INTEREST AND DIVIDEND ON INVESTMENTS

12 Months Ended

Dec. 31, 2015

Interest and Dividend on Investments [Abstract]

Interest and Dividend on Investments [Text Block]

NOTE 7 – INTEREST AND DIVIDEND ON INVESTMENTS AND MONEY MARKET INSTRUMENTS

The following provides information about interest on investments and FHLB dividend income:

		Year Ended December 31,
		2015		2014		2013
(In thousands)
Mortgage-backed securities:
Taxable	$	13,520	$	16,303	$	19,566
Exempt		23,779		28,606		25,955
		37,299		44,909		45,521
PR government obligations, U.S. Treasury securities, and U.S.
government agencies:
Taxable		2,628		1,357		1,218
Exempt		6,439		5,446		5,429
		9,067		6,803		6,647
Equity securities:
Other investment securities (including FHLB dividends)
Taxable		1,075		1,169		1,359
Total interest income on investment securities		47,441		52,881		53,527
Interest on money market instruments:
Taxable		1,490		1,734		1,231
Exempt		658		158		696
Total interest income on money market instruments		2,148		1,892		1,927
Total interest and dividend income on investments and money
market instruments	$	49,589	$	54,773	$	55,454

The following table summarizes the components of interest and dividend income on investments:
		Year Ended December 31,
		2015	2014		2013
(In thousands)
Interest income on investment securities and money
market investments	$	48,514	$	53,604	$	54,095
Dividends on FHLB stock		1,075		1,169		1,359
Total interest income and dividends on investments	$	49,589	$	54,773	$	55,454