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Borrowings (Tables)

12 Months Ended

Dec. 31, 2014

Schedule Of Repurchase Agreement Counterparty [Table Text Block]

	December 31,
	2014				2013
			Fair Value of				Fair Value of
	Borrowing		Underlying		Borrowing		Underlying
	Balance		Collateral		Balance		Collateral
	(In thousands)
JP Morgan Chase Bank NA		307,816		328,198		255,000		273,250
Credit Suisse Securities (USA) LLC		670,000		760,327		755,000		864,232
Deutsche Bank		-		-		255,000		272,053
Total	$	977,816	$	1,088,525	$	1,265,000	$	1,409,535

Schedule of Repurchase Agreement by Maturity [Table text Block]

The following table shows a summary of the Company's repurchase agreements and their terms, excluding accrued interest in the amount of $2.3 million, at December 31, 2014:

			Weighted-
	Borrowing		Average		Maturity
Year of Maturity	Balance		Coupon	Settlement Date	Date
	(In thousands)
2015		255,000	0.840%	12/10/2012	6/13/2015
2015		24,100	0.390%	12/18/2014	1/7/2015
2015		28,716	0.390%	12/19/2014	1/5/2015


2016		170,000	1.500%	12/6/2012	12/8/2016


2017		500,000	4.780%	3/2/2007	3/2/2017
	$	977,816	2.945%

Schedule of Repurchase Agreements [Table]

At December 31, 2014 and 2013, securities sold under agreements to repurchase (classified by counterparty), excluding accrued interest in the amount of $2.3 million and $2.6 million, respectively, were as follows

	December 31, 2014
					Market Value of Underlying Collateral
									CMOs		Obligations
			Weighted		FNMA and				issued by US		of US
	Repurchase		Average		FHLMC		GNMA		Government		Government
	Liability		Rate		Certificates		Certificates		Sponsored Agencies		Sponsored Agencies		Total
	(Dollars in thousands)

Less than 90 days		52,816		0.39%		56,066		-		-		-		56,066
Over 90 days		925,000		2.83%		1,031,206		1,253		-		-		1,032,459
Total	$	977,816		2.89%	$	1,087,272	$	1,253	$	-	$	-	$	1,088,525

	December 31, 2013
					Market Value of Underlying Collateral
									CMOs		Obligations
			Weighted		FNMA and				issued by US		of US
	Repurchase		Average		FHLMC		GNMA		Government		Government
	Liability		Rate		Certificates		Certificates		Sponsored Agencies		Sponsored Agencies		Total
	(Dollars in thousands)
Within 30 days	$	255,000		0.50%	$	216,201	$	-	$	48,923	$	6,929	$	272,053
Over 90 days		1,010,000		2.89%		1,018,632		3,000		45,100		3,720		1,070,452

Total	$	1,265,000		2.41%	$	1,234,833	$	3,000	$	94,023	$	10,649	$	1,342,505

Repurchased Agreements Other Details[Table Text Block]

	December 31,
	2014		2013
	(In thousands)
Average daily aggregate balance outstanding	$	1,041,378	$	1,353,011
Maximum outstanding balance at any month-end	$	1,149,167	$	1,552,269
Weighted average interest rate during the year		2.85%		2.16%
Weighted average interest rate at year end		2.95%		2.41%

Federal Home Loan Bank Advances Maturities Summary [Table Text Block]

The following table shows a summary of these advances and their terms, excluding accrued interest in the amount of $332 thousand, at December 31, 2014:

			Weighted-
		Borrowing	Average		Maturity
Year of Maturity		Balance	Coupon	Settlement Date	Date
		(In thousands)
2015	$	25,000	0.35%	12/4/2014	1/5/2015
		50,000	0.36%	12/10/2014	1/12/2015
		100,000	0.37%	12/16/2014	1/16/2015
		25,000	0.39%	12/24/2014	1/26/2015
		25,000	0.35%	12/30/2014	1/30/2015
		39,317	0.36%	12/1/2014	1/2/2015
		264,317

2017		4,500	1.24%	4/3/2012	4/3/2017

2018		30,000	2.19%	1/16/2013	1/16/2018
		25,000	2.18%	1/16/2013	1/16/2018
		55,000

2020		10,181	2.59%	7/19/2013	7/20/2020
	$	333,998	0.74%

Redemtion Funds [Table Text Block]

Under the requirements of Puerto Rico Banking Act, the Bank must establish a redemption fund for the subordinated capital notes by transferring from undivided profits pre-established amounts as follows:

	Redemption fund
	(In thousands)
Redemption fund - December 31, 2014	$	55,275
2015		6,700
2016		5,025
	$	67,000