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Other Assets | 9 Months Ended
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Sep. 30, 2014
Accrued Interest Receivable And Other Assets [Abstract] |
Other Assets Disclosure [Text Block] | NOTE 8 — ACCRUED INTEREST RECEIVABLE AND OTHER ASSET S Accrued interest receivable at September 30, 2014 and December 31, 2013 consists of the following:
| September 30, |  | December 31,
| 2014 |  | 2013
| (In thousands)
Non-covered loans | $ | 15,260 |  | $ | 13,378
Investments |  | 4,405 |  |  | 5,356
| $ | 19,665 |  | $ | 18,734
Other assets at September 30, 2014 and December 31, 2013 consist of the following:
|  | September 30, |  |  | December 31,
| 2014 |  | 2013
| (In thousands)
Prepaid expenses | $ | 18,375 |  | $ | 15,439
Core deposit and customer relationship intangibles |  | 10,285 |  |  | 11,912
Other repossessed assets |  | 21,733 |  |  | 12,583
Mortgage tax credits |  | 8,706 |  |  | 8,706
Investment in Statutory Trust |  | 1,083 |  |  | 1,083
Accounts receivable and other assets |  | 37,243 |  |  | 48,717
| $ | 97,425 |  | $ | 98,440
P repaid expenses amounting to $1 8.4 million and $15.4 million at September 30, 2014 and December 31, 2013, respectively, include prepaid municipal, property and income taxes aggregating to $1 2.8 million and $8.6 million, respectively. In connection with the FDIC-assisted acquisi tion and the BBVAPR Acquisition, the Company recorded a core deposit intangible representing the value of checking and savings deposits acquired. At September 30, 2014 and December 31, 2013, this core deposit intangible amounted to $6.8 million and $7.8 million, respectively. In ad dition, the Company recorded a customer relationship intangible amounting to $5.0 million representing the value of customer relationships acquired with the acquisition of the securities broker-dealer and insurance agency in the BBVAPR A cquisition as of December 31, 2012. At September 30, 2014 and December 31, 2013, this customer relationship intangible amounted to $3.5 million and $4.1 million, respectively. Other repossessed assets totaled $21.7 million and $12.6 million at September 30, 201 4 and December 31, 2013, respectively, include r e possessed auto mobiles amounting to $21.0 million and $12.3 million, respectively, which are recorded at their net realizable value. At both September 30, 2014 and December 31, 2013, tax credits for the Company totaled $8.7 million. T hese tax credits do not have an expiration date.

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