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Income taxes (Tables)
6 Months Ended
Jun. 30, 2017
Schedule Of Deferred Tax Assets And Liabilities Table Text Block
(In thousands)June 30, 2017 December 31, 2016
Deferred tax assets:
Tax credits available for carryforward$18,510$18,510
Net operating loss and other carryforward available 1,228,0081,238,222
Postretirement and pension benefits91,45394,741
Deferred loan origination fees5,8076,622
Allowance for loan losses621,197649,107
Deferred gains4,4694,884
Accelerated depreciation10,5079,828
Intercompany deferred gains 2122,496
Difference between the assigned values and the tax basis of assets and liabilities
recognized in purchase business combinations12,47713,160
Other temporary differences33,68131,127
Total gross deferred tax assets2,026,3212,068,697
Deferred tax liabilities:
FDIC-assisted transaction57,61258,363
Indefinite-lived intangibles76,89773,974
Unrealized net gain on trading and available-for-sale securities 23,00721,335
Other temporary differences9,6828,477
Total gross deferred tax liabilities167,198162,149
Valuation allowance673,616664,287
Net deferred tax asset$1,185,507$1,242,261
Summary Of Income Tax Contingencies Text Block
(In millions)20172016
Balance at January 1$7.4$9.0
Additions for tax positions - January through March 0.20.4
Balance at March 31$7.6$9.4
Additions for tax positions - April through June0.30.3
Reduction as a result of settlements - April through June(0.3)-
Balance at June 30$7.6$9.7
PUERTO RICO  
Schedule Of Effective Income Tax Rate Reconciliation Table Text Block
Quarters ended
June 30, 2017June 30, 2016
(In thousands)Amount % of pre-tax income Amount% of pre-tax income
Computed income tax expense at statutory rates $51,46439%$47,35939%
Net benefit of tax exempt interest income(18,841)(14)(15,890)(13)
Deferred tax asset valuation allowance5,06443,4363
Difference in tax rates due to multiple jurisdictions(831)(1)(1,113)(1)
Effect of income subject to preferential tax rate(3,493)(3)(4,722)(4)
State and local taxes1,58512,1582
Others78411,2181
Income tax expense$35,73227%$32,44627%

Six months ended
June 30, 2017June 30, 2016
(In thousands)Amount % of pre-tax income Amount% of pre-tax income
Computed income tax expense at statutory rates $100,58539%$93,09239%
Net benefit of tax exempt interest income(36,845)(14)(31,474)(13)
Deferred tax asset valuation allowance10,12048,7093
Difference in tax rates due to multiple jurisdictions(1,790)(1)(1,977)(1)
Effect of income subject to preferential tax rate(6,512)(2)(8,136)(3)
State and local taxes2,86415,0852
Others316-(588)-
Income tax expense$68,73827%$64,71127%