XML 154 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Interest incomeand divided income:      
Loans $ 579,176us-gaap_InterestAndFeeIncomeLoansAndLeases $ 590,334us-gaap_InterestAndFeeIncomeLoansAndLeases $ 590,656us-gaap_InterestAndFeeIncomeLoansAndLeases
Investment securities 52,881us-gaap_InterestAndDividendIncomeSecurities 53,527us-gaap_InterestAndDividendIncomeSecurities 45,294us-gaap_InterestAndDividendIncomeSecurities
Money market investments 1,892us-gaap_OtherInterestAndDividendIncome 1,927us-gaap_OtherInterestAndDividendIncome 1,827us-gaap_OtherInterestAndDividendIncome
Total interest income 633,949us-gaap_InterestAndDividendIncomeOperating 645,788us-gaap_InterestAndDividendIncomeOperating 637,777us-gaap_InterestAndDividendIncomeOperating
Interest expense:      
Deposits 78,127us-gaap_InterestExpenseDeposits 91,787us-gaap_InterestExpenseDeposits 128,259us-gaap_InterestExpenseDeposits
Securities sold under agreements to repurchase 26,989us-gaap_InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase 25,933us-gaap_InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase 28,432us-gaap_InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
Advances from FHLB 3,561us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm 6,031us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm 12,142us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
Notes payable and other borrowings 7,199us-gaap_InterestExpenseOtherLongTermDebt 7,092us-gaap_InterestExpenseOtherLongTermDebt 7,239us-gaap_InterestExpenseOtherLongTermDebt
Total interest expense 115,876us-gaap_InterestExpense 130,843us-gaap_InterestExpense 176,072us-gaap_InterestExpense
Net interest income 518,073us-gaap_InterestIncomeExpenseNet 514,945us-gaap_InterestIncomeExpenseNet 461,705us-gaap_InterestIncomeExpenseNet
Provision for loan and lease losses 109,530us-gaap_ProvisionForLoanAndLeaseLosses 243,751us-gaap_ProvisionForLoanAndLeaseLosses 120,499us-gaap_ProvisionForLoanAndLeaseLosses
Net interest income after provision for loan and lease losses 408,543us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 271,194us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 341,206us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Non-interest income:      
Service charges on deposit accounts 16,709us-gaap_FeesAndCommissionsDepositorAccounts 16,974us-gaap_FeesAndCommissionsDepositorAccounts 18,373us-gaap_FeesAndCommissionsDepositorAccounts
Mortgage banking activities 14,685us-gaap_FeesAndCommissionsMortgageBankingAndServicing 16,830us-gaap_FeesAndCommissionsMortgageBankingAndServicing 19,960us-gaap_FeesAndCommissionsMortgageBankingAndServicing
Net gain on sale of investments 262us-gaap_GainLossOnSaleOfSecuritiesNet (42)us-gaap_GainLossOnSaleOfSecuritiesNet 36us-gaap_GainLossOnSaleOfSecuritiesNet
Other-than-temporary impairment losses on investment securities:      
Total other-than-temporary impairment losses 0us-gaap_ImpairmentOfInvestments 0us-gaap_ImpairmentOfInvestments 0us-gaap_ImpairmentOfInvestments
Portion of loss previously recognized in other comprehensive income (388)fbp_PortionOfOtherThanTemporaryImpairmentLossesRecognizedInOtherComprehensiveIncome (117)fbp_PortionOfOtherThanTemporaryImpairmentLossesRecognizedInOtherComprehensiveIncome (2,002)fbp_PortionOfOtherThanTemporaryImpairmentLossesRecognizedInOtherComprehensiveIncome
Net impairment losses on investment securities (388)us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsPeriodIncreaseDecrease (117)us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsPeriodIncreaseDecrease (2,002)us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsPeriodIncreaseDecrease
Loss on early extinguishment of borrowings 0us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Equity in losses of unconsolidated entities (7,279)us-gaap_IncomeLossFromEquityMethodInvestments (16,691)us-gaap_IncomeLossFromEquityMethodInvestments (19,256)us-gaap_IncomeLossFromEquityMethodInvestments
Insurance income 6,868us-gaap_InsuranceInvestmentIncome 5,955us-gaap_InsuranceInvestmentIncome 5,549us-gaap_InsuranceInvestmentIncome
Impairment of collateral pledged to Lehman 0us-gaap_LossContingencyLossInPeriod (66,574)us-gaap_LossContingencyLossInPeriod 0us-gaap_LossContingencyLossInPeriod
Other non-interest income 30,491us-gaap_NoninterestIncomeOtherOperatingIncome 28,176us-gaap_NoninterestIncomeOtherOperatingIncome 26,731us-gaap_NoninterestIncomeOtherOperatingIncome
Total non-interest income 61,348us-gaap_NoninterestIncome (15,489)us-gaap_NoninterestIncome 49,391us-gaap_NoninterestIncome
Non-interest expenses:      
Employees' compensation and benefits 135,422us-gaap_LaborAndRelatedExpense 130,815us-gaap_LaborAndRelatedExpense 125,329us-gaap_LaborAndRelatedExpense
Occupancy and equipment 58,290us-gaap_OccupancyNet 60,746us-gaap_OccupancyNet 60,927us-gaap_OccupancyNet
Business promotion 16,531us-gaap_MarketingAndAdvertisingExpense 15,977us-gaap_MarketingAndAdvertisingExpense 14,093us-gaap_MarketingAndAdvertisingExpense
Professional fees 47,940us-gaap_ProfessionalFees 49,444us-gaap_ProfessionalFees 28,337us-gaap_ProfessionalFees
Taxes, other than income taxes 18,089us-gaap_TaxesExcludingIncomeAndExciseTaxes 18,109us-gaap_TaxesExcludingIncomeAndExciseTaxes 13,473us-gaap_TaxesExcludingIncomeAndExciseTaxes
Insurance and supervisory fees 39,131fbp_InsuranceAndSupervisoryFees 48,470fbp_InsuranceAndSupervisoryFees 52,596fbp_InsuranceAndSupervisoryFees
Net loss on real estate owned (REO) and REO operations 20,596fbp_NetLossOnRealEstateOwnedOperations 42,512fbp_NetLossOnRealEstateOwnedOperations 25,116fbp_NetLossOnRealEstateOwnedOperations
Credit And Debit Processing Fees 15,449fbp_CreditAndDebitProcessingFees 12,909fbp_CreditAndDebitProcessingFees 6,005fbp_CreditAndDebitProcessingFees
Communications 7,766us-gaap_CommunicationsAndInformationTechnology 7,401us-gaap_CommunicationsAndInformationTechnology 7,085us-gaap_CommunicationsAndInformationTechnology
Other non-interest expenses 19,039us-gaap_OtherNoninterestExpense 28,645us-gaap_OtherNoninterestExpense 21,922us-gaap_OtherNoninterestExpense
Total non-interest expenses 378,253us-gaap_NoninterestExpense 415,028us-gaap_NoninterestExpense 354,883us-gaap_NoninterestExpense
Income (loss) before income taxes 91,638us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (159,323)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 35,714us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 300,649us-gaap_IncomeTaxExpenseBenefit (5,164)us-gaap_IncomeTaxExpenseBenefit (5,932)us-gaap_IncomeTaxExpenseBenefit
Net income (loss) 392,287us-gaap_NetIncomeLoss (164,487)us-gaap_NetIncomeLoss 29,782us-gaap_NetIncomeLoss
Net income (loss) attributable to common stockholders - basic 393,946us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic (164,487)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 29,782us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Net income (loss) attributable to common stockholders - diluted $ 393,946us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted $ (164,487)us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted $ 29,782us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted
Net income (loss) per common share:      
Basic $ 1.89us-gaap_EarningsPerShareBasic $ (0.80)us-gaap_EarningsPerShareBasic $ 0.15us-gaap_EarningsPerShareBasic
Diluted $ 1.87us-gaap_EarningsPerShareDiluted $ (0.80)us-gaap_EarningsPerShareDiluted $ 0.14us-gaap_EarningsPerShareDiluted
Dividends declared per common share $ 0us-gaap_CommonStockDividendsPerShareDeclared $ 0us-gaap_CommonStockDividendsPerShareDeclared $ 0us-gaap_CommonStockDividendsPerShareDeclared