Holding Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information Of Parent Company Only Disclosure Abstract

CondensedConsolidatingBalanceSheetTableTextBlock


	December 31,
	2014		2013
	(In thousands)
ASSETS
Cash and cash equivalents	$	16,824	$	29,557
Investment securities available-for-sale, at fair value		8,244		9,373
Other investment securities		-		62
Investment in bank subsidiary, equity method		943,664		869,624
Investment in nonbank subsidiaries, equity method		17,071		19,477
Due from bank subsidiary,net		87		667
Other assets		2,089		2,062
Total assets	$	987,979	$	930,822
LIABILITIES AND STOCKHOLDERS’ EQUITY
Dividend payable		7,927		7,120
Deferred tax liabilities, net		75		28
Due to affiliates		9		227
Accrued expenses and other liabilities		1,688		2,451
Subordinated capital notes		36,083		36,083
Total liabilities		45,782		45,909
Stockholders’ equity		942,197		884,913
Total liabilities and stockholders’ equity	$	987,979	$	930,822

CondensedConsolidatingStatementOfOperationsTableTextBlock

	Year Ended December 31,
	2014		2013			2012
	(In thousands)
Income (loss):
Interest income	$	404	$	400	$	728
Investment trading activities, net and other		4,308		3,668		4,339
Total income		4,712		4,068		5,067
Expenses:
Interest expense		1,201		1,219		1,284
Operating expenses		6,607		6,003		1,935
Total expenses		7,808		7,222		3,219
(Loss) income before income taxes		(3,096)		(3,154)		1,848
Income tax benefit		-		(2)		-
(Loss) income before changes in undistributed earnings of subsidiaries		(3,096)		(3,156)		1,848
Equity in undistributed earnings from:
Bank subsidiary		84,787		98,133		19,654
Nonbank subsidiaries		3,490		3,469		3,053
Net income	$	85,181	$	98,446	$	24,555

CondensedConsolidatingOtherComprenhensiveIncomeTableTextBlock


	Year ended December 31,
	2014		2013		2012
	(In thousands)
Net income	$	85,181	$	98,446	$	24,555
Other comprehensive income (loss) before tax:
Unrealized gain (loss) on securities available-for-sale		209		(519)		683
Other comprehensive income (loss) from bank subsidiary		16,361		(52,249)		18,169
Other comprehensive income (loss) before taxes		16,570		(52,768)		18,852
Income tax effect		(50)		79		(103)
Other comprehensive income (loss) after taxes		16,520		(52,689)		18,749
Comprehensive income	$	101,701	$	45,757	$	43,304

CondensedConsolidatingStatementOfCashFlowsTableTextBlock


	Year Ended December 31,
	2014		2013		2012
	(In thousands)
Cash flows from operating activities:
Net income	$	85,181	$	98,446	$	24,555
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings from banking subsidiary		(84,787)		(98,133)		(19,654)
Equity in undistributed earnings from nonbanking subsidiaries		(3,490)		(3,469)		(3,053)
Amortization of investment securities premiums, net of accretion of discounts		21		141		141
Other impairments on securities		62		7		4
Stock-based compensation		1,036		1,823		1,552
Deferred income tax, net		-		2,272		554
Net (increase) decrease in other assets		553		11		50
Net increase (decrease) in accrued expenses, other liabilities, and dividend payable		(696)		(2,051)		756
Dividends from banking subsidiary		28,000		-		385,000
Dividends from non-banking subsidiary		5,900		15,600		-
Net cash provided by operating activities		31,780		14,647		389,905
Cash flows from investing activities:
Maturities and redemptions of investment securities available-for-sale		1,318		4,676		-
Maturities and redemptions of investment securities held-to-maturity		-		-		4,709
Net (increase) decrease in due from bank subsidiary, net		(218)		2,461		(2,935)
Cash consideration paid for BBVAPR acquisition		-		-		(500,000)
Capital contribution to banking subsidiary		(892)		(1,385)		(3,019)
Capital contribution to non-banking subsidiary		(76)		(99)		(1,237)
Net cash provided by (used in) investing activities		132		5,653		(502,482)
Cash flows from financing activities:
Proceeds from (payments to) exercise of stock options and lapsed restricted units, net		643		(572)		394
Proceeds from issuance of common stock, net		-		(16)		49,220
Proceeds from issuance of preferred stock, net		-		(25)		100,547
Purchase of treasury stock		(16,948)		-		(7,022)
Dividends paid		(28,341)		(24,651)		(16,447)
Net cash provided by (used in) financing activities		(44,646)		(25,264)		126,692
Net change in cash and cash equivalents		(12,734)		(4,964)		14,115
Cash and cash equivalents at beginning of year		29,557		34,521		20,406
Cash and cash equivalents at end of year	$	16,823	$	29,557	$	34,521