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

9 Months Ended

Sep. 30, 2016

Statements of Financial Condition

	As of September 30,			As of December 31,
	2016		2015

	(In thousands)

Assets
Cash and due from banks	$	29,074	$	29,103
Money market investments		6,111		6,111
Other investment securities		285		285
Loans held for investment, net		236		266
Investment in First Bank Puerto Rico, at equity		1,960,090		1,888,036
Investment in First Bank Insurance Agency, at equity		9,991		14,382
Investment in FBP Statutory Trust I		2,929		2,929
Investment in FBP Statutory Trust II		3,561		3,866
Other assets		4,354		4,632
Total assets	$	2,016,631	$	1,949,610
Liabilities and Stockholders' Equity
Liabilities:
Other borrowings	$	216,187	$	226,492
Accounts payable and other liabilities		558		28,984
Total liabilities		216,745		255,476
Stockholders' equity		1,799,886		1,694,134
Total liabilities and stockholders' equity	$	2,016,631	$	1,949,610

Statements of Income

	Quarter Ended				Nine-Month Period Ended
	September 30,				September 30,
	2016		2015		2016		2015
	(In thousands)				(In thousands)

Income:
Interest income on money market investments	$	5	$	5	$	15	$	15
Dividend income from subsidiaries		1,822		-		39,980		-
Other income		58		58		181		439
		1,885		63		40,176		454
Expense:
Other borrowings		1,817		1,861		5,777		5,521
Other operating expenses		685		643		2,313		2,000
		2,502		2,504		8,090		7,521

Gain on early extinguishment of debt		-		-		4,217		-

(Loss) income before income taxes and equity
in undistributed earnings of subsidiaries		(617)		(2,441)		36,303		(7,067)
Equity in undistributed earnings of subsidiaries		24,691		17,199		33,068		13,397
Net income	$	24,074	$	14,758	$	69,371	$	6,330

Other Comprehensive (loss) income, net of tax		(12,157)		16,709		32,109		13,681
Comprehensive income	$	11,917	$	31,467	$	101,480	$	20,011