LOAN PORTFOLIO (Tables)

3 Months Ended

Mar. 31, 2016

Loan Portfolio Held for Investment

			As of		As of
		March 31,		December 31,
			2016		2015
(In thousands)
Residential mortgage loans, mainly secured by first mortgages		$	3,330,945	$	3,344,719
Commercial loans:
Construction loans			146,129		156,195
Commercial mortgage loans			1,524,491		1,537,806
Commercial and Industrial loans (1)			2,343,416		2,407,996
Loans to local financial institution collateralized by
Total Commercial loans			4,014,036		4,101,997
Finance leases			230,801		229,165
Consumer loans			1,555,560		1,597,984
Loans held for investment			9,131,342		9,273,865
Allowance for loan and lease losses			(238,125)		(240,710)
Loans held for investment, net		$	8,893,217	$	9,033,155
__________
(1)	As of March 31, 2016 and December 31, 2015, includes $1.0 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:
		As of		As of
(In thousands)		March 31,		December 31,
		2016		2015
Non-performing loans:
Residential mortgage		$	172,890	$	169,001
Commercial mortgage			182,763		51,333
Commercial and Industrial			137,896		137,051
Construction:
Land			12,082		12,174
Construction-commercial			39,037		39,466
Construction-residential			2,917		2,996
Consumer:
Auto loans			15,038		17,435
Finance leases			2,136		2,459
Other consumer loans			10,177		10,858
Total non-performing loans held for investment (1)(2)(3)		$	574,936	$	442,773
_______________
(1)	As of March 31, 2016 and December 31, 2015, excludes $8.1 million of non-performing loans held for sale.
(2)	Amount excludes purchased-credit impaired ("PCI") loans with a carrying value of approximately $172.3 million and $173.9 million as of March 31, 2016 and December 31, 2015, respectively, primarily mortgage loans acquired from Doral Bank in the first quarter of 2015 and from Doral Financial in the 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 $413.4 million and $414.9 million of Troubled Debt Restructuring ("TDR") loans that are in compliance with the modified terms and in accrual status as of March 31, 2016 and December 31, 2015, 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, 2016
(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)		$	-	$	5,338	$	84,217	$	89,555	$	-	$	47,149	$	136,704	$	84,217
Other residential mortgage loans (4)			-		94,576		189,615		284,191		169,190		2,740,860		3,194,241		16,725
Commercial:
Commercial and Industrial loans			12,079		6,943		144,311		163,333		-		2,180,083		2,343,416		6,415
Commercial mortgage loans (4)			-		10,408		211,576		221,984		3,142		1,299,365		1,524,491		28,813
Construction:
Land (4)			-		241		12,533		12,774		-		34,051		46,825		451
Construction-commercial			-		-		54,460		54,460		-		26,754		81,214		15,423
Construction-residential (4)			-		-		5,948		5,948		-		12,142		18,090		3,031
Consumer:
Auto loans			61,558		13,489		15,038		90,085		-		814,249		904,334		-
Finance leases			8,993		2,116		2,136		13,245		-		217,556		230,801		-
Other consumer loans			10,287		6,044		14,059		30,390		-		620,836		651,226		3,882
Total loans held for investment		$	92,917	$	139,155	$	733,893	$	965,965	$	172,332	$	7,993,045	$	9,131,342	$	158,957
_____________
(1)	Includes non-performing loans and accruing loans that 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 $34.9 million of residential mortgage loans insured by the FHA or guaranteed by the VA which are over 15 months delinquent, and are no longer accruing interest as of March 31, 2016.
(3)	As of March 31, 2016, includes $40.0 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, construction-commercial and construction-residential loans past due 30-59 days as of March 31, 2016 amounted to $10.0 million, $155.9 million, $74.8 million, $0.5 million, $5.2 million and $0.7 million, respectively.

As of December 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)		$	-	$	6,048	$	90,168	$	96,216	$	-	$	46,925	$	143,141	$	90,168
Other residential mortgage loans (4)			-		90,406		185,018		275,424		170,766		2,755,388		3,201,578		16,017
Commercial:
Commercial and Industrial loans			5,577		6,412		150,893		162,882		-		2,245,114		2,407,996		13,842
Commercial mortgage loans (4)			-		24,729		63,805		88,534		3,147		1,446,125		1,537,806		12,472
Construction:
Land (4)			-		161		12,350		12,511		-		39,363		51,874		176
Construction-commercial			-		11,722		39,466		51,188		-		32,142		83,330		-
Construction-residential (4)			-		-		6,042		6,042		-		14,949		20,991		3,046
Consumer:
Auto loans			70,836		16,787		17,435		105,058		-		829,922		934,980		-
Finance leases			7,664		3,100		2,459		13,223		-		215,942		229,165		-
Other consumer loans			9,462		5,524		15,124		30,110		-		632,894		663,004		4,266
Total loans held for investment		$	93,539	$	164,889	$	582,760	$	841,188	$	173,913	$	8,258,764	$	9,273,865	$	139,987
____________
(1)	Includes non-performing loans and accruing loans that 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 $37.3 million of residential mortgage loans insured by the FHA or guaranteed by the VA which are over 15 months delinquent, and are no longer accruing interest as of December 31, 2015.
(3)	As of December 31, 2015, includes $38.5 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, 2015 amounted to $11.0 million, $162.9 million, $38.6 million, $5.7 million and $0.8 million, respectively.

Corporation's Credit Quality Indicators by Loan

The Corporation’s credit quality indicators by loan type as of March 31, 2016 and December 31, 2015 are summarized below:
		Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness Category:
		Substandard		Doubtful		Loss		Total Adversely Classified (1)		Total Portfolio
March 31, 2016
(In thousands)
Commercial mortgage		$	213,990	$	37,673	$	-	$	251,663	$	1,524,491
Construction:
Land			13,803		-		-		13,803		46,825
Construction-commercial			39,037		-		-		39,037		81,214
Construction-residential			5,949		-		-		5,949		18,090
Commercial and Industrial			186,580		71,706		395		258,681		2,343,416
		Commercial Credit Exposure-Credit Risk Profile Based on Creditworthiness Category:
		Substandard		Doubtful		Loss		Total Adversely Classified (1)		Total Portfolio
December 31, 2015
(In thousands)
Commercial mortgage		$	252,941	$	140	$	-	$	253,081	$	1,537,806
Construction:
Land			14,035		1		-		14,036		51,874
Construction-commercial			39,466		-		-		39,466		83,330
Construction-residential			2,996		-		-		2,996		20,991
Commercial and Industrial			140,827		71,341		354		212,522		2,407,996
_________
(1)	Excludes $8.1 million as of March 31, 2016 and December 31, 2015, of construction-land non-performing loans held for sale.

March 31, 2016		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		$	136,704	$	2,852,161	$	889,296	$	228,665	$	641,049
Purchased Credit-Impaired (2)			-		169,190		-		-		-
Non-performing			-		172,890		15,038		2,136		10,177
Total		$	136,704	$	3,194,241	$	904,334	$	230,801	$	651,226
(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 $34.9 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 15 months delinquent, and are no longer accruing interest as of March 31, 2016.
(2)	PCI loans are excluded from non-performing statistics due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analysis.
December 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		$	143,141	$	2,861,811	$	917,545	$	226,706	$	652,146
Purchased Credit-Impaired (2)			-		170,766		-		-		-
Non-performing			-		169,001		17,435		2,459		10,858
Total		$	143,141	$	3,201,578	$	934,980	$	229,165	$	663,004
(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 $37.3 million of residential mortgage loans insured by the FHA or guaranteed by the VA, which are over 15 months delinquent, and are no longer accruing interest as of December 31, 2015.
(2)	PCI loans are excluded from non-performing statistics due to the application of the accretion method, under which these loans 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 PCI 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, 2016
With no related allowance recorded:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-	$	-	$	-
Other residential mortgage loans		62,899		72,939		-		63,303		92		80
Commercial:
Commercial mortgage loans		35,565		45,358		-		35,982		200		135
Commercial and Industrial Loans		29,230		32,629		-		29,575		-		-
Construction:
Land		-		-		-		-		-		-
Construction-commercial		39,037		40,000		-		39,252		-		-
Construction-residential		3,031		3,031		-		3,039		42		-
Consumer:
Auto loans		-		-		-		-		-		-
Finance leases		-		-		-		-		-		-
Other consumer loans		3,092		3,839		-		2,950		1		38
	$	172,854	$	197,796	$	-	$	174,101	$	335	$	253
With an allowance recorded:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-	$	-	$	-
Other residential mortgage loans		398,707		445,440		16,150		400,571		4,715		437
Commercial:
Commercial mortgage loans		155,686		164,543		36,007		155,782		140		26
Commercial and Industrial Loans		138,930		163,236		18,749		141,502		535		26
Construction:
Land		9,522		13,759		1,059		9,550		9		9
Construction-commercial		-		-		-		-		-		-
Construction-residential		1,348		2,082		143		1,348		-		-
Consumer:
Auto loans		23,475		23,475		7,459		24,049		446		-
Finance leases		2,468		2,468		144		2,563		54		-
Other consumer loans		14,601		14,846		1,784		14,916		373		12
	$	744,737	$	829,849	$	81,495	$	750,281	$	6,272	$	510
Total:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-	$	-	$	-
Other residential mortgage loans		461,606		518,379		16,150		463,874		4,807		517
Commercial:
Commercial mortgage loans		191,251		209,901		36,007		191,764		340		161
Commercial and Industrial Loans		168,160		195,865		18,749		171,077		535		26
Construction:
Land		9,522		13,759		1,059		9,550		9		9
Construction-commercial		39,037		40,000		-		39,252		-		-
Construction-residential		4,379		5,113		143		4,387		42		-
Consumer:
Auto loans		23,475		23,475		7,459		24,049		446		-
Finance leases		2,468		2,468		144		2,563		54		-
Other consumer loans		17,693		18,685		1,784		17,866		374		50
	$	917,591	$	1,027,645	$	81,495	$	924,382	$	6,607	$	763

Impaired Loans
(In thousands)
	Recorded Investment		Unpaid Principal Balance		Related Specific Allowance		Average Recorded Investment
As of December 31, 2015
With no related allowance recorded:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-
Other residential mortgage loans		65,495		74,146		-		67,282
Commercial:
Commercial mortgage loans		54,048		66,448		-		54,967
Commercial and Industrial Loans		27,492		29,957		-		28,326
Construction:
Land		-		-		-		-
Construction-commercial		39,466		40,000		-		39,736
Construction-residential		3,046		3,046		-		3,098
Consumer:
Auto loans		-		-		-		-
Finance leases		-		-		-		-
Other consumer loans		2,618		4,300		-		2,766
	$	192,165	$	217,897	$	-	$	196,175
With an allowance recorded:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-
Other residential mortgage loans		395,173		440,947		21,787		398,790
Commercial:
Commercial mortgage loans		27,479		40,634		3,073		30,518
Commercial and Industrial Loans		143,214		164,050		18,096		148,547
Construction:
Land		9,578		13,758		1,060		9,727
Construction-commercial		-		-		-		-
Construction-residential		1,426		2,180		142		1,476
Consumer:
Auto loans		21,581		21,581		6,653		23,531
Finance leases		2,077		2,077		86		2,484
Other consumer loans		13,816		14,043		1,684		14,782
	$	614,344	$	699,270	$	52,581	$	629,855
Total:
FHA/VA-Guaranteed loans	$	-	$	-	$	-	$	-
Other residential mortgage loans		460,668		515,093		21,787		466,072
Commercial:
Commercial mortgage loans		81,527		107,082		3,073		85,485
Commercial and Industrial Loans		170,706		194,007		18,096		176,873
Construction:
Land		9,578		13,758		1,060		9,727
Construction-commercial		39,466		40,000		-		39,736
Construction-residential		4,472		5,226		142		4,574
Consumer:
Auto loans		21,581		21,581		6,653		23,531
Finance leases		2,077		2,077		86		2,484
Other consumer loans		16,434		18,343		1,684		17,548
	$	806,509	$	917,167	$	52,581	$	826,030
Interest income of approximately $9.7 million ($8.2 million on an accrual basis and $1.5 million on a cash basis) was recognized on impaired loans for the first quarter of 2015.

Activity for Impaired loans

The following table shows the activity for impaired loans and the related specific reserve during the first quarter of 2016 and 2015:
	Quarter ended
	March 31, 2016		March 31, 2015
Impaired Loans:	(In thousands)
Balance at beginning of period	$	806,509	$	945,407
Loans determined impaired during the period		157,984		62,933
Charge-offs		(8,352)		(11,715)
Loans sold, net of charge-offs		-		(1,137)
Increases to impaired loans- additional disbursements		1,347		519
Foreclosures		(7,421)		(9,952)
Loans no longer considered impaired		(20,339)		(9,898)
Paid in full or partial payments		(12,137)		(21,176)
Balance at end of period	$	917,591	$	954,981

Activity for Specific Reserve

	Quarter ended
	March 31, 2016		March 31, 2015
Specific Reserve:	(In thousands)
Balance at beginning of period	$	52,581	$	55,205
Provision for loan losses		37,266		18,650
Charge-offs		(8,352)		(11,715)
Balance at end of period	$	81,495	$	62,140

Carrying Value of Acquired Loans

The carrying amount of PCI loans follows:
		March 31,		December 31,
		2016		2015
	(In thousands)
Residential mortgage loans	$	169,190	$	170,766
Commercial mortgage loans		3,142		3,147
Total PCI loans	$	172,332	$	173,913
Allowance for loan losses		(4,568)		(3,962)
Total PCI loans, net of allowance for loan losses	$	167,764	$	169,951

Accretable Yield

Changes in the accretable yield of PCI loans for the quarters ended March 31, 2016 and 2015 were as follows:
	March 31, 2016		March 31, 2015
	(In thousands)
Balance at beginning of period	$	118,385	$	82,460
Additions (accretable yield at acquisition
of loans from Doral Bank)		-		38,319
Accretion recognized in earnings		(2,889)		(2,277)
Reclassification to non-accretable		(1,398)		-
Balance at end of period	$	114,098	$	118,502

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

Selected information on TDR loans that includes the recorded investment by loan class and modification type is summarized in the following tables. This information reflects all TDRs:
		March 31, 2016
(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		$	29,605	$	6,272	$	296,531	$	-	$	51,927	$	384,335
Commercial Mortgage Loans			4,005		1,235		25,921		-		12,308		43,469
Commercial and Industrial Loans			1,700		73,089		26,583		3,018		40,438		144,828
Construction Loans:
Land			-		228		2,159		-		368		2,755
Construction-commercial			-		-		-		39,037		-		39,037
Construction-residential			-		-		3,031		-		357		3,388
Consumer Loans - Auto			-		2,173		13,765		-		7,542		23,480
Finance Leases			-		541		1,928		-		-		2,469
Consumer Loans - Other			82		1,555		11,145		258		2,303		15,343
Total Troubled Debt Restructurings		$	35,392	$	85,093	$	381,063	$	42,313	$	115,243	$	659,104
(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.

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, 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		$	29,066	$	6,027	$	297,310	$	-	$	50,269	$	382,672
Commercial Mortgage Loans			4,379		1,244		26,109		-		12,766		44,498
Commercial and Industrial Loans			2,163		75,104		27,214		3,027		42,746		150,254
Construction Loans:
Land			-		229		2,165		-		372		2,766
Construction-commercial			-		-		-		39,466		-		39,466
Construction-residential			-		-		3,046		-		436		3,482
Consumer Loans - Auto			-		2,330		12,388		-		6,864		21,582
Finance Leases			-		621		1,456		-		-		2,077
Consumer Loans - Other			89		1,604		11,026		327		1,748		14,794
Total Troubled Debt Restructurings		$	35,697	$	87,159	$	380,714	$	42,820	$	115,201	$	661,591
(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.

Corporation's TDR Activity

The following table presents the Corporation's TDR loans activity
(In thousands)	Quarter Ended
	March 31, 2016		March 31, 2015
Beginning Balance of TDRs	$	661,591	$	694,453
New TDRs		16,219		31,601
Increases to existing TDRs - additional disbursements		701		335
Charge-offs post modification		(5,822)		(3,781)
Foreclosures		(2,821)		(7,156)
Paid-off, partial payments		(10,764)		(10,329)
Ending balance of TDRs	$	659,104	$	705,123

Breakdown Between Accrual and Nonaccrual Status of TDRs

The following table provides a breakdown between the accrual and non-accrual status of TDR loans:
(In thousands)		As of March 31, 2016
		Accrual		Non-accrual (1)		Total TDRs
Non-FHA/VA Residential Mortgage loans		$	302,773	$	81,562	$	384,335
Commercial Mortgage Loans			27,763		15,706		43,469
Commercial and Industrial Loans			47,463		97,365		144,828
Construction Loans:
Land			917		1,838		2,755
Construction-commercial			-		39,037		39,037
Construction-residential			3,031		357		3,388
Consumer Loans - Auto			15,943		7,537		23,480
Finance Leases			2,329		140		2,469
Consumer Loans - Other			13,214		2,129		15,343
Total Troubled Debt Restructurings		$	413,433	$	245,671	$	659,104
(1)	Included in non-accrual loans are $119.2 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.

(In thousands)		December 31, 2015
		Accrual		Non-accrual (1)		Total TDRs
Non-FHA/VA Residential Mortgage loans		$	303,885	$	78,787	$	382,672
Commercial Mortgage Loans			29,121		15,377		44,498
Commercial and Industrial Loans			48,392		101,862		150,254
Construction Loans:
Land			924		1,842		2,766
Construction-commercial			-		39,466		39,466
Construction-residential			3,046		436		3,482
Consumer Loans - Auto			14,823		6,759		21,582
Finance Leases			1,980		97		2,077
Consumer Loans - Other			12,737		2,057		14,794
Total Troubled Debt Restructurings		$	414,908	$	246,683	$	661,591
(1)	Included in non-accrual loans are $118.2 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.

Schedule Of Troubled Debt Restructurings Table [Text Block]

Loans modifications that are considered TDR loans and were completed during the first quarter of 2016 and 2015 were as follows:
(Dollars in thousands)	Quarter ended March 31, 2016
	Number of contracts	Pre-modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings:
Non-FHA/VA Residential Mortgage loans	58	$	9,012	$	8,459
Commercial Mortgage Loans	-		-		-
Commercial and Industrial Loans	-		-		-
Construction Loans:
Land	-		-		-
Construction-commercial	-		-		-
Construction-residential	-		-		-
Consumer Loans - Auto	258		4,981		4,981
Finance Leases	36		940		940
Consumer Loans - Other	336		1,821		1,839
Total Troubled Debt Restructurings	688	$	16,754	$	16,219

(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

Loan Modifications Considered Troubled Debt Restructurings Defaulted

Loan modifications considered TDR loans that defaulted during the quarters ended March 31, 2016 and March 31, 2015 and had become TDR during the 12-month period preceding the default date, were as follows:
	Quarter ended March 31,
(Dollars in thousands)	2016			2015
	Number of contracts	Recorded Investment		Number of contracts	Recorded Investment
Non-FHA/VA Residential Mortgage loans	11	$	1,978	12	$	1,773
Commercial Mortgage Loans	-		-	-		-
Commercial and Industrial Loans	-		-	4		5,745
Construction Loans:	-		-	-		-
Land	-		-	-		-
Construction-commercial	-		-	-		-
Construction-residential	-		-	-		-
Consumer Loans - Auto	9		136	2		8
Finance Leases	1		13	1		15
Consumer Loans - Other	33		130	53		229
Total	54	$	2,257	72	$	7,770

Loan Restructuring and Effect on Allowance for Loan and Lease Losses

(In thousands)	March 31, 2016			March 31, 2015
Principal balance deemed collectible at end of period	$	38,628	$	42,907
Amount charged off	$	-	$	-
Charges (reductions) to the provision for loan losses	$	1,978	$	(24)
Allowance for loan losses at end of period	$	2,480	$	707

Past Due Purchased Credit Impaired Table [Text Block]

	The following tables present PCI loans by past due status as of March 31, 2016 and December 31, 2015:
As of March 31, 2016		30-59 Days		60-89 Days		90 days or more		Total Past Due				Total PCI loans
														Current
		(In thousands)
Residential mortgage loans (1)		$	-	$	12,999	$	24,941	$	37,940	$	131,250	$	169,190
Commercial mortgage loans (1)			-		-		992		992		2,150		3,142
		$	-	$	12,999	$	25,933	$	38,932	$	133,400	$	172,332
_____________
(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 past due 30-59 days as of March 31, 2016 amounted to $23.5 million.
As of December 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)		$	-	$	16,094	$	22,218	$	38,312	$	132,454	$	170,766
Commercial mortgage loans (1)			-		-		992		992		2,155		3,147
		$	-	$	16,094	$	23,210	$	39,304	$	134,609	$	173,913
_____________
(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 past due 30-59 days as of December 31, 2015 amounted to $23.6 million.

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		Quarter ended
	March 31, 2016		March 31, 2015
	(In thousands)		(In thousands)
Balance at beginning of period	$	173,913	$	102,604
Additions		-		79,889
Accretion		2,889		2,277
Collections		(4,371)		(3,656)
Foreclosures		(99)		-
Ending balance	$	172,332	$	181,114
Allowance for loan losses		(4,568)		-
Ending balance, net of allowance for loan losses	$	167,764	$	181,114

Allowance For Credit Losses On Purchased Credit Impaired Loans Table [Text Block]

Changes in the allowance for loan losses related to PCI loans follows:
	Quarter ended		Quarter ended
	March 31, 2016		March 31, 2015
	(In thousands)		(In thousands)
Balance at beginning of period	$	3,962	$	-
Provision for loan losses		606		-
Balance at the end of period	$	4,568	$	-