The regulatory capital positions of the Corporation and FirstBank as of June 30, 2019 and December 31, 2018 were as follows:

Regulatory Requirements

Actual

For Capital Adequacy Purposes

To be Well-Capitalized-General Thresholds

Amount

Ratio

Amount

Ratio

Amount

Ratio

(Dollars in thousands)

As of June 30, 2019

Total Capital (to

Risk-Weighted Assets)

First BanCorp.

$

2,203,045

24.25%

$

726,759

8.0%

N/A

FirstBank

$

2,157,718

23.74%

$

727,167

8.0%

$

908,959

10.0%

Common Equity Tier 1 Capital

(to Risk-Weighted Assets)

First BanCorp.

$

1,874,143

20.63%

$

408,802

4.5%

N/A

FirstBank

$

1,735,483

19.09%

$

409,031

4.5%

$

590,823

6.5%

Tier I Capital (to

Risk-Weighted Assets)

First BanCorp.

$

1,910,247

21.03%

$

545,069

6.0%

N/A

FirstBank

$

2,043,485

22.48%

$

545,375

6.0%

$

727,167

8.0%

Leverage ratio

First BanCorp.

$

1,910,247

15.64%

$

488,558

4.0%

N/A

FirstBank

$

2,043,485

16.75%

$

488,108

4.0%

$

610,135

5.0%

As of December 31, 2018

Total Capital (to

Risk-Weighted Assets)

First BanCorp.

$

2,118,940

24.00%

$

706,418

8.0%

N/A

FirstBank

$

2,075,894

23.51%

$

706,426

8.0%

$

883,032

10.0%

Common Equity Tier 1 Capital

(to Risk-Weighted Assets)

First BanCorp.

$

1,792,880

20.30%

$

397,360

4.5%

N/A

FirstBank

$

1,656,563

18.76%

$

397,365

4.5%

$

573,971

6.5%

Tier I Capital (to

Risk-Weighted Assets)

First BanCorp.

$

1,828,984

20.71%

$

529,814

6.0%

N/A

FirstBank

$

1,964,563

22.25%

$

529,819

6.0%

$

706,426

8.0%

Leverage ratio

First BanCorp.

$

1,828,984

15.37%

$

475,924

4.0%

N/A

FirstBank

$

1,964,563

16.53%

$

475,490

4.0%

$

594,362

5.0%