2018 Q4 Form 10-K Financial Statement

#000105770619000003 Filed on March 01, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4 2016 Q4
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.600M $5.200M $5.400M
YoY Change -11.54% -3.7% -16.92%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $59.90M $26.40M $37.20M
YoY Change 126.89% -29.03% 98.93%
Income Tax -$41.20M $2.200M $13.30M
% Of Pretax Income -68.78% 8.33% 35.75%
Net Earnings $101.1M $24.20M $23.90M
YoY Change 317.77% 1.26% 59.33%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $465.9K $112.0K $109.9K
COMMON SHARES
Basic Shares Outstanding 217.2M shares 216.2M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2017 Q4 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $586.2M $716.4M $299.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $147.8M $141.9M $150.8M
YoY Change 4.17% -5.92% -6.33%
Goodwill $28.10M $28.10M $28.10M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $320.0M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $12.24B $12.26B $11.92B
YoY Change -0.14% 2.84% -5.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $129.0M $146.0M $118.0M
YoY Change -11.64% 23.73% -25.32%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $150.0M $300.0M $300.0M
YoY Change -50.0% 0.0% -57.14%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $129.0M $146.0M $118.0M
YoY Change -11.64% 23.73% -25.32%
LONG-TERM LIABILITIES
Long-Term Debt $184.0M $209.0M $216.0M
YoY Change -11.96% -3.24% -4.42%
Other Long-Term Liabilities $1.000M $0.00 $1.000M
YoY Change -100.0% 0.0%
Total Long-Term Liabilities $185.0M $209.0M $217.0M
YoY Change -11.48% -3.69% -4.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $129.0M $146.0M $118.0M
Total Long-Term Liabilities $185.0M $209.0M $217.0M
Total Liabilities $10.20B $10.39B $10.14B
YoY Change -1.86% 2.53% -6.83%
SHAREHOLDERS EQUITY
Retained Earnings $1.088B $895.2M $830.9M
YoY Change 21.49% 7.74% 12.6%
Common Stock $22.18M $22.04M $21.87M
YoY Change 0.64% 0.77% 1.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $455.0K $410.0K $125.0K
YoY Change 10.98% 228.0% 30.21%
Treasury Stock Shares 4.554M shares 4.104M shares 1.254M shares
Shareholders Equity $2.045B $1.869B $1.786B
YoY Change
Total Liabilities & Shareholders Equity $12.24B $12.26B $11.92B
YoY Change -0.14% 2.84% -5.17%

Cashflow Statement

Concept 2018 Q4 2017 Q4 2016 Q4
OPERATING ACTIVITIES
Net Income $101.1M $24.20M $23.90M
YoY Change 317.77% 1.26% 59.33%
Depreciation, Depletion And Amortization $4.600M $5.200M $5.400M
YoY Change -11.54% -3.7% -16.92%
Cash From Operating Activities $74.50M $41.40M $80.30M
YoY Change 79.95% -48.44% 27.87%
INVESTING ACTIVITIES
Capital Expenditures -$4.400M -$1.800M -$2.200M
YoY Change 144.44% -18.18% -24.14%
Acquisitions
YoY Change
Other Investing Activities -$78.90M -$114.1M -$138.8M
YoY Change -30.85% -17.8% 601.01%
Cash From Investing Activities -$83.40M -$116.0M -$141.0M
YoY Change -28.1% -17.73% 523.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -61.80M 53.90M -168.6M
YoY Change -214.66% -131.97% -32.4%
NET CHANGE
Cash From Operating Activities 74.50M 41.40M 80.30M
Cash From Investing Activities -83.40M -116.0M -141.0M
Cash From Financing Activities -61.80M 53.90M -168.6M
Net Change In Cash -70.70M -20.70M -229.3M
YoY Change 241.55% -90.97% 9.61%
FREE CASH FLOW
Cash From Operating Activities $74.50M $41.40M $80.30M
Capital Expenditures -$4.400M -$1.800M -$2.200M
Free Cash Flow $78.90M $43.20M $82.50M
YoY Change 82.64% -47.64% 25.57%

Facts In Submission

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The positive evidence considered by management in arriving at its conclusion to reverse part of the deferred tax asset valuation allowance includes factors such as: FirstBank’s three-year cumulative income position; the continued profitability following the hurricane events in 2017; and forecasts of future profitability, under several potential scenarios, that support significant utilization of NOLs prior to their expiration ranging between the years 2021 through 2024. The negative evidence considered by management includes: uncertainties around the state of the Puerto Rico economy, including the effect of hurricane recovery funds together with Puerto Rico government debt renegotiation efforts and the ultimate sustainability of the approved Fiscal Plan; and consideration of the Corporation’s still elevated levels of non-performing assets.
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1540893000 USD
CY2018Q4 us-gaap Securities Borrowed Amount Offset Against Collateral
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200000000 USD
CY2017Q4 us-gaap Secured Debt Repurchase Agreements
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300000000 USD
CY2018 dei Entity Registrant Name
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FIRST BANCORP /PR/
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0 USD
CY2017 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
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2504629000 USD
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-29200000 USD
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305000 USD
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9143000 USD
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0 USD
CY2016 fbp Impaired Financing Receivable Paid Or Partial Payments
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70353000 USD
CY2017 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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16756000 USD
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510523000 USD
CY2017Q4 us-gaap Debt Securities Available For Sale Restricted
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350123000 USD
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623000 USD
CY2018 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions
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132000 USD
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16596000 USD
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11309000 USD
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3123000 USD
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27695000 USD
CY2018Q4 fbp Conservation Buffer
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0.025 pure
CY2018Q4 fbp Brokeredcertificatesofdepositmatureinoverthreemonthstosixmonths
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42879000 USD
CY2018Q4 fbp Overdrafts Prearranged Lines Of Credit
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21700000 USD
CY2018 fbp Credit And Debit Processing Fees
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15546000 USD
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2018-12-31
CY2018 us-gaap Servicing Asset At Amortized Value Valuation Allowance
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1289000 USD
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52023000 USD
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357802000 USD
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28100000 USD
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171066000 USD
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13549000 USD
CY2018 dei Amendment Flag
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false
CY2017 us-gaap Servicing Asset At Amortized Value Amortization1
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3091000 USD
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466000 USD
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52628000 USD
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11300000 USD
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7290000 USD
CY2018 us-gaap Amortization Of Intangible Assets
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3593000 USD
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2177000 USD
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0 USD
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716395000 USD
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6759000 USD
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806509000 USD
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131420000 USD
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34496000 USD
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150086000 USD
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4566000 USD
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7705000 USD
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1547000 USD
CY2018Q4 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of10 Percent Adverse Change In Discount Rate
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1528000 USD
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64280000 USD
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939674000 USD
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1132000 USD
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100661000 USD
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235074000 USD
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45000000 USD
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12261268000 USD
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166682000 USD
CY2017Q4 us-gaap Other Short Term Investments
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7289000 USD
CY2016 fbp Provision For Off Balance Sheet Items
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1173000 USD
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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-0.115 pure
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2728000 USD
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191183000 USD
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17600000 USD
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36104000 USD
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12392000 USD
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1400000000 USD
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1382000 USD
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18440000 USD
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P0Y2M29D
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223000 USD
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6104000 USD
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Fixed
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416710000 USD
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-8397000 USD
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2395481000 USD
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3619000 USD
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36453000 USD
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44530000 USD
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190638000 USD
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0.1 pure
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525000 USD
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591000 USD
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CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.001 pure
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2658000 USD
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10037000 USD
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0 USD
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2279000 USD
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9598000 USD
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3088000 USD
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28100000 USD
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0 pure
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13152000 USD
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141895000 USD
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181802000 USD
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305000 USD
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2881000 USD
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24640000 USD
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752458000 USD
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13775000 USD
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8535000 USD
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176116000 USD
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0 USD
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0 USD
CY2018 dei Entity Filer Category
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Large Accelerated Filer
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-0.012 pure
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-36889000 USD
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25043000 USD
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10370000 USD
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305000 USD
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10911000 USD
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1942568000 USD
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1729000 USD
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24095000 USD
CY2016 fbp Effective Income Tax Rate Reconciliation Change In Tax Status
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0 pure
CY2018 dei Entity Central Index Key
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0001057706
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0.0255 pure
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2800000000 USD
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47808000 USD
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300000 USD
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0.082 pure
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397385000 USD
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36161000 USD
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117000 USD
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250524000 USD
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7313000 USD
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371000 USD
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0.0246 pure
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4449000 USD
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2676000 USD
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0.03
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21628000 USD
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7630000 USD
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491551000 USD
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8661761000 USD
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22179000 USD
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516484000 USD
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36104000 USD
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144254000 USD
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11533000 USD
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509884000 USD
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3346000 USD
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9121000 USD
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5678000 USD
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0 USD
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86733000 USD
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93634000 USD
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P8Y5M12D
CY2018Q4 us-gaap Secured Debt Repurchase Agreements
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150086000 USD
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7590000 USD
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21048000 USD
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623000 USD
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300000000 USD
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10273000 USD
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410000 USD
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28068000 USD
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574654000 USD
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1903878000 USD
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456477000 USD
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-50801000 USD
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53634000 USD
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319851000 USD
CY2017 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
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5563000 USD
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40987000 USD
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1392595000 USD
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24171000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20514000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-7774000 USD
CY2018Q4 us-gaap Interest Bearing Domestic Deposit Certificates Of Deposits
InterestBearingDomesticDepositCertificatesOfDeposits
2404644000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
199432000 USD
CY2017 us-gaap Noninterest Income Other
NoninterestIncomeOther
4142000 USD
CY2017 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Recoveries
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsRecoveries
0 USD
CY2017Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Cash
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedCollateralObligationToReturnCash
0 USD
CY2017Q4 fbp Property Plant And Equipment Total Before Land And Cip
PropertyPlantAndEquipmentTotalBeforeLandAndCip
106950000 USD
CY2018 fbp Income Tax Rate Reconciliation Prior Periods Income Tax Returns
IncomeTaxRateReconciliationPriorPeriodsIncomeTaxReturns
-4000 USD
CY2016 fbp Other Fees And Commissions Credit Cards
OtherFeesAndCommissionsCreditCards
7492000 USD
CY2017 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
10234000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
22782000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1792000 USD
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0 pure
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
36104000 USD
CY2016 fbp Impaired Financing Receivable Interest Income
ImpairedFinancingReceivableInterestIncome
28544000 USD
CY2017 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2676000 USD
CY2018 dei Entity Shell Company
EntityShellCompany
false
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-24173000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
61983000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
1786243000 USD
CY2016 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
531022000 USD
CY2017Q4 us-gaap Securities Sold Under Agreements To Repurchase Asset
SecuritiesSoldUnderAgreementsToRepurchaseAsset
300000000 USD
CY2018 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
57000 USD
CY2017 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1390000 USD
CY2016 us-gaap Professional Fees
ProfessionalFees
44137000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.02 pure
CY2017 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
13491000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLegalSettlements
2333000 USD
CY2017 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
14550000 USD
CY2017Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0364 pure
CY2017Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1891016000 USD
CY2017 fbp Servicing Fees Income
ServicingFeesIncome
3693000 USD
CY2016 us-gaap Revenues
Revenues
673246000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
7296000 USD
CY2017 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
12755000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
376423000 USD
CY2018Q4 us-gaap Financial Instruments Owned And Pledged As Collateral Amount Eligible To Be Repledged By Counterparty
FinancialInstrumentsOwnedAndPledgedAsCollateralAmountEligibleToBeRepledgedByCounterparty
182735000 USD
CY2016 fbp Impaired Loans Removed
ImpairedLoansRemoved
27643000 USD
CY2016 fbp Interest Income Pr Governement Obligations Us Treasury Securities And Us Government Agencies
InterestIncomePrGovernementObligationsUsTreasurySecuritiesAndUsGovernmentAgencies
17276000 USD
CY2017Q4 us-gaap Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
300000 USD
CY2018 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Securities sold under agreements to repurchase (repurchase agreements</font><font style='font-family:Times New Roman;font-size:10pt;' >) as of the </font><font style='font-family:Times New Roman;font-size:10pt;' >dates indicated consisted </font><font style='font-family:Times New Roman;font-size:10pt;' >of the following: </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:22.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:351.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:351.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.95pt;' ><td style='width:22.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:351.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:351.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='5' rowspan='1' style='width:145.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:145.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >December, 31</font></td></tr><tr style='height:12.95pt;' ><td style='width:22.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:351.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:351.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:65.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2018</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:65.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2017</font></td></tr><tr style='height:9pt;' ><td style='width:22.5pt;text-align:left;vertical-align:middle;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:351.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:351.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(Dollars in thousands)</font></td><td style='width:9pt;text-align:left;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:9pt;' ><td style='width:22.5pt;text-align:left;vertical-align:middle;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:351.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:351.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:22.5pt;text-align:left;vertical-align:middle;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:351.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:351.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Short-term fixed-rate repurchase agreement with a rate of 2.85% (December 31, 2017 - 1.53%)</font></td><td style='width:9pt;text-align:left;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >50,086</font></td><td style='width:15pt;text-align:left;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >100,000</font></td></tr><tr style='height:12.95pt;' ><td style='width:22.5pt;text-align:left;vertical-align:middle;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:351.75pt;text-align:left;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:351.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' > Long-term fixed-rate repurchase agreements, interest rate of 2.26%</font></td><td style='width:9pt;text-align:left;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:12.95pt;' ><td style='width:22.5pt;text-align:left;vertical-align:middle;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:351.75pt;text-align:left;vertical-align:top;background-color:#CCEEFF;border-color:Black;min-width:351.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' > (December 31, 2017: interest ranging from 1.96% to 2.26%) </font><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1)(2)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >100,000</font></td><td style='width:15pt;text-align:left;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >200,000</font></td></tr><tr style='height:13.5pt;' ><td style='width:22.5pt;text-align:left;vertical-align:middle;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:351.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:351.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:middle;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >150,086</font></td><td style='width:15pt;text-align:left;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:middle;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >300,000</font></td></tr><tr style='height:6pt;' ><td style='width:22.5pt;text-align:left;vertical-align:middle;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:351.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:351.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:double;border-top-width:3;text-align:center;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:middle;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:double;border-top-width:3;text-align:center;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:middle;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:7.5pt;' ><td style='width:22.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' >(1)</font></td><td colspan='6' rowspan='1' style='width:497.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:497.25pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' >Reported net of securities purchased under agreements to repurchase (reverse repurchase agreements) by counterparty, when applicable, pursuant to ASC Topic 210-20-45-11.</font></td></tr><tr style='height:3.75pt;' ><td style='width:22.5pt;text-align:left;vertical-align:middle;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:7.5pt;color:#000000;' ></font></td><td style='width:351.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:351.75pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' ></font></td></tr><tr style='height:7.5pt;' ><td style='width:22.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' >(2)</font></td><td colspan='6' rowspan='1' style='width:497.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:497.25pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' >During the third quarter of 2018, the call option on a $100 million repurchase agreement that carried a cost of 1.96% was exercised. Subsequent to December 31, 2018, the lender had the option to call another repurchase agreement, which was not exercised.</font></td></tr><tr style='height:9pt;' ><td style='width:22.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:351.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:351.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:13.5pt;' ><td colspan='4' rowspan='1' style='width:279pt;text-align:left;vertical-align:middle;border-color:Black;min-width:279pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > Repurchase agreements mature as follows:</font></td></tr><tr style='height:9pt;' ><td style='width:29.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:29.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:147.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:93pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.95pt;' ><td style='width:29.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:29.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:147.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:102pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:102pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >December 31, 2018</font></td></tr><tr style='height:12.95pt;' ><td style='width:29.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:29.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:147.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(In thousands)</font></td><td colspan='2' rowspan='1' style='width:102pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:102pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.95pt;' ><td style='width:29.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:29.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:147.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:93pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:93pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.95pt;' ><td style='width:29.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:29.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:147.75pt;text-align:left;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Three months or less</font></td><td style='width:9pt;text-align:left;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:93pt;text-align:right;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >50,086</font></td></tr><tr style='height:12.95pt;' ><td style='width:29.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:29.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:147.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Over three to four years</font></td><td style='width:9pt;text-align:left;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:93pt;text-align:right;vertical-align:middle;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >100,000</font></td></tr><tr style='height:12.95pt;' ><td style='width:29.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:29.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:147.75pt;text-align:left;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > Total</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:93pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >150,086</font></td></tr><tr style='height:13.5pt;' ><td style='width:29.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:29.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:147.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:93pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12.95pt;' ><td colspan='7' rowspan='1' style='width:390pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:390pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > Repurchase agreements as of December 31, 2018, grouped by counterparty, were as follows:</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:150pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:150pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:93pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:150pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:150pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:93pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.95pt;' ><td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:150pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:150pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:93pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >Weighted-Average</font></td></tr><tr style='height:12.95pt;' ><td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:150pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >Counterparty</font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;text-decoration:underline;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:65.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >Amount</font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >Maturity (In Months)</font></td></tr><tr style='height:14.25pt;' ><td style='width:63.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:150pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:150pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(Dollars in thousands)</font></td><td style='width:9pt;text-align:left;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:middle;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:93pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:middle;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.95pt;' ><td style='width:63.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:150pt;text-align:left;vertical-align:bottom;background-color:#CCEEFF;border-color:Black;min-width:150pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >JP Morgan Chase</font></td><td style='width:9pt;text-align:left;vertical-align:bottom;background-color:#CCEEFF;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >150,086</font></td><td style='width:9pt;text-align:left;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:93pt;text-align:center;vertical-align:middle;background-color:#CCEEFF;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >35</font></td></tr><tr style='height:13.5pt;' ><td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:150pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:150pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:93pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr></table></div>
CY2018Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
131206000 USD
CY2018 us-gaap Insurance Investment Income
InsuranceInvestmentIncome
8429000 USD
CY2018 fbp Proceeds From Loans Originated Or Purchased
ProceedsFromLoansOriginatedOrPurchased
3000174000 USD
CY2018Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
54734000 USD
CY2016 us-gaap Noninterest Income
NoninterestIncome
87954000 USD
CY2017Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
10305000 USD
CY2018Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
740000000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0 USD
CY2018 fbp Financing Receivable Allowance For Credit Losses Write Offs Impaired Loans
FinancingReceivableAllowanceForCreditLossesWriteOffsImpairedLoans
57152000 USD
CY2017 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
187000 USD
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000000 shares
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-735399000 USD
CY2016 fbp Impaired Financing Receivable Determined During Period
ImpairedFinancingReceivableDeterminedDuringPeriod
288202000 USD
CY2018 fbp Automated Teller Machine And Point Of Sale Fees
AutomatedTellerMachineAndPointOfSaleFees
9515000 USD
CY2017 us-gaap Insurance Investment Income
InsuranceInvestmentIncome
8197000 USD
CY2016 us-gaap Brokerage Commissions Revenue
BrokerageCommissionsRevenue
789000 USD
CY2017 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
53245000 USD
CY2016 fbp Losses On Sales Of Non Real Estate
LossesOnSalesOfNonRealEstate
689000 USD
CY2017 fbp Payments To Acquire Insurance Contracts
PaymentsToAcquireInsuranceContracts
0 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
5976000 USD
CY2018 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
2722311000 USD
CY2017Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
1891016000 USD
CY2017 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
23408000 USD
CY2018Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
30000 USD
CY2018 fbp Non Deferrable Loan Fees
NonDeferrableLoanFees
2384000 USD
CY2017Q4 us-gaap Assets Sold Under Agreements To Repurchase Interest Rate
AssetsSoldUnderAgreementsToRepurchaseInterestRate
0.0192 pure
CY2018Q4 us-gaap Interest Receivable
InterestReceivable
50365000 USD
CY2016 us-gaap Interest Expense Deposits
InterestExpenseDeposits
67302000 USD
CY2016 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
219780000 USD
CY2018 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
466130000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.268 pure
CY2016 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
20435000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
75010000 USD
CY2016 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
50905000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.002 pure
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130692000 USD
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CY2018 fbp Naturaldisasterstextblock
Naturaldisasterstextblock
<div><p style='text-align:justify;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >NOTE </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' >2</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' > &#8211; EFFECTS OF NATURAL DISASTERS</font></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:10.8pt;' >Two strong hurricanes affected the Corporation&#8217;</font><font style='font-family:Times New Roman;font-size:10pt;' >s service areas during</font><font style='font-family:Times New Roman;font-size:10pt;' > 2017.</font><font style='font-family:Times New Roman;font-size:10pt;' > Early in September, Hurricane Irma, a Category 5 hurricane, affected the eastern Caribbean islands, including the U.S. Virgin Islands of St. Thomas and St. John and Tortola in the British Virgin Islands and, to a lesser extent, the U.S. Virgin Island of S</font><font style='font-family:Times New Roman;font-size:10pt;' >t. Croix and Puerto Rico. After hitting the eastern Caribbean, Hurricane Irma made landfall along Florida&#8217;s southwest shoreline.&#160; Two weeks after Hurricane Irma sideswiped Puerto Rico, Hurricane Maria made landfall in the south east corner of Puerto Rico a</font><font style='font-family:Times New Roman;font-size:10pt;' >s a Category 4 hurricane and exited on the northern coast at a point between the cities of Arecibo and Barceloneta after battering other islands in the Caribbean, including St. Croix.&#160; These hurricanes caused widespread property damage, flooding, power out</font><font style='font-family:Times New Roman;font-size:10pt;' >ages, water and communicat</font><font style='font-family:Times New Roman;font-size:10pt;' >ion services interruptions, and </font><font style='font-family:Times New Roman;font-size:10pt;' >severely disrupted normal economic activi</font><font style='font-family:Times New Roman;font-size:10pt;' >ty in all of these regions.&#160;</font><font style='font-family:Times New Roman;font-size:10pt;' >The following summarizes</font><font style='font-family:Times New Roman;font-size:10pt;' > the more significant</font><font style='font-family:Times New Roman;font-size:10pt;' > financial repercussions of these natural disasters for the Corporation and for its </font><font style='font-family:Times New Roman;font-size:10pt;' >major subsidiary, FirstBank.</font></p><p style='text-align:justify;margin-top:5pt;margin-bottom:5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Credit Quality and Allowance for Loan and Lease Losses</font></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:10.8pt;' >During the third quarter of 2017, the Corporation recorded a $</font><font style='font-family:Times New Roman;font-size:10pt;' >66.5</font><font style='font-family:Times New Roman;font-size:10pt;' > million charge to the provision for loan and lease losses related to the establishment of qualitative res</font><font style='font-family:Times New Roman;font-size:10pt;' >erves associated with the effects of Hurricanes Irma and Maria. During the fourth quarter of 2017, commercial loan officers performed reviews of the hurricanes&#8217; effect on large commercial borrowers, and the results of these reviews were factored into the d</font><font style='font-family:Times New Roman;font-size:10pt;' >etermination of the allowance for loan and lease losses as of December 31, 2017.</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:10.8pt;' >Relationship officers </font><font style='font-family:Times New Roman;font-size:10pt;' >have </font><font style='font-family:Times New Roman;font-size:10pt;' >continued to closely monitor the performance of hurricane-affected commercial loan customers during 2018. Information provided by these commercial </font><font style='font-family:Times New Roman;font-size:10pt;' >loan officers and statistics on the performance of consumer and residential credits were factored into the determination of the allowance for loan and lease losses as of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31</font><font style='font-family:Times New Roman;font-size:10pt;' >, 2018. Although the identification and evaluation of hurricane-affected cr</font><font style='font-family:Times New Roman;font-size:10pt;' >edits has been completed, management&#8217;s assessment of the hurricanes&#8217; effect is still subject to uncertainties, both those specific to some individual customers, such as the resolution of insurance claims, and those applicable to the overall economic prospe</font><font style='font-family:Times New Roman;font-size:10pt;' >cts of the hurricane-affected areas as a whole. During 2018, the Corporation recorded a net loan loss reserve release of approximately $</font><font style='font-family:Times New Roman;font-size:10pt;' >16.9</font><font style='font-family:Times New Roman;font-size:10pt;' > million in connection with revised estimates associated with the effects of the hurricanes. The revised estimates w</font><font style='font-family:Times New Roman;font-size:10pt;' >ere primarily attributable to updated assessments of financial performance and repayment prospects of certain individually-assessed commercial credits, updated payment patterns and probability of default credit risk analyses applied to consumer borrowers, </font><font style='font-family:Times New Roman;font-size:10pt;' >and lower reserve requirements resulting from payments received during 2018 that reduced the balance of the consumer and residential mortgage loan portfolios outstanding on the dates of the hurr</font><font style='font-family:Times New Roman;font-size:10pt;' >icanes.</font><font style='font-family:Calibri;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >The individual review of large commercial loans also </font><font style='font-family:Times New Roman;font-size:10pt;' >resulted in downgrades in the credit risk classification of certain loans and their hurricane-related qualitative reserves of approximately $</font><font style='font-family:Times New Roman;font-size:10pt;' >5.7</font><font style='font-family:Times New Roman;font-size:10pt;' > million were transferred to the general reserve and the</font><font style='font-family:Times New Roman;font-size:10pt;' >ir</font><font style='font-family:Times New Roman;font-size:10pt;' > reserve</font><font style='font-family:Times New Roman;font-size:10pt;' >s </font><font style='font-family:Times New Roman;font-size:10pt;' >are now determined following the methodology</font><font style='font-family:Times New Roman;font-size:10pt;' > applicable to criticized and adversely cla</font><font style='font-family:Times New Roman;font-size:10pt;' >ssified loans, as appropriate. In addition,</font><font style='font-family:Times New Roman;font-size:10pt;' > consumer loan charge-offs totaling $</font><font style='font-family:Times New Roman;font-size:10pt;' >10.9</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >million were taken against previously established hurricane-related qualitative reserves. These charge offs were directly linked</font><font style='font-family:Times New Roman;font-size:10pt;' > to the performance of consumer borrowers that were subject to payment deferral programs.</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:10.8pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31</font><font style='font-family:Times New Roman;font-size:10pt;' >, 2018, the hurricane-related qualitative allowance amounted to $</font><font style='font-family:Times New Roman;font-size:10pt;' >19.2</font><font style='font-family:Times New Roman;font-size:10pt;' > million (December 31, 2017 - $</font><font style='font-family:Times New Roman;font-size:10pt;' >55.6 </font><font style='font-family:Times New Roman;font-size:10pt;' >million). With the future resolution of unc</font><font style='font-family:Times New Roman;font-size:10pt;' >ertainties and the ongoing collection of information on individual commercial customers and statistics on the consumer and residential loan portfolios, the loss estimate will be re</font><font style='font-family:Times New Roman;font-size:10pt;' >vised as needed. Refer to Note 9</font><font style='font-family:Times New Roman;font-size:10pt;' > - Allowance for Loan and Lease Losses, to t</font><font style='font-family:Times New Roman;font-size:10pt;' >he consolidated financial statements</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > for information about the determination of the hurricane-related qualitative reserves.</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Disaster Response Plan Costs, Casualty Losses and Related Insurance</font></p><p style='text-align:justify;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:10.8pt;' >The Corporation incurred a variety of costs to operate in disa</font><font style='font-family:Times New Roman;font-size:10pt;' >ster response mode, and some facilities and their contents, including certain OREO properties, were damaged by the storms. The Corporation maintains insurance for casualty losses, as well as for reasonable and necessary disaster response costs and certain</font><font style='font-family:Times New Roman;font-size:10pt;' > revenue lost through business interruption. Insurance claim receivables were established for some of the individual costs, when incurred, based on management&#8217;s understanding of the underlying coverage and when realization of the claim was deemed probable.</font><font style='font-family:Times New Roman;font-size:10pt;' > During 2018, the Corporation reached settlement on certain insurance claims arising from the hurricanes. As a result, the Corporation received insurance proceeds of approximately $</font><font style='font-family:Times New Roman;font-size:10pt;' >6.8</font><font style='font-family:Times New Roman;font-size:10pt;' > million, primarily related to </font><font style='font-family:Times New Roman;font-size:10pt;' >impairments, </font><font style='font-family:Times New Roman;font-size:10pt;' >repairs and maintenance </font><font style='font-family:Times New Roman;font-size:10pt;' >costs incurred on some facilities, including certain OREO properties,</font><font style='font-family:Times New Roman;font-size:10pt;' > $</font><font style='font-family:Times New Roman;font-size:10pt;' >1.0</font><font style='font-family:Times New Roman;font-size:10pt;' > million related to recoveries of disaster response costs,</font><font style='font-family:Times New Roman;font-size:10pt;' > and $</font><font style='font-family:Times New Roman;font-size:10pt;' >0.8</font><font style='font-family:Times New Roman;font-size:10pt;' > million related to a loan receivable fully charged-off in prior periods. The insurance proceeds were recorded agai</font><font style='font-family:Times New Roman;font-size:10pt;' >nst incurred losses, previously-established accounts receivable, or loan recoveries, as applicable. Insurance recoveries are recorded in the same income statement caption as the incurred losses. Recoveries from insurance proceeds in excess of losses incurr</font><font style='font-family:Times New Roman;font-size:10pt;' >ed, amounting to $</font><font style='font-family:Times New Roman;font-size:10pt;' >0.5</font><font style='font-family:Times New Roman;font-size:10pt;' > million for 2018, were recognized as a gain from insurance proceeds and reported as part of &#8220;other non-interest income&#8221; in the statement of</font><font style='font-family:Times New Roman;font-size:10pt;' > income</font><font style='font-family:Times New Roman;font-size:10pt;' >. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31</font><font style='font-family:Times New Roman;font-size:10pt;' >, 2018, the Corporation still had an insurance claim receivable of $</font><font style='font-family:Times New Roman;font-size:10pt;' >3</font><font style='font-family:Times New Roman;font-size:10pt;' >.4</font><font style='font-family:Times New Roman;font-size:10pt;' > million</font><font style='font-family:Times New Roman;font-size:10pt;' > (December 31, 2017 - $</font><font style='font-family:Times New Roman;font-size:10pt;' >4.8</font><font style='font-family:Times New Roman;font-size:10pt;' > million)</font><font style='font-family:Times New Roman;font-size:10pt;' >, included as part of &#8220;other assets&#8221; in the statement of financial condition. Management also believes that there is a possibility that some gains will be recognized with respect to casualty and lost revenue cla</font><font style='font-family:Times New Roman;font-size:10pt;' >ims in future periods, but this is contingent on reaching agreement on the Corporation&#8217;s claims with the insurance carriers.</font></p><p style='text-align:justify;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Liquidity Management</font></p><p style='text-align:justify;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:10.8pt;' >The Corporation experienced rapid accumulation of deposits after the hurricanes</font><font style='font-family:Times New Roman;font-size:10pt;' > in the fourth quarter of 2017 and during 2018. </font><font style='font-family:Times New Roman;font-size:10pt;' >Total deposits as of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31</font><font style='font-family:Times New Roman;font-size:10pt;' >, 2018, excluding brokered CDs, increased $</font><font style='font-family:Times New Roman;font-size:10pt;' >567.0</font><font style='font-family:Times New Roman;font-size:10pt;' > million from December 31, 2017 and $</font><font style='font-family:Times New Roman;font-size:10pt;' >928.5</font><font style='font-family:Times New Roman;font-size:10pt;' > million since September 30, 2017. The most significant increase was in non-interest-</font><font style='font-family:Times New Roman;font-size:10pt;' >bearing demand deposits, which grew </font><font style='font-family:Times New Roman;font-size:10pt;' >31</font><font style='font-family:Times New Roman;font-size:10pt;' >%, or $</font><font style='font-family:Times New Roman;font-size:10pt;' >561.8</font><font style='font-family:Times New Roman;font-size:10pt;' > million, from December 31, 2017 and </font><font style='font-family:Times New Roman;font-size:10pt;' >51</font><font style='font-family:Times New Roman;font-size:10pt;' >%, or $</font><font style='font-family:Times New Roman;font-size:10pt;' >809.3</font><font style='font-family:Times New Roman;font-size:10pt;' > million, since September 30, 2017. Hurricane-related factors, such as the effect of disaster relief funds and settlements of insurance claims, contribute</font><font style='font-family:Times New Roman;font-size:10pt;' >d to this growth. Although management expects the balances accumulated by deposit customers in the hurricane-affected areas to reduce over time, it is difficult to predict when and to what degree, and there may be further growth as insurance claims are re</font><font style='font-family:Times New Roman;font-size:10pt;' >solved and additional disaster-recovery funds are distributed.</font></p></div>
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0 USD
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571872000 USD
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968 shares
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0 USD
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50000 USD
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0.081 pure
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100
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0 USD
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149000 USD
CY2018 dei Entity Voluntary Filers
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No
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CY2018 fbp Mail And Cable Transmision Commissions Revenue
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CY2018 fbp Minimum Percentage Of Bank Net Taxable Income For Paying Income Tax At Normal Rate
MinimumPercentageOfBankNetTaxableIncomeForPayingIncomeTaxAtNormalRate
0.2 pure
CY2018 fbp Loan Value Deliquency Threshold To Be Valued At Fair Value Percent
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0.6 pure
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0.43
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55739000 USD
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35239000 USD
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4037000 USD
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294809000 USD
CY2016 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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5964000 USD
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20055000 USD
CY2019Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
217238369 shares
CY2018 dei Entity Small Business
EntitySmallBusiness
false
CY2016 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
6104000 USD
CY2017 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
24243000 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 USD
CY2015Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
240710000 USD
CY2018 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2018 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
236000 USD
CY2017Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
1451000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4403000 USD
CY2017Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
166853000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2335000 USD
CY2018 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
5828000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
8869000 USD
CY2017Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
131032000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12243561000 USD
CY2018 us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
-8000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.39 pure
CY2018Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
6599233000 USD
CY2018 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
0 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
11300000 USD
CY2018Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
200000000 USD
CY2018 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
-50000 USD
CY2018 fbp Troubled Debt Restructurings Sustained Performance Period
TroubledDebtRestructuringsSustainedPerformancePeriod
P0Y6M0D
CY2016 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
11419000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.038 pure
CY2016 fbp Other Than Temporary Impairment Losses Subsequent Unrealized Gain On Debt Securities
OtherThanTemporaryImpairmentLossesSubsequentUnrealizedGainOnDebtSecurities
550000 USD
CY2017 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
6148000 USD
CY2017Q4 fbp Financial Instruments Ownedand Pledged As Collateral Amount Eligible To Be Repledged By Counterparty Amortized Cost
FinancialInstrumentsOwnedandPledgedAsCollateralAmountEligibleToBeRepledgedByCounterpartyAmortizedCost
354962000 USD
CY2016 fbp Credit And Debit Processing Fees
CreditAndDebitProcessingFees
13635000 USD
CY2016 us-gaap Insurance Investment Income
InsuranceInvestmentIncome
8473000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-195257000 USD
CY2016 fbp Income Tax Reconciliation Effect Of Capital Losses Subject To Preferential Rates
IncomeTaxReconciliationEffectOfCapitalLossesSubjectToPreferentialRates
-727000 USD
CY2016 fbp Income Tax Rate Reconciliation Nol Carryforwards
IncomeTaxRateReconciliationNOLCarryforwards
-6396000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
93229000 USD
CY2018Q4 us-gaap Securities Purchased Under Agreements To Resell Liability
SecuritiesPurchasedUnderAgreementsToResellLiability
200000000 USD
CY2017 fbp Income Tax Rate Reconciliation Nol Carryforwards
IncomeTaxRateReconciliationNOLCarryforwards
-5091000 USD
CY2017 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
588423000 USD
CY2018 fbp Payments To Acquire Insurance Contracts
PaymentsToAcquireInsuranceContracts
0 USD
CY2017Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
2401385000 USD
CY2017Q4 fbp Unamortized Broker Placement Fees
UnamortizedBrokerPlacementFees
2200000 USD
CY2018Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
2200000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
40000 USD
CY2017 fbp Income Tax Reconciliation Change In Tax Status
IncomeTaxReconciliationChangeInTaxStatus
-13161000 USD
CY2018Q2 dei Entity Public Float
EntityPublicFloat
1614392244 USD
CY2016 fbp Income Tax Rate Reconciliation Prior Periods Income Tax Returns
IncomeTaxRateReconciliationPriorPeriodsIncomeTaxReturns
-434000 USD
CY2018Q4 fbp Brokeredcertificatesofdepositmatureinthreetofiveyears
Brokeredcertificatesofdepositmatureinthreetofiveyears
45336000 USD
CY2018Q4 fbp Deposit Liabilities Collateral Issued Financial Instruments Market Value
DepositLiabilitiesCollateralIssuedFinancialInstrumentsMarketValue
592900000 USD
CY2017Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
680648000 USD
CY2018 fbp Common Equity Tier1 Capital Conservation Buffer
CommonEquityTier1CapitalConservationBuffer
0.025 pure
CY2016Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
26244000 USD
CY2017 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2676000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
362056000 USD
CY2018Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Cash
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedCollateralObligationToReturnCash
623000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3768000 USD
CY2017 fbp Effective Income Tax Reconciliation Effect Of Capital Losses Subject To Preferential Rates
EffectiveIncomeTaxReconciliationEffectOfCapitalLossesSubjectToPreferentialRates
0.034 pure
CY2018 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
2639000 USD
CY2018Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
1304043000 USD
CY2018 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
17228000 USD
CY2018Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Amount Offset Against Collateral
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedAmountOffsetAgainstCollateral
0 USD
CY2017 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
47711000 USD
CY2018Q4 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
184150000 USD
CY2018 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
8983000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1087617000 USD
CY2018 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Recoveries
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsRecoveries
1412000 USD
CY2016Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
10094000 USD
CY2018Q4 us-gaap Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
1000000 USD
CY2018 fbp Nonacrualsustainedperformanceperiod
Nonacrualsustainedperformanceperiod
P0Y6M0D
CY2017 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
0 USD
CY2017Q4 us-gaap Customer Loyalty Program Liability Current
CustomerLoyaltyProgramLiabilityCurrent
7000000 USD
CY2017 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
127000 USD
CY2018Q4 fbp Federal Home Loan Bank Advances Maturities Due Three To Four Years
FederalHomeLoanBankAdvancesMaturitiesDueThreeToFourYears
200000000 USD
CY2018 fbp Impaired Loans Removed
ImpairedLoansRemoved
5417000 USD
CY2018Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
25
CY2017 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
2043000 USD
CY2018 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
434066 shares
CY2017 fbp Amortization Of Premiums And Discounts On Deferred Loan Fees And Costs
AmortizationOfPremiumsAndDiscountsOnDeferredLoanFeesAndCosts
-8757000 USD
CY2017Q4 us-gaap Securities Purchased Under Agreements To Resell Gross
SecuritiesPurchasedUnderAgreementsToResellGross
200000000 USD
CY2016 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
43200000 USD
CY2016 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
32167000 USD
CY2016 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
5293000 USD
CY2018 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
90319000 USD
CY2017Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
715000000 USD
CY2018 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-2407000 USD
CY2017 us-gaap Professional Fees
ProfessionalFees
45929000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
201608000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
13849000 USD
CY2018Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
131402000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.008 pure
CY2017 fbp Dividends On Federal Home Loan Bank Stock
DividendsOnFederalHomeLoanBankStock
2105000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.39 pure
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
299685000 USD
CY2016 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-400000000 USD
CY2018Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
890301000 USD
CY2016 fbp Dividends On Federal Home Loan Bank Stock
DividendsOnFederalHomeLoanBankStock
1454000 USD
CY2018Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
144815000 USD
CY2017 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
51125000 USD
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1444146 shares
CY2017Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Amount Offset Against Collateral
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedAmountOffsetAgainstCollateral
0 USD
CY2018 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
9401000 USD
CY2017Q4 us-gaap Deposit Liabilities Reclassified As Loans Receivable1
DepositLiabilitiesReclassifiedAsLoansReceivable1
1700000 USD
CY2018Q4 fbp Foreign Subsidiaries Basel Advanced Approach Asset Requirement
ForeignSubsidiariesBaselAdvancedApproachAssetRequirement
10000000000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
202000 USD
CY2018 fbp Interest Income On Investment Securities And Money Market Investments
InterestIncomeOnInvestmentSecuritiesAndMoneyMarketInvestments
68592000 USD
CY2018Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
1900000000 USD
CY2017 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
438891 shares
CY2017 fbp Foreclosures Of Impaired Loans
ForeclosuresOfImpairedLoans
37513000 USD
CY2018 fbp Income Tax Reconciliation Effect Of Capital Losses Subject To Preferential Rates
IncomeTaxReconciliationEffectOfCapitalLossesSubjectToPreferentialRates
0 USD
CY2017 fbp Proceeds From Loans Originated Or Purchased
ProceedsFromLoansOriginatedOrPurchased
2655401000 USD
CY2017Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
213046000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6517000 USD
CY2017 fbp Gain Loss On Sale Of Loans Held For Sale
GainLossOnSaleOfLoansHeldForSale
0 USD
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
36104000 USD
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
213963 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
216118 shares
CY2018Q4 fbp Securities Purchased Under Agreements To Resell Not Offset
SecuritiesPurchasedUnderAgreementsToResellNotOffset
0 USD
CY2018 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
4991000 USD
CY2018 fbp Income Tax Rate Reconciliation Nol Carryforwards
IncomeTaxRateReconciliationNOLCarryforwards
-14904000 USD
CY2016 fbp Automated Teller Machine And Point Of Sale Fees
AutomatedTellerMachineAndPointOfSaleFees
8462000 USD
CY2018 fbp Impaired Financing Receivable Increases During Period
ImpairedFinancingReceivableIncreasesDuringPeriod
7335000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0 USD
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.046 pure
CY2018Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
150086000 USD
CY2018Q4 fbp Certificate Of Deposits Denominations
CertificateOfDepositsDenominations
100000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.004 pure
CY2017 fbp Impaired Loans Removed
ImpairedLoansRemoved
3526000 USD
CY2016Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
887905000 USD
CY2017 fbp Accretion Of Premium From Acquisition
AccretionOfPremiumFromAcquisition
100000 USD
CY2018Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
188397000 USD
CY2018 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Prepayment Speed
ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValuePrepaymentSpeed
0.0626 pure
CY2018Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
638094000 USD
CY2016 fbp Accretion Of Premium From Acquisition
AccretionOfPremiumFromAcquisition
200000 USD
CY2016Q2 us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
31200000 USD
CY2017 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
134770000 USD
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
64559000 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
700000 USD
CY2018Q4 fbp Time Deposit Maturities Over Six Months To One Year
TimeDepositMaturitiesOverSixMonthsToOneYear
726199000 USD
CY2017 fbp Losses On Sales Of Non Real Estate
LossesOnSalesOfNonRealEstate
253000 USD
CY2018Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
8136829000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
1279983000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
288323000 USD
CY2017Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0 USD
CY2017 fbp Impaired Financing Receivable Paid Or Partial Payments
ImpairedFinancingReceivablePaidOrPartialPayments
70469000 USD
CY2016 fbp Gain From Recovery Of Investments Previously Written Off
GainFromRecoveryOfInvestmentsPreviouslyWrittenOff
1547000 USD
CY2017 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
35200000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
586203000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
2044704000 USD
CY2017 fbp Impaired Financing Receivable Determined During Period
ImpairedFinancingReceivableDeterminedDuringPeriod
140977000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
235964000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
970566000 USD
CY2018 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Qualitative Information
ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueQualitativeInformation
These sensitivities are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10% variation in assumptions generally cannot be extrapolated because the relationship between the change in assumption and the change in fair value may not be linear. Also, in this table, the effect of a variation in a particular assumption on the fair value of the servicing asset is calculated without changing any other assumption; in reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments), which may magnify or counteract the sensitivities
CY2017Q4 us-gaap Deposit Liabilities Collateral Issued Financial Instruments
DepositLiabilitiesCollateralIssuedFinancialInstruments
562500000 USD
CY2018Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
2200000000 USD
CY2018Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
1300000000 USD
CY2018Q4 us-gaap Deposit Liabilities Collateral Issued Financial Instruments
DepositLiabilitiesCollateralIssuedFinancialInstruments
615700000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
823506000 USD
CY2018Q4 fbp Brokeredcertificatesofdepositmatureinonetoninetydays
Brokeredcertificatesofdepositmatureinonetoninetydays
86024000 USD
CY2018 us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
344935000 USD
CY2018 us-gaap Servicing Asset At Amortized Value Other Changes That Affect Balance Amount
ServicingAssetAtAmortizedValueOtherChangesThatAffectBalanceAmount
85000 USD
CY2018 us-gaap Other Noninterest Expense
OtherNoninterestExpense
22075000 USD
CY2017Q4 fbp Deferred Tax Assets Unrealized Net Loss On Reo Valuation
DeferredTaxAssetsUnrealizedNetLossOnReoValuation
14784000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
51410000 USD
CY2017Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
150627000 USD
CY2016 fbp Effective Income Tax Rate Reconciliations Nol Carryforwards
EffectiveIncomeTaxRateReconciliationsNOLCarryforwards
0.049 pure
CY2018Q4 us-gaap Securities Purchased Under Agreements To Resell Collateral Obligation To Return Cash
SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnCash
0 USD
CY2016 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
4604000 USD
CY2017Q4 us-gaap Statutory Accounting Practices Statutory Amount Available For Dividend Payments With Regulatory Approval
StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPaymentsWithRegulatoryApproval
59693000 USD
CY2017 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
34231000 USD
CY2018 fbp Reclassification Adjustment For Recovery On Securities Previously Impaired
ReclassificationAdjustmentForRecoveryOnSecuritiesPreviouslyImpaired
0 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-20145000 USD
CY2016 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentAvailableforsaleSecurities
4842000 USD
CY2017 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
12231000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
86588000 USD
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
39591000 USD
CY2017 us-gaap Revenues
Revenues
650810000 USD
CY2018 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-149914000 USD
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000000 shares
CY2016 us-gaap Interest Income Money Market Deposits
InterestIncomeMoneyMarketDeposits
3365000 USD
CY2016 fbp Proceeds From Loans Originated Or Purchased
ProceedsFromLoansOriginatedOrPurchased
2813253000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
470000 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
149000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Other Than Temporary Impairment Not Credit Loss Net Of Tax Debt Securities
AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxDebtSecurities
5426000 USD
CY2017 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
11140000 USD
CY2018 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
785431000 USD
CY2017Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
577262000 USD
CY2018Q4 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
1700000000 USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1366000 USD
CY2017 fbp Proceeds From Recovery Of Investments Previously Written Off
ProceedsFromRecoveryOfInvestmentsPreviouslyWrittenOff
0 USD
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-130192000 USD
CY2018 fbp Interest Income Pr Governement Obligations Us Treasury Securities And Us Government Agencies
InterestIncomePrGovernementObligationsUsTreasurySecuritiesAndUsGovernmentAgencies
21052000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7175000 USD
CY2016 fbp Financing Receivable Allowance For Credit Losses Write Offs Impaired Loans
FinancingReceivableAllowanceForCreditLossesWriteOffsImpairedLoans
67210000 USD
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1248000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Restricted
DebtSecuritiesAvailableForSaleRestricted
182735000 USD
CY2018 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Aggregate Write Downs
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsAggregateWriteDowns
123000 USD
CY2018Q4 fbp Deferred Tax Assets Unrealized Net Loss On Reo Valuation
DeferredTaxAssetsUnrealizedNetLossOnReoValuation
15405000 USD
CY2017Q4 fbp Deferred Tax Liabilities Differences Between Assigned Values And Tax Bases Of Assets And Liabilities Recognized In Purchase Business Combinations
DeferredTaxLiabilitiesDifferencesBetweenAssignedValuesAndTaxBasesOfAssetsAndLiabilitiesRecognizedInPurchaseBusinessCombinations
5143000 USD
CY2018Q4 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of20 Percent Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInDiscountRate
2930000 USD
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
245777000 USD
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
39922000 USD
CY2017 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentAvailableforsaleSecurities
0 USD
CY2018 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.5 pure
CY2016 fbp Impaired Financing Receivable Increases During Period
ImpairedFinancingReceivableIncreasesDuringPeriod
3236000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
14995000 USD
CY2016Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
289591000 USD
CY2017 fbp Impaired Loans Sold
ImpairedLoansSold
53245000 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4896000 USD
CY2017 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
0 USD
CY2018 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2050-12-31
CY2017Q4 us-gaap Loans Receivable Net
LoansReceivableNet
8651613000 USD
CY2017 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
347297000 USD
CY2018 us-gaap Professional Fees
ProfessionalFees
43497000 USD
CY2018Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2018Q4 fbp Property Plant And Equipment Total Before Land And Cip
PropertyPlantAndEquipmentTotalBeforeLandAndCip
105701000 USD
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
221789509 shares
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2018 us-gaap Interest Expense Domestic Deposit Liabilities Checking
InterestExpenseDomesticDepositLiabilitiesChecking
5208000 USD
CY2017 us-gaap Loans And Leases Receivable Related Parties Period Increase Decrease
LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease
0 USD
CY2018Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Amount Of Available Unused Funds
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds
422200000 USD
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
4554369 shares
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
24531000 USD
CY2016Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
461000 USD
CY2016 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
6687000 USD
CY2017 fbp Credit And Debit Processing Fees
CreditAndDebitProcessingFees
13212000 USD
CY2016 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
31852000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
36444000 USD
CY2018 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
47805000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
790308000 USD
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
455000 USD
CY2017 us-gaap Occupancy Net
OccupancyNet
56659000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-223258000 USD
CY2017 fbp Effective Income Tax Rate Reconciliations Prior Periods Income Tax Returns
EffectiveIncomeTaxRateReconciliationsPriorPeriodsIncomeTaxReturns
0.01 pure
CY2018Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
43186000 USD
CY2017Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
848763000 USD
CY2018 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
14298000 USD
CY2016 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
1845000 USD
CY2017 us-gaap Depreciation Nonproduction
DepreciationNonproduction
16424000 USD
CY2018 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
59253000 USD
CY2016 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
2830830000 USD
CY2017 us-gaap Other General Expense
OtherGeneralExpense
7203000 USD
CY2017 us-gaap Labor And Related Expense
LaborAndRelatedExpense
151845000 USD
CY2018 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
3710000 USD
CY2018 fbp Accretion Of Premium From Acquisition
AccretionOfPremiumFromAcquisition
9000 USD
CY2018Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
180994000 USD
CY2016 us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
493821000 USD
CY2018 fbp Average Weekly Demand Deposit Reserve
AverageWeeklyDemandDepositReserve
420900000 USD
CY2018 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Discount Rate
ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueDiscountRate
0.1125 pure
CY2018Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
252207000 USD
CY2017 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
832155000 USD
CY2018Q4 us-gaap Weighted Average Rate Domestic Deposit
WeightedAverageRateDomesticDeposit
0.0103 pure
CY2018 fbp Impaired Financing Receivable Interest Income
ImpairedFinancingReceivableInterestIncome
31405000 USD
CY2017Q4 fbp Deposit Liabilities Collateral Issued Financial Instruments Market Value
DepositLiabilitiesCollateralIssuedFinancialInstrumentsMarketValue
542900000 USD
CY2017 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
3453000 USD
CY2017Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
289918000 USD

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