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BUSINESS COMBINATION (Tables) | 12 Months Ended
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Dec. 31, 2017
Business Combination Description [Abstract] |
Business Combination [Table Text Block] |
The Corporation accounted for this transaction as a business combination. The following table identifies the fair values of assets acquired and liabilities assumed from Doral Bank on February 27, 2015:
| Asset/Liabilities |  |
| (at Fair Value) |  |
(In thousands) |  |  |  |
ASSETS |  |  |  |
Cash | $ | 217,659 |  |
Loans |  | 311,410 |  |
Premises and equipment, net |  | 5,450 |  |
Core Deposit Intangible |  | 5,820 |  |
Total assets acquired |  | 540,339 |  |
LIABILITIES |  |  |  |
Deposits |  | 523,517 |  |
Other liabilities |  | 3,379 |  |
Net assets - Bargain purchase gain | $ | 13,443 |  |

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