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Pledge Assets
12 Months Ended
Dec. 31, 2014
TransfersAndServicingAbstract  
Pledge Assets [Text Block]

NOTE 4 - PLEDGED ASSETS

 

The following table shows a summary of pledged and not pledged assets at December 31, 2014 and 2013. Investment securities are presented at fair value, and residential mortgage loans, commercial loans and leases are presented at amortized cost:

 

 December 31,
 2014 2013
 (In thousands)
Pledged investment securities to secure:     
Securities sold under agreements to repurchase$ 1,088,526 $ 1,277,919
Puerto Rico public fund deposits  -   97,772
Derivatives  7,043   8,100
Puerto Rico cash and money market fund  76,259   67,507
Bond for the Bank's trust operations  105   105
Total pledged investment securities  1,171,933   1,451,403
Pledged residential mortgage loans to secure:     
Advances from the Federal Home Loan Bank  1,013,106   1,151,836
Pledged commercial loans to secure:     
Advances from the Federal Home Loan Bank  139,043   130,607
Federal Reserve Bank credit facility  179,895   184,772
Puerto Rico public fund deposits  414,481   548,979
   733,419   864,358
Pledged auto loans and leases to secure:     
Federal Reserve Bank credit facility  884,339   877,673
Total pledged assets$ 3,802,797 $ 4,345,270
Financial assets not pledged:     
Investment securities$ 207,357 $ 128,876
Residential mortgage loans  586,040   517,913
Commercial loans  1,349,467   1,276,773
Consumer loans  266,498   253,658
Auto loans and leases  123,258   183,200
Total assets not pledged$ 2,532,620 $ 2,360,420