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FIRST BANCORP. (Holding Company Only) Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2017
Statements of Financial Condition [Table Text Block] |
Statements of Financial Condition
| As of December 31,
| 2017 |  | 2016
(In thousands) |  |  |  |  |
Assets |  |  |  |  |
Cash and due from banks | $ | 20,864 |  | $ | 29,393
Money market investments |  | 6,111 |  |  | 6,111
Other investment securities |  | 285 |  |  | 285
Loans held for investment, net |  | 191 |  |  | 227
Investment in First Bank Puerto Rico, at equity |  | 2,028,641 |  |  | 1,946,211
Investment in First Bank Insurance Agency, at equity |  | 12,400 |  |  | 10,941
Investment in FBP Statutory Trust I |  | 2,698 |  |  | 2,929
Investment in FBP Statutory Trust II |  | 3,561 |  |  | 3,561
Other assets |  | 3,799 |  |  | 3,791
Total assets | $ | 2,078,550 |  | $ | 2,003,449
Liabilities and Stockholders' Equity |  |  |  |  |
Liabilities: |  |  |  |  |
Other borrowings | $ | 208,635 |  | $ | 216,187
Accounts payable and other liabilities |  | 818 |  |  | 1,019
Total liabilities |  | 209,453 |  |  | 217,206
Stockholders' equity |  | 1,869,097 |  |  | 1,786,243
Total liabilities and stockholders' equity | $ | 2,078,550 |  | $ | 2,003,449
Statements of Loss [Table Text Block] |
Statements of Income
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
(In thousands) |  |  |  |  |  |  |  |
Income |  |  |  |  |  |  |  |
Interest income on money market investments | $ | 20 |  | $ | 20 |  | $ | 20
Dividend income from banking subsidiaries |  | 7,200 |  |  | 34,876 |  |  | -
Dividend income from non-banking subsidiaries |  | 3,000 |  |  | 7,000 |  |  | -
Other income |  | 262 |  |  | 241 |  |  | 498
|  | 10,482 |  |  | 42,137 |  |  | 518
Expense |  |  |  |  |  |  |  |
Other borrowings |  | 8,284 |  |  | 7,705 |  |  | 7,450
Other operating expenses |  | 3,175 |  |  | 3,481 |  |  | 2,412
|  | 11,459 |  |  | 11,186 |  |  | 9,862
Gain on early extinguishment of debt |  | 1,391 |  |  | 4,217 |  |  | -
Income (loss) before income taxes and equity |  |  |  |  |  |  |  |
in undistributed earnings of subsidiaries |  | 414 |  |  | 35,168 |  |  | (9,344)
Income tax expense |  | (45) |  |  | - |  |  | -
Equity in undistributed earnings of subsidiaries |  | 66,587 |  |  | 58,061 |  |  | 30,641
Net income | $ | 66,956 |  | $ | 93,229 |  | $ | 21,297
Other comprehensive income (loss), net of tax |  | 13,775 |  |  | (6,641) |  |  | (9,398)
Comprehensive income | $ | 80,731 |  | $ | 86,588 |  | $ | 11,899
Statements of Cash Flow of holding company [Table Text Block] |
Statements of Cash Flows
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
(In thousands) |  |  |  |  |  |
Cash flows from operating activities: |  |  |  |  |  |  |  |
Net income | $ | 66,956 |  | $ | 93,229 |  | $ | 21,297
Adjustments to reconcile net income to net cash |  |  |  |  |  |  |  |
provided by (used in) operating activities: |  |  |  |  |  |  |  |
Stock-based compensation |  | 3,769 |  |  | 3,563 |  |  | 2,835
Equity in undistributed earnings of subsidiaries |  | (66,587) |  |  | (58,061) |  |  | (30,641)
Gain on early extinguishment of debt |  | (1,391) |  |  | (4,217) |  |  | -
Accretion of discount on loans |  | (14) |  |  | (11) |  |  | (7)
Net (increase) decrease in other assets |  | (8) |  |  | 802 |  |  | (293)
Net (decrease) increase in other liabilities |  | (201) |  |  | (26,685) |  |  | 6,643
Net cash provided by (used in) operating activities |  | 2,524 |  |  | 8,620 |  |  | (166)
Cash flows from investing activities: |  |  |  |  |  |  |  |
Principal collected on loans |  | 50 |  |  | 50 |  |  | 63
Net cash provided by investing activities |  | 50 |  |  | 50 |  |  | 63
Cash flows from financing activities: |  |  |  |  |  |  |  |
Repurchase of common stock |  | (2,497) |  |  | (1,132) |  |  | (1,174)
Repayment of junior subordinated debentures |  | (5,930) |  |  | (7,025) |  |  | -
Dividends paid on preferred stock |  | (2,676) |  |  | (223) |  |  | -
Net cash used in financing activities |  | (11,103) |  |  | (8,380) |  |  | (1,174)
Net (decrease) increase in cash and cash equivalents |  | (8,529) |  |  | 290 |  |  | (1,277)
Cash and cash equivalents at beginning of the year |  | 35,504 |  |  | 35,214 |  |  | 36,491
Cash and cash equivalents at end of year | $ | 26,975 |  | $ | 35,504 |  | $ | 35,214
Cash and cash equivalents include: |  |  |  |  |  |  |  |
Cash and due from banks | $ | 20,864 |  | $ | 29,393 |  | $ | 29,103
Money market instruments |  | 6,111 |  |  | 6,111 |  |  | 6,111
| $ | 26,975 |  | $ | 35,504 |  | $ | 35,214

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