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FIRST BANCORP. (Holding Company Only) Financial Information (Tables) | 9 Months Ended
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Sep. 30, 2021
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Statements of Financial Condition [Table Text Block] | The following condensed financial information presents the financial position of First BanCorp. at the holding company level only as of September 30, 2021 and December 31, 2020, and the results of its operations for the quarters and nine-month periods ended September 30, 2021 and 2020.
Statements of Financial Condition
(Unaudited)
|  | As of September 30, |  |  | As of December 31,
|  | 2021 |  | 2020
(In thousands) |
Assets |  |  |  |  |
Cash and due from banks | $ | 46,044 |  | $ | 10,909
Money market investments |  | - |  |  | 6,211
Other investment securities |  | 285 |  |  | 285
Investment in First Bank Puerto Rico, at equity |  | 2,318,996 |  |  | 2,396,963
Investment in First Bank Insurance Agency, at equity |  | 18,339 |  |  | 41,313
Investment in FBP Statutory Trust I |  | 1,951 |  |  | 1,951
Investment in FBP Statutory Trust II |  | 3,561 |  |  | 3,561
Other assets |  | 110 |  |  | 2,023
| Total assets | $ | 2,389,286 |  | $ | 2,463,216
Liabilities and Stockholdersʼ Equity |  |  |  |  |
Liabilities: |  |  |  |  |
Other borrowings | $ | 183,762 |  | $ | 183,762
Accounts payable and other liabilities |  | 7,559 |  |  | 4,275
| Total liabilities |  | 191,321 |  |  | 188,037
Stockholdersʼ equity |  | 2,197,965 |  |  | 2,275,179
| Total liabilities and stockholdersʼ equity | $ | 2,389,286 |  | $ | 2,463,216
Statements of Income (Loss) [Table Text Block] |
Statements of Income |
(Unaudited) |
|  | Quarter Ended |  | Nine-Month Period Ended |
|  | September 30, |  | September 30, |
|  | 2021 |  | 2020 |  | 2021 |  | 2020 |
(In thousands) |  |
Income: |  |  |  |  |  |  |  |  |  |  |  |
| Interest income on money market investments | $ | 13 |  | $ | 12 |  | $ | 37 |  | $ | 60 |
| Dividend income from banking subsidiaries |  | 15,555 |  |  | 14,482 |  |  | 50,684 |  |  | 41,370 |
| Dividend income from non-banking subsidiaries |  | 30,000 |  |  | - |  |  | 30,000 |  |  | - |
| Other income |  | 39 |  |  | 51 |  |  | 116 |  |  | 399 |
|  |  | 45,607 |  |  | 14,545 |  |  | 80,837 |  |  | 41,829 |
Expense: |  |  |  |  |  |  |  |  |  |  |  |
| Other borrowings |  | 1,277 |  |  | 1,356 |  |  | 3,856 |  |  | 5,029 |
| Other operating expenses |  | 358 |  |  | 607 |  |  | 1,494 |  |  | 1,665 |
|  |  | 1,635 |  |  | 1,963 |  |  | 5,350 |  |  | 6,694 |
Gain on early extinguishment of debt |  | - |  |  | 94 |  |  | - |  |  | 94 |
Income before income taxes and equity |  |  |  |  |  |  |  |  |  |  |  |
| in undistributed earnings of subsidiaries |  | 43,972 |  |  | 12,676 |  |  | 75,487 |  |  | 35,229 |
Income tax provision |  | 556 |  |  | 448 |  |  | 2,344 |  |  | 1,671 |
Equity in undistributed earnings of subsidiaries |  | 32,262 |  |  | 16,385 |  |  | 134,243 |  |  | 18,577 |
Net income | $ | 75,678 |  | $ | 28,613 |  | $ | 207,386 |  | $ | 52,135 |
Other comprehensive (loss) income, net of tax |  | (18,740) |  |  | (7,943) |  |  | (89,173) |  |  | 38,563 |
Comprehensive income | $ | 56,938 |  | $ | 20,670 |  | $ | 118,213 |  | $ | 90,698 |

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