LOAN PORTFOLIO (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2015

Dec. 31, 2013

Loan Portfolio Held for Investment

		March 31,		December 31,
			2015		2014
(In thousands)
Residential mortgage loans, mainly secured by first mortgages		$	3,331,620	$	3,011,187
Commercial loans:
Construction loans			124,440		123,480
Commercial mortgage loans			1,649,263		1,665,787
Commercial and Industrial loans (1)			2,442,867		2,479,437
Loans to local financial institution collateralized by
Total Commercial loans			4,216,570		4,268,704
Finance leases			230,183		232,126
Consumer loans			1,706,999		1,750,419
Loans held for investment			9,485,372		9,262,436
Allowance for loan and lease losses			(226,064)		(222,395)
Loans held for investment, net		$	9,259,308	$	9,040,041
__________
(1)	As of March 31, 2015 and December 31, 2014, includes $1.1 billion of commercial loans that are secured by real estate but are not dependent upon the real estate for repayment.

Loans Held for Investment on Which Accrual of Interest Income had been Discontinued

Loans held for investment on which accrual of interest income had been discontinued as of the indicated dates were as follows:
(In thousands)		March 31,		December 31,
		2015		2014
Non-performing loans:
Residential mortgage		$	172,583	$	180,707
Commercial mortgage			142,385		148,473
Commercial and Industrial			186,500		122,547
Construction:
Land			14,091		15,030
Construction-residential			13,072		14,324
Consumer:
Auto loans			19,043		22,276
Finance leases			2,979		5,245
Other consumer loans			12,891		15,294
Total non-performing loans held for investment (1)(2)(3)		$	563,544	$	523,896
_______________
(1)	As of March 31, 2015 and December 31, 2014, excludes $54.6 million of non-performing loans held for sale.
(2)	Amount excludes purchased-credit impaired ("PCI") loans with a carrying value of approximately $181.1 million and $102.6 million as of March 31, 2015 and December 31, 2014, respectively, primarily mortgage loans acquired from Doral Bank in the first quarter of 2015 and second quarter of 2014, as further discussed below. These loans are not considered non-performing due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using an estimated cash flow analysis.
(3)	Non-performing loans exclude $434.2 million and $494.6 million of Troubled Debt Restructuring ("TDR") loans that are in compliance with the modified terms and in accrual status as of March 31, 2015 and December 31, 2014, respectively.

Corporation's Aging of Loans Held for Investment Portfolio

The Corporation’s aging of the loans held for investment portfolio is as follows:
As of March 31, 2015
(In thousands)		30-59 Days Past Due		60-89 Days Past Due		90 days or more Past Due (1)		Total Past Due		Purchased Credit-Impaired Loans		Current		Total loans held for investment		90 days past due and still accruing (2)
Residential mortgage:
FHA/VA and other government-guaranteed
loans (2)(3)(4)		$	-	$	8,200	$	96,086	$	104,286	$	-	$	51,376	$	155,662	$	96,086
Other residential mortgage loans (4)			-		88,209		191,014		279,223		177,601		2,719,134		3,175,958		18,431
Commercial:
Commercial and Industrial loans			22,933		3,193		207,063		233,189		-		2,209,678		2,442,867		20,563
Commercial mortgage loans (4)			-		1,564		165,778		167,342		3,279		1,478,642		1,649,263		23,393
Construction:
Land (4)			-		383		14,291		14,674		-		39,516		54,190		200
Construction-commercial			-		-		-		-		-		27,456		27,456		-
Construction-residential (4)			-		-		13,072		13,072		-		29,722		42,794		-
Consumer:
Auto loans			76,721		18,548		19,043		114,312		-		914,058		1,028,370		-
Finance leases			10,975		2,893		2,979		16,847		-		213,336		230,183		-
Other consumer loans			10,355		5,464		16,339		32,158		234		646,237		678,629		3,448
Total loans held for investment		$	120,984	$	128,454	$	725,665	$	975,103	$	181,114	$	8,329,155	$	9,485,372	$	162,121
_____________
(1)	Includes non-performing loans and accruing loans which are contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges fees until charged-off at 180 days.
(2)	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $30.1 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of March 31, 2015.
(3)	As of March 31, 2015, includes $26.2 million of defaulted loans collateralizing Government National Mortgage Association ("GNMA") securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans.
(4)	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days as of March 31, 2015 amounted to $12.2 million, $177.4 million, $38.4 million, $6.1 million, and $1.6 million, respectively.

As of December 31, 2014
(In thousands)		30-59 Days Past Due		60-89 Days Past Due		90 days or more Past Due (1)		Total Past Due		Purchased Credit- Impaired Loans		Current		Total loans held for investment		90 days past due and still accruing (2)
Residential mortgage:
FHA/VA and other government-guaranteed
loans (2)(3)(4)		$	-	$	9,733	$	81,055	$	90,788	$	-	$	62,782	$	153,570	$	81,055
Other residential mortgage loans (4)			-		78,336		199,078		277,414		98,494		2,481,709		2,857,617		18,371
Commercial:
Commercial and Industrial loans			22,217		7,445		143,928		173,590		-		2,305,847		2,479,437		21,381
Commercial mortgage loans (4)			-		15,482		171,281		186,763		3,393		1,475,631		1,665,787		22,808
Construction:
Land (4)			-		210		15,264		15,474		-		40,447		55,921		234
Construction-commercial (4)			-		-		-		-		-		24,562		24,562		-
Construction-residential (4)			-		-		14,324		14,324		-		28,673		42,997		-
Consumer:
Auto loans			77,385		19,665		22,276		119,326		-		941,456		1,060,782		-
Finance leases			8,751		2,734		5,245		16,730		-		215,396		232,126		-
Other consumer loans			9,801		6,054		18,671		34,526		717		654,394		689,637		3,377
Total loans held for investment		$	118,154	$	139,659	$	671,122	$	928,935	$	102,604	$	8,230,897	$	9,262,436	$	147,226
____________
(1)	Includes non-performing loans and accruing loans which are contractually delinquent 90 days or more (i.e. FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days.
(2)	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $40.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of December 31, 2014.
(3)	As of December 31, 2014, includes $9.3 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans.
(4)	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans and construction-residential loans past due 30-59 days as of December 31, 2014 amounted to $14.0 million, $189.1 million, $20.8 million, $0.8 million and $1.0 million , respectively.

Corporation's Credit Quality Indicators by Loan

The Corporation’s credit quality indicators by loan type as of March 31, 2015 and December 31, 2014 are summarized below:
		Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness Category:
		Substandard		Doubtful		Loss		Total Adversely Classified (1)		Total Portfolio
March 31, 2015
(In thousands)
Commercial mortgage		$	227,195	$	-	$	-	$	227,195	$	1,649,263
Construction:
Land			15,930		-		-		15,930		54,190
Construction-commercial			11,790		-		-		11,790		27,456
Construction-residential			12,265		808		-		13,073		42,794
Commercial and Industrial			229,112		6,293		789		236,194		2,442,867
		Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness Category:
		Substandard		Doubtful		Loss		Total Adversely Classified (1)		Total Portfolio
December 31, 2014
(In thousands)
Commercial mortgage		$	273,027	$	897	$	-	$	273,924	$	1,665,787
Construction:
Land			16,915		-		-		16,915		55,921
Construction-commercial			11,790		-		-		11,790		24,562
Construction-residential			13,548		776		-		14,324		42,997
Commercial and Industrial			234,926		4,884		801		240,611		2,479,437
_________
(1)	Excludes $54.6 million ($7.8 million land, $39.1 million construction-commercial, $0.9 million construction-residential, and $ 6.8 million commercial mortgage) as of March 31, 2015 and December 31, 2014, of non-performing loans held for sale.

March 31, 2015		Consumer Credit Exposure-Credit Risk Profile Based on Payment Activity
		Residential Real-Estate				Consumer
		FHA/VA/ Guaranteed (1)		Other residential loans		Auto		Finance Leases		Other Consumer
(In thousands)
Performing		$	155,662	$	2,825,774	$	1,009,327	$	227,204	$	665,504
Purchased Credit-Impaired (2)			-		177,601		-		-		234
Non-performing			-		172,583		19,043		2,979		12,891
Total		$	155,662	$	3,175,958	$	1,028,370	$	230,183	$	678,629
(1)	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $30.1 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of March 31, 2015.
(2)	PCI loans are excluded from non-performing statistics due to the application of the accretion method, under which these loan will accrete interest income over the remaining life of the loans using estimated cash flow analysis.
December 31, 2014		Consumer Credit Exposure-Credit Risk Profile Based on Payment Activity
			Residential Real-Estate			Consumer
		FHA/VA/ Guaranteed (1)		Other residential loans		Auto		Finance Leases		Other Consumer
(In thousands)
Performing		$	153,570	$	2,578,416	$	1,038,506	$	226,881	$	673,626
Purchased Credit-Impaired (2)			-		98,494		-		-		717
Non-performing			-		180,707		22,276		5,245		15,294
Total		$	153,570	$	2,857,617	$	1,060,782	$	232,126	$	689,637
(1)	It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $40.4 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 18 months delinquent, and are no longer accruing interest as of December 31, 2014.
(2)	PCI loans are excluded from non-performing statistics due to the application of the accretion method, under which these loan will accrete interest income over the remaining life of the loans using estimated cash flow analysis.

Impaired Loans

The following tables present information about impaired loans, excluding purchased credit-impaired loans, which are reported separately as discussed below:
Impaired Loans
(In thousands)
	Recorded Investment		Unpaid Principal Balance		Related Specific Allowance		Average Recorded Investment		Interest Income Recognized On Accrual Basis		Interest Income Recognized On Cash Basis
As of March 31, 2015
With no related allowance recorded:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-	$	-	$	-
Other residential mortgage loans		62,337		68,263		-		63,040		199		79
Commercial:
Commercial mortgage loans		100,797		120,956		-		101,196		406		425
Commercial and Industrial Loans		32,080		36,975		-		33,802		18		200
Construction:
Land		1,473		4,726		-		1,473		-		-
Construction-commercial		-		-		-		-		-		-
Construction-residential		6,762		9,346		-		6,943		41		-
Consumer:
Auto loans		562		562		-		562		10		-
Finance leases		-		-		-		-		-		-
Other consumer loans		3,229		4,634		-		3,268		10		26
	$	207,240	$	245,462	$	-	$	210,284	$	684	$	730
With an allowance recorded:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-	$	-	$	-
Other residential mortgage loans		367,189		416,579		14,862		368,999		4,224		414
Commercial:
Commercial mortgage loans		123,568		143,090		13,238		124,701		475		279
Commercial and Industrial Loans		194,576		227,417		24,871		196,896		1,950		43
Construction:
Land		9,355		13,181		1,220		9,413		15		9
Construction-commercial		11,790		11,790		1,145		11,790		128		-
Construction-residential		8,213		8,917		1,016		8,202		3		-
Consumer:
Auto loans		16,986		16,986		3,058		17,472		328		-
Finance leases		2,053		2,053		186		2,137		48		-
Other consumer loans		14,011		14,259		2,544		14,266		382		3
	$	747,741	$	854,272	$	62,140	$	753,876	$	7,553	$	748
Total:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-	$	-	$	-
Other residential mortgage loans		429,526		484,842		14,862		432,039		4,423		493
Commercial:
Commercial mortgage loans		224,365		264,046		13,238		225,897		881		704
Commercial and Industrial Loans		226,656		264,392		24,871		230,698		1,968		243
Construction:
Land		10,828		17,907		1,220		10,886		15		9
Construction-commercial		11,790		11,790		1,145		11,790		128		-
Construction-residential		14,975		18,263		1,016		15,145		44		-
Consumer:
Auto loans		17,548		17,548		3,058		18,034		338		-
Finance leases		2,053		2,053		186		2,137		48		-
Other consumer loans		17,240		18,893		2,544		17,534		392		29
	$	954,981	$	1,099,734	$	62,140	$	964,160	$	8,237	$	1,478

Impaired Loans
(In thousands)
	Recorded Investment		Unpaid Principal Balance		Related Specific Allowance		Average Recorded Investment
As of December 31, 2014
With no related allowance recorded:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-
Other residential mortgage loans		74,177		80,522		-		75,711
Commercial:
Commercial mortgage loans		109,271		132,170		-		113,674
Commercial and Industrial Loans		41,131		47,647		-		42,011
Construction:
Land		2,994		6,357		-		3,030
Construction-commercial		-		-		-		-
Construction-residential		7,461		10,100		-		8,123
Consumer:
Auto loans		-		-		-		-
Finance leases		-		-		-		-
Other consumer loans		3,778		5,072		-		3,924
	$	238,812	$	281,868	$	-	$	246,473
With an allowance recorded:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-
Other residential mortgage loans		350,067		396,203		10,854		357,129
Commercial:
Commercial mortgage loans		101,467		116,329		14,289		104,191
Commercial and Industrial Loans		195,240		226,431		21,314		198,930
Construction:
Land		9,120		12,821		794		10,734
Construction-commercial		11,790		11,790		790		11,867
Construction-residential		8,102		8,834		993		8,130
Consumer:
Auto loans		16,991		16,991		2,787		18,504
Finance leases		2,181		2,181		253		2,367
Other consumer loans		11,637		12,136		3,131		12,291
	$	706,595	$	803,716	$	55,205	$	724,143
Total:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-
Other residential mortgage loans		424,244		476,725		10,854		432,840
Commercial:
Commercial mortgage loans		210,738		248,499		14,289		217,865
Commercial and Industrial Loans		236,371		274,078		21,314		240,941
Construction:
Land		12,114		19,178		794		13,764
Construction-commercial		11,790		11,790		790		11,867
Construction-residential		15,563		18,934		993		16,253
Consumer:
Auto loans		16,991		16,991		2,787		18,504
Finance leases		2,181		2,181		253		2,367
Other consumer loans		15,415		17,208		3,131		16,215
	$	945,407	$	1,085,584	$	55,205	$	970,616
Interest income of approximately $7.6 million ($5.9 million accrual basis and $1.7 million cash basis) was recognized on impaired loans for the first quarter of 2014.

Activity for Impaired loans

The following table shows the activity for impaired loans and the related specific reserve during the first quarter of 2015 and 2014:
	Quarter ended
	March 31, 2015		March 31, 2014
Impaired Loans:	(In thousands)
Balance at beginning of period	$	945,407	$	919,112
Loans determined impaired during the period		62,933		54,277
Charge-offs		(11,715)		(32,039)
Loans sold, net of charge-offs		(1,137)		-
Increases to impaired loans- additional disbursements		519		625
Foreclosures		(9,952)		(4,006)
Loans no longer considered impaired		(9,898)		(3,728)
Paid in full or partial payments		(21,176)		(54,853)
Balance at end of period	$	954,981	$	879,388

Activity for Specific Reserve

	Quarter ended
	March 31, 2015		March 31, 2014
Specific Reserve:	(In thousands)
Balance at beginning of period	$	55,205	$	102,601
Provision for loan losses		18,650		14,454
Charge-offs		(11,715)		(32,039)
Balance at end of period	$	62,140	$	85,016

Contractually Required Principal and Interest Cash Flows Expected to be Collected and Fair Value at Acquisition Related to Loans Acquired

The following table presents acquired loans from Doral Bank in the first quarter of 2015 accounted for pursuant to ASC 310-30 as of the acquisition date:
		(In thousands)
Contractually- required principal and interest		$	166,947
Less: Nonaccretable difference			(48,739)
Cash flows expected to be collected			118,208
Less: Accretable yield			(38,319)
Fair value of loans acquired in 2015 (1)		$	79,889
(1)	Amounts are preliminary estimates based on the best information available at the acquisition date and adjustments in future quarters may occur up to one year from the date of acquisition.

Carrying Value of Acquired Loans

The carrying amount of PCI loans follows:
		March 31,		December 31,
		2015		2014
	(In thousands)
Residential mortgage loans	$	177,601	$	98,494
Commercial mortgage loans		3,279		3,393
Credit Cards		234		717
	$	181,114	$	102,604

Accretable Yield

Changes in the accretable yield of PCI loans for the quarters ended March 31, 2015 and 2014 were as follows:
	March 31, 2015		March 31, 2014
	(In thousands)
Balance at beginning of period	$	82,460	$	-
Additions (accretable yield at acquisition
of loans from Doral Bank)		38,319		-
Accretion recognized in earnings		(2,277)		-
Balance at end of period	$	118,502	$	-

Selected Information on TDRs Includes Recorded Investment by Loan Class and Modification Type

Selected information on TDRs that includes the recorded investment by loan class and modification type is summarized in the following tables. This information reflects all TDRs:
		March 31, 2015
(In thousands)		Interest rate below market		Maturity or term extension		Combination of reduction in interest rate and extension of maturity		Forgiveness of principal and/or interest		Other (1)		Total
Troubled Debt Restructurings:
Non- FHA/VA Residential Mortgage loans		$	26,039	$	5,206	$	281,824	$	-	$	41,025	$	354,094
Commercial Mortgage Loans			26,952		12,685		73,956		-		23,187		136,780
Commercial and Industrial Loans			4,431		78,171		30,830		3,057		50,247		166,736
Construction Loans:
Land			-		201		1,680		-		596		2,477
Construction-residential			6,154		378		3,095		-		433		10,060
Consumer Loans - Auto			-		324		10,736		-		6,487		17,547
Finance Leases			-		285		1,768		-		-		2,053
Consumer Loans - Other			37		317		12,774		379		1,869		15,376
Total Troubled Debt Restructurings (2)		$	63,613	$	97,567	$	416,663	$	3,436	$	123,844	$	705,123
(1)	Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation, or a combination of the concessions listed in the table.
(2)	Excludes TDRs held for sale amounting to $45.7 million as of March 31, 2015.

Selected information on TDRs that includes the recorded investment by loan class and modification type is summarized in the following tables. This information reflects all TDRs:
		December 31, 2014
(In thousands)		Interest rate below market		Maturity or term extension		Combination of reduction in interest rate and extension of maturity		Forgiveness of principal and/or interest		Other (1)		Total
Troubled Debt Restructurings:
Non- FHA/VA Residential Mortgage loans		$	24,850	$	5,859	$	283,317	$	-	$	35,749	$	349,775
Commercial Mortgage Loans			29,881		12,737		72,493		-		12,655		127,766
Commercial and Industrial Loans			7,533		80,642		31,553		3,074		49,124		171,926
Construction Loans:
Land			-		202		1,732		-		536		2,470
Construction-residential			6,154		337		3,112		-		434		10,037
Consumer Loans - Auto			-		380		10,363		-		6,248		16,991
Finance Leases			-		376		1,805		-		-		2,181
Consumer Loans - Other			37		129		10,812		443		1,886		13,307
Total Troubled Debt Restructurings (2)		$	68,455	$	100,662	$	415,187	$	3,517	$	106,632	$	694,453
(1)	Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation or a combination of the concessions listed in the table.
(2)	Excludes TDRs held for sale amounting to $45.7 million as of December 31, 2014.

Corporation's TDR Activity

The following table presents the Corporation's TDR activity
(In thousands)	Quarter Ended
	March 31, 2015		March 31, 2014
Beginning Balance of TDRs	$	694,453	$	630,258
New TDRs		31,601		19,935
Increases to existing TDRs - additional disbursements		335		27
Charge-offs post modification		(3,781)		(7,982)
Foreclosures		(7,156)		(1,074)
Paid-off, partial payments, and other		(10,329)		(18,844)
Ending balance of TDRs	$	705,123	$	622,320

630,258

Breakdown Between Accrual and Nonaccrual Status of TDRs

The following table provides a breakdown between the accrual and nonaccrual status of TDRs:
(In thousands)		March 31, 2015
		Accrual		Nonaccrual (1)(2)		Total TDRs
Non-FHA/VA Residential Mortgage loans		$	273,890	$	80,204	$	354,094
Commercial Mortgage Loans			75,541		61,239		136,780
Commercial and Industrial Loans			55,394		111,342		166,736
Construction Loans:
Land			779		1,698		2,477
Construction-residential			3,472		6,588		10,060
Consumer Loans - Auto			11,011		6,536		17,547
Finance Leases			1,875		178		2,053
Consumer Loans - Other			12,237		3,139		15,376
Total Troubled Debt Restructurings		$	434,199	$	270,924	$	705,123
(1)	Included in non-accrual loans are $121.9 million in loans that are performing under the terms of a restructuring agreement but are reported in non-accrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and there is no doubt about full collectability.
(2)	Excludes non-accrual TDRs held for sale with a carrying value of $45.7 million as of March 31, 2015.

(In thousands)		December 31, 2014
		Accrual		Nonaccrual (1)(2)		Total TDRs
Non-FHA/VA Residential Mortgage loans		$	266,810	$	82,965	$	349,775
Commercial Mortgage Loans			69,374		58,392		127,766
Commercial and Industrial Loans			131,544		40,382		171,926
Construction Loans:
Land			834		1,636		2,470
Construction-residential			3,448		6,589		10,037
Consumer Loans - Auto			10,558		6,433		16,991
Finance Leases			1,926		255		2,181
Consumer Loans - Other			10,146		3,161		13,307
Total Troubled Debt Restructurings		$	494,640	$	199,813	$	694,453
(1)	Included in non-accrual loans are $52.8 million in loans that are performing under the terms of a restructuring agreement but are reported in non-accrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and there is no doubt about full collectability.
(2)	Excludes non-accrual TDRs held for sale with a carrying value of $45.7 million as of December 31, 2014.

Schedule Of Troubled Debt Restructurings Table [Text Block]

Loans modifications that are considered TDRs and were completed during the first quarter of 2015 and 2014 were as follows:
(Dollars in thousands)	Quarter ended March 31, 2015
	Number of contracts	Pre-modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans	81	$	11,495	$	11,265
Commercial Mortgage Loans	8		12,821		12,931
Commercial and Industrial Loans	1		1,681		1,681
Construction Loans:
Land	1		64		64
Consumer Loans - Auto	146		2,173		2,130
Finance Leases	8		233		184
Consumer Loans - Other	377		3,391		3,346
Total Troubled Debt Restructurings	622	$	31,858	$	31,601

(Dollars in thousands)	Quarter ended March 31, 2014
	Number of contracts	Pre-modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans	47	$	7,709	$	7,711
Commercial Mortgage Loans	3		834		837
Commercial and Industrial Loans	5		7,964		7,630
Construction Loans:
Consumer Loans - Auto	117		1,605		1,605
Finance Leases	10		193		193
Consumer Loans - Other	429		1,959		1,959
Total Troubled Debt Restructurings	611	$	20,264	$	19,935

Loan Modifications Considered Troubled Debt Restructurings Defaulted

Loan modifications considered TDRs that defaulted during the quarters ended March 31, 2015 and March 31, 2014 and had become TDRs during the 12-month period preceding the default date, were as follows:
	Quarter ended March 31,
(Dollars in thousands)	2015			2014
	Number of contracts	Recorded Investment		Number of contracts	Recorded Investment
Non-FHA/VA Residential Mortgage loans	12	$	1,773	14	$	2,552
Commercial and Industrial Loans	4		5,745	-		-
Construction Loans:
Consumer Loans - Auto	2		8	4		39
Consumer Loans - Other	53		229	45		176
Finance Leases	1		15	-		-
Total	72	$	7,770	63	$	2,767

Loan Restructuring and Effect on Allowance for Loan and Lease Losses

(In thousands)	March 31, 2015			March 31, 2014
Principal balance deemed collectible at end of period	$	42,907	$	78,833
Amount charged off	$	-	$	-
(Reductions) charges to the provision for loan losses	$	(24)	$	(15)
Allowance for loan losses at end of period	$	707	$	1,547

Past Due Purchased Credit Impaired Table [Text Block]

	The following tables present PCI loans by past due status as of March 31, 2015 and December 31, 2014:
As of March 31, 2015		30-59 Days		60-89 Days		90 days or more		Total Past Due				Total PCI loans
														Current
		(In thousands)
Residential mortgage loans (1)		$	-	$	13,572	$	15,775	$	29,347	$	148,254	$	177,601
Commercial mortgage loans (1)			-		130		653		783		2,496		3,279
Credit Cards			22		-		22		44		190		234
		$	22	$	13,702	$	16,450	$	30,174	$	150,940	$	181,114
_____________
(1)	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage and commercial mortgage loans are considered past due when the borrower is in arrears two or more monthly payments. PCI residential mortgage loans and commercial mortgage loans past due 30-59 days as of March 31, 2015 amounted to $32.0 million and $0.3 million, respectively.
As of December 31, 2014		30-59 Days		60-89 Days		90 days or more		Total Past Due				Total PCI loans
														Current
		(In thousands)
Residential mortgage loans (1)		$	-	$	12,571	$	15,176	$	27,747	$	70,747	$	98,494
Commercial mortgage loans (1)			-		356		443		799		2,594		3,393
Credit Cards			47		25		42		114		603		717
		$	47	$	12,952	$	15,661	$	28,660	$	73,944	$	102,604
_____________
(1)	According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage and commercial mortgage loans are considered past due when the borrower is in arrears two or more monthly payments. PCI residential mortgage loans and commercial mortgage loans past due 30-59 days as of December 31, 2014 amounted to $16.6 million and $0.8 million, respectively.

Changes In Carrying Amount Of Purchased Credit Impaired Loans Table [Text Block]

Changes in the carrying amount of loans accounted for pursuant to ASC 310-30 follows:
	Quarter ended
	March 31, 2015
	(In thousands)
Balance at beginning of period	$	102,604
Additions		79,889
Accretion		2,277
Collections		(3,656)
Ending balance	$	181,114