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v3.22.2

OTHER BORROWINGS (Tables) | 6 Months Ended
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Jun. 30, 2022
Subordinated Borrowings [Abstract] |
Components of Other Borrowings [Table Text Block] | Other borrowings, as of the indicated dates, consisted of:
|  | June 30, |  | December 31,
|  | 2022 |  | 2021
(In thousands) |
Floating rate junior subordinated debentures (FBP Statutory Trust I) (1) | $ | 65,205 |  | $ | 65,205
Floating rate junior subordinated debentures (FBP Statutory Trust II) (2) |  | 118,557 |  |  | 118,557
| $ | 183,762 |  | $ | 183,762
(1) | Amount represents junior subordinated interest-bearing debentures due in 2034 with a floating interest rate of 2.75% over 3-month LIBOR (4.78% as of June 30, 2022 and 2.97% as of December 31, 2021).
(2) | Amount represents junior subordinated interest-bearing debentures due in 2034 with a floating interest rate of 2.50% over 3-month LIBOR (4.60% as of June 30, 2022 and 2.71% as of December 31, 2021).

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- Definition Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 + Details
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- References No definition available. + Details
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