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FIRST BANCORP. (Holding Company Only) Financial Information (Tables) | 6 Months Ended
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Jun. 30, 2022
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 June 30, 2022 and December 31, 2021, and the results of its operations for the quarters and six-month periods ended June 30, 2022 and 2021:
Statements of Financial Condition
(Unaudited)
|  | As of June 30, |  |  | As of December 31,
|  | 2022 |  | 2021
(In thousands) |
Assets |  |  |  |  |
Cash and due from banks | $ | 18,387 |  | $ | 20,751
Other investment securities |  | 285 |  |  | 285
Investment in First Bank Puerto Rico, at equity |  | 1,648,605 |  |  | 2,247,289
Investment in First Bank Insurance Agency, at equity |  | 25,674 |  |  | 19,521
Investment in FBP Statutory Trust I |  | 1,951 |  |  | 1,951
Investment in FBP Statutory Trust II |  | 3,561 |  |  | 3,561
Dividend receivable |  | 50,797 |  |  | 295
Other assets |  | 210 |  |  | 71
| Total assets | $ | 1,749,470 |  | $ | 2,293,724
Liabilities and Stockholdersʼ Equity |  |  |  |  |
Liabilities: |  |  |  |  |
Other borrowings | $ | 183,762 |  | $ | 183,762
Accounts payable and other liabilities |  | 7,792 |  |  | 8,195
| Total liabilities |  | 191,554 |  |  | 191,957
Stockholdersʼ equity |  | 1,557,916 |  |  | 2,101,767
| Total liabilities and stockholdersʼ equity | $ | 1,749,470 |  | $ | 2,293,724
Statements of Income [Table Text Block] |
Statements of Income
(Unaudited)
|  |  | Quarter Ended June 30, |  | Six-Month Period Ended June 30,
|  |  | 2022 |  | 2021 |  | 2022 |  | 2021
(In thousands) |  |
Income: |  |  |  |  |  |  |  |  |  |  |
| Interest income on money market investments | $ | 10 |  | $ | 8 |  | $ | 14 |  | $ | 24
| Dividend income from banking subsidiaries |  | 178,679 |  |  | 16,328 |  |  | 242,272 |  |  | 35,129
| Other income |  | 51 |  |  | 39 |  |  | 91 |  |  | 77
|  | Total income |  | 178,740 |  |  | 16,375 |  |  | 242,377 |  |  | 35,230
Expense: |  |  |  |  |  |  |  |  |  |  |
| Other borrowings |  | 1,698 |  |  | 1,285 |  |  | 3,031 |  |  | 2,579
| Other operating expenses |  | 434 |  |  | 637 |  |  | 873 |  |  | 1,136
| Total expenses |  | 2,132 |  |  | 1,922 |  |  | 3,904 |  |  | 3,715
Income before income taxes and equity in undistributed earnings |  |  |  |  |  |  |  |  |  |  |
|  | of subsidiaries |  | 176,608 |  |  | 14,453 |  |  | 238,473 |  |  | 31,515
Income tax expense |  | 793 |  |  | 659 |  |  | 1,899 |  |  | 1,788
(Distributions in excess of earnings) equity in undistributed |  |  |  |  |  |  |  |  |  |  |
|  | earnings of subsidiaries |  | (101,120) |  |  | 56,764 |  |  | (79,279) |  |  | 101,981
Net income | $ | 74,695 |  | $ | 70,558 |  | $ | 157,295 |  | $ | 131,708
Other comprehensive (loss) income, net of tax |  | (175,923) |  |  | 28,496 |  |  | (507,757) |  |  | (70,433)
Comprehensive (loss) income | $ | (101,228) |  | $ | 99,054 |  | $ | (350,462) |  | $ | 61,275

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