INTEREST AND DIVIDEND ON INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2014

Interest and Dividend on Investments [Abstract]

Schedule of of interest on investments and FHLB dividend income [Table Text Block]

		Year Ended December 31,
		2014		2013		2012
	(In thousands)
Mortgage-backed securities:
Taxable	$	16,303	$	19,566	$	23,989
Exempt		28,606		25,955		11,543
		44,909		45,521		35,532
PR government obligations, U.S. Treasury securities, and U.S.
government agencies:
Taxable		1,357		1,218		1,468
Exempt		5,446		5,429		6,785
		6,803		6,647		8,253
Equity securities:
Taxable		-		-		6
Other investment securities (including FHLB dividends)
Taxable		1,169		1,359		1,503
Total interest income on investment securities		52,881		53,527		45,294
Interest on money market instruments:
Taxable		1,734		1,231		1,137
Exempt		158		696		690
Total interest income on money market instruments		1,892		1,927		1,827
Total interest and dividend income on investments and money
market instruments	$	54,773	$	55,454	$	47,121

Schedule of components of interest and dividend income on investments [Table Text Block]

The following table summarizes the components of interest and dividend income on investments:
		Year Ended December 31,
		2014	2013		2012
	(In thousands)
Interest income on investment securities and money
market investments	$	53,604	$	54,095	$	45,694
Dividends on FHLB stock		1,169		1,359		1,427
Total interest income and dividends on investments	$	54,773	$	55,454	$	47,121