FIRST BANCORP. (Holding Company Only) Financial Information (Tables)

3 Months Ended

Mar. 31, 2015

Statements of Financial Condition

Statements of Financial Condition
	As of March 31,			As of December 31,
	2015		2014
	(In thousands)
Assets
Cash and due from banks	$	29,726	$	30,380
Money market investments		6,111		6,111
Investment securities available for sale, at market:
Other investment securities		285		285
Loans held for investment, net		298		322
Investment in First Bank Puerto Rico, at equity		1,900,671		1,866,090
Investment in First Bank Insurance Agency, at equity		13,356		11,890
Investment in FBP Statutory Trust I		3,093		3,093
Investment in FBP Statutory Trust II		3,866		3,866
Other assets		4,617		4,357
Total assets	$	1,962,023	$	1,926,394
Liabilities and Stockholders' Equity
Liabilities:
Other borrowings	$	231,959	$	231,959
Accounts payable and other liabilities		24,314		22,692
Total liabilities		256,273		254,651
Stockholders' equity		1,705,750		1,671,743
Total liabilities and stockholders' equity	$	1,962,023	$	1,926,394

Statements of Income (Loss)

Statements of Income
	Quarter Ended
	March 31,		March 31,
	2015		2014
	(In thousands)
Income:
Interest income on money market investments	$	5	$	5
Other income		56		53
		61		58
Expense:
Notes payable and other borrowings		1,817		1,760
Other operating expenses		604		506
		2,421		2,266
Loss before income taxes and equity in undistributed
earnings of subsidiaries		(2,360)		(2,208)
Income tax provision		-		(2)
Equity in undistributed earnings of subsidiaries		28,006		19,293
Net income	$	25,646	$	17,083
Other comprehensive income, net of tax		7,140		22,539
Comprehensive income	$	32,786	$	39,622