LOAN PORTFOLIO (Tables)

3 Months Ended

Sep. 30, 2014

Loan Portfolio Held for Investment

		September 30,		December 31,
		2014		2013
(In thousands)
Residential mortgage loans, mainly secured by first mortgages		$	2,819,648	$	2,549,008
Commercial loans:
Construction loans			141,689		168,713
Commercial mortgage loans			1,812,094		1,823,608
Commercial and Industrial loans (1)			2,515,384		2,788,250
Loans to a local financial institution collateralized by
real estate mortgages (2)			-		240,072
Commercial loans			4,469,167		5,020,643
Finance leases			236,115		245,323
Consumer loans			1,790,472		1,821,196
Loans held for investment			9,315,402		9,636,170
Allowance for loan and lease losses			(225,434)		(285,858)
Loans held for investment, net		$	9,089,968	$	9,350,312
(1)	As of September 30, 2014 and December 31, 2013, includes $1.1 billion and $1.2 billion, respectively, of commercial loans that are secured by real estate but are not dependent upon the real estate for repayment.
(2)	On May 30, 2014, FirstBank acquired from Doral Financial Corporation ("Doral") mortgage loans, mainly residential mortgage loans, having an unpaid principal balance of $241.7 million (estimated fair value at acquisition of $226.0 million) in full satisfaction of secured borrowings with a book value of $232.9 million owed by Doral to FirstBank. Refer to Acquired Loans, including Purchased Credit-Impaired ("PCI") loans discussion below for additional information.

Loans Held for Investment on Which Accrual of Interest Income had been Discontinued

Loans held for investment on which accrual of interest income had been discontinued were as follows:
(In thousands)		September 30,		December 31,
		2014		2013
Non-performing loans:
Residential mortgage		$	185,025	$	161,441
Commercial mortgage			169,967		120,107
Commercial and Industrial			130,917		114,833
Construction:
Land			16,262		27,834
Construction-commercial			-		3,924
Construction-residential			13,849		27,108
Consumer:
Auto loans			22,925		21,316
Finance leases			4,501		3,082
Other consumer loans			16,070		15,904
Total non-performing loans held for investment (1) (2) (3)		$	559,516	$	495,549
_______________
(1)	As of September 30, 2014 and December 31, 2013, excludes $54.6 million and $54.8 million, respectively, of non-performing loans held for sale.
(2)	Amount excludes PCI loans with a carrying value of approximately $104.3 million and $4.8 million as of September 30, 2014 and December 31, 2013, respectively, primarily mortgage loans acquired from Doral in the second quarter of 2014, as further discussed below. These loans are not considered non-performing due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analysis.
(3)	Non-performing loans exclude $485.1 million and $425.4 million of Trouble Debt Restructuring loans that are in compliance with modified terms and in accrual status as of September 30, 2014 and December 31, 2013, 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, 2014
(In thousands)																		Current
Residential mortgage:
FHA/VA and other government-guaranteed loans (2) (3) (4)		$	-	$	8,225	$	77,238	$	85,463	$	-	$	68,847	$	154,310	$	77,238
Other residential mortgage loans (4)			-		87,502		201,883		289,385		99,535		2,276,418		2,665,338		16,858
Commercial:
Commercial and Industrial loans			16,775		11,637		149,037		177,449		-		2,337,935		2,515,384		18,120
Commercial mortgage loans (4)			-		7,306		182,498		189,804		3,418		1,618,872		1,812,094		12,531
Construction:
Land (4)			-		401		16,434		16,835		-		40,940		57,775		172
Construction-commercial			-		-		-		-		-		16,330		16,330		-
Construction-residential (4)			-		-		13,849		13,849		-		53,735		67,584		-
Consumer:
Auto loans			83,686		21,352		22,925		127,963		-		966,671		1,094,634		-
Finance leases			10,176		2,490		4,501		17,167		-		218,948		236,115		-
Other consumer loans			7,240		9,335		19,114		35,689		1,360		658,789		695,838		3,044
Total loans held for investment		$	117,877	$	148,248	$	687,479	$	953,604	$	104,313	$	8,257,485	$	9,315,402	$	127,963
_____________
(1)	Includes non-performing loans and accruing loans that are contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges fees until charged-off at 180 days.
(2)	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $41.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of September 30, 2014.
(3)	As of September 30, 2014, includes $24.6 million of defaulted loans collateralizing Government National Mortgage Association ("GNMA") securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans.
(4)	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days amounted to $15.1 million, $179.0 million, $40.5 million, $0.5 million, and $1.7 million, respectively.

As of December 31, 2013		30-59 Days Past Due		60-89 Days Past Due		90 days or more Past Due(1)								Total loans held for investment		90 days past due and still accruing (2)
(In thousands)											Total Past Due		Purchased Credit- Impaired Loans					Current
Residential mortgage:
FHA/VA and other government-guaranteed loans (2) (3) (4)		$	-	$	12,180	$	78,645	$	90,825	$	-	$	104,401	$	195,226	$	78,645
Other residential mortgage loans (4)			-		88,898		172,286		261,184		-		2,092,598		2,353,782		10,845
Commercial:
Commercial and Industrial loans			21,029		5,454		134,233		160,716		-		2,867,606		3,028,322		19,400
Commercial mortgage loans (4)			-		5,428		126,674		132,102		-		1,691,506		1,823,608		6,567
Construction:
Land (4)			-		358		27,871		28,229		-		52,145		80,374		37
Construction-commercial			-		-		3,924		3,924		-		12,907		16,831		-
Construction-residential (4)			-		-		27,108		27,108		-		44,400		71,508		-
Consumer:
Auto loans			79,279		17,944		21,316		118,539		-		993,781		1,112,320		-
Finance leases			10,275		3,536		3,082		16,893		-		228,430		245,323		-
Other consumer loans			11,710		8,691		20,492		40,893		4,791		663,192		708,876		4,588
Total loans held for investment		$	122,293	$	142,489	$	615,631	$	880,413	$	4,791	$	8,750,966	$	9,636,170	$	120,082
____________
(1)	Includes non-performing loans and accruing loans that are contractually delinquent 90 days or more (i.e. FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days.
(2)	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $37.0 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of December 31, 2013.
(3)	As of December 31, 2013, includes $11.5 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans.
(4)	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days amounted to $23.9 million, $166.7 million, $18.4 million, $0.9 million and $2.5 million, respectively.

Corporation's Credit Quality Indicators by Loan

The Corporation’s credit quality indicators by loan type as of September 30, 2014 and December 31, 2013 are summarized below:
		Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness category:
		Substandard		Doubtful		Loss		Total Adversely Classified (1)		Total Portfolio
September 30, 2014
(In thousands)
Commercial mortgage		$	294,134	$	1,710	$	-	$	295,844	$	1,812,094
Construction:
Land			17,648		-		-		17,648		57,775
Construction-commercial			11,790		-		-		11,790		16,330
Construction-residential			13,072		777		-		13,849		67,584
Commercial and Industrial			225,941		5,515		794		232,250		2,515,384
		Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness category:
		Substandard		Doubtful		Loss		Total Adversely Classified (1)		Total Portfolio
December 31, 2013
(In thousands)
Commercial mortgage		$	317,365	$	9,160	$	234	$	326,759	$	1,823,608
Construction
Land			31,777		3,308		52		35,137		80,373
Construction-commercial			16,022		-		-		16,022		16,831
Construction-residential			27,829		2,209		241		30,279		71,509
Commercial and Industrial			205,807		7,998		973		214,778		3,028,322
_________
(1)	Excludes $54.6 million ($7.8 million land, $39.1 million construction-commercial, $0.9 million construction-residential and $6.8 million commercial mortgage) and $54.8 million ($7.8 million land, $39.1 million construction-commercial, $0.9 million construction-residential and $7.0 million commercial mortgage) as of September 30, 2014 and December 31, 2013, respectively, of non-performing loans held for sale.

September 30, 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		$	154,310	$	2,380,778	$	1,071,709	$	231,614	$	678,408
Purchased Credit-Impaired (2)			-		99,535		-		-		1,360
Non-performing			-		185,025		22,925		4,501		16,070
Total		$	154,310	$	2,665,338	$	1,094,634	$	236,115	$	695,838
(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 $41.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of September 30, 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.
December 31, 2013		Consumer Credit Exposure-Credit Risk Profile based on payment activity
			Residential Real-Estate			Consumer
		FHA/VA/ Guaranteed(1)		Other residential loans		Auto		Finance Leases		Other Consumer
(In thousands)
Performing		$	195,226	$	2,192,341	$	1,091,004	$	242,241	$	688,181
Purchased Credit-Impaired (2)			-		-		-		-		4,791
Non-performing			-		161,441		21,316		3,082		15,904
Total		$	195,226	$	2,353,782	$	1,112,320	$	245,323	$	708,876
(1)	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $37.0 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 18 months delinquent, and are no longer accruing interest as of December 31, 2013.
(2)	PCI loans are excluded from non-performing statistics due to the application of the accretion method, 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, 2014
	Recorded Investment		Unpaid Principal Balance		Related Specific Allowance		Year-To-Date Average Recorded Investment		Interest Income Recognized Accrual Basis		Interest Income Recognized Cash Basis		Interest Income Recognized Accrual Basis		Interest Income Recognized Cash Basis
As of September 30, 2014
With no related allowance recorded:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Other residential mortgage loans		88,126		99,529		-		91,683		372		242		829		553
Commercial:
Commercial mortgage loans		103,282		116,016		-		105,065		286		536		1,059		1,512
Commercial and Industrial Loans		44,683		54,955		-		49,686		-		240		-		518
Construction:
Land		1,003		1,072		-		1,009		6		4		18		5
Construction-commercial		-		-		-		-		-		-		-		-
Construction-residential		4,706		4,802		-		4,681		42		2		125		5
Consumer:
Auto loans		-		-		-		-		-		-		-		-
Finance leases		-		-		-		-		-		-		-		-
Other consumer loans		1,641		2,939		-		1,637		5		18		19		41
	$	243,441	$	279,313	$	-	$	253,761	$	711	$	1,042	$	2,050	$	2,634
With an allowance recorded:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Other residential mortgage loans		333,697		371,553		11,658		337,227		3,713		594		10,864		1,799
Commercial:
Commercial mortgage loans		135,050		159,717		14,128		142,484		390		203		1,179		1,126
Commercial and Industrial Loans		196,730		224,723		21,267		197,862		1,897		24		3,033		380
Construction:
Land		11,031		18,929		938		13,517		15		7		42		22
Construction-commercial		11,790		11,790		790		11,944		-		128		-		344
Construction-residential		10,911		14,147		1,208		12,322		-		-		-		-
Consumer:
Auto loans		15,733		15,733		2,388		16,692		264		-		810		-
Finance leases		2,163		2,163		170		2,410		44		-		151		-
Other consumer loans		12,468		13,172		2,737		12,561		537		11		1,192		23
	$	729,573	$	831,927	$	55,284	$	747,019	$	6,860	$	967	$	17,271	$	3,694
Total:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Other residential mortgage loans		421,823		471,082		11,658		428,910		4,085		836		11,693		2,352
Commercial:
Commercial mortgage loans		238,332		275,733		14,128		247,549		676		739		2,238		2,638
Commercial and Industrial Loans		241,413		279,678		21,267		247,548		1,897		264		3,033		898
Construction:
Land		12,034		20,001		938		14,526		21		11		60		27
Construction-commercial		11,790		11,790		790		11,944		-		128		-		344
Construction-residential		15,617		18,949		1,208		17,003		42		2		125		5
Consumer:
Auto loans		15,733		15,733		2,388		16,692		264		-		810		-
Finance leases		2,163		2,163		170		2,410		44		-		151		-
Other consumer loans		14,109		16,111		2,737		14,198		542		29		1,211		64
	$	973,014	$	1,111,240	$	55,284	$	1,000,780	$	7,571	$	2,009	$	19,321	$	6,328

(In thousands)
	Recorded Investments		Unpaid Principal Balance		Related Specific Allowance		Year-To-Date Average Recorded Investment
As of December 31, 2013
With no related allowance recorded:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-
Other residential mortgage loans		220,428		237,709		-		222,617
Commercial:
Commercial mortgage loans		69,484		73,723		-		71,367
Commercial and Industrial Loans		32,418		56,831		-		37,946
Construction:
Land		359		366		-		360
Construction-commercial		-		-		-		-
Construction-residential		14,761		19,313		-		17,334
Consumer:
Auto loans		-		-		-		-
Finance leases		-		-		-		-
Other consumer loans		4,035		4,450		-		3,325
	$	341,485	$	392,392	$	-	$	352,949
With an allowance recorded:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-
Other residential mortgage loans		190,566		212,028		18,125		193,372
Commercial:
Commercial mortgage loans		149,888		163,656		32,189		153,992
Commercial and Industrial Loans		154,686		170,191		26,686		162,786
Construction:
Land		27,711		40,348		10,455		28,906
Construction-commercial		16,022		16,238		8,873		16,157
Construction-residential		13,864		13,973		2,816		13,640
Consumer:
Auto loans		14,121		14,122		1,829		12,937
Finance leases		2,359		2,359		73		2,219
Other consumer loans		8,410		8,919		1,555		8,919
	$	577,627	$	641,834	$	102,601	$	592,928
Total:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-
Other residential mortgage loans		410,994		449,737		18,125		415,989
Commercial:
Commercial mortgage loans		219,372		237,379		32,189		225,359
Commercial and Industrial Loans		187,104		227,022		26,686		200,732
Construction:
Land		28,070		40,714		10,455		29,266
Construction-commercial		16,022		16,238		8,873		16,157
Construction-residential		28,625		33,286		2,816		30,974
Consumer:
Auto loans		14,121		14,122		1,829		12,937
Finance leases		2,359		2,359		73		2,219
Other consumer loans		12,445		13,369		1,555		12,244
	$	919,112	$	1,034,226	$	102,601	$	945,877
Interest income of approximately $8.8 million ($7.4 million on an accrual basis and $1.4 million on a cash basis) and $23.6 million ($19.3 million on an accrual basis and $4.3 million on a cash basis) was recognized on impaired loans for the third quarter and nine-month period ended September 30, 2013, respectively.

Activity for Impaired loans

The following tables show the activity for impaired loans and the related specific reserve for the quarter and nine-month
period ended September 30, 2014:
	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, 2014
	(In thousands)
Specific Reserve:
Balance at beginning of period	$	68,358	$	102,601
Provision for loan losses		18,189		48,631
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 accounted for pursuant to ASC 310-30 as of the May 30, 2014 acquisition date:
(In thousands)
Contractually- required principal and interest	$	275,842
Less: Nonaccretable difference		(86,252)
Cash flows expected to be collected		189,590
Less: Accretable yield		(86,759)
Fair value of loans acquired in 2014	$	102,831

Carrying Value of Acquired Loans

The carrying amount of PCI loans follows:
	September 30,		December 31,
	2014		2013
(In thousands)
Residential mortgage loans	$	99,535	$	-
Commercial mortgage loans		3,418		-
Credit Cards		1,360		4,791
	$	104,313	$	4,791

Accretable Yield

Changes in the accretable yield of PCI loans for the quarter and nine-month period ended September 30, 2014 and 2013 were as follows:
	Quarter ended September 30, 2014		Quarter ended September 30, 2013		Nine month period ended September 30, 2014		Nine month period ended September 30, 2013
(In thousands)
Balance at beginning of period	$	86,147	$	406	$	-	$	2,171
Additions (accretable yield at acquisition
of loans from Doral)		-		-		86,759		-
Accretion recognized in earnings		(1,850)		(406)		(2,462)		(819)
Reclassification to non accretable		-		-		-		(1,352)
Balance at end of period	$	84,297	$	-	$	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, 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		$	23,658	$	6,046	$	282,922	$	-	$	35,820	$	348,446
Commercial Mortgage Loans			29,889		12,837		74,364		-		17,844		134,934
Commercial and Industrial Loans			7,602		80,742		33,051		3,089		49,813		174,297
Construction Loans:
Land			811		203		1,714		-		539		3,267
Construction-residential			6,155		244		3,127		-		434		9,960
Consumer Loans - Auto			-		441		9,292		-		6,000		15,733
Finance Leases			-		437		1,726		-		-		2,163
Consumer Loans - Other			38		155		9,879		509		1,762		12,343
Total Troubled Debt Restructurings (2)		$	68,153	$	101,105	$	416,075	$	3,598	$	112,212	$	701,143
(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 September 30, 2014

		December 31, 2013
(In thousands)		Interest rate below market		Maturity or term extension		Combination of reduction in interest rate and extension of maturity		Forgiveness of principal and/or interest		Other (1)		Total
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans		$	23,428	$	6,059	$	274,562	$	-	$	33,195	$	337,244
Commercial Mortgage Loans			36,543		12,985		83,993		7		20,048		153,576
Commercial and Industrial Loans			12,099		11,341		12,835		3,122		52,554		91,951
Construction Loans:
Land			878		2,012		1,760		-		675		5,325
Construction-commercial			-		-		3,924		-		-		3,924
Construction-residential			6,054		160		3,173		994		513		10,894
Consumer Loans - Auto			-		706		8,350		-		5,066		14,122
Finance Leases			-		1,286		1,072		-		-		2,358
Consumer Loans - Other			227		256		8,638		-		1,743		10,864
Total Troubled Debt Restructurings (2)		$	79,229	$	34,805	$	398,307	$	4,123	$	113,794	$	630,258
(1)	Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation or a combination of the concessions listed in the table.
(2)	Excludes TDRs held for sale amounting to $45.9 million as of December 31, 2013.

Corporation's TDR Activity

The following table presents the Corporation's TDR activity:
(In thousands)	Quarter Ended		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, 2014
		Accrual		Nonaccrual (1) (2)		Total TDRs
Non-FHA/VA Residential Mortgage loans		$	259,749	$	88,697	$	348,446
Commercial Mortgage Loans			72,601		62,333		134,934
Commercial and Industrial Loans			127,178		47,119		174,297
Construction Loans:
Land			972		2,295		3,267
Construction-residential			3,371		6,589		9,960
Consumer Loans - Auto			9,584		6,149		15,733
Finance Leases			1,916		247		2,163
Consumer Loans - Other			9,712		2,631		12,343
Total Troubled Debt Restructurings		$	485,083	$	216,060	$	701,143
(1)	Included in non-accrual loans are $65.8 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 September 30, 2014.

(In thousands)		December 31, 2013
		Accrual		Nonaccrual (1) (2)		Total TDRs
Non- FHA/VA Residential Mortgage loans		$	263,919	$	73,324	$	337,243
Commercial Mortgage Loans			84,419		69,156		153,575
Commercial and Industrial Loans			53,509		38,441		91,950
Construction Loans:
Land			1,000		4,325		5,325
Construction-commercial			-		3,924		3,924
Construction-residential			3,332		7,562		10,894
Consumer Loans - Auto			8,512		5,610		14,122
Finance Leases			2,275		85		2,360
Consumer Loans - Other			8,417		2,448		10,865
Total Troubled Debt Restructurings		$	425,383	$	204,875	$	630,258
(1)	Included in non-accrual loans are $95.7 million in loans that are performing under the terms of the restructuring agreement but are reported in non-accrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and there is no doubt about full collectability.
(2)	Excludes non-accrual TDRs held for sale with a carrying value of $45.9 million as of December 31, 2013.

Schedule Of Troubled Debt Restructurings Table [Text Block]

(Dollars in thousands)	Quarter ended 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

(Dollars in thousands)	Quarter ended September 30, 2013
	Number of contracts	Pre-modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans	140	$	29,530	$	29,984
Commercial Mortgage Loans	15		4,481		4,586
Commercial and Industrial Loans	13		8,528		7,925
Construction Loans:
Land	3		133		136
Consumer Loans - Auto	149		2,006		2,006
Finance Leases	16		334		334
Consumer Loans - Other	271		1,118		1,118
Total Troubled Debt Restructurings	607	$	46,130	$	46,089
(Dollars in thousands)	Nine-Month period ended September 30, 2013
	Number of contracts	Pre-modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans	253	$	42,628	$	43,106
Commercial Mortgage Loans	16		4,972		5,077
Commercial and Industrial Loans	21		76,579		50,588
Construction Loans:
Land	7		341		344
Construction-residential	1		195		195
Consumer Loans - Auto	434		5,874		5,874
Finance Leases	54		1,063		1,063
Consumer Loans - Other	1,001		4,440		4,440
Total Troubled Debt Restructurings	1,787	$	136,092	$	110,687

Loan Modifications Considered Troubled Debt Restructurings Defaulted

	Quarter ended September 30,
(Dollars in thousands)	2014			2013
	Number of contracts	Recorded Investment		Number of contracts	Recorded Investment
Non-FHA/VA Residential Mortgage loans	12	$	1,950	11	$	1,934
Commercial Mortgage Loans	2		4,604	-		-
Commercial and Industrial Loans	1		377	-		-
Construction Loans:
Consumer Loans - Auto	21		347	-		-
Consumer Loans - Other	64		262	-		-
Finance Leases	4		82	1		18
Total	104	$	7,622	12	$	1,952

	Nine-Month Period Ended September 30,
(Dollars in thousands)	2014			2013
	Number of contracts	Recorded Investment		Number of contracts	Recorded Investment
Non-FHA/VA Residential Mortgage loans	45	$	6,769	75	$	11,549
Commercial Mortgage Loans	2		4,604	1		46,102
Commercial and Industrial Loans	1		377	2		3,829
Construction Loans:
Land	1		46	2		66
Construction-residential	-		-	1		186
Consumer Loans - Auto	43		672	7		54
Consumer Loans - Other	162		643	40		219
Finance Leases	4		82	3		38
Total	258	$	13,193	131	$	62,043

Loan Restructuring and Effect on Allowance for Loan and Lease Losses

(In thousands)	September 30, 2014			September 30, 2013
Principal balance deemed collectible at end of period	$	59,764	$	90,914
Amount (recovery) charged off	$	(7,732)	$	25,389
(Reductions) charges to the provision for loan losses	$	(8,719)	$	567
Allowance for loan losses at end of period	$	575	$	1,588

Past Due Purchased Credit Impaired Table [Text Block]

The following tables present PCI loans by past due status as of September 30, 2014 and December 31, 2013:
As of September 30, 2014		30-59 Days		60-89 Days		90 days or more		Total Past Due				Total PCI loans
(In thousands)														Current
Residential mortgage loans (1)		$	-	$	11,210	$	14,963	$	26,173	$	73,362	$	99,535
Commercial mortgage loans (1)			-		290		497		787		2,631		3,418
Credit Cards			79		48		113		240		1,120		1,360
		$	79	$	11,548	$	15,573	$	27,200	$	77,113	$	104,313
_____________
(1)	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage and commercial mortgage loans are considered past due when the borrower is in arrears two or more monthly payments. PCI residential mortgage loans and commercial mortgage loans past due 30-59 days amounted to $16.8 million and $0.7 million, respectively.
As of December 31, 2013		30-59 Days		60-89 Days		90 days or more		Total Past Due				Total PCI loans
(In thousands)														Current
Credit Cards		$	377	$	354	$	573	$	1,304	$	3,487	$	4,791

Changes In Carrying Amount Of Purchased Credit Impaired Loans Table [Text Block]

Changes in the carrying amount of loans accounted for pursuant to ASC 310-30 follows:
		Quarter Ended		Nine-Month Period Ended
			September 30, 2014		September 30, 2014
(In thousands)
Balance at beginning of period (1)		$	105,619	$	4,791
Additions (2)			-		102,831
Accretion			1,850		2,462
Collections and charge-offs			(3,156)		(5,771)
Ending balance		$	104,313	$	104,313
(1)	For the nine month period ended September 30, 2014, the beginning balance relates to PCI loans acquired as part of the credit card portfolio purchased in the second quarter of 2012.
(2)	Represents the estimated fair value of the PCI loans acquired from Doral at the date of acquisition.