Consolidated Statements of Financial Condition (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013		Dec. 31, 2012
ASSETS
Cash and due from banks	$ 623,019		$ 730,016
Money market investments:
Time deposits with other financial institutions	300		505
Other short-term investments	201,065		216,330
Total money market investments	201,365		216,835
Investment securities available for sale, at fair value:
Securities pledged that can be repledged	1,050,006		1,070,968
Other investment securities	997,324		660,109
Total investment securities available for sale	2,047,330		1,731,077
Other equity securities	32,096		38,757
Investment in unconsolidated entities	13,172		23,970
Loans, net of allowance for loan and lease losses of $301,047 (2012 - $435,414)	9,219,255	[1]	9,618,700	[1]
Loans held for sale, at lower of cost or market	114,592		85,394
Total loans, net	9,333,847		9,704,094
Premises and equipment, net	172,371		181,363
Other real estate owned	133,284		185,764
Accrued interest receivable on loans and investments	49,848		51,671
Other assets	181,118		236,194
Total assets	12,787,450		13,099,741
LIABILITIES
Non-interest-bearing deposits	845,917		837,387
Interest-bearing deposits	9,108,280		9,027,159
Total deposits	9,954,197		9,864,546
Securities sold under agreements to repurchase	900,000	[2]	900,000
Advances from the Federal Home Loan Bank (FHLB)	353,440		508,440
Other borrowings	231,959		231,959
Accounts payable and other liabilities	127,261		109,773
Total liabilities	11,566,857		11,614,718
Preferred stock, authorized 50,000,000 shares:
Non-cumulative Perpetual Monthly Income Preferred Stock: issued - 22,004,000 shares, outstanding 2,521,872 shares, aggregate liquidation value of $63,047	63,047		63,047
Common stock, $0.10 par value, authorized, 2,000,000,000 shares; issued, 207,514,167 shares (2012 - 206,730,318 shares issued)	20,759		20,673
Less: Treasury stock (at par value)	(55)		(49)
Common stock outstanding, 206,982,105 shares outstanding (2012 - 206,235,465 shares	20,704		20,624
Additional paid-in capital	887,437		885,754
Retained earnings	307,890		487,166
Accumulated other comprehensive (loss) income, net of tax expense of $8,171 (2012 - $7,749)	(58,485)		28,432
Total stockholders' equity	1,220,593		1,485,023
Total liabilities and stockholders' equity	$ 12,787,450		$ 13,099,741

[1] During the first half of 2013, the Corporation completed two separate bulk sales of assets including: (i) non-performing residential mortgage loans with a book value before allowance for loan losses of $203.8 million, and (ii) adversely classified loans, mainly commercial loans, with a book value before allowance for loan losses of $211.4 million. In addition the Corporation transferred $181.6 million of commercial non-performing loans to held for sale as further discussed below.

[2] Represents common shares of another financial institution in Puerto Rico.