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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2017
Income Taxes [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  |  | Year Ended December 31,
|  |  | 2017 |  |  | 2016 |  |  | 2015
(In thousands) |  |  |  |  |  |  |  |  |
Current income tax expense |  | $ | (8,179) |  | $ | (13,151) |  | $ | (6,339)
Deferred income tax benefit (expense) |  |  | 13,152 |  |  | (23,879) |  |  | (80)
Total income tax benefit (expense) |  | $ | 4,973 |  | $ | (37,030) |  | $ | (6,419)
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
| The differences between the income tax expense applicable to income before the provision for income taxes and the amount computed by applying the statutory tax rate in Puerto Rico were as follows:
|  | Year Ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | Amount | % of Pretax Income |  |  | Amount | % of Pretax Income |  |  | Amount | % of Pretax Income |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Computed income tax at |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
statutory rate | $ | (24,173) |  | (39.0) | % |  | $ | (50,801) |  | (39.0) | % |  | $ | (10,810) |  | (39.0) | %
Federal and state taxes |  | (2,335) |  | (3.8) | % |  |  | - |  | - | % |  |  | (190) |  | (0.7) | %
Change in tax status of subsidiaries |  | 13,161 |  | 21.2 | % |  |  | - |  | - | % |  |  | - |  | - | %
Benefit of net exempt income |  | 16,596 |  | 26.8 | % |  |  | 14,995 |  | 11.5 | % |  |  | 9,780 |  | 35.3 | %
Effect of capital losses subject to preferential rates |  | (2,102) |  | (3.4) | % |  |  | (727) |  | (0.6) | % |  |  | (3,019) |  | (10.9) | %
Disallowed NOL carryforward resulting from |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| net exempt income |  | (5,091) |  | (8.2) | % |  |  | (6,396) |  | (4.9) | % |  |  | (7,717) |  | (27.8) | %
Nontax deductible expenses |  | (467) |  | (0.8) | % |  |  | (212) |  | (0.2) | % |  |  | 365 |  | 1.3 | %
Return to provision adjustments |  | (607) |  | (1.0) | % |  |  | (434) |  | (0.3) | % |  |  | 1,174 |  | 4.2 | %
Deferred tax valuation allowance |  | 10,037 |  | 16.2 | % |  |  | 5,976 |  | 4.6 | % |  |  | 2,881 |  | 10.4 | %
Other-net |  | (46) |  | - | % |  |  | 569 |  | 0.3 | % |  |  | 1,117 |  | 4.0 | %
Total income tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
benefit (expense) | $ | 4,973 |  | 8.0 | % |  | $ | (37,030) |  | (28.6) | % |  | $ | (6,419) |  | (23.2) | %
Schedule of significant components Deferred Tax Assets and Liabilities [Table Text Block] |
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their tax bases. Significant components of the Corporation's deferred tax assets and liabilities as of December 31, 2017 and 2016 were as follows:
|  |  | December 31,
|  |  | 2017 |  |  | 2016
(In thousands) |  |  |  |  |  |
Deferred tax asset: |  |  |  |  |  |
Net operating loss carryforward |  | $ | 376,423 |  | $ | 374,091
Allowance for loan and lease losses |  |  | 94,111 |  |  | 79,330
Tax credits available for carryforward |  |  | 6,598 |  |  | 8,006
Unrealized loss on OREO valuation |  |  | 14,784 |  |  | 11,467
Unrealized net loss on equity investment |  |  | - |  |  | 187
Settlement payment-closing agreement |  |  | 7,313 |  |  | 7,313
Legal and other reserves |  |  | 2,333 |  |  | 1,807
Impairment on investment |  |  | - |  |  | 4,438
Unrealized loss on available-for-sale securities, net |  |  | - |  |  | 502
Reserve for insurance premium cancellations |  |  | 635 |  |  | 724
Other |  |  | 8,326 |  |  | 15,720
Total gross deferred tax assets |  |  | 510,523 |  |  | 503,585
Deferred tax liabilities: |  |  |  |  |  |
Differences between the assigned values and tax bases of assets |  |  |  |  |  |
and liabilities recognized in purchase business combinations |  |  | 5,143 |  |  | 5,247
Servicing assets |  |  | 8,625 |  |  | 8,997
Unrealized gain on available-for-sale securities, net |  |  | 1,306 |  |  | -
Other |  |  | 9,457 |  |  | 468
Total gross deferred tax liabilities |  |  | 24,531 |  |  | 14,712
Valuation allowance |  |  | (191,183) |  |  | (207,216)
Net deferred tax asset |  | $ | 294,809 |  | $ | 281,657

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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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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