FIRST BANCORP. (Holding Company Only) Financial Information (Tables)

3 Months Ended

Sep. 30, 2014

Statements of Financial Condition

Statements of Financial Condition
	As of September 30,			As of December 31,
	2014		2013
	(In thousands)
Assets
Cash and due from banks	$	29,990	$	31,957
Money market investments		6,111		6,111
Investment securities available for sale, at market:
Equity investments		14		33
Other investment securities		285		285
Loans held for investment, net		333		356
Investment in First Bank Puerto Rico, at equity		1,516,603		1,403,612
Investment in First Bank Insurance Agency, at equity		11,537		9,834
Investment in FBP Statutory Trust I		3,093		3,093
Investment in FBP Statutory Trust II		3,866		3,866
Other assets		4,683		4,101
Total assets	$	1,576,515	$	1,463,248
Liabilities and Stockholders' Equity
Liabilities:
Other borrowings	$	231,959	$	231,959
Accounts payable and other liabilities		20,399		15,431
Total liabilities		252,358		247,390
Stockholders' equity		1,324,157		1,215,858
Total liabilities and stockholders' equity	$	1,576,515	$	1,463,248

Statements of Income (Loss)

	Quarter Ended				Nine-Month Period Ended
	September 30,				September 30,
	2014		2013		2014		2013
	(In thousands)				(In thousands)
Income:
Interest income on money market investments	$	5	$	5	$	15	$	16
Other income		55		54		163		178
		60		59		178		194
Expense:
Notes payable and other borrowings		1,818		1,790		5,365		5,299
Other operating expenses		693		2,484		1,967		5,093
		2,511		4,274		7,332		10,392
Impairment on equity securities		-		-		0		(42)
Loss before income taxes and equity
in undistributed earnings (losses) of subsidiaries		(2,451)		(4,215)		(7,154)		(10,240)
Income tax benefit (provision)		1		-		(3)		-
Equity in undistributed earnings (losses) of subsidiaries		25,651		20,155		68,666		(169,036)
Net income (loss)	$	23,201	$	15,940	$	61,509	$	(179,276)
Other Comprehensive (loss) income, net of tax		(5,916)		(18,343)		44,413		(86,917)
Comprehensive income (loss)	$	17,285	$	(2,403)	$	105,922	$	(266,193)