XML 43 R32.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Fair Value (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Fair Value [Abstract] |
Financial instruments that were measured at fair value on a recurring and nonrecurring basis |
($ in thousands) |  |  |  |
Description of Financial Instruments |  | Fair Value at June 30, 2015 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |
Recurring |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |
Government-sponsored enterprise securities |  | $ | 58,276 |  |  | –– |  |  | 58,276 |  |  | — |
Mortgage-backed securities |  |  | 131,309 |  |  | –– |  |  | 131,309 |  |  | –– |
Corporate bonds |  |  | 24,733 |  |  | –– |  |  | 24,733 |  |  | –– |
Equity securities |  |  | 132 |  |  | –– |  |  | 132 |  |  | –– |
Total available for sale securities |  | $ | 214,450 |  |  | –– |  |  | 214,450 |  |  | –– |
Nonrecurring |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans – covered |  | $ | 2,335 |  |  | — |  |  | — |  |  | 2,335 |
Impaired loans – non-covered |  |  | 19,609 |  |  | –– |  |  | –– |  |  | 19,609 |
Foreclosed real estate – covered |  |  | 1,945 |  |  | — |  |  | –– |  |  | 1,945 |
Foreclosed real estate – non-covered |  |  | 9,954 |  |  | –– |  |  | –– |  |  | 9,954 |
($ in thousands) |  |  |  |
Description of Financial Instruments |  | Fair Value at December 31, 2014 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |
Recurring |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |
Government-sponsored enterprise securities |  | $ | 27,521 |  |  | –– |  |  | 27,521 |  |  | — |
Mortgage-backed securities |  |  | 129,510 |  |  | –– |  |  | 129,510 |  |  | –– |
Corporate bonds |  |  | 865 |  |  | –– |  |  | 865 |  |  | –– |
Equity securities |  |  | 122 |  |  | –– |  |  | 122 |  |  | –– |
Total available for sale securities |  | $ | 158,018 |  |  | –– |  |  | 158,018 |  |  | –– |
Nonrecurring |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans – covered |  | $ | 5,220 |  |  | — |  |  | — |  |  | 5,220 |
Impaired loans – non-covered |  |  | 20,512 |  |  | –– |  |  | –– |  |  | 20,512 |
Foreclosed real estate – covered |  |  | 2,350 |  |  | — |  |  | –– |  |  | 2,350 |
Foreclosed real estate – non-covered |  |  | 9,771 |  |  | –– |  |  | –– |  |  | 9,771 |
Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis |
($ in thousands) |  |  |
Description |  | Fair Value at June 30, 2015 |  | Valuation Technique |  | Significant Unobservable Inputs |  | General Range of Significant Unobservable Input Values
Impaired loans – covered |  | $ | 2,335 |  | Appraised value; PV of expected cash flows |  | Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell |  | 0-10% |
Impaired loans – non-covered |  |  | 19,609 |  | Appraised value; PV of expected cash flows |  | Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell |  | 0-10% |
Foreclosed real estate – covered |  |  | 1,945 |  | Appraised value; independent market prices |  | Discounts to reflect current market conditions and estimated costs to sell |  | 0-10% |
Foreclosed real estate – non-covered |  |  | 9,954 |  | Appraised value; independent market prices |  | Discounts to reflect current market conditions, abbreviated holding period and estimated costs to sell |  | 0-40% |
($ in thousands) |  |  |
Description |  | Fair Value at December 31, 2014 |  | Valuation Technique |  | Significant Unobservable Inputs |  | General Range of Significant Unobservable Input Values
Impaired loans – covered |  | $ | 5,220 |  | Appraised value; PV of expected cash flows |  | Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell |  | 0-10% |
Impaired loans – non-covered |  |  | 20,512 |  | Appraised value; PV of expected cash flows |  | Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell |  | 0-10% |
Foreclosed real estate – covered |  |  | 2,350 |  | Appraised value; independent market prices |  | Discounts to reflect current market conditions and estimated costs to sell |  | 0-10% |
Foreclosed real estate – non-covered |  |  | 9,771 |  | Appraised value; independent market prices |  | Discounts to reflect current market conditions, abbreviated holding period and estimated costs to sell |  | 0-40% |
Schedule of the carrying amounts and estimated fair values of financial instruments |
|  |  | June 30, 2015 |  | December 31, 2014
($ in thousands) | Level in Fair Value Hierarchy |  | Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value |
Cash and due from banks, noninterest-bearing | Level 1 |  | $ | 75,151 |  |  | 75,151 |  |  | 81,068 |  |  | 81,068 |
Due from banks, interest-bearing | Level 1 |  |  | 102,567 |  |  | 102,567 |  |  | 171,248 |  |  | 171,248 |
Federal funds sold | Level 1 |  |  | 674 |  |  | 674 |  |  | 768 |  |  | 768 |
Securities available for sale | Level 2 |  |  | 214,450 |  |  | 214,450 |  |  | 158,018 |  |  | 158,018 |
Securities held to maturity | Level 2 |  |  | 165,245 |  |  | 167,759 |  |  | 178,687 |  |  | 182,411 |
Presold mortgages in process of settlement | Level 1 |  |  | 4,934 |  |  | 4,934 |  |  | 6,019 |  |  | 6,019 |
Total loans, net of allowance | Level 3 |  |  | 2,380,689 |  |  | ,2,355,893 |  |  | 2,355,548 |  |  | 2,328,244 |
Accrued interest receivable | Level 1 |  |  | 9,134 |  |  | 9,134 |  |  | 8,920 |  |  | 8,920 |
FDIC indemnification asset | Level 3 |  |  | 11,982 |  |  | 11,692 |  |  | 22,569 |  |  | 21,856 |
Bank-owned life insurance | Level 1 |  |  | 56,175 |  |  | 56,175 |  |  | 55,421 |  |  | 55,421 |
Deposits | Level 2 |  |  | 2,653,127 |  |  | 2,652,878 |  |  | 2,695,906 |  |  | 2,696,153 |
Borrowings | Level 2 |  |  | 176,394 |  |  | 167,611 |  |  | 116,394 |  |  | 105,407 |
Accrued interest payable | Level 2 |  |  | 625 |  |  | 625 |  |  | 686 |  |  | 686 |

X
- References No definition available. + Details
Name: | fbp_FairValueDisclosureAbstract
Namespace Prefix: | fbp_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure for level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis, + References No definition available. + Details
Name: | fbp_Level3AssetsAndLiabilitiesMeasuredAtFairValueOnRecurringOrNonrecurringBasisTableTextBlock
Namespace Prefix: | fbp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a,b,bb) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=36462937&loc=SL7498348-110258 Reference 4: 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=36462937&loc=d3e19190-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611 Reference 2: 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=36462937&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration