XML 35 R14.htm IDEA: XBRL DOCUMENT v3.25.2
Restrictions on cash and due from banks and certain securities
6 Months Ended
Jun. 30, 2025
Restricted cash and investment [Abstract]  
Restricted On Cash And Due From Banks And Certain Securities
Note 4 - Restrictions on cash and due
 
from banks and certain securities
BPPR is
 
required by
 
regulatory agencies
 
to maintain
 
average reserve
 
balances with
 
the Federal
 
Reserve Bank
 
of New
 
York
 
(the
“Fed”) or other banks. Required average reserve
 
balances in BPPR amounted to $
2.7
 
billion at June 30, 2025 (December 31, 2024 -
$
2.6
 
billion). Cash and
 
due from banks,
 
as well
 
as other highly
 
liquid securities, are
 
used to cover
 
these required average
 
reserve
balances.
 
At June
 
30, 2025,
 
the Corporation
 
held $
60
 
million in
 
restricted assets
 
in the
 
form of
 
funds deposited
 
in money
 
market accounts,
debt
 
securities
 
available
 
for
 
sale
 
and
 
equity
 
securities
 
(December
 
31,
 
2024
 
-
 
$
61
 
million).
 
The
 
restricted
 
assets
 
held
 
in
 
debt
securities available for sale and equity securities consist primarily of assets
 
held for the Corporation’s non-qualified retirement plans
and fund deposits guaranteeing possible liens or encumbrances
 
over the title of insured properties.