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Investment securities | 12 Months Ended
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Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract] |
Investments Securities Disclosure [Text Block] |
| 5. | Investment securities
Securities available-for-sale The amortized cost, related unrealized gross gain (loss) and fair value of securities available-for-sale by country risk and type of debt, are as follows:
|  | December 31, 2014 |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair |
|  | Cost |  | Gross Gain |  | Gross Loss |  | Value |
Corporate debt: |  |  |  |  |  |  |  |  |  |  |  |  |
Brazil |  |  | 36,575 |  |  | - |  |  | 848 |  |  | 35,727 |
Colombia |  |  | 24,139 |  |  | - |  |  | 1,828 |  |  | 22,311 |
Chile |  |  | 12,215 |  |  | - |  |  | 201 |  |  | 12,014 |
Honduras |  |  | 7,325 |  |  | - |  |  | 33 |  |  | 7,292 |
Panama |  |  | 4,701 |  |  | - |  |  | 56 |  |  | 4,645 |
Peru |  |  | 16,911 |  |  | - |  |  | 129 |  |  | 16,782 |
Venezuela |  |  | 20,299 |  |  | 34 |  |  | 9 |  |  | 20,324 |
|  |  | 122,165 |  |  | 34 |  |  | 3,104 |  |  | 119,095 |
Sovereign debt: |  |  |  |  |  |  |  |  |  |  |  |  |
Brazil |  |  | 21,899 |  |  | 94 |  |  | 444 |  |  | 21,549 |
Colombia |  |  | 55,415 |  |  | 1 |  |  | 1,239 |  |  | 54,177 |
Chile |  |  | 11,669 |  |  | - |  |  | 398 |  |  | 11,271 |
Mexico |  |  | 98,430 |  |  | 4 |  |  | 1,587 |  |  | 96,847 |
Panama |  |  | 17,692 |  |  | 10 |  |  | 306 |  |  | 17,396 |
Peru |  |  | 9,052 |  |  | 2 |  |  | 14 |  |  | 9,040 |
Trinidad and Tobago |  |  | 10,113 |  |  | - |  |  | 515 |  |  | 9,598 |
|  |  | 224,270 |  |  | 111 |  |  | 4,503 |  |  | 219,878 |
Total |  |  | 346,435 |  |  | 145 |  |  | 7,607 |  |  | 338,973 |
|  | December 31, 2013 |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair |
|  | Cost |  | Gross Gain |  | Gross Loss |  | Value |
Corporate debt: |  |  |  |  |  |  |  |  |  |  |  |  |
Brazil |  |  | 41,439 |  |  | 11 |  |  | 778 |  |  | 40,672 |
Colombia |  |  | 44,536 |  |  | 65 |  |  | 1,351 |  |  | 43,250 |
Chile |  |  | 21,807 |  |  | 15 |  |  | 751 |  |  | 21,071 |
Honduras |  |  | 9,400 |  |  | - |  |  | 136 |  |  | 9,264 |
Panama |  |  | 7,159 |  |  | - |  |  | 78 |  |  | 7,081 |
Peru |  |  | 29,439 |  |  | 42 |  |  | 674 |  |  | 28,807 |
Venezuela |  |  | 29,871 |  |  | - |  |  | 1,848 |  |  | 28,023 |
|  |  | 183,651 |  |  | 133 |  |  | 5,616 |  |  | 178,168 |
Sovereign debt: |  |  |  |  |  |  |  |  |  |  |  |  |
Brazil |  |  | 32,751 |  |  | 936 |  |  | 645 |  |  | 33,042 |
Colombia |  |  | 42,776 |  |  | - |  |  | 1,125 |  |  | 41,651 |
Chile |  |  | 20,772 |  |  | 12 |  |  | 610 |  |  | 20,174 |
Mexico |  |  | 35,730 |  |  | - |  |  | 2,445 |  |  | 33,285 |
Panama |  |  | 12,485 |  |  | 71 |  |  | 553 |  |  | 12,003 |
Peru |  |  | 11,589 |  |  | - |  |  | 65 |  |  | 11,524 |
Trinidad and Tobago |  |  | 4,665 |  |  | - |  |  | 144 |  |  | 4,521 |
|  |  | 160,768 |  |  | 1,019 |  |  | 5,587 |  |  | 156,200 |
Total |  |  | 344,419 |  |  | 1,152 |  |  | 11,203 |  |  | 334,368 |
As of December 31, 2014 and 2013, securities available-for-sale with a carrying value of $307.5 million and $296.8 million, respectively, were pledged to secure repurchase transactions accounted for as secured financings.
The following table discloses those securities that have had unrealized losses for a period less than 12 months and for 12 months or longer:
|  | December 31, 2014 |
|  | Less than 12 months |  | 12 months or longer |  | Total |
|  |  |  |  | Unrealized |  |  |  |  | Unrealized |  |  |  |  | Unrealized |
|  | Fair |  | Gross |  | Fair |  | Gross |  | Fair |  | Gross |
|  | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses |
Corporate debt |  |  | 87,077 |  |  | 2,513 |  |  | 13,334 |  |  | 561 |  |  | 100,411 |  |  | 3,074 |
Sovereign debt |  |  | 101,789 |  |  | 1,601 |  |  | 77,199 |  |  | 2,932 |  |  | 178,988 |  |  | 4,533 |
|  |  | 188,866 |  |  | 4,114 |  |  | 90,533 |  |  | 3,493 |  |  | 279,399 |  |  | 7,607 |
|  | December 31, 2013 |
|  | Less than 12 months |  | 12 months or longer |  | Total |
|  |  |  |  | Unrealized |  |  |  | Unrealized |  |  |  |  | Unrealized |
|  | Fair |  | Gross |  | Fair |  | Gross |  | Fair |  | Gross |
|  | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses |
Corporate debt |  |  | 136,895 |  |  | 5,113 |  |  | 6,866 |  |  | 503 |  |  | 143,761 |  |  | 5,616 |
Sovereign debt |  |  | 107,239 |  |  | 5,210 |  |  | 18,557 |  |  | 377 |  |  | 125,796 |  |  | 5,587 |
|  |  | 244,134 |  |  | 10,323 |  |  | 25,423 |  |  | 880 |  |  | 269,557 |  |  | 11,203 |
Gross unrealized losses are related mainly to changes in market interest rates and other market factors, and not due to underlying credit concerns by the Bank about the issuers. The following table presents the realized gains and losses on sale of securities available-for-sale:
|  | Year ended December 31 |
|  | 2014 |  | 2013 |  | 2012 |
Gains |  |  | 1,891 |  |  | 1,523 |  |  | 6,141 |
Losses |  |  | (20) |  |  | (1) |  |  | (111) |
Net |  |  | 1,871 |  |  | 1,522 |  |  | 6,030 |
The amortized cost and fair value of securities available-for-sale by contractual maturity as of December 31, 2014, are shown in the following table:
|  | Amortized |  | Fair |
|  | Cost |  | Value |
Due within 1 year |  |  | 85,496 |  |  | 85,579 |
After 1 year but within 5 years |  |  | 139,547 |  |  | 135,662 |
After 5 years but within 10 years |  |  | 121,392 |  |  | 117,732 |
|  |  | 346,435 |  |  | 338,973 |
Securities held-to-maturity The amortized cost, related unrealized gross gain (loss) and fair value of securities held-to-maturity by country risk and type of debt are as follows:
|  | December 31, 2014 |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair |
|  | Cost |  | Gross Gain |  | Gross Loss |  | Value |
Corporate debt: |  |  |  |  |  |  |  |  |  |  |  |  |
Brazil |  |  | 17,824 |  |  | - |  |  | 958 |  |  | 16,866 |
Panama |  |  | 23,353 |  |  | 33 |  |  | - |  |  | 23,386 |
|  |  | 41,177 |  |  | 33 |  |  | 958 |  |  | 40,252 |
Sovereign debt: |  |  |  |  |  |  |  |  |  |  |  |  |
Colombia |  |  | 13,003 |  |  | 40 |  |  | - |  |  | 13,043 |
Total |  |  | 54,180 |  |  | 73 |  |  | 958 |  |  | 53,295 |
|  | December 31, 2013 |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair |
|  | Cost |  | Gross Gain |  | Gross Loss |  | Value |
Corporate debt: |  |  |  |  |  |  |  |  |  |  |  |  |
Costa Rica |  |  | 2,000 |  |  | - |  |  | - |  |  | 2,000 |
Honduras |  |  | 4,118 |  |  | - |  |  | - |  |  | 4,118 |
Panama |  |  | 14,634 |  |  | 8 |  |  | 18 |  |  | 14,624 |
|  |  | 20,752 |  |  | 8 |  |  | 18 |  |  | 20,742 |
Sovereign debt: |  |  |  |  |  |  |  |  |  |  |  |  |
Colombia |  |  | 13,007 |  |  | - |  |  | 115 |  |  | 12,892 |
Total |  |  | 33,759 |  |  | 8 |  |  | 133 |  |  | 33,634 |
Securities that show gross unrealized losses have had losses for less than 12 months. These losses are related mainly to changes in market interest rates and other market factors and not due to underlying credit concerns by the Bank about the issuers; therefore, such losses are considered temporary. The amortized cost and fair value of securities held-to-maturity by contractual maturity as of December 31, 2014, are shown in the following table:
|  | Amortized |  | Fair |
|  | Cost |  | Value |
Due within 1 year |  |  | 34,326 |  |  | 34,376 |
After 1 year but within 5 years |  |  | 19,854 |  |  | 18,919 |
|  |  | 54,180 |  |  | 53,295 |
As of December 31, 2014 and, 2013, securities held-to-maturity with a carrying value of $13.0 million, for both periods, were pledged to secure repurchase transactions accounted for as secured financings.

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- Definition The entire disclosure for all debt securities such as negotiable commercial paper, bonds and floating rate notes classified at the date of purchase based on the ability and intent to sell them prior maturity (Available for Sale) or hold them as investments (Held to Maturity). + References No definition available. + Details
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