Other Real Estate Owned (Tables)

12 Months Ended

Dec. 31, 2015

Other Real Estate

Other Real Estate Owned Roll Forward [Table Text Block]

		For the year ended December 31, 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		(13,356)		(8,567)		(20,350)		(3,891)		(46,164)
Additions		17,671		86,040		9,661		25,019		138,391
Sales		(25,065)		(53,782)		(59,749)		(25,990)		(164,586)
Other adjustments		(266)		(540)		(452)		(233)		(1,491)
Transfer to non-covered status[1]		14,504		3,092		(14,504)		(3,092)		-
Ending balance	$	32,471	$	122,760	$	-	$	36,685	$	191,916
[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 year ended December 31, 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		(7,112)		(3,628)		(26,657)		(4,969)		(42,366)
Additions		16,200		65,300		55,582		21,769		158,851
Sales		(20,042)		(49,618)		(59,219)		(19,028)		(147,907)
Other adjustments		1,288		(2,389)		(4,527)		(692)		(6,320)
Ending balance	$	38,983	$	96,517	$	85,394	$	44,872	$	265,766

		For the year ended December 31, 2013
		Non-covered		Non-covered		Covered		Covered
		OREO		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Commercial/ Construction		Mortgage		Total
Balance at beginning of period	$	135,862	$	130,982	$	99,398	$	39,660	$	405,902
Write-downs in value		(11,377)		(9,525)		(18,857)		(4,102)		(43,861)
Additions		32,175		82,985		87,800		30,037		232,997
Sales		(108,254)		(118,596)		(48,447)		(17,720)		(293,017)
Other adjustments		243		1,006		321		(83)		1,487
Ending balance	$	48,649	$	86,852	$	120,215	$	47,792	$	303,508