Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 2015

Other Real Estate Owned Roll Forward [Table Text Block]

		For the quarter ended June 30, 2015
		Non-covered		Non-covered		Covered		Covered
		OREO		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Commercial/ Construction		Mortgage		Total
Balance at beginning of period	$	25,608	$	102,562	$	70,573	$	42,984	$	241,727
Write-downs in value		(4,162)		(2,463)		(10,955)		(1,393)		(18,973)
Additions		2,793		18,532		5,623		8,879		35,827
Sales		(4,868)		(14,243)		(50,285)		(13,806)		(83,202)
Other adjustments		850		50		(452)		(68)		380
Transfer to non-covered status[1]		14,504		3,092		(14,504)		(3,092)		-
Ending balance	$	34,725	$	107,530	$	-	$	33,504	$	175,759
[1] Represents the reclassification of OREOs to the non-covered category, pursuant to the expiration of the commercial and consumer shared loss arrangement with the FDIC related to loans acquired from Westernbank, on June 30, 2015.

		For the six months ended June 30, 2015
		Non-covered		Non-covered		Covered		Covered
		OREO		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Commercial/ Construction		Mortgage		Total
Balance at beginning of period	$	38,983	$	96,517	$	85,394	$	44,872	$	265,766
Write-downs in value		(10,049)		(3,835)		(20,350)		(2,675)		(36,909)
Additions		4,828		39,607		9,661		14,260		68,356
Sales		(14,295)		(27,329)		(59,749)		(19,628)		(121,001)
Other adjustments		754		(522)		(452)		(233)		(453)
Transfer to non-covered status[1]		14,504		3,092		(14,504)		(3,092)		-
Ending balance	$	34,725	$	107,530	$	-	$	33,504	$	175,759
[1] Represents the reclassification of OREOs to the non-covered category, pursuant to the expiration of the commercial and consumer shared loss arrangement with the FDIC related to loans acquired from Westernbank, on June 30, 2015.

		For the quarter ended June 30, 2014
		Non-covered		Non-covered		Covered		Covered
		OREO		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Commercial/ Construction		Mortgage		Total
Balance at beginning of period	$	48,141	$	88,824	$	110,333	$	48,414	$	295,712
Write-downs in value		(571)		(439)		(6,635)		(940)		(8,585)
Additions		6,303		15,400		22,260		4,103		48,066
Sales		(5,372)		(12,203)		(14,792)		(3,777)		(36,144)
Other adjustments		1,286		(1,949)		(3,261)		100		(3,824)
Ending balance	$	49,787	$	89,633	$	107,905	$	47,900	$	295,225

		For the six months ended June 30, 2014
		Non-covered		Non-covered		Covered		Covered
		OREO		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Commercial/ Construction		Mortgage		Total
Balance at beginning of period	$	48,649	$	86,852	$	120,215	$	47,792	$	303,508
Write-downs in value		(785)		(1,108)		(11,198)		(1,147)		(14,238)
Additions		10,971		30,283		35,454		8,594		85,302
Sales		(10,334)		(24,266)		(33,213)		(6,154)		(73,967)
Other adjustments		1,286		(2,128)		(3,353)		(1,185)		(5,380)
Ending balance	$	49,787	$	89,633	$	107,905	$	47,900	$	295,225