XML 62 R128.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Shareholders' Equity Transactions (Details Narrative) (USD $) In Thousands, except Share data, unless otherwise specified | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | --- | ---
Dec. 31, 2012 | Dec. 31, 2011 | Nov. 30, 2011 Treasury Capital Purchase Program | Sep. 30, 2011 Treasury Capital Purchase Program | Dec. 31, 2011 Treasury Capital Purchase Program | Dec. 31, 2010 Treasury Capital Purchase Program | Dec. 31, 2009 Treasury Capital Purchase Program | Dec. 31, 2013 Small Business Lending Fund | Dec. 31, 2011 Small Business Lending Fund | Dec. 31, 2012 Series C Preferred Stock | Dec. 31, 2013 Series C Preferred Stock | Dec. 31, 2013 Series B Preferred Stock | Dec. 31, 2012 Series B Preferred Stock
Preferred stock redeemed |  | $ (65,000) |  |  | $ 65,000 |  |  |  |  |  |  |  |
Preferred stock redeemed, shares |  |  |  |  | 65,000 |  |  |  |  |  |  |  |
Preferred stock issued | 33,679 |  |  |  |  |  | 65,000 |  | 63,500 | 7,287 |  |  |
Preferred stock issued, shares |  |  |  |  |  |  | 65,000 |  | 63,500 | 728,706 |  |  |
Liquidation value of shares |  |  |  |  |  |  | $ 1,000 |  | $ 1,000 |  |  |  |
Warrant to purchase shares |  |  |  |  |  |  | 616,308 |  |  |  |  |  |
Preferred stock dividend rate |  |  |  |  |  |  | 5.00% |  |  |  |  |  |
Preferred stock dividend rate after five years |  |  |  |  |  |  | 9.00% |  |  |  |  |  |
Warrant, exercise price |  |  |  |  |  |  | 15.82 |  |  |  |  |  |
Discount rate used to determine fair value of preferred stock |  |  |  |  |  |  | 13.00% |  |  |  |  |  |
Fair value of preferred stock |  |  |  |  |  |  | 36,200 |  |  |  |  |  |
Fair value of warrant |  |  |  |  |  |  | 2,800 |  |  |  |  |  |
Aggregate fair value of preferred stock and warrant |  |  |  |  |  |  | 39,000 |  |  |  |  |  |
Percent of aggregate fair value attributed to warrant |  |  |  |  |  |  | 7.00% |  |  |  |  |  |
Percent of aggregate fair value attributed to preferred stock |  |  |  |  |  |  | 93.00% |  |  |  |  |  |
Amount allocated to preferred stock |  |  |  |  |  |  | 60,400 |  |  |  |  |  |
Amount allocated to warrant |  |  |  |  |  |  | 4,600 |  |  |  |  |  |
Accretion of preferred stock discount |  |  |  | 2,300 | 1,000 | 800 |  |  |  |  |  |  |
Warrant repurchase, per common share |  |  | $ 1.50 |  |  |  |  |  |  |  |  |  |
Threshold for qualified community banks |  |  |  |  |  |  |  |  | 10,000,000 |  |  |  |
Description of dividend rate percentages |  |  |  |  |  |  |  | The dividend rate, as a percentage of the liquidation amount, fluctuated on a quarterly basis during the first 10 quarters during which the Series B Preferred Stock was outstanding, based upon changes in the level of Qualified Small Business Lending or QSBL. For the first nine quarters after issuance, the dividend rate could range from one percent (1%) to five percent (5%) per annum based upon the increase in QSBL as compared to the baseline. For the tenth calendar quarter through four and one half years after issuance, the dividend rate will be fixed at between one percent (1%) and seven percent (7%) based upon the level of QSBL compared to the baseline. After four and one half years from the issuance, the dividend rate will increase to nine percent (9%). |  |  |  |  |
Stock sold price per share |  |  |  |  |  |  |  |  |  | $ 10 |  |  |
Accrued dividends |  |  |  |  |  |  |  |  |  | $ 58 | $ 233 | $ 662 | $ 2,751

X
- Definition The aggregate fair value of preferred stock and warrant. + References No definition available. + Details
Name: | fbp_AggregateFairValueOfPreferredStockAndWarrant
Namespace Prefix: | fbp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The amount allocated to preferred stock. + References No definition available. + Details
Name: | fbp_AmountAllocatedToPreferredStock
Namespace Prefix: | fbp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The amount allocated to warrant. + References No definition available. + Details
Name: | fbp_AmountAllocatedToWarrant
Namespace Prefix: | fbp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The description of dividend rate percentages. + References No definition available. + Details
Name: | fbp_DescriptionOfDividendRatePercentages
Namespace Prefix: | fbp_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The discount rate used to determine fair value of preferred stock. + References No definition available. + Details
Name: | fbp_DiscountRateUsedToDetermineFairValueOfPreferredStock
Namespace Prefix: | fbp_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The fair value of preferred stock as determined using the discounted cash flow model. + References No definition available. + Details
Name: | fbp_FairValueOfPreferredStock
Namespace Prefix: | fbp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The estimated fair value of a common stock warrant. + References No definition available. + Details
Name: | fbp_FairValueOfWarrant
Namespace Prefix: | fbp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The percentage of the aggregate fair value attributed to preferred stock. + References No definition available. + Details
Name: | fbp_PercentOfAggregateFairValueAttributedToPreferredStock
Namespace Prefix: | fbp_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The percentage of the aggregate fair value attributed to warrant. + References No definition available. + Details
Name: | fbp_PercentOfAggregateFairValueAttributedToWarrant
Namespace Prefix: | fbp_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The percentage rate used to calculate dividend payments on preferred stock after five years. + References No definition available. + Details
Name: | fbp_PreferredStockDividendRateAfterFiveYears
Namespace Prefix: | fbp_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The threshold for community banks to no longer qualify for the SBLF. + References No definition available. + Details
Name: | fbp_ThresholdForQualifiedCommunityBanks
Namespace Prefix: | fbp_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The per share amount of warrants repurchased. + References No definition available. + Details
Name: | fbp_WarrantRepurchasePerCommonShare
Namespace Prefix: | fbp_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Exercise price per share or per unit of warrants or rights outstanding. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(i)(4)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph i -Subparagraph 4 -Article 4 + Details
Name: | us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
Namespace Prefix: | us-gaap_
Data Type: | us-types:perUnitItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of warrants or rights outstanding. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph i -Article 4 + Details
Name: | us-gaap_ClassOfWarrantOrRightOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.15(5)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 15 -Subparagraph a -Article 7 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 15 -Subparagraph 5 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.15(5)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_DividendsPayableCurrentAndNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The amount of accretion of the preferred stock redemption discount during the period. + References No definition available. + Details
Name: | us-gaap_PreferredStockAccretionOfRedemptionDiscount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The percentage rate used to calculate dividend payments on preferred stock. + References No definition available. + Details
Name: | us-gaap_PreferredStockDividendRatePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d)(1)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_PreferredStockLiquidationPreference
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Per share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction. + References No definition available. + Details
Name: | us-gaap_SaleOfStockPricePerShare
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of new stock issued during the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30 -Article 5 + Details
Name: | us-gaap_StockIssuedDuringPeriodSharesNewIssues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 + Details
Name: | us-gaap_StockIssuedDuringPeriodValueNewIssues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Number of stock bought back by the entity at the exercise price or redemption price. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 + Details
Name: | us-gaap_StockRedeemedOrCalledDuringPeriodShares
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Equity impact of the value of stock bought back by the entity at the exercise price or redemption price. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 + Details
Name: | us-gaap_StockRedeemedOrCalledDuringPeriodValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration