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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net income $ 24,074 $ 14,758 $ 69,371 $ 6,330
Available-for-sale debt securities on which an other-than-temporary impairment has been recognized:        
Unrealized (loss) gain on debt securities on which an other-than-temporary impairment has been recognized (2,228) (457) (773) 915
Reclassification adjustment for other-than-temporary impairment on debt securities included in net income [1] 0 231 6,687 13,484
All other unrealized gains and losses on available-for-sale securities:        
Reclassification Adjustment for net gain included in net income (6,096) 0 (6,104) 0
All other unrealized holding (losses) gains on available-for-sale securities arising during the period (3,833) 16,935 32,299 (718)
Other comprehensive (loss) income for the period (12,157) 16,709 32,109 13,681
Total comprehensive income $ 11,917 $ 31,467 $ 101,480 $ 20,011
[1] For the nine-month periods ended September 30, 2016 and 2015, approximately $6.3 million and $12.9 million, respectively, of the credit impairment recognized in earnings consisted of credit losses on Puerto Rico Government debt securities and $0.4 million and $0.6 million, respectively, was associated with credit losses on private label MBS.