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FAIR VALUE (Tables)
 12 Months Ended
Dec. 31, 2014
Assets and Liabilities Measured at Fair Value on Recurring Basis [Table Text Block]
Assets and liabilities measures at fair value on a recurring basis are summarized below:
                        
 As of December 31, 2014 As of December 31, 2013
 Fair Value Measurements Using  Fair Value Measurements Using
(In thousands)Level 1 Level 2 Level 3 Assets/Liabilities at Fair Value Level 1 Level 2 Level 3 Assets/Liabilities at Fair Value
                        
Assets:                       
Securities available for sale :                       
Equity securities$ - $ - $ - $ - $ 33 $ - $ - $ 33
U.S. Treasury Securities  7,499   -   -   7,499   7,499   -   -   7,499
Noncallable U.S. agency debt  -   228,157   -   228,157   -   200,903   -   200,903
Callable U.S. agency debt and MBS  -   1,653,140   -   1,653,140   -   1,677,651   -   1,677,651
Puerto Rico government obligations  -   40,658   2,564   43,222   -   48,904   2,426   51,330
Private label MBS  -   -   33,648   33,648   -   -   40,866   40,866
Derivatives, included in assets:                       
Interest rate swap agreements  -   33   -   33   -   162   -   162
Purchased interest rate cap agreements  -   6   -   6   -   58   -   58
Forward contracts  -   -   -   -   -   174   -   174
Liabilities:                       
Derivatives, included in liabilities:                       
Interest rate swap agreements   -   33   -   33   -   3,965   -   3,965
Written interest rate cap agreement  -   6   -   6   -   58   -   58
Forward contracts  -   148   -   148   -   -   -   -
                        
Schedule of Changes in Fair Value [Table Text Block]
          
  The table below presents a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended December 31, 2014, 2013, and 2012:
          
  2014 2013 2012
 Level 3 Instruments Only (In thousands)Securities Available for Sale (1) Securities Available for Sale (1) Securities Available for Sale (1)
 Beginning balance$ 43,292 $ 54,617 $ 65,463
  Total gain (losses) (realized/unrealized):        
  Included in earnings  (388)   (117)   (2,002)
  Included in other comprehensive income  2,404   2,795   6,036
  Held-to-maturity investment securities         
  Purchases  5,123   -   -
  Sales  (4,855)   -   (1,450)
  Principal repayments and amortization  (9,364)   (14,003)   (13,430)
 Ending balance$ 36,212 $ 43,292 $ 54,617
          
 ___________________        
(1) Amounts mostly related to private label mortgage-backed securities.
          
Impairment or Valuation Adjustments were Recorded for Assets Recognized at Fair Value [Table Text Block]
  As of December 31, 2014, impairment or valuation adjustments were recorded for assets recognized at fair value on a non-recurring basis as shown in the following table:
             
   Carrying value as of December 31, 2014 (Losses) Gain recorded for the Year Ended December 31, 2014
  Level 1 Level 2 Level 3   
   (In thousands)   
             
 Loans receivable (1)$ - $ - $ 446,816 $ (43,318)
 OREO (2)  -   -   124,003   (9,656)
 Mortgage servicing rights (3)  -   -   22,838   (228)
 Loans Held for Sale (4)  -   -   54,641   -
             
(1) Mainly impaired commercial and construction loans. The impairment was generally measured based on the fair value of the
  collateral. The fair values were derived from external appraisals that take into consideration prices in observed transactions
  involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral
  (e.g., absorption rates), which are not market observable.
(2) The fair value was derived from appraisals that take into consideration prices in observed transactions involving similar
  assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g., absorption
  rates and net operating income of income producing properties), which are not market observable. Losses
  were related to market valuation adjustments after the transfer of the loans to the OREO portfolio.
(3) Fair value adjustments to mortgage servicing rights were mainly due to assumptions associated with mortgage
  prepayment rates. The Corporation carries its mortgage servicing rights at the lower of cost or market, measured at
  fair value on a non-recurring basis. Assumptions for the value of mortgage servicing rights include: Prepayment rate
  9.74%, Discount rate 10.60%.
(4) The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans, and for
  loans with signed sale agreements, the value was determined based on the sales price on such agreements.

  As of December 31, 2013, impairment or valuation adjustments were recorded for assets recognized at fair value on a nonrecurring basis as shown in the following table:
             
  Carrying value as of December 31, 2013 (Losses) Gain recorded for the Year Ended December 31, 2013
  Level 1 Level 2 Level 3   
   (In thousands)   
             
 Loans receivable (1)$ - $ - $ 465,191 $ (13,928)
 OREO (2)  -   -   160,193   (25,698)
 Mortgage servicing rights (3)  -   -   21,987   460
 Loans Held For Sale (4)  -   -   54,801   (338)
             
(1) Mainly impaired commercial and construction loans. The impairment was generally measured based on the fair value of the
  collateral. The fair values were derived from external appraisals that take into consideration prices in observed transactions
  involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g.,
  absorption rates), which are not market observable.
(2) The fair value was derived from appraisals that take into consideration prices in observed transactions involving similar assets in
  similar locations but adjusted for specific characteristics and assumptions of the properties (e.g., absorption rates and net operating
  income of income producing properties), which are not market observable. Losses were related to market valuation adjustments
  after the transfer of the loans to the OREO portfolio.
(3) Fair value adjustments to the mortgage servicing rights were mainly due to assumptions associated with mortgage prepayments
  rates. The Corporation carries its mortgage servicing rights at the lower of cost or market, measured at fair value on a non-
  recurring basis. Assumptions for the value of mortgage servicing rights include: Prepayment rate 8.90%, Discount rate 10.60%.
(4) The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans, and for loans
  with signed sale agreements, the value was determined based on the sales price on such agreements.
             

  As of December 31, 2012, impairment or valuation adjustments were recorded for assets recognized at fair value on a nonrecurring basis as shown in the following table:
             
  Carrying value as of December 31, 2012 (Losses) Gain recorded for the Year Ended December 31, 2012
  Level 1 Level 2 Level 3   
   (In thousands)   
             
 Loans receivable (1)$ - $ - $ 757,152 $ (110,457)
 OREO (2)  -   -   185,764   (8,851)
 Mortgage servicing rights (3)  -   -   17,524   (394)
 Loans Held For Sale (4)  -   -   2,641   (2,168)
             
(1) Mainly impaired commercial and construction loans. The impairment was generally measured based on the fair value of the
  collateral. The fair values were derived from external appraisals that take into consideration prices in observed transactions
  involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g.,
  absorption rates), which are not market observable.           
(2) The fair value was derived from appraisals that take into consideration prices in observed transactions involving similar assets in
  similar locations but adjusted for specific characteristics and assumptions of the properties (e.g., absorption rates and net operating
  income of income producing properties), which are not market observable. Losses were related to market valuation adjustments
  after the transfer of the loans to the OREO portfolio.
(3) Fair value adjustments to the mortgage servicing rights were mainly due to assumptions associated with mortgage prepayments
  rates. The Corporation carries its mortgage servicing rights at the lower of cost or market, measured at fair value on a non-recurring
  basis. Assumptions for the value of mortgage servicing rights include: Prepayment rate 11.15%, Discount rate 12.08%.
(4) Relates to $5.2 million Commercial and Industrial and Commercial Mortgage Loans transferred to held for sale during the fourth
  quarter of 2012, which were recorded at a value of $2.6 million.
             
Estimated Fair Value and Carrying Value of Financial Instruments [Table Text Block]
The following table presents the estimated fair value and carrying value of financial instruments as of December 31, 2014 and 2013:
               
 Total Carrying Amount in Statement of Financial Condition December 31, 2014 Fair Value Estimate December 31, 2014 Level 1 Level 2 Level 3
               
 (In thousands)
               
Assets:              
Cash and due from banks and money               
market investments$ 796,108 $ 796,108 $ 796,108 $ - $ -
Investment securities available               
for sale  1,965,666   1,965,666   7,499   1,921,955   36,212
Other equity securities  25,752   25,752   -   25,752   -
Loans held for sale  76,956   77,888   -   23,247   54,641
Loans, held for investment  9,262,436            
Less: allowance for loan and lease losses  (222,395)            
Loans held for investment, net of               
allowance$ 9,040,041   8,844,659   -   -   8,844,659
Derivatives included in assets  39   39   -   39   -
               
Liabilities:              
Deposits  9,483,945   9,486,325   -   9,486,325   -
Securities sold under agreements to               
repurchase  900,000   958,715   -   958,715   -
Advances from FHLB  325,000   324,376   -   324,376   -
Other borrowings  231,959   162,344   -   -   162,344
Derivatives included in liabilities  187   187   -   187   -
               

 Total Carrying Amount in Statement of Financial Condition December 31, 2013 Fair Value Estimate December 31, 2013  Level 1  Level 2  Level 3
               
 (In thousands)
               
Assets:              
Cash and due from banks and money               
market investments$ 655,671 $ 655,671 $ 655,671 $ - $ -
Investment securities available               
for sale  1,978,282   1,978,282   7,532   1,927,458   43,292
Other equity securities  28,691   28,691   -   28,691   -
Loans held for sale  75,969   76,684   -   21,883   54,801
Loans, held for investment  9,636,170            
Less: allowance for loan and lease               
losses  (285,858)            
Loans held for investment, net of               
allowance$ 9,350,312   9,127,234   -   -   9,127,234
Derivatives included in assets  394   394   -   394   -
               
Liabilities:              
Deposits  9,879,924   9,898,615   -   9,898,615   -
Securities sold under agreements to              
repurchase  900,000   976,151   -   976,151   -
Advances from FHLB  300,000   297,523   -   297,523   -
Other borrowings  231,959   106,772   -   -   106,772
Derivatives included in liabilities  4,023   4,023   -   4,023   -
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
Qualitative information regarding the fair value measurements for Level 3 financial instruments are as follows:
    
 December 31, 2014
 Method Inputs
LoansIncome, Market, Comparable Sales, Discounted Cash Flows External appraised values; probability weighting of broker price opinions; management assumptions regarding market trends or other relevant factors
OREOIncome, Market, Comparable Sales, Discounted Cash Flows External appraised values; probability weighting of broker price opinions; management assumptions regarding market trends or other relevant factors
Mortgage servicing rightsDiscounted Cash Flows Weighted average prepayment rate of 9.74%; weighted average discount rate of 10.60%
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]
The table below presents qualitative information for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of December 31, 2014:
         
 December 31, 2014
(In thousands)Fair Value Valuation Technique Unobservable Input Range
         
Investment securities available for sale:
         
Private label MBS$ 33,648 Discounted cash flows Discount rate 14.5%
         
      Prepayment rate 19.89% -100% (Weighted Average 32%)
      Projected Cumulative Loss Rate 0.64% - 80.0% (Weighted Average 7.9%)
         
         
Puerto Rico Government Obligations  2,564 Discounted cash flows Prepayment rate 5.61%
         
         
Schedule Of Changes In Unrealized Gains Losses [Table Text Block]
The table below summarizes changes in unrealized gains and losses recorded in earnings for the years ended December 31, 2014, 2013, and 2012 for Level 3 assets and liabilities that are still held at the end of each year:
         
 Changes in Unrealized Losses (Year Ended December 31, 2014) Changes in Unrealized Losses (Year Ended December 31, 2013) Changes in Unrealized Losses (Year Ended December 31, 2012)
Level 3 Instruments Only Securities Available for Sale  Securities Available for Sale Securities Available for Sale
(In thousands)        
Changes in unrealized losses relating to assets         
still held at reporting date:        
Net impairment losses on available-for-sale investment        
securities (credit component)$ (388) $ (117) $ (2,002)