purchased Credit Impaired Loans, Net	172,922			102,604
Residential Mortgage Loans [Member]
Financing Receivable Impaired [Line Items]
Purchased Credit Impaired Loans	172,927	[1]		98,494	[2]
Commercial Mortgage Loans [Member]
Financing Receivable Impaired [Line Items]
Purchased Credit Impaired Loans	3,158	[1]		3,393	[2]
Credit Card Receivables [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 and construction-residential loans past due 30-59 days as of September 30, 2015 amounted to $10.0 million, $165.3 million, $25.7 million, $0.6 million and $6.9 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	Sep. 30, 2015		Dec. 31, 2014		Sep. 30, 2014
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	$ 892,976		$ 928,935
Financing Receivable, Current	8,232,884		8,230,897
Loans held for investment	9,301,945		9,262,436		$ 9,315,402
90 days past due and still accruing	165,802	[1]	147,226	[2]
Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	148,575		139,659
Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	105,964		118,154
Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	638,437	[3]	671,122	[4]
Purchased Credit Impaired Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	38,922		28,660
Financing Receivable, Current	137,163		73,944
Loans held for investment	176,085		102,604
Purchased Credit Impaired Loans [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	16,376		12,952
Purchased Credit Impaired Loans [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0		47
Purchased Credit Impaired Loans [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	22,546		15,661
Residential Mortgage [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	290,532	[5]	277,414	[6]
Financing Receivable, Current	2,719,700	[5]	2,481,709	[6]
Loans held for investment	3,183,159	[5]	2,857,617	[6]
90 days past due and still accruing	16,522	[1],[5]	18,371	[2],[6]
30-59 Days past due Mortgages	165,300		189,100
Residential Mortgage [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	99,455	[5]	78,336	[6]
Residential Mortgage [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0	[5]	0	[6]
Residential Mortgage [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	191,077	[3],[5]	199,078	[4],[6]
Residential Mortgage [Member] | Purchased Credit Impaired Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	37,950	[7]	27,747	[8]
Financing Receivable, Current	134,977	[7]	70,747	[8]
Loans held for investment	172,927	[7]	98,494	[8]
30-59 Days past due Mortgages	30,900		16,600
Residential Mortgage [Member] | Purchased Credit Impaired Loans [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	15,805	[7]	12,571	[8]
Residential Mortgage [Member] | Purchased Credit Impaired Loans [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0	[7]	0	[8]
Residential Mortgage [Member] | Purchased Credit Impaired Loans [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	22,145	[7]	15,176	[8]
Commercial Mortgage Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	84,744	[5]	186,763	[6]
Financing Receivable, Current	1,474,636	[5]	1,475,631	[6]
Loans held for investment	1,562,538	[5]	1,665,787	[6]
90 days past due and still accruing	12,510	[1],[5]	22,808	[2],[6]
30-59 Days past due Mortgages	25,700		20,800
Commercial Mortgage Loans [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	3,255	[5]	15,482	[6]
Commercial Mortgage Loans [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0	[5]	0	[6]
Commercial Mortgage Loans [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	81,489	[3],[5]	171,281	[4],[6]
Commercial Mortgage Loans [Member] | Purchased Credit Impaired Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	972	[7]	799	[8]
Financing Receivable, Current	2,186	[7]	2,594	[8]
Loans held for investment	3,158	[7]	3,393	[8]
30-59 Days past due Mortgages			800
Commercial Mortgage Loans [Member] | Purchased Credit Impaired Loans [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	571	[7]	356	[8]
Commercial Mortgage Loans [Member] | Purchased Credit Impaired Loans [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0	[7]	0	[8]
Commercial Mortgage Loans [Member] | Purchased Credit Impaired Loans [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	401	[7]	443	[8]
Credit Card Receivables [Member] | Purchased Credit Impaired Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0		114
Financing Receivable, Current	0		603
Loans held for investment	0		717
Credit Card Receivables [Member] | Purchased Credit Impaired Loans [Member] | Financing Receivables 60 To 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0		25
Credit Card Receivables [Member] | Purchased Credit Impaired Loans [Member] | Financing Receivables 30 To 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	0		47
Credit Card Receivables [Member] | Purchased Credit Impaired Loans [Member] | Financing Receivables Equal To Greater Than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	$ 0		$ 42
[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 $35.9 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 September 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]	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.
[4]	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.
[5]	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days as of September 30, 2015 amounted to $10.0 million, $165.3 million, $25.7 million, $0.6 million and $6.9 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 past due 30-59 days as of September 30, 2015 amounted to $30.9 million.
[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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Accretable Yield [Line Items]
Accretable yield at acquisition	$ 124,288	$ 86,147	$ 82,460	$ 0
Additions	0	0	38,319	86,759
Reclassification to nonaccretable	1,348	0	10,141	0
Accretion recognized in earnings	(3,411)	(1,850)	(8,695)	(2,462)
Accretable yield at the end of the period	$ 122,225	$ 84,297	$ 122,225	$ 84,297

LOAN PORTFOLIO -Changes in Carr

LOAN PORTFOLIO -Changes in Carrying Amount Of Purchased Credit Impaired Loans (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Financing Receivable Impaired [Line Items]
Beggining balance: purchased credit-impaired loans		$ 178,494		$ 102,604
Accretion		3,411	$ 1,850	8,695	$ 2,462
Purchased Credit Impaired Loans Foreclosures		(157)		(157)
Sop Collections		(5,663)		(14,946)
Ending balance: purchased credit-impaired loans		176,085	$ 104,313	176,085	$ 104,313
Allowance for loan losses Purchased Credit Impaired		(3,163)		(3,163)		$ 0
Ending balance: purchased credit-impaired loans, net		172,922		172,922
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	Sep. 30, 2015		Jun. 30, 2015	Dec. 31, 2014		Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 681,963		$ 634,761	$ 694,453	[1]	$ 701,143	$ 628,233	$ 630,258
Interest Rate Below Market [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	55,530			68,455	[1]
Maturity of Term Extension [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	85,485			100,662	[1]
Combination of reduction in interest rate and extension of maturity [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	382,466			415,187	[1]
Forgiveness of principal and/or interest [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	43,334			3,517	[1]
Other [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	115,148	[2]		106,632	[1],[3]
Non Fha Va Residential Mortgage Loans [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	382,613			349,775
Non Fha Va Residential Mortgage Loans [Member] | Interest Rate Below Market [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	29,240			24,850
Non Fha Va Residential Mortgage Loans [Member] | Maturity of Term Extension [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	5,629			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	298,210			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	49,534	[2]		35,749	[3]
Commercial Mortgage Loans [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	64,685			127,766
Commercial Mortgage Loans [Member] | Interest Rate Below Market [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	24,076			29,881
Commercial Mortgage Loans [Member] | Maturity of Term Extension [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	1,249			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	26,940			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	12,420	[2]		12,655	[3]
Commercial And Industrial Loan [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	151,410			171,926
Commercial And Industrial Loan [Member] | Interest Rate Below Market [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	2,177			7,533
Commercial And Industrial Loan [Member] | Maturity of Term Extension [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	74,357			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	28,131			31,553
Commercial And Industrial Loan [Member] | Forgiveness of principal and/or interest [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	3,032			3,074
Commercial And Industrial Loan [Member] | Other [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	43,713	[2]		49,124	[3]
Construction Loans [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	46,600
Consumer Auto Loans [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	20,120			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	2,435			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	11,039			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	6,646	[2]		6,248	[3]
Finance Leases [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	2,165			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	774			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	1,391			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	[2]		0	[3]
Other Consumer Loans [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	14,386			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	811			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	11,424			10,812
Other Consumer Loans [Member] | Forgiveness of principal and/or interest [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	297			443
Other Consumer Loans [Member] | Other [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	1,817	[2]		1,886	[3]
Commercial Construction [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	40,005	[4]		0
Commercial Construction [Member] | Interest Rate Below Market [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	0	[4]		0
Commercial Construction [Member] | Maturity of Term Extension [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	0	[4]		0
Commercial Construction [Member] | Combination of reduction in interest rate and extension of maturity [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	0	[4]		0
Commercial Construction [Member] | Forgiveness of principal and/or interest [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	40,005	[4]		0
Commercial Construction [Member] | Other [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	0	[2],[4]		0	[3]
Residential Construction [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	3,589			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	3,158			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	431	[2]		434	[3]
Land Construction [Member]
Financing Receivable Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	2,990			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	230			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	2,173			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	$ 587	[2]		$ 536	[3]
[1]	Excludes TDRs held for sale amounting to $45.7 million as of December 31, 2014.
[2]	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.
[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]	During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment and continues to be classified as a TDR and a non-performing loan.

LOAN PORTFOLIO - Corporation'89

LOAN PORTFOLIO - Corporation's TDR Activity (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015		Sep. 30, 2014
Schedule Of Financing Receivables [Line Items]
Beginning Balance of TDRs	$ 634,761	$ 628,233	$ 694,453	[1]	$ 630,258
New TDRs	30,044	94,864	95,840		149,609
Increases to existing TDRs (disbursements)	309	1,197	644		1,331
Charge-offs post modification	(5,327)	(12,598)	(58,707)	[2]	(39,246)
Sales	0		(44,048)
Foreclosures	(6,139)	(768)	(16,391)		(3,369)
Transfer Of Trouble Debt Restructuring Loans Held For Sale To Portfolio Loans	40,005		40,005
Paid-off and partial payments	(11,690)	(9,785)	(29,833)		(37,440)
Ending balance of TDRs	$ 681,963	$ 701,143	$ 681,963		$ 701,143
[1]	Excludes TDRs held for sale amounting to $45.7 million as of December 31, 2014.
[2]	For the nine-month period ended September 30, 2015 includes $45.3 million of charge-offs related to TDRs included in the bulk sale of assets.

LOAN PORTFOLIO - Breakdown Betw

LOAN PORTFOLIO - Breakdown Between Accrual and Nonaccrual Status of TDRs (Detail) - USD ($) $ in Thousands		Sep. 30, 2015		Jun. 30, 2015	Dec. 31, 2014		Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		$ 681,963		$ 634,761	$ 694,453	[1]	$ 701,143	$ 628,233	$ 630,258
Non Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		270,129	[2]		199,813	[3],[4]
Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		411,834			494,640
Non Fha Va Residential Mortgage Loans [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		382,613			349,775
Non Fha Va Residential Mortgage Loans [Member] | Non Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		83,362	[2]		82,965	[3],[4]
Non Fha Va Residential Mortgage Loans [Member] | Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		299,251			266,810
Commercial Mortgage Loans [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		64,685			127,766
Commercial Mortgage Loans [Member] | Non Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		35,414	[2]		58,392	[3],[4]
Commercial Mortgage Loans [Member] | Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		29,271			69,374
Commercial And Industrial Loan [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		151,410			171,926
Commercial And Industrial Loan [Member] | Non Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		100,585	[2]		40,382	[3],[4]
Commercial And Industrial Loan [Member] | Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		50,825			131,544
Consumer Auto Loans [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		20,120			16,991
Consumer Auto Loans [Member] | Non Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		6,513	[2]		6,433	[3],[4]
Consumer Auto Loans [Member] | Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		13,607			10,558
Finance Leases [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		2,165			2,181
Finance Leases [Member] | Non Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		200	[2]		255	[3],[4]
Finance Leases [Member] | Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		1,965			1,926
Other Consumer Loans [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		14,386			13,307
Other Consumer Loans [Member] | Non Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		1,215	[2]		3,161	[3],[4]
Other Consumer Loans [Member] | Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		13,171			10,146
Commercial Construction [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	[5]	40,005
Commercial Construction [Member] | Non Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	[2],[5]	40,005
Commercial Construction [Member] | Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	[5]	0
Residential Construction [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		3,589			10,037
Residential Construction [Member] | Non Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		526	[2]		6,589	[3],[4]
Residential Construction [Member] | Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		3,063			3,448
Land Construction [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		2,990			2,470
Land Construction [Member] | Non Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		2,309	[2]		1,636	[3],[4]
Land Construction [Member] | Accrual [Member]
Financing Receivable Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		$ 681			$ 834
[1]	Excludes TDRs held for sale amounting to $45.7 million as of December 31, 2014.
[2]	Included in non-accrual loans are $94.4 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 $45.7 million as of December 31, 2014.
[4]	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.
[5]	During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment and continues to be classified as a TDR and a non-performing loan.

LOAN PORTFOLIO - Breakdown Be91

LOAN PORTFOLIO - Breakdown Between Accrual and Nonaccrual Status of TDRs (Parenthetical) (Detail) - USD ($) $ in Thousands	Sep. 30, 2015		Jun. 30, 2015	Dec. 31, 2014		Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Financing Receivable Modifications [Line Items]
Total TDR loans	$ 681,963		$ 634,761	$ 694,453	[1]	$ 701,143	$ 628,233	$ 630,258
Non Accrual [Member]
Financing Receivable Modifications [Line Items]
Total TDR loans	270,129	[2]		199,813	[3],[4]
Performing Financing Receivable [Member] | Non Accrual [Member]
Financing Receivable Modifications [Line Items]
Total TDR loans	$ 94,400			$ 52,800
[1]	Excludes TDRs held for sale amounting to $45.7 million as of December 31, 2014.
[2]	Included in non-accrual loans are $94.4 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 $45.7 million as of December 31, 2014.
[4]	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 - Loan Modificat

LOAN PORTFOLIO - Loan Modifications are Considered TDRs (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)numberofcontracts	Sep. 30, 2014USD ($)numberofcontracts	Sep. 30, 2015USD ($)numberofcontracts	Sep. 30, 2014USD ($)numberofcontracts
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	522	675	1,892	1,802
Pre-Modification Outstanding Recorded Investment	$ 32,289	$ 95,169	$ 100,361	$ 151,068
Post-Modification Outstanding Recorded Investment	$ 30,044	$ 94,864	$ 95,840	$ 149,609
Non Fha Va Residential Mortgage Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	98	88	350	226
Pre-Modification Outstanding Recorded Investment	$ 19,901	$ 13,050	$ 60,043	$ 31,776
Post-Modification Outstanding Recorded Investment	$ 19,481	$ 12,856	$ 57,882	$ 30,831
Commercial Mortgage Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	4	1	13	5
Pre-Modification Outstanding Recorded Investment	$ 7,380	$ 589	$ 20,332	$ 1,833
Post-Modification Outstanding Recorded Investment	$ 5,719	$ 589	$ 18,781	$ 1,836
Commercial And Industrial Loan [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	0	4	3	16
Pre-Modification Outstanding Recorded Investment	$ 0	$ 76,110	$ 2,997	$ 105,188
Post-Modification Outstanding Recorded Investment	$ 0	$ 76,182	$ 2,579	$ 104,926
Consumer Auto Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	203	214	547	423
Pre-Modification Outstanding Recorded Investment	$ 3,352	$ 3,189	$ 8,739	$ 6,202
Post-Modification Outstanding Recorded Investment	$ 3,297	$ 3,106	$ 8,564	$ 6,104
Finance Leases [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	19	13	43	33
Pre-Modification Outstanding Recorded Investment	$ 521	$ 292	$ 1,215	$ 659
Post-Modification Outstanding Recorded Investment	$ 418	$ 230	$ 1,056	$ 565
Other Consumer Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	197	352	929	1,094
Pre-Modification Outstanding Recorded Investment	$ 1,026	$ 1,756	$ 6,432	$ 5,172
Post-Modification Outstanding Recorded Investment	$ 1,020	$ 1,758	$ 6,378	$ 5,147
Land Construction [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | numberofcontracts	1	3	7	5
Pre-Modification Outstanding Recorded Investment	$ 109	$ 183	$ 603	$ 238
Post-Modification Outstanding Recorded Investment	$ 109	$ 143	$ 600	$ 200

LOAN PORTFOLIO - Loan Modific93

LOAN PORTFOLIO - Loan Modifications Considered Troubled Debt Restructurings Defaulted (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)numberofcontracts	Sep. 30, 2014USD ($)numberofcontracts	Sep. 30, 2015USD ($)numberofcontracts	Sep. 30, 2014USD ($)numberofcontracts
Financing Receivable Modifications [Line Items]
Number of Contracts	78	104	209	258
Recorded Investment | $	$ 4,118	$ 7,622	$ 14,215	$ 13,193
Non Fha Va Residential Mortgage Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts	23	12	50	45
Recorded Investment | $	$ 3,744	$ 1,950	$ 7,646	$ 6,769
Commercial Mortgage Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts	0	2	0	2
Recorded Investment | $	$ 0	$ 4,604	$ 0	$ 4,604
Commercial And Industrial Loan [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts	0	1	4	1
Recorded Investment | $	$ 0	$ 377	$ 5,745	$ 377
Consumer Auto Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts	1	21	8	43
Recorded Investment | $	$ 10	$ 347	$ 50	$ 672
Other Consumer Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts	51	64	141	162
Recorded Investment | $	$ 219	$ 262	$ 589	$ 643
Finance Leases [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts	3	4	6	4
Recorded Investment | $	$ 145	$ 82	$ 185	$ 82
Land Construction [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts			0	1
Recorded Investment | $			$ 0	$ 46

LOAN PORTFOLIO - Loan Restructu

LOAN PORTFOLIO - Loan Restructuring and Effect on Allowance for Loan and Lease Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015	Dec. 31, 2014		Jun. 30, 2014	Dec. 31, 2013
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 681,963	$ 701,143	$ 681,963	$ 701,143	$ 634,761	$ 694,453	[1]	$ 628,233	$ 630,258
Charges to the provision for loan losses	31,176	26,999	138,412	85,658
Allowance for loan losses at the end of the period	228,966		228,966			222,395
Loans Split [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Modifications, Recorded Investment	40,632	59,764	40,632	59,764
Amount charged-off			0	(7,732)
Charges to the provision for loan losses			185	(8,719)
Allowance for loan losses at the end of the period	916	$ 575	916	$ 575
Accrual [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 411,834		$ 411,834			$ 494,640
[1]	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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	$ 221,518	$ 241,177	$ 222,395	$ 285,858
Charge-offs	(26,067)	(53,937)	(151,028)	(166,698)
Recoveries	2,339	11,195	19,187	20,616
Provision For Loan Lease And Other Losses	31,176	26,999	138,412	85,658
Reclassification				0
Ending balance	228,966	225,434	228,966	225,434
Balance at end of period	51,859	55,284	51,859	55,284
Allowance for loan losses Purchased Credit Impaired	3,163		3,163
Ending balance: general allowance	173,944	170,150	173,944	170,150
Ending balance	9,301,945	9,315,402	9,301,945	9,315,402
Ending balance: impaired loans	842,713	973,014	842,713	973,014	$ 824,816	$ 945,407	$ 908,858	$ 919,112
Ending balance: purchased credit-impaired loans	176,085	104,313	176,085	104,313
Ending balance: loans with general allowance	8,283,147	8,238,075	8,283,147	8,238,075
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	33,783	29,755	27,301	33,110
Charge-offs	(5,094)	(5,970)	(13,815)	(17,379)
Recoveries	214	236	584	605
Provision For Loan Lease And Other Losses	6,958	5,885	21,791	13,570
Reclassification				0
Ending balance	35,861	29,906	35,861	29,906
Balance at end of period	18,705	11,658	18,705	11,658
Ending balance: general allowance	14,095	18,248	14,095	18,248
Ending balance	3,330,089	2,819,648	3,330,089	2,819,648
Ending balance: impaired loans	459,311	421,823	459,311	421,823
Ending balance: purchased credit-impaired loans	172,927	99,535	172,927	99,535
Ending balance: loans with general allowance	2,697,851	2,298,290	2,697,851	2,298,290
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	49,092	48,578	50,894	73,138
Charge-offs	(3,677)	(2,823)	(54,115)	(22,056)
Recoveries	20	3,939	6,515	8,271
Provision For Loan Lease And Other Losses	6,668	2,721	48,809	(6,938)
Reclassification				0
Ending balance	52,103	52,415	52,103	52,415
Balance at end of period	4,886	14,128	4,886	14,128
Ending balance: general allowance	47,115	38,287	47,115	38,287
Ending balance	1,562,538	1,812,094	1,562,538	1,812,094
Ending balance: impaired loans	104,046	238,332	104,046	238,332
Ending balance: purchased credit-impaired loans	3,158	3,418	3,158	3,418
Ending balance: loans with general allowance	1,455,334	1,570,344	1,455,334	1,570,344
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	63,900	76,890	63,721	85,295
Charge-offs	(1,267)	(17,605)	(30,090)	(59,516)
Recoveries	327	1,174	3,386	2,253
Provision For Loan Lease And Other Losses	3,807	3,017	29,750	35,444
Reclassification				0
Ending balance	66,767	63,476	66,767	63,476
Balance at end of period	17,540	21,267	17,540	21,267
Ending balance: general allowance	49,227	42,209	49,227	42,209
Ending balance	2,383,807	2,515,384	2,383,807	2,515,384
Ending balance: impaired loans	174,983	241,413	174,983	241,413
Ending balance: purchased credit-impaired loans	0	0	0	0
Ending balance: loans with general allowance	2,208,824	2,273,971	2,208,824	2,273,971
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	11,865	21,292	12,822	35,814
Charge-offs	(103)	(7,691)	(4,787)	(11,322)
Recoveries	176	4,486	2,379	5,158
Provision For Loan Lease And Other Losses	(139)	(3,652)	1,385	(15,215)
Reclassification				0
Ending balance	11,799	14,435	11,799	14,435
Balance at end of period	2,128	2,936	2,128	2,936
Ending balance: general allowance	9,671	11,499	9,671	11,499
Ending balance	163,956	141,689	163,956	141,689
Ending balance: impaired loans	66,123	39,441	66,123	39,441
Ending balance: purchased credit-impaired loans	0	0	0	0
Ending balance: loans with general allowance	97,833	102,248	97,833	102,248
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	62,878	64,662	67,657	58,501
Charge-offs	(15,926)	(19,848)	(48,221)	(56,425)
Recoveries	1,602	1,360	6,323	4,329
Provision For Loan Lease And Other Losses	13,882	19,028	36,677	58,797
Reclassification				0
Ending balance	62,436	65,202	62,436	65,202
Balance at end of period	8,600	5,295	8,600	5,295
Ending balance: general allowance	53,836	59,907	53,836	59,907
Ending balance	1,861,555	2,026,587	1,861,555	2,026,587
Ending balance: impaired loans	38,250	32,005	38,250	32,005
Ending balance: purchased credit-impaired loans	0	1,360	0	1,360
Ending balance: loans with general allowance	1,823,305	1,993,222	1,823,305	1,993,222
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) $ in Millions	Sep. 30, 2015USD ($)
Financing Receivable Allowance For Credit Losses [Line Items]
Reserve for unfunded loan commitments	$ 0.5

LOANS HELD FOR SALE - Portfolio

LOANS HELD FOR SALE - Portfolio of Loans Held for Sale (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Residential mortgage loans	$ 26,560	$ 22,315
Commercial Mortgage loans	230	6,839
Total	34,587	76,956
Construction Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Construction loans	$ 7,797	$ 47,802

LOANS HELD FOR SALE - Additiona

LOANS HELD FOR SALE - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Loans held for sale	$ 34,587		$ 76,956
Commercial Mortgage loans	230		6,839
Non-performing loan sold previously reclassified to Loans Held For Sale		$ 147,500
Transfer Of Loans Held For Sale To Portfolio Loans 1	40,000
Non Accrual [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for sale	8,000		54,600
Commercial Mortgage loans	200		6,800
Construction loans	$ 7,800		$ 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		Sep. 30, 2015	Dec. 31, 2014
Other Real Estate And Foreclosed Assets [Line Items]
Other real estate owned		$ 124,442	$ 124,003
Residential Real Estate [Member]
Other Real Estate And Foreclosed Assets [Line Items]
Other real estate owned		30,187	22,520
Commercial Real Estate [Member]
Other Real Estate And Foreclosed Assets [Line Items]
Other real estate owned		71,124	75,654
Construction Real Estate [Member]
Other Real Estate And Foreclosed Assets [Line Items]
Other real estate owned		15,322	18,770
Government Guaranteed [Member]
Other Real Estate And Foreclosed Assets [Line Items]
Other real estate owned	[1]	$ 7,809	$ 7,059
[1]	As of September 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	Sep. 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		Sep. 30, 2015	Dec. 31, 2014
Economic undesignated hedges:
Notional amount of derivatives		$ 274,300	$ 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		121,150	37,132
Nondesignated [Member] | Interest Rate Cap [Member] | Written
Economic undesignated hedges:
Notional amount of derivatives		121,150	37,132
Nondesignated [Member] | Forward Contracts [Member]
Economic undesignated hedges:
Notional amount of derivatives		$ 32,000	$ 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	Sep. 30, 2015	Dec. 31, 2014
Derivatives Fair Value [Line Items]
Derivatives, included in assets	$ 806	$ 39
Derivatives, included in liabilities	1,038	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	806	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	0	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	793	6
Other Liabilities [Member] | Forward Contracts [Member]
Derivatives Fair Value [Line Items]
Derivatives, included in liabilities	$ 245	$ 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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Economic undesignated hedges:
Total gain (loss) on derivatives	$ (135)	$ 648	$ 47	$ 820
Interest Rate Cap [Member]
Economic undesignated hedges:
Total gain (loss) on derivatives	144	0	144	0
Interest Income Loans [Member] | Interest Rate Swap [Member]
Economic undesignated hedges:
Total gain (loss) on derivatives	0	419	0	993
Mortgage Banking Activities [Member] | Forward Contracts [Member]
Economic undesignated hedges:
Total gain (loss) on derivatives	$ (279)	$ 229	$ (97)	$ (173)

DERIVATIVE INSTRUMENTS AND H104

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Summary of Interest Rate Swaps (Detail) - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014
Pay fixed/receive floating :
Notional amount		$ 274,300	$ 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	Sep. 30, 2015	Dec. 31, 2014
Offsetting [Abstract]
Gross amount recognized of derivative asset	$ 806	$ 6
Gross amount of derivatives assets offset	0	0
Net asset amount of assets presented in the Statement of Financial Condition	806	6
Obligation to return Financial instrument, derivatives assets	(806)	(6)
Obligation to return Cash Collateral, derivative assets	0	0
Net derivative asset amount not offset	0	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
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross	200,806
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability	(200,000)
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability Not Offset	806
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Securities	(806)
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Cash	0
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Amount Offset Against Collateral	$ 0

GOODWILL AND OTHER INTANGIBL107

GOODWILL AND OTHER INTANGIBLES - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 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			3,817	$ 3,723
Business Combination Finite Lived Intangible Assets Net	5,300		5,300
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 1 month 6 days				6 years 10 months 24 days
Amortization expense	$ 800	$ 800	2,300	2,600
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 3 months 18 days				8 years 4 months 24 days
Amortization expense	$ 600	$ 400	$ 1,500	$ 1,200

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
	Sep. 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	$ 1,326
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	10,019
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	(41,939)	(40,424)
Net carrying amount	$ 9,725	$ 5,420
Remaining amortization period	9 years 3 months 18 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	(10,378)	(8,076)
Net carrying amount	$ 14,087	$ 16,389
Remaining amortization period	6 years 1 month 6 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	Sep. 30, 2015	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				$ 1,300
Balance of amortization with third party				37.5
Carrying value with third party				$ 27.4
Percentage of weighted average yield with third party				2.20%
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				$ 26.8
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				$ 10
Line of credit facility provided to fund unfunded commitments	$ 80
Revolver agreement of credit facility provided amount outstanding				16.5
Working capital line of credit facility provided amount outstanding				$ 3.9
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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Variable Interest Entity [Line Items]
Net income (loss)	$ 14,758	$ 23,201	$ 6,330	$ 61,509
Cpg Gs [Member]
Variable Interest Entity [Line Items]
Revenues	3,277	375	4,808	3,244
Gross profit	(4,336)	(2,347)	(15,233)	(4,310)
Net income (loss)	$ (4,336)	$ (2,976)	$ (14,609)	$ (7,778)

NON-CONSOLIDATED VARIABLE IN111

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Changes in Servicing Assets (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Servicing Assets At Amortized Value [Line Items]
Balance at beginning of period		$ 23,519	$ 22,270	$ 22,838	$ 21,987
Capitalization of servicing assets		1,242	1,075	3,789	3,144
Amortization		(758)	(772)	(2,409)	(2,345)
Adjustment to servicing assets for loans repurchased	[1]	(20)	(24)	(88)	(57)
Adjustment to fair value		(23)	(46)	(170)	(226)
Balance at end of period		$ 23,960	$ 22,503	$ 23,960	$ 22,503
[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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Valuation Allowance For Impairment Of Recognized Servicing Assets [Line Items]
Balance at beginning of period	$ 202	$ 392	$ 55	$ 212
Temporary impairment charges	41	53	227	296
OTTI of servicing assets	0	(385)	0	(385)
Recoveries	(18)	(7)	(57)	(70)
Balance at end of period	$ 225	$ 53	$ 225	$ 53

NON-CONSOLIDATED VARIABLE IN113

NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Components of Net Servicing Income (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Servicing fees		$ 1,796	$ 1,738	$ 5,340	$ 5,098
Late charges and prepayment penalties		179	177	546	518
Other		(22)	(197)	(125)	(1,244)
Adjustment to servicing assets for loans repurchased	[1]	(20)	(24)	(88)	(57)
Servicing income, gross		1,933	1,694	5,673	4,315
Amortization and impairment of servicing assets		(781)	(818)	(2,579)	(2,571)
Servicing income, net		$ 1,152	$ 876	$ 3,094	$ 1,744
[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)	9 Months Ended
	Sep. 30, 2015	Sep. 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	14.40%	13.80%
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
	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Carrying amount of servicing assets	$ 23,960	$ 23,519	$ 22,838	$ 22,503	$ 22,270	$ 21,987
Fair value	$ 26,378
Weighted-average expected life	9 years 3 months 7 days
Constant prepayment rate	9.32%
Decrease in fair value due to 10% adverse change	$ 938
Decrease in fair value due to 20% adverse change	$ 1,821
Discount rate	10.64%
Decrease in fair value due to 10% adverse change	$ 1,114
Decrease in fair value due to 20% adverse change	$ 2,142

DEPOSITS - Summary of Deposit B

DEPOSITS - Summary of Deposit Balances (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Deposits [Line Items]
Non-interest bearing checking accounts	$ 1,402,807	$ 900,616
Savings accounts	2,511,356	2,450,484
Interest-bearing checking accounts	1,222,065	1,054,136
Certificates of deposit	2,312,118	2,191,663
Brokered certificates of deposit	2,268,115	2,887,046
Total deposits	$ 9,716,461	$ 9,483,945

DEPOSITS - Brokered Certificate

DEPOSITS - Brokered Certificates Of Deposit Mature (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Deposits [Line Items]
Interest Bearing Domestic Deposit Brokered	$ 2,268,115	$ 2,887,046
One to ninety days
Deposits [Line Items]
Interest Bearing Domestic Deposit Brokered	505,272
Over three month to six months
Deposits [Line Items]
Interest Bearing Domestic Deposit Brokered	310,864
Over six months to one year
Deposits [Line Items]
Interest Bearing Domestic Deposit Brokered	636,381
One to three year
Deposits [Line Items]
Interest Bearing Domestic Deposit Brokered	779,515
Three to five years
Deposits [Line Items]
Interest Bearing Domestic Deposit Brokered	5,315
Over five years
Deposits [Line Items]
Interest Bearing Domestic Deposit Brokered	$ 30,768

DEPOSITS - Components of Intere

DEPOSITS - Components of Interest Expense on Deposits (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Deposits [Line Items]
Interest expense on deposits	$ 15,947	$ 17,705	$ 48,402	$ 53,969
Accretion Of Premium From Acquisitions	(156)	0	(441)	0
Amortization of broker placement fees	1,060	1,639	3,564	5,140
Interest expense on deposits	$ 16,851	$ 19,344	$ 51,525	$ 59,109

SECURITIES SOLD UNDER AGREEM119

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Securities Sold Under Agreements to Repurchase (Detail) - USD ($) $ in Thousands		Sep. 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 September 30, 2015, includes $600 million with an average rate of 2.93% that lenders have the right to call before their contractual maturities at various dates beginning on October 9, 2015. In addition, $500 million is tied to variable rates. In October 2015, the counterparty to the $200 million reverse repurchase agreement exercised its call option on the instrument.
[2]	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreements) 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		Sep. 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		3.38%		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		2.93%
[1]	As of September 30, 2015, includes $600 million with an average rate of 2.93% that lenders have the right to call before their contractual maturities at various dates beginning on October 9, 2015. In addition, $500 million is tied to variable rates. In October 2015, the counterparty to the $200 million reverse repurchase agreement exercised its call option on the instrument.
[2]	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreements) 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		Sep. 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 September 30, 2015, includes $600 million with an average rate of 2.93% that lenders have the right to call before their contractual maturities at various dates beginning on October 9, 2015. In addition, $500 million is tied to variable rates. In October 2015, the counterparty to the $200 million reverse repurchase agreement exercised its call option on the instrument.
[2]	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreements) 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		Sep. 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 September 30, 2015, includes $600 million with an average rate of 2.93% that lenders have the right to call before their contractual maturities at various dates beginning on October 9, 2015. In addition, $500 million is tied to variable rates. In October 2015, the counterparty to the $200 million reverse repurchase agreement exercised its call option on the instrument.
[2]	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreements) 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
		Sep. 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 1 month
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 4 months
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 1 month
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		2 months
[1]	As of September 30, 2015, includes $600 million with an average rate of 2.93% that lenders have the right to call before their contractual maturities at various dates beginning on October 9, 2015. In addition, $500 million is tied to variable rates. In October 2015, the counterparty to the $200 million reverse repurchase agreement exercised its call option on the instrument.
[2]	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreements) 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	Sep. 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)	Sep. 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	Sep. 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 ninety days to one year
Federal Home Loan Bank Advances Branch Of F H L B Bank [Line Items]
Federal Home Loan Bank Advances	100,000
Over one to three years
Federal Home Loan Bank Advances Branch Of F H L B Bank [Line Items]
Federal Home Loan Bank Advances	$ 225,000

ADVANCES FROM THE FEDERAL HO127

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Additional Information (Detail) $ in Millions	Sep. 30, 2015USD ($)
Federal Home Loan Bank Advances Branch Of F H L B Bank [Line Items]
Credit facility based on collateral pledged	$ 797.1

OTHER BORROWINGS - Components o

OTHER BORROWINGS - Components of Other Borrowings (Detail) - USD ($) $ in Thousands	Sep. 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
	Sep. 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	3.08%	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	2.82%	2.75%
Subordinated Borrowing Due Date	Sep. 20, 2034
Callable step-rate notes rate	2.50%

STOCKHOLDERS' EQUITY - Addition

STOCKHOLDERS' EQUITY - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Sep. 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	215,903,829	215,903,829		213,724,749
Common stock, shares outstanding	214,982,131	214,982,131		212,984,700
Granted shares of restricted stock		1,013,495
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	921,698	921,698		740,049
Legal surplus reserve rate	10.00%
Original amount contributed in percentage	20.00%
Repurchased of common stock		181,649
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	2,973,961	2,973,961		2,327,156
Trust Preferred Securities Exchanged Liquidation Value		$ 5,303	$ 0
Restricted Stock [Member]
Class Of Stock [Line Items]
Repurchased of common stock		72,918
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	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Class Of Stock [Line Items]
Liquidation value per share	$ 25	$ 25
Preferred stock, shares outstanding	1,444,146	1,444,146		1,444,146
Shares Of Preferred Stock Exchanged			1,077,726
Preferred Stock Value	$ 36,104	$ 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) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended			9 Months Ended		12 Months Ended
	May. 28, 2015	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 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						$ 4,300
Percentage of gross receipt tax credit								0.50%
Gross income credit amount						2,100
Valuation allowance		$ 204,100			$ 204,100
Percentage of dividend received deduction from controlled subsidiaries		100.00%
Percentage of dividend received from other taxable domestic corporations		85.00%
Income tax expense		$ 4,476		$ 64	2,664	$ 675
Deferred Tax Assets Net		$ 311,400			$ 311,400
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		17.00%
Effective Tax Rate Including All Entities		30.00%
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)	Sep. 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	Sep. 30, 2015	Dec. 31, 2014
Securities available for sale
Investment securities available for sale	$ 1,907,867	$ 1,965,666
Derivatives, included in assets:
Derivatives, included in assets	806	39
Derivatives, included in liabilities:
Derivatives, included in liabilities	1,038	187
Forward Contracts [Member]
Derivatives, included in assets:
Derivatives, included in assets	0	0
Derivatives, included in liabilities:
Derivatives, included in liabilities	245	148
U S Treasury Securities [Member]
Securities available for sale
Investment securities available for sale	7,537	7,499
Us Government Agencies Debt Securities Noncallable [Member]
Securities available for sale
Investment securities available for sale	319,357	228,157
Us Government Agencies Debt Securities Callable [Member]
Securities available for sale
Investment securities available for sale	1,519,218	1,653,140
US States And Political Subdivisions Member [Member]
Securities available for sale
Investment securities available for sale	34,135	43,222
Private Label Mbs [Member]
Securities available for sale
Investment securities available for sale	27,520	33,648
Interest Rate Cap [Member] | Purchase
Derivatives, included in assets:
Derivatives, included in assets	806	6
Interest Rate Cap [Member] | Written
Derivatives, included in liabilities:
Derivatives, included in liabilities	793	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	7,537	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	0	0
Derivatives, included in liabilities:
Derivatives, included in liabilities	245	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	319,357	228,157
Fair Value Inputs Level 2 [Member] | Us Government Agencies Debt Securities Callable [Member]
Securities available for sale
Investment securities available for sale	1,519,218	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	32,047	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	806	6
Fair Value Inputs Level 2 [Member] | Interest Rate Cap [Member] | Written
Derivatives, included in liabilities:
Derivatives, included in liabilities	793	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	2,088	2,564
Fair Value Inputs Level 3 [Member] | Private Label Mbs [Member]
Securities available for sale
Investment securities available for sale	27,520	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				9 Months Ended
		Sep. 30, 2015		Sep. 30, 2014		Sep. 30, 2015		Sep. 30, 2014
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance		$ 31,640	[1]	$ 40,918	[1]	$ 36,212	[2]	$ 43,292	[2]
Total gains or (losses) (realized/unrealized):
Net impairement losses on investment securites (credit component)		(231)	[1]	(245)	[1]	(628)	[2]	(245)	[2]
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss		345	[1]	333	[1]	1,489	[2]	2,026	[2]
Sales		0	[1]	0	[1]	0	[2]	(4,855)	[2]
Purchases	[2]					100		5,123
Principal Repayments		(2,046)	[1]	(2,124)	[1]	(7,465)	[2]	(6,459)	[2]
Ending balance	[1],[2]	29,708		38,882		29,708		38,882
Available for Sale Securities
Total gains or (losses) (realized/unrealized):
Net impairement losses on investment securites (credit component)		$ (231)		$ (245)		$ (628)		$ (245)
[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
	Sep. 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	29.94%	32.00%
Private Label Mbs [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 27,520
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	$ 2,088
Unobservable input prepayment rate	3.00%
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	17.83%	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	17.83%
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				9 Months Ended
	Sep. 30, 2015		Sep. 30, 2014		Sep. 30, 2015		Sep. 30, 2014
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Net impairement losses on investment securites (credit component)	$ (231)	[1]	$ (245)	[1]	$ (628)	[2]	$ (245)	[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)	$ (231)		$ (245)		$ (628)		$ (245)
[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

9 Months Ended

Sep. 30, 2015

Sep. 30, 2014

Sep. 30, 2015

Sep. 30, 2014

Jun. 30, 2015

Dec. 31, 2014

Jun. 30, 2014

Dec. 31, 2013

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

Mortgage servicing rights

$ 23,960

$ 22,503

$ 23,960

$ 22,503

$ 23,519

$ 22,838

$ 22,270

$ 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

(7,864)

[1]

(6,495)

[2]

(22,431)

[1]

(30,376)

[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

(4,025)

[3]

(2,287)

[4]

(8,790)

[3]

(10,544)

[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

(23)

[5]

(46)

[6]

(170)

[5]

(226)

[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

332,688

[1]

461,882

[2]

332,688

[1]

461,882

[2]

Other Real Estate Owned

124,442

[3]

112,803

[4]

124,442

[3]

112,803

[4]

Mortgage servicing rights

23,960

[5]

22,503

[6]

23,960

[5]

22,503

[6]

Loans held for sale

$ 8,027

[7]

$ 54,641

[8]

$ 8,027

[7]

$ 54,641

[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 9.32%, Discount Rate of 10.64%.

[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 9.71%, Discount Rate of 10.63%.

[7]

The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans.

[8]

The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans.

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
	Sep. 30, 2015	Sep. 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	29.94%		32.00%
Discount rate used for calculation of mortgage servicing rights value	14.50%		14.50%
Loans held for sale	$ 34,587		$ 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	9.32%	9.71%
Discount rate used for calculation of mortgage servicing rights value	10.64%	10.63%

FAIR VALUE - Qualitative Inform

FAIR VALUE - Qualitative Information Regarding Fair Value Measurements for Level 3 Financial Instruments (Detail)	3 Months Ended
	Sep. 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 9.32%; weighted average discount rate of 10.64%

FAIR VALUE - Fair Value (Detail

FAIR VALUE - Fair Value (Detail) - USD ($) $ in Thousands	Sep. 30, 2015		Dec. 31, 2014	Sep. 30, 2014
Assets:
Investment securities available for sale	$ 1,907,867		$ 1,965,666
Less: allowance for loan and lease losses	(228,966)		(222,395)
Derivatives, included in assets	806		39
Liabilities:
Other borrowings	226,492		231,959
Derivatives, included in liabilities	1,038		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	8,027	[1]		54,641	[2]
Loans held for investment, net of allowance	332,688	[3]		$ 461,882	[4]
Carrying Reported Amount Fair Value Disclosure [Member]
Assets:
Cash and due from banks and money market investments	961,737		796,108
Investment securities available for sale	1,907,867		1,965,666
Other equity securities	26,319		25,752
Loans held for sale	34,587		76,956
Loans, held for investment	9,301,945		9,262,436
Less: allowance for loan and lease losses	(228,966)		(222,395)
Loans held for investment, net of allowance	9,072,979		9,040,041
Derivatives, included in assets	806		39
Liabilities:
Deposits	9,716,461		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	1,038		187
Estimate Of Fair Value Fair Value Disclosure [Member]
Assets:
Cash and due from banks and money market investments	961,737		796,108
Investment securities available for sale	1,907,867		1,965,666
Other equity securities	26,319		25,752
Loans held for sale	35,767		77,888
Loans held for investment, net of allowance	8,877,609		8,844,659
Derivatives, included in assets	806		39
Liabilities:
Deposits	9,724,759		9,486,325
Securities sold under agreements to repurchase	759,417		958,715
Advances from FHLB	326,483		324,376
Other borrowings	132,771		162,344
Derivatives, included in liabilities	1,038		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	961,737		796,108
Investment securities available for sale	7,537		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	1,870,622		1,921,955
Other equity securities	26,319		25,752
Loans held for sale	27,740		23,247
Loans held for investment, net of allowance	0		0
Derivatives, included in assets	806		39
Liabilities:
Deposits	9,724,759		9,486,325
Securities sold under agreements to repurchase	759,417		958,715
Advances from FHLB	326,483		324,376
Other borrowings	0		0
Derivatives, included in liabilities	1,038		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	29,708		36,212
Other equity securities	0		0
Loans held for sale	8,027		54,641
Loans held for investment, net of allowance	8,877,609		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	132,771		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.
[2]	The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans.
[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		9 Months Ended
	Feb. 27, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Cash paid for:
Interest on borrowings				$ 70,016	$ 76,975
Income tax				3,404	6,427
Non-cash investing and financing activities:
Additions to other real estate owned				44,415	19,313
Additions to auto repossesions				57,901	69,409
Loan securitizations				213,391	144,569
Capitalization of servicing assets		$ 1,242	$ 1,075	3,789	3,144
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
	Sep. 30, 2015numberofreportableunits
Number of reportable segments	6

SEGMENT INFORMATIO - Informatio

SEGMENT INFORMATIO - Information about reportable segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Interest income	$ 149,812	$ 156,662	$ 453,929	$ 475,656
Net (charge) credit for transfer of funds	0	0	0	0
Interest expense	(24,883)	(28,968)	(76,876)	(86,735)
Net interest income (loss)	124,929	127,694	377,053	388,921
(Provision) release for loan and lease losses	(31,176)	(26,999)	(138,412)	(85,658)
Non-interest income (loss)	18,758	16,174	44,714	50,735
Direct non-interest expenses	(68,000)	(70,445)	(202,645)	(216,231)
Segment (loss) income	44,511	46,424	80,710	137,767
Average earnings assets	11,587,431	11,916,919	11,831,006	12,008,370
Mortgage Banking [Member]
Segment Reporting Information [Line Items]
Interest income	36,180	30,038	106,352	83,230
Net (charge) credit for transfer of funds	(12,629)	(9,541)	(36,212)	(26,823)
Interest expense	0	0	0	0
Net interest income (loss)	23,551	20,497	70,140	56,407
(Provision) release for loan and lease losses	(6,750)	(5,261)	(21,657)	(12,734)
Non-interest income (loss)	3,982	3,643	11,866	9,446
Direct non-interest expenses	(8,977)	(9,896)	(26,270)	(30,068)
Segment (loss) income	11,806	8,983	34,079	23,051
Average earnings assets	2,642,388	2,189,861	2,601,892	2,059,427
Consumer Retail Banking [Member]
Segment Reporting Information [Line Items]
Interest income	48,528	52,725	147,395	163,406
Net (charge) credit for transfer of funds	4,335	4,162	12,816	11,933
Interest expense	(5,869)	(5,902)	(17,379)	(18,580)
Net interest income (loss)	46,994	50,985	142,832	156,759
(Provision) release for loan and lease losses	(13,946)	(18,634)	(36,588)	(58,604)
Non-interest income (loss)	11,759	9,409	35,504	30,044
Direct non-interest expenses	(32,669)	(31,670)	(96,690)	(95,195)
Segment (loss) income	12,138	10,090	45,058	33,004
Average earnings assets	1,959,951	2,021,207	1,956,352	1,953,726
Commercial And Corporate [Member]
Segment Reporting Information [Line Items]
Interest income	32,636	39,737	100,192	122,861
Net (charge) credit for transfer of funds	(4,058)	(3,354)	(11,746)	(9,402)
Interest expense	0	0	0	0
Net interest income (loss)	28,578	36,383	88,446	113,459
(Provision) release for loan and lease losses	(11,355)	(8,900)	(84,170)	(36,424)
Non-interest income (loss)	647	1,104	2,350	4,021
Direct non-interest expenses	(10,896)	(10,265)	(30,013)	(37,537)
Segment (loss) income	6,974	18,322	(23,387)	43,519
Average earnings assets	2,760,788	3,398,113	2,947,562	3,731,842
Treasury And Investments [Member]
Segment Reporting Information [Line Items]
Interest income	11,500	12,335	36,276	41,906
Net (charge) credit for transfer of funds	8,563	5,601	23,936	15,985
Interest expense	(14,305)	(17,323)	(44,834)	(50,867)
Net interest income (loss)	5,758	613	15,378	7,024
(Provision) release for loan and lease losses	0	0	0	0
Non-interest income (loss)	(174)	(190)	(13,046)	207
Direct non-interest expenses	(1,103)	(1,481)	(3,487)	(4,121)
Segment (loss) income	4,481	(1,058)	(1,155)	3,110
Average earnings assets	2,531,084	2,676,556	2,683,313	2,700,429
United States Operations [Member]
Segment Reporting Information [Line Items]
Interest income	11,229	11,541	34,477	33,316
Net (charge) credit for transfer of funds	3,789	3,132	11,206	8,307
Interest expense	(3,931)	(4,855)	(12,326)	(14,507)
Net interest income (loss)	11,087	9,818	33,357	27,116
(Provision) release for loan and lease losses	1,307	6,791	6,715	23,231
Non-interest income (loss)	778	621	2,032	1,773
Direct non-interest expenses	(6,914)	(6,015)	(21,293)	(20,504)
Segment (loss) income	6,258	11,215	20,811	31,616
Average earnings assets	1,048,451	958,790	1,001,860	896,667
Virgin Islands Operations [Member]
Segment Reporting Information [Line Items]
Interest income	9,739	10,286	29,237	30,937
Net (charge) credit for transfer of funds	0	0	0	0
Interest expense	(778)	(888)	(2,337)	(2,781)
Net interest income (loss)	8,961	9,398	26,900	28,156
(Provision) release for loan and lease losses	(432)	(995)	(2,712)	(1,127)
Non-interest income (loss)	1,766	1,587	6,008	5,244
Direct non-interest expenses	(7,441)	(11,118)	(24,892)	(28,806)
Segment (loss) income	2,854	(1,128)	5,304	3,467
Average earnings assets	$ 644,769	$ 672,392	$ 640,027	$ 666,279

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Reportable Segment Financial Information (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net Income (Loss):
Total income for segments and other		$ 44,511	$ 46,424	$ 80,710	$ 137,767
Other non-interest income (loss)	[1]	0	0	13,443	(7,280)
Other operating expenses	[2]	(25,277)	(23,159)	(85,159)	(68,303)
Income (loss) before income taxes		19,234	23,265	8,994	62,184
Income tax expense		(4,476)	(64)	(2,664)	(675)
Total consolidated net income (loss)		14,758	23,201	6,330	61,509
Average assets:
Total average earning assets for segments		11,587,431	11,916,919	11,831,006	12,008,370
Other average earning assets	[1]	0	0	0	2,216
Average non-earning assets		925,723	650,624	916,817	654,845
Total consolidated average assets		$ 12,513,154	$ 12,567,543	$ 12,747,823	$ 12,665,431
[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
	Sep. 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%
Total risk based capital to be considered well capitalized under PCA	10.00%
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	$ 648.5
Commercial And Financial Standby Letters Of Credit [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Commitments	$ 52.6
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	13.54%			13.04%
Tier 1 risk based capital ratio	18.14%			18.10%
Total Risk Based Capital Ratio	19.42%			19.37%
Tier 1 risk based capital ratio to be considered well capitalzed under PCA	8.00%			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%			5.00%
Common Equity Tier1 Capital To Risk Weight Assets Ratio	16.08%

REGULATORY MATTERS, COMMITME148

REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES- Regulatory Capital Positions (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 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%
Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets	6.00%
Holding Company [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Capital	$ 1,806,332	$ 1,748,120
Tier One Risk Based Capital	1,524,236	1,636,004
Tier One Leverage Capital	1,524,236	1,636,004
Capital Required For Capital Adequacy	733,297	709,723
Tier One Risk Based Capital Required For Capital Adequacy	549,973	354,861
Tier One Leverage Capital Required For Capital Adequacy	$ 491,476	$ 493,159
Capital To Risk Weighted Assets	19.71%	19.70%
Tier One Risk Based Capital To Risk Weighted Assets	16.63%	18.44%
Tier One Leverage Capital To Average Assets	12.41%	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	16.63%
Common Equity Tier 1 Capital To Risk Weight Assets	$ 1,524,236
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	$ 412,480
FirstBank [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Capital	1,778,981	$ 1,717,432
Tier One Risk Based Capital	1,661,709	1,605,367
Tier One Leverage Capital	1,661,709	1,605,367
Capital Required For Capital Adequacy	732,966	709,395
Tier One Risk Based Capital Required For Capital Adequacy	549,725	354,698
Tier One Leverage Capital Required For Capital Adequacy	490,789	492,468
Capital Required To Be Well Capitalized	916,208	886,744
Tier One Risk Based Capital Required To Be Well Capitalized	$ 732,966	$ 532,046
Capital To Risk Weighted Assets	19.42%	19.37%
Tier One Risk Based Capital To Risk Weighted Assets	18.14%	18.10%
Tier One Leverage Capital To Average Assets	13.54%	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%	10.00%
Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets	8.00%	6.00%
Tier One Leverage Capital Required To Be Well Capitalized To Average Assets	5.00%	5.00%
Tier One Leverage Capital Required To Be Well Capitalized	$ 613,486	$ 615,585
Common Equity Tier1 Capital To Risk Weight Assets Ratio	16.08%
Common Equity Tier 1 Capital To Risk Weight Assets	$ 1,472,920
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	$ 412,293
Common Equity Tier 1 Capital To Risk Weight Assets Well Capitalized	$ 595,535
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	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
ASSETS
Cash and due from banks	$ 742,251	$ 779,147
Money market investments	219,486	16,961	$ 16,957
Investment securities available for sale, at market:
Other investment securities	1,110,869	939,700
Carrying Value Of Other Equity Security	900	300
Loans Receivable, net	9,107,566	9,116,997
Other assets	483,817	481,587
Total assets	12,820,989	12,727,835
Liabilities:
Other borrowings	226,492	231,959
Accounts payable and other liabilities	152,086	115,188
Total liabilities	11,120,039	11,056,092
Stockholders Equity	1,700,950	1,671,743	$ 1,324,157
Total liabilities and stockholders' equity	12,820,989	12,727,835
Holding Company [Member]
ASSETS
Cash and due from banks	28,849	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	276	322
Other assets	4,784	4,357
Total assets	1,954,611	1,926,394
Liabilities:
Other borrowings	226,492	231,959
Accounts payable and other liabilities	27,169	22,692
Total liabilities	253,661	254,651
Stockholders Equity	1,700,950	1,671,743
Total liabilities and stockholders' equity	1,954,611	1,926,394
Holding Company [Member] | Investment In Banking Subsidiary [Member]
Investment securities available for sale, at market:
Equity Method Investments	1,893,347	1,866,090
Holding Company [Member] | Non Banking Subsidiary [Member]
Investment securities available for sale, at market:
Equity Method Investments	14,164	11,890
Holding Company [Member] | Statutory Trust One [Member]
Investment securities available for sale, at market:
Equity Method Investments	2,929	3,093
Holding Company [Member] | Statutory Trust Two [Member]
Investment securities available for sale, at market:
Equity Method Investments	$ 3,866	$ 3,866

FIRST BANCORP. (Holding Comp150

FIRST BANCORP. (Holding Company Only) Financial Information - Statements of Loss (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income:
Interest income on investment securities	$ 10,985	$ 11,894	$ 34,831	$ 40,850
Other Interest And Dividend Income	410	473	1,457	1,427
Expense:
Impairement on equity securities	0	0	0	291
Loss before income taxes and equity in undistributed earnings (losses) of subsidiaries	19,234	23,265	8,994	62,184
Income tax expense	(4,476)	(64)	(2,664)	(675)
Net income (loss)	14,758	23,201	6,330	61,509
Other comprehensive income (loss), net of tax	16,709	(5,916)	13,681	44,413
Comprehensive (loss) income	31,467	17,285	20,011	105,922
Holding Company [Member]
Income:
Other Interest And Dividend Income	5	5	15	15
Other income	58	55	439	163
Total interest income	63	60	454	178
Expense:
Notes payable and other borrowings	1,861	1,818	5,521	5,365
Other operating expenses	643	693	2,000	1,967
Total operating expenses	2,504	2,511	7,521	7,332
Loss before income taxes and equity in undistributed earnings (losses) of subsidiaries	(2,441)	(2,451)	(7,067)	(7,154)
Income tax expense	0	1	0	(3)
Equity in undistributed earnings (losses) of subsidiaries	17,199	25,651	13,397	68,666
Net income (loss)	14,758	23,201	6,330	61,509
Other comprehensive income (loss), net of tax	16,709	(5,916)	13,681	44,413
Comprehensive (loss) income	$ 31,467	$ 17,285	$ 20,011	$ 105,922

Uncategorized Items - fbp-20150

Label	Element	Value
Due From Banks	us-gaap_DueFromBanks	$ 742,251
Due From Banks	us-gaap_DueFromBanks	$ 953,038