Pledged Assets	6 Months Ended
Jun. 30, 2011
Pledged Assets [Abstract]
PLEDGED ASSETS	NOTE 4 — PLEDGED ASSETS At June 30, 2011, commercial loans and residential mortgage loans amounting to $24.3 million and $577.5 million, respectively, were pledged to secure advances and borrowings from the Federal Home Loan Bank (“FHLB”). Investment securities with fair values totaling $3.8 billion, $72.5 million and $49.7 million at June 30, 2011, were pledged to secure securities sold under agreements to repurchase, Puerto Rico public fund deposits and deposits of the Puerto Rico Cash & Money Market Fund, respectively. Also, at June 30, 2011, investment securities with fair values totaling $32.3 million were pledged against interest rate swaps contracts, while others with fair values of $125 thousand were pledged as a bond for the Bank’s trust operations to the OCFI. At December 31, 2010, residential mortgage loans amounting to $512.0 million were pledged to secure advances and borrowings from the FHLB. Investment securities with fair values totaling $3.8 billion, $73.4 million, $19.1 million, and $47.5 million at December 31, 2010, were pledged to secure securities sold under agreements to repurchase, Puerto Rico public fund deposits, Federal Reserve Bank of New York advances, and deposits of the Puerto Rico Cash & Money Market Fund, respectively. Also, at December 31, 2010, investment securities with fair values totaling $9.9 million were pledged against interest rate swaps contracts, while others with fair values of $124 thousand were pledged as a bond for the Bank’s trust operations to the OCFI. As of June 30, 2011, and December 31, 2010, investment securities available-for-sale not pledged amounted to $492.7 million and $422.1 million, respectively. As of June 30, 2011, and December 31, 2010, mortgage loans not pledged amounted to $462.5 million and $394.4 million, respectively. As of June 30, 2011, commercial loans not pledged amounted to $586.0 million; there were no commercial loans pledged as of December 31, 2010.

NOTE 4 — PLEDGED ASSETS

At June 30, 2011, commercial loans and residential mortgage loans amounting to $24.3 million and $577.5 million, respectively, were pledged to secure advances and borrowings from the Federal Home Loan Bank (“FHLB”). Investment securities with fair values totaling $3.8 billion, $72.5 million and $49.7 million at June 30, 2011, were pledged to secure securities sold under agreements to repurchase, Puerto Rico public fund deposits and deposits of the Puerto Rico Cash & Money Market Fund, respectively. Also, at June 30, 2011, investment securities with fair values totaling $32.3 million were pledged against interest rate swaps contracts, while others with fair values of $125 thousand were pledged as a bond for the Bank’s trust operations to the OCFI. At December 31, 2010, residential mortgage loans amounting to $512.0 million were pledged to secure advances and borrowings from the FHLB. Investment securities with fair values totaling $3.8 billion, $73.4 million, $19.1 million, and $47.5 million at December 31, 2010, were pledged to secure securities sold under agreements to repurchase, Puerto Rico public fund deposits, Federal Reserve Bank of New York advances, and deposits of the Puerto Rico Cash & Money Market Fund, respectively. Also, at December 31, 2010, investment securities with fair values totaling $9.9 million were pledged against interest rate swaps contracts, while others with fair values of $124 thousand were pledged as a bond for the Bank’s trust operations to the OCFI.

As of June 30, 2011, and December 31, 2010, investment securities available-for-sale not pledged amounted to $492.7 million and $422.1 million, respectively. As of June 30, 2011, and December 31, 2010, mortgage loans not pledged amounted to $462.5 million and $394.4 million, respectively. As of June 30, 2011, commercial loans not pledged amounted to $586.0 million; there were no commercial loans pledged as of December 31, 2010.