XML 82 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Financial Condition (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 767,471us-gaap_CashAndDueFromBanks $ 779,147us-gaap_CashAndDueFromBanks
Money market investments:    
Time deposits with other financial institutions 300us-gaap_InterestBearingDepositsInBanks 300us-gaap_InterestBearingDepositsInBanks
Other short-term investments 216,665us-gaap_CashEquivalentsAtCarryingValue 16,661us-gaap_CashEquivalentsAtCarryingValue
Total money market investments 216,965us-gaap_MoneyMarketFundsAtCarryingValue 16,961us-gaap_MoneyMarketFundsAtCarryingValue
Investment securities available for sale, at fair value:    
Securities pledged that can be repledged 1,001,725us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral 1,025,966us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral
Other investment securities 972,501fbp_OtherInvestmentSecuritiesAvailableForSale 939,700fbp_OtherInvestmentSecuritiesAvailableForSale
Total investment securities available for sale 1,974,226us-gaap_AvailableForSaleSecurities 1,965,666us-gaap_AvailableForSaleSecurities
Other equity securities 26,185us-gaap_SecuritiesOwnedNotReadilyMarketable 25,752us-gaap_SecuritiesOwnedNotReadilyMarketable
Investment in unconsolidated entities 0us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures 0us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
Loans, net of allowance for loan and lease losses of $301,047 (2012 - $435,414) 9,259,308us-gaap_LoansAndLeasesReceivableNetReportedAmount 9,040,041us-gaap_LoansAndLeasesReceivableNetReportedAmount
Loans held for sale, at lower of cost or market 81,723us-gaap_LoansReceivableHeldForSaleNet 76,956us-gaap_LoansReceivableHeldForSaleNet
Total loans, net 9,341,031us-gaap_LoansReceivableNet 9,116,997us-gaap_LoansReceivableNet
Premises and equipment, net 166,799us-gaap_PropertyPlantAndEquipmentNet 166,926us-gaap_PropertyPlantAndEquipmentNet
Other real estate owned 122,628us-gaap_OtherRealEstateAndForeclosedAssets 124,003us-gaap_OtherRealEstateAndForeclosedAssets
Accrued interest receivable on loans and investments 49,302us-gaap_InterestReceivable 50,796us-gaap_InterestReceivable
Other assets 483,312us-gaap_OtherAssets 481,587us-gaap_OtherAssets
Total assets 13,147,919us-gaap_Assets 12,727,835us-gaap_Assets
LIABILITIES    
Non-interest-bearing deposits 1,175,943us-gaap_NoninterestBearingDepositLiabilities 900,616us-gaap_NoninterestBearingDepositLiabilities
Interest-bearing deposits 8,665,095us-gaap_InterestBearingDepositLiabilities 8,583,329us-gaap_InterestBearingDepositLiabilities
Total deposits 9,841,038us-gaap_Deposits 9,483,945us-gaap_Deposits
Securities sold under agreements to repurchase 900,000us-gaap_SecuritiesSoldUnderAgreementsToRepurchase [1] 900,000us-gaap_SecuritiesSoldUnderAgreementsToRepurchase [1]
Advances from the Federal Home Loan Bank (FHLB) 325,000us-gaap_AdvancesFromFederalHomeLoanBanks 325,000us-gaap_AdvancesFromFederalHomeLoanBanks
Other borrowings 231,959us-gaap_JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust 231,959us-gaap_JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
Accounts payable and other liabilities 144,172us-gaap_OtherLiabilities 115,188us-gaap_OtherLiabilities
Total liabilities 11,442,169us-gaap_Liabilities 11,056,092us-gaap_Liabilities
Preferred stock, authorized 50,000,000 shares:    
Non-cumulative Perpetual Monthly Income Preferred Stock: issued - 22,004,000 shares, outstanding 2,521,872 shares, aggregate liquidation value of $63,047 36,104us-gaap_PreferredStockValue 36,104us-gaap_PreferredStockValue
Common stock, $0.10 par value, authorized, 2,000,000,000 shares; issued, 207,514,167 shares (2012 - 206,730,318 shares issued) 21,462us-gaap_CommonStockValue 21,372us-gaap_CommonStockValue
Less: Treasury stock (at par value) (79)us-gaap_TreasuryStockValue (74)us-gaap_TreasuryStockValue
Common stock outstanding, 206,982,105 shares outstanding (2012 - 206,235,465 shares 21,383us-gaap_CommonStockValueOutstanding 21,298us-gaap_CommonStockValueOutstanding
Additional paid-in capital 917,203us-gaap_AdditionalPaidInCapital 916,067us-gaap_AdditionalPaidInCapital
Retained earnings 742,271us-gaap_RetainedEarningsAccumulatedDeficit 716,625us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive (loss) income, net of tax expense of $8,171 (2012 - $7,749) (11,211)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (18,351)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total stockholders' equity 1,705,750us-gaap_StockholdersEquity 1,671,743us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 13,147,919us-gaap_LiabilitiesAndStockholdersEquity $ 12,727,835us-gaap_LiabilitiesAndStockholdersEquity
[1] As of March 31, 2015, includes $800 million with an average rate of 2.71% that lenders have the right to call before their contractual maturities at various dates beginning on April 9, 2015. Subsequent to April 9, 2015, no lender has exercised its call option on repurchase agreements. In addition, $700 million is tied to variable rates.