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<div align="left" style="font-family: Helvetica,Arial,sans-serif">   <div align="left"> </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 1 — Summary of Significant Accounting Policies:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><u><i>Principles of Consolidation and Basis of Presentation</i></u> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The consolidated financial statements include the accounts of Popular, Inc. and its majority-owned subsidiaries (the “Corporation”). All significant intercompany accounts and transactions have been eliminated in consolidation. In accordance with the consolidation guidance for variable interest entities, the Corporation would also consolidate any variable interest entities (“VIEs”) for which it has a controlling financial interest and therefore is the primary beneficiary. Assets held in a fiduciary capacity are not assets of the Corporation and, accordingly, are not included in the consolidated statements of condition. The results of operations of companies or assets acquired are included only from the dates of acquisition. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Unconsolidated investments, in which there is at least 20% ownership, are generally accounted for by the equity method. These investments are included in other assets and the Corporation’s proportionate share of income or loss is included in other operating income. Investments, in which there is less than 20% ownership, are generally carried under the cost method of accounting, unless significant influence is exercised. Under the cost method, the Corporation recognizes income when dividends are received. Limited partnerships are accounted for by the equity method unless the Corporation’s interest is so “minor” that it may have virtually no influence over partnership operating and financial policies. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Statutory business trusts that are wholly-owned by the Corporation and are issuers of trust preferred securities are not consolidated in the Corporation’s consolidated financial statements. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">During the quarter ended March 31, 2011, the Corporation sold certain residential mortgage loans of Banco Popular North America that were reclassified from held-in-portfolio to held-for-sale in December 2010. The loans were sold at a better price than the price used to determine their fair value at the time of reclassification to the held-for-sale category. At the time of sale, the Corporation classified $13.8 million of the impact of the better price as a recovery of the original write-down which was booked as part of the activity in the allowance for loan losses. This included an out of period adjustment of $10.7 million since a portion of the sale was completed just prior to the release of the Corporation’s Form 10-K for the year ended December 31, 2010. After evaluating the quantitative and qualitative aspects of the misstatement and the out of period adjustment, management has determined that they are not material to the prior year financial statements and the current period, respectively. As part of the evaluation, management considered the fact that the quarter’s net income was impacted by a one-time adjustment of $103.3 million in income tax expense that resulted from a reduction in the Corporation’s net deferred tax asset due to a change in the marginal corporate income tax rate for Puerto Rico subsidiaries as described in Note 28 to the consolidated financial statements. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The consolidated interim financial statements have been prepared without audit. The consolidated statement of condition data at December 31, 2010 was derived from audited financial statements. The unaudited interim financial statements are, in the opinion of management, a fair statement of the results for the periods reported and include all necessary adjustments, all of a normal recurring nature, for a fair statement of such results. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"> Certain reclassifications have been made to the 2010 consolidated financial statements and notes to the financial statements to conform with the 2011 presentation. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted from the unaudited financial statements pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, these financial statements should be read in conjunction with the audited consolidated financial statements of the Corporation for the year ended December 31, 2010, included in the Corporation’s Form 10-K filed on March 1, 2011 (the “2010 Annual Report”). Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><u><i>Use of Estimates in the Preparation of Financial Statements</i></u> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><u><i>Nature of Operations</i></u> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation is a diversified, publicly-owned financial holding company subject to the supervision and regulation of the Board of Governors of the Federal Reserve System. The Corporation has operations in Puerto Rico, the continental United States, and the U.S. and British Virgin Islands. In Puerto Rico, the Corporation provides retail and commercial banking services through its principal banking subsidiary, Banco Popular de Puerto Rico (“BPPR”), as well as auto and equipment leasing and financing, mortgage loans, investment banking, broker-dealer and insurance services through specialized subsidiaries. In the United States, the Corporation operates Banco Popular North America (“BPNA”), including its wholly-owned subsidiary E-LOAN. BPNA focuses efforts and resources on the core community banking business. BPNA operates branches in New York, California, Illinois, New Jersey and Florida. E-LOAN markets deposit accounts under its name for the benefit of BPNA. As part of the rebranding of the BPNA franchise, some of its branches operate under a new name, Popular Community Bank. Note 30 to the consolidated financial statements presents information about the Corporation’s business segments. The Corporation has a 49% interest in EVERTEC, which provides transaction processing services throughout the Caribbean and Latin America. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Two major transactions effected in 2010 contribute to various significant changes in the Corporation’s financial results for the periods presented in these financial statements. First, on April 30, 2010, BPPR acquired certain assets and assumed certain deposits and liabilities of Westernbank Puerto Rico (“Westernbank”) from the Federal Deposit Insurance Corporation (the “FDIC”). The transaction is referred to herein as the “Westernbank FDIC-assisted transaction”. Refer to Note 3 to the consolidated financial statements and to the Corporation’s 2010 Annual Report for information on this business combination. Assets subject to loss sharing agreements with the FDIC, including loans and other real estate owned, are labeled “covered” on the consolidated statements of condition and applicable notes to the consolidated financial statements. Loans acquired in the Westernbank FDIC-assisted transaction, except for credit cards, and other real estate owned are considered “covered” because the Corporation will be reimbursed for 80% of any future losses on these assets subject to the terms of the FDIC loss sharing agreements. Second, on September 30, 2010, the Corporation completed the sale of a 51% interest in EVERTEC, including the Corporation’s merchant acquiring and processing and technology businesses (the “EVERTEC transaction”). The Corporation continues to hold the remaining 49% ownership interest in Carib Holdings (referred to as “EVERTEC”). Refer to the Corporation’s 2010 Annual Report for a description of the transaction. EVERTEC continues to service many of the Corporation’s subsidiaries’ system infrastructures and transactional processing businesses. Refer to Note 4 to these consolidated financial statements for information on the Corporation’s investment in EVERTEC, including related party transactions. </div> <div align="left"> </div> </div>

<div align="left" style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 2 — New Accounting Pronouncements:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><i>FASB Accounting Standards Update 2010-06, Fair Value Measurements and Disclosures (ASC Topic 820) - Improving Disclosures about Fair Value Measurements (“ASU 2010-06”)</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">ASU 2010-06, issued in January 2010, revises two disclosure requirements concerning fair value measurements and clarifies two others. It requires separate presentation of significant transfers into and out of Levels 1 and 2 of the fair value hierarchy and disclosure of the reasons for such transfers. Effective this quarter, it also requires the presentation of purchases, sales, issuances and settlements within Level 3 on a gross basis rather than a net basis. The amendments also clarify that disclosures should be disaggregated by class of asset or liability and that disclosures about inputs and valuation techniques should be provided for both recurring and non-recurring fair value measurements. ASU 2010-06 has been effective for interim and annual reporting periods beginning after December 15, 2009, except for the disclosures about purchases, sales, issuances, and settlements in the rollforward of activity in Level 3 fair value measurements, which are effective for interim and annual reporting periods beginning after December 15, 2010. This guidance impacts disclosures only and has not had an effect on the Corporation’s consolidated statements of condition or results of operations. The Corporation’s disclosures about fair value measurements are presented in Note 22 to the consolidated financial statements. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><i>FASB Accounting Standards Update 2010-28, Intangibles — Goodwill and Other (Topic 350): When to Perform Step 2 of the Goodwill Impairment Test for Reporting Units with Zero or Negative Carrying Amounts (“ASU 2010-28”)</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The amendments in ASU 2010-28, issued in December 2010, modify Step 1 of the goodwill impairment test for reporting units with zero or negative carrying amounts. For those reporting units, an entity is required to perform Step 2 of the goodwill impairment test if it is more likely than not that a goodwill impairment exists. In determining whether it is more likely than not that goodwill impairment exists, an entity should consider whether there are any adverse qualitative factors indicating that an impairment may exist. The qualitative factors are consistent with the existing guidance and examples, which require that goodwill of a reporting unit be tested for impairment between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. For public entities, the amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2010. Early adoption is not permitted. The adoption of this guidance did not have an impact on the Corporation’s consolidated statement of condition or results of operations for the quarter ended March 31, 2011. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><i>FASB Accounting Standards Update 2010-29, Business Combinations (Topic 805): Disclosure of Supplementary Pro Forma Information for Business Combinations (“ASU 2010-29”)</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The FASB issued ASU 2010-29 in December 2010. The amendments in ASU 2010-29 affect any public entity that enters into business combinations that are material on an individual or aggregate basis. This ASU specifies that if a public entity presents comparative financial statements, the entity should disclose revenue and earnings of the combined entity as though the business combination(s) that occurred during the current year had occurred as of the beginning of the comparable prior annual reporting period only. The amendments also expand the supplemental pro forma disclosures to include a description of the nature and amount of material, nonrecurring pro forma adjustments directly attributable to the business combination included in the reported pro forma revenue and earnings. The amendments are effective prospectively for business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2010. Early adoption is permitted. This guidance impacts disclosures only and did not have an impact on the Corporation’s consolidated statements of condition or results of operations for the quarter ended March 31, 2011. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><i>FASB Accounting Standards Update 2011-02, Receivables (Topic 310): A Creditor’s Determination of Whether a Restructuring Is a Troubled Debt Restructuring (“ASU 2011-02”)</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The FASB issued ASU 2011-02 in April 2011. This ASU clarifies which loan modifications constitute troubled debt restructurings. It is intended to assist creditors in determining whether a modification of the terms of a receivable meets the criteria to be considered a troubled debt restructuring, both for purposes of recording an impairment loss and for disclosure of troubled debt restructurings. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The new guidance will require creditors to evaluate modifications and restructurings of receivables using a more principles-based approach. This Update clarifies the existing guidance on whether (1) the creditor has granted a concession and (2) whether the debtor is experiencing financial difficulties. Specifically this Update (1) provides additional guidance on determining whether a creditor has granted a concession, including guidance on collection of all amounts due, receipt of additional collateral or guarantees from the debtor, and restructuring the debt at a below-market rate; (2) includes examples for creditors to determine whether an insignificant delay in payment is considered a concession; (3) prohibits creditors from using the borrower’s effective rate test in ASC Subtopic 470-50 to evaluate whether a concession has been granted to the borrower; (4) adds factors for creditors to use to determine whether the debtor is experiencing financial difficulties; and (5) ends the deferral of the additional disclosures about TDR activities required by ASU 2010-20 and requires public companies to begin providing these disclosures in the period of adoption. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">For public companies, the new guidance is effective for interim and annual periods beginning on or after June 15, 2011, and applies retrospectively to restructurings occurring on or after the beginning of the fiscal year of adoption. Early application is permitted. For purposes of measuring impairment for receivables that are newly considered impaired under the new guidance, an entity should apply the amendments prospectively in the first period of adoption and disclose the total amount of receivables and the allowance for credit losses as of the end of the period of adoption. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation is evaluating the potential impact, if any, that the adoption of this guidance will have on its consolidated financial statements. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><i>FASB Accounting Standards Update 2011-03, Transfers and Servicing (Topic 860): Reconsideration of Effective Control for Repurchase Agreements (“ASU 2011-03”)</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The FASB issued ASU 2011-03 in April 2011. The amendment of this ASU affects all entities that enter into agreements to transfer financial assets that both entitle and obligate the transferor to repurchase or redeem the financial assets before their maturity. The ASU modifies the criteria for determining when these transactions would be accounted for as financings (secured borrowings/lending agreements) as opposed to sales (purchases) with commitments to repurchase (resell). This ASU does not affect other transfers of financial assets. ASC Topic 860 prescribes when an entity may or may not recognize a sale upon the transfer of financial assets subject to repo agreements. That determination is based, in part, on whether the entity has maintained effective control over transferred financial assets. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Specifically, the amendments in this ASU remove from the assessment of effective control (1) the criterion requiring the transferor to have the ability to repurchase or redeem the financial assets on substantially the agreed terms, even in the event of default by the transferee, and (2) eliminates the requirement to demonstrate that the transferor possesses adequate collateral to fund substantially all the cost of purchasing replacement financial assets. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The new guidance is effective for the first interim or annual period beginning on or after December 15, 2011. The guidance should be applied prospectively to transactions or modifications of existing transactions that occur on or after the effective date. Early application is not permitted. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation will be evaluating the potential impact, if any, that the adoption of this guidance will have on its consolidated financial statements. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 3 — Business Combination:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><u><i>Westernbank FDIC-assisted transaction</i></u> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">As indicated in Note 1 to these consolidated financial statements, on April 30, 2010, the Corporation’s Puerto Rico banking subsidiary, BPPR, acquired certain assets and assumed certain deposits and liabilities of Westernbank Puerto Rico from the FDIC, as receiver for Westernbank. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the fair values of major classes of identifiable assets acquired and liabilities assumed by the Corporation at the acquisition date. The Corporation recorded goodwill of $87 million at acquisition. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Book value prior to</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">As recorded by</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">purchase accounting</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Additional</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular, Inc. on</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">adjustments</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">adjustments</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">consideration</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">April 30, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Assets: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Cash and money market investments </div></td> <td> </td> <td align="left">$</td> <td align="right">358,132</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">358,132</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Investment in Federal Home Loan Bank stock </div></td> <td> </td> <td> </td> <td align="right">58,610</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">58,610</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loans </div></td> <td> </td> <td> </td> <td align="right">8,554,744</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($3,354,287</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">5,200,457</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">FDIC loss share indemnification asset </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">2,337,748</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">2,337,748</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Covered other real estate owned </div></td> <td> </td> <td> </td> <td align="right">125,947</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(73,867</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">52,080</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Core deposit intangible </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">24,415</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">24,415</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Receivable from FDIC (associated to the note issued to the FDIC) </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">111,101</td> <td> </td> <td> </td> <td> </td> <td align="right">111,101</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other assets </div></td> <td> </td> <td> </td> <td align="right">44,926</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">44,926</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Goodwill </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">86,841</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">86,841</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total assets </div></td> <td> </td> <td align="left">$</td> <td align="right">9,142,359</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($979,150</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">111,101</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8,274,310</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Liabilities: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Deposits </div></td> <td> </td> <td align="left">$</td> <td align="right">2,380,170</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">11,465</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,391,635</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Note issued to the FDIC (including a premium of $12,411 resulting from the fair value adjustment) </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,770,495</td> <td> </td> <td> </td> <td> </td> <td align="right">5,770,495</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Equity appreciation instrument </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">52,500</td> <td> </td> <td> </td> <td> </td> <td align="right">52,500</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Contingent liability on unfunded loan commitments </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">45,755</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">45,755</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Accrued expenses and other liabilities </div></td> <td> </td> <td> </td> <td align="right">13,925</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">13,925</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total liabilities </div></td> <td> </td> <td align="left">$</td> <td align="right">2,394,095</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">57,220</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,822,995</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8,274,310</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">During the fourth quarter of 2010, retrospective adjustments were made to the estimated fair values of assets acquired and liabilities assumed associated with the Westernbank FDIC-assisted transaction to reflect new information obtained during the measurement period (as defined by ASC Topic 805), about facts and circumstances that existed as of the acquisition date that, if known, would have affected the acquisition-date fair value measurements. The retrospective adjustments were mostly driven by refinements in credit loss assumptions because of new information that became available. The revisions principally resulted in a decrease in the estimated credit losses, thus increasing the fair value of acquired loans and reducing the FDIC loss share indemnification asset. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The fair values assigned to the assets acquired and liabilities assumed are subject to refinement for up to one year after the closing date of the acquisition as new information relative to closing date fair values becomes available, and thus, the recognized goodwill may increase or decrease. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the principal changes in fair value as previously reported in Form 10-Qs filed during 2010 and the revised amounts recorded during the measurement period with general explanations of the major changes. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="55%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">April 30, 2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">April 30, 2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">As previously</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">As recasted [a]</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">reported [b]</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Change</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Assets: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loans </div></td> <td> </td> <td align="left">$</td> <td align="right">8,554,744</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8,554,744</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Less: Discount </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,354,287</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4,293,756</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">939,469</td> <td> </td> <td> </td> <td> </td> <td align="right">[c]</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net loans </div></td> <td> </td> <td> </td> <td align="right">5,200,457</td> <td> </td> <td> </td> <td> </td> <td align="right">4,260,988</td> <td> </td> <td> </td> <td> </td> <td align="right">939,469</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">FDIC loss share indemnification asset </div></td> <td> </td> <td> </td> <td align="right">2,337,748</td> <td> </td> <td> </td> <td> </td> <td align="right">3,322,561</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(984,813</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">[d]</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Goodwill </div></td> <td> </td> <td> </td> <td align="right">86,841</td> <td> </td> <td> </td> <td> </td> <td align="right">106,230</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(19,389</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other assets </div></td> <td> </td> <td> </td> <td align="right">649,264</td> <td> </td> <td> </td> <td> </td> <td align="right">670,419</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(21,155</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">[e]</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total assets </div></td> <td> </td> <td align="left">$</td> <td align="right">8,274,310</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8,360,198</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($85,888</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Liabilities: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Deposits </div></td> <td> </td> <td align="left">$</td> <td align="right">2,391,635</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,391,635</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Note issued to the FDIC </div></td> <td> </td> <td> </td> <td align="right">5,770,495</td> <td> </td> <td> </td> <td> </td> <td align="right">5,769,696</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">799</td> <td> </td> <td> </td> <td> </td> <td align="right">[f]</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Equity appreciation instrument </div></td> <td> </td> <td> </td> <td align="right">52,500</td> <td> </td> <td> </td> <td> </td> <td align="right">52,500</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Contingent liability on unfunded loan commitments </div></td> <td> </td> <td> </td> <td align="right">45,755</td> <td> </td> <td> </td> <td> </td> <td align="right">132,442</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(86,687</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">[g]</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other liabilities </div></td> <td> </td> <td> </td> <td align="right">13,925</td> <td> </td> <td> </td> <td> </td> <td align="right">13,925</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total liabilities </div></td> <td> </td> <td align="left">$</td> <td align="right">8,274,310</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8,360,198</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($85,888</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">[a] Amounts reported include retrospective adjustments during the measurement period (ASC Topic 805) related to the Westernbank FDIC-assisted transaction. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">[b] Amounts are presented as previously reported. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">[c] Represents the increase in management’s best estimate of fair value mainly driven by lower expected future credit losses on the acquired loan portfolio based on facts and circumstances existent as of the acquisition date but known to management during the measurement period. The main factors that influenced the revised estimated credit losses included review of collateral, revised appraised values, and review of borrower’s payment capacity in more thorough due diligence procedures. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">[d] This reduction is directly influenced by the reduction in estimated future credit losses as they are substantially covered by the FDIC under the 80% FDIC loss sharing agreements. The FDIC loss share indemnification asset decreased in a greater proportion than the reduction in the loan portfolio estimated future credit losses because of the true-up provision of the loss sharing agreement. As part of the agreement with the FDIC, the Corporation has agreed to make a true-up payment to the FDIC in the event losses on the loss sharing agreements fail to reach expected levels as determined under the criteria stipulated in the agreements. The true-up payment represents an estimated liability of $169 million for the recasted estimates, compared to an estimated liability of $50 million in the original reported estimates. This estimated liability is accounted for as part of the indemnification asset. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">[e] Represents revisions to acquisition date estimated fair values of other real estate properties based on new appraisals obtained. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">[f] Represents an increase in the premium on the note issued to the FDIC, also influenced by the cash flow streams impacted by the revised loan payment estimates. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">[g] Reduction due to revised credit loss estimates and commitments. </div> <div style="font-size: 3pt; margin-top: 6pt; width: 100%; border-top: 1px solid #000000">  </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The recasting did not impact financial results for the previously reported quarter ended March 31, 2010 as the acquisition was effected on April 30, 2010. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table depicts the principal changes in the consolidated statement of operations as a result of the recasting for retrospective adjustments for the quarters ended June 30, 2010 and September 30, 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">As recasted</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">As reported</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">As recasted</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">As reported</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Quarter</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Quarter</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Quarter</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Quarter</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">ended</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">ended</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">ended</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">ended</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">June 30,</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">June 30,</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">September 30,</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">September 30,</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Difference</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Difference</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income </div></td> <td> </td> <td align="left">$</td> <td align="right">314,595</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">278,976</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">35,619</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">356,778</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">386,918</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($30,140</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right">202,258</td> <td> </td> <td> </td> <td> </td> <td align="right">202,258</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">215,013</td> <td> </td> <td> </td> <td> </td> <td align="right">215,013</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income after provision for loan losses </div></td> <td> </td> <td> </td> <td align="right">112,337</td> <td> </td> <td> </td> <td> </td> <td align="right">76,718</td> <td> </td> <td> </td> <td> </td> <td align="right">35,619</td> <td> </td> <td> </td> <td> </td> <td align="right">141,765</td> <td> </td> <td> </td> <td> </td> <td align="right">171,905</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(30,140</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Non-interest income </div></td> <td> </td> <td> </td> <td align="right">198,827</td> <td> </td> <td> </td> <td> </td> <td align="right">215,858</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(17,031</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">825,894</td> <td> </td> <td> </td> <td> </td> <td align="right">796,524</td> <td> </td> <td> </td> <td> </td> <td align="right">29,370</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Operating expenses </div></td> <td> </td> <td> </td> <td align="right">328,416</td> <td> </td> <td> </td> <td> </td> <td align="right">328,416</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">371,541</td> <td> </td> <td> </td> <td> </td> <td align="right">371,547</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">(Loss) income before income tax </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(17,252</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(35,840</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">18,588</td> <td> </td> <td> </td> <td> </td> <td align="right">596,118</td> <td> </td> <td> </td> <td> </td> <td align="right">596,882</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(764</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Income tax expense </div></td> <td> </td> <td> </td> <td align="right">27,237</td> <td> </td> <td> </td> <td> </td> <td align="right">19,988</td> <td> </td> <td> </td> <td> </td> <td align="right">7,249</td> <td> </td> <td> </td> <td> </td> <td align="right">102,032</td> <td> </td> <td> </td> <td> </td> <td align="right">102,388</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(356</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net (loss) income </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($44,489</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($55,828</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">11,339</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">494,086</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">494,494</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($408</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 4 — Related Party Transactions with Affiliated Company:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">On September 30, 2010, the Corporation completed the sale of a 51% majority interest in EVERTEC and retained a 49% ownership interest. Refer to the Corporation’s 2010 Annual Report for details on this sale to an unrelated third-party. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation’s investment in EVERTEC, which is accounted for under the equity method, amounted to $203 million at March 31, 2011 (December 31, 2010 — $197 million), and is included as part of “other assets” in the consolidated statement of condition. The Corporation’s proportionate share of income or loss from EVERTEC is included in other operating income in the consolidated statements of operations since October 1, 2010. The Corporation recognized a $1.9 million loss in other operating income for the period from January 1, 2011 through March 31, 2011 as part of its equity method investment in EVERTEC, which consisted of $11.8 million of the Corporation’s share in EVERTEC’s net income, partially offset by $13.7 million of intercompany income eliminations (investor-investee transactions at 49%). The unfavorable impact of the elimination in other operating income was offset by the elimination of 49% of the professional fees (expense) paid by the Corporation to EVERTEC during the same period. The Corporation did not receive any distributions from EVERTEC during the period from January 1, 2011 through March 31, 2011. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the impact on the Corporation’s results of operations of transactions between the Corporation and EVERTEC (as an affiliate) for the period from January 1, 2011 through March 31, 2011. Items that represent expenses to the Corporation are presented with parenthesis. For consolidation purposes, the Corporation eliminates 49% of the income (expense) between EVERTEC and the Corporation from the corresponding categories in the consolidated statement of operations and the net effect of all items at 49% is eliminated against other operating income, which is the category used to record the Corporation’s share of income (loss) as part of its equity method investment in EVERTEC. The 51% majority interest in the table that follows represents the share of transactions with the affiliate that is not eliminated in the consolidation of the Corporation’s results of operations. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">100%</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">51% majority interest</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Category</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Interest income on loan to EVERTEC </div></td> <td> </td> <td align="left">$</td> <td align="right">1,056</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">538</td> <td> </td> <td> </td> <td colspan="3" align="right">Interest income</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Interest income on investment securities issued by EVERTEC </div></td> <td> </td> <td> </td> <td align="right">963</td> <td> </td> <td> </td> <td> </td> <td align="right">491</td> <td> </td> <td> </td> <td colspan="3" align="right">Interest income</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Interest expense on deposits </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(295</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(150</td> <td nowrap="nowrap">)</td> <td> </td> <td colspan="3" nowrap="nowrap" align="right">Interest expense</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">ATH and credit cards interchange income from services to EVERTEC </div></td> <td> </td> <td> </td> <td align="right">6,793</td> <td> </td> <td> </td> <td> </td> <td align="right">3,465</td> <td> </td> <td> </td> <td colspan="3" align="right" nowrap="nowrap">Other service fees</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Processing fees on services provided by EVERTEC </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(38,678</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(19,726</td> <td nowrap="nowrap">)</td> <td> </td> <td colspan="3" nowrap="nowrap" align="right">Professional fees</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Rental income charged to EVERTEC </div></td> <td> </td> <td> </td> <td align="right">1,807</td> <td> </td> <td> </td> <td> </td> <td align="right">921</td> <td> </td> <td> </td> <td colspan="3" align="right">Net occupancy</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Transition services provided to EVERTEC </div></td> <td> </td> <td> </td> <td align="right">369</td> <td> </td> <td> </td> <td> </td> <td align="right">188</td> <td> </td> <td> </td> <td colspan="3" align="right" nowrap="nowrap">Other operating expenses</td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation had the following financial condition accounts outstanding with EVERTEC at March 31, 2011. The 51% majority interest in the tables that follow represents the share of transactions with the affiliate that is not eliminated in the consolidation of the Corporation’s statement of condition. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">At March 31, 2011</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">100%</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">51% majority interest</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Category</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loans </div></td> <td> </td> <td align="left">$</td> <td align="right">57,459</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">29,304</td> <td> </td> <td> </td> <td colspan="3" align="right">Loans</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Investment securities </div></td> <td> </td> <td> </td> <td align="right">35,000</td> <td> </td> <td> </td> <td> </td> <td align="right">17,850</td> <td> </td> <td> </td> <td colspan="3" align="right" nowrap="nowrap">Investment securities</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Deposits </div></td> <td> </td> <td> </td> <td align="right">50,846</td> <td> </td> <td> </td> <td> </td> <td align="right">25,932</td> <td> </td> <td> </td> <td colspan="3" align="right">Deposits</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accounts receivables </div></td> <td> </td> <td> </td> <td align="right">3,709</td> <td> </td> <td> </td> <td> </td> <td align="right">1,891</td> <td> </td> <td> </td> <td colspan="3" align="right">Other assets</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Accounts payable </div></td> <td> </td> <td> </td> <td align="right">17,078</td> <td> </td> <td> </td> <td> </td> <td align="right">8,710</td> <td> </td> <td> </td> <td colspan="3" align="right" nowrap="nowrap">Other liabilities</td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">At December 31, 2010</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">100%</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">51% majority interest</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Category</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loans </div></td> <td> </td> <td align="left">$</td> <td align="right">58,126</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">29,644</td> <td> </td> <td> </td> <td colspan="3" align="right">Loans</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities </div></td> <td> </td> <td> </td> <td align="right">35,000</td> <td> </td> <td> </td> <td> </td> <td align="right">17,850</td> <td> </td> <td> </td> <td colspan="3" align="right" nowrap="nowrap">Investment securities</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Deposits </div></td> <td> </td> <td> </td> <td align="right">38,761</td> <td> </td> <td> </td> <td> </td> <td align="right">19,768</td> <td> </td> <td> </td> <td colspan="3" align="right">Deposits</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accounts receivables </div></td> <td> </td> <td> </td> <td align="right">3,922</td> <td> </td> <td> </td> <td> </td> <td align="right">2,000</td> <td> </td> <td> </td> <td colspan="3" align="right">Other assets</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Accounts payable </div></td> <td> </td> <td> </td> <td align="right">17,416</td> <td> </td> <td> </td> <td> </td> <td align="right">8,882</td> <td> </td> <td> </td> <td colspan="3" align="right">Other liabilities</td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Prior to the EVERTEC sale transaction on September 30, 2010, EVERTEC had certain performance bonds outstanding, which were guaranteed by the Corporation under a general indemnity agreement between the Corporation and the insurance companies issuing the bonds. The Corporation agreed to maintain, for a 5-year period following September 30, 2010, the guarantee of the performance bonds. The EVERTEC’s performance bonds guaranteed by the Corporation amounted to approximately $10.4 million at March 31, 2011. Also, EVERTEC had an existing letter of credit issued by BPPR, for an amount of $2.9 million. As part of the merger agreement, the Corporation also agreed to maintain outstanding this letter of credit for a 5-year period. EVERTEC and the Corporation entered into a Reimbursement Agreement, in which EVERTEC will reimburse the Corporation for any losses incurred by the Corporation in connection with the performance bonds and the letter of credit. Possible losses resulting from these agreements are considered insignificant. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Furthermore, under the terms of the sale of EVERTEC, the Corporation was required for a period of twelve months following September 30, 2010 to sell its equity interests in Serfinsa and Consorcio de Tarjetas Dominicanas, S.A (“CONTADO”) to EVERTEC, subject to complying with certain rights of first refusal in favor of the Serfinsa and CONTADO shareholders. During the quarter ended March 31, 2011, the Corporation sold its equity interest in CONTADO to CONTADO shareholders and EVERTEC and recognized a gain of $16.7 million, net of tax, upon the sale. The Corporation’s investment in CONTADO, accounted for under the equity method, amounted to $16 million at December 31, 2010. The Corporation continues to hold the equity investment in Serfinsa, which book value approximated $340 thousand at March 31, 2011 (December 31, 2010 — $1.8 million). </div> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 5 — Restrictions on Cash and Due from Banks and Certain Securities:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation’s subsidiary banks are required by federal and state regulatory agencies to maintain average reserve balances with the Federal Reserve Bank of New York or other banks. Those required average reserve balances were approximately $843 million at March 31, 2011 (December 31, 2010 — $835 million; March 31, 2010 — $753 million). Cash and due from banks, as well as other short-term, highly liquid securities, are used to cover the required average reserve balances. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">As required by the Puerto Rico International Banking Center Law, at March 31, 2011, December 31, 2010 and March 31, 2010, the Corporation maintained separately for its two international banking entities (“IBEs”), $0.6 million in time deposits, equally split for the two IBEs, which were considered restricted assets. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2010, as part of a line of credit facility with a financial institution, the Corporation was required to have restricted cash of $1 million as collateral for the line of credit. This restriction expired in July 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011, December 31, 2010 and March 31, 2010, the Corporation maintained restricted cash of $5 million to support a letter of credit. The cash is being held in an interest-bearing money market account. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011 and December 31, 2010, the Corporation maintained restricted cash of $1 million that represents funds deposited in an escrow account which are guaranteeing possible liens or encumbrances over the title and insured properties. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011, the Corporation maintained restricted cash of $14 million to comply with the requirements of the credit card networks (December 31, 2010 — $12 million). </div> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 6 — Pledged Assets:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Certain securities, loans and other real estate owned were pledged to secure public and trust deposits, assets sold under agreements to repurchase, other borrowings and credit facilities available, derivative positions, loan servicing agreements and the loss sharing agreements with the FDIC. The classification and carrying amount of the Corporation’s pledged assets, in which the secured parties are not permitted to sell or repledge the collateral, were as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31, 2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities available-for-sale, at fair value </div></td> <td> </td> <td align="left">$</td> <td align="right">1,529,464</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,867,249</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,873,545</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities held-to-maturity, at amortized cost </div></td> <td> </td> <td> </td> <td align="right">49,734</td> <td> </td> <td> </td> <td> </td> <td align="right">25,770</td> <td> </td> <td> </td> <td> </td> <td align="right">125,770</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loans held-for-sale measured at lower of cost or fair value </div></td> <td> </td> <td> </td> <td align="right">2,638</td> <td> </td> <td> </td> <td> </td> <td align="right">2,862</td> <td> </td> <td> </td> <td> </td> <td align="right">2,507</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loans held-in-portfolio covered under loss sharing agreement with the FDIC </div></td> <td> </td> <td> </td> <td align="right">4,634,499</td> <td> </td> <td> </td> <td> </td> <td align="right">4,787,002</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loans held-in-portfolio not covered under loss sharing agreements with the FDIC </div></td> <td> </td> <td> </td> <td align="right">9,897,243</td> <td> </td> <td> </td> <td> </td> <td align="right">9,695,200</td> <td> </td> <td> </td> <td> </td> <td align="right">8,374,460</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other real estate covered under loss sharing agreements with the FDIC </div></td> <td> </td> <td> </td> <td align="right">65,562</td> <td> </td> <td> </td> <td> </td> <td align="right">57,565</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total pledged assets </div></td> <td> </td> <td align="left">$</td> <td align="right">16,179,140</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16,435,648</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10,376,282</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Pledged securities and loans that the creditor has the right by custom or contract to repledge are presented separately on the consolidated statements of condition. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011, investment securities available-for-sale and held-to-maturity totaling $1.0 billion, and loans of $0.7 billion, served as collateral to secure public funds (December 31, 2010 — $1.3 billion and $0.5 million, respectively; March 31, 2010 — $1.5 billion of investment securities available-for-sale and held-to-maturity). </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation’s banking subsidiaries have the ability to borrow funds from the Federal Home Loan Bank of New York (“FHLB”) and from the Federal Reserve Bank of New York (“Fed”). At March 31, 2011, the banking subsidiaries had short-term and long-term credit facilities authorized with the FHLB aggregating $1.7 billion (December 31, 2010 — $1.6 billion; March 31, 2010 — $1.9 billion). Refer to Note 16 to the consolidated financial statements for borrowings outstanding under these credit facilities. At March 31, 2011, the credit facilities authorized with the FHLB were collateralized by $3.7 billion in loans held-in-portfolio (December 31, 2010 — $3.8 billion; March 31, 2010 — $3.2 billion in loans-held-in portfolio and investment securities available-for-sale). Also, the Corporation’s banking subsidiaries had a borrowing capacity at the Fed discount window of $2.8 billion (December 31, 2010 — $2.7 billion; March 31, 2010 — $3.4 billion), which remained unused as of such date. The amount available under this credit facility is dependent upon the balance of loans and securities pledged as collateral. At March 31, 2011, the credit facilities with the Fed discount window were collateralized by $5.5 billion in loans held-in-portfolio (December 31, 2010 — $5.4 billion; March 31, 2010 — $5.2 billion). These pledged assets are included in the above table and were not reclassified and separately reported in the consolidated statement of condition at March 31, 2011. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Loans held-in-portfolio and other real estate owned that are covered by loss sharing agreements with the FDIC amounting to $4.7 billion at March 31, 2011 (December 31, 2010 — $4.8 billion), serve as collateral to secure the note issued to the FDIC. Refer to Note 16 to the consolidated financial statements for descriptive information on the note issued to the FDIC. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 7 — Investment Securities Available-For-Sale:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the amortized cost, gross unrealized gains and losses, approximate fair value, weighted average yield and contractual maturities of investment securities available-for-sale at March 31, 2011, December 31, 2010 and March 31, 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="20" style="border-bottom: 1px solid #000000">At March 31, 2011</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amortized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Weighted Average</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Cost</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gains</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Yield</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Treasury securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:60px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td align="left">$</td> <td align="right">7,003</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">98</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,101</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">1.50</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:60px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">28,505</td> <td> </td> <td> </td> <td> </td> <td align="right">2,076</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">30,581</td> <td> </td> <td> </td> <td> </td> <td align="right">3.81</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total U.S. Treasury securities </div></td> <td> </td> <td> </td> <td align="right">35,508</td> <td> </td> <td> </td> <td> </td> <td align="right">2,174</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">37,682</td> <td> </td> <td> </td> <td> </td> <td align="right">3.35</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of U.S. Government sponsored entities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">230,290</td> <td> </td> <td> </td> <td> </td> <td align="right">906</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">921</td> <td> </td> <td> </td> <td> </td> <td align="right">230,275</td> <td> </td> <td> </td> <td> </td> <td align="right">2.95</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">1,005,737</td> <td> </td> <td> </td> <td> </td> <td align="right">45,685</td> <td> </td> <td> </td> <td> </td> <td align="right">92</td> <td> </td> <td> </td> <td> </td> <td align="right">1,051,330</td> <td> </td> <td> </td> <td> </td> <td align="right">3.73</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">180,000</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">518</td> <td> </td> <td> </td> <td> </td> <td align="right">179,482</td> <td> </td> <td> </td> <td> </td> <td align="right">2.66</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total obligations of U.S. Government sponsored entities </div></td> <td> </td> <td> </td> <td align="right">1,416,027</td> <td> </td> <td> </td> <td> </td> <td align="right">46,591</td> <td> </td> <td> </td> <td> </td> <td align="right">1,531</td> <td> </td> <td> </td> <td> </td> <td align="right">1,461,087</td> <td> </td> <td> </td> <td> </td> <td align="right">3.47</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">10,357</td> <td> </td> <td> </td> <td> </td> <td align="right">10</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">10,367</td> <td> </td> <td> </td> <td> </td> <td align="right">3.92</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">15,753</td> <td> </td> <td> </td> <td> </td> <td align="right">255</td> <td> </td> <td> </td> <td> </td> <td align="right">6</td> <td> </td> <td> </td> <td> </td> <td align="right">16,002</td> <td> </td> <td> </td> <td> </td> <td align="right">4.52</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">20,765</td> <td> </td> <td> </td> <td> </td> <td align="right">35</td> <td> </td> <td> </td> <td> </td> <td align="right">167</td> <td> </td> <td> </td> <td> </td> <td align="right">20,633</td> <td> </td> <td> </td> <td> </td> <td align="right">5.07</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">5,505</td> <td> </td> <td> </td> <td> </td> <td align="right">62</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">5,567</td> <td> </td> <td> </td> <td> </td> <td align="right">5.28</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">52,380</td> <td> </td> <td> </td> <td> </td> <td align="right">362</td> <td> </td> <td> </td> <td> </td> <td align="right">173</td> <td> </td> <td> </td> <td> </td> <td align="right">52,569</td> <td> </td> <td> </td> <td> </td> <td align="right">4.70</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — federal agencies </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">35</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">35</td> <td> </td> <td> </td> <td> </td> <td align="right">3.36</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">1,737</td> <td> </td> <td> </td> <td> </td> <td align="right">88</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,825</td> <td> </td> <td> </td> <td> </td> <td align="right">4.76</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">91,067</td> <td> </td> <td> </td> <td> </td> <td align="right">1,019</td> <td> </td> <td> </td> <td> </td> <td align="right">865</td> <td> </td> <td> </td> <td> </td> <td align="right">91,221</td> <td> </td> <td> </td> <td> </td> <td align="right">2.47</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">1,487,274</td> <td> </td> <td> </td> <td> </td> <td align="right">28,001</td> <td> </td> <td> </td> <td> </td> <td align="right">1,011</td> <td> </td> <td> </td> <td> </td> <td align="right">1,514,264</td> <td> </td> <td> </td> <td> </td> <td align="right">2.94</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total collateralized mortgage obligations — federal agencies </div></td> <td> </td> <td> </td> <td align="right">1,580,113</td> <td> </td> <td> </td> <td> </td> <td align="right">29,108</td> <td> </td> <td> </td> <td> </td> <td align="right">1,876</td> <td> </td> <td> </td> <td> </td> <td align="right">1,607,345</td> <td> </td> <td> </td> <td> </td> <td align="right">2.91</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">8,109</td> <td> </td> <td> </td> <td> </td> <td align="right">13</td> <td> </td> <td> </td> <td> </td> <td align="right">90</td> <td> </td> <td> </td> <td> </td> <td align="right">8,032</td> <td> </td> <td> </td> <td> </td> <td align="right">0.86</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">73,612</td> <td> </td> <td> </td> <td> </td> <td align="right">51</td> <td> </td> <td> </td> <td> </td> <td align="right">4,547</td> <td> </td> <td> </td> <td> </td> <td align="right">69,116</td> <td> </td> <td> </td> <td> </td> <td align="right">2.30</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right">81,721</td> <td> </td> <td> </td> <td> </td> <td align="right">64</td> <td> </td> <td> </td> <td> </td> <td align="right">4,637</td> <td> </td> <td> </td> <td> </td> <td align="right">77,148</td> <td> </td> <td> </td> <td> </td> <td align="right">2.16</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage — backed securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">633</td> <td> </td> <td> </td> <td> </td> <td align="right">51</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">684</td> <td> </td> <td> </td> <td> </td> <td align="right">5.35</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">13,444</td> <td> </td> <td> </td> <td> </td> <td align="right">519</td> <td> </td> <td> </td> <td> </td> <td align="right">4</td> <td> </td> <td> </td> <td> </td> <td align="right">13,959</td> <td> </td> <td> </td> <td> </td> <td align="right">3.98</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">164,579</td> <td> </td> <td> </td> <td> </td> <td align="right">10,230</td> <td> </td> <td> </td> <td> </td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">174,801</td> <td> </td> <td> </td> <td> </td> <td align="right">4.71</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">2,143,295</td> <td> </td> <td> </td> <td> </td> <td align="right">81,696</td> <td> </td> <td> </td> <td> </td> <td align="right">967</td> <td> </td> <td> </td> <td> </td> <td align="right">2,224,024</td> <td> </td> <td> </td> <td> </td> <td align="right">4.25</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total mortgage — backed securities </div></td> <td> </td> <td> </td> <td align="right">2,321,951</td> <td> </td> <td> </td> <td> </td> <td align="right">92,496</td> <td> </td> <td> </td> <td> </td> <td align="right">979</td> <td> </td> <td> </td> <td> </td> <td align="right">2,413,468</td> <td> </td> <td> </td> <td> </td> <td align="right">4.28</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Equity securities (without contractual maturity) </div></td> <td> </td> <td> </td> <td align="right">8,722</td> <td> </td> <td> </td> <td> </td> <td align="right">968</td> <td> </td> <td> </td> <td> </td> <td align="right">256</td> <td> </td> <td> </td> <td> </td> <td align="right">9,434</td> <td> </td> <td> </td> <td> </td> <td align="right">3.43</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">17,850</td> <td> </td> <td> </td> <td> </td> <td align="right">2,363</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">20,213</td> <td> </td> <td> </td> <td> </td> <td align="right">11.00</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">7,473</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">78</td> <td> </td> <td> </td> <td> </td> <td align="right">7,395</td> <td> </td> <td> </td> <td> </td> <td align="right">3.62</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total other </div></td> <td> </td> <td> </td> <td align="right">25,323</td> <td> </td> <td> </td> <td> </td> <td align="right">2,363</td> <td> </td> <td> </td> <td> </td> <td align="right">78</td> <td> </td> <td> </td> <td> </td> <td align="right">27,608</td> <td> </td> <td> </td> <td> </td> <td align="right">8.82</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities available-for-sale </div></td> <td> </td> <td align="left">$</td> <td align="right">5,521,745</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">174,126</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,530</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,686,341</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">3.67</td> <td nowrap="nowrap">%</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="20" style="border-bottom: 1px solid #000000">At December 31, 2010</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amortized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Weighted Average</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Cost</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gains</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Yield</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Treasury securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td align="left">$</td> <td align="right">7,001</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">122</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,123</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">1.50</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">28,676</td> <td> </td> <td> </td> <td> </td> <td align="right">2,337</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">31,013</td> <td> </td> <td> </td> <td> </td> <td align="right">3.81</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total U.S. Treasury securities </div></td> <td> </td> <td> </td> <td align="right">35,677</td> <td> </td> <td> </td> <td> </td> <td align="right">2,459</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">38,136</td> <td> </td> <td> </td> <td> </td> <td align="right">3.36</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of U.S. Government sponsored entities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">153,738</td> <td> </td> <td> </td> <td> </td> <td align="right">2,043</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">155,781</td> <td> </td> <td> </td> <td> </td> <td align="right">3.39</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">1,000,955</td> <td> </td> <td> </td> <td> </td> <td align="right">53,681</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">661</td> <td> </td> <td> </td> <td> </td> <td align="right">1,053,975</td> <td> </td> <td> </td> <td> </td> <td align="right">3.72</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">1,512</td> <td> </td> <td> </td> <td> </td> <td align="right">36</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,548</td> <td> </td> <td> </td> <td> </td> <td align="right">6.30</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total obligations of U.S. Government sponsored entities </div></td> <td> </td> <td> </td> <td align="right">1,156,205</td> <td> </td> <td> </td> <td> </td> <td align="right">55,760</td> <td> </td> <td> </td> <td> </td> <td align="right">661</td> <td> </td> <td> </td> <td> </td> <td align="right">1,211,304</td> <td> </td> <td> </td> <td> </td> <td align="right">3.68</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">10,404</td> <td> </td> <td> </td> <td> </td> <td align="right">19</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">10,423</td> <td> </td> <td> </td> <td> </td> <td align="right">3.92</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">15,853</td> <td> </td> <td> </td> <td> </td> <td align="right">279</td> <td> </td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right">16,127</td> <td> </td> <td> </td> <td> </td> <td align="right">4.52</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">20,765</td> <td> </td> <td> </td> <td> </td> <td align="right">43</td> <td> </td> <td> </td> <td> </td> <td align="right">194</td> <td> </td> <td> </td> <td> </td> <td align="right">20,614</td> <td> </td> <td> </td> <td> </td> <td align="right">5.07</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">5,505</td> <td> </td> <td> </td> <td> </td> <td align="right">52</td> <td> </td> <td> </td> <td> </td> <td align="right">19</td> <td> </td> <td> </td> <td> </td> <td align="right">5,538</td> <td> </td> <td> </td> <td> </td> <td align="right">5.28</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">52,527</td> <td> </td> <td> </td> <td> </td> <td align="right">393</td> <td> </td> <td> </td> <td> </td> <td align="right">218</td> <td> </td> <td> </td> <td> </td> <td align="right">52,702</td> <td> </td> <td> </td> <td> </td> <td align="right">4.70</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — federal agencies </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">77</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">78</td> <td> </td> <td> </td> <td> </td> <td align="right">3.88</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">1,846</td> <td> </td> <td> </td> <td> </td> <td align="right">105</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,951</td> <td> </td> <td> </td> <td> </td> <td align="right">4.77</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">107,186</td> <td> </td> <td> </td> <td> </td> <td align="right">1,507</td> <td> </td> <td> </td> <td> </td> <td align="right">936</td> <td> </td> <td> </td> <td> </td> <td align="right">107,757</td> <td> </td> <td> </td> <td> </td> <td align="right">2.50</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">1,096,271</td> <td> </td> <td> </td> <td> </td> <td align="right">32,248</td> <td> </td> <td> </td> <td> </td> <td align="right">11</td> <td> </td> <td> </td> <td> </td> <td align="right">1,128,508</td> <td> </td> <td> </td> <td> </td> <td align="right">2.87</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total collateralized mortgage obligations — federal agencies </div></td> <td> </td> <td> </td> <td align="right">1,205,380</td> <td> </td> <td> </td> <td> </td> <td align="right">33,861</td> <td> </td> <td> </td> <td> </td> <td align="right">947</td> <td> </td> <td> </td> <td> </td> <td align="right">1,238,294</td> <td> </td> <td> </td> <td> </td> <td align="right">2.84</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">10,208</td> <td> </td> <td> </td> <td> </td> <td align="right">31</td> <td> </td> <td> </td> <td> </td> <td align="right">158</td> <td> </td> <td> </td> <td> </td> <td align="right">10,081</td> <td> </td> <td> </td> <td> </td> <td align="right">1.20</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">79,311</td> <td> </td> <td> </td> <td> </td> <td align="right">78</td> <td> </td> <td> </td> <td> </td> <td align="right">4,532</td> <td> </td> <td> </td> <td> </td> <td align="right">74,857</td> <td> </td> <td> </td> <td> </td> <td align="right">2.29</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right">89,519</td> <td> </td> <td> </td> <td> </td> <td align="right">109</td> <td> </td> <td> </td> <td> </td> <td align="right">4,690</td> <td> </td> <td> </td> <td> </td> <td align="right">84,938</td> <td> </td> <td> </td> <td> </td> <td align="right">2.17</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage — backed securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">2,983</td> <td> </td> <td> </td> <td> </td> <td align="right">101</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">3,084</td> <td> </td> <td> </td> <td> </td> <td align="right">3.62</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">15,738</td> <td> </td> <td> </td> <td> </td> <td align="right">649</td> <td> </td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">16,384</td> <td> </td> <td> </td> <td> </td> <td align="right">3.98</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">170,662</td> <td> </td> <td> </td> <td> </td> <td align="right">10,580</td> <td> </td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">181,239</td> <td> </td> <td> </td> <td> </td> <td align="right">4.71</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">2,289,210</td> <td> </td> <td> </td> <td> </td> <td align="right">86,870</td> <td> </td> <td> </td> <td> </td> <td align="right">632</td> <td> </td> <td> </td> <td> </td> <td align="right">2,375,448</td> <td> </td> <td> </td> <td> </td> <td align="right">4.26</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total mortgage — backed securities </div></td> <td> </td> <td> </td> <td align="right">2,478,593</td> <td> </td> <td> </td> <td> </td> <td align="right">98,200</td> <td> </td> <td> </td> <td> </td> <td align="right">638</td> <td> </td> <td> </td> <td> </td> <td align="right">2,576,155</td> <td> </td> <td> </td> <td> </td> <td align="right">4.29</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Equity securities (without contractual maturity) </div></td> <td> </td> <td> </td> <td align="right">8,722</td> <td> </td> <td> </td> <td> </td> <td align="right">855</td> <td> </td> <td> </td> <td> </td> <td align="right">102</td> <td> </td> <td> </td> <td> </td> <td align="right">9,475</td> <td> </td> <td> </td> <td> </td> <td align="right">3.43</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">17,850</td> <td> </td> <td> </td> <td> </td> <td align="right">262</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">18,112</td> <td> </td> <td> </td> <td> </td> <td align="right">10.98</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">7,805</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">69</td> <td> </td> <td> </td> <td> </td> <td align="right">7,736</td> <td> </td> <td> </td> <td> </td> <td align="right">3.62</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total other </div></td> <td> </td> <td> </td> <td align="right">25,655</td> <td> </td> <td> </td> <td> </td> <td align="right">262</td> <td> </td> <td> </td> <td> </td> <td align="right">69</td> <td> </td> <td> </td> <td> </td> <td align="right">25,848</td> <td> </td> <td> </td> <td> </td> <td align="right">8.74</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities available-for-sale </div></td> <td> </td> <td align="left">$</td> <td align="right">5,052,278</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">191,899</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,325</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,236,852</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">3.78</td> <td nowrap="nowrap">%</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="20" style="border-bottom: 1px solid #000000">At March 31, 2010</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amortized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Weighted Average</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Cost</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gains</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Yield</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Treasury securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td align="left">$</td> <td align="right">56,767</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">81</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">56,686</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">1.53</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">29,193</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,349</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">30,542</td> <td> </td> <td> </td> <td> </td> <td align="right">3.80</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total U.S. Treasury securities </div></td> <td> </td> <td> </td> <td align="right">85,960</td> <td> </td> <td> </td> <td> </td> <td align="right">1,349</td> <td> </td> <td> </td> <td> </td> <td align="right">81</td> <td> </td> <td> </td> <td> </td> <td align="right">87,228</td> <td> </td> <td> </td> <td> </td> <td align="right">2.30</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of U.S. Government sponsored entities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">338,331</td> <td> </td> <td> </td> <td> </td> <td align="right">5,017</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">343,348</td> <td> </td> <td> </td> <td> </td> <td align="right">3.67</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">1,247,333</td> <td> </td> <td> </td> <td> </td> <td align="right">59,077</td> <td> </td> <td> </td> <td> </td> <td align="right">385</td> <td> </td> <td> </td> <td> </td> <td align="right">1,306,025</td> <td> </td> <td> </td> <td> </td> <td align="right">3.65</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">27,812</td> <td> </td> <td> </td> <td> </td> <td align="right">473</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">28,285</td> <td> </td> <td> </td> <td> </td> <td align="right">4.96</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">26,886</td> <td> </td> <td> </td> <td> </td> <td align="right">718</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">27,604</td> <td> </td> <td> </td> <td> </td> <td align="right">5.68</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total obligations of U.S. Government sponsored entities </div></td> <td> </td> <td> </td> <td align="right">1,640,362</td> <td> </td> <td> </td> <td> </td> <td align="right">65,285</td> <td> </td> <td> </td> <td> </td> <td align="right">385</td> <td> </td> <td> </td> <td> </td> <td align="right">1,705,262</td> <td> </td> <td> </td> <td> </td> <td align="right">3.71</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right">3.77</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">22,166</td> <td> </td> <td> </td> <td> </td> <td align="right">54</td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td> </td> <td> </td> <td align="right">22,218</td> <td> </td> <td> </td> <td> </td> <td align="right">4.08</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">50,909</td> <td> </td> <td> </td> <td> </td> <td align="right">254</td> <td> </td> <td> </td> <td> </td> <td align="right">2,589</td> <td> </td> <td> </td> <td> </td> <td align="right">48,574</td> <td> </td> <td> </td> <td> </td> <td align="right">5.08</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">7,840</td> <td> </td> <td> </td> <td> </td> <td align="right">111</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">7,951</td> <td> </td> <td> </td> <td> </td> <td align="right">5.27</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">80,920</td> <td> </td> <td> </td> <td> </td> <td align="right">419</td> <td> </td> <td> </td> <td> </td> <td align="right">2,591</td> <td> </td> <td> </td> <td> </td> <td align="right">78,748</td> <td> </td> <td> </td> <td> </td> <td align="right">4.82</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — federal agencies </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">5,232</td> <td> </td> <td> </td> <td> </td> <td align="right">171</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">5,403</td> <td> </td> <td> </td> <td> </td> <td align="right">4.59</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">111,222</td> <td> </td> <td> </td> <td> </td> <td align="right">1,894</td> <td> </td> <td> </td> <td> </td> <td align="right">114</td> <td> </td> <td> </td> <td> </td> <td align="right">113,002</td> <td> </td> <td> </td> <td> </td> <td align="right">2.71</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">1,335,392</td> <td> </td> <td> </td> <td> </td> <td align="right">25,982</td> <td> </td> <td> </td> <td> </td> <td align="right">2,248</td> <td> </td> <td> </td> <td> </td> <td align="right">1,359,126</td> <td> </td> <td> </td> <td> </td> <td align="right">2.96</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total collateralized mortgage obligations — federal agencies </div></td> <td> </td> <td> </td> <td align="right">1,451,846</td> <td> </td> <td> </td> <td> </td> <td align="right">28,047</td> <td> </td> <td> </td> <td> </td> <td align="right">2,362</td> <td> </td> <td> </td> <td> </td> <td align="right">1,477,531</td> <td> </td> <td> </td> <td> </td> <td align="right">2.95</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">18,757</td> <td> </td> <td> </td> <td> </td> <td align="right">19</td> <td> </td> <td> </td> <td> </td> <td align="right">573</td> <td> </td> <td> </td> <td> </td> <td align="right">18,203</td> <td> </td> <td> </td> <td> </td> <td align="right">2.07</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">98,289</td> <td> </td> <td> </td> <td> </td> <td align="right">187</td> <td> </td> <td> </td> <td> </td> <td align="right">7,330</td> <td> </td> <td> </td> <td> </td> <td align="right">91,146</td> <td> </td> <td> </td> <td> </td> <td align="right">2.48</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right">117,046</td> <td> </td> <td> </td> <td> </td> <td align="right">206</td> <td> </td> <td> </td> <td> </td> <td align="right">7,903</td> <td> </td> <td> </td> <td> </td> <td align="right">109,349</td> <td> </td> <td> </td> <td> </td> <td align="right">2.41</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage-backed securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">25,679</td> <td> </td> <td> </td> <td> </td> <td align="right">356</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">26,035</td> <td> </td> <td> </td> <td> </td> <td align="right">3.46</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">22,885</td> <td> </td> <td> </td> <td> </td> <td align="right">624</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">23,508</td> <td> </td> <td> </td> <td> </td> <td align="right">3.97</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">194,798</td> <td> </td> <td> </td> <td> </td> <td align="right">10,822</td> <td> </td> <td> </td> <td> </td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">205,612</td> <td> </td> <td> </td> <td> </td> <td align="right">4.81</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">2,767,080</td> <td> </td> <td> </td> <td> </td> <td align="right">49,182</td> <td> </td> <td> </td> <td> </td> <td align="right">2,905</td> <td> </td> <td> </td> <td> </td> <td align="right">2,813,357</td> <td> </td> <td> </td> <td> </td> <td align="right">4.36</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total mortgage-backed securities </div></td> <td> </td> <td> </td> <td align="right">3,010,442</td> <td> </td> <td> </td> <td> </td> <td align="right">60,984</td> <td> </td> <td> </td> <td> </td> <td align="right">2,914</td> <td> </td> <td> </td> <td> </td> <td align="right">3,068,512</td> <td> </td> <td> </td> <td> </td> <td align="right">4.38</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Equity securities </div></td> <td> </td> <td> </td> <td align="right">8,959</td> <td> </td> <td> </td> <td> </td> <td align="right">580</td> <td> </td> <td> </td> <td> </td> <td align="right">423</td> <td> </td> <td> </td> <td> </td> <td align="right">9,116</td> <td> </td> <td> </td> <td> </td> <td align="right">3.28</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities available-for-sale </div></td> <td> </td> <td align="left">$</td> <td align="right">6,395,535</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">156,870</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16,659</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,535,746</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">3.82</td> <td nowrap="nowrap">%</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The weighted average yield on investment securities available-for-sale is based on amortized cost; therefore, it does not give effect to changes in fair value. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Securities not due on a single contractual maturity date, such as mortgage-backed securities and collateralized mortgage obligations, are classified in the period of final contractual maturity. The expected maturities of collateralized mortgage obligations, mortgage-backed securities and certain other securities may differ from their contractual maturities because they may be subject to prepayments or may be called by the issuer. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">There were no securities sold during the quarters ended March 31, 2011 and 2010. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the Corporation’s fair value and gross unrealized losses of investment securities available-for-sale, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2011, December 31, 2010 and March 31, 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6">At March 31, 2011</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Less than 12 months</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">12 months or more</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000">Total</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of U.S. Government sponsored entities </div></td> <td> </td> <td align="left">$</td> <td align="right">304,080</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,531</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">304,080</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,531</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">18,138</td> <td> </td> <td> </td> <td> </td> <td align="right">167</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">301</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6</td> <td> </td> <td> </td> <td> </td> <td align="right">18,439</td> <td> </td> <td> </td> <td> </td> <td align="right">173</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — federal agencies </div></td> <td> </td> <td> </td> <td align="right">345,887</td> <td> </td> <td> </td> <td> </td> <td align="right">1,876</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">345,887</td> <td> </td> <td> </td> <td> </td> <td align="right">1,876</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right">21,678</td> <td> </td> <td> </td> <td> </td> <td align="right">252</td> <td> </td> <td> </td> <td> </td> <td align="right">46,424</td> <td> </td> <td> </td> <td> </td> <td align="right">4,385</td> <td> </td> <td> </td> <td> </td> <td align="right">68,102</td> <td> </td> <td> </td> <td> </td> <td align="right">4,637</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage backed securities </div></td> <td> </td> <td> </td> <td align="right">35,010</td> <td> </td> <td> </td> <td> </td> <td align="right">714</td> <td> </td> <td> </td> <td> </td> <td align="right">9,185</td> <td> </td> <td> </td> <td> </td> <td align="right">265</td> <td> </td> <td> </td> <td> </td> <td align="right">44,195</td> <td> </td> <td> </td> <td> </td> <td align="right">979</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Equity securities </div></td> <td> </td> <td> </td> <td align="right">3,798</td> <td> </td> <td> </td> <td> </td> <td align="right">169</td> <td> </td> <td> </td> <td> </td> <td align="right">51</td> <td> </td> <td> </td> <td> </td> <td align="right">87</td> <td> </td> <td> </td> <td> </td> <td align="right">3,849</td> <td> </td> <td> </td> <td> </td> <td align="right">256</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">7,395</td> <td> </td> <td> </td> <td> </td> <td align="right">78</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">7,395</td> <td> </td> <td> </td> <td> </td> <td align="right">78</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities available-for-sale in an unrealized loss position </div></td> <td> </td> <td align="left">$</td> <td align="right">735,986</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,787</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">55,961</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,743</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">791,947</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,530</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6">At December 31, 2010</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Less than 12 months</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">12 months or more</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000">Total</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of U.S. Government sponsored entities </div></td> <td> </td> <td align="left">$</td> <td align="right">24,284</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">661</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">24,284</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">661</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">19,357</td> <td> </td> <td> </td> <td> </td> <td align="right">213</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">303</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right">19,660</td> <td> </td> <td> </td> <td> </td> <td align="right">218</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — federal agencies </div></td> <td> </td> <td> </td> <td align="right">40,212</td> <td> </td> <td> </td> <td> </td> <td align="right">945</td> <td> </td> <td> </td> <td> </td> <td align="right">2,505</td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td> </td> <td> </td> <td align="right">42,717</td> <td> </td> <td> </td> <td> </td> <td align="right">947</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right">21,231</td> <td> </td> <td> </td> <td> </td> <td align="right">292</td> <td> </td> <td> </td> <td> </td> <td align="right">52,302</td> <td> </td> <td> </td> <td> </td> <td align="right">4,398</td> <td> </td> <td> </td> <td> </td> <td align="right">73,533</td> <td> </td> <td> </td> <td> </td> <td align="right">4,690</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage backed securities </div></td> <td> </td> <td> </td> <td align="right">33,261</td> <td> </td> <td> </td> <td> </td> <td align="right">406</td> <td> </td> <td> </td> <td> </td> <td align="right">9,257</td> <td> </td> <td> </td> <td> </td> <td align="right">232</td> <td> </td> <td> </td> <td> </td> <td align="right">42,518</td> <td> </td> <td> </td> <td> </td> <td align="right">638</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Equity securities </div></td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">43</td> <td> </td> <td> </td> <td> </td> <td align="right">94</td> <td> </td> <td> </td> <td> </td> <td align="right">46</td> <td> </td> <td> </td> <td> </td> <td align="right">102</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">7,736</td> <td> </td> <td> </td> <td> </td> <td align="right">69</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">7,736</td> <td> </td> <td> </td> <td> </td> <td align="right">69</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities available-for-sale in an unrealized loss position </div></td> <td> </td> <td align="left">$</td> <td align="right">146,084</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,594</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">64,410</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,731</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">210,494</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,325</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">At March 31, 2010</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Less than 12 months</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">12 months or more</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000">Total</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Treasury securities </div></td> <td> </td> <td align="left">$</td> <td align="right">56,686</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">81</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">56,686</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">81</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of U.S. government sponsored entities </div></td> <td> </td> <td> </td> <td align="right">104,722</td> <td> </td> <td> </td> <td> </td> <td align="right">385</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">104,722</td> <td> </td> <td> </td> <td> </td> <td align="right">385</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">10,229</td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">41,420</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,589</td> <td> </td> <td> </td> <td> </td> <td align="right">51,649</td> <td> </td> <td> </td> <td> </td> <td align="right">2,591</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — federal agencies </div></td> <td> </td> <td> </td> <td align="right">179,958</td> <td> </td> <td> </td> <td> </td> <td align="right">1,474</td> <td> </td> <td> </td> <td> </td> <td align="right">177,065</td> <td> </td> <td> </td> <td> </td> <td align="right">888</td> <td> </td> <td> </td> <td> </td> <td align="right">357,023</td> <td> </td> <td> </td> <td> </td> <td align="right">2,362</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right">204</td> <td> </td> <td> </td> <td> </td> <td align="right">11</td> <td> </td> <td> </td> <td> </td> <td align="right">91,374</td> <td> </td> <td> </td> <td> </td> <td align="right">7,892</td> <td> </td> <td> </td> <td> </td> <td align="right">91,578</td> <td> </td> <td> </td> <td> </td> <td align="right">7,903</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage backed securities </div></td> <td> </td> <td> </td> <td align="right">631,327</td> <td> </td> <td> </td> <td> </td> <td align="right">2,855</td> <td> </td> <td> </td> <td> </td> <td align="right">3,191</td> <td> </td> <td> </td> <td> </td> <td align="right">59</td> <td> </td> <td> </td> <td> </td> <td align="right">634,518</td> <td> </td> <td> </td> <td> </td> <td align="right">2,914</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Equity securities </div></td> <td> </td> <td> </td> <td align="right">3,292</td> <td> </td> <td> </td> <td> </td> <td align="right">65</td> <td> </td> <td> </td> <td> </td> <td align="right">3,944</td> <td> </td> <td> </td> <td> </td> <td align="right">358</td> <td> </td> <td> </td> <td> </td> <td align="right">7,236</td> <td> </td> <td> </td> <td> </td> <td align="right">423</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities available-for-sale in an unrealized loss position </div></td> <td> </td> <td align="left">$</td> <td align="right">986,418</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,873</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">316,994</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">11,786</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,303,412</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16,659</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Management evaluates investment securities for other-than-temporary (“OTTI”) declines in fair value on a quarterly basis. Once a decline in value is determined to be other-than-temporary, the value of a debt security is reduced and a corresponding charge to earnings is recognized for anticipated credit losses. Also, for equity securities that are considered other-than-temporarily impaired, the excess of the security’s carrying value over its fair value at the evaluation date is accounted for as a loss in the results of operations. The OTTI analysis requires management to consider various factors, which include, but are not limited to: (1) the length of time and the extent to which fair value has been less than the amortized cost basis, (2) the financial condition of the issuer or issuers, (3) actual collateral attributes, (4) the payment structure of the debt security and the likelihood of the issuer being able to make payments, (5) any rating changes by a rating agency, (6) adverse conditions specifically related to the security, industry, or a geographic area, and (7) management’s intent to sell the debt security or whether it is more likely than not that the Corporation would be required to sell the debt security before a forecasted recovery occurs. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011, management performed its quarterly analysis of all debt securities in an unrealized loss position. Based on the analyses performed, management concluded that no individual debt security was other-than-temporarily impaired as of such date. At March 31, 2011, the Corporation did not have the intent to sell debt securities in an unrealized loss position and it is not more likely than not that the Corporation will have to sell the investment securities prior to recovery of their amortized cost basis. Also, management evaluated the Corporation’s portfolio of equity securities at March 31, 2011. During the quarter ended March 31, 2011, the Corporation did not record any other-than-temporary impairment losses on equity securities. Management has the intent and ability to hold the investments in equity securities that are at a loss position at March 31, 2011 for a reasonable period of time for a forecasted recovery of fair value up to (or beyond) the cost of these investments. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The unrealized losses associated with “Collateralized mortgage obligations — private label” are primarily related to securities backed by residential mortgages. In addition to verifying the credit ratings for the private-label CMOs, management analyzed the underlying mortgage loan collateral for these bonds. Various statistics or metrics were reviewed for each private-label CMO, including among others, the weighted average loan-to-value, FICO score, and delinquency and foreclosure rates of the underlying assets in the securities. At March 31, 2011, there were no “sub-prime” securities in the Corporation’s private-label CMOs portfolios. For private-label CMOs with unrealized losses at March 31, 2011, credit impairment was assessed using a cash flow model that estimates the cash flows on the underlying mortgages, using the security-specific collateral and transaction structure. The model estimates cash flows from the underlying mortgage loans and distributes those cash flows to various tranches of securities, considering the transaction structure and any subordination and credit enhancements that exist in that structure. The cash flow model incorporates actual cash flows through the current period and then projects the expected cash flows using a number of assumptions, including default rates, loss severity and prepayment rates. Management’s assessment also considered tests using more stressful parameters. Based on the assessments, management concluded that the tranches of the private-label CMOs held by the Corporation were not other-than-temporarily impaired at March 31, 2011, thus management expects to recover the amortized cost basis of the securities. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table states the name of issuers, and the aggregate amortized cost and fair value of the securities of such issuer (includes available-for-sale and held-to-maturity securities), in which the aggregate amortized cost of such securities exceeds 10% of stockholders’ equity. This information excludes securities backed by the full faith and credit of the U.S. Government. Investments in obligations issued by a state of the U.S. and its political subdivisions and agencies, which are payable and secured by the same source of revenue or taxing authority, other than the U.S. Government, are considered securities of a single issuer. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">March 31, 2011</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">December 31, 2010</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">March 31, 2010</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amortized Cost</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amortized Cost</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amortized Cost</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair Value</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">FNMA </div></td> <td> </td> <td align="left">$</td> <td align="right">1,029,936</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,057,977</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">757,812</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">789,838</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,043,826</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,070,275</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">FHLB </div></td> <td> </td> <td> </td> <td align="right">1,003,317</td> <td> </td> <td> </td> <td> </td> <td align="right">1,047,747</td> <td> </td> <td> </td> <td> </td> <td align="right">1,003,395</td> <td> </td> <td> </td> <td> </td> <td align="right">1,056,549</td> <td> </td> <td> </td> <td> </td> <td align="right">1,379,524</td> <td> </td> <td> </td> <td> </td> <td align="right">1,441,839</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Freddie Mac </div></td> <td> </td> <td> </td> <td align="right">977,365</td> <td> </td> <td> </td> <td> </td> <td align="right">993,342</td> <td> </td> <td> </td> <td> </td> <td align="right">637,644</td> <td> </td> <td> </td> <td> </td> <td align="right">654,495</td> <td> </td> <td> </td> <td> </td> <td align="right">816,939</td> <td> </td> <td> </td> <td> </td> <td align="right">833,476</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 8 — Investment Securities Held-to-Maturity:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the amortized cost, gross unrealized gains and losses, approximate fair value, weighted average yield and contractual maturities of investment securities held-to-maturity at March 31, 2011, December 31, 2010 and March 31, 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">At March 31, 2011</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amortized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Weighted Average</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Cost</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gains</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Yield</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Treasury securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td align="left">$</td> <td align="right">24,734</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">24,734</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">0.02</td> <td nowrap="nowrap">%</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total U.S. Treasury securities </div></td> <td> </td> <td> </td> <td align="right">24,734</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">24,734</td> <td> </td> <td> </td> <td> </td> <td align="right">0.02</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">2,235</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">30</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">2,265</td> <td> </td> <td> </td> <td> </td> <td align="right">5.56</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">15,973</td> <td> </td> <td> </td> <td> </td> <td align="right">356</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">16,329</td> <td> </td> <td> </td> <td> </td> <td align="right">4.19</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">18,340</td> <td> </td> <td> </td> <td> </td> <td align="right">94</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">264</td> <td> </td> <td> </td> <td> </td> <td align="right">18,170</td> <td> </td> <td> </td> <td> </td> <td align="right">5.97</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">54,154</td> <td> </td> <td> </td> <td> </td> <td align="right">6,695</td> <td> </td> <td> </td> <td> </td> <td align="right">1,325</td> <td> </td> <td> </td> <td> </td> <td align="right">59,524</td> <td> </td> <td> </td> <td> </td> <td align="right">4.13</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">90,702</td> <td> </td> <td> </td> <td> </td> <td align="right">7,175</td> <td> </td> <td> </td> <td> </td> <td align="right">1,589</td> <td> </td> <td> </td> <td> </td> <td align="right">96,288</td> <td> </td> <td> </td> <td> </td> <td align="right">4.55</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right"> </td> <td> </td> <td> </td> <td> </td> <td align="right"> </td> <td> </td> <td> </td> <td> </td> <td align="right"> </td> <td> </td> <td> </td> <td> </td> <td align="right"> </td> <td> </td> <td> </td> <td> </td> <td align="right"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px"> After 10 years </div></td> <td> </td> <td> </td> <td align="right">170</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> <td> </td> <td> </td> <td align="right">161</td> <td> </td> <td> </td> <td> </td> <td align="right">5.45</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right">170</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> <td> </td> <td> </td> <td align="right">161</td> <td> </td> <td> </td> <td> </td> <td align="right">5.45</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">1,250</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,250</td> <td> </td> <td> </td> <td> </td> <td align="right">0.96</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">25,250</td> <td> </td> <td> </td> <td> </td> <td align="right">133</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">25,383</td> <td> </td> <td> </td> <td> </td> <td align="right">3.47</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total other </div></td> <td> </td> <td> </td> <td align="right">26,500</td> <td> </td> <td> </td> <td> </td> <td align="right">133</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">26,633</td> <td> </td> <td> </td> <td> </td> <td align="right">3.35</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities held-to-maturity </div></td> <td> </td> <td align="left">$</td> <td align="right">142,106</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,308</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,598</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">147,816</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">3.54</td> <td nowrap="nowrap">%</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">At December 31, 2010</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amortized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Weighted Average</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Cost</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gains</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Yield</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Treasury securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td align="left">$</td> <td align="right">25,873</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25,872</td> <td> </td> <td> </td> <td> </td> <td align="right">0.11</td> <td nowrap="nowrap">%</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total U.S. Treasury securities </div></td> <td> </td> <td> </td> <td align="right">25,873</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">25,872</td> <td> </td> <td> </td> <td> </td> <td align="right">0.11</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">2,150</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">2,156</td> <td> </td> <td> </td> <td> </td> <td align="right">5.33</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">15,529</td> <td> </td> <td> </td> <td> </td> <td align="right">333</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">15,862</td> <td> </td> <td> </td> <td> </td> <td align="right">4.10</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">17,594</td> <td> </td> <td> </td> <td> </td> <td align="right">115</td> <td> </td> <td> </td> <td> </td> <td align="right">268</td> <td> </td> <td> </td> <td> </td> <td align="right">17,441</td> <td> </td> <td> </td> <td> </td> <td align="right">5.96</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">56,702</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,649</td> <td> </td> <td> </td> <td> </td> <td align="right">55,053</td> <td> </td> <td> </td> <td> </td> <td align="right">4.25</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">91,975</td> <td> </td> <td> </td> <td> </td> <td align="right">454</td> <td> </td> <td> </td> <td> </td> <td align="right">1,917</td> <td> </td> <td> </td> <td> </td> <td align="right">90,512</td> <td> </td> <td> </td> <td> </td> <td align="right">4.58</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right"> </td> <td> </td> <td> </td> <td> </td> <td align="right"> </td> <td> </td> <td> </td> <td> </td> <td align="right"> </td> <td> </td> <td> </td> <td> </td> <td align="right"> </td> <td> </td> <td> </td> <td> </td> <td align="right"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px"> After 10 years </div></td> <td> </td> <td> </td> <td align="right">176</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">10</td> <td> </td> <td> </td> <td> </td> <td align="right">166</td> <td> </td> <td> </td> <td> </td> <td align="right">5.45</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right">176</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">10</td> <td> </td> <td> </td> <td> </td> <td align="right">166</td> <td> </td> <td> </td> <td> </td> <td align="right">5.45</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">4,080</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">4,080</td> <td> </td> <td> </td> <td> </td> <td align="right">1.15</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">250</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> <td> </td> <td> </td> <td align="right">243</td> <td> </td> <td> </td> <td> </td> <td align="right">1.20</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total other </div></td> <td> </td> <td> </td> <td align="right">4,330</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> <td> </td> <td> </td> <td align="right">4,323</td> <td> </td> <td> </td> <td> </td> <td align="right">1.15</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities held-to-maturity </div></td> <td> </td> <td align="left">$</td> <td align="right">122,354</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">454</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,935</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">120,873</td> <td> </td> <td> </td> <td> </td> <td align="right">3.51</td> <td nowrap="nowrap">%</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">At March 31, 2010</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amortized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Weighted Average</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Cost</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gains</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Yield</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Treasury securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px"> Within 1 year </div></td> <td> </td> <td align="left">$</td> <td align="right">25,783</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25,778</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">0.22</td> <td nowrap="nowrap">%</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total U.S. Treasury securities </div></td> <td> </td> <td> </td> <td align="right">25,783</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right">25,778</td> <td> </td> <td> </td> <td> </td> <td align="right">0.22</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">7,110</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">27</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">7,137</td> <td> </td> <td> </td> <td> </td> <td align="right">2.12</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">109,820</td> <td> </td> <td> </td> <td> </td> <td align="right">431</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">110,251</td> <td> </td> <td> </td> <td> </td> <td align="right">5.52</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">After 5 to 10 years </div></td> <td> </td> <td> </td> <td align="right">17,808</td> <td> </td> <td> </td> <td> </td> <td align="right">71</td> <td> </td> <td> </td> <td> </td> <td align="right">352</td> <td> </td> <td> </td> <td> </td> <td align="right">17,527</td> <td> </td> <td> </td> <td> </td> <td align="right">5.94</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">After 10 years </div></td> <td> </td> <td> </td> <td align="right">46,050</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,906</td> <td> </td> <td> </td> <td> </td> <td align="right">44,144</td> <td> </td> <td> </td> <td> </td> <td align="right">3.88</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">180,788</td> <td> </td> <td> </td> <td> </td> <td align="right">529</td> <td> </td> <td> </td> <td> </td> <td align="right">2,258</td> <td> </td> <td> </td> <td> </td> <td align="right">179,059</td> <td> </td> <td> </td> <td> </td> <td align="right">5.01</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px"> After 10 years </div></td> <td> </td> <td> </td> <td align="right">215</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">12</td> <td> </td> <td> </td> <td> </td> <td align="right">203</td> <td> </td> <td> </td> <td> </td> <td align="right">5.45</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right">215</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">12</td> <td> </td> <td> </td> <td> </td> <td align="right">203</td> <td> </td> <td> </td> <td> </td> <td align="right">5.45</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Within 1 year </div></td> <td> </td> <td> </td> <td align="right">1,560</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,560</td> <td> </td> <td> </td> <td> </td> <td align="right">2.38</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">After 1 to 5 years </div></td> <td> </td> <td> </td> <td align="right">1,250</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,250</td> <td> </td> <td> </td> <td> </td> <td align="right">0.84</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total other </div></td> <td> </td> <td> </td> <td align="right">2,810</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">2,810</td> <td> </td> <td> </td> <td> </td> <td align="right">1.69</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities held-to-maturity </div></td> <td> </td> <td align="left">$</td> <td align="right">209,596</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">529</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,275</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">207,850</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">4.38</td> <td nowrap="nowrap">%</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Securities not due on a single contractual maturity date, such as collateralized mortgage obligations, are classified in the period of final contractual maturity. The expected maturities of collateralized mortgage obligations and certain other securities may differ from their contractual maturities because they may be subject to prepayments or may be called by the issuer. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the Corporation’s fair value and gross unrealized losses of investment securities held-to-maturity, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2011, December 31, 2010 and March 31, 2010: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">At March 31, 2011</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Less than 12 months</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">12 months or more</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Total</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unrealized Losses</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td align="left">$</td> <td align="right">26,407</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">567</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">30,808</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,022</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">57,215</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,589</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">161</td> <td> </td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> <td> </td> <td> </td> <td align="right">161</td> <td> </td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities held-to-maturity in an unrealized loss position </div></td> <td> </td> <td align="left">$</td> <td align="right">26,407</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">567</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">30,969</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,031</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">57,376</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,598</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6">At December 31, 2010</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Less than 12 months</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">12 months or more</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Total</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">unrealized Losses</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Treasury securities </div></td> <td> </td> <td align="left">$</td> <td align="right">25,872</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25,872</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">51,995</td> <td> </td> <td> </td> <td> </td> <td align="right">1,915</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">773</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2</td> <td> </td> <td> </td> <td> </td> <td align="right">52,768</td> <td> </td> <td> </td> <td> </td> <td align="right">1,917</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">166</td> <td> </td> <td> </td> <td> </td> <td align="right">10</td> <td> </td> <td> </td> <td> </td> <td align="right">166</td> <td> </td> <td> </td> <td> </td> <td align="right">10</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">243</td> <td> </td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">243</td> <td> </td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities held-to-maturity in an unrealized loss position </div></td> <td> </td> <td align="left">$</td> <td align="right">78,110</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,923</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">939</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">12</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">79,049</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,935</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000">At March 31, 2010</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Less than 12 months</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">12 months or more</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000">Total</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">unrealized Losses</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Treasury securities </div></td> <td> </td> <td align="left">$</td> <td align="right">25,778</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25,778</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">23,186</td> <td> </td> <td> </td> <td> </td> <td align="right">1,529</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">33,066</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">729</td> <td> </td> <td> </td> <td> </td> <td align="right">56,252</td> <td> </td> <td> </td> <td> </td> <td align="right">2,258</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">203</td> <td> </td> <td> </td> <td> </td> <td align="right">12</td> <td> </td> <td> </td> <td> </td> <td align="right">203</td> <td> </td> <td> </td> <td> </td> <td align="right">12</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities held-to-maturity in an unrealized loss position </div></td> <td> </td> <td align="left">$</td> <td align="right">48,964</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,534</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">33,269</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">741</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">82,233</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,275</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">As indicated in Note 7 to these consolidated financial statements, management evaluates investment securities for other-than-temporary (“OTTI”) declines in fair value on a quarterly basis. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The “Obligations of Puerto Rico, States and political subdivisions” classified as held-to-maturity at March 31, 2011 are primarily associated with securities issued by municipalities of Puerto Rico and are generally not rated by a credit rating agency. The Corporation performs periodic credit quality reviews on these issuers. The decline in fair value at March 31, 2011 was attributable to changes in interest rates and not credit quality, thus no other-than-temporary decline in value was necessary to be recorded in these held-to-maturity securities at March 31, 2011. At March 31, 2011, the Corporation does not have the intent to sell securities held-to-maturity and it is not more likely than not that the Corporation will have to sell these investment securities prior to recovery of their amortized cost basis. </div> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 9 — Loans:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Because of the loss protection provided by the FDIC, the risks of the Westernbank FDIC-assisted transaction acquired loans are significantly different from those loans not covered under the FDIC loss sharing agreements. Accordingly, the Corporation presents loans subject to the loss sharing agreements as “covered loans” in the information below and loans that are not subject to the FDIC loss sharing agreements as “non-covered loans”. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">For a summary of the accounting policy related to loans and allowance for loan losses refer to the summary of significant accounting policies included in Note 2 to the consolidated financial statements included in the Corporation’s 2010 Annual Report. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following tables present the composition of loans held-in-portfolio (“HIP”) at March 31, 2011 and December 31, 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Non-covered loans at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Covered loans at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total loans HIP at</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">6,881,089</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,403,395</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,284,484</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">4,243,242</td> <td> </td> <td> </td> <td> </td> <td align="right">305,735</td> <td> </td> <td> </td> <td> </td> <td align="right">4,548,977</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">439,399</td> <td> </td> <td> </td> <td> </td> <td align="right">621,187</td> <td> </td> <td> </td> <td> </td> <td align="right">1,060,586</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">4,895,697</td> <td> </td> <td> </td> <td> </td> <td align="right">1,247,476</td> <td> </td> <td> </td> <td> </td> <td align="right">6,143,173</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Lease financing </div></td> <td> </td> <td> </td> <td align="right">693,506</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">693,506</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Credit cards </div></td> <td> </td> <td> </td> <td align="right">1,107,437</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,107,437</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Home equity lines of credit </div></td> <td> </td> <td> </td> <td align="right">614,753</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">614,753</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Personal </div></td> <td> </td> <td> </td> <td align="right">1,156,512</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,156,512</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Auto </div></td> <td> </td> <td> </td> <td align="right">505,242</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">505,242</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">244,672</td> <td> </td> <td> </td> <td> </td> <td align="right">151,757</td> <td> </td> <td> </td> <td> </td> <td align="right">396,429</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total loans held-in-portfolio [a] </div></td> <td> </td> <td align="left">$</td> <td align="right">20,781,549</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,729,550</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25,511,099</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">[a] Loans held-in-portfolio at March 31, 2011 exclude $105 million in unearned income and $570 million in loans held-for-sale. </div> <div style="font-size: 3pt; margin-top: 16pt; width: 100%; border-top: 1px solid #000000">  </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Non-covered loans at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Covered loans at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total loans HIP at</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31, 2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31, 2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">7,006,676</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,463,549</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,470,225</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">4,386,809</td> <td> </td> <td> </td> <td> </td> <td align="right">303,632</td> <td> </td> <td> </td> <td> </td> <td align="right">4,690,441</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">500,851</td> <td> </td> <td> </td> <td> </td> <td align="right">640,492</td> <td> </td> <td> </td> <td> </td> <td align="right">1,141,343</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">4,524,748</td> <td> </td> <td> </td> <td> </td> <td align="right">1,259,459</td> <td> </td> <td> </td> <td> </td> <td align="right">5,784,207</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Lease financing </div></td> <td> </td> <td> </td> <td align="right">705,776</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">705,776</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Credit cards </div></td> <td> </td> <td> </td> <td align="right">1,132,308</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,132,308</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Home equity lines of credit </div></td> <td> </td> <td> </td> <td align="right">503,761</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">503,761</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Personal </div></td> <td> </td> <td> </td> <td align="right">1,236,068</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,236,068</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Auto </div></td> <td> </td> <td> </td> <td align="right">568,360</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">568,360</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">268,919</td> <td> </td> <td> </td> <td> </td> <td align="right">169,750</td> <td> </td> <td> </td> <td> </td> <td align="right">438,669</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total loans held-in-portfolio [a] </div></td> <td> </td> <td align="left">$</td> <td align="right">20,834,276</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,836,882</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25,671,158</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">[a] Loans held-in-portfolio at December 31, 2010 exclude $106 million in unearned income and $894 million in loans held-for-sale. </div> <div style="font-size: 3pt; margin-top: 16pt; width: 100%; border-top: 1px solid #000000">  </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table provides a breakdown of loans held-for-sale (“LHFS”) at March 31, 2011 and December 31, 2010 by main loan categories. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial </div></td> <td> </td> <td align="left">$</td> <td align="right">61,276</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">60,528</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">392,113</td> <td> </td> <td> </td> <td> </td> <td align="right">412,744</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">116,289</td> <td> </td> <td> </td> <td> </td> <td align="right">420,666</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">569,678</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">893,938</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt"><u><i>Non-covered loans</i></u> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following tables present non-covered loans held-in-portfolio that are in non-performing status and accruing loans past due 90 days or more by loan class at March 31, 2011 and December 31, 2010. Accruing loans past due 90 days or more consist primarily of credit cards, FHA / VA and other insured mortgage loans, and delinquent mortgage loans included in the Corporation’s financial statements pursuant to GNMA’s buy-back option program. Servicers of loans underlying GNMA mortgage-backed securities must report as their own assets the defaulted loans that they have the option (but not the obligation) to repurchase, even when they elect not to exercise that option. Also, accruing loans past due 90 days or more include certain residential conventional loans purchased from other financial institutions that, although delinquent, the Corporation has received timely payment from the sellers / servicers, and, in some instances, have partial guarantees under recourse agreements. However, residential conventional loans purchased from other financial institutions, which are in the process of foreclosure, are classified as non-performing mortgage loans. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="22" style="border-bottom: 1px solid #000000">At March 31, 2011</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Puerto Rico</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">USA</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Popular, Inc.</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accruing</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accruing</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accruing</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">loans past due</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">loans past</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Non-accrual</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">loans past due</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Non-accrual</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">90 days or</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Non-accrual</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">due 90 days</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">90 days or more</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">more</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">or more</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">364,037</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">178,755</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">542,792</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">162,893</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">46,653</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">209,546</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">57,176</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">166,983</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">224,159</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">573,011</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">289,325</td> <td> </td> <td> </td> <td> </td> <td align="right">26,350</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">599,361</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">289,325</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Leasing </div></td> <td> </td> <td> </td> <td align="right">5,151</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">161</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">5,312</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Credit cards </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">30,117</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">30,117</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Home equity lines of credit </div></td> <td> </td> <td> </td> <td align="right">510</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">17,431</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">17,941</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Personal </div></td> <td> </td> <td> </td> <td align="right">21,737</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,028</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">22,765</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Auto </div></td> <td> </td> <td> </td> <td align="right">4,868</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">100</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">4,968</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">7,544</td> <td> </td> <td> </td> <td> </td> <td align="right">1,341</td> <td> </td> <td> </td> <td> </td> <td align="right">752</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">8,296</td> <td> </td> <td> </td> <td> </td> <td align="right">1,341</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total [a] </div></td> <td> </td> <td align="left">$</td> <td align="right">1,196,927</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">320,783</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">438,213</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,635,140</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">320,783</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">[a] For purposes of this table non-performing loans exclude $465 million in non-performing loans held-for-sale. </div> <div style="font-size: 3pt; margin-top: 16pt; width: 100%; border-top: 1px solid #000000">  </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="22" style="border-bottom: 1px solid #000000">At December 31, 2010</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Puerto Rico</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">USA</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Popular, Inc.</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accruing</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accruing</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accruing</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">loans past due</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">loans past due</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">loans past</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Non-accrual</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">90 days or</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Non-accrual</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">90 days or</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Non-accrual</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">due 90 days</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">more</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">more</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">or more</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">370,677</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">182,456</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">553,133</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">114,792</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">57,102</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">171,894</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">64,678</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">173,876</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">238,554</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">518,446</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">292,387</td> <td> </td> <td> </td> <td> </td> <td align="right">23,587</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">542,033</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">292,387</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Leasing </div></td> <td> </td> <td> </td> <td align="right">5,674</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">263</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">5,937</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Credit cards </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">33,514</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">33,514</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Home equity lines of credit </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">17,562</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">17,562</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Personal </div></td> <td> </td> <td> </td> <td align="right">22,816</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">5,369</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">28,185</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Auto </div></td> <td> </td> <td> </td> <td align="right">7,528</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">135</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">7,663</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">6,892</td> <td> </td> <td> </td> <td> </td> <td align="right">1,442</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">6,892</td> <td> </td> <td> </td> <td> </td> <td align="right">1,442</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total [a] </div></td> <td> </td> <td align="left">$</td> <td align="right">1,111,503</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">327,343</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">460,350</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,571,853</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">327,343</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">[a] For purposes of this table non-performing loans exclude $672 million in non-performing loans held-for-sale. </div> <div style="font-size: 3pt; margin-top: 0pt; width: 100%; border-top: 1px solid #000000"> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011 and December 31, 2010, non-covered loans held-in-portfolio on which the accrual of interest income had been discontinued amounted to $1.6 billion. Non-accruing loans at March 31, 2011 include $54 million (December 31, 2010 — $60 million) in consumer loans. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following tables present loans by past due status at March 31, 2011 and December 31, 2010 for non-covered loans held-in-portfolio (net of unearned income). </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">March 31, 2011</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">Puerto Rico</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000">Past Due</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Loans held-</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">30-59</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">60-89</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">in-portfolio</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">90 Days or More</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Past Due</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Current</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000">Puerto Rico</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">80,014</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,787</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">364,037</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">451,838</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,178,648</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,630,486</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">110,536</td> <td> </td> <td> </td> <td> </td> <td align="right">16,017</td> <td> </td> <td> </td> <td> </td> <td align="right">162,893</td> <td> </td> <td> </td> <td> </td> <td align="right">289,446</td> <td> </td> <td> </td> <td> </td> <td align="right">2,742,654</td> <td> </td> <td> </td> <td> </td> <td align="right">3,032,100</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">8,115</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">57,176</td> <td> </td> <td> </td> <td> </td> <td align="right">65,291</td> <td> </td> <td> </td> <td> </td> <td align="right">83,998</td> <td> </td> <td> </td> <td> </td> <td align="right">149,289</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">231,741</td> <td> </td> <td> </td> <td> </td> <td align="right">46,424</td> <td> </td> <td> </td> <td> </td> <td align="right">862,336</td> <td> </td> <td> </td> <td> </td> <td align="right">1,140,501</td> <td> </td> <td> </td> <td> </td> <td align="right">2,890,679</td> <td> </td> <td> </td> <td> </td> <td align="right">4,031,180</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Leasing </div></td> <td> </td> <td> </td> <td align="right">11,523</td> <td> </td> <td> </td> <td> </td> <td align="right">2,053</td> <td> </td> <td> </td> <td> </td> <td align="right">5,151</td> <td> </td> <td> </td> <td> </td> <td align="right">18,727</td> <td> </td> <td> </td> <td> </td> <td align="right">547,154</td> <td> </td> <td> </td> <td> </td> <td align="right">565,881</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Credit cards </div></td> <td> </td> <td> </td> <td align="right">14,316</td> <td> </td> <td> </td> <td> </td> <td align="right">10,859</td> <td> </td> <td> </td> <td> </td> <td align="right">30,117</td> <td> </td> <td> </td> <td> </td> <td align="right">55,292</td> <td> </td> <td> </td> <td> </td> <td align="right">1,038,644</td> <td> </td> <td> </td> <td> </td> <td align="right">1,093,936</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Home equity lines of credit </div></td> <td> </td> <td> </td> <td align="right">179</td> <td> </td> <td> </td> <td> </td> <td align="right">250</td> <td> </td> <td> </td> <td> </td> <td align="right">510</td> <td> </td> <td> </td> <td> </td> <td align="right">939</td> <td> </td> <td> </td> <td> </td> <td align="right">22,717</td> <td> </td> <td> </td> <td> </td> <td align="right">23,656</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Personal </div></td> <td> </td> <td> </td> <td align="right">19,092</td> <td> </td> <td> </td> <td> </td> <td align="right">11,906</td> <td> </td> <td> </td> <td> </td> <td align="right">21,737</td> <td> </td> <td> </td> <td> </td> <td align="right">52,735</td> <td> </td> <td> </td> <td> </td> <td align="right">944,834</td> <td> </td> <td> </td> <td> </td> <td align="right">997,569</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Auto </div></td> <td> </td> <td> </td> <td align="right">21,417</td> <td> </td> <td> </td> <td> </td> <td align="right">4,946</td> <td> </td> <td> </td> <td> </td> <td align="right">4,868</td> <td> </td> <td> </td> <td> </td> <td align="right">31,231</td> <td> </td> <td> </td> <td> </td> <td align="right">467,818</td> <td> </td> <td> </td> <td> </td> <td align="right">499,049</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">3,679</td> <td> </td> <td> </td> <td> </td> <td align="right">1,508</td> <td> </td> <td> </td> <td> </td> <td align="right">8,885</td> <td> </td> <td> </td> <td> </td> <td align="right">14,072</td> <td> </td> <td> </td> <td> </td> <td align="right">224,573</td> <td> </td> <td> </td> <td> </td> <td align="right">238,645</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">500,612</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">101,750</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,517,710</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,120,072</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">12,141,719</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">14,261,791</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">March 31, 2011</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">USA</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000">Past Due</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Loans held-</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">30-59</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">60-89</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">in-portfolio</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">90 Days or More</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Past Due</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Current</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000">USA</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">107,661</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,434</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">178,755</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">290,850</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,959,753</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,250,603</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">30,213</td> <td> </td> <td> </td> <td> </td> <td align="right">10,496</td> <td> </td> <td> </td> <td> </td> <td align="right">46,653</td> <td> </td> <td> </td> <td> </td> <td align="right">87,362</td> <td> </td> <td> </td> <td> </td> <td align="right">1,123,780</td> <td> </td> <td> </td> <td> </td> <td align="right">1,211,142</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">4,440</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">166,983</td> <td> </td> <td> </td> <td> </td> <td align="right">171,423</td> <td> </td> <td> </td> <td> </td> <td align="right">118,687</td> <td> </td> <td> </td> <td> </td> <td align="right">290,110</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">45,801</td> <td> </td> <td> </td> <td> </td> <td align="right">7,226</td> <td> </td> <td> </td> <td> </td> <td align="right">26,350</td> <td> </td> <td> </td> <td> </td> <td align="right">79,377</td> <td> </td> <td> </td> <td> </td> <td align="right">785,125</td> <td> </td> <td> </td> <td> </td> <td align="right">864,502</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Leasing </div></td> <td> </td> <td> </td> <td align="right">658</td> <td> </td> <td> </td> <td> </td> <td align="right">233</td> <td> </td> <td> </td> <td> </td> <td align="right">161</td> <td> </td> <td> </td> <td> </td> <td align="right">1,052</td> <td> </td> <td> </td> <td> </td> <td align="right">25,158</td> <td> </td> <td> </td> <td> </td> <td align="right">26,210</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Credit cards </div></td> <td> </td> <td> </td> <td align="right">259</td> <td> </td> <td> </td> <td> </td> <td align="right">281</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">540</td> <td> </td> <td> </td> <td> </td> <td align="right">12,961</td> <td> </td> <td> </td> <td> </td> <td align="right">13,501</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Home equity lines of credit </div></td> <td> </td> <td> </td> <td align="right">7,124</td> <td> </td> <td> </td> <td> </td> <td align="right">4,697</td> <td> </td> <td> </td> <td> </td> <td align="right">17,431</td> <td> </td> <td> </td> <td> </td> <td align="right">29,252</td> <td> </td> <td> </td> <td> </td> <td align="right">561,839</td> <td> </td> <td> </td> <td> </td> <td align="right">591,091</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Personal </div></td> <td> </td> <td> </td> <td align="right">6,594</td> <td> </td> <td> </td> <td> </td> <td align="right">1,212</td> <td> </td> <td> </td> <td> </td> <td align="right">1,028</td> <td> </td> <td> </td> <td> </td> <td align="right">8,834</td> <td> </td> <td> </td> <td> </td> <td align="right">150,109</td> <td> </td> <td> </td> <td> </td> <td align="right">158,943</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Auto </div></td> <td> </td> <td> </td> <td align="right">132</td> <td> </td> <td> </td> <td> </td> <td align="right">29</td> <td> </td> <td> </td> <td> </td> <td align="right">100</td> <td> </td> <td> </td> <td> </td> <td align="right">261</td> <td> </td> <td> </td> <td> </td> <td align="right">5,928</td> <td> </td> <td> </td> <td> </td> <td align="right">6,189</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">13</td> <td> </td> <td> </td> <td> </td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">752</td> <td> </td> <td> </td> <td> </td> <td align="right">773</td> <td> </td> <td> </td> <td> </td> <td align="right">1,934</td> <td> </td> <td> </td> <td> </td> <td align="right">2,707</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">202,895</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">28,616</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">438,213</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">669,724</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,745,274</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,414,998</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">March 31, 2011</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">Popular, Inc.</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000">Past Due</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Loans held-</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">30-59</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">60-89</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">in-portfolio</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">90 Days or More</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Past Due</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Current</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000">Popular, Inc.</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">187,675</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">12,221</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">542,792</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">742,688</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,138,401</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,881,089</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">140,749</td> <td> </td> <td> </td> <td> </td> <td align="right">26,513</td> <td> </td> <td> </td> <td> </td> <td align="right">209,546</td> <td> </td> <td> </td> <td> </td> <td align="right">376,808</td> <td> </td> <td> </td> <td> </td> <td align="right">3,866,434</td> <td> </td> <td> </td> <td> </td> <td align="right">4,243,242</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">12,555</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">224,159</td> <td> </td> <td> </td> <td> </td> <td align="right">236,714</td> <td> </td> <td> </td> <td> </td> <td align="right">202,685</td> <td> </td> <td> </td> <td> </td> <td align="right">439,399</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">277,542</td> <td> </td> <td> </td> <td> </td> <td align="right">53,650</td> <td> </td> <td> </td> <td> </td> <td align="right">888,686</td> <td> </td> <td> </td> <td> </td> <td align="right">1,219,878</td> <td> </td> <td> </td> <td> </td> <td align="right">3,675,804</td> <td> </td> <td> </td> <td> </td> <td align="right">4,895,682</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Leasing </div></td> <td> </td> <td> </td> <td align="right">12,181</td> <td> </td> <td> </td> <td> </td> <td align="right">2,286</td> <td> </td> <td> </td> <td> </td> <td align="right">5,312</td> <td> </td> <td> </td> <td> </td> <td align="right">19,779</td> <td> </td> <td> </td> <td> </td> <td align="right">572,312</td> <td> </td> <td> </td> <td> </td> <td align="right">592,091</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Credit cards </div></td> <td> </td> <td> </td> <td align="right">14,575</td> <td> </td> <td> </td> <td> </td> <td align="right">11,140</td> <td> </td> <td> </td> <td> </td> <td align="right">30,117</td> <td> </td> <td> </td> <td> </td> <td align="right">55,832</td> <td> </td> <td> </td> <td> </td> <td align="right">1,051,605</td> <td> </td> <td> </td> <td> </td> <td align="right">1,107,437</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Home equity lines of credit </div></td> <td> </td> <td> </td> <td align="right">7,303</td> <td> </td> <td> </td> <td> </td> <td align="right">4,947</td> <td> </td> <td> </td> <td> </td> <td align="right">17,941</td> <td> </td> <td> </td> <td> </td> <td align="right">30,191</td> <td> </td> <td> </td> <td> </td> <td align="right">584,556</td> <td> </td> <td> </td> <td> </td> <td align="right">614,747</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Personal </div></td> <td> </td> <td> </td> <td align="right">25,686</td> <td> </td> <td> </td> <td> </td> <td align="right">13,118</td> <td> </td> <td> </td> <td> </td> <td align="right">22,765</td> <td> </td> <td> </td> <td> </td> <td align="right">61,569</td> <td> </td> <td> </td> <td> </td> <td align="right">1,094,943</td> <td> </td> <td> </td> <td> </td> <td align="right">1,156,512</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Auto </div></td> <td> </td> <td> </td> <td align="right">21,549</td> <td> </td> <td> </td> <td> </td> <td align="right">4,975</td> <td> </td> <td> </td> <td> </td> <td align="right">4,968</td> <td> </td> <td> </td> <td> </td> <td align="right">31,492</td> <td> </td> <td> </td> <td> </td> <td align="right">473,746</td> <td> </td> <td> </td> <td> </td> <td align="right">505,238</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">3,692</td> <td> </td> <td> </td> <td> </td> <td align="right">1,516</td> <td> </td> <td> </td> <td> </td> <td align="right">9,637</td> <td> </td> <td> </td> <td> </td> <td align="right">14,845</td> <td> </td> <td> </td> <td> </td> <td align="right">226,507</td> <td> </td> <td> </td> <td> </td> <td align="right">241,352</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">703,507</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">130,366</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,955,923</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,789,796</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">17,886,993</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">20,676,789</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">December 31, 2010</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">Puerto Rico</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000">Past Due</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Loans held-</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">30-59</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">60-89</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">in-portfolio</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">90 Days or More</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Past Due</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Current</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000">Puerto Rico</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">47,064</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25,547</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">370,677</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">443,288</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,412,310</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,855,598</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">34,703</td> <td> </td> <td> </td> <td> </td> <td align="right">23,695</td> <td> </td> <td> </td> <td> </td> <td align="right">114,792</td> <td> </td> <td> </td> <td> </td> <td align="right">173,190</td> <td> </td> <td> </td> <td> </td> <td align="right">2,688,228</td> <td> </td> <td> </td> <td> </td> <td align="right">2,861,418</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">6,356</td> <td> </td> <td> </td> <td> </td> <td align="right">3,000</td> <td> </td> <td> </td> <td> </td> <td align="right">64,678</td> <td> </td> <td> </td> <td> </td> <td align="right">74,034</td> <td> </td> <td> </td> <td> </td> <td align="right">94,322</td> <td> </td> <td> </td> <td> </td> <td align="right">168,356</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">188,468</td> <td> </td> <td> </td> <td> </td> <td align="right">83,789</td> <td> </td> <td> </td> <td> </td> <td align="right">810,833</td> <td> </td> <td> </td> <td> </td> <td align="right">1,083,090</td> <td> </td> <td> </td> <td> </td> <td align="right">2,566,610</td> <td> </td> <td> </td> <td> </td> <td align="right">3,649,700</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Leasing </div></td> <td> </td> <td> </td> <td align="right">10,737</td> <td> </td> <td> </td> <td> </td> <td align="right">2,274</td> <td> </td> <td> </td> <td> </td> <td align="right">5,674</td> <td> </td> <td> </td> <td> </td> <td align="right">18,685</td> <td> </td> <td> </td> <td> </td> <td align="right">554,102</td> <td> </td> <td> </td> <td> </td> <td align="right">572,787</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Credit cards </div></td> <td> </td> <td> </td> <td align="right">16,073</td> <td> </td> <td> </td> <td> </td> <td align="right">12,758</td> <td> </td> <td> </td> <td> </td> <td align="right">33,514</td> <td> </td> <td> </td> <td> </td> <td align="right">62,345</td> <td> </td> <td> </td> <td> </td> <td align="right">1,054,081</td> <td> </td> <td> </td> <td> </td> <td align="right">1,116,426</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Personal </div></td> <td> </td> <td> </td> <td align="right">21,004</td> <td> </td> <td> </td> <td> </td> <td align="right">11,830</td> <td> </td> <td> </td> <td> </td> <td align="right">22,816</td> <td> </td> <td> </td> <td> </td> <td align="right">55,650</td> <td> </td> <td> </td> <td> </td> <td align="right">965,610</td> <td> </td> <td> </td> <td> </td> <td align="right">1,021,260</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Auto </div></td> <td> </td> <td> </td> <td align="right">22,076</td> <td> </td> <td> </td> <td> </td> <td align="right">5,301</td> <td> </td> <td> </td> <td> </td> <td align="right">7,528</td> <td> </td> <td> </td> <td> </td> <td align="right">34,905</td> <td> </td> <td> </td> <td> </td> <td align="right">459,745</td> <td> </td> <td> </td> <td> </td> <td align="right">494,650</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">3,799</td> <td> </td> <td> </td> <td> </td> <td align="right">1,318</td> <td> </td> <td> </td> <td> </td> <td align="right">8,334</td> <td> </td> <td> </td> <td> </td> <td align="right">13,451</td> <td> </td> <td> </td> <td> </td> <td align="right">252,048</td> <td> </td> <td> </td> <td> </td> <td align="right">265,499</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">350,280</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">169,512</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,438,846</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,958,638</td> <td> </td> <td> </td> <td> </td> <td align="right">12,047,056</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">14,005,694</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">December 31, 2010</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">USA</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000">Past Due</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Loans held-</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">30-59</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">60-89</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">in-portfolio</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">90 Days or More</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Past Due</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Current</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000">USA</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">68,903</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10,322</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">182,456</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">261,681</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,889,397</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,151,078</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">30,372</td> <td> </td> <td> </td> <td> </td> <td align="right">15,079</td> <td> </td> <td> </td> <td> </td> <td align="right">57,102</td> <td> </td> <td> </td> <td> </td> <td align="right">102,553</td> <td> </td> <td> </td> <td> </td> <td align="right">1,422,838</td> <td> </td> <td> </td> <td> </td> <td align="right">1,525,391</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">30,105</td> <td> </td> <td> </td> <td> </td> <td align="right">292</td> <td> </td> <td> </td> <td> </td> <td align="right">173,876</td> <td> </td> <td> </td> <td> </td> <td align="right">204,273</td> <td> </td> <td> </td> <td> </td> <td align="right">128,222</td> <td> </td> <td> </td> <td> </td> <td align="right">332,495</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">38,550</td> <td> </td> <td> </td> <td> </td> <td align="right">12,751</td> <td> </td> <td> </td> <td> </td> <td align="right">23,587</td> <td> </td> <td> </td> <td> </td> <td align="right">74,888</td> <td> </td> <td> </td> <td> </td> <td align="right">800,134</td> <td> </td> <td> </td> <td> </td> <td align="right">875,022</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Leasing </div></td> <td> </td> <td> </td> <td align="right">1,008</td> <td> </td> <td> </td> <td> </td> <td align="right">224</td> <td> </td> <td> </td> <td> </td> <td align="right">263</td> <td> </td> <td> </td> <td> </td> <td align="right">1,495</td> <td> </td> <td> </td> <td> </td> <td align="right">28,711</td> <td> </td> <td> </td> <td> </td> <td align="right">30,206</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Credit cards </div></td> <td> </td> <td> </td> <td align="right">343</td> <td> </td> <td> </td> <td> </td> <td align="right">357</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">700</td> <td> </td> <td> </td> <td> </td> <td align="right">15,182</td> <td> </td> <td> </td> <td> </td> <td align="right">15,882</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Home equity lines of credit </div></td> <td> </td> <td> </td> <td align="right">6,116</td> <td> </td> <td> </td> <td> </td> <td align="right">6,873</td> <td> </td> <td> </td> <td> </td> <td align="right">17,562</td> <td> </td> <td> </td> <td> </td> <td align="right">30,551</td> <td> </td> <td> </td> <td> </td> <td align="right">537,802</td> <td> </td> <td> </td> <td> </td> <td align="right">568,353</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Personal </div></td> <td> </td> <td> </td> <td align="right">5,559</td> <td> </td> <td> </td> <td> </td> <td align="right">2,689</td> <td> </td> <td> </td> <td> </td> <td align="right">5,369</td> <td> </td> <td> </td> <td> </td> <td align="right">13,617</td> <td> </td> <td> </td> <td> </td> <td align="right">201,190</td> <td> </td> <td> </td> <td> </td> <td align="right">214,807</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Auto </div></td> <td> </td> <td> </td> <td align="right">375</td> <td> </td> <td> </td> <td> </td> <td align="right">98</td> <td> </td> <td> </td> <td> </td> <td align="right">135</td> <td> </td> <td> </td> <td> </td> <td align="right">608</td> <td> </td> <td> </td> <td> </td> <td align="right">8,499</td> <td> </td> <td> </td> <td> </td> <td align="right">9,107</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">181,331</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">48,685</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">460,350</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">690,366</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,031,975</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,722,341</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">December 31, 2010</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">Popular, Inc.</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000">Past Due</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Loans held-</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">30-59</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">60-89</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">in-portfolio</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">90 Days or More</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Past Due</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Current</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000">Popular, Inc.</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">115,967</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">35,869</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">553,133</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">704,969</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,301,707</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,006,676</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">65,075</td> <td> </td> <td> </td> <td> </td> <td align="right">38,774</td> <td> </td> <td> </td> <td> </td> <td align="right">171,894</td> <td> </td> <td> </td> <td> </td> <td align="right">275,743</td> <td> </td> <td> </td> <td> </td> <td align="right">4,111,066</td> <td> </td> <td> </td> <td> </td> <td align="right">4,386,809</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">36,461</td> <td> </td> <td> </td> <td> </td> <td align="right">3,292</td> <td> </td> <td> </td> <td> </td> <td align="right">238,554</td> <td> </td> <td> </td> <td> </td> <td align="right">278,307</td> <td> </td> <td> </td> <td> </td> <td align="right">222,544</td> <td> </td> <td> </td> <td> </td> <td align="right">500,851</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">227,018</td> <td> </td> <td> </td> <td> </td> <td align="right">96,540</td> <td> </td> <td> </td> <td> </td> <td align="right">834,420</td> <td> </td> <td> </td> <td> </td> <td align="right">1,157,978</td> <td> </td> <td> </td> <td> </td> <td align="right">3,366,744</td> <td> </td> <td> </td> <td> </td> <td align="right">4,524,722</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Leasing </div></td> <td> </td> <td> </td> <td align="right">11,745</td> <td> </td> <td> </td> <td> </td> <td align="right">2,498</td> <td> </td> <td> </td> <td> </td> <td align="right">5,937</td> <td> </td> <td> </td> <td> </td> <td align="right">20,180</td> <td> </td> <td> </td> <td> </td> <td align="right">582,813</td> <td> </td> <td> </td> <td> </td> <td align="right">602,993</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Credit cards </div></td> <td> </td> <td> </td> <td align="right">16,416</td> <td> </td> <td> </td> <td> </td> <td align="right">13,115</td> <td> </td> <td> </td> <td> </td> <td align="right">33,514</td> <td> </td> <td> </td> <td> </td> <td align="right">63,045</td> <td> </td> <td> </td> <td> </td> <td align="right">1,069,263</td> <td> </td> <td> </td> <td> </td> <td align="right">1,132,308</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Home equity lines of credit </div></td> <td> </td> <td> </td> <td align="right">6,116</td> <td> </td> <td> </td> <td> </td> <td align="right">6,873</td> <td> </td> <td> </td> <td> </td> <td align="right">17,562</td> <td> </td> <td> </td> <td> </td> <td align="right">30,551</td> <td> </td> <td> </td> <td> </td> <td align="right">537,802</td> <td> </td> <td> </td> <td> </td> <td align="right">568,353</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Personal </div></td> <td> </td> <td> </td> <td align="right">26,563</td> <td> </td> <td> </td> <td> </td> <td align="right">14,519</td> <td> </td> <td> </td> <td> </td> <td align="right">28,185</td> <td> </td> <td> </td> <td> </td> <td align="right">69,267</td> <td> </td> <td> </td> <td> </td> <td align="right">1,166,800</td> <td> </td> <td> </td> <td> </td> <td align="right">1,236,067</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Auto </div></td> <td> </td> <td> </td> <td align="right">22,451</td> <td> </td> <td> </td> <td> </td> <td align="right">5,399</td> <td> </td> <td> </td> <td> </td> <td align="right">7,663</td> <td> </td> <td> </td> <td> </td> <td align="right">35,513</td> <td> </td> <td> </td> <td> </td> <td align="right">468,244</td> <td> </td> <td> </td> <td> </td> <td align="right">503,757</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">3,799</td> <td> </td> <td> </td> <td> </td> <td align="right">1,318</td> <td> </td> <td> </td> <td> </td> <td align="right">8,334</td> <td> </td> <td> </td> <td> </td> <td align="right">13,451</td> <td> </td> <td> </td> <td> </td> <td align="right">252,048</td> <td> </td> <td> </td> <td> </td> <td align="right">265,499</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">531,611</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">218,197</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,899,196</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,649,004</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">18,079,031</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">20,728,035</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><u><i>Covered loans</i></u> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Covered loans acquired in the Westernbank FDIC-assisted transaction, except for lines of credit with revolving privileges, are accounted for by the Corporation in accordance with ASC Subtopic 310-30. Under ASC Subtopic 310-30, the acquired loans were aggregated into pools based on similar characteristics. Each loan pool is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows. The covered loans which are accounted for under ASC Subtopic 310-30 by the Corporation are not considered non-performing and will continue to have an accretable yield as long as there is a reasonable expectation about the timing and amount of cash flows expected to be collected. The Corporation measures additional losses for this portfolio when it is probable the Corporation will be unable to collect all cash flows expected at acquisition plus additional cash flows expected to be collected arising from changes in estimates after acquisition. Lines of credit with revolving privileges that were acquired as part of the Westernbank FDIC-assisted transaction are accounted under the guidance of ASC Subtopic 310-20, which requires that any differences between the contractually required loan payment receivable in excess of the Corporation’s initial investment in the loans be accreted into interest income. Loans accounted for under ASC Subtopic 310-20 are placed on non-accrual status when past due in accordance with the Corporation’s non-accruing policy and any accretion of discount is discontinued. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents covered loans in non-performing status and accruing loans past due 90 days or more by loan class at March 31, 2011 and December 31, 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">March 31, 2011</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">December 31, 2010</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accruing loans past due</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accruing loans past</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Non-accrual loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">90 days or more</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Non-accrual loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">due 90 days or more</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">6,065</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">383</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">14,172</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">6,146</td> <td> </td> <td> </td> <td> </td> <td align="right">549</td> <td> </td> <td> </td> <td> </td> <td align="right">10,635</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">60</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">700</td> <td> </td> <td> </td> <td> </td> <td align="right">2,551</td> <td> </td> <td> </td> <td> </td> <td align="right">1,168</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">602</td> <td> </td> <td> </td> <td> </td> <td align="right">6,917</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">8,648</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,210</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">2,308</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total [a] </div></td> <td> </td> <td align="left">$</td> <td align="right">13,513</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">11,610</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25,975</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">11,016</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">[a] Covered loans accounted for under ASC Subtopic 310-30 are excluded from the above table as they are considered to be performing due to the application of the accretion method, in which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analyses. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following tables present loans by past-due status at March 31, 2011 and December 31, 2010 for covered loans held-in-portfolio (net of unearned income). The information considers covered loans accounted for under ASC Subtopic 310-20 and ASC Subtopic 310-30. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">March 31, 2011</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">Covered Loans</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000">Past Due</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Covered</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">30-59</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">60-89</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">90 Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">loans held-in-</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">or More</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Past Due</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Current</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000">portfolio</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">138,542</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">55,144</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">475,774</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">669,460</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,733,935</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,403,395</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">6,429</td> <td> </td> <td> </td> <td> </td> <td align="right">4,355</td> <td> </td> <td> </td> <td> </td> <td align="right">24,353</td> <td> </td> <td> </td> <td> </td> <td align="right">35,137</td> <td> </td> <td> </td> <td> </td> <td align="right">270,598</td> <td> </td> <td> </td> <td> </td> <td align="right">305,735</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">13,574</td> <td> </td> <td> </td> <td> </td> <td align="right">4,822</td> <td> </td> <td> </td> <td> </td> <td align="right">466,936</td> <td> </td> <td> </td> <td> </td> <td align="right">485,332</td> <td> </td> <td> </td> <td> </td> <td align="right">135,855</td> <td> </td> <td> </td> <td> </td> <td align="right">621,187</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">58,685</td> <td> </td> <td> </td> <td> </td> <td align="right">17,887</td> <td> </td> <td> </td> <td> </td> <td align="right">189,757</td> <td> </td> <td> </td> <td> </td> <td align="right">266,329</td> <td> </td> <td> </td> <td> </td> <td align="right">981,146</td> <td> </td> <td> </td> <td> </td> <td align="right">1,247,475</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer </div></td> <td> </td> <td> </td> <td align="right">7,885</td> <td> </td> <td> </td> <td> </td> <td align="right">3,931</td> <td> </td> <td> </td> <td> </td> <td align="right">16,347</td> <td> </td> <td> </td> <td> </td> <td align="right">28,163</td> <td> </td> <td> </td> <td> </td> <td align="right">123,595</td> <td> </td> <td> </td> <td> </td> <td align="right">151,758</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total covered loans </div></td> <td> </td> <td align="left">$</td> <td align="right">225,115</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">86,139</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,173,167</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,484,421</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,245,129</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,729,550</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">December 31, 2010</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">Covered Loans</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000">Past Due</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Covered</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">30-59</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">60-89</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">90 Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">loans held-in-</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Days</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">or More</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Past Due</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Current</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000">portfolio</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">108,244</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">89,403</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">434,956</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">632,603</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,830,946</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,463,549</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">12,091</td> <td> </td> <td> </td> <td> </td> <td align="right">5,491</td> <td> </td> <td> </td> <td> </td> <td align="right">32,585</td> <td> </td> <td> </td> <td> </td> <td align="right">50,167</td> <td> </td> <td> </td> <td> </td> <td align="right">253,465</td> <td> </td> <td> </td> <td> </td> <td align="right">303,632</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">23,445</td> <td> </td> <td> </td> <td> </td> <td align="right">11,906</td> <td> </td> <td> </td> <td> </td> <td align="right">351,386</td> <td> </td> <td> </td> <td> </td> <td align="right">386,737</td> <td> </td> <td> </td> <td> </td> <td align="right">253,755</td> <td> </td> <td> </td> <td> </td> <td align="right">640,492</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">80,978</td> <td> </td> <td> </td> <td> </td> <td align="right">34,897</td> <td> </td> <td> </td> <td> </td> <td align="right">119,745</td> <td> </td> <td> </td> <td> </td> <td align="right">235,620</td> <td> </td> <td> </td> <td> </td> <td align="right">1,023,839</td> <td> </td> <td> </td> <td> </td> <td align="right">1,259,459</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer </div></td> <td> </td> <td> </td> <td align="right">8,917</td> <td> </td> <td> </td> <td> </td> <td align="right">4,483</td> <td> </td> <td> </td> <td> </td> <td align="right">14,612</td> <td> </td> <td> </td> <td> </td> <td align="right">28,012</td> <td> </td> <td> </td> <td> </td> <td align="right">141,738</td> <td> </td> <td> </td> <td> </td> <td align="right">169,750</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total covered loans </div></td> <td> </td> <td align="left">$</td> <td align="right">233,675</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">146,180</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">953,284</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,333,139</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,503,743</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,836,882</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt"><u><b><i>Acquired loans in an FDIC-assisted transaction</i></b></u> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents loans acquired as part of the Westernbank FDIC-assisted transaction accounted for pursuant to ASC Subtopic 310-30 at the April 30, 2010 acquisition date. The information presented includes loans determined to be impaired at the time of acquisition (“credit impaired loans”), and loans that were considered to be performing at the acquisition date and are accounted for by analogy to ASC Subtopic 310-30 (“non-credit impaired loans”). Refer to Note 1 to the consolidated financial statements and the Critical Accounting Policies / Estimates section of the 2010 Annual Report for a description of the Corporation’s significant accounting policies related to acquired loans and criteria considered by management to apply ASC 310-30 by analogy to non-credit impaired loans. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">April 30, 2010 (As recasted)</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Non-credit Impaired Loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Credit Impaired Loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Contractually-required principal and interest </div></td> <td> </td> <td align="left">$</td> <td align="right">7,855,033</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,995,580</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,850,613</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Non-accretable difference </div></td> <td> </td> <td> </td> <td align="right">2,154,542</td> <td> </td> <td> </td> <td> </td> <td align="right">1,248,365</td> <td> </td> <td> </td> <td> </td> <td align="right">3,402,907</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Cash flows expected to be collected </div></td> <td> </td> <td> </td> <td align="right">5,700,491</td> <td> </td> <td> </td> <td> </td> <td align="right">747,215</td> <td> </td> <td> </td> <td> </td> <td align="right">6,447,706</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accretable yield </div></td> <td> </td> <td> </td> <td align="right">1,487,634</td> <td> </td> <td> </td> <td> </td> <td align="right">50,425</td> <td> </td> <td> </td> <td> </td> <td align="right">1,538,059</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value of loans accounted for under </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">ASC Subtopic 310-30 </div></td> <td> </td> <td align="left">$</td> <td align="right">4,212,857</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">696,790</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,909,647</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The cash flows expected to be collected consider the estimated remaining life of the underlying loans and include the effects of estimated prepayments. The unpaid principal balance of the acquired loans from the Westernbank FDIC-assisted transaction that are accounted for under ASC Subtopic 310-30 amounted to $8.1 billion at the April 30, 2010 transaction date. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The carrying amount of the loans acquired as part of the Westernbank FDIC-assisted transaction at March 31, 2011 and December 31, 2010 consisted of loans determined to be impaired at the time of acquisition, which are accounted for in accordance with ASC Subtopic 310-30 (“credit impaired loans”), and loans that were considered to be performing at the acquisition date, accounted for by analogy to ASC Subtopic 310-30 (“non-credit impaired loans”), as detailed in the following tables. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">March 31, 2011</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">December 31, 2010</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Carrying amount</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Carrying amount</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Non-credit</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Credit</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Non-credit</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Credit</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Impaired</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Impaired</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Impaired</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Impaired</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">2,087,064</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">232,529</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,319,593</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,133,600</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">247,654</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,381,254</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">117,544</td> <td> </td> <td> </td> <td> </td> <td align="right">3,810</td> <td> </td> <td> </td> <td> </td> <td align="right">121,354</td> <td> </td> <td> </td> <td> </td> <td align="right">117,869</td> <td> </td> <td> </td> <td> </td> <td align="right">8,257</td> <td> </td> <td> </td> <td> </td> <td align="right">126,126</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">317,503</td> <td> </td> <td> </td> <td> </td> <td align="right">299,135</td> <td> </td> <td> </td> <td> </td> <td align="right">616,638</td> <td> </td> <td> </td> <td> </td> <td align="right">341,866</td> <td> </td> <td> </td> <td> </td> <td align="right">292,341</td> <td> </td> <td> </td> <td> </td> <td align="right">634,207</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">1,138,173</td> <td> </td> <td> </td> <td> </td> <td align="right">88,743</td> <td> </td> <td> </td> <td> </td> <td align="right">1,226,916</td> <td> </td> <td> </td> <td> </td> <td align="right">1,156,879</td> <td> </td> <td> </td> <td> </td> <td align="right">87,062</td> <td> </td> <td> </td> <td> </td> <td align="right">1,243,941</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer </div></td> <td> </td> <td> </td> <td align="right">128,366</td> <td> </td> <td> </td> <td> </td> <td align="right">10,629</td> <td> </td> <td> </td> <td> </td> <td align="right">138,995</td> <td> </td> <td> </td> <td> </td> <td align="right">144,165</td> <td> </td> <td> </td> <td> </td> <td align="right">10,235</td> <td> </td> <td> </td> <td> </td> <td align="right">154,400</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Carrying amount </div></td> <td> </td> <td align="left">$</td> <td align="right">3,788,650</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">634,846</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,423,496</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,894,379</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">645,549</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,539,928</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Less: Allowance for loan losses </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">5,297</td> <td> </td> <td> </td> <td> </td> <td align="right">5,297</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Carrying amount, net of allowance </div></td> <td> </td> <td align="left">$</td> <td align="right">3,788,650</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">629,549</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,418,199</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,894,379</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">645,549</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,539,928</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The outstanding principal balance of covered loans accounted pursuant to ASC Subtopic 310-30, including amounts charged off by the Corporation, amounted to $7.6 billion at March 31, 2011 (December 31, 2010 — $7.7 billion). At March 31, 2011, none of the acquired loans from the Westernbank FDIC-assisted transaction accounted for under ASC Subtopic 310-30 were considered non-performing loans. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, was recognized on all acquired loans. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">Changes in the carrying amount and the accretable yield for the acquired loans in the Westernbank FDIC-assisted transaction at and for the year ended December 31, 2010 and at and for the quarter ended March 31, 2011, and which are accounted pursuant to the ASC Subtopic 310-30, were as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Non-credit impaired loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Credit impaired loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Total</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Carrying</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Carrying</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Carrying</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accretable</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">amount of</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accretable</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accretable</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">amount</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">yield</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">yield</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">of loans</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">yield</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">of loans</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at January 1, 2010 </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Additions [1] </div></td> <td> </td> <td align="left">$</td> <td align="right">1,487,634</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,212,857</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">50,425</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">696,790</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,538,059</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,909,647</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Accretion </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(179,707</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">179,707</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(27,244</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">27,244</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(206,951</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">206,951</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collections </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(498,185</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(78,485</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(576,670</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at December 31, 2010 </div></td> <td> </td> <td align="left">$</td> <td align="right">1,307,927</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,894,379</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">23,181</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">645,549</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,331,108</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,539,928</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accretion </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(63,418</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">63,418</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(9,514</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">9,514</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(72,932</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">72,932</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Decrease in cash flow estimates </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(9,127</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(9,127</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collections </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(169,147</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(16,387</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(185,534</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at March 31, 2011, net of allowance for loan losses </div></td> <td> </td> <td align="left">$</td> <td align="right">1,244,509</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,788,650</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">13,667</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">629,549</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,258,176</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,418,199</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr> <td valign="top">[1] </td> <td> </td> <td valign="bottom"> Amount presented in the “Carrying amount of loans” column represents the estimated fair value of the loans at the date of acquisition.  </td> </tr> </table> <div align="left" style="font-size: 10pt; margin-top: 6pt">Note: There were no reclassifications from non-accretable difference to accretable yield from April 30, 2010 to March 31, 2011. </div> <div style="font-size: 1pt; margin-top: 6pt; width: 100%; border-top: 1px solid #000000">  </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">During the quarter ended March 31, 2011, the Corporation recorded an allowance for loan losses related to the acquired covered loans that are accounted for under ASC Subtopic 310-30 as one pool reflected higher than expected credit deterioration. The following table provides the activity in the allowance for loan losses related to these acquired loans for the first quarter of 2011. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="88%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Credit Impaired Loans</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at beginning of period </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td align="left">$</td> <td align="right">9,127</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Charge-offs </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,830</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Recoveries </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at end of period </div></td> <td> </td> <td align="left">$</td> <td align="right">5,297</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">There was no need to record an allowance for loan losses related to the covered loans at December 31, 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation accounts for lines of credit with revolving privileges under the accounting guidance of ASC Subtopic 310-20, which requires that any differences between the contractually required loan payment receivable in excess of the initial investment in the loans be accreted into interest income over the life of the loan, if the loan is accruing interest. The following table presents acquired loans accounted for under ASC Subtopic 310-20 at the April 30, 2010 acquisition date (as recasted): </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="88%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td align="center" colspan="2" nowrap="nowrap">(In thousands)</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value of loans accounted under ASC Subtopic 310-20 </div></td> <td> </td> <td align="left">$</td> <td align="right">290,810</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Gross contractual amounts receivable (principal and interest) </div></td> <td> </td> <td align="left">$</td> <td align="right">457,201</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Estimate of contractual cash flows not expected to be collected </div></td> <td> </td> <td align="left">$</td> <td align="right">164,427</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The cash flows expected to be collected consider the estimated remaining life of the underlying loans and include the effects of estimated prepayments. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Covered loans accounted for under ASC Subtopic 310-20 amounted to $0.3 billion at March 31, 2011, and December 31, 2010. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 10 — Allowance for Loan Losses:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the changes in the allowance for loan losses for the quarters ended March 31, 2011 and 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at beginning of period </div></td> <td> </td> <td align="left">$</td> <td align="right">793,225</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,261,204</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right">75,319</td> <td> </td> <td> </td> <td> </td> <td align="right">240,200</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Recoveries </div></td> <td> </td> <td> </td> <td align="right">25,255</td> <td> </td> <td> </td> <td> </td> <td align="right">19,473</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Charge-offs </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(171,101</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(243,841</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Recoveries related to loans transferred to loans held-for-sale[1] </div></td> <td> </td> <td> </td> <td align="right">13,807</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at end of period </div></td> <td> </td> <td align="left">$</td> <td align="right">736,505</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,277,036</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top" > <td nowrap="nowrap" align="left">[1]</td> <td> </td> <td>Refer to Note 1 to the consolidated financial statements for a description of the nature of this amount.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation’s allowance for loan losses at March 31, 2011 includes $9 million related to the covered loan portfolio acquired in the Westernbank FDIC-assisted transaction. This allowance covers the estimated credit loss exposure related to: (i) acquired loans accounted for under ASC Subtopic 310-30, which required an allowance for loan losses of $5 million at quarter end, as one pool reflected a higher than expected credit deterioration; (ii) acquired loans accounted for under ASC Subtopic 310-20, which required an allowance for loan losses of $2 million, and (iii) loan advances on loan commitments assumed by the Corporation as part of the acquisition, which required an allowance of $2 million. Decreases in expected cash flows after the acquisition date for loans (pools) accounted for under ASC Subtopic 310-30 are recognized by recording an allowance for loan losses. For purposes of loans accounted for under ASC 310-20 and new loans originated as result of loan commitments assumed, the Corporation’s assessment of the allowance for loan losses is determined in accordance with the accounting guidance of loss contingencies in ASC Subtopic 450-20 (general reserve for inherent losses) and loan impairment guidance in ASC Section 310-10-35 for individually impaired loans. Concurrently, the Corporation recorded an increase in the FDIC loss share indemnification asset for the expected reimbursement from the FDIC under the loss sharing agreements. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following tables present the changes in the allowance for loan losses and the loan balance by portfolio segments for the quarter ended March 31, 2011. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="23%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="28" style="border-bottom: 1px solid #000000">March 31, 2011</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="28" style="border-bottom: 1px solid #000000">Puerto Rico </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Commercial</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Commercial</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Secured</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unsecured</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Construction</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Mortgage</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Leasing</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Consumer</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Allowance for loan losses:</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Beginning balance </div></td> <td> </td> <td align="left">$</td> <td align="right">174,786</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">81,857</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16,074</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">42,029</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,154</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">133,531</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">455,431</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Charge-offs </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(35,205</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(12,534</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(14,099</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8,204</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,946</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(35,823</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(107,811</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Recoveries </div></td> <td> </td> <td> </td> <td align="right">5,322</td> <td> </td> <td> </td> <td> </td> <td align="right">2,182</td> <td> </td> <td> </td> <td> </td> <td align="right">1,733</td> <td> </td> <td> </td> <td> </td> <td align="right">527</td> <td> </td> <td> </td> <td> </td> <td align="right">767</td> <td> </td> <td> </td> <td> </td> <td align="right">7,063</td> <td> </td> <td> </td> <td> </td> <td align="right">17,594</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Provision </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8,567</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">13,308</td> <td> </td> <td> </td> <td> </td> <td align="right">14,664</td> <td> </td> <td> </td> <td> </td> <td align="right">21,574</td> <td> </td> <td> </td> <td> </td> <td align="right">633</td> <td> </td> <td> </td> <td> </td> <td align="right">25,644</td> <td> </td> <td> </td> <td> </td> <td align="right">67,256</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance </div></td> <td> </td> <td align="left">$</td> <td align="right">136,336</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">84,813</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">18,372</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">55,926</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,608</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">130,415</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">432,470</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: non-covered loans </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">individually evaluated for impairment </div></td> <td> </td> <td align="left">$</td> <td align="right">5,531</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,681</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,883</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">15,095</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: non-covered loans </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">collectively evaluated for impairment </div></td> <td> </td> <td align="left">$</td> <td align="right">130,805</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">80,197</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">11,438</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">48,984</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,608</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">130,184</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">408,216</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: covered loans accounted for under ASC 310-30 and ASC 310-20 </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,935</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,934</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">59</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">231</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,159</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Loans held-in-portfolio:</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance </div></td> <td> </td> <td align="left">$</td> <td align="right">8,787,036</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">584,680</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">770,476</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,278,656</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">565,881</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,004,612</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">18,991,341</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: non-covered loans </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">individually evaluated for impairment </div></td> <td> </td> <td align="left">$</td> <td align="right">315,442</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,633</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">56,607</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">141,819</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">523,501</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: non-covered loans </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">collectively evaluated for impairment </div></td> <td> </td> <td align="left">$</td> <td align="right">6,068,199</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">269,312</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">92,682</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,889,361</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">565,881</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,852,855</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">13,738,290</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: covered loans accounted for under ASC 310-30 and ASC 310-20 </div></td> <td> </td> <td align="left">$</td> <td align="right">2,403,395</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">305,735</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">621,187</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,247,476</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">151,757</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,729,550</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="23%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="28" style="border-bottom: 1px solid #000000">March 31, 2011 </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="28" style="border-bottom: 1px solid #000000">United States </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Commercial</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Commercial</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Secured</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unsecured</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Construction</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Mortgage</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Leasing</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Consumer</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Allowance for loan losses:</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Beginning balance </div></td> <td> </td> <td align="left">$</td> <td align="right">201,244</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,504</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">31,650</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">28,839</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,999</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">65,558</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">337,794</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Charge-offs </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(37,565</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(692</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5,433</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,358</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(328</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(17,914</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(63,290</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Recoveries </div></td> <td> </td> <td> </td> <td align="right">4,734</td> <td> </td> <td> </td> <td> </td> <td align="right">225</td> <td> </td> <td> </td> <td> </td> <td align="right">286</td> <td> </td> <td> </td> <td> </td> <td align="right">788</td> <td> </td> <td> </td> <td> </td> <td align="right">276</td> <td> </td> <td> </td> <td> </td> <td align="right">1,352</td> <td> </td> <td> </td> <td> </td> <td align="right">7,661</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Recoveries related to loans transferred to LHFS </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">13,807</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">13,807</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Provision </div></td> <td> </td> <td> </td> <td align="right">17,845</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,669</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">1,263</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(17,833</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,212</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">10,669</td> <td> </td> <td> </td> <td> </td> <td align="right">8,063</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance </div></td> <td> </td> <td align="left">$</td> <td align="right">186,258</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,368</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">27,766</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">24,243</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,735</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">59,665</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">304,035</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: non-covered loans individually evaluated for impairment </div></td> <td> </td> <td align="left">$</td> <td align="right">1,514</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,283</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,797</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: non-covered loans collectively evaluated for impairment </div></td> <td> </td> <td align="left">$</td> <td align="right">184,744</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,368</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">27,766</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">22,960</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,735</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">59,665</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">301,238</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Loans held-in-portfolio:</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance </div></td> <td> </td> <td align="left">$</td> <td align="right">4,445,326</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16,419</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">290,110</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">864,502</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">26,210</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">772,431</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,414,998</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: non-covered loans individually evaluated for impairment </div></td> <td> </td> <td align="left">$</td> <td align="right">134,953</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">161,285</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,207</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">301,445</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: non-covered loans collectively evaluated for impairment </div></td> <td> </td> <td align="left">$</td> <td align="right">4,310,373</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16,419</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">128,825</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">859,295</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">26,210</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">772,431</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,113,553</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="23%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="28" style="border-bottom: 1px solid #000000">March 31, 2011</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="28" style="border-bottom: 1px solid #000000">Popular, Inc.</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Commercial</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Commercial</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Secured</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unsecured</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Construction</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Mortgage</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Leasing</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Consumer</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Allowance for loan losses:</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Beginning balance </div></td> <td> </td> <td align="left">$</td> <td align="right">376,030</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">86,361</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">47,724</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">70,868</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">13,153</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">199,089</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">793,225</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Charge-offs </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(72,770</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(13,226</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(19,532</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(9,562</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,274</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(53,737</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(171,101</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Recoveries </div></td> <td> </td> <td> </td> <td align="right">10,056</td> <td> </td> <td> </td> <td> </td> <td align="right">2,407</td> <td> </td> <td> </td> <td> </td> <td align="right">2,019</td> <td> </td> <td> </td> <td> </td> <td align="right">1,315</td> <td> </td> <td> </td> <td> </td> <td align="right">1,043</td> <td> </td> <td> </td> <td> </td> <td align="right">8,415</td> <td> </td> <td> </td> <td> </td> <td align="right">25,255</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Recoveries related to loans transferred to LHFS </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">13,807</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">13,807</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Provision </div></td> <td> </td> <td> </td> <td align="right">9,278</td> <td> </td> <td> </td> <td> </td> <td align="right">11,639</td> <td> </td> <td> </td> <td> </td> <td align="right">15,927</td> <td> </td> <td> </td> <td> </td> <td align="right">3,741</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,579</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">36,313</td> <td> </td> <td> </td> <td> </td> <td align="right">75,319</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance </div></td> <td> </td> <td align="left">$</td> <td align="right">322,594</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">87,181</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">46,138</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">80,169</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10,343</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">190,080</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">736,505</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: non-covered loans individually evaluated for impairment </div></td> <td> </td> <td align="left">$</td> <td align="right">7,045</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,681</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8,166</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">17,892</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: non-covered loans collectively evaluated for impairment </div></td> <td> </td> <td align="left">$</td> <td align="right">315,549</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">82,565</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">39,204</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">71,944</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10,343</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">189,849</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">709,454</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: covered loans accounted for under ASC 310-30 and ASC 310-20 </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,935</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,934</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">59</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">231</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,159</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Loans held-in-portfolio:</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance </div></td> <td> </td> <td align="left">$</td> <td align="right">13,232,362</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">601,099</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,060,586</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,143,158</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">592,091</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,777,043</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25,406,339</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: non-covered loans individually evaluated for impairment </div></td> <td> </td> <td align="left">$</td> <td align="right">450,395</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,633</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">217,892</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">147,026</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">824,946</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: non-covered loans collectively evaluated for impairment </div></td> <td> </td> <td align="left">$</td> <td align="right">10,378,572</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">285,731</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">221,507</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,748,656</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">592,091</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,625,286</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">19,851,843</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance: covered loans accounted for under ASC 310-30 and ASC 310-20 </div></td> <td> </td> <td align="left">$</td> <td align="right">2,403,395</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">305,735</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">621,187</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,247,476</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">151,757</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,729,550</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt"><u><b><i> Non-covered Impaired loans</i></b></u> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Disclosures related to non-covered loans that were considered impaired based on ASC Section 310-10-35 are included in the table below. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31, 2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Impaired loans with related allowance </div></td> <td> </td> <td align="left">$</td> <td align="right">187,586</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">154,349</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,328,985</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Impaired loans that do not require an allowance </div></td> <td> </td> <td> </td> <td align="right">637,360</td> <td> </td> <td> </td> <td> </td> <td align="right">644,150</td> <td> </td> <td> </td> <td> </td> <td align="right">425,994</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Total impaired loans </div></td> <td> </td> <td align="left">$</td> <td align="right">824,946</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">798,499</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,754,979</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Allowance for impaired loans </div></td> <td> </td> <td align="left">$</td> <td align="right">17,892</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">13,770</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">345,605</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Average balance of impaired loans during the quarter </div></td> <td> </td> <td align="left">$</td> <td align="right">811,722</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,714,230</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Interest income recognized on impaired loans during the quarter </div></td> <td> </td> <td align="left">$</td> <td align="right">3,348</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,462</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following tables present commercial, construction and mortgage non-covered loans individually evaluated for impairment at March 31, 2011 and December 31, 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="20%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="32" style="border-bottom: 1px solid #000000">March 31, 2011</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="32" style="border-bottom: 1px solid #000000">Puerto Rico </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6">Impaired Loans - </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 0px solid #000000"> </td> <td style="border-bottom: 0px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Impaired Loans - With an Allowance</td> <td style="border-bottom: 0px solid #000000"> </td> <td style="border-bottom: 0px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">With No Allowance</td> <td style="border-bottom: 0px solid #000000"> </td> <td style="border-bottom: 0px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Impaired Loans - Total</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Related</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Related</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Allowance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Allowance</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">8,699</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,024</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,021</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">222,326</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">271,547</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">231,025</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">280,571</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,021</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">24,841</td> <td> </td> <td> </td> <td> </td> <td align="right">25,759</td> <td> </td> <td> </td> <td> </td> <td align="right">7,191</td> <td> </td> <td> </td> <td> </td> <td align="right">69,209</td> <td> </td> <td> </td> <td> </td> <td align="right">140,626</td> <td> </td> <td> </td> <td> </td> <td align="right">94,050</td> <td> </td> <td> </td> <td> </td> <td align="right">166,385</td> <td> </td> <td> </td> <td> </td> <td align="right">7,191</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">56,607</td> <td> </td> <td> </td> <td> </td> <td align="right">109,858</td> <td> </td> <td> </td> <td> </td> <td align="right">56,607</td> <td> </td> <td> </td> <td> </td> <td align="right">109,858</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">141,819</td> <td> </td> <td> </td> <td> </td> <td align="right">143,322</td> <td> </td> <td> </td> <td> </td> <td align="right">6,883</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">141,819</td> <td> </td> <td> </td> <td> </td> <td align="right">143,322</td> <td> </td> <td> </td> <td> </td> <td align="right">6,883</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total Puerto Rico </div></td> <td> </td> <td align="left">$</td> <td align="right">175,359</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">178,105</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">15,095</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">348,142</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">522,031</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">523,501</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">700,136</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">15,095</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 3px double #000000"> </td> </tr>   <tr valign="bottom"> <td width="20%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="32" style="border-bottom: 1px solid #000000">March 31, 2011</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="32" style="border-bottom: 1px solid #000000">USA</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000">Impaired Loans -</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Impaired Loans - With an Allowance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">With No Allowance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Impaired Loans - Total</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Related</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Related</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Allowance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Allowance</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">1,396</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,396</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">81</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">87,088</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">127,228</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">88,484</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">128,624</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">81</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">5,624</td> <td> </td> <td> </td> <td> </td> <td align="right">5,624</td> <td> </td> <td> </td> <td> </td> <td align="right">1,433</td> <td> </td> <td> </td> <td> </td> <td align="right">40,845</td> <td> </td> <td> </td> <td> </td> <td align="right">62,368</td> <td> </td> <td> </td> <td> </td> <td align="right">46,469</td> <td> </td> <td> </td> <td> </td> <td align="right">67,992</td> <td> </td> <td> </td> <td> </td> <td align="right">1,433</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">161,285</td> <td> </td> <td> </td> <td> </td> <td align="right">239,045</td> <td> </td> <td> </td> <td> </td> <td align="right">161,285</td> <td> </td> <td> </td> <td> </td> <td align="right">239,045</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">5,207</td> <td> </td> <td> </td> <td> </td> <td align="right">5,207</td> <td> </td> <td> </td> <td> </td> <td align="right">1,283</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">5,207</td> <td> </td> <td> </td> <td> </td> <td align="right">5,207</td> <td> </td> <td> </td> <td> </td> <td align="right">1,283</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total USA </div></td> <td> </td> <td align="left">$</td> <td align="right">12,227</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">12,227</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,797</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">289,218</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">428,641</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">301,445</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">440,868</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,797</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 3px double #000000"> </td> </tr>   <tr valign="bottom"> <td width="20%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="32" style="border-bottom: 1px solid #000000">March 31, 2011</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="32" style="border-bottom: 1px solid #000000">Popular, Inc.</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6">Impaired Loans - </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 0px solid #000000"> </td> <td style="border-bottom: 0px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Impaired Loans - With an Allowance</td> <td style="border-bottom: 0px solid #000000"> </td> <td style="border-bottom: 0px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">With No Allowance</td> <td style="border-bottom: 0px solid #000000"> </td> <td style="border-bottom: 0px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Impaired Loans - Total</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Related</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Related</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Allowance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Allowance</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">10,095</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10,420</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,102</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">309,414</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">398,775</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">319,509</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">409,195</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,102</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">30,465</td> <td> </td> <td> </td> <td> </td> <td align="right">31,383</td> <td> </td> <td> </td> <td> </td> <td align="right">8,624</td> <td> </td> <td> </td> <td> </td> <td align="right">110,054</td> <td> </td> <td> </td> <td> </td> <td align="right">202,994</td> <td> </td> <td> </td> <td> </td> <td align="right">140,519</td> <td> </td> <td> </td> <td> </td> <td align="right">234,377</td> <td> </td> <td> </td> <td> </td> <td align="right">8,624</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">217,892</td> <td> </td> <td> </td> <td> </td> <td align="right">348,903</td> <td> </td> <td> </td> <td> </td> <td align="right">217,892</td> <td> </td> <td> </td> <td> </td> <td align="right">348,903</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">147,026</td> <td> </td> <td> </td> <td> </td> <td align="right">148,529</td> <td> </td> <td> </td> <td> </td> <td align="right">8,166</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">147,026</td> <td> </td> <td> </td> <td> </td> <td align="right">148,529</td> <td> </td> <td> </td> <td> </td> <td align="right">8,166</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total Popular, Inc. </div></td> <td> </td> <td align="left">$</td> <td align="right">187,586</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">190,332</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">17,892</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">637,360</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">950,672</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">824,946</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,141,004</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">17,892</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="20%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="32" style="border-bottom: 1px solid #000000">December 31, 2010</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="32" style="border-bottom: 1px solid #000000">Puerto Rico</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6">Impaired Loans — With No</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Impaired Loans — With an Allowance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Allowance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Impaired Loans — Total</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Related</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Related</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Allowance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Allowance</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">11,403</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">13,613</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,590</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">208,891</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">256,858</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">220,294</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">270,471</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,590</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">23,699</td> <td> </td> <td> </td> <td> </td> <td align="right">28,307</td> <td> </td> <td> </td> <td> </td> <td align="right">4,960</td> <td> </td> <td> </td> <td> </td> <td align="right">66,589</td> <td> </td> <td> </td> <td> </td> <td align="right">79,917</td> <td> </td> <td> </td> <td> </td> <td align="right">90,288</td> <td> </td> <td> </td> <td> </td> <td align="right">108,224</td> <td> </td> <td> </td> <td> </td> <td align="right">4,960</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">4,514</td> <td> </td> <td> </td> <td> </td> <td align="right">10,515</td> <td> </td> <td> </td> <td> </td> <td align="right">216</td> <td> </td> <td> </td> <td> </td> <td align="right">61,184</td> <td> </td> <td> </td> <td> </td> <td align="right">99,016</td> <td> </td> <td> </td> <td> </td> <td align="right">65,698</td> <td> </td> <td> </td> <td> </td> <td align="right">109,531</td> <td> </td> <td> </td> <td> </td> <td align="right">216</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">114,733</td> <td> </td> <td> </td> <td> </td> <td align="right">115,595</td> <td> </td> <td> </td> <td> </td> <td align="right">5,004</td> <td> </td> <td> </td> <td> </td> <td align="right">6,476</td> <td> </td> <td> </td> <td> </td> <td align="right">6,476</td> <td> </td> <td> </td> <td> </td> <td align="right">121,209</td> <td> </td> <td> </td> <td> </td> <td align="right">122,071</td> <td> </td> <td> </td> <td> </td> <td align="right">5,004</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total Puerto Rico </div></td> <td> </td> <td align="left">$</td> <td align="right">154,349</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">168,030</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">13,770</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">343,140</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">442,267</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">497,489</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">610,297</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">13,770</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 3px double #000000"> </td> </tr>   <tr valign="bottom"> <td width="20%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="32" style="border-bottom: 1px solid #000000">December 31, 2010 </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="32" style="border-bottom: 1px solid #000000">USA </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6">Impaired Loans — With No</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Impaired Loans — With an Allowance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Allowance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Impaired Loans — Total</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Related</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Related</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Allowance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Allowance</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">101,856</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">152,876</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">101,856</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">152,876</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">33,530</td> <td> </td> <td> </td> <td> </td> <td align="right">44,443</td> <td> </td> <td> </td> <td> </td> <td align="right">33,530</td> <td> </td> <td> </td> <td> </td> <td align="right">44,443</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">165,624</td> <td> </td> <td> </td> <td> </td> <td align="right">248,955</td> <td> </td> <td> </td> <td> </td> <td align="right">165,624</td> <td> </td> <td> </td> <td> </td> <td align="right">248,955</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total USA </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">301,010</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">446,274</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">301,010</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">446,274</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr> <td colspan="33"> <div align="left" style="font-size: 10pt; margin-top: 6pt">There were no mortgage loans individually evaluated for impairment in the USA portfolio at December 31, 2010. </div></td> </tr> <tr> <td colspan="33" style="font-size:3pt"> </td> </tr> <tr> <td colspan="33" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="32" style="border-bottom: 1px solid #000000">December 31, 2010</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="32" style="border-bottom: 1px solid #000000">Popular, Inc. </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6">Impaired Loans — With No</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Impaired Loans — With an Allowance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Allowance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Impaired Loans — Total</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Unpaid</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Related</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Principal</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Related</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Allowance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Allowance</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">11,403</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">13,613</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,590</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">310,747</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">409,734</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">322,150</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">423,347</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,590</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">23,699</td> <td> </td> <td> </td> <td> </td> <td align="right">28,307</td> <td> </td> <td> </td> <td> </td> <td align="right">4,960</td> <td> </td> <td> </td> <td> </td> <td align="right">100,119</td> <td> </td> <td> </td> <td> </td> <td align="right">124,360</td> <td> </td> <td> </td> <td> </td> <td align="right">123,818</td> <td> </td> <td> </td> <td> </td> <td align="right">152,667</td> <td> </td> <td> </td> <td> </td> <td align="right">4,960</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">4,514</td> <td> </td> <td> </td> <td> </td> <td align="right">10,515</td> <td> </td> <td> </td> <td> </td> <td align="right">216</td> <td> </td> <td> </td> <td> </td> <td align="right">226,808</td> <td> </td> <td> </td> <td> </td> <td align="right">347,971</td> <td> </td> <td> </td> <td> </td> <td align="right">231,322</td> <td> </td> <td> </td> <td> </td> <td align="right">358,486</td> <td> </td> <td> </td> <td> </td> <td align="right">216</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">114,733</td> <td> </td> <td> </td> <td> </td> <td align="right">115,595</td> <td> </td> <td> </td> <td> </td> <td align="right">5,004</td> <td> </td> <td> </td> <td> </td> <td align="right">6,476</td> <td> </td> <td> </td> <td> </td> <td align="right">6,476</td> <td> </td> <td> </td> <td> </td> <td align="right">121,209</td> <td> </td> <td> </td> <td> </td> <td align="right">122,071</td> <td> </td> <td> </td> <td> </td> <td align="right">5,004</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total Popular, Inc. </div></td> <td> </td> <td align="left">$</td> <td align="right">154,349</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">168,030</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">13,770</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">644,150</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">888,541</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">798,499</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,056,571</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">13,770</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr> <td colspan="33"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the average recorded investment and interest income recognized on non-covered impaired loans for the quarter ended March 31, 2011. </div></td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">March 31, 2011 </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Puerto Rico</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">USA</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Popular, Inc.</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Interest</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Interest</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Interest</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Average Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Income</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Average Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Income</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Average Recorded</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Income</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recognized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recognized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Investment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Recognized</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">225,660</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">669</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">95,170</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">95</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">320,830</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">764</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">92,168</td> <td> </td> <td> </td> <td> </td> <td align="right">252</td> <td> </td> <td> </td> <td> </td> <td align="right">40,000</td> <td> </td> <td> </td> <td> </td> <td align="right">217</td> <td> </td> <td> </td> <td> </td> <td align="right">132,168</td> <td> </td> <td> </td> <td> </td> <td align="right">469</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">61,153</td> <td> </td> <td> </td> <td> </td> <td align="right">49</td> <td> </td> <td> </td> <td> </td> <td align="right">163,454</td> <td> </td> <td> </td> <td> </td> <td align="right">152</td> <td> </td> <td> </td> <td> </td> <td align="right">224,607</td> <td> </td> <td> </td> <td> </td> <td align="right">201</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">131,514</td> <td> </td> <td> </td> <td> </td> <td align="right">1,914</td> <td> </td> <td> </td> <td> </td> <td align="right">2,603</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">134,117</td> <td> </td> <td> </td> <td> </td> <td align="right">1,914</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total Popular, Inc. </div></td> <td> </td> <td align="left">$</td> <td align="right">510,495</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,884</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">301,227</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">464</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">811,722</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,348</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">Troubled debt restructurings related to non-covered loans held-in-portfolio amounted to $580 million at March 31, 2011 (December 31, 2010 - $561 million). The amount of outstanding commitments to lend additional funds to debtors owing receivables whose terms have been modified in troubled debt restructurings amounted to $372 thousand related to the construction loan portfolio and $2 million related to the commercial loan portfolio at March 31, 2011 (December 31, 2010 — $3 million and $1 million, respectively). </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><u><b><i>Credit Quality</i></b></u> <br /> <br style="font-size:6pt" /> The Corporation has defined a dual risk rating system to assign a rating to all credit exposures, particularly for the commercial and construction loan portfolios. Risk ratings in the aggregate provide the Corporation’s management the asset quality profile for the loan portfolio. The dual risk rating system provides for the assignment of ratings at the obligor level based on the financial condition of the borrower, and at the credit facility level based on the collateral supporting the transaction. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation’s obligor risk rating scales range from rating 1 (Excellent) to rating 14 (Loss). The obligor risk rating reflects the risk of payment default of a borrower in the ordinary course of business. The risk ratings defined below conform to regulatory ratings. </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left"> </td> <td width="1%"> </td> <td>Special Mention — Loans classified as special mention have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Corporation’s credit position at some future date.</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left"> </td> <td width="1%"> </td> <td>Substandard — Loans classified as substandard are deemed to be inadequately protected by the current net worth and payment capacity of the obligor or of the collateral pledged, if any. Loans classified as such have well-defined weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left"> </td> <td width="1%"> </td> <td>Doubtful — Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the additional characteristic that the weaknesses make the collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left"> </td> <td width="1%"> </td> <td>Loss — Uncollectible and of such little value that continuance as a bankable asset is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this asset even though partial recovery may be affected in the future.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation has defined as adversely classified loans all credit facilities with obligor risk ratings of Substandard, Doubtful or Loss. The assignment of the obligor risk rating is based on relevant information about the ability of borrowers to service their debts such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation periodically reviews loans classified as watch list or worse, to evaluate if they are properly classified, and to determine impairment, if any. The frequency of these reviews will depend on the amount of the aggregate outstanding debt, and the risk rating classification of the obligor. In addition, during the renewal process of applicable credit facilities, the Corporation evaluates the corresponding loan grades. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">Loans classified as pass credits are excluded from the scope of the review process described above until: (a) they become past due; (b) management becomes aware of deterioration in the credit worthiness of the borrower; or (c) the customer contacts the Corporation for a modification. In these circumstances, the credit facilities are specifically evaluated to assign the appropriate risk rating classification. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the outstanding balance, net of unearned, of non-covered loans held-in-portfolio that the Corporation has defined as adversely classified at March 31, 2011 and December 31, 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">December 31, 2010</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Adversely Classified</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total Portfolio</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Adversely Classified</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total Portfolio</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><i>Puerto Rico</i> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">609,548</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,630,486</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">623,325</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,855,598</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">395,332</td> <td> </td> <td> </td> <td> </td> <td align="right">3,032,100</td> <td> </td> <td> </td> <td> </td> <td align="right">355,562</td> <td> </td> <td> </td> <td> </td> <td align="right">2,861,418</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">67,517</td> <td> </td> <td> </td> <td> </td> <td align="right">149,289</td> <td> </td> <td> </td> <td> </td> <td align="right">83,115</td> <td> </td> <td> </td> <td> </td> <td align="right">168,356</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">606,763</td> <td> </td> <td> </td> <td> </td> <td align="right">4,031,180</td> <td> </td> <td> </td> <td> </td> <td align="right">550,933</td> <td> </td> <td> </td> <td> </td> <td align="right">3,649,700</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Leasing </div></td> <td> </td> <td> </td> <td align="right">20,529</td> <td> </td> <td> </td> <td> </td> <td align="right">565,881</td> <td> </td> <td> </td> <td> </td> <td align="right">11,508</td> <td> </td> <td> </td> <td> </td> <td align="right">572,787</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer </div></td> <td> </td> <td> </td> <td align="right">48,794</td> <td> </td> <td> </td> <td> </td> <td align="right">2,852,855</td> <td> </td> <td> </td> <td> </td> <td align="right">52,133</td> <td> </td> <td> </td> <td> </td> <td align="right">2,897,835</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total Puerto Rico </div></td> <td> </td> <td align="left">$</td> <td align="right">1,748,483</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">14,261,791</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,676,576</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">14,005,694</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><i>United States</i> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">616,014</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,250,603</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">633,470</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,151,078</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial and industrial </div></td> <td> </td> <td> </td> <td align="right">206,046</td> <td> </td> <td> </td> <td> </td> <td align="right">1,211,142</td> <td> </td> <td> </td> <td> </td> <td align="right">250,843</td> <td> </td> <td> </td> <td> </td> <td align="right">1,525,391</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Construction </div></td> <td> </td> <td> </td> <td align="right">240,532</td> <td> </td> <td> </td> <td> </td> <td align="right">290,110</td> <td> </td> <td> </td> <td> </td> <td align="right">274,300</td> <td> </td> <td> </td> <td> </td> <td align="right">332,495</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage </div></td> <td> </td> <td> </td> <td align="right">26,355</td> <td> </td> <td> </td> <td> </td> <td align="right">864,502</td> <td> </td> <td> </td> <td> </td> <td align="right">23,587</td> <td> </td> <td> </td> <td> </td> <td align="right">875,022</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Leasing </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">26,210</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">30,206</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer </div></td> <td> </td> <td> </td> <td align="right">19,311</td> <td> </td> <td> </td> <td> </td> <td align="right">772,431</td> <td> </td> <td> </td> <td> </td> <td align="right">23,065</td> <td> </td> <td> </td> <td> </td> <td align="right">808,149</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total United States </div></td> <td> </td> <td align="left">$</td> <td align="right">1,108,258</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,414,998</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,205,265</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,722,341</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">2,856,741</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">20,676,789</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,881,841</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">20,728,035</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left"> </div> </div>   <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 11 — FDIC Loss Share Indemnification Asset:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In connection with the Westernbank FDIC-assisted transaction, BPPR entered into loss sharing agreements with the FDIC with respect to the covered loans and other real estate owned. Pursuant to the terms of the loss sharing agreements, the FDIC’s obligation to reimburse BPPR for losses with respect to covered assets begins with the first dollar of loss incurred. The FDIC will reimburse BPPR for 80% of losses with respect to covered assets, and BPPR will reimburse the FDIC for 80% of recoveries with respect to losses for which the FDIC paid BPPR 80% reimbursement under the loss sharing agreements. The loss sharing agreement applicable to single-family residential mortgage loans provides for FDIC loss and recoveries sharing for ten years. The loss sharing agreement applicable to commercial and consumer loans provides for FDIC loss sharing for five years and BPPR reimbursement to the FDIC for eight years, in each case, on the same terms and conditions as described above. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In addition, as disclosed in the 2010 Annual Report, BPPR has agreed to make a true-up payment to the FDIC on the date that is 45 days following the last day (the “True-Up Measurement Date”) of the final shared-loss month, or upon the final disposition of all covered assets under the loss sharing agreements in the event losses on the loss sharing agreements fail to reach expected levels. The estimated true-up payment is recorded as a reduction of the FDIC loss share indemnification asset. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table sets forth the activity in the FDIC loss share indemnification asset for the quarter ended March 31, 2011. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="88%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at January 1 </div></td> <td> </td> <td align="left">$</td> <td align="right">2,311,997</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Increase due to a decrease in cash flow estimates </div></td> <td> </td> <td> </td> <td align="right">12,445</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Accretion </div></td> <td> </td> <td> </td> <td align="right">24,308</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Decrease due to reciprocal accounting on the discount accretion for loans and unfunded commitments accounted for under ASC Subtopic 310-20 </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(21,465</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Claims </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,667</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at March 31 </div></td> <td> </td> <td align="left">$</td> <td align="right">2,325,618</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 12 — Transfers of Financial Assets and Mortgage Servicing Rights:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation typically transfers conforming residential mortgage loans in conjunction with GNMA and FNMA securitization transactions whereby the loans are exchanged for cash or securities and servicing rights. The securities issued through these transactions are guaranteed by the corresponding agency and, as such, under seller/service agreements the Corporation is required to service the loans in accordance with the agencies’ servicing guidelines and standards. Substantially, all mortgage loans securitized by the Corporation in GNMA and FNMA securities have fixed rates and represent conforming loans. As seller, the Corporation has made certain representations and warranties with respect to the originally transferred loans and, in some instances, has sold loans with credit recourse to a government-sponsored entity, namely FNMA. Refer to Note 19 to the consolidated financial statements for a description of such arrangements. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">During the quarter ended March 31, 2011, the Corporation retained servicing rights on guaranteed mortgage securitizations (FNMA and GNMA) and whole loan sales involving approximately $366 million in principal balance outstanding (March 31, 2010 — $231 million). During the quarter ended March 31, 2011, the Corporation recognized net gains of approximately $0.5 million on these transactions (March 31, 2010 — $4.5 million). All loan sales or securitizations performed during the quarter ended March 31, 2011 were without credit recourse agreements. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">During the quarter ended March 31, 2011, the Corporation obtained as proceeds $335 million of assets as result of securitization transactions with FNMA and GNMA, consisting of $329 million in mortgage-backed securities and $6 million in servicing rights. During the quarter ended March 31, 2010, the Corporation obtained as proceeds $209 million of assets as result of securitization transactions with FNMA and GNMA, consisting of $205 million in mortgage-backed securities and $4 million in servicing rights. No liabilities were incurred as a result of these transfers during the quarters ended March 31, 2011 and 2010 because they did not contain any credit recourse arrangements. The Corporation recorded a net gain of $6.3 million and $5.2 million, respectively, during the quarters ended March 31, 2011 and 2010 related to these residential mortgage loans securitized. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following tables present the initial fair value of the assets obtained as proceeds from residential mortgage loans securitized during the quarters ended March 31, 2011 and 2010: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="16" style="border-bottom: 1px solid #000000">Proceeds Obtained During the Quarter Ended March 31, 2011</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 3</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Initial Fair Value</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Assets </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Trading account securities: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Mortgage-backed securities — GNMA </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">255,574</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">255,574</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Mortgage-backed securities — FNMA </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">73,018</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">73,018</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total trading account securities </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">328,592</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">328,592</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage servicing rights </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,949</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,949</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">328,592</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,949</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">334,541</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="16" style="border-bottom: 1px solid #000000">Proceeds Obtained During the Quarter Ended March 31, 2010</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 3</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Initial Fair Value</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Assets </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investments securities available for sale: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Mortgage-backed securities — GNMA </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,810</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,810</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Mortgage-backed securities — FNMA </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities available-for-sale </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,810</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,810</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Trading account securities: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Mortgage-backed securities — GNMA </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">161,925</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,629</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">163,554</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Mortgage-backed securities — FNMA </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">38,692</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">38,692</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total trading account securities </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">200,617</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,629</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">202,246</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage servicing rights </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,741</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,741</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">200,617</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8,180</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">208,797</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation recognizes as assets the rights to service loans for others, whether these rights are purchased or result from asset transfers such as sales and securitizations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Classes of mortgage servicing rights were determined based on the different markets or types of assets being serviced. The Corporation recognizes the servicing rights of its banking subsidiaries that are related to residential mortgage loans as a class of servicing rights. These mortgage servicing rights (“MSRs”) are measured at fair value. Fair value determination is performed on a subsidiary basis, with assumptions varying in accordance with the types of assets or markets served. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation uses a discounted cash flow model to estimate the fair value of MSRs. The discounted cash flow model incorporates assumptions that market participants would use in estimating future net servicing income, including estimates of prepayment speeds, discount rate, cost to service, escrow account earnings, contractual servicing fee income, prepayment and late fees, among other considerations. Prepayment speeds are adjusted for the Corporation’s loan characteristics and portfolio behavior. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the changes in MSRs measured using the fair value method for the quarters ended March 31, 2011 and 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="9" style="border-bottom: 1px solid #000000">Residential MSRs</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value at beginning of year </div></td> <td> </td> <td align="left">$</td> <td align="right">166,907</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">169,747</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Purchases </div></td> <td> </td> <td> </td> <td align="right">383</td> <td> </td> <td> </td> <td> </td> <td align="right">182</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Servicing from securitizations or asset transfers </div></td> <td> </td> <td> </td> <td align="right">6,297</td> <td> </td> <td> </td> <td> </td> <td align="right">3,900</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Changes due to payments on loans [1] </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4,254</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,734</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Changes in fair value due to changes in valuation model inputs or assumptions </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,917</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">3,264</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value at end of year </div></td> <td> </td> <td align="left">$</td> <td align="right">167,416</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">173,359</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td colspan="3">[1]     Represents changes due to collection / realization of expected cash flows over time.</td> </tr> </table> <div align="center" style="border-bottom: 1px solid #000000; font-size: 1px">  </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Residential mortgage loans serviced for others were $18.0 billion at March 31, 2011 (December 31, 2010 — $18.4 billion; March 31, 2010 — $17.6 billion). </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Net mortgage servicing fees, a component of other service fees in the consolidated statements of operations, include the changes from period to period in the fair value of the MSRs, which may result from changes in the valuation model inputs or assumptions (principally reflecting changes in discount rates and prepayment speed assumptions) and other changes, including changes due to collection / realization of expected cash flows. Mortgage servicing fees, excluding fair value adjustments, for the quarter ended March 31, 2011 amounted to $12.4 million (March 31, 2010 — $10.9 million). The banking subsidiaries receive servicing fees based on a percentage of the outstanding loan balance. At March 31, 2011, those weighted average mortgage servicing fees were 0.26% (2010 — 0.27%). Under these servicing agreements, the banking subsidiaries do not generally earn significant prepayment penalty fees on the underlying loans serviced. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The section below includes information on assumptions used in the valuation model of the MSRs, originated and purchased. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Key economic assumptions used in measuring the servicing rights retained at the date of the residential mortgage loan securitizations and whole loan sales by the banking subsidiaries during the quarters ended March 31, were as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Prepayment speed </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">4.9</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">7.4</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Weighted average life </div></td> <td> </td> <td colspan="3" nowrap="nowrap" align="right">20.6 years</td> <td> </td> <td colspan="3" nowrap="nowrap" align="right">13.5 years</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Discount rate (annual rate) </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">11.4</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">11.1</td> <td nowrap="nowrap">%</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Key economic assumptions used to estimate the fair value of MSRs derived from sales and securitizations of mortgage loans performed by the banking subsidiaries and the sensitivity to immediate changes in those assumptions at March 31, 2011 and 2010 were as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="8" style="border-bottom: 1px solid #000000">Originated MSRs</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000">March 31,</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value of retained interests </div></td> <td> </td> <td align="left">$</td> <td align="right">104,513</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">102,235</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Weighted average life </div></td> <td> </td> <td colspan="3" align="right" nowrap="nowrap">12.5 years</td> <td> </td> <td colspan="3" align="right" nowrap="nowrap">11.8 years</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Weighted average prepayment speed (annual rate) </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">8.0</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">8.5</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Impact on fair value of 10% adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($3,441</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($3,289</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Impact on fair value of 20% adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($6,811</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($6,500</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Weighted average discount rate (annual rate) </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">12.7</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">12.9</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Impact on fair value of 10% adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($4,582</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($4,300</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Impact on fair value of 20% adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($8,895</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($8,362</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr style="font-size: 6pt"> <td> </td> </tr> <tr> <td colspan="9">The banking subsidiaries also own servicing rights purchased from other financial institutions. The fair value of purchased MSRs, their related valuation assumptions and the sensitivity to immediate changes in those assumptions at March 31, 2011 and 2010 were as follows: </td> </tr> <tr style="font-size: 6pt"> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="8" style="border-bottom: 1px solid #000000">Purchased MSRs</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000">March 31,</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value of retained interests </div></td> <td> </td> <td align="left">$</td> <td align="right">62,903</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">71,124</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Weighted average life </div></td> <td> </td> <td colspan="2" align="right" nowrap="nowrap">12.0 years</td> <td> </td> <td> </td> <td colspan="2" align="right" nowrap="nowrap">13.5 years</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Weighted average prepayment speed (annual rate) </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">8.3</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">7.4</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Impact on fair value of 10% adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($2,577</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($2,597</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Impact on fair value of 20% adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($4,642</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($4,562</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Weighted average discount rate (annual rate) </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">11.4</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">11.6</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Impact on fair value of 10% adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($2,821</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($3,223</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Impact on fair value of 20% adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($5,077</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($5,728</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The sensitivity analyses presented in the tables above for servicing rights are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10 and 20 percent variation in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in the sensitivity tables included herein, the effect of a variation in a particular assumption on the fair value of the retained interest is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments and increased credit losses), which might magnify or counteract the sensitivities. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011, the Corporation serviced $3.8 billion (December 31, 2010 — $4.0 billion; March 31, 2010 — $4.3 billion) in residential mortgage loans with credit recourse to the Corporation. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">Under the GNMA securitizations, the Corporation, as servicer, has the right to repurchase (but not the obligation), at its option and without GNMA’s prior authorization, any loan that is collateral for a GNMA guaranteed mortgage-backed security when certain delinquency criteria are met. At the time that individual loans meet GNMA’s specified delinquency criteria and are eligible for repurchase, the Corporation is deemed to have regained effective control over these loans. At March 31, 2011, the Corporation had recorded $157 million in mortgage loans on its financial statements related to this buy-back option program (March 31, 2010 — $138 million). </div> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 13 — Other Assets:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The caption of other assets in the consolidated statements of condition consists of the following major categories: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31, 2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Investments under the equity method </div></td> <td> </td> <td align="left">$</td> <td align="right">294,559</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">299,185</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">106,147</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net deferred tax assets (net of valuation allowance) </div></td> <td> </td> <td> </td> <td align="right">250,568</td> <td> </td> <td> </td> <td> </td> <td align="right">388,466</td> <td> </td> <td> </td> <td> </td> <td align="right">366,224</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Bank-owned life insurance program </div></td> <td> </td> <td> </td> <td align="right">239,103</td> <td> </td> <td> </td> <td> </td> <td align="right">237,997</td> <td> </td> <td> </td> <td> </td> <td align="right">234,008</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Prepaid FDIC insurance assessment </div></td> <td> </td> <td> </td> <td align="right">129,093</td> <td> </td> <td> </td> <td> </td> <td align="right">147,513</td> <td> </td> <td> </td> <td> </td> <td align="right">193,166</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other prepaid expenses </div></td> <td> </td> <td> </td> <td align="right">66,719</td> <td> </td> <td> </td> <td> </td> <td align="right">75,149</td> <td> </td> <td> </td> <td> </td> <td align="right">125,387</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Derivative assets </div></td> <td> </td> <td> </td> <td align="right">65,169</td> <td> </td> <td> </td> <td> </td> <td align="right">72,510</td> <td> </td> <td> </td> <td> </td> <td align="right">72,356</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Trade receivables from brokers and counterparties </div></td> <td> </td> <td> </td> <td align="right">37,752</td> <td> </td> <td> </td> <td> </td> <td align="right">347</td> <td> </td> <td> </td> <td> </td> <td align="right">57,536</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Others </div></td> <td> </td> <td> </td> <td align="right">238,937</td> <td> </td> <td> </td> <td> </td> <td align="right">234,906</td> <td> </td> <td> </td> <td> </td> <td align="right">225,604</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total other assets </div></td> <td> </td> <td align="left">$</td> <td align="right">1,321,900</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,456,073</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,380,428</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 14 — Goodwill and Other Intangible Assets:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The changes in the carrying amount of goodwill for the quarters ended March 31, 2011 and 2010, allocated by reportable segments and corporate group, were as follows (refer to Note 30 for the definition of the Corporation’s reportable segments): </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="12" style="border-bottom: 1px solid #000000">2011</td> <td style="border-bottom: 1px solid #000000" colspan="8"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Purchase</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Goodwill on</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">accounting</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">January 1, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">acquisition</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">adjustments</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Other</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Banco Popular de Puerto Rico </div></td> <td> </td> <td align="left">$</td> <td align="right">245,309</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">245,309</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Banco Popular North America </div></td> <td> </td> <td> </td> <td align="right">402,078</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">402,078</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Corporate </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total Popular, Inc. </div></td> <td> </td> <td align="left">$</td> <td align="right">647,387</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">647,387</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="12" style="border-bottom: 1px solid #000000">2010</td> <td style="border-bottom: 1px solid #000000" colspan="8"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Purchase</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Goodwill on</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">accounting</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">January 1, 2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">acquisition</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">adjustments</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Other</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Banco Popular de Puerto Rico </div></td> <td> </td> <td align="left">$</td> <td align="right">157,025</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">157,025</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Banco Popular North America </div></td> <td> </td> <td> </td> <td align="right">402,078</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">402,078</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Corporate </div></td> <td> </td> <td> </td> <td align="right">45,246</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">45,246</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total Popular, Inc. </div></td> <td> </td> <td align="left">$</td> <td align="right">604,349</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">604,349</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the gross amount of goodwill and accumulated impairment losses at the beginning and the end of the quarter by reportable segment and Corporate group. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">2011</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accumulated</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accumulated</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">January 1, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">impairment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">January 1, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">impairment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">(gross amounts)</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">(net amounts)</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">(gross amounts)</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">(net amounts)</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Banco Popular de Puerto Rico </div></td> <td> </td> <td align="left">$</td> <td align="right">245,309</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">245,309</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">245,309</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">245,309</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Banco Popular North America </div></td> <td> </td> <td> </td> <td align="right">566,489</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">164,411</td> <td> </td> <td> </td> <td> </td> <td align="right">402,078</td> <td> </td> <td> </td> <td> </td> <td align="right">566,489</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">164,411</td> <td> </td> <td> </td> <td> </td> <td align="right">402,078</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Corporate </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total Popular, Inc. </div></td> <td> </td> <td align="left">$</td> <td align="right">811,798</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">164,411</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">647,387</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">811,798</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">164,411</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">647,387</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="24" style="border-bottom: 1px solid #000000">2010</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accumulated</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accumulated</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">January 1, 2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">impairment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">January 1, 2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">impairment</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2010</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">(gross amounts)</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">(net amounts)</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">(gross amounts)</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">losses</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">(net amounts)</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Banco Popular de Puerto Rico </div></td> <td> </td> <td align="left">$</td> <td align="right">157,025</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">157,025</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">157,025</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">157,025</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Banco Popular North America </div></td> <td> </td> <td> </td> <td align="right">566,489</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">164,411</td> <td> </td> <td> </td> <td> </td> <td align="right">402,078</td> <td> </td> <td> </td> <td> </td> <td align="right">566,489</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">164,411</td> <td> </td> <td> </td> <td> </td> <td align="right">402,078</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Corporate </div></td> <td> </td> <td> </td> <td align="right">45,429</td> <td> </td> <td> </td> <td> </td> <td align="right">183</td> <td> </td> <td> </td> <td> </td> <td align="right">45,246</td> <td> </td> <td> </td> <td> </td> <td align="right">45,429</td> <td> </td> <td> </td> <td> </td> <td align="right">183</td> <td> </td> <td> </td> <td> </td> <td align="right">45,246</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total Popular, Inc. </div></td> <td> </td> <td align="left">$</td> <td align="right">768,943</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">164,594</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">604,349</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">768,943</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">164,594</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">604,349</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011, December 31, 2010 and March 31, 2010, the Corporation had $6 million of identifiable intangible assets, with indefinite useful lives, mostly associated with E-LOAN’s trademark. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table reflects the components of other intangible assets subject to amortization: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000">December 31, 2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000">March 31, 2010</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accumulated</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accumulated</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gross</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Accumulated</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amortization</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amortization</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amortization</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Core deposits </div></td> <td> </td> <td align="left">$</td> <td align="right">80,591</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">31,912</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">80,591</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">29,817</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">65,379</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">32,706</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other customer relationships </div></td> <td> </td> <td> </td> <td align="right">5,092</td> <td> </td> <td> </td> <td> </td> <td align="right">3,578</td> <td> </td> <td> </td> <td> </td> <td align="right">5,092</td> <td> </td> <td> </td> <td> </td> <td align="right">3,430</td> <td> </td> <td> </td> <td> </td> <td align="right">8,743</td> <td> </td> <td> </td> <td> </td> <td align="right">6,048</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other intangibles </div></td> <td> </td> <td> </td> <td align="right">189</td> <td> </td> <td> </td> <td> </td> <td align="right">55</td> <td> </td> <td> </td> <td> </td> <td align="right">189</td> <td> </td> <td> </td> <td> </td> <td align="right">43</td> <td> </td> <td> </td> <td> </td> <td align="right">125</td> <td> </td> <td> </td> <td> </td> <td align="right">80</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">85,872</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">35,545</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">85,872</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">33,290</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">74,247</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">38,834</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">During the quarter ended March 31, 2011, the Corporation recognized $2.3 million in amortization expense related to other intangible assets with definite useful lives (March 31, 2010 - $2.0 million). </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the estimated amortization of the intangible assets with definite useful lives for each of the following periods: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="88%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Remaining 2011 </div></td> <td> </td> <td align="left">$</td> <td align="right">6,765</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Year 2012 </div></td> <td> </td> <td> </td> <td align="right">8,493</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Year 2013 </div></td> <td> </td> <td> </td> <td align="right">8,309</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Year 2014 </div></td> <td> </td> <td> </td> <td align="right">7,666</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Year 2015 </div></td> <td> </td> <td> </td> <td align="right">5,522</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Year 2016 </div></td> <td> </td> <td> </td> <td align="right">5,252</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 0px solid #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 15 — Deposits:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Total interest bearing deposits consisted of: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="73%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="8%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Savings accounts </div></td> <td> </td> <td align="left">$</td> <td align="right">6,274,716</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,177,074</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">NOW, money market and other interest bearing demand deposits </div></td> <td> </td> <td> </td> <td align="right">4,991,617</td> <td> </td> <td> </td> <td> </td> <td align="right">4,756,615</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total savings, NOW, money market and other interest bearing demand deposits </div></td> <td> </td> <td> </td> <td align="right">11,266,333</td> <td> </td> <td> </td> <td> </td> <td align="right">10,933,689</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><i>Certificates of deposit:</i> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Under $100,000 </div></td> <td> </td> <td> </td> <td align="right">6,402,998</td> <td> </td> <td> </td> <td> </td> <td align="right">6,238,229</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">$100,000 and over </div></td> <td> </td> <td> </td> <td align="right">4,614,334</td> <td> </td> <td> </td> <td> </td> <td align="right">4,650,961</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total certificates of deposit </div></td> <td> </td> <td> </td> <td align="right">11,017,332</td> <td> </td> <td> </td> <td> </td> <td align="right">10,889,190</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total interest bearing deposits </div></td> <td> </td> <td align="left">$</td> <td align="right">22,283,665</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">21,822,879</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">A summary of certificates of deposit by maturity at March 31, 2011, follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="88%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td align="left">(In thousands)</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">2011 </div></td> <td> </td> <td align="left">$</td> <td align="right">6,337,697</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">2012 </div></td> <td> </td> <td> </td> <td align="right">2,189,299</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">2013 </div></td> <td> </td> <td> </td> <td align="right">876,551</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">2014 </div></td> <td> </td> <td> </td> <td align="right">490,742</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">2015 </div></td> <td> </td> <td> </td> <td align="right">845,355</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">2016 and thereafter </div></td> <td> </td> <td> </td> <td align="right">277,688</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total certificates of deposit </div></td> <td> </td> <td align="left">$</td> <td align="right">11,017,332</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011, the Corporation had brokered certificates of deposit amounting to $2.5 billion (December 31, 2010 — $2.3 billion). </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans was $61 million at March 31, 2011 (December 31, 2010 — $52 million). </div> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 16 — Borrowings:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Assets sold under agreements to repurchase were as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31,</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31,</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31,</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Assets sold under agreements to repurchase </div></td> <td> </td> <td align="left">$</td> <td align="right">2,642,800</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,412,550</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,491,506</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The repurchase agreements outstanding at March 31, 2011 were collateralized by $2.1 billion in investment securities available-for-sale, $587 million in trading securities and $32 million in other assets. At December 31, 2010 and March 31, 2010, the repurchase agreements were collateralized by investment securities available-for-sale and trading securities of $2.1 billion and $492 million; and $2.2 billion and $347 million; respectively. It is the Corporation’s policy to maintain effective control over assets sold under agreements to repurchase; accordingly, such securities continue to be carried on the consolidated statements of condition. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In addition, there were repurchase agreements outstanding collateralized by $209 million in securities purchased underlying agreements to resell to which the Corporation has the right to repledge (December 31, 2010 — $172 million; March 31, 2010 — $181 million). It is the Corporation’s policy to take possession of securities purchased under agreements to resell. However, the counterparties to such agreements maintain effective control over such securities, and accordingly are not reflected in the Corporation’s consolidated statements of condition. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">Other short-term borrowings consisted of: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31,</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31,</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31,</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Advances with the FHLB paying interest at maturity at fixed rates ranging from 0.36% to 0.40% </div></td> <td> </td> <td align="left">$</td> <td align="right">250,000</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">300,000</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Term funds purchased paying interest at maturity at fixed rates ranging from 0.70% to 1.05% (March 31, 2010 — 0.90% to 0.95%) </div></td> <td> </td> <td> </td> <td align="right">39,102</td> <td> </td> <td> </td> <td> </td> <td align="right">52,500</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">22,000</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Securities sold not yet purchased </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">10,459</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Others </div></td> <td> </td> <td> </td> <td align="right">1,200</td> <td> </td> <td> </td> <td> </td> <td align="right">1,263</td> <td> </td> <td> </td> <td> </td> <td align="right">1,263</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total other short-term borrowings </div></td> <td> </td> <td align="left">$</td> <td align="right">290,302</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">364,222</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">23,263</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Notes payable consisted of: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31,</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31,</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Advances with the FHLB: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">-with maturities ranging from 2011 through 2016 paying interest at monthly fixed rates ranging from 0.66% to 4.95% (March 31, 2010 - 1.48% to 5.10%) </div></td> <td> </td> <td align="left">$</td> <td align="right">577,000</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">385,000</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,056,708</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">-maturing in 2010 paying interest quarterly at a fixed rate of 5.10% </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">20,000</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Note issued to the FDIC, including unamortized premium of $1,519; paying interest monthly at an annual fixed rate of 2.50%; maturing on April 30, 2015 or such earlier date as such amount may become due and payable pursuant to the terms of the note </div></td> <td> </td> <td> </td> <td align="right">2,022,669</td> <td> </td> <td> </td> <td> </td> <td align="right">2,492,928</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Term notes with maturities ranging from 2011 to 2013 paying interest semiannually at fixed rates ranging from 5.25% to 7.03% (March 31, 2010 — 5.25% to 13.00%) </div></td> <td> </td> <td> </td> <td align="right">278,201</td> <td> </td> <td> </td> <td> </td> <td align="right">381,133</td> <td> </td> <td> </td> <td> </td> <td align="right">381,926</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Term notes with maturities ranging from 2011 to 2013 paying interest monthly at a floating rate of 3.00% over the 10-year U.S. Treasury note rate </div></td> <td> </td> <td> </td> <td align="right">907</td> <td> </td> <td> </td> <td> </td> <td align="right">1,010</td> <td> </td> <td> </td> <td> </td> <td align="right">1,339</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Term notes maturing in 2011 paying interest quarterly at a floating rate of 9.75% over the 3-month LIBOR rate </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">175,000</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Junior subordinated deferrable interest debentures (related to trust preferred securities) with maturities ranging from 2027 to 2034 with fixed interest rates ranging from 6.125% to 8.327% (Refer to Note 17) </div></td> <td> </td> <td> </td> <td align="right">439,800</td> <td> </td> <td> </td> <td> </td> <td align="right">439,800</td> <td> </td> <td> </td> <td> </td> <td align="right">439,800</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Junior subordinated deferrable interest debentures (related to trust preferred securities) ($936,000 less discount of $485,128 at March 31, 2011 and $507,335 at March 31, 2010) with no stated maturity and a fixed interest rate of 5.00% until, but excluding December 5, 2013 and 9.00% thereafter (Refer to Note 17) </div></td> <td> </td> <td> </td> <td align="right">450,872</td> <td> </td> <td> </td> <td> </td> <td align="right">444,981</td> <td> </td> <td> </td> <td> </td> <td align="right">428,665</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Others </div></td> <td> </td> <td> </td> <td align="right">25,206</td> <td> </td> <td> </td> <td> </td> <td align="right">25,331</td> <td> </td> <td> </td> <td> </td> <td align="right">25,654</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total notes payable </div></td> <td> </td> <td align="left">$</td> <td align="right">3,794,655</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,170,183</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,529,092</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td colspan="3">Note: Refer to the Corporation’s 2010 Annual Report, for rates and maturity information corresponding to the borrowings outstanding at December 31, 2010. Key index rates at March 31, 2011 and March 31, 2010, respectively, were as follows: 3-month LIBOR rate = 0.30% and 0.29%; 10-year U.S. Treasury note = 3.47% and 3.83%.</td> </tr> </table> <div align="center" style="border-bottom: 1px solid #000000; font-size: 1px">  </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In consideration for the excess assets acquired over liabilities assumed as part of the Westernbank FDIC-assisted transaction, BPPR issued to the FDIC a secured note (the “note issued to the FDIC”) in the amount of $5.8 billion at April 30, 2010, which has full recourse to BPPR. As indicated in Note 6 to the consolidated financial statements, the note issued to the FDIC is collateralized by the loans (other than certain consumer loans) and other real estate acquired in the agreement with the FDIC and all proceeds derived from such assets, including cash inflows from claims to the FDIC under the loss sharing agreements. Proceeds received from such sources are used to pay the note under the conditions stipulated in the agreement. The entire outstanding principal balance of the note issued to the FDIC is due five years from issuance (April 30, 2015), or such date as such amount may become due and payable pursuant to the terms of the note. Borrowings under the note bear interest at an annual fixed rate of 2.50% and is paid monthly. If the Corporation fails to pay any interest as and when due, such interest shall accrue interest at the note interest rate plus 2.00% per annum. The Corporation may repay the note in whole or in part without any penalty subject to certain notification requirements indicated in the agreement. During the first quarter of 2011, the Corporation prepaid $224 million of the note issued to the FDIC from funds unrelated to the assets securing the note. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">A breakdown of borrowings by contractual maturities at March 31, 2011 is included in the table below. Given its nature, the maturity of the note issued to the FDIC was based on expected repayment dates and not on its April 30, 2015 contractual maturity date. The expected repayments consider the timing of expected cash inflows on the loans, OREO and claims on the loss sharing agreements that will be applied to repay the note during the period that the note payable to the FDIC is outstanding. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Assets sold under</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">agreements to</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Short-term</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">repurchase</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">borrowings</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Notes payable</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Year </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">2011 </div></td> <td> </td> <td align="left">$</td> <td align="right">1,530,610</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">290,302</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,149,302</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,970,214</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">2012 </div></td> <td> </td> <td> </td> <td align="right">75,000</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">447,567</td> <td> </td> <td> </td> <td> </td> <td align="right">522,567</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">2013 </div></td> <td> </td> <td> </td> <td align="right">49,000</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">98,743</td> <td> </td> <td> </td> <td> </td> <td align="right">147,743</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">2014 </div></td> <td> </td> <td> </td> <td align="right">350,000</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">110,824</td> <td> </td> <td> </td> <td> </td> <td align="right">460,824</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">2015 </div></td> <td> </td> <td> </td> <td align="right">174,135</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">945</td> <td> </td> <td> </td> <td> </td> <td align="right">175,080</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Later years </div></td> <td> </td> <td> </td> <td align="right">464,055</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">536,402</td> <td> </td> <td> </td> <td> </td> <td align="right">1,000,457</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">No stated maturity </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">936,000</td> <td> </td> <td> </td> <td> </td> <td align="right">936,000</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Subtotal </div></td> <td> </td> <td> </td> <td align="right">2,642,800</td> <td> </td> <td> </td> <td> </td> <td align="right">290,302</td> <td> </td> <td> </td> <td> </td> <td align="right">4,279,783</td> <td> </td> <td> </td> <td> </td> <td align="right">7,212,885</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Less: Discount </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(485,128</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(485,128</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total borrowings </div></td> <td> </td> <td align="left">$</td> <td align="right">2,642,800</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">290,302</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,794,655</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,727,757</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 17 — Trust Preferred Securities:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011, December 31, 2010 and March 31, 2010, four statutory trusts established by the Corporation (BanPonce Trust I, Popular Capital Trust I, Popular North America Capital Trust I and Popular Capital Trust II) had issued trust preferred securities (also referred to as “capital securities”) to the public. The proceeds from such issuances, together with the proceeds of the related issuances of common securities of the trusts (the “common securities”), were used by the trusts to purchase junior subordinated deferrable interest debentures (the “junior subordinated debentures”) issued by the Corporation. In August 2009, the Corporation established the Popular Capital Trust III for the purpose of exchanging the shares of Series C preferred stock held by the U.S. Treasury at the time for trust preferred securities issued by this trust. In connection with this exchange, the trust used the Series C preferred stock, together with the proceeds of issuance and sale of common securities of the trust, to purchase junior subordinated debentures issued by the Corporation. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The sole assets of the five trusts consisted of the junior subordinated debentures of the Corporation and the related accrued interest receivable. These trusts are not consolidated by the Corporation pursuant to accounting principles generally accepted in the United States of America. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The junior subordinated debentures are included by the Corporation as notes payable in the consolidated statements of condition, while the common securities issued by the issuer trusts are included as other investment securities. The common securities of each trust are wholly-owned, or indirectly wholly-owned, by the Corporation. </div>   </div>  <div style="font-family: 'Helvetica',Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents financial data pertaining to the different trusts at March 31, 2011, December 31, 2010 and March 31, 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="30%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="10%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" colspan="21" style="border-bottom: 1px solid #000000">(Dollars in thousands)</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">North America</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000">Issuer</td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">BanPonce Trust I</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">Capital Trust I</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">Capital Trust I</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">Capital Trust II</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">Popular Capital Trust III</td> <td style="border-bottom: 1px solid #000000"> </td> </tr>   <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Capital securities </div></td> <td> </td> <td align="left">$</td> <td align="right">52,865</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">181,063</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">91,651</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">101,023</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">935,000</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Distribution rate </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">8.327</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">6.700</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">6.564</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">6.125</td> <td nowrap="nowrap">%</td> <td> </td> <td> </td> <td colspan="0" align="right">5.000% until, but excluding December 5, 2013 and 9.000% thereafter</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Common securities </div></td> <td> </td> <td align="left">$</td> <td align="right">1,637</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,601</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,835</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,125</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,000</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Junior subordinated debentures aggregate liquidation amount </div></td> <td> </td> <td align="left">$</td> <td align="right">54,502</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">186,664</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">94,486</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">104,148</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">936,000</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Stated maturity date </div></td> <td> </td> <td> </td> <td colspan="0" align="center" nowrap="nowrap">February 2027</td> <td> </td> <td> </td> <td> </td> <td colspan="0" align="center" nowrap="nowrap">November 2033</td> <td> </td> <td> </td> <td> </td> <td colspan="0" align="center" nowrap="nowrap">September 2034</td> <td> </td> <td> </td> <td> </td> <td colspan="0" align="center" nowrap="nowrap">December 2034</td> <td> </td> <td> </td> <td colspan="2" align="center" nowrap="nowrap">Perpetual</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Reference notes </div></td> <td> </td> <td> </td> <td align="right">[a],[c],[f]</td> <td> </td> <td> </td> <td> </td> <td align="right">[b],[d],[e]</td> <td> </td> <td> </td> <td> </td> <td align="right">[a],[c],[e]</td> <td> </td> <td> </td> <td> </td> <td align="right">[b],[d],[e]</td> <td> </td> <td> </td> <td> </td> <td align="right">[b],[d],[g],[h]</td> <td> </td> </tr>  </table> </div> <div style="font-size: 3pt; margin-top: 16pt; width: 100%; border-top: 1px solid #000000; margin-top: 2pt">  </div> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="2%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">[a]</td> <td> </td> <td> Statutory business trust that is wholly-owned by Popular North America (“PNA”) and indirectly wholly-owned by the Corporation.</td> </tr> </table> <div style="margin-top: 0pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="2%" nowrap="nowrap" align="left">[b] </td> <td width="1%"> </td> <td> Statutory business trust that is wholly-owned by the Corporation.</td> </tr> <tr> <td style="font-size: 0pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="2%" nowrap="nowrap" align="left">[c] </td> <td width="1%"> </td> <td> The obligations of PNA under the junior subordinated debentures and its guarantees of the capital securities under the trust are fully and unconditionally guaranteed on a subordinated basis by the Corporation to the extent set forth in the applicable guarantee agreement.</td> </tr> <tr> <td style="font-size: 0pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="2%" nowrap="nowrap" align="left">[d] </td> <td width="1%"> </td> <td> These capital securities are fully and unconditionally guaranteed on a subordinated basis by the Corporation to the extent set forth in the applicable guarantee agreement.</td> </tr> <tr> <td style="font-size: 0pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="2%" nowrap="nowrap" align="left">[e] </td> <td width="1%"> </td> <td> The Corporation has the right, subject to any required prior approval from the Federal Reserve, to redeem after certain dates or upon the occurrence of certain events mentioned below, the junior subordinated debentures at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest to the date of redemption. The maturity of the junior subordinated debentures may be shortened at the option of the Corporation prior to their stated maturity dates (i) on or after the stated optional redemption dates stipulated in the agreements, in whole at any time or in part from time to time, or (ii) in whole, but not in part, at any time within 90 days following the occurrence and during the continuation of a tax event, an investment company event or a capital treatment event as set forth in the indentures relating to the capital securities, in each case subject to regulatory approval.</td> </tr> <tr> <td style="font-size: 0pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="2%" nowrap="nowrap" align="left">[f] </td> <td width="1%"> </td> <td> Same as [e] above, except that the investment company event does not apply for early redemption.</td> </tr> <tr> <td style="font-size: 0pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="2%" nowrap="nowrap" align="left">[g] </td> <td width="1%"> </td> <td> The debentures are perpetual and may be redeemed by Popular at any time, subject to the consent of the Board of Governors of the Federal Reserve System.</td> </tr> <tr> <td style="font-size: 0pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="2%" nowrap="nowrap" align="left">[h] </td> <td width="1%"> </td> <td> Carrying value of junior subordinates debentures of $451 million at March 31, 2011 ($936 million aggregate liquidation amount, net of $485 million discount) and $445 million at December 31, 2010 ($936 million aggregate liquidation amount, net of $491 million discount) and $429 million at March 31, 2010 ($936 million aggregate liquidation amount, net of $507 million discount).</td> </tr> </table> </div> <div align="center" style="border-bottom: 1px solid #000000; font-size: 1pt">  </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In accordance with the Federal Reserve Board guidance, the trust preferred securities represent restricted core capital elements and qualify as Tier 1 capital, subject to certain quantitative limits. The aggregate amount of restricted core capital elements that may be included in the Tier 1 capital of a banking organization must not exceed 25% of the sum of all core capital elements (including cumulative perpetual preferred stock and trust preferred securities). At March 31, 2011 and December 31, 2010, the Corporation’s restricted core capital elements did not exceed the 25% limitation. Thus, all trust preferred securities were allowed as Tier 1 capital. At March 31, 2010, the Corporation’s restricted core capital elements exceeded the 25% limitation and, as such, $40 million of the outstanding trust preferred securities were disallowed as Tier 1 capital. Amounts of restricted core capital elements in excess of this limit generally may be included in Tier 2 capital, subject to further limitations. Effective March 31, 2011, the Federal Reserve Board revised the quantitative limit which would limit restricted core capital elements included in the Tier 1 capital of a bank holding company to 25% of the sum of core capital elements (including restricted core capital elements), net of goodwill less any associated deferred tax liability. Furthermore, the Dodd-Frank Act, enacted in July 2010, has a provision to effectively phase out the use of trust preferred securities issued before May 19, 2010 as Tier 1 capital over a 3-year period commencing on January 1, 2013. Trust preferred securities issued on or after May 19, 2010 no longer qualify as Tier 1 capital. At March 31, 2011, the Corporation had $427 million in trust preferred securities (capital securities) that are subject to the phase-out. The Corporation has not issued any trust preferred securities since May 19, 2010. At March 31, 2011, the remaining trust preferred securities corresponded to capital securities issued to the U.S. Treasury pursuant to the Emergency Economic Stabilization Act of 2008. The Dodd-Frank Act includes an exemption from the phase-out provision that applies to these capital securities. </div>   </div>  <div style="font-family: 'Helvetica',Arial,sans-serif"> <div align="left"> </div> </div>

<div style="font-family: 'Helvetica',Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 18 — Stockholders’ Equity:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><i>BPPR statutory reserve</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Banking Act of the Commonwealth of Puerto Rico requires that a minimum of 10% of BPPR’s net income for the year be transferred to a statutory reserve account until such statutory reserve equals the total of paid-in capital on common and preferred stock. Any losses incurred by a bank must first be charged to retained earnings and then to the reserve fund. Amounts credited to the reserve fund may not be used to pay dividends without the prior consent of the Puerto Rico Commissioner of Financial Institutions. The failure to maintain sufficient statutory reserves would preclude BPPR from paying dividends. BPPR’s statutory reserve fund totaled $402 million at March 31, 2011 (December 31, 2010 — $402 million; March 31, 2010 — $402 million). There were no transfers between the statutory reserve account and the retained earnings account during the quarters ended March 31, 2011 and March 31, 2010. </div> <div align="left"> </div> </div>

<div style="font-family: 'Helvetica',Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 19 — Guarantees:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011, the Corporation recorded a liability of $0.6 million (December 31, 2010 — $0.5 million and March 31, 2010 — $0.7 million), which represents the unamortized balance of the obligations undertaken in issuing the guarantees under the standby letters of credit. Management does not anticipate any material losses related to these instruments. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Also, the Corporation securitized mortgage loans into guaranteed mortgage-backed securities subject to limited, and in certain instances, lifetime credit recourse on the loans that serve as collateral for the mortgage-backed securities. Also, from time to time, the Corporation may sell, in bulk sale transactions, residential mortgage loans and SBA commercial loans subject to credit recourse or to certain representations and warranties from the Corporation to the purchaser. These representations and warranties may relate, for example, to borrower creditworthiness, loan documentation, collateral, prepayment and early payment defaults. The Corporation may be required to repurchase the loans under the credit recourse agreements or representation and warranties. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011, the Corporation serviced $3.8 billion (December 31, 2010 — $4.0 billion; March 31, 2010 — $4.3 billion) in residential mortgage loans subject to credit recourse provisions, principally loans associated with FNMA and FHLMC residential mortgage loan securitization programs. In the event of any customer default, pursuant to the credit recourse provided, the Corporation is required to repurchase the loan or reimburse the third party investor for the incurred loss. The maximum potential amount of future payments that the Corporation would be required to make under the recourse arrangements in the event of nonperformance by the borrowers is equivalent to the total outstanding balance of the residential mortgage loans serviced with recourse and interest, if applicable. During the quarter ended March 31, 2011, the Corporation repurchased approximately $63 million of unpaid principal balance in mortgage loans subject to the credit recourse provisions (March 31, 2010 — $18 million). In the event of nonperformance by the borrower, the Corporation has rights to the underlying collateral securing the mortgage loan. The Corporation suffers losses on these loans when the proceeds from a foreclosure sale of the property underlying a defaulted mortgage loan are less than the outstanding principal balance of the loan plus any uncollected interest advanced and the costs of holding and disposing the related property. At March 31, 2011, the Corporation’s liability established to cover the estimated credit loss exposure related to loans sold or serviced with credit recourse amounted to $55 million (December 31, 2010 — $54 million; March 31, 2010 — $29 million). </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the changes in the Corporation’s liability of estimated losses from these credit recourses agreements, included in the consolidated statements of condition for the quarters ended March 31, 2011 and 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended March 31,</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(in thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance as of beginning of period </div></td> <td> </td> <td align="left">$</td> <td align="right">53,729</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">15,584</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for recourse liability </div></td> <td> </td> <td> </td> <td align="right">9,765</td> <td> </td> <td> </td> <td> </td> <td align="right">15,701</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net charge-offs / terminations </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8,176</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,244</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance as of end of period </div></td> <td> </td> <td align="left">$</td> <td align="right">55,318</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">29,041</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The probable losses to be absorbed under the credit recourse arrangements are recorded as a liability when the loans are sold and are updated by accruing or reversing expense (categorized in the line item “adjustments (expense) to indemnity reserves on loans sold” in the consolidated statements of operations) throughout the life of the loan, as necessary, when additional relevant information becomes available. The methodology used to estimate the recourse liability is a function of the recourse arrangements given and considers a variety of factors, which include actual defaults and historical loss experience, foreclosure rate, estimated future defaults and the probability that a loan would be delinquent. Statistical methods are used to estimate the recourse liability. </div>   </div>  <div style="font-family: 'Helvetica',Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">Expected loss rates are applied to different loan segmentations. The expected loss, which represents the amount expected to be lost on a given loan, considers the probability of default and loss severity. The probability of default represents the probability that a loan in good standing would become 90 days delinquent within the following twelve-month period. Regression analysis quantifies the relationship between the default event and loan-specific characteristics, including credit scores, loan-to-value rates and loan aging, among others. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">When the Corporation sells or securitizes mortgage loans, it generally makes customary representations and warranties regarding the characteristics of the loans sold. The Corporation’s mortgage operations in Puerto Rico group conforming mortgage loans into pools which are exchanged for FNMA and GNMA mortgage-backed securities, which are generally sold to private investors, or may sell the loans directly to FNMA or other private investors for cash. To the extent the loans do not meet specified characteristics, the Corporation may be required to repurchase such loans or indemnify for losses. As required under the government agency programs, quality review procedures are performed by the Corporation to ensure that asset guideline qualifications are met. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation has not recorded any specific contingent liability in the consolidated statements of condition for these customary representation and warranties related to loans sold by the Corporation’s mortgage operations in Puerto Rico, and management believes that, based on historical data, the probability of payments and expected losses under these representations and warranty arrangements is not significant. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Servicing agreements relating to the mortgage-backed securities programs of FNMA and GNMA, and to mortgage loans sold or serviced to certain other investors, including FHLMC, require the Corporation to advance funds to make scheduled payments of principal, interest, taxes and insurance, if such payments have not been received from the borrowers. At March 31, 2011, the Corporation serviced $18.0 billion in mortgage loans, including the loans serviced with credit recourse (December 31, 2010 — $18.4 billion; March 31, 2010 — $17.6 billion). The Corporation generally recovers funds advanced pursuant to these arrangements from the mortgage owner, from liquidation proceeds when the mortgage loan is foreclosed or, in the case of FHA/VA loans, under the applicable FHA and VA insurance and guarantee programs. However, in the meantime, the Corporation must absorb the cost of the funds it advances during the time the advance is outstanding. The Corporation must also bear the costs of attempting to collect on delinquent and defaulted mortgage loans. In addition, if a defaulted loan is not cured, the mortgage loan would be canceled as part of the foreclosure proceedings and the Corporation would not receive any future servicing income with respect to that loan. At March 31, 2011, the outstanding balance of funds advanced by the Corporation under such mortgage loan servicing agreements was approximately $28 million (December 31, 2010 — $24 million; March 31, 2010 — $21 million). To the extent the mortgage loans underlying the Corporation’s servicing portfolio experience increased delinquencies, the Corporation would be required to dedicate additional cash resources to comply with its obligation to advance funds as well as incur additional administrative costs related to increases in collection efforts. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011, the Corporation has reserves for customary representation and warranties related to loans sold by its U.S. subsidiary E-LOAN prior to 2009. Loans had been sold to investors on a servicing released basis subject to certain representations and warranties. Although the risk of loss or default was generally assumed by the investors, the Corporation made certain representations relating to borrower creditworthiness, loan documentation and collateral, which if not correct, may result in requiring the Corporation to repurchase the loans or indemnify investors for any related losses associated to these loans. At March 31, 2011, the Corporation’s reserve for estimated losses from such representation and warranty arrangements amounted to $31 million, which was included as part of other liabilities in the consolidated statement of condition (December 31, 2010 — $31 million; March 31, 2010 — $32 million). E-LOAN is no longer originating and selling loans since the subsidiary ceased these activities in 2008. On a quarterly basis, the Corporation reassesses its estimate for expected losses associated to E-LOAN’s customary representation and warranty arrangements. The analysis incorporates expectations on future disbursements based on quarterly repurchases and make-whole events. The analysis also considers factors such as the average length-time between the loan’s funding date and the loan repurchase date, as observed in the historical loan data. Make-whole events are typically defaulted cases in which the investor attempts to recover by collateral or guarantees, and the seller is obligated to cover any impaired or unrecovered portion of the loan. Claims have been predominantly for first mortgage agency loans and principally consist of underwriting errors related to undisclosed debt or missing documentation. The following table presents the changes in the Corporation’s liability for estimated losses associated with customary representations and warranties related to loans sold by E-LOAN, included in the consolidated statement of condition for the quarters ended March 31, 2011 and 2010. </div>   </div>  <div style="font-family: 'Helvetica',Arial,sans-serif"> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended March 31,</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(in thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance as of beginning of period </div></td> <td> </td> <td align="left">$</td> <td align="right">30,659</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">33,294</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for representation and warranties </div></td> <td> </td> <td> </td> <td align="right">83</td> <td> </td> <td> </td> <td> </td> <td align="right">1,233</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net charge-offs / terminations </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(54</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,590</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance as of end of period </div></td> <td> </td> <td align="left">$</td> <td align="right">30,688</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">31,937</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">During 2008, the Corporation provided indemnifications for the breach of certain representations or warranties in connection with certain sales of assets by the discontinued operations of Popular Financial Holdings (“PFH”). The sales were on a non-credit recourse basis. At March 31, 2011, the agreements primarily include indemnification for breaches of certain key representations and warranties, some of which expire within a definite time period; others survive until the expiration of the applicable statute of limitations, and others do not expire. Certain of the indemnifications are subject to a cap or maximum aggregate liability defined as a percentage of the purchase price. The indemnification agreements outstanding at March 31, 2011 are related principally to make-whole arrangements. At March 31, 2011, the Corporation’s reserve related to PFH’s indemnity arrangements amounted to $4 million (December 31, 2010 — $8 million; March 31, 2010 - $10 million), and is included as other liabilities in the consolidated statement of condition. The reserve balance at March 31, 2011 contemplates historical indemnity payments. Certain indemnification provisions, which included, for example, reimbursement of premiums on early loan payoffs and repurchase obligation for defaulted loans within a short-term timeframe, expired during 2009. Popular, Inc. Holding Company and Popular North America have agreed to guarantee certain obligations of PFH with respect to the indemnification obligations. The following table presents the changes in the Corporation’s liability for estimated losses associated to loans sold by the discontinued operations of PFH, included in the consolidated statement of condition for the quarters ended March 31, 2011 and 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended March 31,</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(in thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance as of beginning of period </div></td> <td> </td> <td align="left">$</td> <td align="right">8,058</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,405</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for representation and warranties </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">678</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net charge-offs / terminations </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(457</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other — settlements paid </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,797</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance as of end of period </div></td> <td> </td> <td align="left">$</td> <td align="right">4,261</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,626</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Popular, Inc. Holding Company (“PIHC”) fully and unconditionally guarantees certain borrowing obligations issued by certain of its wholly-owned consolidated subsidiaries totaling $0.7 billion at March 31, 2011 (December 31, 2010 and March 31, 2010 — $0.6 billion). In addition, at March 31, 2011, December 31, 2010 and March 31, 2010, PIHC fully and unconditionally guaranteed on a subordinated basis $1.4 billion of capital securities (trust preferred securities) issued by wholly-owned issuing trust entities to the extent set forth in the applicable guarantee agreement. Refer to Note 17 to the consolidated financial statements for further information on the trust preferred securities. </div> <div align="left"> </div> </div>

<div style="font-family: 'Helvetica',Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 20 — Commitments and Contingencies:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Off-balance sheet risk</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation is a party to financial instruments with off-balance sheet credit risk in the normal course of business to meet the financial needs of its customers. These financial instruments include loan commitments, letters of credit, and standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated statements of condition. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit, standby letters of credit and financial guarantees written is represented by the contractual notional amounts of those instruments. The Corporation uses the same credit policies in making these commitments and conditional obligations as it does for those reflected on the consolidated statements of condition. </div>   </div>  <div style="font-family: 'Helvetica',Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">Financial instruments with off-balance sheet credit risk, whose contract amounts represent potential credit risk, were as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31, 2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commitments to extend credit: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Credit card lines </div></td> <td> </td> <td align="left">$</td> <td align="right">3,864,026</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,583,430</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,718,806</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Commercial lines of credit </div></td> <td> </td> <td> </td> <td align="right">2,471,756</td> <td> </td> <td> </td> <td> </td> <td align="right">1,920,056</td> <td> </td> <td> </td> <td> </td> <td align="right">2,620,728</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other unused credit commitments </div></td> <td> </td> <td> </td> <td align="right">373,832</td> <td> </td> <td> </td> <td> </td> <td align="right">375,565</td> <td> </td> <td> </td> <td> </td> <td align="right">404,558</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial letters of credit </div></td> <td> </td> <td> </td> <td align="right">13,297</td> <td> </td> <td> </td> <td> </td> <td align="right">12,532</td> <td> </td> <td> </td> <td> </td> <td align="right">18,439</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Standby letters of credit </div></td> <td> </td> <td> </td> <td align="right">133,178</td> <td> </td> <td> </td> <td> </td> <td align="right">140,064</td> <td> </td> <td> </td> <td> </td> <td align="right">124,333</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commitments to originate mortgage loans </div></td> <td> </td> <td> </td> <td align="right">40,002</td> <td> </td> <td> </td> <td> </td> <td align="right">47,493</td> <td> </td> <td> </td> <td> </td> <td align="right">43,350</td> <td> </td> </tr>  </table> </div> <div align="center" style="border-bottom: 1px solid #000000; font-size: 1pt">  </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011, the Corporation maintained a reserve of approximately $17 million for potential losses associated with unfunded loan commitments related to commercial and consumer lines of credit (December 31, 2010 — $21 million; March 31, 2010 — $10 million), including $4 million of the unamortized balance of the contingent liability on unfunded loan commitments recorded with the Westernbank FDIC-assisted transaction (December 31, 2010 — $6 million). </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Other commitments</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011, December 31, 2010, and March 31, 2010, the Corporation also maintained other non-credit commitments for $10 million, primarily for the acquisition of other investments. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Business concentration</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Since the Corporation’s business activities are currently concentrated primarily in Puerto Rico, its results of operations and financial condition are dependent upon the general trends of the Puerto Rico economy and, in particular, the residential and commercial real estate markets. The concentration of the Corporation’s operations in Puerto Rico exposes it to greater risk than other banking companies with a wider geographic base. Its asset and revenue composition by geographical area is presented in Note 30 to the consolidated financial statements. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation’s loan portfolio is diversified by loan category. However, approximately $12.2 billion, or 59% of the Corporation’s loan portfolio not covered under the FDIC loss sharing agreements, excluding loans held-for-sale, at March 31, 2011, consisted of real estate-related loans, including residential mortgage loans, construction loans and commercial loans secured by commercial real estate (December 31, 2010 — $12.0 billion, or 58%). </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Except for the Corporation’s exposure to the Puerto Rico Government sector, no individual or single group of related accounts is considered material in relation to our total assets or deposits, or in relation to our overall business. At March 31, 2011, the Corporation had approximately $1.4 billion of credit facilities granted to or guaranteed by the Puerto Rico Government, its municipalities and public corporations, of which $215 million were uncommitted lines of credit (December 31, 2010 - $1.4 billion and $199 million, respectively; March 31, 2010 — $1.1 billion and $215 million, respectively). Of the total credit facilities granted, $1.1 billion was outstanding at March 31, 2011 (December 31, 2010 — $1.1 billion; March 31, 2010 — $841 million). Furthermore, at March 31, 2011, the Corporation had $143 million in obligations issued or guaranteed by the Puerto Rico Government, its municipalities and public corporations as part of its investment securities portfolio (December 31, 2010 — $145 million; March 31, 2010 — $260 million). </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Other contingencies</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">As indicated in Note 11 to the consolidated financial statements, as part of the loss sharing agreements related to the Westernbank FDIC-assisted transaction, the Corporation agreed to make a true-up payment to the FDIC on the date that is 45 days following the last day of the final shared loss month, or upon the final disposition of all covered assets under the loss sharing agreements in the event losses on the loss sharing agreements fail to reach expected levels. The true up-payment was estimated at $169 million and is considered as part of the carrying value of the FDIC loss share indemnification asset at March 31, 2011 and December 31, 2010. </div>   </div>  <div style="font-family: 'Helvetica',Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Legal Proceedings</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The nature of Popular’s business ordinarily results in a certain number of claims, litigation, investigations, and legal and administrative cases and proceedings. When the Corporation determines it has meritorious defenses to the claims asserted, it vigorously defends itself. The Corporation will consider the settlement of cases (including cases where it has meritorious defenses) when, in management’s judgment, it is in the best interests of both the Corporation and its shareholders to do so. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">On at least a quarterly basis, Popular assesses its liabilities and contingencies in connection with outstanding legal proceedings utilizing the latest information available. For matters where it is probable that the Corporation will incur a loss and the amount can be reasonably estimated, the Corporation establishes an accrual for the loss. Once established, the accrual is adjusted on at least a quarterly basis as appropriate to reflect any relevant developments. For matters where a loss is not probable or the amount of the loss cannot be estimated, no accrual is established. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In certain cases, exposure to loss exists in excess of the accrual to the extent such loss is reasonably possible, but not probable. Management believes an estimate of the aggregate range of reasonably possible losses for those matters where a range may be determined, in excess of amounts accrued, for current legal proceedings is from $0 to approximately $30.0 million at March 31, 2011. For certain other cases, management cannot reasonably estimate the possible loss at this time. Any estimate involves significant judgment, given the varying stages of the proceedings (including the fact that many of them are currently in preliminary stages), the existence of multiple defendants in several of the current proceedings whose share of liability has yet to be determined, the numerous unresolved issues in many of the proceedings, and the inherent uncertainty of the various potential outcomes of such proceedings. Accordingly, management’s estimate will change from time-to-time, and actual losses may be more or less than the current estimate. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">While the final outcome of legal proceedings is inherently uncertain, based on information currently available, advice of counsel, and available insurance coverage, management believes that the amount it has already accrued is adequate and any incremental liability arising from the Corporation’s legal proceedings will not have a material adverse effect on the Corporation’s consolidated financial position as a whole. However, in the event of unexpected future developments, it is possible that the ultimate resolution of these matters, if unfavorable, may be material to the Corporation’s consolidated financial position in a particular period. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Between May 14, 2009 and September 9, 2009, five putative class actions and two derivative claims were filed in the United States District Court for the District of Puerto Rico and the Puerto Rico Court of First Instance, San Juan Part, against Popular, Inc., and certain of its directors and officers, among others. The five class actions were consolidated into two separate actions: a securities class action captioned <i>Hoff v. Popular, Inc., et al. </i>(consolidated with <i>Otero v. Popular, Inc., et al.</i>) and an Employee Retirement Income Security Act (ERISA) class action entitled <i>In re Popular, Inc. ERISA Litigation </i>(comprised of the consolidated cases of <i>Walsh v. Popular, Inc., et al.</i>; <i>Montañez v. Popular, Inc., et al.</i>; and <i>Dougan v. Popular, Inc., et al.</i>). </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">On October 19, 2009, plaintiffs in the <i>Hoff </i>case filed a consolidated class action complaint which included as defendants the underwriters in the May 2008 offering of Series B Preferred Stock, among others. The consolidated action purported to be on behalf of purchasers of Popular’s securities between January 24, 2008 and February 19, 2009 and alleged that the defendants violated Section 10(b) of the Exchange Act, and Rule 10b-5 promulgated thereunder, and Section 20(a) of the Exchange Act by issuing a series of allegedly false and/or misleading statements and/or omitting to disclose material facts necessary to make statements made by the Corporation not false and misleading. The consolidated action also alleged that the defendants violated Section 11, Section 12(a)(2) and Section 15 of the Securities Act by making allegedly untrue statements and/or omitting to disclose material facts necessary to make statements made by the Corporation not false and misleading in connection with the May 2008 offering of Series B Preferred Stock. The consolidated securities class action complaint sought class certification, an award of compensatory damages and reasonable costs and expenses, including counsel fees. On January 11, 2010, Popular, the underwriter defendants and the individual defendants moved to dismiss the consolidated securities class action complaint. On August 2, 2010, the U.S. District Court for the District of Puerto Rico granted the motion to dismiss filed by the underwriter defendants on statute of limitations grounds. The Court also dismissed the Section 11 claim brought against Popular’s directors on statute of limitations grounds and the Section 12(a)(2) claim brought against Popular because plaintiffs lacked standing. The Court declined to dismiss the claims brought against Popular and certain of its officers under Section 10(b) of the Exchange Act (and Rule 10b-5 promulgated thereunder), Section 20(a) of the Exchange Act, and Sections 11 and 15 of the Securities Act, holding that plaintiffs had adequately alleged that defendants made materially false and misleading statements with the requisite state of mind. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">On November 30, 2009, plaintiffs in the ERISA case filed a consolidated class action complaint. The consolidated complaint purported to be on behalf of employees participating in the Popular, Inc. U.S.A. 401(k) Savings and Investment Plan and the Popular, Inc. Puerto Rico Savings and Investment Plan from January 24, 2008 to the date of the Complaint to recover losses pursuant to Sections 409 and 502(a)(2) of ERISA against Popular, certain directors, officers and members of plan committees, each of whom was alleged to be a plan fiduciary. The consolidated complaint alleged that defendants breached their alleged fiduciary obligations by, among other things, failing to eliminate Popular stock as an investment alternative in the plans. The complaint sought to recover alleged losses to the plans and equitable relief, including injunctive relief and a constructive trust, along with costs and attorneys’ fees. On December 21, 2009, and in compliance with a scheduling order issued by the Court, Popular and the individual defendants submitted an answer to the amended complaint. Shortly thereafter, on December 31, 2009, Popular and the individual defendants filed a motion to dismiss the consolidated class action complaint or, in the alternative, for judgment on the pleadings. On May 5, 2010, a magistrate judge issued a report and recommendation in which he recommended that the motion to dismiss be denied except with respect to Banco Popular de Puerto Rico, as to which he recommended that the motion be granted. On May 19, 2010, Popular filed objections to the magistrate judge’s report and recommendation. On September 30, 2010, the Court issued an order without opinion granting in part and denying in part the motion to dismiss and providing that the Court would issue an opinion and order explaining its decision. No opinion was, however, issued prior to the settlement in principle discussed below. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The derivative actions (<i>García v. Carrión, et al. </i>and <i>Díaz v. Carrión, et al.</i>) were brought purportedly for the benefit of nominal defendant Popular, Inc. against certain executive officers and directors and alleged breaches of fiduciary duty, waste of assets and abuse of control in connection with our issuance of allegedly false and misleading financial statements and financial reports and the offering of the Series B Preferred Stock. The derivative complaints sought a judgment that the action was a proper derivative action, an award of damages, restitution, costs and disbursements, including reasonable attorneys’ fees, costs and expenses. On October 9, 2009, the Court coordinated for purposes of discovery the <i>García </i>action and the consolidated securities class action. On October 15, 2009, Popular and the individual defendants moved to dismiss the <i>García </i>complaint for failure to make a demand on the Board of Directors prior to initiating litigation. On November 20, 2009, plaintiffs filed an amended complaint, and on December 21, 2009, Popular and the individual defendants moved to dismiss the <i>García</i> amended complaint. At a scheduling conference held on January 14, 2010, the Court stayed discovery in both the <i>Hoff </i>and <i>García </i>matters pending resolution of their respective motions to dismiss. On August 11, 2010, the Court granted in part and denied in part the motion to dismiss the <i>Garcia</i> action. The Court dismissed the gross mismanagement and corporate waste claims, but declined to dismiss the breach of fiduciary duty claim. The <i>Díaz </i>case, filed in the Puerto Rico Court of First Instance, San Juan, was removed to the U.S. District Court for the District of Puerto Rico. On October 13, 2009, Popular and the individual defendants moved to consolidate the <i>García </i>and <i>Díaz </i>actions. On October 26, 2009, plaintiff moved to remand the <i>Diaz</i> case to the Puerto Rico Court of First Instance and to stay defendants’ consolidation motion pending the outcome of the remand proceedings. On September 30, 2010, the Court issued an order without opinion remanding the <i>Diaz </i>case to the Puerto Rico Court of First Instance. On October 13, 2010, the Court issued a Statement of Reasons In Support of Remand Order. On October 28, 2010, Popular and the individual defendants moved for reconsideration of the remand order. The court denied Popular’s request for reconsideration shortly thereafter. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">On April 13, 2010, the Puerto Rico Court of First Instance in San Juan granted summary judgment dismissing a separate complaint brought by plaintiff in the <i>García </i>action that sought to enforce an alleged right to inspect the books and records of the Corporation in support of the pending derivative action. The Court held that plaintiff had not propounded a “proper purpose” under Puerto Rico law for such inspection. On April 28, 2010, plaintiff in that action moved for reconsideration of the Court’s dismissal. On May 4, 2010, the Court denied plaintiff’s request for reconsideration. On June 7, 2010, plaintiff filed an appeal before the Puerto Rico Court of Appeals. On June 11, 2010, Popular and the individual defendants moved to dismiss the appeal. On June 22, 2010, the Court of Appeals dismissed the appeal. On July 6, 2010, plaintiff moved for reconsideration of the Court’s dismissal. On July 16, 2010, the Court of Appeals denied plaintiff’s request for reconsideration. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At the Court’s request, the parties to the <i>Hoff </i>and <i>García </i>cases discussed the prospect of mediation and agreed to nonbinding mediation in an attempt to determine whether the cases could be settled. On January 18 and 19, 2011, the parties to the <i>Hoff </i>and <i>García </i>cases engaged in nonbinding mediation before the Honorable Nicholas Politan. As a result of the mediation, the Corporation and the other named defendants to the <i>Hoff </i>matter entered into a memorandum of understanding to settle this matter. Under the terms of the memorandum of understanding, subject to certain customary conditions including court approval of a final settlement agreement in consideration for the full settlement and release of all defendants, the amount of $37.5 million will be paid by or on behalf of defendants (of which management expects approximately $30 million will be covered by insurance). The parties intend to file a stipulation of settlement and a joint motion for preliminary approval within the next few weeks. The Corporation recognized a charge, net of the amount expected to be covered by insurance, of $7.5 million in December 2010 to cover the uninsured portion of the settlement. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In addition, the Corporation is aware that a suit asserting similar claims on behalf of certain individual shareholders under the federal securities laws was filed on January 18, 2011. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">A separate memorandum of understanding was subsequently entered by the parties to the <i>García </i>and <i>Diaz </i>actions in April 2011. Under the terms of this memorandum of understanding, subject to certain customary conditions, including court approval of a final settlement agreement, and in consideration for the full and final settlement and release of all defendants, Popular has agreed, for a period of three years, to maintain or implement certain corporate governance practices, measures and policies, as set forth in the memorandum of understanding. Aside from the payment by or on behalf of Popular of approximately $2.1 million of attorneys’ fees and expenses of counsel for the plaintiffs (of which management expects $1.6 million will be covered by insurance), the settlement does not require any cash payments by or on behalf of Popular or the defendants. The parties intend to file a joint request to approve the settlement within the next few weeks. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Prior to the <i>Hoff </i>and derivative action mediation, the parties to the ERISA class action entered into a separate memorandum of understanding to settle that action. Under the terms of the ERISA memorandum of understanding, subject to certain customary conditions including court approval of a final settlement agreement and in consideration for the full settlement and release of all defendants, the amount of $8.2 million will be paid by or on behalf of the defendants (all of which management expects will be covered by insurance). The parties filed a joint request to approve the settlement on April 13, 2011. On April 29, 2011, the court entered an order scheduling a hearing for May 27, 2011, regarding preliminary approval of the proposed settlement in the ERISA class action. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Popular does not expect to record any material gain or loss as a result of the settlements. Popular has made no admission of liability in connection with these settlements. </div>   </div>  <div style="font-family: 'Helvetica',Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">At this point, the settlement agreements are not final and are subject to a number of future events, including approval of the settlements by the relevant courts. There can be no assurances that the settlements will be finalized or as to the timing of the payments described above. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"> In addition to the foregoing, Banco Popular is a defendant in two lawsuits arising from its consumer banking and trust-related activities. On October 7, 2010, a putative class action for breach of contract and damages captioned <i>Almeyda-Santiago v. Banco Popular de Puerto Rico</i>, was filed in the Puerto Rico Court of First Instance against Banco Popular de Puerto Rico. The complaint essentially asserts that plaintiff has suffered damages because of Banco Popular’s allegedly fraudulent overdraft fee practices in connection with debit card transactions. Such practices allegedly consist of: (a) the reorganization of electronic debit transactions in high-to-low order so as to multiply the number of overdraft fees assessed on its customers; (b) the assessment of overdraft fees even when clients have not overdrawn their accounts; (c) the failure to disclose, or to adequately disclose, its overdraft policy to its customers; and (d) the provision of false and fraudulent information regarding its clients’ account balances at point of sale transactions and on its website. Plaintiff seeks damages, restitution and provisional remedies against Banco Popular for breach of contract, abuse of trust, illegal conversion and unjust enrichment. On January 13, 2011, Banco Popular submitted a motion to dismiss the complaint. Plaintiff’s opposition thereto is due on May 31, 2011. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">On December 13, 2010, Popular was served with a class action complaint captioned <i>García Lamadrid, et al. v. Banco Popular, et al. </i>which was filed in the Puerto Rico Court of First Instance. The complaint generally seeks damages against Banco Popular de Puerto Rico, other defendants and their respective insurance companies for their alleged breach of certain fiduciary duties, breach of contract, and alleged violations of local tort law. Plaintiffs seek in excess of $600 million in damages, plus costs and attorneys fees. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">More specifically, plaintiffs — Guillermo García Lamadrid and Benito del Cueto Figueras — are suing Defendant BPPR for the losses they (and others) experienced through their investment in the RG Financial Corporation-backed Conservation Trust Fund securities. Plaintiffs essentially claim that Banco Popular allegedly breached its fiduciary duties to them by failing to keep all relevant parties informed of any developments that could affect the Conservation Trust notes or that could become an event of default under the relevant trust agreements; and that in so doing, it acted imprudently, unreasonably and grossly negligently. Popular submitted a motion to dismiss on February 28, 2011. Plaintiffs submitted an opposition thereto on April 15, 2011. </div> <div align="left"> </div> </div>

<div style="font-family: 'Helvetica',Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 21 — Non-consolidated Variable Interest Entities:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation is involved with four statutory trusts which it established to issue trust preferred securities to the public. Also, it established Popular Capital Trust III for the purpose of exchanging Series C preferred stock shares held by the U.S. Treasury for trust preferred securities issued by this trust. These trusts are deemed to be VIEs since the equity investors at risk have no substantial decision-making rights. The Corporation does not have a significant variable interest in these trusts. Neither the residual interest held, since it was never funded in cash, nor the loan payable to the trusts is considered a variable interest since they create variability. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Also, it is involved with various special purpose entities mainly in guaranteed mortgage securitization transactions, including GNMA and FNMA. These special purpose entities are deemed to be VIEs since they lack equity investments at risk. The Corporation’s continuing involvement in these guaranteed loan securitizations includes owning certain beneficial interests in the form of securities as well as the servicing rights retained. The Corporation is not required to provide additional financial support to any of the variable interest entities to which it has transferred the financial assets. The mortgage-backed securities, to the extent retained, are classified in the Corporation’s consolidated statement of condition as available-for-sale or trading securities. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">ASU 2009-17 requires that an ongoing primary beneficiary assessment should be made to determine whether the Corporation is the primary beneficiary of any of the variable interest entities (“VIEs”) it is involved with. The conclusion on the assessment of these trusts and guaranteed mortgage securitization transactions has not changed since their initial evaluation. The Corporation concluded that it is still not the primary beneficiary of these VIEs, and therefore, are not required to be consolidated in the Corporation’s financial statements at March 31, 2011. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation concluded that it did not hold a controlling financial interest in these trusts since the decisions of the trust are predetermined through the trust documents and the guarantee of the trust preferred securities is irrelevant since in substance the sponsor is guaranteeing its own debt. In the case of the guaranteed mortgage securitization transactions, the Corporation concluded that, essentially, these entities (FNMA and GNMA) control the design of their respective VIEs, dictate the quality and nature of the collateral, require the underlying insurance, set the servicing standards via the servicing guides and can change them at will, and remove a primary servicer with cause, and without cause in the case of FNMA. Moreover, through their guarantee obligations, agencies (FNMA and GNMA) have the obligation to absorb losses that could be potentially significant to the VIE. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation holds variable interests in these VIEs in the form of agency mortgage-backed securities and collateralized mortgage obligations, including those securities originated by the Corporation and those acquired from third parties. Additionally, the Corporation holds agency mortgage-backed securities, agency collateralized mortgage obligations and private label collateralized mortgage obligations issued by third party VIEs in which it has no other form of continuing involvement. Refer to Note 22 to the consolidated financial statements for additional information on the debt securities outstanding at March 31, 2011, December 31, 2010 and March 31, 2010, which are classified as available-for-sale and trading securities in the Corporation’s consolidated statement of condition. In addition, the Corporation may retain the right to service the transferred loans in those government-sponsored special purpose entities (“SPEs”) and may also purchase the right to service loans in other government-sponsored SPEs that were transferred to those SPEs by a third-party. Pursuant to ASC Subtopic 810-10, the servicing fees that the Corporation receives for its servicing role are considered variable interests in the VIEs since the servicing fees are subordinated to the principal and interest that first needs to be paid to the mortgage-backed securities’ investors and to the guaranty fees that need to be paid to the federal agencies. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the carrying amount and classification of the assets related to the Corporation’s variable interests in non-consolidated VIEs and the maximum exposure to loss as a result of the Corporation’s involvement as servicer with non-consolidated VIEs at March 31, 2011, December 31, 2010 and March 31, 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31, 2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Assets</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Servicing assets: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Mortgage servicing rights </div></td> <td> </td> <td align="left">$</td> <td align="right">107,798</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">107,313</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">108,184</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total servicing assets </div></td> <td> </td> <td align="left">$</td> <td align="right">107,798</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">107,313</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">108,184</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other assets: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Servicing advances </div></td> <td> </td> <td align="left">$</td> <td align="right">3,506</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,706</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,999</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total other assets </div></td> <td> </td> <td align="left">$</td> <td align="right">3,506</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,706</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,999</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">111,304</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">110,019</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">111,183</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Maximum exposure to loss </div></td> <td> </td> <td align="left">$</td> <td align="right">111,304</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">110,019</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">111,183</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The size of the non-consolidated VIEs, in which the Corporation has a variable interest in the form of servicing fees, measured as the total unpaid principal balance of the loans, amounted to $9.4 billion at March 31, 2011 ($9.3 billion at December 31, 2010 and March 31, 2010). </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Maximum exposure to loss represents the maximum loss, under a worst case scenario, that would be incurred by the Corporation, as servicer for the VIEs, assuming all loans serviced are delinquent and that the value of the Corporation’s interests and any associated collateral declines to zero, without any consideration of recovery. The Corporation determined that the maximum exposure to loss includes the fair value of the MSRs and the assumption that the servicing advances at March 31, 2011, December 31, 2010 and March 31, 2010, will not be recovered. The agency debt securities are not included as part of the maximum exposure to loss since they are guaranteed by the related agencies. </div> <div align="left"> </div> </div>

<div style="font-family: 'Helvetica',Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 22 —Fair Value Measurement:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">ASC Subtopic 820-10 “Fair Value Measurements and Disclosures” establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels in order to increase consistency and comparability in fair value measurements and disclosures. The hierarchy is broken down into three levels based on the reliability of inputs as follows: </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" style="background: transparent"> </td> <td width="2%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td><i>Level 1 </i>- Unadjusted quoted prices in active markets for identical assets or liabilities that the Corporation has the ability to access at the measurement date. Valuation on these instruments does not necessitate a significant degree of judgment since valuations are based on quoted prices that are readily available in an active market.</td> </tr> </table> </div>   </div>  <div style="font-family: 'Helvetica',Arial,sans-serif"> <div style="margin-top: 6pt"> </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" style="background: transparent"> </td> <td width="2%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td><i>Level 2 </i>- Quoted prices other than those included in Level 1 that are observable either directly or indirectly. Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or that can be corroborated by observable market data for substantially the full term of the financial instrument.</td> </tr> </table> </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" style="background: transparent"> </td> <td width="2%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td><i>Level 3 </i>- Inputs are unobservable and significant to the fair value measurement. Unobservable inputs reflect the Corporation’s own assumptions about assumptions that market participants would use in pricing the asset or liability.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the observable inputs be used when available. Fair value is based upon quoted market prices when available. If listed prices or quotes are not available, the Corporation employs internally-developed models that primarily use market-based inputs including yield curves, interest rates, volatilities, and credit curves, among others. Valuation adjustments are limited to those necessary to ensure that the financial instrument’s fair value is adequately representative of the price that would be received or paid in the marketplace. These adjustments include amounts that reflect counterparty credit quality, the Corporation’s credit standing, constraints on liquidity and unobservable parameters that are applied consistently. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The estimated fair value may be subjective in nature and may involve uncertainties and matters of significant judgment for certain financial instruments. Changes in the underlying assumptions used in calculating fair value could significantly affect the results. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Fair Value on a Recurring Basis</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following fair value hierarchy tables present information about the Corporation’s assets and liabilities measured at fair value on a recurring basis at March 31, 2011, December 31, 2010 and March 31, 2010: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="16" style="border-bottom: 1px solid #000000">At March 31, 2011</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In millions)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 3</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Assets</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities available-for-sale: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Treasury securities </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">38</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">38</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of U.S. Government sponsored entities </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,461</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,461</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">52</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">52</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — federal agencies </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,607</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,607</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">77</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">77</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage-backed securities </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">2,406</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">2,414</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Equity securities </div></td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">28</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">28</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities available-for-sale </div></td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,674</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,686</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Trading account securities, excluding derivatives: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">22</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">22</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Residential mortgage-backed securities — federal agencies </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">567</td> <td> </td> <td> </td> <td> </td> <td align="right">21</td> <td> </td> <td> </td> <td> </td> <td align="right">588</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">18</td> <td> </td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">21</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total trading account securities </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">607</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">27</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">634</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage servicing rights </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">168</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">168</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Derivatives </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">66</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">66</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,347</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">203</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,554</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Liabilities</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Derivatives </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(67</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(67</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Equity appreciation instrument </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(68</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(68</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="16" style="border-bottom: 1px solid #000000">At December 31, 2010</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In millions)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 3</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Assets</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities available-for-sale: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Treasury securities </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">38</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">38</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of U.S. Government sponsored entities </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,211</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,211</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">53</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">53</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — federal agencies </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,238</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,238</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">85</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">85</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage-backed securities </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">2,568</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">2,576</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Equity securities </div></td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> <td> </td> <td> </td> <td align="right">6</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">10</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">26</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">26</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities available-for-sale </div></td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,225</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,237</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Trading account securities, excluding derivatives: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">4</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Residential mortgage-backed securities — federal agencies </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">473</td> <td> </td> <td> </td> <td> </td> <td align="right">20</td> <td> </td> <td> </td> <td> </td> <td align="right">493</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">30</td> <td> </td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">33</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total trading account securities </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">520</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">26</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">546</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage servicing rights </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">167</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">167</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Derivatives </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">73</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">73</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,818</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">201</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,023</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Liabilities</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Derivatives </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(76</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(76</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Trading Liabilities </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(11</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(11</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Equity appreciation instrument </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(10</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(10</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(97</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(97</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="16" style="border-bottom: 1px solid #000000">At March 31, 2010</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In millions)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 3</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Assets</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities available-for-sale: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Treasury securities </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">87</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">87</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of U.S. Government sponsored entities </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,705</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,705</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">79</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">79</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — federal agencies </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,478</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,478</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations — private label </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">109</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">109</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage-backed securities </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">3,033</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">36</td> <td> </td> <td> </td> <td> </td> <td align="right">3,069</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Equity securities </div></td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities available-for-sale </div></td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,496</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">36</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,536</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Trading account securities, excluding derivatives: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Obligations of Puerto Rico, States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">4</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Residential mortgage-backed securities — federal agencies </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">163</td> <td> </td> <td> </td> <td> </td> <td align="right">197</td> <td> </td> <td> </td> <td> </td> <td align="right">360</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">12</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total trading account securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">177</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">203</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">380</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage servicing rights </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">173</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">173</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Derivatives </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">73</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">73</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,746</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">412</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,162</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Liabilities</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Derivatives </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(77</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(77</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(77</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(77</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following tables present the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the quarters ended March 31, 2011 and 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="23%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="27" style="border-bottom: 1px solid #000000">Quarter ended March 31, 2011</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Changes in</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">unrealized</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">gains</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="2">(losses)</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">included in</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">earnings/OCI</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">related to</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gains</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">assets still</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">(losses)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">held at</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">January</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">included in</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">31,</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31,</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In millions)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">1, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">earnings/OCI</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Purchases</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Sales</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Paydowns</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Assets</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities available-for-sale: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage-backed securities </div></td> <td> </td> <td align="left">$</td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities available-for-sale: </div></td> <td> </td> <td align="left">$</td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Trading account securities: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations </div></td> <td> </td> <td align="left">$</td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Residential mortgage-backed securities — agencies </div></td> <td> </td> <td> </td> <td align="right">20</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">21</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total trading account securities </div></td> <td> </td> <td align="left">$</td> <td align="right">26</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">27</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td nowrap="nowrap">[a]</td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage servicing rights </div></td> <td> </td> <td align="left">$</td> <td align="right">167</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(6</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">7</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">168</td> <td> </td> <td> </td> <td>$</td> <td align="right">(2</td> <td nowrap="nowrap">)[b]</td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">201</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(6</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">9</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">203</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(2</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="29" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left"> <div style="font-size: 3pt; margin-top: 0pt; width: 18%; border-top: 0px solid #000000">  </div> </div> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">[a]</td> <td> </td> <td> Gains (losses) are included in “Trading account profit” in the Statement of Operations.</td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">[b] </td> <td> </td> <td>Gains (losses) are included in “Other services fees” in the Statement of Operations.</td> </tr> </table> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="20%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="31" style="border-bottom: 1px solid #000000">Quarter ended March 31, 2010</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Changes in</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">unrealized</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">gains</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="2">(losses)</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">included in</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">earnings/OCI</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Gains</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">related to</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">(losses)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">assets still</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">included in</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Balance</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">held at</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">January 1,</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">earnings/</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">at March</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31,</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In millions)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">OCI</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Issuances</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Purchases</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Sales</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Paydowns</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">31, 2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Assets</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage-backed securities </div></td> <td> </td> <td align="left">$</td> <td align="right">34</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">36</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total investment securities available-for-sale </div></td> <td> </td> <td align="left">$</td> <td align="right">34</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">36</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Trading account securities: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations </div></td> <td> </td> <td align="left">$</td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Residential mortgage backed-securities — agencies </div></td> <td> </td> <td> </td> <td align="right">224</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(33</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(4</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">197</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total trading account securities </div></td> <td> </td> <td align="left">$</td> <td align="right">230</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(33</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(4</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">203</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1 </td> <td nowrap="nowrap">[a]</td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage servicing rights </div></td> <td> </td> <td align="left">$</td> <td align="right">170</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">173</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3 </td> <td nowrap="nowrap">[b]</td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">434</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">3</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">14</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(33</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(5</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">412</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left"> <div style="font-size: 3pt; margin-top: 0pt; width: 18%; border-top: 0px solid #000000">  </div> </div> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">[a]</td> <td> </td> <td> Gains (losses) are included in “Trading account profit” in the Statement of Operations.</td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">[b]</td> <td> </td> <td> Gains (losses) are included in “Other services fees” in the Statement of Operations.</td> </tr> </table> <div style="font-size: 3pt; margin-top: 6pt; width: 100%; border-top: 1px solid #000000">  </div> <div align="left" style="font-size: 10pt; margin-top: 1pt">There were no transfers in and/or out of Level 3 for financial instruments measured at fair value on a recurring basis during the quarters ended March 31, 2011 and 2010. There were no transfers in and/or out of Level 1 and Level 2 during the quarters ended March 31, 2011 and 2010. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">Gains and losses (realized and unrealized) included in earnings for the quarters ended March 31, 2011 and 2010 for Level 3 assets and liabilities included in the previous tables are reported in the consolidated statement of operations as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended March 31, 2011</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended March 31, 2010</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Changes in unrealized</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total gains</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">gains (losses) relating</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total gains (losses)</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Changes in unrealized gains</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">(losses) included</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">to assets still held at</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">included in</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">(losses) relating to assets still</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In millions)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">in earnings/OCI</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">reporting date</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">earnings/OCI</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">held at reporting date</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">OCI </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other service fees </div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(6</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(2</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">3</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Trading account profit </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(6</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(2</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Additionally, in accordance with generally accepted accounting principles, the Corporation may be required to measure certain assets at fair value on a nonrecurring basis in periods subsequent to their initial recognition. The adjustments to fair value usually result from the application of lower of cost or fair value accounting, identification of impaired loans requiring specific reserves under ASC Section 310-10-35 “Accounting by Creditors for Impairment of a Loan”, or write-downs of individual assets. The following tables present financial and non-financial assets that were subject to a fair value measurement on a nonrecurring basis during the quarters ended March 31, 2011 and 2010, and which were still included in the consolidated statement of condition as of such dates. The amounts disclosed represent the aggregate fair value measurements of those assets as of the end of the reporting period. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="20" style="border-bottom: 1px solid #000000">Carrying value at March 31, 2011</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Write-</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In millions)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 3</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">downs</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loans [1] </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">19</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">19</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(3</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loans held-for-sale [2] </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">10</td> <td> </td> <td> </td> <td> </td> <td align="right">10</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other real estate owned [3] </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">13</td> <td> </td> <td> </td> <td> </td> <td align="right">13</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">42</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">42</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(8</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">[1]</td> <td> </td> <td> Relates mostly to certain impaired collateral dependent loans. The impairment was measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations, in accordance with the provisions of ASC Section 310-10-35.</td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">[2]</td> <td> </td> <td> Relates to lower of cost or fair value adjustments of loans held-for-sale and loans transferred from loans held-in-portfolio to loans held-for-sale. These adjustments were principally determined based on negotiated price terms for the loans.</td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">[3] </td> <td> </td> <td>Represents the fair value of foreclosed real estate owned that were measured at fair value.</td> </tr> </table> <div style="font-size: 3pt; margin-top: 6pt; width: 100%; border-top: 1px solid #000000">  </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="20" style="border-bottom: 1px solid #000000">Carrying value at March 31, 2010</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Write-</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In millions)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Level 3</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">downs</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loans [1] </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">372</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">372</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(156</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loans held-for-sale [2] </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">14</td> <td> </td> <td> </td> <td> </td> <td align="right">14</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(11</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other real estate owned [3] </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">25</td> <td> </td> <td> </td> <td> </td> <td align="right">25</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">411</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">411</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(171</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">[1] </td> <td> </td> <td>Relates mostly to certain impaired collateral dependent loans. The impairment was measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations, in accordance with the provisions of ASC Section 310-10-35.</td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">[2]</td> <td> </td> <td> Relates to lower of cost or fair value adjustments of loans held-for-sale and loans transferred from loans held-in-portfolio to loans held-for-sale. These adjustments were principally determined based on negotiated price terms for the loans.</td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">[3] </td> <td> </td> <td>Represents the fair value of foreclosed real estate that were measured at fair value.</td> </tr> </table> <div style="font-size: 3pt; margin-top: 6pt; width: 100%; border-top: 1px solid #000000">  </div> <div align="left" style="font-size: 10pt; margin-top: 1pt">Following is a description of the Corporation’s valuation methodologies used for assets and liabilities measured at fair value. The disclosure requirements exclude certain financial instruments and all non-financial instruments. Accordingly, the aggregate fair value amounts of the financial instruments disclosed do not represent management’s estimate of the underlying value of the Corporation. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Trading Account Securities and Investment Securities Available-for-Sale</i> </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" style="background: transparent"> </td> <td width="2%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td>U.S. Treasury securities: The fair value of U.S. Treasury securities is based on yields that are interpolated from the constant maturity treasury curve. These securities are classified as Level 2.</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" style="background: transparent"> </td> <td width="2%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td>Obligations of U.S. Government sponsored entities: The Obligations of U.S. Government sponsored entities include U.S. agency securities, which fair value is based on an active exchange market and on quoted market prices for similar securities. The U.S. agency securities are classified as Level 2.</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" style="background: transparent"> </td> <td width="2%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td>Obligations of Puerto Rico, States and political subdivisions: Obligations of Puerto Rico, States and political subdivisions include municipal bonds. The bonds are segregated and the like characteristics divided into specific sectors. Market inputs used in the evaluation process include all or some of the following: trades, bid price or spread, two sided markets, quotes, benchmark curves including but not limited to Treasury benchmarks, LIBOR and swap curves, market data feeds such as MSRB, discount and capital rates, and trustee reports. The municipal bonds are classified as Level 2.</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" style="background: transparent"> </td> <td width="2%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td>Mortgage-backed securities: Certain agency mortgage-backed securities (“MBS”) are priced based on a bond’s theoretical value from similar bonds defined by credit quality and market sector. Their fair value incorporates an option adjusted spread. The agency MBS are classified as Level 2. Other agency MBS such as GNMA Puerto Rico Serials are priced using an internally-prepared pricing matrix with quoted prices from third-party brokers dealers in Puerto Rico. These particular MBS are classified as Level 3.</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" style="background: transparent"> </td> <td width="2%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td>Collateralized mortgage obligations: Agency and private collateralized mortgage obligations (“CMOs”) are priced based on a bond’s theoretical value from similar bonds defined by credit quality and market sector and for which fair value incorporates an option adjusted spread. The option adjusted spread model includes prepayment and volatility assumptions, ratings (whole loans collateral) and spread adjustments. These CMOs are classified as Level 2. Other CMOs, due to their limited liquidity, are classified as Level 3 due to the insufficiency of inputs such as broker quotes, executed trades, credit information and cash flows.</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" style="background: transparent"> </td> <td width="2%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td>Equity securities: Equity securities with quoted market prices obtained from an active exchange market are classified as Level 1. Other equity securities that do not trade in highly liquid markets are classified as Level 2.</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" style="background: transparent"> </td> <td width="2%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td>Corporate securities, commercial paper and mutual funds (included as “other” in the “trading account securities” category): Quoted prices for these security types are obtained from broker dealers. Given that the quoted prices are for similar instruments or do not trade in highly liquid markets, these securities are classified as Level 2. The important variables in determining the prices of Puerto Rico tax-exempt mutual fund shares are net asset value, dividend yield and type of assets in the fund. All funds trade based on a relevant dividend yield taking into consideration the aforementioned variables. In addition, demand and supply also affect the price. Corporate securities that trade less frequently or are in distress are classified as Level 3.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Mortgage servicing rights</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Mortgage servicing rights (“MSRs”) do not trade in an active market with readily observable prices. MSRs are priced internally using a discounted cash flow model. The valuation model considers servicing fees, portfolio characteristics, prepayments assumptions, delinquency rates, late charges, other ancillary revenues, cost to service and other economic factors. Due to the unobservable nature of certain valuation inputs, the MSRs are classified as Level 3. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Derivatives</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Interest rate swaps, interest rate caps and indexed options are traded in over-the-counter active markets. These derivatives are indexed to an observable interest rate benchmark, such as LIBOR or equity indexes, and are priced using an income approach based on present value and option pricing models using observable inputs. Other derivatives are liquid and have quoted prices, such as forward contracts or “to be announced securities” (“TBAs”). All of these derivatives are classified as Level 2. The non-performance risk is determined using internally-developed models that consider the collateral held, the remaining term, and the creditworthiness of the entity that bears the risk, and uses available public data or internally-developed data related to current spreads that denote their probability of default. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Equity appreciation instrument</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The fair value of the equity appreciation instrument was estimated by determining a call option value using the Black-Scholes Option Pricing Model. The principal variables in determining the fair value of the equity appreciation instrument include the implied volatility determined based on the historical daily volatility of the Corporation’s common stock, the exercise price of the instrument, the price of the call option, and the risk-free rate. The equity appreciation instrument is classified as Level 2. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Loans held-in-portfolio considered impaired under ASC Section 310-10-35 that are collateral dependent</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The impairment is measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations, in accordance with the provisions of ASC Section 310-10-35. Currently, the associated loans considered impaired are classified as Level 3. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Loans measured at fair value pursuant to lower of cost or fair value adjustments</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Loans measured at fair value on a nonrecurring basis pursuant to lower of cost or fair value were priced based on bids received from potential buyers, secondary market prices, and discounted cash flow models which incorporate internally-developed assumptions for prepayments and credit loss estimates. These loans are classified as Level 3. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Other real estate owned and other foreclosed assets</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Other real estate owned includes real estate properties securing mortgage, consumer, and commercial loans. Other foreclosed assets include automobiles securing auto loans. The fair value of foreclosed assets may be determined using an external appraisal, broker price opinion or an internal valuation. These foreclosed assets are classified as Level 3 given certain internal adjustments that may be made to external appraisals. </div> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 23 — Fair Value of Financial Instruments:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The fair value of financial instruments is the amount at which an asset or obligation could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Fair value estimates are made at a specific point in time based on the type of financial instrument and relevant market information. Many of these estimates involve various assumptions and may vary significantly from amounts that could be realized in actual transactions. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The information about the estimated fair values of financial instruments presented hereunder excludes all nonfinancial instruments and certain other specific items. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">For those financial instruments with no quoted market prices available, fair values have been estimated using present value calculations or other valuation techniques, as well as management’s best judgment with respect to current economic conditions, including discount rates, estimates of future cash flows, and prepayment assumptions. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The fair values reflected herein have been determined based on the prevailing interest rate environment at March 31, 2011, December 31, 2010 and March 31, 2010, as applicable. In different interest rate environments, fair value estimates can differ significantly, especially for certain fixed rate financial instruments. In addition, the fair values presented do not attempt to estimate the value of the Corporation’s fee generating businesses and anticipated future business activities, that is, they do not represent the Corporation’s value as a going concern. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Corporation. The methods and assumptions used to estimate the fair values of significant financial instruments are described in the paragraphs below. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Short-term financial assets and liabilities have relatively short maturities, or no defined maturities, and little or no credit risk. The carrying amounts of other liabilities reported in the consolidated statements of condition approximate fair value because of the short-term maturity of those instruments or because they carry interest rates which approximate market. Included in this category are: cash and due from banks, federal funds sold and securities purchased under agreements to resell, time deposits with other banks, assets sold under agreements to repurchase and short-term borrowings. The equity appreciation instrument is included in other liabilities and is accounted for at fair value. Resell and repurchase agreements with long-term maturities are valued using discounted cash flows based on market rates currently available for agreements with similar terms and remaining maturities. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Trading and investment securities, except for investments classified as other investment securities in the consolidated statements of condition, are financial instruments that regularly trade on secondary markets. The estimated fair value of these securities was determined using either market prices or dealer quotes, where available, or quoted market prices of financial instruments with similar characteristics. Trading account securities and securities available-for-sale are reported at their respective fair values in the consolidated statements of condition since they are marked-to-market for accounting purposes. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The estimated fair value for loans held-for-sale was based on secondary market prices, bids received from potential buyers and discounted cash flow models. The fair values of the loans held-in-portfolio have been determined for groups of loans with similar characteristics. Loans were segregated by type such as commercial, construction, residential mortgage, consumer, and credit cards. Each loan category was further segmented based on loan characteristics, including interest rate terms, credit quality and vintage. Generally, fair values were estimated based on an exit price by discounting scheduled cash flows for the segmented groups of loans using a discount rate that considers interest, credit and expected return by market participant under current market conditions. Additionally, prepayment, default and recovery assumptions have been applied in the mortgage loan portfolio valuations. Generally accepted accounting principles do not require a fair valuation of the lease financing portfolio, therefore it is included in the loans total at its carrying amount. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The fair value of deposits with no stated maturity, such as non-interest bearing demand deposits, savings, NOW, and money market accounts was, for purposes of this disclosure, equal to the amount payable on demand as of the respective dates. The fair value of certificates of deposit was based on the discounted value of contractual cash flows using interest rates being offered on certificates with similar maturities. The value of these deposits in a transaction between willing parties is in part dependent of the buyer’s ability to reduce the servicing cost and the attrition that sometimes occurs. Therefore, the amount a buyer would be willing to pay for these deposits could vary significantly from the presented fair value. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Long-term borrowings were valued using discounted cash flows, based on market rates currently available for debt with similar terms and remaining maturities and in certain instances using quoted market rates for similar instruments at March 31, 2011, December 31, 2010 and March 31, 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">As part of the fair value estimation procedures of certain liabilities, including repurchase agreements (regular and structured) and FHLB advances, the Corporation considered, where applicable, the collateralization levels as part of its evaluation of non-performance risk. Also, for certificates of deposit, the non-performance risk was determined using internally-developed models that consider, where applicable, the collateral held, amounts insured, the remaining term, and the credit premium of the institution. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Derivatives are considered financial instruments and their carrying value equals fair value. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Commitments to extend credit were valued using the fees currently charged to enter into similar agreements. For those commitments where a future stream of fees is charged, the fair value was estimated by discounting the projected cash flows of fees on commitments. The fair value of letters of credit was based on fees currently charged on similar agreements. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the carrying or notional amounts, as applicable, and estimated fair values for financial instruments. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">March 31, 2011</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">December 31, 2010</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">March 31, 2010</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Carrying Amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Carrying Amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Carrying Amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair Value</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Financial Assets: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Cash and money market investments </div></td> <td> </td> <td align="left">$</td> <td align="right">1,426,120</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,426,120</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,431,668</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,431,668</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,596,928</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,596,928</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Trading securities </div></td> <td> </td> <td> </td> <td align="right">634,799</td> <td> </td> <td> </td> <td> </td> <td align="right">634,799</td> <td> </td> <td> </td> <td> </td> <td align="right">546,713</td> <td> </td> <td> </td> <td> </td> <td align="right">546,713</td> <td> </td> <td> </td> <td> </td> <td align="right">380,149</td> <td> </td> <td> </td> <td> </td> <td align="right">380,149</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities available-for-sale </div></td> <td> </td> <td> </td> <td align="right">5,686,341</td> <td> </td> <td> </td> <td> </td> <td align="right">5,686,341</td> <td> </td> <td> </td> <td> </td> <td align="right">5,236,852</td> <td> </td> <td> </td> <td> </td> <td align="right">5,236,852</td> <td> </td> <td> </td> <td> </td> <td align="right">6,535,746</td> <td> </td> <td> </td> <td> </td> <td align="right">6,535,746</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities held-to-maturity </div></td> <td> </td> <td> </td> <td align="right">142,106</td> <td> </td> <td> </td> <td> </td> <td align="right">147,816</td> <td> </td> <td> </td> <td> </td> <td align="right">122,354</td> <td> </td> <td> </td> <td> </td> <td align="right">120,873</td> <td> </td> <td> </td> <td> </td> <td align="right">209,596</td> <td> </td> <td> </td> <td> </td> <td align="right">207,850</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other investment securities </div></td> <td> </td> <td> </td> <td align="right">174,930</td> <td> </td> <td> </td> <td> </td> <td align="right">176,336</td> <td> </td> <td> </td> <td> </td> <td align="right">163,513</td> <td> </td> <td> </td> <td> </td> <td align="right">165,233</td> <td> </td> <td> </td> <td> </td> <td align="right">156,864</td> <td> </td> <td> </td> <td> </td> <td align="right">158,375</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loans held-for-sale </div></td> <td> </td> <td> </td> <td align="right">569,678</td> <td> </td> <td> </td> <td> </td> <td align="right">573,261</td> <td> </td> <td> </td> <td> </td> <td align="right">893,938</td> <td> </td> <td> </td> <td> </td> <td align="right">902,371</td> <td> </td> <td> </td> <td> </td> <td align="right">106,412</td> <td> </td> <td> </td> <td> </td> <td align="right">110,253</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loans not covered under loss sharing agreement with the FDIC </div></td> <td> </td> <td> </td> <td align="right">19,949,443</td> <td> </td> <td> </td> <td> </td> <td align="right">17,366,967</td> <td> </td> <td> </td> <td> </td> <td align="right">19,934,810</td> <td> </td> <td> </td> <td> </td> <td align="right">17,137,805</td> <td> </td> <td> </td> <td> </td> <td align="right">21,801,263</td> <td> </td> <td> </td> <td> </td> <td align="right">19,798,779</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loans covered under loss sharing agreements with the FDIC </div></td> <td> </td> <td> </td> <td align="right">4,720,391</td> <td> </td> <td> </td> <td> </td> <td align="right">4,546,937</td> <td> </td> <td> </td> <td> </td> <td align="right">4,836,882</td> <td> </td> <td> </td> <td> </td> <td align="right">4,744,680</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">FDIC loss share indemnification asset </div></td> <td> </td> <td> </td> <td align="right">2,325,618</td> <td> </td> <td> </td> <td> </td> <td align="right">2,402,915</td> <td> </td> <td> </td> <td> </td> <td align="right">2,311,997</td> <td> </td> <td> </td> <td> </td> <td align="right">2,376,936</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Financial Liabilities: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Deposits </div></td> <td> </td> <td align="left">$</td> <td align="right">27,196,674</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">27,307,249</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">26,762,200</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">26,873,408</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25,360,312</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25,491,135</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Assets sold under agreements to repurchase </div></td> <td> </td> <td> </td> <td align="right">2,642,800</td> <td> </td> <td> </td> <td> </td> <td align="right">2,769,537</td> <td> </td> <td> </td> <td> </td> <td align="right">2,412,550</td> <td> </td> <td> </td> <td> </td> <td align="right">2,503,320</td> <td> </td> <td> </td> <td> </td> <td align="right">2,491,506</td> <td> </td> <td> </td> <td> </td> <td align="right">2,618,208</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Short-term borrowings </div></td> <td> </td> <td> </td> <td align="right">290,302</td> <td> </td> <td> </td> <td> </td> <td align="right">290,302</td> <td> </td> <td> </td> <td> </td> <td align="right">364,222</td> <td> </td> <td> </td> <td> </td> <td align="right">364,222</td> <td> </td> <td> </td> <td> </td> <td align="right">23,263</td> <td> </td> <td> </td> <td> </td> <td align="right">23,263</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Notes payable </div></td> <td> </td> <td> </td> <td align="right">3,794,655</td> <td> </td> <td> </td> <td> </td> <td align="right">3,683,920</td> <td> </td> <td> </td> <td> </td> <td align="right">4,170,183</td> <td> </td> <td> </td> <td> </td> <td align="right">4,067,818</td> <td> </td> <td> </td> <td> </td> <td align="right">2,529,092</td> <td> </td> <td> </td> <td> </td> <td align="right">2,386,871</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Equity appreciation instrument </div></td> <td> </td> <td> </td> <td align="right">578</td> <td> </td> <td> </td> <td> </td> <td align="right">578</td> <td> </td> <td> </td> <td> </td> <td align="right">9,945</td> <td> </td> <td> </td> <td> </td> <td align="right">9,945</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Notional Amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Notional Amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Notional Amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Fair Value</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commitments to extend credit </div></td> <td> </td> <td align="left">$</td> <td align="right">6,709,614</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">808</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,879,051</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">983</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,744,092</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,805</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Letters of credit </div></td> <td> </td> <td> </td> <td align="right">146,475</td> <td> </td> <td> </td> <td> </td> <td align="right">3,010</td> <td> </td> <td> </td> <td> </td> <td align="right">152,596</td> <td> </td> <td> </td> <td> </td> <td align="right">3,318</td> <td> </td> <td> </td> <td> </td> <td align="right">142,772</td> <td> </td> <td> </td> <td> </td> <td align="right">2,164</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 24 — Net Income (Loss) per Common Share:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table sets forth the computation of net income (loss) per common share (“EPS”), basic and diluted, for the quarters ended March 31, 2011 and 2010: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended March 31,</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands, except share information)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net income (loss) </div></td> <td> </td> <td align="left">$</td> <td align="right">10,132</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(85,055</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Preferred stock dividends </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(930</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net income (loss) applicable to common stock </div></td> <td> </td> <td align="left">$</td> <td align="right">9,202</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(85,055</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Average common shares outstanding </div></td> <td> </td> <td> </td> <td align="right">1,021,536,201</td> <td> </td> <td> </td> <td> </td> <td align="right">639,003,599</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Average potential dilutive common shares </div></td> <td> </td> <td> </td> <td align="right">802,894</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Average common shares outstanding — assuming dilution </div></td> <td> </td> <td> </td> <td align="right">1,022,339,095</td> <td> </td> <td> </td> <td> </td> <td align="right">639,003,599</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Basic and diluted EPS </div></td> <td> </td> <td align="left">$</td> <td align="right">0.01</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(0.13</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Potential common shares consist of common stock issuable under the assumed exercise of stock options and restricted stock awards using the treasury stock method. This method assumes that the potential common shares are issued and the proceeds from exercise, in addition to the amount of compensation cost attributed to future services, are used to purchase common stock at the exercise date. The difference between the number of potential shares issued and the shares purchased is added as incremental shares to the actual number of shares outstanding to compute diluted earnings per share. Warrants, stock options, and restricted stock awards that result in lower potential shares issued than shares purchased under the treasury stock method are not included in the computation of dilutive earnings per share since their inclusion would have an antidilutive effect in earnings per common share. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">For quarter ended March 31, 2011, there were 2,121,618 weighted average antidilutive stock options outstanding (March 31, 2010 — 2,552,663). Additionally, the Corporation has outstanding a warrant issued to the U.S. Treasury to purchase 20,932,836 shares of common stock, which have an antidilutive effect at March 31, 2011. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 25 — Other Service Fees:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The caption of other services fees in the consolidated statements of operations consist of the following major categories: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended March 31,</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Debit card fees </div></td> <td> </td> <td align="left">$</td> <td align="right">12,925</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">26,593</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Insurance fees </div></td> <td> </td> <td> </td> <td align="right">11,926</td> <td> </td> <td> </td> <td> </td> <td align="right">10,990</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Credit card fees and discounts </div></td> <td> </td> <td> </td> <td align="right">10,576</td> <td> </td> <td> </td> <td> </td> <td align="right">23,297</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Sale and administration of investment products </div></td> <td> </td> <td> </td> <td align="right">7,130</td> <td> </td> <td> </td> <td> </td> <td align="right">7,167</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage servicing fees, net of fair value adjustments </div></td> <td> </td> <td> </td> <td align="right">6,260</td> <td> </td> <td> </td> <td> </td> <td align="right">11,359</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Trust fees </div></td> <td> </td> <td> </td> <td align="right">3,495</td> <td> </td> <td> </td> <td> </td> <td align="right">2,983</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Processing fees </div></td> <td> </td> <td> </td> <td align="right">1,697</td> <td> </td> <td> </td> <td> </td> <td align="right">13,962</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other fees </div></td> <td> </td> <td> </td> <td align="right">4,643</td> <td> </td> <td> </td> <td> </td> <td align="right">4,969</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total other services fees </div></td> <td> </td> <td align="left">$</td> <td align="right">58,652</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">101,320</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 26 — Pension and Postretirement Benefits:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation has a noncontributory defined benefit pension plan and supplementary benefit pension plans for regular employees of certain of its subsidiaries. At March 31, 2011, the accrual of benefits under the plans was frozen to all participants. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The components of net periodic pension cost for the quarters ended March 31, 2011 and 2010 were as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Pension Plan</td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Benefit Restoration Plans</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6">Quarters ended</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6">Quarters ended</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000">March 31,</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000">March 31,</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Interest cost </div></td> <td> </td> <td align="left">$</td> <td align="right">7,785</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,953</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">395</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">384</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Expected return on plan assets </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(10,840</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(7,776</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(451</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(403</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Amortization of net loss </div></td> <td> </td> <td> </td> <td align="right">2,828</td> <td> </td> <td> </td> <td> </td> <td align="right">2,206</td> <td> </td> <td> </td> <td> </td> <td align="right">148</td> <td> </td> <td> </td> <td> </td> <td align="right">99</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total net periodic pension (benefit) cost </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($227</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">2,383</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">92</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">80</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">During the quarter ended March 31, 2011, the Corporation made contributions to the pension and benefit restoration plans amounting to $124.6 million. The total contributions expected to be paid during the year 2011 for the pension and benefit restoration plans amount to approximately $126.7 million. <u></u> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation also provides certain health care benefits for retired employees of certain subsidiaries. The components of net periodic postretirement benefit cost for the quarters ended March 31, 2011 and 2010 were as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6">Quarters ended</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000">March 31,</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Service cost </div></td> <td> </td> <td align="left">$</td> <td align="right">504</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">432</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Interest cost </div></td> <td> </td> <td> </td> <td align="right">2,136</td> <td> </td> <td> </td> <td> </td> <td align="right">1,609</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Amortization of prior service cost </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(240</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(262</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Amortization of net loss (gain) </div></td> <td> </td> <td> </td> <td align="right">267</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(294</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total net periodic postretirement benefit cost </div></td> <td> </td> <td align="left">$</td> <td align="right">2,667</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,485</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">For the quarter ended March 31, 2011, contributions made to the postretirement benefit plan amounted to approximately $2.0 million. The total contributions expected to be paid during the year 2011 for the postretirement benefit plan amount to approximately $6.6 million. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 27- Stock-Based Compensation:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation maintained a Stock Option Plan (the “Stock Option Plan”), which permitted the granting of incentive awards in the form of qualified stock options, incentive stock options, or non-statutory stock options of the Corporation. In April 2004, the Corporation’s shareholders adopted the Popular, Inc. 2004 Omnibus Incentive Plan (the “Incentive Plan”), which replaced and superseded the Stock Option Plan. The adoption of the Incentive Plan did not alter the original terms of the grants made under the Stock Option Plan prior to the adoption of the Incentive Plan. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Stock Option Plan</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Employees and directors of the Corporation or any of its subsidiaries were eligible to participate in the Stock Option Plan. The Board of Directors or the Compensation Committee of the Board had the absolute discretion to determine the individuals that were eligible to participate in the Stock Option Plan. This plan provided for the issuance of Popular, Inc.’s common stock at a price equal to its fair market value at the grant date, subject to certain plan provisions. The shares are to be made available from authorized but unissued shares of common stock or treasury stock. The Corporation’s policy has been to use authorized but unissued shares of common stock to cover each grant. The maximum option term is ten years from the date of grant. Unless an option agreement provides otherwise, all options granted are 20% exercisable after the first year and an additional 20% is exercisable after each subsequent year, subject to an acceleration clause at termination of employment due to retirement. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents information on stock options outstanding at March 31, 2011. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000">(Not in thousands)</td> <td style="border-bottom: 1px solid #000000" colspan="20"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Weighted-Average</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Weighted-Average</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Remaining</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Weighted-Average</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center">Exercise Price</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Exercise Price of</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Life of Options</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Options Exercisable</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Exercise Price of</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center">Range per Share</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Options Outstanding</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Options Outstanding</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Outstanding in Years</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">(fully vested)</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Options Exercisable</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">$14.39 - $18.50 </div></td> <td> </td> <td> </td> <td align="right">1,023,453</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">15.84</td> <td> </td> <td> </td> <td> </td> <td align="right">1.49</td> <td> </td> <td> </td> <td> </td> <td align="right">1,023,453</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">15.84</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">$19.25 - $27.20 </div></td> <td> </td> <td> </td> <td align="right">1,098,165</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25.27</td> <td> </td> <td> </td> <td> </td> <td align="right">3.26</td> <td> </td> <td> </td> <td> </td> <td align="right">1,098,165</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25.27</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">$14.39 - $27.20 </div></td> <td> </td> <td> </td> <td align="right">2,121,618</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">20.72</td> <td> </td> <td> </td> <td> </td> <td align="right">2.41</td> <td> </td> <td> </td> <td> </td> <td align="right">2,121,618</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">20.72</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">There was no intrinsic value of options outstanding at March 31, 2011 and 2010. There was no intrinsic value of options exercisable at March 31, 2011 and 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table summarizes the stock option activity and related information: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="71%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Weighted-Average</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(Not in thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Options Outstanding</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Exercise Price</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Outstanding at January 1, 2010 </div></td> <td> </td> <td> </td> <td align="right">2,552,663</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">20.64</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Granted </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Exercised </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Forfeited </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Expired </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(277,497</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">20.43</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Outstanding at December 31, 2010 </div></td> <td> </td> <td> </td> <td align="right">2,275,166</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">20.67</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Granted </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Exercised </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Forfeited </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Expired </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(153,548</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">19.97</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Outstanding at March 31, 2011 </div></td> <td> </td> <td> </td> <td align="right">2,121,618</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">20.72</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The stock options exercisable at March 31, 2011 totaled 2,121,618 (March 31, 2010 — 2,552,663). There were no stock options exercised during the quarters ended March 31, 2011 and 2010. Thus, there was no intrinsic value of options exercised during the quarters ended March 31, 2011 and 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">There were no new stock option grants issued by the Corporation under the Stock Option Plan during 2010 and 2011. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">There was no stock option expense recognized for the quarters ended March 31, 2011 and 2010. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Incentive Plan</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Incentive Plan permits the granting of incentive awards in the form of Annual Incentive Awards, Long-term Performance Unit Awards, Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Units or Performance Shares. Participants in the Incentive Plan are designated by the Compensation Committee of the Board of Directors (or its delegate as determined by the Board). Employees and directors of the Corporation and/or any of its subsidiaries are eligible to participate in the Incentive Plan. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Under the Incentive Plan, the Corporation has issued restricted shares, which become vested based on the employees’ continued service with Popular. Unless otherwise stated in an agreement, the compensation cost associated with the shares of restricted stock is determined based on a two-prong vesting schedule. The first part is vested ratably over five years commencing at the date of grant and the second part is vested at termination of employment after attainment of 55 years of age and 10 years of service. The five-year vesting part is accelerated at termination of employment after attaining 55 years of age and 10 years of service. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table summarizes the restricted stock activity under the Incentive Plan for members of management. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="71%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(Not in thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Restricted Stock</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Weighted-Average <br />Grant Date Fair Value</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-vested at January 1, 2010 </div></td> <td> </td> <td> </td> <td align="right">138,512</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">23.62</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Granted </div></td> <td> </td> <td> </td> <td align="right">1,525,416</td> <td> </td> <td> </td> <td> </td> <td align="right">2.70</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Vested </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(340,879</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">7.87</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Forfeited </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(191,313</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">3.24</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-vested at December 31, 2010 </div></td> <td> </td> <td> </td> <td align="right">1,131,736</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3.61</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Granted </div></td> <td> </td> <td> </td> <td align="right">922,574</td> <td> </td> <td> </td> <td> </td> <td align="right">3.29</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Vested </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(17,348</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">20.06</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Forfeited </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,000</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">5.10</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-vested at March 31, 2011 </div></td> <td> </td> <td> </td> <td align="right">2,034,962</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3.32</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">During the quarter ended March 31, 2011, 922,574 shares of restricted stock were awarded to management under the Incentive Plan, consistent with the requirements of the TARP Interim Final Rule. The shares of restricted stock, which were awarded to management consistent with the requirements of the TARP Interim Final Rule, were determined upon consideration of management’s execution of critical 2009 initiatives to manage the Corporation’s liquidity and capitalization, strategically reposition its United States operations, and improve management effectiveness and cost control. The shares will vest on the secondary anniversary of the grant date, and they may become transferrable in 25% increments as the Corporation repays each 25% portion of the aggregate financial assistance received under the United States Treasury Department’s Capital Purchase Program under the Emergency Economic Stabilization Act of 2008. In addition, the grants are also subject to further performance criteria as the Corporation must achieve profitability for at least one fiscal year for awards to be payable. During the quarter ended March 31, 2010, 962,373 shares of restricted stock were awarded to management under the Incentive Plan, from which 937,712 shares were awarded to management consistent with the requirements of the TARP Interim Final Rule. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Beginning in 2007, the Corporation authorized the issuance of performance shares, in addition to restricted shares, under the Incentive Plan. The performance share awards consist of the opportunity to receive shares of Popular Inc.’s common stock provided that the Corporation achieves certain performance goals during a three-year performance cycle. The compensation cost associated with the performance shares is recorded ratably over a three-year performance period. The performance shares are granted at the end of the three-year period and vest at grant date, except when the participant’s employment is terminated by the Corporation without cause. In such case, the participant would receive a pro-rata amount of shares calculated as if the Corporation would have met the performance goal for the performance period. During the quarter ended March 31, 2011, no shares were granted under this plan (March 31, 2010 — 12,426). </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">During the quarter ended March 31, 2011, the Corporation recognized $0.5 million of restricted stock expense related to management incentive awards, with a tax benefit of $0.1 million (March 31, 2010 — $0.3 million, with a tax benefit of $0.1 million). The fair market value of the restricted stock vested was $0.5 million at grant date and $0.1 million at vesting date. This triggers a shortfall, net of windfalls, of $0.4 million that was recorded as an additional income tax expense at the applicable income tax rate. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">No additional income tax expense was recorded for the U.S. employees due to the valuation allowance of the deferred tax asset. There was no performance share expense recognized for the quarter ended March 31, 2011 (March 31, 2010 — $0.1 million, with a tax benefit of $60 thousand). The total unrecognized compensation cost related to non-vested restricted stock awards and performance shares to members of management at March 31, 2011 was $4.3 million and is expected to be recognized over a weighted-average period of 2 years. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table summarizes the restricted stock activity under the Incentive Plan for members of the Board of Directors: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Weighted-Average</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(Not in thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Restricted Stock</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Grant Date Fair Value</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-vested at January 1, 2010 </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Granted </div></td> <td> </td> <td> </td> <td align="right">305,898</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2.95</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Vested </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(305,898</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">2.95</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Forfeited </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-vested at December 31, 2010 </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Granted </div></td> <td> </td> <td> </td> <td align="right">23,284</td> <td> </td> <td> </td> <td> </td> <td align="right">3.35</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Vested </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(23,284</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">3.35</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Forfeited </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-vested at March 31, 2011 </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">During the quarter ended March 31, 2011, the Corporation granted 23,284 shares of restricted stock to members of the Board of Directors of Popular, Inc. and BPPR, which became vested at grant date (March 31, 2010 — 35,133). During this period, the Corporation recognized $0.1 million of restricted stock expense related to these restricted stock grants, with a tax benefit of $35 thousand (March 31, 2010 — $0.1 million, with a tax benefit of $47 thousand). The fair value at vesting date of the restricted stock vested during the quarter ended March 31, 2011 for directors was $78 thousand. </div> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 28 — Income Taxes:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The reasons for the difference between the income tax expense (benefit) applicable to income before income taxes and the amount computed by applying the statutory tax rate in Puerto Rico are included in the table that follows. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 0px solid #000000">Quarters ended</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6">March 31, 2010</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">% of pre-tax</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="0" style="border-bottom: 0px solid #000000">% of pre-tax</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">income</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">income</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Computed income tax at statutory rates </div></td> <td> </td> <td align="left">$</td> <td align="right">47,207</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">30</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($38,628</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">41</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net reversal (benefit) of net tax exempt interest income </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,407</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(12,231</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">13</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Effect of income subject to preferential tax rate </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(232</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(413</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Deferred tax asset valuation allowance </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5,305</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">33,280</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(35</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-deductible expenses </div></td> <td> </td> <td> </td> <td align="right">5,326</td> <td> </td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Difference in tax rates due to multiple jurisdictions </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,464</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">4,076</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Initial adjustment in deferred tax due to change in tax rate </div></td> <td> </td> <td> </td> <td align="right">103,287</td> <td> </td> <td> </td> <td> </td> <td align="right">66</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">State taxes and others </div></td> <td> </td> <td> </td> <td align="right">1,815</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">4,641</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Income tax expense (benefit) </div></td> <td> </td> <td align="left">$</td> <td align="right">147,227</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">93</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($9,275</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">10</td> <td nowrap="nowrap">%</td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">On January 31, 2011, the Governor of Puerto Rico signed into law a new Internal Revenue Code for Puerto Rico (the “2011 Tax Code”) which resulted in a reduction in the Corporation’s net deferred tax asset with a corresponding charge to income tax expense of $103.3 million due to a reduction in the marginal corporate income tax rate. Under the provisions of the 2011 Tax Code, the maximum marginal corporate income tax rate is 30% for years commenced after December 31, 2010. Prior to the 2011 Tax Code, the maximum marginal corporate income tax rate in Puerto Rico was 39%, which had increased to 40.95% due to a temporary 5% surtax approved in March 2009 for years beginning on January 1, 2009 through December 31, 2011. The 2011 Tax Code, however, eliminated the special 5% surtax on corporations for tax year 2011. Under the new tax code, the Corporation has an irrevocable one-time election to defer the application of the 2011 Tax Code for five years. This election must be made with the filing of the 2011 income tax return. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the components of the Corporation’s deferred tax assets and liabilities. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Deferred tax assets: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Tax credits available for carryforward </div></td> <td> </td> <td align="left">$</td> <td align="right">6,824</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,833</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net operating loss and donation carryforward available </div></td> <td> </td> <td> </td> <td align="right">1,206,190</td> <td> </td> <td> </td> <td> </td> <td align="right">1,222,717</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Postretirement and pension benefits </div></td> <td> </td> <td> </td> <td align="right">93,147</td> <td> </td> <td> </td> <td> </td> <td align="right">131,508</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Deferred loan origination fees </div></td> <td> </td> <td> </td> <td align="right">6,186</td> <td> </td> <td> </td> <td> </td> <td align="right">8,322</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Allowance for loan losses </div></td> <td> </td> <td> </td> <td align="right">302,380</td> <td> </td> <td> </td> <td> </td> <td align="right">393,289</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Deferred gains </div></td> <td> </td> <td> </td> <td align="right">12,700</td> <td> </td> <td> </td> <td> </td> <td align="right">13,056</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accelerated depreciation </div></td> <td> </td> <td> </td> <td align="right">7,008</td> <td> </td> <td> </td> <td> </td> <td align="right">7,108</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Intercompany deferred gains </div></td> <td> </td> <td> </td> <td align="right">5,036</td> <td> </td> <td> </td> <td> </td> <td align="right">5,480</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other temporary differences </div></td> <td> </td> <td> </td> <td align="right">21,767</td> <td> </td> <td> </td> <td> </td> <td align="right">26,063</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Total gross deferred tax assets </div></td> <td> </td> <td> </td> <td align="right">1,661,238</td> <td> </td> <td> </td> <td> </td> <td align="right">1,813,376</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Deferred tax liabilities: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Differences between the assigned values and the tax bases of assets and liabilities recognized in purchase business combinations </div></td> <td> </td> <td> </td> <td align="right">29,247</td> <td> </td> <td> </td> <td> </td> <td align="right">31,846</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Difference in outside basis between financial and tax reporting on sale of a business </div></td> <td> </td> <td> </td> <td align="right">11,692</td> <td> </td> <td> </td> <td> </td> <td align="right">11,120</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">FDIC-assisted transaction </div></td> <td> </td> <td> </td> <td align="right">68,146</td> <td> </td> <td> </td> <td> </td> <td align="right">64,049</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Unrealized net gain on trading and available-for-sale securities </div></td> <td> </td> <td> </td> <td align="right">45,213</td> <td> </td> <td> </td> <td> </td> <td align="right">52,186</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Deferred loan origination costs </div></td> <td> </td> <td> </td> <td align="right">4,583</td> <td> </td> <td> </td> <td> </td> <td align="right">6,911</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other temporary differences </div></td> <td> </td> <td> </td> <td align="right">1,802</td> <td> </td> <td> </td> <td> </td> <td align="right">1,392</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Total gross deferred tax liabilities </div></td> <td> </td> <td> </td> <td align="right">160,683</td> <td> </td> <td> </td> <td> </td> <td align="right">167,504</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Valuation allowance </div></td> <td> </td> <td> </td> <td align="right">1,262,171</td> <td> </td> <td> </td> <td> </td> <td align="right">1,268,589</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Net deferred tax asset </div></td> <td> </td> <td align="left">$</td> <td align="right">238,384</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">377,283</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The net deferred tax asset shown in the table above at March 31, 2011 is reflected in the consolidated statements of condition as $251 million in net deferred tax assets (in the “Other assets” caption) (December 31, 2010 — $388 million) and $13 million in deferred tax liabilities in the “Other liabilities” caption (December 31, 2010 — $11 million), reflecting the aggregate deferred tax assets or liabilities of individual tax-paying subsidiaries of the Corporation. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">A deferred tax asset should be reduced by a valuation allowance if based on the weight of all available evidence; it is more likely than not (a likelihood of more than 50%) that some portion or the entire deferred tax asset will not be realized. The valuation allowance should be sufficient to reduce the deferred tax asset to the amount that is more likely than not to be realized. The determination of whether a deferred tax asset is realizable is based on weighting all available evidence, including both positive and negative evidence. The realization of deferred tax assets, including carryforwards and deductible temporary differences, depends upon the existence of sufficient taxable income of the same character during the carryback or carryforward period. The analysis considers all sources of taxable income available to realize the deferred tax asset, including the future reversal of existing taxable temporary differences, future taxable income exclusive of reversing temporary differences and carryforwards, taxable income in prior carryback years and tax-planning strategies. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation’s U.S. mainland operations are in a cumulative loss position for the three-year period ended March 31, 2011. For purposes of assessing the realization of the deferred tax assets in the U.S. mainland, this cumulative taxable loss position is considered significant negative evidence and has caused management to conclude that it is more likely than not that the Corporation will not be able to realize the associated deferred tax assets in the future. At March 31, 2011, the Corporation recorded a valuation allowance of approximately $1.3 billion on the deferred tax assets of its U.S. operations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011, the Corporation’s deferred tax assets related to its Puerto Rico operations amounted to $260 million. The Corporation assessed the realization of the Puerto Rico portion of the net deferred tax asset based on the weighting of all available evidence. The Corporation’s Puerto Rico Banking operation is in a cumulative loss position for the three-year period ended March 31, 2011. This situation is mainly due to the performance of the construction loan portfolio, including the charges related to the proposed sale of the portfolio. Currently, a significant portion of the construction loan portfolio has been written-down to fair value based on a bid received. The Corporation’s banking operations in Puerto Rico have a very strong earnings history, and it is management’s view, based on that history, that the event causing this loss is not a continuing condition of the operations. Accordingly, there is enough positive evidence to outweigh the negative evidence of the cumulative loss. Based on this evidence, the Corporation has concluded that it is more likely than not that such net deferred tax asset will be realized. Management reassesses the realization of the deferred tax assets each reporting period. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The reconciliation of unrecognized tax benefits was as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In millions)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at January 1 </div></td> <td> </td> <td align="left">$</td> <td align="right">26.3</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">41.8</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Additions for tax positions — January through March </div></td> <td> </td> <td> </td> <td align="right">2.2</td> <td> </td> <td> </td> <td> </td> <td align="right">0.4</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Reduction as a result of settlements — January through March </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4.4</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(14.3</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at March 31 </div></td> <td> </td> <td align="left">$</td> <td align="right">24.1</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">27.9</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At March 31, 2011, the related accrued interest approximated $6.6 million (March 31, 2010 - $6.5 million). Management determined that at March 31, 2011 and 2010 there was no need to accrue for the payment of penalties. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">After consideration of the effect on U.S. federal tax of unrecognized U.S. state tax benefits, the total amount of unrecognized tax benefits, including U.S. and Puerto Rico, that if recognized, would affect the Corporation’s effective tax rate, was approximately $30 million at March 31, 2011 (March 31, 2010 — $33.0 million). </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The amount of unrecognized tax benefits may increase or decrease in the future for various reasons including adding amounts for current tax year positions, expiration of open income tax returns due to the statutes of limitation, changes in management’s judgment about the level of uncertainty, status of examinations, litigation and legislative activity and the addition or elimination of uncertain tax positions. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation and its subsidiaries file income tax returns in Puerto Rico, the U.S. federal jurisdiction, various U.S. states and political subdivisions, and foreign jurisdictions. At March 31, 2011, the following years remain subject to examination in the U.S. Federal jurisdiction: 2008 and thereafter; and in the Puerto Rico jurisdiction, 2006 and thereafter. The Corporation anticipates a reduction in the total amount of unrecognized tax benefits within the next 12 months, which could amount to approximately $8 million. </div> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 29 — Supplemental Disclosure on the Consolidated Statements of Cash Flows:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Additional disclosures on cash flow information and non-cash activities for the quarters ended March 31, 2011 and 2010 are listed in the following table: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-cash activities: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Loans transferred to other real estate </div></td> <td> </td> <td align="left">$</td> <td align="right">39,443</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">32,032</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Loans transferred to other property </div></td> <td> </td> <td> </td> <td align="right">7,117</td> <td> </td> <td> </td> <td> </td> <td align="right">9,733</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total loans transferred to foreclosed assets </div></td> <td> </td> <td> </td> <td align="right">46,560</td> <td> </td> <td> </td> <td> </td> <td align="right">41,765</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Transfers from loans held-in-portfolio to loans held-for-sale </div></td> <td> </td> <td> </td> <td align="right">8,465</td> <td> </td> <td> </td> <td> </td> <td align="right">20,248</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Transfers from loans held-for-sale to loans held-in-portfolio </div></td> <td> </td> <td> </td> <td align="right">24,558</td> <td> </td> <td> </td> <td> </td> <td align="right">167</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Loans securitized into investment securities [1] </div></td> <td> </td> <td> </td> <td align="right">328,592</td> <td> </td> <td> </td> <td> </td> <td align="right">205,056</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Recognition of mortgage servicing rights on securitizations or asset transfers </div></td> <td> </td> <td> </td> <td align="right">6,297</td> <td> </td> <td> </td> <td> </td> <td align="right">3,900</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left"> <div style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">  </div> </div> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">[1]</td> <td> </td> <td>Includes loan securitized into trading securities and subsequently sold before quarter end.</td> </tr> </table>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 30 — Segment Reporting:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation’s corporate structure consists of two reportable segments — Banco Popular de Puerto Rico and Banco Popular North America. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">On September 30, 2010, the Corporation completed the sale of a 51% ownership interest in EVERTEC, which included the merchant acquiring business of BPPR. EVERTEC was reported as a reportable segment prior to such date, while the merchant acquiring business was originally included in the BPPR reportable segment through June 30, 2010. As a result of the sale, the Corporation no longer presents EVERTEC as a reportable segment and therefore, historical financial information for the processing and merchant acquiring businesses has been reclassified under the Corporate group for all periods presented. Additionally, the Corporation retained Tarjetas y Transacciones en Red Tranred, C.A. (“TRANRED”) (formerly EVERTEC DE VENEZUELA, C.A). and its equity investments in Consorcio de Tarjetas Dominicanas, S.A. (“CONTADO”) and Serfinsa, which were included in the EVERTEC reportable segment through June 30, 2010. The results for TRANRED and the equity investments are included in the Corporate group for all periods presented. In March 2011, the Corporation recorded $8.6 million in operating expenses because of the write-off of its investment in TRANRED as the Corporation determined to wind-down these operations. Also, in March 2011, the Corporation completed the sale of its equity investment in (“CONTADO”) with a positive impact in first quarter earnings of $16.7 million. Revenue from the 49% ownership interest in EVERTEC is reported as non-interest income in the Corporate group. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Management determined the reportable segments based on the internal reporting used to evaluate performance and to assess where to allocate resources. The segments were determined based on the organizational structure, which focuses primarily on the markets the segments serve, as well as on the products and services offered by the segments. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Banco Popular de Puerto Rico:</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Given that Banco Popular de Puerto Rico constitutes a significant portion of the Corporation’s results of operations and total assets at March 31, 2011, additional disclosures are provided for the business areas included in this reportable segment, as described below: </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" style="background: transparent"> </td> <td width="2%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td>Commercial banking represents the Corporation’s banking operations conducted at BPPR, which are targeted mainly to corporate, small and middle size businesses. It includes aspects of the lending and depository businesses, as well as other finance and advisory services. BPPR allocates funds across business areas based on duration matched transfer pricing at market rates. This area also incorporates income related with the investment of excess funds, as well as a proportionate share of the investment function of BPPR.</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" style="background: transparent"> </td> <td width="2%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td>Consumer and retail banking represents the branch banking operations of BPPR which focus on retail clients. It includes the consumer lending business operations of BPPR, as well as the lending operations of Popular Auto and Popular Mortgage. Popular Auto focuses on auto and lease financing, while Popular Mortgage focuses principally in residential mortgage loan originations. The consumer and retail banking area also incorporates income related with the investment of excess funds from the branch network, as well as a proportionate share of the investment function of BPPR.</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" style="background: transparent"> </td> <td width="2%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td>Other financial services include the trust and asset management service units of BPPR, the brokerage and investment banking operations of Popular Securities, and the insurance agency and reinsurance businesses of Popular Insurance, Popular Insurance V.I., Popular Risk Services, and Popular Life Re. Most of the services that are provided by these subsidiaries generate profits based on fee income.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Banco Popular North America:</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Banco Popular North America’s reportable segment consists of the banking operations of BPNA, E-LOAN, Popular Equipment Finance, Inc. and Popular Insurance Agency, U.S.A. BPNA operates through a retail branch network in the U.S. mainland, while E-LOAN supports BPNA’s deposit gathering through its online platform. All direct lending activities at E-LOAN were ceased during the fourth quarter of 2008. Popular Equipment Finance, Inc. also holds a running-off loan portfolio as this subsidiary ceased originating loans during 2009. Popular Insurance Agency, U.S.A. offers investment and insurance services across the BPNA branch network. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Corporate group consists primarily of the holding companies: Popular, Inc., Popular North America and Popular International Bank. Also, as discussed previously, it includes the results of EVERTEC for all periods presented. The Corporate group also includes the expenses of certain corporate areas that are identified as critical to the organization: Finance, Risk Management and Legal. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The accounting policies of the individual operating segments are the same as those of the Corporation. Transactions between reportable segments are primarily conducted at market rates, resulting in profits that are eliminated for reporting consolidated results of operations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following tables present the results of operations for the quarters ended March 31, 2011 and 2010. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="13" style="border-bottom: 1px solid #000000">March 31, 2011</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Banco Popular de Puerto Rico</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Banco Popular North America</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Intersegment Eliminations</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income </div></td> <td> </td> <td align="left">$</td> <td align="right">295,445</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">74,814</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right">67,256</td> <td> </td> <td> </td> <td> </td> <td align="right">8,063</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-interest income </div></td> <td> </td> <td> </td> <td align="right">121,727</td> <td> </td> <td> </td> <td> </td> <td align="right">17,417</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Amortization of intangibles </div></td> <td> </td> <td> </td> <td align="right">1,575</td> <td> </td> <td> </td> <td> </td> <td align="right">680</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Depreciation expense </div></td> <td> </td> <td> </td> <td align="right">9,632</td> <td> </td> <td> </td> <td> </td> <td align="right">1,991</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loss on early extinguishment of debt </div></td> <td> </td> <td> </td> <td align="right">239</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other operating expenses </div></td> <td> </td> <td> </td> <td align="right">188,730</td> <td> </td> <td> </td> <td> </td> <td align="right">58,227</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Income tax expense </div></td> <td> </td> <td> </td> <td align="right">146,144</td> <td> </td> <td> </td> <td> </td> <td align="right">938</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net income </div></td> <td> </td> <td align="left">$</td> <td align="right">3,596</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">22,332</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Segment Assets </div></td> <td> </td> <td align="left">$</td> <td align="right">29,359,421</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8,975,972</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(26,335</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="17" style="border-bottom: 1px solid #000000">March 31, 2011</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Reportable Segments</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Corporate</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Eliminations</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total Popular, Inc.</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income (loss) </div></td> <td> </td> <td align="left">$</td> <td align="right">370,259</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(27,207</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">307</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">343,359</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right">75,319</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">75,319</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-interest income </div></td> <td> </td> <td> </td> <td align="right">139,144</td> <td> </td> <td> </td> <td> </td> <td align="right">42,242</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(17,018</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">164,368</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Amortization of intangibles </div></td> <td> </td> <td> </td> <td align="right">2,255</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">2,255</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Depreciation expense </div></td> <td> </td> <td> </td> <td align="right">11,623</td> <td> </td> <td> </td> <td> </td> <td align="right">437</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">12,060</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loss on early extinguishment of debt </div></td> <td> </td> <td> </td> <td align="right">239</td> <td> </td> <td> </td> <td> </td> <td align="right">8,000</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">8,239</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other operating expenses </div></td> <td> </td> <td> </td> <td align="right">246,957</td> <td> </td> <td> </td> <td> </td> <td align="right">23,093</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(17,555</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">252,495</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Income tax expense (benefit) </div></td> <td> </td> <td> </td> <td align="right">147,082</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(158</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">303</td> <td> </td> <td> </td> <td> </td> <td align="right">147,227</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net income (loss) </div></td> <td> </td> <td align="left">$</td> <td align="right">25,928</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(16,337</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">541</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10,132</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Segment Assets </div></td> <td> </td> <td align="left">$</td> <td align="right">38,309,058</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,459,100</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(5,031,891</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">38,736,267</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="13" style="border-bottom: 1px solid #000000">March 31, 2010</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Banco Popular de Puerto Rico</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Banco Popular North America</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Intersegment Eliminations</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income </div></td> <td> </td> <td align="left">$</td> <td align="right">219,297</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">78,854</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right">108,372</td> <td> </td> <td> </td> <td> </td> <td align="right">131,828</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-interest income </div></td> <td> </td> <td> </td> <td align="right">88,669</td> <td> </td> <td> </td> <td> </td> <td align="right">16,559</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Amortization of intangibles </div></td> <td> </td> <td> </td> <td align="right">951</td> <td> </td> <td> </td> <td> </td> <td align="right">910</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Depreciation expense </div></td> <td> </td> <td> </td> <td align="right">9,275</td> <td> </td> <td> </td> <td> </td> <td align="right">2,431</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loss on early extinguishment of debt </div></td> <td> </td> <td> </td> <td align="right">548</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other operating expenses </div></td> <td> </td> <td> </td> <td align="right">165,478</td> <td> </td> <td> </td> <td> </td> <td align="right">63,628</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Income tax (benefit) expense </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(909</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">786</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net income (loss) </div></td> <td> </td> <td align="left">$</td> <td align="right">24,251</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(104,170</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Segment Assets </div></td> <td> </td> <td align="left">$</td> <td align="right">23,161,869</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10,399,867</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(56,180</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="17" style="border-bottom: 1px solid #000000">March 31, 2010</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total Reportable Segments</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Corporate</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Eliminations</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total Popular, Inc.</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income (loss) </div></td> <td> </td> <td align="left">$</td> <td align="right">298,151</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(29,396</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">162</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">268,917</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right">240,200</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">240,200</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-interest income </div></td> <td> </td> <td> </td> <td align="right">105,228</td> <td> </td> <td> </td> <td> </td> <td align="right">85,663</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(33,025</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">157,866</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Amortization of intangibles </div></td> <td> </td> <td> </td> <td align="right">1,861</td> <td> </td> <td> </td> <td> </td> <td align="right">188</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">2,049</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Depreciation expense </div></td> <td> </td> <td> </td> <td align="right">11,706</td> <td> </td> <td> </td> <td> </td> <td align="right">3,685</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">15,391</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loss on early extinguishment of debt </div></td> <td> </td> <td> </td> <td align="right">548</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">548</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other operating expenses </div></td> <td> </td> <td> </td> <td align="right">229,106</td> <td> </td> <td> </td> <td> </td> <td align="right">67,372</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(33,553</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">262,925</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Income tax benefit </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(123</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(9,369</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">217</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(9,275</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net loss </div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(79,919</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(5,609</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">473</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(85,055</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Segment Assets </div></td> <td> </td> <td align="left">$</td> <td align="right">33,505,556</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,451,963</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(5,125,082</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">33,832,437</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Additional disclosures with respect to the Banco Popular de Puerto Rico reportable segment are as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="21" style="border-bottom: 1px solid #000000">March 31, 2011</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="20" style="border-bottom: 1px solid #000000">Banco Popular de Puerto Rico</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Consumer and</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Other</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Banco Popular</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Commercial Banking</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Retail Banking</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Financial Services</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Eliminations</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">de Puerto Rico</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income </div></td> <td> </td> <td align="left">$</td> <td align="right">119,560</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">173,470</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,374</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">41</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">295,445</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right">27,895</td> <td> </td> <td> </td> <td> </td> <td align="right">39,361</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">67,256</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-interest income </div></td> <td> </td> <td> </td> <td align="right">45,358</td> <td> </td> <td> </td> <td> </td> <td align="right">54,901</td> <td> </td> <td> </td> <td> </td> <td align="right">21,523</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(55</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">121,727</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Amortization of intangibles </div></td> <td> </td> <td> </td> <td align="right">26</td> <td> </td> <td> </td> <td> </td> <td align="right">1,394</td> <td> </td> <td> </td> <td> </td> <td align="right">155</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,575</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Depreciation expense </div></td> <td> </td> <td> </td> <td align="right">4,379</td> <td> </td> <td> </td> <td> </td> <td align="right">5,016</td> <td> </td> <td> </td> <td> </td> <td align="right">237</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">9,632</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loss on early extinguishment of debt </div></td> <td> </td> <td> </td> <td align="right">239</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">239</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other operating expenses </div></td> <td> </td> <td> </td> <td align="right">54,908</td> <td> </td> <td> </td> <td> </td> <td align="right">118,227</td> <td> </td> <td> </td> <td> </td> <td align="right">15,650</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(55</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">188,730</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Income tax expense </div></td> <td> </td> <td> </td> <td align="right">76,840</td> <td> </td> <td> </td> <td> </td> <td align="right">66,844</td> <td> </td> <td> </td> <td> </td> <td align="right">2,444</td> <td> </td> <td> </td> <td> </td> <td align="right">16</td> <td> </td> <td> </td> <td> </td> <td align="right">146,144</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net income (loss) </div></td> <td> </td> <td align="left">$</td> <td align="right">631</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(2,471</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">5,411</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,596</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Segment Assets </div></td> <td> </td> <td align="left">$</td> <td align="right">15,518,756</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">21,280,611</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">459,462</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(7,899,408</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">29,359,421</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="21" style="border-bottom: 1px solid #000000">March 31, 2010</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="21" style="border-bottom: 1px solid #000000">Banco Popular de Puerto Rico</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Consumer and Retail</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Other Financial</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Banco Popular</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td nowrap="nowrap" align="left" colspan="4">Commercial Banking</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Banking</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Services</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Eliminations</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">de Puerto Rico</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income </div></td> <td> </td> <td align="left">$</td> <td align="right">71,062</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">145,666</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,503</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">66</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">219,297</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right">73,171</td> <td> </td> <td> </td> <td> </td> <td align="right">35,201</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">108,372</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-interest income </div></td> <td> </td> <td> </td> <td align="right">25,524</td> <td> </td> <td> </td> <td> </td> <td align="right">42,853</td> <td> </td> <td> </td> <td> </td> <td align="right">20,114</td> <td> </td> <td> </td> <td> </td> <td align="right">178</td> <td> </td> <td> </td> <td> </td> <td align="right">88,669</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Amortization of intangibles </div></td> <td> </td> <td> </td> <td align="right">28</td> <td> </td> <td> </td> <td> </td> <td align="right">784</td> <td> </td> <td> </td> <td> </td> <td align="right">139</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">951</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Depreciation expense </div></td> <td> </td> <td> </td> <td align="right">3,962</td> <td> </td> <td> </td> <td> </td> <td align="right">5,008</td> <td> </td> <td> </td> <td> </td> <td align="right">305</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">9,275</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loss on early extinguishment of debt </div></td> <td> </td> <td> </td> <td align="right">548</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">548</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other operating expenses </div></td> <td> </td> <td> </td> <td align="right">46,485</td> <td> </td> <td> </td> <td> </td> <td align="right">104,831</td> <td> </td> <td> </td> <td> </td> <td align="right">14,234</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(72</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">165,478</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Income tax (benefit) expense </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(14,812</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">10,963</td> <td> </td> <td> </td> <td> </td> <td align="right">2,811</td> <td> </td> <td> </td> <td> </td> <td align="right">129</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(909</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net (loss) income </div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(12,796</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">31,732</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,128</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">187</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">24,251</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Segment Assets </div></td> <td> </td> <td align="left">$</td> <td align="right">9,330,813</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">17,069,123</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">426,524</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(3,664,591</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">23,161,869</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">Additional disclosures with respect to the Banco Popular North America reportable segments are as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="17" style="border-bottom: 1px solid #000000">March 31, 2011</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="17" style="border-bottom: 1px solid #000000">Banco Popular North America</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Banco Popular</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Banco Popular</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">North America</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">E-LOAN</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Eliminations</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">North America</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income </div></td> <td> </td> <td align="left">$</td> <td align="right">74,300</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">514</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">74,814</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right">605</td> <td> </td> <td> </td> <td> </td> <td align="right">7,458</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">8,063</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-interest income </div></td> <td> </td> <td> </td> <td align="right">17,374</td> <td> </td> <td> </td> <td> </td> <td align="right">43</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">17,417</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Amortization of intangibles </div></td> <td> </td> <td> </td> <td align="right">680</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">680</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Depreciation expense </div></td> <td> </td> <td> </td> <td align="right">1,991</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">1,991</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other operating expenses </div></td> <td> </td> <td> </td> <td align="right">55,955</td> <td> </td> <td> </td> <td> </td> <td align="right">2,272</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">58,227</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Income tax expense </div></td> <td> </td> <td> </td> <td align="right">938</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">938</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net income ( loss) </div></td> <td> </td> <td align="left">$</td> <td align="right">31,505</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(9,173</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">22,332</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Segment Assets </div></td> <td> </td> <td align="left">$</td> <td align="right">9,645,089</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">474,834</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1,143,951</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">8,975,972</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="17" style="border-bottom: 1px solid #000000">March 31, 2010</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="17" style="border-bottom: 1px solid #000000">Banco Popular North America</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Total</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Banco Popular</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Banco Popular</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">North America</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">E-LOAN</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Eliminations</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">North America</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income </div></td> <td> </td> <td align="left">$</td> <td align="right">77,376</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,534</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(56</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">78,854</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right">119,706</td> <td> </td> <td> </td> <td> </td> <td align="right">12,122</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">131,828</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Non-interest income (loss) </div></td> <td> </td> <td> </td> <td align="right">18,185</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,626</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">16,559</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Amortization of intangibles </div></td> <td> </td> <td> </td> <td align="right">910</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">910</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Depreciation expense </div></td> <td> </td> <td> </td> <td align="right">2,180</td> <td> </td> <td> </td> <td> </td> <td align="right">251</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">2,431</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other operating expenses </div></td> <td> </td> <td> </td> <td align="right">61,721</td> <td> </td> <td> </td> <td> </td> <td align="right">1,907</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">63,628</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Income tax expense </div></td> <td> </td> <td> </td> <td align="right">786</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">786</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net loss </div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(89,742</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(14,372</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(56</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(104,170</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Segment Assets </div></td> <td> </td> <td align="left">$</td> <td align="right">11,040,381</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">526,937</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1,167,451</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">10,399,867</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Geographic Information</b> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Revenues [1]: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Puerto Rico </div></td> <td> </td> <td align="left">$</td> <td align="right">396,249</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">308,580</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td> </td> <td align="right">88,404</td> <td> </td> <td> </td> <td> </td> <td align="right">89,638</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right">23,074</td> <td> </td> <td> </td> <td> </td> <td align="right">28,565</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total consolidated revenues from continuing operations </div></td> <td> </td> <td align="left">$</td> <td align="right">507,727</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">426,783</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left"> <div style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 0px solid #000000">  </div> </div> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">[1]</td> <td> </td> <td>Total revenues include net interest income, service charges on deposit accounts, other service fees, net gain on sale and valuation adjustments of investment securities, trading account profit, net gain on sale of loans and valuation adjustments on loans held-for-sale, adjustments to indemnity reserves on loans sold, FDIC loss share income, fair value change in equity appreciation instrument and other operating income.</td> </tr> </table>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Selected Balance Sheet Information:</b> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2011</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">March 31, 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Puerto Rico </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total assets </div></td> <td> </td> <td align="left">$</td> <td align="right">28,488,973</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">22,035,181</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Loans </div></td> <td> </td> <td> </td> <td align="right">18,723,166</td> <td> </td> <td> </td> <td> </td> <td align="right">13,989,155</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Deposits </div></td> <td> </td> <td> </td> <td align="right">19,524,566</td> <td> </td> <td> </td> <td> </td> <td align="right">16,383,261</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">United States </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total assets </div></td> <td> </td> <td align="left">$</td> <td align="right">9,098,562</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10,569,801</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Loans </div></td> <td> </td> <td> </td> <td align="right">6,483,596</td> <td> </td> <td> </td> <td> </td> <td align="right">8,370,929</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Deposits </div></td> <td> </td> <td> </td> <td align="right">6,570,511</td> <td> </td> <td> </td> <td> </td> <td align="right">7,874,502</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total assets </div></td> <td> </td> <td align="left">$</td> <td align="right">1,148,732</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,227,455</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Loans </div></td> <td> </td> <td> </td> <td align="right">769,255</td> <td> </td> <td> </td> <td> </td> <td align="right">824,627</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Deposits [1] </div></td> <td> </td> <td> </td> <td align="right">1,101,597</td> <td> </td> <td> </td> <td> </td> <td align="right">1,102,549</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left"> <div style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 0px solid #000000">  </div> </div> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">[1]</td> <td> </td> <td>Represents deposits from BPPR operations located in the US and British Virgin Islands.</td> </tr> </table> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 31 — Subsequent Events:</b> </div> <div align="left" style="font-size: 10pt">Subsequent events are events and transactions that occur after the balance sheet date but before financial statements are issued. The effects of subsequent events and transactions are recognized in the financial statements when they provide additional evidence about conditions that existed at the balance sheet date. The Corporation has evaluated events and transactions occurring subsequent to March 31, 2011. Such evaluation resulted in no adjustments or additional disclosures in the consolidated financial statements for the quarter ended March 31, 2011. </div> <div align="left"> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 32 — Condensed Consolidating Financial Information of Guarantor and Issuers of Registered Guaranteed Securities:</b> </div> <div align="left" style="font-size: 10pt">The following condensed consolidating financial information presents the financial position of Popular, Inc. Holding Company (“PIHC”) (parent only), Popular International Bank, Inc. (“PIBI”), Popular North America, Inc. (“PNA”) and all other subsidiaries of the Corporation at March 31, 2011, December 31, 2010 and March 31, 2010, and the results of their operations and cash flows for periods ended March 31, 2011 and 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">PIBI is an operating subsidiary of PIHC and is the holding company of its wholly-owned subsidiaries: Popular Insurance V.I., Inc; Tarjetas y Transacciones en Red Tranred, C.A.; and PNA. Prior to the internal reorganization and sale of the ownership interest in EVERTEC, ATH Costa Rica S.A., and T.I.I. Smart Solutions Inc. were also wholly-owned subsidiaries of PIBI. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">PNA is an operating subsidiary of PIBI and is the holding company of its wholly-owned subsidiaries: Equity One, Inc.; and Banco Popular North America (“BPNA”), including its wholly-owned subsidiaries Popular Equipment Finance, Inc., Popular Insurance Agency, U.S.A., and E-LOAN, Inc. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">PIHC fully and unconditionally guarantees all registered debt securities issued by PNA. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">A source of income for the Holding Company consists of dividends from BPPR. BPPR and BPNA must obtain the approval of the Federal Reserve Board for any dividend if the total of all dividends declared by each entity during the calendar year would exceed the total of its net income for that year, as defined by the Federal Reserve Board, combined with its retained net income for the preceding two years, less any required transfers to surplus or to a fund for the retirement of any preferred stock. The payment of dividends by BPPR may also be affected by other regulatory requirements and policies, such as the maintenance of certain minimum capital levels. Subject to the Federal Reserve’s ability to establish more stringent specific requirements under its supervisory or enforcement authority, at March 31, 2011, BPPR could have declared a dividend of approximately $70 million (March 31, 2010 — $81 million; December 31, 2010 — $78 million). BPNA could not declare any dividends without the approval of the Federal Reserve Board. </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">Condensed Consolidating Statement Of Condition (Unaudited) </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="22" style="border-bottom: 1px solid #000000">At March 31, 2011</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">All other</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular, Inc.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">PIBI</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">PNA</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">subsidiaries and</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Elimination</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular, Inc.</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">eliminations</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">entries</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Consolidated</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>ASSETS</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Cash and due from banks </div></td> <td> </td> <td align="left">$</td> <td align="right">1,836</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">40,583</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">675</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">464,790</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(43,329</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">464,555</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Money market investments </div></td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td> </td> <td> </td> <td align="right">7,266</td> <td> </td> <td> </td> <td> </td> <td align="right">1,323</td> <td> </td> <td> </td> <td> </td> <td align="right">961,497</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8,523</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">961,565</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Trading account securities, at fair value </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">634,799</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">634,799</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities available-for-sale, at fair value </div></td> <td> </td> <td> </td> <td align="right">37,363</td> <td> </td> <td> </td> <td> </td> <td align="right">3,898</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">5,663,205</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(18,125</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">5,686,341</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities held-to-maturity, at amortized cost </div></td> <td> </td> <td> </td> <td align="right">209,734</td> <td> </td> <td> </td> <td> </td> <td align="right">1,000</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">116,372</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(185,000</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">142,106</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other investment securities, at lower of cost or realizable value </div></td> <td> </td> <td> </td> <td align="right">10,850</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">4,492</td> <td> </td> <td> </td> <td> </td> <td align="right">159,587</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">174,930</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investment in subsidiaries </div></td> <td> </td> <td> </td> <td align="right">3,846,966</td> <td> </td> <td> </td> <td> </td> <td align="right">1,104,183</td> <td> </td> <td> </td> <td> </td> <td align="right">1,595,118</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6,546,267</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loans held-for-sale, at lower of cost or fair value </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">569,678</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">569,678</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loans held-in-portfolio: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loans not covered under loss sharing agreements with the FDIC </div></td> <td> </td> <td> </td> <td align="right">330,208</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">20,746,496</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(295,155</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">20,781,549</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loans covered under loss sharing agreements with the FDIC </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">4,729,550</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">4,729,550</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Less — Unearned income </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">104,760</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">104,760</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:60px; text-indent:-15px">Allowance for loan losses </div></td> <td> </td> <td> </td> <td align="right">60</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">736,445</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">736,505</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total loans held-in-portfolio, net </div></td> <td> </td> <td> </td> <td align="right">330,148</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">24,634,841</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(295,155</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">24,669,834</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">FDIC loss share indemnification asset </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,325,618</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,325,618</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Premises and equipment, net </div></td> <td> </td> <td> </td> <td align="right">2,818</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">121</td> <td> </td> <td> </td> <td> </td> <td align="right">540,638</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">543,577</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other real estate not covered under loss sharing agreements with the FDIC </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">156,888</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">156,888</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other real estate covered under loss sharing agreements with the FDIC </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">65,562</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">65,562</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accrued income receivable </div></td> <td> </td> <td> </td> <td align="right">2,347</td> <td> </td> <td> </td> <td> </td> <td align="right">14</td> <td> </td> <td> </td> <td> </td> <td align="right">31</td> <td> </td> <td> </td> <td> </td> <td align="right">145,365</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(87</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">147,670</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage servicing assets, at fair value </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">167,416</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">167,416</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other assets </div></td> <td> </td> <td> </td> <td align="right">257,598</td> <td> </td> <td> </td> <td> </td> <td align="right">73,935</td> <td> </td> <td> </td> <td> </td> <td align="right">15,669</td> <td> </td> <td> </td> <td> </td> <td align="right">1,000,480</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(25,782</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">1,321,900</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Goodwill </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">647,387</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">647,387</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other intangible assets </div></td> <td> </td> <td> </td> <td align="right">554</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">55,887</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">56,441</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total assets </div></td> <td> </td> <td align="left">$</td> <td align="right">4,700,216</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,230,880</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,617,429</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">38,310,010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(7,122,268</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">38,736,267</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>LIABILITIES AND STOCKHOLDERS’ EQUITY</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><i>Liabilities:</i> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Deposits: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Non-interest bearing </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,981,103</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(68,094</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">4,913,009</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Interest bearing </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">22,292,338</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8,673</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">22,283,665</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total deposits </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">27,273,441</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(76,767</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">27,196,674</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Federal funds purchased and assets sold under agreements to repurchase </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,642,800</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,642,800</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other short-term borrowings </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">42,400</td> <td> </td> <td> </td> <td> </td> <td align="right">514,902</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(267,000</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">290,302</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Notes payable </div></td> <td> </td> <td align="left">$</td> <td align="right">741,684</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">427,189</td> <td> </td> <td> </td> <td> </td> <td align="right">2,625,782</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">3,794,655</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Subordinated notes </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">185,000</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(185,000</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other liabilities </div></td> <td> </td> <td> </td> <td align="right">153,626</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,636</td> <td> </td> <td> </td> <td> </td> <td align="right">44,345</td> <td> </td> <td> </td> <td> </td> <td align="right">847,923</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(46,600</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">1,006,930</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total liabilities </div></td> <td> </td> <td> </td> <td align="right">895,310</td> <td> </td> <td> </td> <td> </td> <td align="right">7,636</td> <td> </td> <td> </td> <td> </td> <td align="right">513,934</td> <td> </td> <td> </td> <td> </td> <td align="right">34,089,848</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(575,367</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">34,931,361</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><i>Stockholders’ equity:</i> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Preferred stock </div></td> <td> </td> <td> </td> <td align="right">50,160</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">50,160</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Common stock </div></td> <td> </td> <td> </td> <td align="right">10,236</td> <td> </td> <td> </td> <td> </td> <td align="right">4,066</td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td> </td> <td> </td> <td align="right">51,564</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(55,632</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">10,236</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Surplus </div></td> <td> </td> <td> </td> <td align="right">4,087,718</td> <td> </td> <td> </td> <td> </td> <td align="right">4,092,743</td> <td> </td> <td> </td> <td> </td> <td align="right">4,066,208</td> <td> </td> <td> </td> <td> </td> <td align="right">5,857,287</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(14,007,711</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">4,096,245</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accumulated deficit </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(329,599</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,869,853</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,985,273</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,699,949</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">7,546,548</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(338,126</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Treasury stock, at cost </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(607</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(607</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accumulated other comprehensive (loss) income, net of tax </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(13,002</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,712</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">22,558</td> <td> </td> <td> </td> <td> </td> <td align="right">11,260</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(30,106</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(13,002</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total stockholders’ equity </div></td> <td> </td> <td> </td> <td align="right">3,804,906</td> <td> </td> <td> </td> <td> </td> <td align="right">1,223,244</td> <td> </td> <td> </td> <td> </td> <td align="right">1,103,495</td> <td> </td> <td> </td> <td> </td> <td align="right">4,220,162</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6,546,901</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">3,804,906</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total liabilities and stockholders’ equity </div></td> <td> </td> <td align="left">$</td> <td align="right">4,700,216</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,230,880</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,617,429</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">38,310,010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(7,122,268</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">38,736,267</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">Condensed Consolidating Statement Of Condition </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="22" style="border-bottom: 1px solid #000000">At December 31, 2010</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">All other</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular, Inc.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">PIBI</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">PNA</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">subsidiaries and</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Elimination</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular, Inc.</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">eliminations</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">entries</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Consolidated</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>ASSETS</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Cash and due from banks </div></td> <td> </td> <td align="left">$</td> <td align="right">1,638</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">618</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,576</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">451,723</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(3,182</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">452,373</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Money market investments </div></td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">7,512</td> <td> </td> <td> </td> <td> </td> <td align="right">261</td> <td> </td> <td> </td> <td> </td> <td align="right">979,232</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(7,711</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">979,295</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Trading account securities, at fair value </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">546,713</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">546,713</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities available-for-sale, at fair value </div></td> <td> </td> <td> </td> <td align="right">35,263</td> <td> </td> <td> </td> <td> </td> <td align="right">3,863</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">5,216,013</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(18,287</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">5,236,852</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities held-to-maturity, at amortized cost </div></td> <td> </td> <td> </td> <td align="right">210,872</td> <td> </td> <td> </td> <td> </td> <td align="right">1,000</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">95,482</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(185,000</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">122,354</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other investment securities, at lower of cost or realizable value </div></td> <td> </td> <td> </td> <td align="right">10,850</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">4,492</td> <td> </td> <td> </td> <td> </td> <td align="right">148,170</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">163,513</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investment in subsidiaries </div></td> <td> </td> <td> </td> <td align="right">3,836,258</td> <td> </td> <td> </td> <td> </td> <td align="right">1,096,907</td> <td> </td> <td> </td> <td> </td> <td align="right">1,578,986</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6,512,151</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loans held-for-sale, at lower of cost or fair value </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">893,938</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">893,938</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loans held-in-portfolio: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loans not covered under loss sharing agreements with the FDIC </div></td> <td> </td> <td> </td> <td align="right">476,082</td> <td> </td> <td> </td> <td> </td> <td align="right">1,285</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">20,798,876</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(441,967</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">20,834,276</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loans covered under loss sharing agreements with the FDIC </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">4,836,882</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">4,836,882</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Less — Unearned income </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">106,241</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">106,241</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:60px; text-indent:-15px">Allowance for loan losses </div></td> <td> </td> <td> </td> <td align="right">60</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">793,165</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">793,225</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total loans held-in-portfolio, net </div></td> <td> </td> <td> </td> <td align="right">476,022</td> <td> </td> <td> </td> <td> </td> <td align="right">1,285</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">24,736,352</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(441,967</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">24,771,692</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">FDIC loss share indemnification asset </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,311,997</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,311,997</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Premises and equipment, net </div></td> <td> </td> <td> </td> <td align="right">2,830</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">122</td> <td> </td> <td> </td> <td> </td> <td align="right">542,501</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">545,453</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other real estate not covered under loss sharing agreements with the FDIC </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">161,496</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">161,496</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other real estate covered under loss sharing agreements with the FDIC </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">57,565</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">57,565</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accrued income receivable </div></td> <td> </td> <td> </td> <td align="right">1,510</td> <td> </td> <td> </td> <td> </td> <td align="right">33</td> <td> </td> <td> </td> <td> </td> <td align="right">111</td> <td> </td> <td> </td> <td> </td> <td align="right">149,101</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(97</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">150,658</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage servicing assets, at fair value </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">166,907</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">166,907</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other assets </div></td> <td> </td> <td> </td> <td align="right">246,209</td> <td> </td> <td> </td> <td> </td> <td align="right">86,116</td> <td> </td> <td> </td> <td> </td> <td align="right">15,105</td> <td> </td> <td> </td> <td> </td> <td align="right">1,134,056</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(25,413</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">1,456,073</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Goodwill </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">647,387</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">647,387</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other intangible assets </div></td> <td> </td> <td> </td> <td align="right">554</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">58,142</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">58,696</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total assets </div></td> <td> </td> <td align="left">$</td> <td align="right">4,822,007</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,197,335</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,600,653</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">38,296,775</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(7,193,808</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">38,722,962</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>LIABILITIES AND STOCKHOLDERS’ EQUITY</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><i>Liabilities:</i> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Deposits: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Non-interest bearing </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,961,417</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(22,096</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">4,939,321</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Interest bearing </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">21,830,669</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(7,790</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">21,822,879</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total deposits </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">26,792,086</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(29,886</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">26,762,200</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Federal funds purchased and assets sold under agreements to repurchase </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,412,550</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,412,550</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other short-term borrowings </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">32,500</td> <td> </td> <td> </td> <td> </td> <td align="right">743,922</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(412,200</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">364,222</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Notes payable </div></td> <td> </td> <td align="left">$</td> <td align="right">835,793</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">430,121</td> <td> </td> <td> </td> <td> </td> <td align="right">2,905,554</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,285</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">4,170,183</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Subordinated notes </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">185,000</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(185,000</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other liabilities </div></td> <td> </td> <td> </td> <td align="right">185,683</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,921</td> <td> </td> <td> </td> <td> </td> <td align="right">47,169</td> <td> </td> <td> </td> <td> </td> <td align="right">1,028,614</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(52,111</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">1,213,276</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total liabilities </div></td> <td> </td> <td> </td> <td align="right">1,021,476</td> <td> </td> <td> </td> <td> </td> <td align="right">3,921</td> <td> </td> <td> </td> <td> </td> <td align="right">509,790</td> <td> </td> <td> </td> <td> </td> <td align="right">34,067,726</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(680,482</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">34,922,431</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><i>Stockholders’ equity:</i> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Preferred stock </div></td> <td> </td> <td> </td> <td align="right">50,160</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">50,160</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Common stock </div></td> <td> </td> <td> </td> <td align="right">10,229</td> <td> </td> <td> </td> <td> </td> <td align="right">4,066</td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td> </td> <td> </td> <td align="right">51,633</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(55,701</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">10,229</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Surplus </div></td> <td> </td> <td> </td> <td align="right">4,085,478</td> <td> </td> <td> </td> <td> </td> <td align="right">4,158,157</td> <td> </td> <td> </td> <td> </td> <td align="right">4,066,208</td> <td> </td> <td> </td> <td> </td> <td align="right">5,862,091</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(14,077,929</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">4,094,005</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accumulated deficit </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(338,801</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,958,347</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,000,682</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,714,659</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">7,665,161</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(347,328</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Treasury stock, at cost </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(574</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(574</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accumulated other comprehensive (loss) income, net of tax </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5,961</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(10,462</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">25,335</td> <td> </td> <td> </td> <td> </td> <td align="right">29,984</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(44,857</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5,961</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total stockholders’ equity </div></td> <td> </td> <td> </td> <td align="right">3,800,531</td> <td> </td> <td> </td> <td> </td> <td align="right">1,193,414</td> <td> </td> <td> </td> <td> </td> <td align="right">1,090,863</td> <td> </td> <td> </td> <td> </td> <td align="right">4,229,049</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6,513,326</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">3,800,531</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total liabilities and stockholders’ equity </div></td> <td> </td> <td align="left">$</td> <td align="right">4,822,007</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,197,335</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,600,653</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">38,296,775</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(7,193,808</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">38,722,962</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">Condensed Consolidating Statement Of Condition (Unaudited) </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="22" style="border-bottom: 1px solid #000000">At March 31, 2010</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">All other</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular, Inc.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">PIBI</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">PNA</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">subsidiaries</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Elimination</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular, Inc.</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">and eliminations</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">entries</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Consolidated</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>ASSETS</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Cash and due from banks </div></td> <td> </td> <td align="left">$</td> <td align="right">796</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">736</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">592,482</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1,864</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">592,175</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Money market investments </div></td> <td> </td> <td> </td> <td align="right">51</td> <td> </td> <td> </td> <td> </td> <td align="right">348</td> <td> </td> <td> </td> <td> </td> <td align="right">219</td> <td> </td> <td> </td> <td> </td> <td align="right">1,004,654</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(519</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">1,004,753</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Trading account securities, at fair value </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">380,149</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">380,149</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities available-for-sale, at fair value </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">3,678</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">6,533,693</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,625</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">6,535,746</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities held-to-maturity, at amortized cost </div></td> <td> </td> <td> </td> <td align="right">395,783</td> <td> </td> <td> </td> <td> </td> <td align="right">1,250</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">182,563</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(370,000</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">209,596</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other investment securities, at lower of cost or realizable value </div></td> <td> </td> <td> </td> <td align="right">10,850</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">4,492</td> <td> </td> <td> </td> <td> </td> <td align="right">141,521</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">156,864</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investment in subsidiaries </div></td> <td> </td> <td> </td> <td align="right">2,988,199</td> <td> </td> <td> </td> <td> </td> <td align="right">693,198</td> <td> </td> <td> </td> <td> </td> <td align="right">1,130,907</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4,812,304</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loans held-for-sale, at lower of cost or fair value </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">106,412</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">106,412</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loans held-in-portfolio </div></td> <td> </td> <td> </td> <td align="right">77,187</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">23,180,571</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(68,160</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">23,189,598</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Less — Unearned income </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">111,299</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">111,299</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:60px; text-indent:-15px">Allowance for loan losses </div></td> <td> </td> <td> </td> <td align="right">60</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">1,276,976</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">1,277,036</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total loans held-in-portfolio, net </div></td> <td> </td> <td> </td> <td align="right">77,127</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">21,792,296</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(68,160</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">21,801,263</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Premises and equipment, net </div></td> <td> </td> <td> </td> <td align="right">2,874</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">125</td> <td> </td> <td> </td> <td> </td> <td align="right">576,452</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">579,451</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other real estate </div></td> <td> </td> <td> </td> <td align="right">74</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">134,813</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">134,887</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accrued income receivable </div></td> <td> </td> <td> </td> <td align="right">128</td> <td> </td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> <td> </td> <td> </td> <td align="right">31</td> <td> </td> <td> </td> <td> </td> <td align="right">131,094</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(17</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">131,243</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage servicing assets, at fair value </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">173,359</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">173,359</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other assets </div></td> <td> </td> <td> </td> <td align="right">35,328</td> <td> </td> <td> </td> <td> </td> <td align="right">79,585</td> <td> </td> <td> </td> <td> </td> <td align="right">18,317</td> <td> </td> <td> </td> <td> </td> <td align="right">1,293,165</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(45,967</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">1,380,428</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Goodwill </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">604,349</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">604,349</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other intangible assets </div></td> <td> </td> <td> </td> <td align="right">554</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">41,208</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">41,762</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total assets </div></td> <td> </td> <td align="left">$</td> <td align="right">3,511,764</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">778,092</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,154,827</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">33,688,210</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(5,300,456</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">33,832,437</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>LIABILITIES AND STOCKHOLDERS’ EQUITY</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><i>Liabilities:</i> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Deposits: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Non-interest bearing </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,478,119</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1,864</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">4,476,255</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Interest bearing </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">20,884,576</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(519</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">20,884,057</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total deposits </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">25,362,695</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,383</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">25,360,312</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Federal funds purchased and assets sold under agreements to repurchase </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,491,506</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,491,506</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Other short-term borrowings </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,100</td> <td> </td> <td> </td> <td> </td> <td align="right">82,323</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(68,160</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">23,263</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Notes payable </div></td> <td> </td> <td align="left">$</td> <td align="right">994,477</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">430,914</td> <td> </td> <td> </td> <td> </td> <td align="right">1,103,701</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,529,092</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Subordinated notes </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">370,000</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(370,000</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other liabilities </div></td> <td> </td> <td> </td> <td align="right">30,086</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">48</td> <td> </td> <td> </td> <td> </td> <td align="right">46,075</td> <td> </td> <td> </td> <td> </td> <td align="right">912,685</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(47,831</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">941,063</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total liabilities </div></td> <td> </td> <td> </td> <td align="right">1,024,563</td> <td> </td> <td> </td> <td> </td> <td align="right">48</td> <td> </td> <td> </td> <td> </td> <td align="right">486,089</td> <td> </td> <td> </td> <td> </td> <td align="right">30,322,910</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(488,374</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">31,345,236</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><i>Stockholders’ equity:</i> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Preferred stock </div></td> <td> </td> <td> </td> <td align="right">50,160</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">50,160</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Common stock </div></td> <td> </td> <td> </td> <td align="right">6,395</td> <td> </td> <td> </td> <td> </td> <td align="right">3,961</td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td> </td> <td> </td> <td align="right">52,322</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(56,285</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">6,395</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Surplus </div></td> <td> </td> <td> </td> <td align="right">2,797,328</td> <td> </td> <td> </td> <td> </td> <td align="right">3,497,438</td> <td> </td> <td> </td> <td> </td> <td align="right">3,381,208</td> <td> </td> <td> </td> <td> </td> <td align="right">4,697,181</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(11,568,917</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">2,804,238</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accumulated deficit </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(370,897</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,700,825</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,729,863</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,422,759</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">6,846,537</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(377,807</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Treasury stock, at cost </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(16</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(16</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accumulated other comprehensive income (loss), net of tax </div></td> <td> </td> <td> </td> <td align="right">4,231</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(22,530</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">17,391</td> <td> </td> <td> </td> <td> </td> <td align="right">38,556</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(33,417</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">4,231</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total stockholders’ equity </div></td> <td> </td> <td> </td> <td align="right">2,487,201</td> <td> </td> <td> </td> <td> </td> <td align="right">778,044</td> <td> </td> <td> </td> <td> </td> <td align="right">668,738</td> <td> </td> <td> </td> <td> </td> <td align="right">3,365,300</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4,812,082</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">2,487,201</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total liabilities and stockholders’ equity </div></td> <td> </td> <td align="left">$</td> <td align="right">3,511,764</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">778,092</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,154,827</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">33,688,210</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(5,300,456</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">33,832,437</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">Condensed Consolidating Statement of Operations (Unaudited) </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="22" style="border-bottom: 1px solid #000000">Quarter ended March 31, 2011</td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular, Inc.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">PIBI</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">PNA</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">All other subsidiaries</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Elimination</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular, Inc.</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">and eliminations</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">entries</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Consolidated</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">INTEREST INCOME: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loans </div></td> <td> </td> <td align="left">$</td> <td align="right">3,020</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">422,726</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(2,387</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">423,375</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Money market investments </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">16</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">969</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(39</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">947</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities </div></td> <td> </td> <td> </td> <td align="right">4,130</td> <td> </td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> <td> </td> <td> </td> <td align="right">81</td> <td> </td> <td> </td> <td> </td> <td align="right">51,379</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,222</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">52,375</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Trading account securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">8,754</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">8,754</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total interest </div></td> <td> </td> <td> </td> <td align="right">7,150</td> <td> </td> <td> </td> <td> </td> <td align="right">39</td> <td> </td> <td> </td> <td> </td> <td align="right">82</td> <td> </td> <td> </td> <td> </td> <td align="right">483,828</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5,648</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">485,451</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">INTEREST EXPENSE: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Deposits </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">77,040</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(161</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">76,879</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Short-term borrowings </div></td> <td> </td> <td> </td> <td align="right">22</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">314</td> <td> </td> <td> </td> <td> </td> <td align="right">15,556</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,877</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">14,015</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Long-term debt </div></td> <td> </td> <td> </td> <td align="right">25,548</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">7,600</td> <td> </td> <td> </td> <td> </td> <td align="right">20,978</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,928</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">51,198</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total interest expense </div></td> <td> </td> <td> </td> <td align="right">25,570</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">7,914</td> <td> </td> <td> </td> <td> </td> <td align="right">113,574</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4,966</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">142,092</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest (expense) income </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(18,420</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">39</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(7,832</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">370,254</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(682</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">343,359</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">75,319</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">75,319</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest (expense) income after provision for loan Losses </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(18,420</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">39</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(7,832</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">294,935</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(682</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">268,040</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Service charges on deposit accounts </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">45,630</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">45,630</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other service fees </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">62,040</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,388</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">58,652</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Trading account loss </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(499</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(499</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net gain on sale of loans, including valuation adjustments on loans held-for-sale </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">7,244</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">7,244</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Adjustments (expense) to indemnity reserves on loans sold </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(9,848</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(9,848</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">FDIC loss share income </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">16,035</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">16,035</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value change in equity appreciation instrument </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">7,745</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">7,745</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other operating income </div></td> <td> </td> <td> </td> <td align="right">18,185</td> <td> </td> <td> </td> <td> </td> <td align="right">19,944</td> <td> </td> <td> </td> <td> </td> <td align="right">1,696</td> <td> </td> <td> </td> <td> </td> <td align="right">12,875</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(13,291</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">39,409</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total non-interest income </div></td> <td> </td> <td> </td> <td align="right">18,185</td> <td> </td> <td> </td> <td> </td> <td align="right">19,944</td> <td> </td> <td> </td> <td> </td> <td align="right">1,696</td> <td> </td> <td> </td> <td> </td> <td align="right">141,222</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(16,679</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">164,368</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">OPERATING EXPENSES: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Personnel costs: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Salaries </div></td> <td> </td> <td> </td> <td align="right">5,904</td> <td> </td> <td> </td> <td> </td> <td align="right">69</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">78,638</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">84,611</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Pension and other benefits </div></td> <td> </td> <td> </td> <td align="right">952</td> <td> </td> <td> </td> <td> </td> <td align="right">15</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">20,562</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">21,529</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total personnel costs </div></td> <td> </td> <td> </td> <td align="right">6,856</td> <td> </td> <td> </td> <td> </td> <td align="right">84</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">99,200</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">106,140</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net occupancy expenses </div></td> <td> </td> <td> </td> <td align="right">806</td> <td> </td> <td> </td> <td> </td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">22,886</td> <td> </td> <td> </td> <td> </td> <td align="right">885</td> <td> </td> <td> </td> <td> </td> <td align="right">24,586</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Equipment expenses </div></td> <td> </td> <td> </td> <td align="right">772</td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">11,262</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">12,036</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other taxes </div></td> <td> </td> <td> </td> <td align="right">330</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">11,642</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">11,972</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Professional fees </div></td> <td> </td> <td> </td> <td align="right">2,826</td> <td> </td> <td> </td> <td> </td> <td align="right">25</td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td> </td> <td> </td> <td align="right">62,424</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(18,589</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">46,688</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Communications </div></td> <td> </td> <td> </td> <td align="right">122</td> <td> </td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right">7,078</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">7,210</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Business promotion </div></td> <td> </td> <td> </td> <td align="right">423</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">9,437</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">9,860</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Printing and supplies </div></td> <td> </td> <td> </td> <td align="right">20</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">1,203</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">1,223</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">FDIC deposit insurance </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">17,673</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">17,673</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loss on early extinguishment of debt </div></td> <td> </td> <td> </td> <td align="right">8,000</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">239</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">8,239</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other real estate owned (OREO) expenses </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,211</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,211</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other operating expenses </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(11,501</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">8,468</td> <td> </td> <td> </td> <td> </td> <td align="right">110</td> <td> </td> <td> </td> <td> </td> <td align="right">28,380</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(501</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">24,956</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Amortization of intangibles </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,255</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,255</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total operating expenses </div></td> <td> </td> <td> </td> <td align="right">8,654</td> <td> </td> <td> </td> <td> </td> <td align="right">8,592</td> <td> </td> <td> </td> <td> </td> <td align="right">118</td> <td> </td> <td> </td> <td> </td> <td align="right">275,890</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(18,205</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">275,049</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">(Loss) income before income tax and equity in earnings of subsidiaries </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8,889</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">11,391</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6,254</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">160,267</td> <td> </td> <td> </td> <td> </td> <td align="right">844</td> <td> </td> <td> </td> <td> </td> <td align="right">157,359</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Income tax expense (benefit) </div></td> <td> </td> <td> </td> <td align="right">2,026</td> <td> </td> <td> </td> <td> </td> <td align="right">3,462</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(264</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">141,699</td> <td> </td> <td> </td> <td> </td> <td align="right">304</td> <td> </td> <td> </td> <td> </td> <td align="right">147,227</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">(Loss) income before equity in earnings of subsidiaries </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(10,915</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">7,929</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5,990</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">18,568</td> <td> </td> <td> </td> <td> </td> <td align="right">540</td> <td> </td> <td> </td> <td> </td> <td align="right">10,132</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Equity in undistributed earnings of subsidiaries </div></td> <td> </td> <td> </td> <td align="right">21,047</td> <td> </td> <td> </td> <td> </td> <td align="right">16,665</td> <td> </td> <td> </td> <td> </td> <td align="right">21,399</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(59,111</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>NET INCOME</b> </div></td> <td> </td> <td align="left">$</td> <td align="right">10,132</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">24,594</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">15,409</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">18,568</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(58,571</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">10,132</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b>Condensed Consolidating Statement of Operations (Unaudited)</b> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="23" style="border-bottom: 1px solid #000000">Quarter ended March 31, 2010</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000">All other</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular, Inc.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">PIBI</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">PNA</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">subsidiaries</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Elimination</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular, Inc.</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">and eliminations</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">entries</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Consolidated</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>INTEREST AND DIVIDEND INCOME:</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Dividend income from subsidiaries </div></td> <td> </td> <td align="left">$</td> <td align="right">87,400</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,500</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($94,900</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Loans </div></td> <td> </td> <td> </td> <td align="right">943</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">354,508</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(802</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">354,649</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Money market investments </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">212</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">1,042</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(212</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">1,042</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Investment securities </div></td> <td> </td> <td> </td> <td align="right">7,166</td> <td> </td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">81</td> <td> </td> <td> </td> <td> </td> <td align="right">64,512</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6,842</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">64,926</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Trading account securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">6,578</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">6,578</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total interest and dividend income </div></td> <td> </td> <td> </td> <td align="right">95,509</td> <td> </td> <td> </td> <td> </td> <td align="right">7,721</td> <td> </td> <td> </td> <td> </td> <td align="right">81</td> <td> </td> <td> </td> <td> </td> <td align="right">426,640</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(102,756</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">427,195</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>INTEREST EXPENSE:</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Deposits </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">93,186</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(212</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">92,974</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Short-term borrowings </div></td> <td> </td> <td> </td> <td align="right">28</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">31</td> <td> </td> <td> </td> <td> </td> <td align="right">15,986</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(786</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">15,259</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Long-term debt </div></td> <td> </td> <td> </td> <td align="right">30,235</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">7,675</td> <td> </td> <td> </td> <td> </td> <td align="right">19,155</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(7,020</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">50,045</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total interest expense </div></td> <td> </td> <td> </td> <td align="right">30,263</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">7,706</td> <td> </td> <td> </td> <td> </td> <td align="right">128,327</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8,018</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">158,278</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income (expense) </div></td> <td> </td> <td> </td> <td align="right">65,246</td> <td> </td> <td> </td> <td> </td> <td align="right">7,721</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(7,625</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">298,313</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(94,738</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">268,917</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">240,200</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">240,200</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income (expense) after provision for loan losses </div></td> <td> </td> <td> </td> <td align="right">65,246</td> <td> </td> <td> </td> <td> </td> <td align="right">7,721</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(7,625</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">58,113</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(94,738</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">28,717</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Service charges on deposit accounts </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">50,578</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">50,578</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other service fees </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">101,878</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(558</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">101,320</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net gain on sale and valuation adjustments of investment securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">81</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">81</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Trading account loss </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(223</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(223</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net gain on sale of loans, including valuation adjustments on loans held-for-sale </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">5,068</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">5,068</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Adjustments (expense) to indemnity reserves on loans sold </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(17,290</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(17,290</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other operating income (loss) </div></td> <td> </td> <td> </td> <td align="right">1,909</td> <td> </td> <td> </td> <td> </td> <td align="right">6,564</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,226</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">11,233</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(148</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">18,332</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total non-interest income (loss) </div></td> <td> </td> <td> </td> <td align="right">1,909</td> <td> </td> <td> </td> <td> </td> <td align="right">6,564</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,226</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">151,325</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(706</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">157,866</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>OPERATING EXPENSES:</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Personnel costs: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Salaries </div></td> <td> </td> <td> </td> <td align="right">5,434</td> <td> </td> <td> </td> <td> </td> <td align="right">86</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">90,424</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(71</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">95,873</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Pension and other benefits </div></td> <td> </td> <td> </td> <td align="right">753</td> <td> </td> <td> </td> <td> </td> <td align="right">13</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">24,311</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(18</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">25,059</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total personnel costs </div></td> <td> </td> <td> </td> <td align="right">6,187</td> <td> </td> <td> </td> <td> </td> <td align="right">99</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">114,735</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(89</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">120,932</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net occupancy expenses </div></td> <td> </td> <td> </td> <td align="right">650</td> <td> </td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">28,218</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">28,876</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Equipment expenses </div></td> <td> </td> <td> </td> <td align="right">700</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">22,753</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">23,453</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other taxes </div></td> <td> </td> <td> </td> <td align="right">367</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">11,937</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">12,304</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Professional fees </div></td> <td> </td> <td> </td> <td align="right">3,369</td> <td> </td> <td> </td> <td> </td> <td align="right">4</td> <td> </td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">24,290</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(617</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">27,049</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Communications </div></td> <td> </td> <td> </td> <td align="right">121</td> <td> </td> <td> </td> <td> </td> <td align="right">6</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">10,645</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">10,772</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Business promotion </div></td> <td> </td> <td> </td> <td align="right">173</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">8,122</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">8,295</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Printing and supplies </div></td> <td> </td> <td> </td> <td align="right">17</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,352</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,369</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">FDIC deposit insurance </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">15,318</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">15,318</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loss on early extinguishment of debt </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">548</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">548</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other real estate owned (OREO) expense </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">4,703</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">4,703</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other operating expenses </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(10,933</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(100</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">108</td> <td> </td> <td> </td> <td> </td> <td align="right">35,692</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(522</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">24,245</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Amortization of intangibles </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,049</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,049</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total operating expenses </div></td> <td> </td> <td> </td> <td align="right">651</td> <td> </td> <td> </td> <td> </td> <td align="right">16</td> <td> </td> <td> </td> <td> </td> <td align="right">112</td> <td> </td> <td> </td> <td> </td> <td align="right">281,362</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,228</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">280,913</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Income (loss) before income tax and equity in losses of subsidiaries </div></td> <td> </td> <td> </td> <td align="right">66,504</td> <td> </td> <td> </td> <td> </td> <td align="right">14,269</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8,963</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(71,924</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(94,216</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(94,330</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Income tax (benefit) expense </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(23</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">10</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(9,477</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">215</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(9,275</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Income (loss) before equity in losses of subsidiaries </div></td> <td> </td> <td> </td> <td align="right">66,527</td> <td> </td> <td> </td> <td> </td> <td align="right">14,259</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8,963</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(62,447</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(94,431</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(85,055</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Equity in undistributed losses of subsidiaries </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(151,582</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(109,382</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(93,381</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">354,345</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>NET LOSS</b> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($85,055</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($95,123</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($102,344</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($62,447</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">259,914</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($85,055</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b>Condensed Consolidating Statement Of Cash Flows (Unaudited)</b> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="23" style="border-bottom: 1px solid #000000">Quarter ended March 31, 2011</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">All other</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular, Inc.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">PIBI</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">PNA</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">subsidiaries</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Elimination</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular, Inc.</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">and eliminations</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">entries</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Consolidated</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Cash flows from operating activities:</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net income </div></td> <td> </td> <td align="left">$</td> <td align="right">10,132</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">24,594</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">15,409</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">18,568</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($58,571</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">10,132</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Adjustments to reconcile net income to net cash used in operating activities: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Equity in undistributed earnings of subsidiaries </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(21,047</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(16,665</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(21,399</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">59,111</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Depreciation and amortization of premises and equipment </div></td> <td> </td> <td> </td> <td align="right">196</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">11,863</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">12,060</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">75,319</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">75,319</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Amortization of intangibles </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,255</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,255</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Impairment losses on net assets to be disposed of </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">8,564</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">8,564</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value adjustment of mortgage servicing rights </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">6,171</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">6,171</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net amortization of premiums and deferred fees (accretion of discounts) </div></td> <td> </td> <td> </td> <td align="right">5,885</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">69</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(94,119</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(162</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(88,327</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value change in equity appreciation instrument </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(7,745</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(7,745</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">FDIC loss share income </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(13,621</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(13,621</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">FDIC deposit insurance expense </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">17,673</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">17,673</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net gain on disposition of premises and equipment </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,412</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,412</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net loss on sale of loans and valuation adjustments on loans held-for-sale </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,604</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,604</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Gain on sale of equity method investment </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5,308</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(11,358</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(16,666</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Earnings from investments under the equity method </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(11,881</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6,540</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,695</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">13,290</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6,826</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net disbursements on loans held-for-sale </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(184,641</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(184,641</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Acquisitions of loans held-for-sale </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(90,780</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(90,780</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Proceeds from sale of loans held-for-sale </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">45,448</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">45,448</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net decrease in trading securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">206,222</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">206,222</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net (increase) decrease in accrued income receivable </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(838</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(15</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">80</td> <td> </td> <td> </td> <td> </td> <td align="right">3,770</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(9</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">2,988</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net (increase) decrease in other assets </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(251</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">397</td> <td> </td> <td> </td> <td> </td> <td align="right">1,131</td> <td> </td> <td> </td> <td> </td> <td align="right">5,505</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(10,801</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4,019</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net (decrease) increase in interest payable </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,467</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,003</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,955</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4,410</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Deferred income taxes </div></td> <td> </td> <td> </td> <td align="right">3,100</td> <td> </td> <td> </td> <td> </td> <td align="right">37</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">137,474</td> <td> </td> <td> </td> <td> </td> <td align="right">304</td> <td> </td> <td> </td> <td> </td> <td align="right">140,915</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net decrease in pension and other postretirement benefit obligation </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(123,957</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(123,957</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net (decrease) increase in other liabilities </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(15,200</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">203</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,338</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(23,946</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">3,078</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(38,203</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total adjustments </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(48,811</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(25,377</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(22,148</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(28,872</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">64,820</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(60,388</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net cash used in operating activities </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(38,679</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(783</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6,739</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(10,304</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">6,249</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(50,256</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Cash flows from investing activities:</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net decrease (increase) in money market investments </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">246</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,062</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">17,734</td> <td> </td> <td> </td> <td> </td> <td align="right">812</td> <td> </td> <td> </td> <td> </td> <td align="right">17,730</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Purchases of investment securities: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Available-for-sale </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(752,479</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(752,479</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Held-to-maturity </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(24,734</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(27,264</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(51,998</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(38,305</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(38,305</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Proceeds from calls, paydowns, maturities and redemptions of investment securities: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Available-for-sale </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">278,274</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">278,274</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Held-to-maturity </div></td> <td> </td> <td> </td> <td align="right">25,879</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">1,456</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">27,335</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">27,050</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">27,050</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net repayments on loans </div></td> <td> </td> <td> </td> <td align="right">145,874</td> <td> </td> <td> </td> <td> </td> <td align="right">193</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">427,082</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(145,527</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">427,622</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Proceeds from sale of loans </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">200,387</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">200,387</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Acquisition of loan portfolios </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(348,226</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(348,226</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net proceeds from sale of equity method investment </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(10,755</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">41,823</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">31,068</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Mortgage servicing rights purchased </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(383</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(383</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Acquisition of premises and equipment </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(185</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(18,414</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(18,599</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Proceeds from sale of premises and equipment </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">7,763</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">7,763</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Proceeds from sale of foreclosed assets </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">44,648</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">44,648</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net cash provided by (used in) investing activities </div></td> <td> </td> <td> </td> <td align="right">136,079</td> <td> </td> <td> </td> <td> </td> <td align="right">42,262</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,062</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(180,677</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(144,715</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(148,113</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Cash flows from financing activities:</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net increase in deposits </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">480,386</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(46,881</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">433,505</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net increase in assets sold under agreements to repurchase </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">230,250</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">230,250</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net increase (decrease) in other short-term borrowings </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">9,900</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(229,020</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">145,200</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(73,920</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Payments of notes payable and subordinated notes </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(100,000</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,000</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(519,568</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(622,568</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Proceeds from issuance of notes payable </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">242,000</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">242,000</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Proceeds from issuance of common stock </div></td> <td> </td> <td> </td> <td align="right">2,247</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,247</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Dividends paid </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(930</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(930</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Treasury stock acquired </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(33</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(33</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Return of capital </div></td> <td> </td> <td> </td> <td align="right">1,514</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,514</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net cash (used in) provided by financing activities </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(97,202</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,514</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">6,900</td> <td> </td> <td> </td> <td> </td> <td align="right">204,048</td> <td> </td> <td> </td> <td> </td> <td align="right">98,319</td> <td> </td> <td> </td> <td> </td> <td align="right">210,551</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net increase (decrease) in cash and due from banks </div></td> <td> </td> <td> </td> <td align="right">198</td> <td> </td> <td> </td> <td> </td> <td align="right">39,965</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(901</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">13,067</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(40,147</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">12,182</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Cash and due from banks at beginning of period </div></td> <td> </td> <td> </td> <td align="right">1,638</td> <td> </td> <td> </td> <td> </td> <td align="right">618</td> <td> </td> <td> </td> <td> </td> <td align="right">1,576</td> <td> </td> <td> </td> <td> </td> <td align="right">451,723</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,182</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">452,373</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Cash and due from banks at end of period </div></td> <td> </td> <td align="left">$</td> <td align="right">1,836</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">40,583</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">675</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">464,790</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($43,329</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">464,555</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b>Condensed Consolidating Statement Of Cash Flows (Unaudited)</b> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="top"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="center" colspan="23" style="border-bottom: 1px solid #000000">Quarter ended March 31, 2010</td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">All other</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular, Inc.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">PIBI</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">PNA</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">subsidiaries</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Elimination</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Popular, Inc.</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">(In thousands)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Holding Co.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">and eliminations</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">entries</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Consolidated</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Cash flows from operating activities:</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Net loss </div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(85,055</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(95,123</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(102,344</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(62,447</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">259,914</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(85,055</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Adjustments to reconcile net loss to net cash provided by (used in) operating activities: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Equity in undistributed losses of subsidiaries </div></td> <td> </td> <td> </td> <td align="right">151,582</td> <td> </td> <td> </td> <td> </td> <td align="right">109,381</td> <td> </td> <td> </td> <td> </td> <td align="right">93,380</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(354,343</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Depreciation and amortization of premises and equipment </div></td> <td> </td> <td> </td> <td align="right">192</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">15,198</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">15,391</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">240,200</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">240,200</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Amortization of intangibles </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,049</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,049</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Fair value adjustment of mortgage servicing rights </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">470</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">470</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Net amortization of premiums and deferred fees (accretion of discounts) </div></td> <td> </td> <td> </td> <td align="right">5,008</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">69</td> <td> </td> <td> </td> <td> </td> <td align="right">8,051</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(162</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">12,966</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Net gain on sale and valuation adjustment of investment securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(81</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(81</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">FDIC deposit insurance expense </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">15,318</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">15,318</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Net loss (gain) on disposition of premises and equipment </div></td> <td> </td> <td> </td> <td align="right">28</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,673</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,645</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Net loss on sale of loans and valuation adjustments on loans held-for-sale </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">12,222</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">12,222</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">(Earnings) losses from investments under the equity method </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,909</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6,563</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">1,226</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(49</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(421</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(7,716</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Stock options expense </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Deferred income taxes, net of valuation </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(23</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(20,359</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">214</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(20,168</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Net disbursements on loans held-for-sale </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(166,868</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(166,868</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Acquisitions of loans held-for-sale </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(59,436</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(59,436</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Proceeds from sale of loans held-for-sale </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">21,654</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">21,654</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Net decrease in trading securities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">221,975</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">221,975</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Net (increase) decrease in accrued income receivable </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">120</td> <td> </td> <td> </td> <td> </td> <td align="right">101</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5,238</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(138</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5,163</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Net decrease (increase) in other assets </div></td> <td> </td> <td> </td> <td align="right">432</td> <td> </td> <td> </td> <td> </td> <td align="right">6</td> <td> </td> <td> </td> <td> </td> <td align="right">1,620</td> <td> </td> <td> </td> <td> </td> <td align="right">(9,719</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,065</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">(9,726</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Net (decrease) increase in interest payable </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,708</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">2,073</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(15,860</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">138</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(16,357</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Net increase in postretirement benefit obligation </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">1,097</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">1,097</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Net (decrease) increase in other liabilities </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(951</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">8</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,547</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5,515</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">2,022</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5,983</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Total adjustments </div></td> <td> </td> <td> </td> <td align="right">151,643</td> <td> </td> <td> </td> <td> </td> <td align="right">102,952</td> <td> </td> <td> </td> <td> </td> <td align="right">96,923</td> <td> </td> <td> </td> <td> </td> <td align="right">253,436</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(354,755</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">250,199</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net cash provided by (used in) operating activities </div></td> <td> </td> <td> </td> <td align="right">66,588</td> <td> </td> <td> </td> <td> </td> <td align="right">7,829</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5,421</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">190,989</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(94,841</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">165,144</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Cash flows from investing activities:</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Net decrease (increase) in money market investments </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">55,796</td> <td> </td> <td> </td> <td> </td> <td align="right">19</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,975</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(55,819</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,979</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Purchases of investment securities: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:60px; text-indent:-15px">Available-for-sale </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(208,004</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(208,004</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:60px; text-indent:-15px">Held-to-maturity </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(25,783</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6,061</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(31,844</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:60px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8,191</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8,191</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Proceeds from calls, paydowns, maturities and redemptions of investment securities: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:60px; text-indent:-15px">Available-for-sale </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">373,676</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">373,676</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:60px; text-indent:-15px">Held-to-maturity </div></td> <td> </td> <td> </td> <td align="right">85,783</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">9,446</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(60,000</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">35,229</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:60px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">15,476</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">15,476</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Net repayments on loans </div></td> <td> </td> <td> </td> <td align="right">32,446</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">424,953</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(58,665</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">398,734</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Proceeds from sale of loans </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">6,398</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">6,398</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Acquisition of loan portfolios </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(39,611</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(39,611</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Capital contribution to subsidiary </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(60,000</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(60,000</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(60,000</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">180,000</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Mortgage servicing rights purchased </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(182</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(182</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Acquisition of premises and equipment </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(269</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(14,780</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(15,049</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Proceeds from sale of premises and equipment </div></td> <td> </td> <td> </td> <td align="right">83</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">6,624</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">6,707</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Proceeds from sale of foreclosed assets </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">32,905</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">32,905</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net cash provided by (used in) investing activities </div></td> <td> </td> <td> </td> <td align="right">32,260</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4,204</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(59,981</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">590,674</td> <td> </td> <td> </td> <td> </td> <td align="right">5,516</td> <td> </td> <td> </td> <td> </td> <td align="right">564,265</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Cash flows from financing activities:</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Net decrease in deposits </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(620,976</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">56,384</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(564,592</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Net decrease in assets sold under agreements to repurchase </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(141,284</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(141,284</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Net (decrease) increase in other short-term borrowings </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(24,225</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">8,400</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(24,903</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">56,665</td> <td> </td> <td> </td> <td> </td> <td align="right">15,937</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Payments of notes payable and subordinated notes </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(75,000</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,000</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(108,624</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">62,000</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(124,624</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Proceeds from issuance of notes payable </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Dividends paid to parent company </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(63,900</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(31,000</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">94,900</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Treasury stock acquired </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Capital contribution from parent </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">60,000</td> <td> </td> <td> </td> <td> </td> <td align="right">60,000</td> <td> </td> <td> </td> <td> </td> <td align="right">60,000</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(180,000</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net cash (used in) provided by financing activities </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(99,226</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,900</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">65,400</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(866,787</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">89,949</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(814,564</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net decrease in cash and due from banks </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(378</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(275</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(85,124</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">624</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(85,155</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Cash and due from banks at beginning of period </div></td> <td> </td> <td> </td> <td align="right">1,174</td> <td> </td> <td> </td> <td> </td> <td align="right">300</td> <td> </td> <td> </td> <td> </td> <td align="right">738</td> <td> </td> <td> </td> <td> </td> <td align="right">677,606</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,488</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">677,330</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Cash and due from banks at end of period </div></td> <td> </td> <td align="left">$</td> <td align="right">796</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">736</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">592,482</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($1,864</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">592,175</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> </div>

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Issuance of 46,000,000 in depositary shares; converted into 383,333,333 common shares (full conversion of depositary shares, each representing a 1/40th interest in shares of contingent convertible perpetual non-cumulative preferred stock).