SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2012

Schedule Of Segment Reporting Information By Segment [Text Block]

The following table presents information about the reportable segments (in thousands):
(In thousands)	Mortgage Banking		Consumer (Retail) Banking		Commercial and Corporate Banking		Treasury and Investments		United States Operations		Virgin Islands Operations		Total
For the year ended December 31, 2012:
Interest income	$	110,164	$	207,001	$	187,860	$	46,313	$	37,376	$	49,063	$	637,777
Net (charge) credit for transfer of funds		(48,830)		474		(23,706)		59,970		12,092		-		-
Interest expense		-		(30,904)		-		(111,209)		(29,340)		(4,619)		(176,072)
Net interest income (loss)		61,334		176,571		164,154		(4,926)		20,128		44,444		461,705
(Provision) release for loan and lease losses		(36,553)		(32,924)		(42,940)		-		9,061		(17,143)		(120,499)
Non-interest income (loss)		18,080		33,362		10,140		(1,623)		1,803		6,885		68,647
Direct non-interest expenses		(43,058)		(102,364)		(50,364)		(6,296)		(27,734)		(37,751)		(267,567)
Segment income (loss)	$	(197)	$	74,645	$	80,990	$	(12,845)	$	3,258	$	(3,565)	$	142,286
Average earnings assets	$	2,067,304	$	1,637,729	$	4,571,779	$	2,426,091	$	727,556	$	805,720	$	12,236,179

(In thousands)	Mortgage Banking		Consumer (Retail) Banking		Commercial and Corporate Banking		Treasury and Investments		United States Operations		Virgin Islands Operations		Total
For the year ended December 31, 2011:
Interest income	$	118,346	$	168,520	$	206,494	$	64,536	$	45,095	$	56,624	$	659,615
Net (charge) credit for transfer of funds		(61,466)		11,769		(16,002)		49,430		16,269		-		-
Interest expense		-		(41,902)		-		(177,599)		(39,906)		(6,696)		(266,103)
Net interest income (loss)		56,880		138,387		190,492		(63,633)		21,458		49,928		393,512
Provision for loan and lease losses		(33,663)		(17,927)		(118,510)		-		(28,211)		(38,038)		(236,349)
Non-interest income		22,272		27,719		8,644		41,588		1,304		10,681		112,208
Direct non-interest expenses		(38,254)		(92,539)		(50,018)		(5,704)		(30,513)		(36,485)		(253,513)
Segment income (loss)	$	7,235	$	55,640	$	30,608	$	(27,749)	$	(35,962)	$	(13,914)	$	15,858
Average earnings assets	$	2,154,543	$	1,448,520	$	5,163,940	$	3,123,323	$	851,608	$	889,906	$	13,631,840

(In thousands)	Mortgage Banking		Consumer (Retail) Banking		Commercial and Corporate Banking		Treasury and Investments		United States Operations		Virgin Islands Operations		Total
For the year ended December 31, 2010:
Interest income	$	155,058	$	186,227	$	233,335	$	138,695	$	51,784	$	67,587	$	832,686
Net (charge) credit for transfer of funds		(91,280)		7,255		(22,430)		97,436		9,019		-		-
Interest expense		-		(52,306)		-		(266,638)		(45,630)		(6,437)		(371,011)
Net interest income		63,778		141,176		210,905		(30,507)		15,173		61,150		461,675
Provision for loan and lease losses		(76,882)		(51,668)		(359,440)		-		(119,489)		(27,108)		(634,587)
Non-interest income		13,159		28,887		9,044		55,237		896		10,680		117,903
Direct non-interest expenses		(38,963)		(94,677)		(62,991)		(5,876)		(42,361)		(41,571)		(286,439)
Segment (loss) income	$	(38,908)	$	23,718	$	(202,482)	$	18,854	$	(145,781)	$	3,151	$	(341,448)
Average earnings assets	$	2,646,054	$	1,601,581	$	5,973,226	$	4,846,430	$	1,076,876	$	975,915	$	17,120,082

Reconciliation of the Reportable Segment Financial Information [Table Text Block]

The following table presents a reconciliation of the reportable segment financial information to the consolidated totals:
	Year Ended December 31,
	2012		2011		2010
	(In thousands)
Net Income (loss):
Total income (loss) for segments and other	$	142,286	$	15,858	$	(341,448)
Other non-interest loss (1)		(19,256)		(4,227)		-
Other operating expenses		(87,316)		(84,541)		(79,719)
Income (loss) before income taxes		35,714		(72,910)		(421,167)
Income tax expense		(5,932)		(9,322)		(103,141)
Total consolidated net income (loss)	$	29,782	$	(82,232)	$	(524,308)
Average assets:
Total average earning assets for segments	$	12,236,179	$	13,631,840	$	17,120,082
Other average earning assets (1)		36,706		39,747		-
Average non-earning assets		693,489		684,129		750,960
Total consolidated average assets	$	12,966,374	$	14,355,716	$	17,871,042
(1) The activities related to the Bank's equity interest in CPG/GS are presented as an Other non-interest loss and other average earning assets in the
table above.

Schedule of revenues and selected balance sheet data by geography [Table Text Block]

The following table presents revenues and selected balance sheet data by geography based on the location in which the transaction is originated:
	2012		2011		2010
	(In thousands)
Revenues:
Puerto Rico	$	579,949	$	637,623	$	810,623
United States		51,271		62,668		61,699
Virgin Islands		55,948		67,305		78,267
Total consolidated revenues	$	687,168	$	767,596	$	950,589
Selected Balance Sheet Information:
Total assets:
Puerto Rico	$	11,421,073	$	11,069,279	$	13,495,003
United States		913,831		1,129,846		1,133,971
Virgin Islands		764,837		928,150		964,103
Loans:
Puerto Rico	$	8,706,428	$	8,844,885	$	10,070,078
United States		714,234		821,652		938,147
Virgin Islands		718,846		908,677		947,977
Deposits:
Puerto Rico (1)	$	7,004,301	$	7,015,700	$	9,326,613
United States		1,921,066		1,964,447		1,834,788
Virgin Islands		939,179		927,607		897,709
___________________
(1) For 2012, 2011, and 2010, includes $3.4 billion, $3.7 billion, and $6.1 billion, respectively, of brokered CDs allocated to the Puerto Rico operations.