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FAIR VALUE (Tables) | 12 Months Ended
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Dec. 31, 2017
Assets and Liabilities Measured at Fair Value on Recurring Basis [Table Text Block] |
Assets and liabilities measured at fair value on a recurring basis are summarized below:
| As of December 31, 2017 |  | As of December 31, 2016
| Fair Value Measurements Using |  | Fair Value Measurements Using
(In thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Assets/Liabilities at Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Assets/Liabilities at Fair Value
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities | $ | 418 |  | $ | - |  | $ | - |  | $ | 418 |  | $ | 408 |  | $ | - |  | $ | - |  | $ | 408
U.S. Treasury Securities |  | 7,401 |  |  | - |  |  | - |  |  | 7,401 |  |  | 7,509 |  |  | - |  |  | - |  |  | 7,509
Noncallable U.S. agency debt |  | - |  |  | 361,971 |  |  | - |  |  | 361,971 |  |  | - |  |  | 356,919 |  |  | - |  |  | 356,919
Callable U.S. agency debt and MBS |  | - |  |  | 1,497,253 |  |  | - |  |  | 1,497,253 |  |  | - |  |  | 1,469,463 |  |  | - |  |  | 1,469,463
Puerto Rico government obligations |  | - |  |  | 4,118 |  |  | 2,695 |  |  | 6,813 |  |  | - |  |  | 24,707 |  |  | 2,121 |  |  | 26,828
Private label MBS |  | - |  |  | - |  |  | 17,060 |  |  | 17,060 |  |  | - |  |  | - |  |  | 20,693 |  |  | 20,693
Other investments |  | - |  |  | - |  |  | 100 |  |  | 100 |  |  | - |  |  | - |  |  | 100 |  |  | 100
Derivatives, included in assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchased interest rate cap agreements |  | - |  |  | 305 |  |  | - |  |  | 305 |  |  | - |  |  | 554 |  |  | - |  |  | 554
Forward contracts |  | - |  |  | 7 |  |  | - |  |  | 7 |  |  | - |  |  | - |  |  | - |  |  | -
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives, included in liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written interest rate cap agreement |  | - |  |  | 305 |  |  | - |  |  | 305 |  |  | - |  |  | 552 |  |  | - |  |  | 552
Forward contracts |  | - |  |  | 19 |  |  | - |  |  | 19 |  |  | - |  |  | 201 |  |  | - |  |  | 201
Schedule of Changes in Fair Value [Table Text Block] |
| The table below presents a reconciliation of the beginning and ending balances of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended December 31, 2017, 2016, and 2015:
|  | 2017 |  | 2016 |  | 2015
| Level 3 Instruments Only | Securities Available for Sale (1) |  | Securities Available for Sale (1) |  | Securities Available for Sale (1)
| (In thousands) |  |  |  |  |  |  |  |
| Beginning balance | $ | 22,914 |  | $ | 27,297 |  | $ | 36,212
| Total gain (losses) (realized/unrealized): |  |  |  |  |  |  |  |
| Included in earnings |  | - |  |  | (387) |  |  | (628)
| Included in other comprehensive income |  | 2,777 |  |  | 1,586 |  |  | 1,623
| Purchases |  | - |  |  | - |  |  | 100
| Principal repayments and amortization |  | (5,836) |  |  | (5,582) |  |  | (10,010)
| Ending balance | $ | 19,855 |  | $ | 22,914 |  | $ | 27,297
| ___________________ |  |  |  |  |  |  |  |
(1) | Amounts mostly related to private label mortgage-backed securities.
Impairment or Valuation Adjustments were Recorded for Assets Recognized at Fair Value [Table Text Block] |
|  | Carrying value as of December 31, 2017 |  | (Losses) recorded for the Year Ended December 31, 2017
|  | Level 1 |  | Level 2 |  | Level 3 |  |  |
| (In thousands) |  |  |  |  |  |  |  |  |  |  |
| Loans receivable (1) | $ | - |  | $ | - |  | $ | 410,428 |  | $ | (39,493)
| OREO (2) |  | - |  |  | - |  |  | 147,940 |  |  | (8,511)
| Mortgage servicing rights (3) |  | - |  |  | - |  |  | 25,255 |  |  | (1,611)
(1) | Consists mainly of impaired commercial and construction loans. The impairments were generally measured based on the fair value of the underlying collateral. The fair values were derived from external appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g., absorption rates), which are not market observable.
(2) | The fair values were derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g., absorption rates and net operating income of income producing properties), which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio.
(3) | Fair value adjustments to mortgage servicing rights were mainly due to assumptions associated with mortgage prepayment rates. The Corporation carries its mortgage servicing rights at the lower of cost or market, measured at fair value on a non-recurring basis. Assumptions for the value of mortgage servicing rights include: Prepayment rate 6.30%, Discount rate 11.23%.
| As of December 31, 2016, impairment or valuation adjustments were recorded for assets recognized at fair value on a non-recurring basis as shown in the following table:
|  | Carrying value as of December 31, 2016 |  | (Losses) recorded for the Year Ended December 31, 2016
|  | Level 1 |  | Level 2 |  | Level 3 |  |  |
| (In thousands) |  |  |  |  |  |  |  |  |  |  |
| Loans receivable (1) | $ | - |  | $ | - |  | $ | 442,081 |  | $ | (49,884)
| OREO (2) |  | - |  |  | - |  |  | 137,681 |  |  | (7,873)
| Mortgage servicing rights (3) |  | - |  |  | - |  |  | 26,244 |  |  | (325)
(1) | Consists mainly of impaired commercial and construction loans. The impairments were generally measured based on the fair value of the underlying collateral. The fair values were derived from external appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g., absorption rates), which are not market observable.
(2) | The fair values were derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g., absorption rates and net operating income of income producing properties), which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio.
(3) | Fair value adjustments to the mortgage servicing rights were mainly due to assumptions associated with mortgage prepayments rates. The Corporation carries its mortgage servicing rights at the lower of cost or market, measured at fair value on a non-recurring basis. Assumptions for the value of mortgage servicing rights include: Prepayment rate 6.12%, Discount rate 11.19%.
| As of December 31, 2015, impairment or valuation adjustments were recorded for assets recognized at fair value on a nonrecurring basis as shown in the following table:
|  | Carrying value as of December 31, 2015 |  | (Losses) Gain recorded for the Year Ended December 31, 2015
|  | Level 1 |  | Level 2 |  | Level 3 |  |  |
| (In thousands) |  |  |  |  |  |  |  |  |  |  |
| Loans receivable (1) | $ | - |  | $ | - |  | $ | 303,095 |  | $ | (27,245)
| OREO (2) |  | - |  |  | - |  |  | 146,801 |  |  | (10,494)
| Mortgage servicing rights (3) |  | - |  |  | - |  |  | 24,282 |  |  | (228)
| Loans Held For Sale (4) |  | - |  |  | - |  |  | 8,135 |  |  | 338
(1) | Consists mainly of impaired commercial and construction loans. The impairments were generally measured based on the fair value of the underlying collateral. The fair values were derived from external appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g., absorption rates), which are not market observable.
(2) | The fair values were derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g., absorption rates and net operating income of income producing properties), which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio.
(3) | Fair value adjustments to the mortgage servicing rights were mainly due to assumptions associated with mortgage prepayments rates. The Corporation carries its mortgage servicing rights at the lower of cost or market, measured at fair value on a non-recurring basis. Assumptions for the value of mortgage servicing rights include: Prepayment rate 9.07%, Discount rate 10.65%.
(4) | The value of these loans was derived from external appraisals, adjusted for specific characteristics of the loans.
Estimated Fair Value and Carrying Value of Financial Instruments [Table Text Block] |
The following tables present the carrying value, the estimated fair value and estimated fair value hierarchy of financial instruments as of December 31, 2017 and 2016:
| Total Carrying Amount in Statement of Financial Condition December 31, 2017 |  | Fair Value Estimate December 31, 2017 |  | Level 1 |  | Level 2 |  | Level 3
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks and money |  |  |  |  |  |  |  |  |  |  |  |  |  |
market investments | $ | 716,395 |  | $ | 716,395 |  | $ | 716,395 |  | $ | - |  | $ | -
Investment securities available |  |  |  |  |  |  |  |  |  |  |  |  |  |
for sale |  | 1,891,016 |  |  | 1,891,016 |  |  | 7,819 |  |  | 1,863,342 |  |  | 19,855
Investment securities held to maturity |  | 150,627 |  |  | 131,032 |  |  | - |  |  | - |  |  | 131,032
Other equity securities |  | 43,119 |  |  | 43,119 |  |  | - |  |  | 43,119 |  |  | -
Loans held for sale |  | 32,980 |  |  | 34,979 |  |  | - |  |  | 25,237 |  |  | 9,742
Loans, held for investment |  | 8,850,476 |  |  |  |  |  |  |  |  |  |  |  |
Less: allowance for loan and lease losses |  | (231,843) |  |  |  |  |  |  |  |  |  |  |  |
Loans held for investment, net of |  |  |  |  |  |  |  |  |  |  |  |  |  |
allowance | $ | 8,618,633 |  |  | 8,372,865 |  |  | - |  |  | - |  |  | 8,372,865
Derivatives, included in assets |  | 312 |  |  | 312 |  |  | - |  |  | 312 |  |  | -
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | 9,022,631 |  |  | 9,026,600 |  |  | - |  |  | 9,026,600 |  |  | -
Securities sold under agreements to |  |  |  |  |  |  |  |  |  |  |  |  |  |
repurchase |  | 300,000 |  |  | 325,913 |  |  | - |  |  | 325,913 |  |  | -
Advances from FHLB |  | 715,000 |  |  | 707,272 |  |  | - |  |  | 707,272 |  |  | -
Other borrowings |  | 208,635 |  |  | 189,424 |  |  | - |  |  | - |  |  | 189,424
Derivatives, included in liabilities |  | 324 |  |  | 324 |  |  | - |  |  | 324 |  |  | -
| Total Carrying Amount in Statement of Financial Condition December 31, 2016 |  | Fair Value Estimate December 31, 2016 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks and money |  |  |  |  |  |  |  |  |  |  |  |  |  |
market investments | $ | 299,685 |  | $ | 299,685 |  | $ | 299,685 |  | $ | - |  | $ | -
Investment securities available |  |  |  |  |  |  |  |  |  |  |  |  |  |
for sale |  | 1,881,920 |  |  | 1,881,920 |  |  | 7,917 |  |  | 1,851,089 |  |  | 22,914
Investment securities held to maturity |  | 156,190 |  |  | 132,759 |  |  | - |  |  | - |  |  | 132,759
Other equity securities |  | 42,992 |  |  | 42,992 |  |  | - |  |  | 42,992 |  |  | -
Loans held for sale |  | 50,006 |  |  | 52,707 |  |  | - |  |  | 42,921 |  |  | 9,786
Loans held for investment |  | 8,886,873 |  |  |  |  |  |  |  |  |  |  |  |
Less: allowance for loan and lease |  |  |  |  |  |  |  |  |  |  |  |  |  |
losses |  | (205,603) |  |  |  |  |  |  |  |  |  |  |  |
Loans held for investment, net of |  |  |  |  |  |  |  |  |  |  |  |  |  |
allowance | $ | 8,681,270 |  |  | 8,455,104 |  |  | - |  |  | - |  |  | 8,455,104
Derivatives, included in assets |  | 554 |  |  | 554 |  |  | - |  |  | 554 |  |  | -
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | 8,831,205 |  |  | 8,838,606 |  |  | - |  |  | 8,838,606 |  |  | -
Securities sold under agreements to |  |  |  |  |  |  |  |  |  |  |  |  |  |
repurchase |  | 300,000 |  |  | 335,840 |  |  | - |  |  | 335,840 |  |  | -
Advances from FHLB |  | 670,000 |  |  | 669,687 |  |  | - |  |  | 669,687 |  |  | -
Other borrowings |  | 216,187 |  |  | 171,374 |  |  | - |  |  | - |  |  | 171,374
Derivatives, included in liabilities |  | 753 |  |  | 753 |  |  | - |  |  | 753 |  |  | -
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] |
Qualitative information regarding the fair value measurements for Level 3 financial instruments are as follows:
| December 31, 2017
| Method |  | Inputs
Loans | Income, Market, Comparable Sales, Discounted Cash Flows |  | External appraised values; probability weighting of broker price opinions; management assumptions regarding market trends or other relevant factors
OREO | Income, Market, Comparable Sales, Discounted Cash Flows |  | External appraised values; probability weighting of broker price opinions; management assumptions regarding market trends or other relevant factors
Mortgage servicing rights | Discounted Cash Flows |  | Weighted-average prepayment rate of 6.30%; weighted average discount rate of 11.23%.
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] |
The table below presents qualitative information for significant assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of December 31, 2017:
| December 31, 2017
(In thousands) | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range
Investment securities available for sale:
Private label MBS | $ | 17,060 |  | Discounted cash flows |  | Discount rate |  | 14.0%
|  |  |  |  |  | Prepayment rate |  | 12.0% -29.0% (Weighted Average 16.4%)
|  |  |  |  |  | Projected Cumulative Loss Rate |  | 0.00% - 6.8% (Weighted Average 3.00%)
Puerto Rico government obligations |  | 2,695 |  | Discounted cash flows |  | Discount rate |  | 6.61%
|  |  |  |  |  | Prepayment rate |  | 3.00%
Schedule Of Changes In Unrealized Gains Losses [Table Text Block] |
The table below summarizes changes in unrealized gains and losses recorded in earnings for the years ended December 31, 2017, 2016, and 2015 for Level 3 assets and liabilities that are still held at the end of each year:
| Changes in Unrealized Losses (Year Ended December 31, 2017) |  | Changes in Unrealized Losses (Year Ended December 31, 2016) |  | Changes in Unrealized Losses (Year Ended December 31, 2015)
Level 3 Instruments Only | Securities Available for Sale |  | Securities Available for Sale |  | Securities Available for Sale
(In thousands) |  |  |  |  |  |  |  |
Changes in unrealized losses relating to assets |  |  |  |  |  |  |  |
still held at reporting date: |  |  |  |  |  |  |  |
Net impairment losses on available-for-sale investment |  |  |  |  |  |  |  |
securities (credit component) | $ | - |  | $ | (387) |  | $ | (628)

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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