Pledge Assets

12 Months Ended

Dec. 31, 2016

NOTE 4 - PLEDGED ASSETS

The following table shows a summary of pledged and not pledged assets at December 31, 2016 and 2015. Investment securities available for sale are presented at fair value, and investment securities held-to-maturity, residential mortgage loans, commercial loans and leases are presented at amortized cost:

	December 31,
	2016		2015
	(In thousands)
Pledged investment securities to secure:
Securities sold under agreements to repurchase	$	700,498	$	1,021,370
Derivatives		2,397		8,100
Puerto Rico Cash & Money Market Fund		-		81,576
Bond for the Bank's trust operations		348		379
Total pledged investment securities		703,243		1,111,425
Pledged residential mortgage loans to secure:
Advances from the Federal Home Loan Bank		1,028,234		1,095,810
Pledged commercial loans to secure:
Advances from the Federal Home Loan Bank		381,990		253,263
Federal Reserve Bank Credit Facility		1,303		12,877
Puerto Rico public fund deposits		209,236		410,932
		592,529		677,072
Total pledged assets	$	2,324,006	$	2,884,307
Financial assets not pledged:
Investment securities	$	648,125	$	483,373
Residential mortgage loans		348,030		379,065
Commercial loans		1,064,923		1,287,036
Consumer loans		329,050		295,492
Auto loans and leases		895,097		929,666
Total assets not pledged	$	3,285,225	$	3,374,632