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Income taxes (Tables) | 9 Months Ended
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Sep. 30, 2018
Schedule Of Deferred Tax Assets And Liabilities Table Text Block |
|  |  | September 30, 2018
(In thousands) |  | PR |  | US |  | Total
Deferred tax assets: |  |  |  |  |  |
Tax credits available for carryforward | $ | 16,500 | $ | 7,859 | $ | 24,359
Net operating loss and other carryforward available |  | 114,193 |  | 734,822 |  | 849,015
Postretirement and pension benefits |  | 81,525 |  | - |  | 81,525
Deferred loan origination fees |  | 3,258 |  | (996) |  | 2,262
Allowance for loan losses |  | 569,336 |  | 21,922 |  | 591,258
Deferred gains |  | - |  | 2,653 |  | 2,653
Accelerated depreciation |  | 1,300 |  | 7,076 |  | 8,376
FDIC-assisted transaction |  | 105,249 |  | - |  | 105,249
Intercompany deferred (loss) gains |  | 1,284 |  | - |  | 1,284
Difference in outside basis from pass-through entities |  | 25,495 |  | - |  | 25,495
Other temporary differences |  | 28,387 |  | 7,513 |  | 35,900
| Total gross deferred tax assets |  | 946,527 |  | 780,849 |  | 1,727,376
Deferred tax liabilities: |  |  |  |  |  |
Indefinite-lived intangibles |  | 34,579 |  | 39,419 |  | 73,998
Unrealized net gain (loss) on trading and available-for-sale securities |  | 11,609 |  | (18,615) |  | (7,006)
Other temporary differences |  | 11,302 |  | 845 |  | 12,147
| Total gross deferred tax liabilities |  | 57,490 |  | 21,649 |  | 79,139
Valuation allowance |  | 84,282 |  | 421,162 |  | 505,444
Net deferred tax asset | $ | 804,755 | $ | 338,038 | $ | 1,142,793
|  |  | December 31, 2017
(In thousands) |  | PR |  | US |  | Total
Deferred tax assets: |  |  |  |  |  |
Tax credits available for carryforward | $ | 16,069 | $ | 7,979 | $ | 24,048
Net operating loss and other carryforward available |  | 115,512 |  | 708,158 |  | 823,670
Postretirement and pension benefits |  | 85,488 |  | - |  | 85,488
Deferred loan origination fees |  | 3,669 |  | 958 |  | 4,627
Allowance for loan losses |  | 603,462 |  | 20,708 |  | 624,170
Deferred gains |  | - |  | 2,670 |  | 2,670
Accelerated depreciation |  | 1,300 |  | 7,083 |  | 8,383
Intercompany deferred (loss) gains |  | 224 |  | - |  | 224
Difference in outside basis from pass-through entities |  | 30,424 |  | - |  | 30,424
Other temporary differences |  | 25,084 |  | 6,901 |  | 31,985
| Total gross deferred tax assets |  | 881,232 |  | 754,457 |  | 1,635,689
Deferred tax liabilities: |  |  |  |  |  |
FDIC-assisted transaction |  | 60,402 |  | - |  | 60,402
Indefinite-lived intangibles |  | 31,973 |  | 33,009 |  | 64,982
Unrealized net gain (loss) on trading and available-for-sale securities |  | 26,364 |  | (7,961) |  | 18,403
Other temporary differences |  | 9,876 |  | 386 |  | 10,262
| Total gross deferred tax liabilities |  | 128,615 |  | 25,434 |  | 154,049
Valuation allowance |  | 67,263 |  | 380,561 |  | 447,824
Net deferred tax asset | $ | 685,354 | $ | 348,462 | $ | 1,033,816
Summary Of Income Tax Contingencies Text Block |
(In millions) |  | 2018 |  |  | 2017
Balance at January 1 | $ | 7.3 |  | $ | 7.4
Additions for tax positions - January through March |  | 0.2 |  |  | 0.2
Balance at March 31 | $ | 7.5 |  | $ | 7.6
Additions for tax positions - April through June |  | 0.3 |  |  | 0.3
Reduction as a result of settlements - April through June |  | - |  |  | (0.3)
Balance at June 30 | $ | 7.8 |  | $ | 7.6
Additions for tax positions - July through September |  | 0.3 |  |  | 0.3
Reduction as a result of lapse of statute of limitations - July through September |  | (1.2) |  |  | (0.9)
Balance at September 30 | $ | 6.9 |  | $ | 7.0
PUERTO RICO |
Schedule Of Effective Income Tax Rate Reconciliation Table Text Block |
|  | Quarters ended |
|  | September 30, 2018 |  |  |  | September 30, 2017 |
(In thousands) |  | Amount | % of pre-tax income |  |  |  | Amount | % of pre-tax income |
Computed income tax expense at statutory rates | $ | 71,240 | 39 | % |  | $ | 272 | 39 | %
Net benefit of tax exempt interest income |  | (24,941) | (14) |  |  |  | (19,563) | (2,803) |
Deferred tax asset valuation allowance |  | 5,606 | 3 |  |  |  | 5,142 | 737 |
Difference in tax rates due to multiple jurisdictions |  | (5,203) | (3) |  |  |  | 189 | 27 |
Effect of income subject to preferential tax rate |  | (2,031) | (1) |  |  |  | (3,313) | (475) |
Unrecognized tax benefits |  | (1,621) | (1) |  |  |  | (1,185) | (170) |
State and local taxes |  | 3,115 | 2 |  |  |  | (64) | (9) |
Others |  | (4,147) | (2) |  |  |  | (1,444) | (207) |
Income tax (benefit) expense | $ | 42,018 | 23 | % |  | $ | (19,966) | (2,861) | %
|  | Nine months ended |
|  | September 30, 2018 |  |  |  | September 30, 2017 |
(In thousands) |  | Amount | % of pre-tax income |  |  |  | Amount | % of pre-tax income |
Computed income tax expense at statutory rates | $ | 213,474 | 39 | % |  | $ | 100,857 | 39 | %
Net benefit of tax exempt interest income |  | (70,341) | (13) |  |  |  | (56,408) | (22) |
Deferred tax asset valuation allowance |  | 17,018 | 3 |  |  |  | 15,262 | 6 |
Difference in tax rates due to multiple jurisdictions |  | (10,400) | (2) |  |  |  | (1,601) | (1) |
Effect of income subject to preferential tax rate[1] |  | (108,087) | (20) |  |  |  | (9,825) | (4) |
Unrecognized tax benefits |  | (1,621) | - |  |  |  | (1,185) | - |
State and local taxes |  | 6,196 | 1 |  |  |  | 2,800 | 1 |
Others |  | (10,626) | (2) |  |  |  | (1,128) | - |
Income tax (benefit) expense | $ | 35,613 | 6 | % |  | $ | 48,772 | 19 | %
[1] For the nine months ended September 30, 2018, includes the impact of the Tax Closing Agreement entered into in connection with the Westernbank FDIC-assisted Transaction.

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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