BUSINESS COMBINATION (Tables)

12 Months Ended

Dec. 31, 2015

Business Combination Description [Abstract]

Business Combination [Table Text Block]

The Corporation accounted for this transaction as a business combination. The following table identifies the fair values of assets acquired and liabilities assumed from Doral Bank on February 27, 2015:
	Asset/Liabilities
	(at Fair Value)
(In thousands)
ASSETS
Cash	$	217,659
Loans		311,410
Premises and equipment, net		5,450
Core Deposit Intangible		5,820
Other assets
Total assets acquired		540,339
LIABILITIES
Deposits		523,517
Other liabilities		3,379
Net assets - Bargain purchase gain	$	13,443